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　　Continue to push forward the reform

　　Qiushi magazine editorial department

　　"Reform and opening up is an important magic weapon for the cause of the party and the people to catch up with the times. At present and in the future, it is a crucial period to comprehensively promote the construction of a strong country and the great cause of national rejuvenation with Chinese modernization. Facing the complicated international and domestic situation, facing a new round of scientific and technological revolution and industrial transformation, and facing the new expectations of the people, we must continue to push forward the reform. "

　　On April 30th, 2024, the Political Bureau of the Central Committee held a meeting and decided to hold the Third Plenary Session of the 20th CPC Central Committee in Beijing in July, focusing on further comprehensively deepening reform and promoting Chinese modernization. The meeting profoundly expounded the great significance of continuing to push forward the reform in the new journey with the "six inevitable requirements", demanding that the whole party must consciously put the reform in a more prominent position and further comprehensively deepen the reform closely around promoting Chinese modernization.

　　Reform and opening up is the most remarkable feature and magnificent weather in contemporary China, and it is also a key measure to determine the success or failure of Chinese modernization. Since the 18th National Congress of the Communist Party of China, with great historical initiative, great political courage and strong responsibility, the CPC Central Committee with the Supreme Leader as the core has pushed the reform and opening up in the new era to a new level at a new historical starting point, and achieved historic changes, systematic remodeling and overall reconstruction in many fields, injecting inexhaustible power into the construction of a strong country and national rejuvenation. General Secretary of the Supreme Leader accurately grasped the law of reform, scientifically summed up historical experience, made overall plans for both domestic and international situations, and put forward a series of new ideas, new viewpoints and new theories, which provided a fundamental basis for comprehensively deepening reform and opening up.

　　The article "Deepening Reform and Opening-up in an All-round Way, Injecting Strong Power into Chinese Modernization" is extracted from the speeches, articles, questions and answers, reports and other important documents of the Supreme Leader from December 2012 to March 2024, and contains a series of important expositions of the General Secretary on comprehensively deepening reform and opening-up, which is highly political, theoretical, realistic and instructive. On the eve of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, it is of great theoretical and practical significance to study and understand the spirit of this important article, to thoroughly study and implement a series of new ideas, new viewpoints and new conclusions of the Supreme Leader General Secretary on comprehensively deepening reform, to make good use of the key measure of reform and opening up, to unswervingly carry it out to the end, and to provide strong impetus and institutional guarantee for Chinese modernization.

　　The Fundamental Motive Force for Promoting Chinese Modernization

　　Guangdong, a hot spot of "getting ahead of the trend", is the vanguard, pioneer and experimental area of reform and opening up, which plays an important role in the overall situation of Chinese modernization.

　　In December 2012, after the 18th National Congress of the Communist Party of China, General Secretary of the Supreme Leader came to Guangdong. In Shenzhen Lianhuashan Park, the General Secretary presented a flower basket to the bronze statue of Deng Xiaoping standing on the top of the mountain, and issued a mobilization order to "unswervingly promote reform and opening up".

　　In April 2023, the first local inspection was made in the first year of fully implementing the spirit of the 20th National Congress of the Communist Party of China. General Secretary of the Supreme Leader once again went south to Guangdong and profoundly pointed out: "China’s reform and opening-up policy is long-term and consistent." The solemn declaration with a clear-cut flag shows the unswerving determination to reform.

　　Reform and opening up is a great awakening of our party, and it is this great awakening that gave birth to our party’s great creation from theory to practice. Reform and opening up is a great revolution in the history of the development of China people and the Chinese nation, and it is this great revolution that has promoted the great leap of Socialism with Chinese characteristics’s cause.

　　In December 1978, our party held the Third Plenary Session of the Eleventh Central Committee and made a historic decision to shift the work center of the party and the state to economic construction and implement reform and opening up. Since then, the people of the Communist Party of China (CPC) and China, with indomitable enterprising spirit and magnificent innovative practice, have constantly overcome all kinds of difficulties and obstacles that are rare in the world, and pushed China’s economic strength, comprehensive national strength and people’s living standards to a new level.

　　There is no end to practical development, and there is no end to reform and opening up. With the development of practice, some deep-seated institutional problems and barriers to solidification of interests have become increasingly apparent, and the reform has entered a critical period and deep water area. In the new era, the CPC Central Committee with the Supreme Leader as the core has deepened the reform in an all-round way with great political courage, dared to break into deep-water areas, dared to gnaw hard bones, dared to venture into dangerous beaches, dared to face new contradictions and challenges, and initiated great changes with great momentum and far-reaching influence.

　　On March 10th, 2023, the Third Plenary Session of the First Session of the 14th National People’s Congress was held in the Great Hall of the People, and the decision on the institutional reform plan of the State Council was adopted by voting. The picture shows the meeting site. Xinhua News Agency reporter Yue Yuewei/photo

　　Behind the magnificent reform, it is the great spirit and big pattern of the leader. The General Secretary of the Supreme Leader personally led, personally deployed and personally promoted the comprehensive deepening of the reform work, and grasped the overall design, overall coordination, overall promotion and supervision and implementation of the reform. Incorporate comprehensive deepening reform into the "four comprehensive" strategic layout, personally preside over more than 70 central comprehensive deepening reform leading group meetings and central comprehensive deepening reform Committee meetings, and strengthen the top-level design of reform; Systematically sum up the valuable experience of reform and opening up for more than 40 years, constantly promote theoretical and practical innovation, and inject powerful thinking and action power into reform; From Shenzhen, Guangdong, the "window and experimental field of reform and opening up", to Xiaogang, Anhui, the birthplace of rural reform, from Hainan, a new highland opened to the outside world, to Pudong, a leading area of socialist modernization, we went deep into various localities and departments to investigate and investigate, examine the facts, listen to the voices of the people, and seek good strategies; We have deployed and advanced a series of tough battles for reform, overcome many long-standing unsolved problems, and achieved many major events with long-term implications.

　　Reform practice breeds scientific theory, and great changes depend on ideological guidance.

　　With the profound insight, keen judgment and theoretical creativity of Marxist politicians, thinkers and strategists, General Secretary of the Supreme Leader made important expositions on a series of directional, overall and strategic major issues, and scientifically answered major theoretical and practical questions such as why and how to comprehensively deepen reform and opening up in the new era.

　　— — "A key measure to determine the success or failure of Chinese modernization".Without reform and opening up, there would be no China today, and there would be no China tomorrow. General Secretary of the Supreme Leader emphasized that "the reason why Socialism with Chinese characteristics has vigorous vitality lies in the implementation of socialism of reform and opening up"; "Only reform and opening up can develop China, socialism and Marxism"; "There is no end to the development of practice, the emancipation of the mind, and the reform and opening up. The reform and opening up is only in progress and not completed"; "It is necessary to comprehensively deepen reform as the fundamental driving force for promoting Chinese modernization and as an important starting point for stabilizing the overall situation, coping with emergencies and opening up new opportunities."

　　— — "Reform and opening up has a direction, a position and principles".The direction of comprehensively deepening reform is a fundamental issue. General Secretary of the Supreme Leader emphasized that upholding and strengthening the overall leadership of the Party "is a political theme that runs through the whole process of reform"; "The reform led by our party has always been a comprehensive reform" and "it is a reform that keeps advancing on the road of Socialism with Chinese characteristics, neither taking the old road of being closed and rigid, nor taking the evil road of changing the flag"; "We will resolutely change what should be changed and what can be changed, and we will resolutely not change what should not be changed and what cannot be changed. We must adhere to the Party’s basic line, and unify the two basic points of taking economic construction as the center, adhering to the Four Cardinal Principles and persisting in reform and opening up with the great practice of Socialism with Chinese characteristics in the new era, and persist in it for a long time and never waver. "

　　— — "Improve and develop the Socialism with Chinese characteristics system and promote the modernization of the national governance system and governance capacity".The overall goal of deepening reform in an all-round way is to improve and develop the Socialism with Chinese characteristics system and promote the modernization of the national governance system and governance capacity. General Secretary of the Supreme Leader stressed that Socialism with Chinese characteristics’s system and national governance system have "profound historical background", "remarkable advantages in many aspects" and "rich practical achievements", and "we should not only adhere to and consolidate China’s national system and national governance system that have been tested by long-term practice, but also improve and develop China’s national system and national governance system, and constantly transform China’s institutional advantages into national governance efficiency"; "To plan comprehensive and deepening reform in the new era, we must adhere to and improve the Socialism with Chinese characteristics system, promote the modernization of the national governance system and governance capacity as the main axis, profoundly grasp China’s development requirements and the trend of the times, put system construction and governance capacity construction in a more prominent position, continue to deepen the reform of institutional mechanisms in all fields, promote the maturity and finalization of all systems, and promote the modernization of the national governance system and governance capacity."

　　— — "We must adhere to the correct methodology".The reform in the new era is more faced with deep-seated institutional mechanisms, with higher requirements for the top-level design of reform and stronger requirements for the systematicness, integrity and synergy of reform. General Secretary of the Supreme Leader stressed that reform and opening up "must adhere to the correct methodology and advance through continuous practice and exploration"; "System concept is a basic thought and working method", and it is necessary to "correctly handle the relationship between reform, development and stability, adhere to the combination of party leadership and respect for people’s initiative, and adhere to ‘ Cross the river by feeling the stones ’ Combine with top-level design, adhere to the combination of problem orientation and goal orientation, adhere to the combination of pilot first and comprehensive promotion, adhere to the combination of reform decision-making and legislative decision-making, pay attention to the systematicness, integrity and synergy of reform, and coordinate the reform progress in various fields to form an overall effect. "

　　Establish the first "single window" of international trade in China, open the first batch of free trade accounts in China, and set up the first wholly foreign-owned hospital, the first wholly foreign-owned Public Offering of Fund company and the first wholly foreign-owned automobile manufacturing enterprise … … Since the listing of China (Shanghai) Pilot Free Trade Zone, a number of "national firsts" have been born, and a number of national first projects have been implemented in dozens of open fields such as manufacturing and financial industry. The picture shows the Zhangjiang area of Shanghai Free Trade Zone (photo taken on September 10, 2023, photo of drone). Xinhua News Agency reporter Fang Wei/photo

　　— — "Unswervingly promote the implementation of major reform measures".Reform focuses on implementation, but it is also difficult to implement it. The General Secretary of the Supreme Leader stressed that "all localities and departments should firmly establish the overall awareness and sense of responsibility, take reform as a major political responsibility, strengthen their determination and confidence in reform, and enhance their ideological consciousness and action consciousness in promoting reform, both as reform promoters and as reform doers, do a good job in the implementation of reform with the spirit of nailing nails, seize the key and make precise efforts, dare to gnaw at hard bones, stare at it and grasp it repeatedly until it achieves results"; "Effectively solve the formalism problems that plague the grassroots through reform, continue to focus on enhancing the people’s sense of gain, happiness and security, and unswervingly promote the implementation of major reform measures."

　　— — "Persist in promoting high-level opening up".Openness brings progress, while closure is bound to lag behind. Promoting reform and development by opening up is a successful practice of China’s reform and development. General Secretary of the Supreme Leader emphasized that "reform and opening up complement each other and promote each other, and reform will inevitably require opening up, and opening up will inevitably require reform"; "China’s reform and opening-up policy will remain unchanged for a long time, and it will never close the door of opening itself"; "China will persist in opening to the outside world at a high level, comprehensively promote Chinese-style modernization with high-quality development, and provide new opportunities for countries to open up and cooperate".

　　The important exposition of the Supreme Leader’s General Secretary clarified the general goal, correct direction, principles and methods, key tasks and political guarantee of comprehensively deepening reform and opening up in the new historical position, which is an important part of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era and provides a powerful ideological and theoretical weapon for comprehensively deepening reform and opening up.

　　Comprehensively deepen reform in the new eraMake great achievements in history

　　In November 2013, the epoch-making Third Plenary Session of the 18th CPC Central Committee was held, and the "the Central Committee of the Communist Party of China’s Decision on Several Major Issues of Comprehensively Deepening Reform" was adopted to make a general plan for comprehensively deepening reform and realize the transformation from partial exploration and breaking ice to system integration and comprehensive deepening. In October 2014, the Fourth Plenary Session of the Eighteenth Central Committee of the Party was held, and the "the Central Committee of the Communist Party of China’s Decision on Comprehensively Promoting Several Major Issues in Governing the Country by Law" was adopted, which formed a companion piece with the decision adopted by the Third Plenary Session of the Eighteenth Central Committee of the Party; In February 2018, the Third Plenary Session of the 19 th CPC Central Committee was held, and the "the Central Committee of the Communist Party of China’s Decision on Deepening the Reform of Party and State Institutions" and "Deepening the Reform Plan of Party and State Institutions" were adopted; In October 2019, the Fourth Plenary Session of the 19 th CPC Central Committee was held, and the "Decision of the Central Committee of the Communist Party of China on Upholding and Improving the Socialism with Chinese characteristics System, Promoting the Modernization of the National Governance System and Governance Capacity" was adopted; In February, 2023, the Second Plenary Session of the 20th CPC Central Committee was held, which made important arrangements for further deepening the reform of the party and state institutions … …

　　Promote market system reform, macroeconomic governance reform, high-level open economy new system reform, etc., and the economic system reform continues to deepen; Promote the reform of the party and state institutions, deepen the reform of the state supervision system, develop people’s democracy throughout the process, and steadily advance the political system reform; Implementing the responsibility system for ideological work, improving the urban and rural public cultural service system, etc., the cultural system reform is solid and effective; Improve the public employment service system, improve the social security system covering the whole people, and comprehensively promote social system reform; A series of innovative systems, such as environmental protection supervision system, river and lake length system, and national park protection system, were introduced in due course, and the reform of ecological civilization system was accelerated … …

　　In the new era, unprecedented reform measures have continuously pushed forward the comprehensive deepening of reform to the breadth and depth, Socialism with Chinese characteristics’s system has become more mature and stereotyped, the modernization level of the national governance system and governance capacity has been continuously improved, the cause of the party and the country has been revitalized, and Chinese modernization has shown bright prospects.

　　The important article "Deepening Reform and Opening-up in an All-round Way, Injecting Strong Motive into Chinese Modernization" contains the incisive exposition of the Supreme Leader’s General Secretary’s review and summary of the reform work: "A series of innovative theories, major measures and major breakthroughs we put forward are revolutionary, creating a new situation in which reform and opening-up have promoted historic achievements and changes in various undertakings of the party and the country."

　　This is a profound change in the way of organization.In the process of comprehensively deepening reform, the CPC Central Committee with the Supreme Leader as the core has taken the overall situation and coordinated all parties. The General Secretary of the Supreme Leader personally took the lead in going out to discuss major issues, grasp major issues, and seek the overall situation, leading the whole party, the whole army, and the people of the whole country to make breakthroughs and overcome difficulties; The central leading group for comprehensive deepening reform was changed to a committee, as a strong center for overall deepening reform, planning top-level design and rallying reform forces; All localities and departments should build a centralized and unified reform leadership system, a pragmatic and efficient reform decision-making mechanism, an overall coordination mechanism linked up and down, and a strong and orderly supervision implementation mechanism from top to bottom, effectively ensuring the leadership and authority of the CPC Central Committee in comprehensively deepening reforms. Under the centralized and unified leadership of the CPC Central Committee, we will comprehensively deepen the reform, from tamping the foundation, erecting columns and beams, to comprehensively advancing and accumulating momentum, to system integration, coordination and efficiency, and systematically solving institutional obstacles, institutional obstacles and policy innovations in all fields.

　　This is a profound change in the national system and governance system."The reform and opening up in the new era has many new connotations and characteristics, one of which is that the system construction is more important". In the process of planning reform, the CPC Central Committee with the Supreme Leader as the core has always highlighted the main line of system construction, constantly improved the institutional framework, built a fundamental system, improved the basic system and innovated important systems. The system of the Party’s leadership, the system of the people being the masters of the country, the system of the rule of law in Socialism with Chinese characteristics, the administrative system in Socialism with Chinese characteristics, the people’s livelihood security system of coordinating urban and rural areas, and the social governance system of co-construction, co-governance and sharing … … The basic institutional framework in various fields has been basically established, and a systematic, scientific, standardized and effective institutional system has gradually taken shape, and the governance efficiency of the "China System" has become increasingly prominent.

　　This is a profound change with the extensive participation of the people.Reform for the people is meaningful; Only by relying on the people to reform can reform be motivated. Safe China construction, rural medical and health system construction, promoting pollution prevention and control, "toilet revolution", garbage sorting, clean heating & HELIP; … One small matter related to the people’s livelihood, one item was included in the agenda of the Central Leading Group for Deep Reform and the Central Committee for Deep Reform, which became the focus and force point of reform again and again. The reform of the household registration system has allowed 140 million agricultural migrants to settle in cities and towns; Strengthen mutual assistance of funds, and make overall plans for endowment insurance nationwide to ensure that pensions are paid in full and on time; Strengthen the protection of the bottom, and the reform of the real estate system will solve the housing problem for more than 140 million people in need; To reduce the burden on low-and middle-income groups, the personal income tax reform benefited 250 million people; Deepen the reform of the medical and health system, and guide the focus of medical and health work to move down and resources to sink; Deepen the reform and innovation of education and teaching, promote the balanced development of compulsory education and the integration of urban and rural areas … … The people’s sense of acquisition, happiness and security has been continuously enhanced.

　　The 2024 "Investing in China" series of activities was held in Baden on April 5 — Held in Stuttgart, the capital of Wü rttemberg, the event attracted more than 300 representatives from the German business community. The picture shows the activity scene taken on the same day. Xinhua News Agency reporter Ren Pengfei/photo

　　This is a profound change that the door to opening is getting bigger and bigger.Inland areas have changed from "defenders" to "forwards", coastal areas have opened up and developed by going up one flight of stairs, and the China market is more closely linked with the world market. The "Belt and Road" cooperation extends from Asia and Europe to Africa and Latin America, and more than 150 countries and more than 30 international organizations have signed the "Belt and Road" cooperation document. Since 2017, China has maintained its position as the largest country in goods trade for seven consecutive years. In 2023, its export international market share was 14.2%, ranking first in the world for 15 consecutive years. China is already a major trading partner of more than 140 countries and regions, and a major source of investment for more and more countries.

　　Since the new era, the reforms promoted by the CPC Central Committee with the Supreme Leader as the core are all-round, deep and fundamental, and the achievements are historic, revolutionary and groundbreaking. Looking around the world, no country or political party can have such political courage and historical responsibility, dare to be bold, cut inward and make self-revolution, and no country or political party can promote such a large-scale, large-scale and large-scale reform in such a short time.

　　Practice has fully proved that the historic achievement of comprehensively deepening reform and opening up in the new era lies in the fact that General Secretary of the Supreme Leader, as the core of the CPC Central Committee and the whole party, is at the helm and in the scientific guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the new era. To continue to push forward the reform in the new journey, we must deeply understand the decisive significance of "two establishment", strengthen "four consciousnesses", strengthen "four self-confidences" and achieve "two maintenance", and unswervingly uphold and strengthen the overall leadership of the party.

　　Further comprehensively deepen reform and promote Chinese-style modernization

　　"To uphold and develop Socialism with Chinese characteristics, we must constantly adapt to the development of social productive forces, adjust production relations, and constantly adapt to the development of economic base and improve the superstructure"; "We propose to carry out comprehensive and deepening reforms, which is to adapt to the changes in the basic contradiction movement in our society to promote social development. The basic social contradictions are always developing, so the adjustment of production relations and the improvement of the superstructure need to be carried out accordingly. "

　　In the important article "Deepening Reform and Opening-up in an All-round Way and Injecting Strong Motive into Chinese Modernization", General Secretary of the Supreme Leader, starting from the basic principles of historical materialism, scientifically expounded the profound truth that "reform and opening-up can only be carried out when it is not completed".

　　Chinese modernization is a great and arduous undertaking. The more arduous it is, the more we need motivation for reform and vitality for opening up. Report to the 20th CPC National Congress of the Communist Party of China regards deepening reform and opening up as a major principle that must be firmly grasped in promoting Chinese modernization, and focuses on comprehensively promoting the great rejuvenation of the Chinese nation with Chinese modernization, making major strategic arrangements for comprehensively deepening reform in the new era and new journey. Since the 20th National Congress of the Communist Party of China, the General Secretary of the Supreme Leader has profoundly expounded the strategic focus and main direction of further deepening reform and opening up in many important occasions, such as the plenary session of the Party Central Committee, the meeting of the Central Committee for Deep Reform, the collective study in the Political Bureau of the Central Committee, the National People’s Congress and the local inspection. The article "Deepening Reform and Opening-up in an All-round Way, Injecting Strong Motive into Chinese Modernization" contains these important expositions of the General Secretary.

　　— — On deepening the reform of the economic system.The reform of economic system is the focus of deepening reform in an all-round way, which has important influence and conduction on other aspects of reform. The General Secretary of the Supreme Leader stressed that it is necessary to "give full play to the decisive role of the market in resource allocation, give better play to the role of the government, accelerate the construction of a new development pattern, build a unified national market, improve the macroeconomic governance system, stimulate the vitality of various business entities, and accelerate the formation of institutions and mechanisms conducive to high-quality development"; Constantly improve and implement the "two unwavering" institutional mechanisms, "further deepen the reform of state-owned state-owned enterprises and improve the competitiveness of state-owned enterprises; Optimize the development environment of private enterprises, enhance the confidence of private economy development, and promote the development and growth of private enterprises "; "Improve the modern enterprise system with China characteristics, build a high-standard market system and improve the macroeconomic governance system"; "Strengthen and improve modern financial supervision, strengthen the financial stability guarantee system, and standardize and guide the healthy development of capital according to law".

　　— — On developing new quality productive forces.Developing new quality productivity is the inherent requirement and important focus of promoting high quality development. General Secretary of the Supreme Leader stressed that "to develop new quality productive forces, we must further deepen reform in an all-round way and form a new type of production relationship that is compatible with it"; It is necessary to "make efforts to break through the blocking points that restrict the development of new quality productive forces, establish a high-standard market system, innovate the allocation of production factors, and let all kinds of advanced and high-quality production factors flow smoothly to the development of new quality productive forces" and "expand high-level opening up to the outside world and create a good international environment for the development of new quality productive forces".

　　— — On the overall planning of reforms in other fields.Reform and opening up is a systematic project, and comprehensively deepening reform means promoting reforms in all fields as a whole. General Secretary of the Supreme Leader stressed that it is necessary to "make overall plans for reforms in the fields of education, science and technology talents, politics, rule of law, culture, society, ecology, national security and party building"; "Deepen the reform of the science and technology system, give play to the advantages of the new national system, strengthen the national strategic scientific and technological strength, strengthen the dominant position of enterprises in scientific and technological innovation, optimize the allocation of innovative resources, strive to break through key core technologies, and promote the realization of high-level scientific and technological self-reliance."

　　— — On promoting high-level opening up.Opening up is also reform. China’s open door will not be closed, but will only get wider and wider. General Secretary of the Supreme Leader stressed that it is necessary to "steadily expand the institutional opening of rules, regulations, management and standards, and promote joint construction with high quality ‘ Belt and Road ’ " ; "Strengthen institutional opening, continue to build a market-oriented, rule-of-law and international first-class business environment, and shape new advantages of an open economy at a higher level".

　　— — On highlighting the problem orientation and improving the reform implementation mechanism.Reform is forced by problems, and it is deepened by constantly solving problems. The General Secretary of the Supreme Leader stressed that it is necessary to "focus on solving the problem of blocking points that restrict the construction of a new development pattern and promote high-quality development, the pain points and difficulties in the development environment and people’s livelihood, and the hot issues that are contrary to social fairness and justice, effectively prevent and resolve major risks, and constantly add momentum and vitality to economic and social development"; "Pay attention to improving the reform implementation mechanism, promote the effectiveness of reform measures, constantly highlight Socialism with Chinese characteristics’s institutional advantages, continuously enhance the motivation and vitality of socialist modernization, and better transform China’s institutional advantages into national governance efficiency."

　　"Reform and opening-up have come a long way in Qian Shan, but we still need to wade through mountains and rivers". On the new journey, we should unite more closely around the CPC Central Committee with the Supreme Leader as the core, fully implement the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, persist in relying on reform and opening up to enhance the endogenous driving force for development, and further promote deep-level reform and high-level opening up as a whole, and we will certainly be able to write a new chapter in comprehensively deepening reform and opening up and create a new glory of Chinese modernization.

In the current market, many automobile brands have launched three-cylinder models. Faced with the pressure of environmental protection policies and consumers’ requirements for fuel economy, more and more manufacturers will launch models equipped with three-cylinder engines. 2019 is the first year of the explosion of three-cylinder engines, and the position of small-displacement three-cylinder engines will become larger and larger in the foreseeable future.

Due to the congenital reason of odd cylinders, the first-order reciprocating inertia moment of three-cylinder engine is unbalanced, which is a word "shaking" in the actual driving experience, which is why many people talk about "three cylinders" and change their color. At present, the "three cylinders" at this juncture can be said to be a kind of engine form that is difficult to avoid. Then who can take the lead in doing the "three-cylinder" experience, who may seize the market first. A few days ago, Geely Automobile held an activity of "Binrui 200t 160,000km engine’s 100-hour crazy challenge with no limit" at Geely Power Research Institute in Hangzhou Bay, Ningbo.

Through the form of disassembly+explanation, this paper shows how Geely builds an efficient three-cylinder engine without shaking. In fact, it is not easy to disassemble an engine that has been used for a long time in the eyes of many media, because as long as the engine is slightly flawed, it may be made public by the media.

The engine disassembled by the technician has passed the 160,000-kilometer road test, the test of high fever, cold and harsh plateau environment, and then passed the 100-hour full-load operation test on the test bench. The simulation is the state of an engine after 8 years of use in the hands of ordinary car owners. Let’s analyze this non-shaking three-cylinder engine step by step from the cylinder head.

The disassembled engine model is JLF-3G10TDB, the cylinder head is made of aluminum alloy, and the integrated exhaust manifold design is adopted. At present, the purpose of the birth of a small-displacement three-cylinder engine is to "save energy efficiently". The integrated exhaust manifold can not only effectively use the exhaust temperature to help the engine warm up when starting, but also has advantages for the control of exhaust temperature and the normal work of three-way catalysis.

This engine is equipped with two thermostats, the "big" and the "small". The small thermostat controls the small circulation and controls the coolant to circulate in the cylinder when the engine is started. Together with the integrated exhaust manifold, this heat source can quickly make the engine reach the appropriate working temperature. When the engine is working normally, the coolant is connected to the large cycle of the whole cooling system.

Compared with the traditional external exhaust banana design, the integrated exhaust manifold can not only effectively utilize the waste heat generated by exhaust gas, but also shorten the path of exhaust gas to the turbine blades. With the small inertia turbine from Garrett, the 1.0L exhaust engine can still blow the turbine quickly, providing excellent response capability. In order to output a peak torque of 205Nm at 2000 rpm while ensuring the responsiveness, the designed maximum speed of this turbine reaches 290,000 rpm.

In terms of fuel supply system, this engine adopts direct injection in the overhead cylinder, which avoids the abnormal situation that the "wet wall" leads to the increase of engine oil. Continental has provided a 5-hole fuel injector for this engine, and the fuel injection pressure can reach 200Bar. Since the development of this engine began seven years ago, there is a certain gap compared with the 350Bar used in the latest engine, but we also learned from the conversation with engineers that Geely will continue to develop the second generation engine, and I believe that a higher pressure fuel injection system will be used at that time.

The cylinder body is made of cast iron. According to the engineer on site, compared with aluminum alloy, cast iron cylinder body has more advantages in shock absorption. This engine adopts the design scheme of 3mm thin cylinder wall, and the cylinder block of three-cylinder engine can usually be reduced by more than 50mm in axial length compared with that of four-cylinder engine. Therefore, thanks to the volume advantage of three-cylinder engine, the weight of cast iron cylinder block is still well controlled.

In the part of NVH management, Geely first put the engine in the semi-elimination laboratory, oriented the noise source of the whole power system through the microphone array conforming to SAE (International Society of Automata Engineers) specifications, and then analyzed the noise-emitting parts to improve the noise source.

Firstly, aiming at the silent design of belt and gear, in order to reduce the noise of gear and belt during transmission, Geely used composite materials between the alveoli of gear and used timing belt instead of timing chain to further reduce the noise of gear and belt during operation.

Geely introduced the "balance shaft" to suppress the vibration of the "three cylinders". One end of the balance shaft has a gear combined with the gear at the crankshaft end, and the first-order inertia of the engine is balanced by the design that the motion phase is opposite to the vibration. The whole balance shaft assembly is installed in the oil pan at the bottom of the vehicle. At present, there are many three-cylinder engines on the market, but not every one has a balance shaft.

Besides suppressing NVH of the engine itself, how to reduce the impact of vibration on the car body is equally important. Geely adopted a relatively traditional 3-point mount on the precursor of Binrui’s transverse engine. However, hydraulic bushings are used on both the left and right mounts. Compared with the practice of using hydraulic bushings only on the right side of traditional vehicles, it is obvious that the vibration isolation effect of dual hydraulic mounts is better.

In order to demonstrate the excellent NVH performance of this engine in an intuitive way, Geely engineers designed a "coin-standing" test. During the whole test, the coin did not fall down whether the engine was started or the speed was raised at idle speed. Although this is an engine test under no-load condition, it also reflects the NVH performance of Geely’s 1.0T engine under no-load condition. According to the on-site engineers, the displacement produced by the vibration of the seat slide rail in Binrui cockpit per second is only 0.35mm.

In the actual test drive, Binrui, which is equipped with a 1.0T engine, still can’t feel the vibration of the engine in the cabin under the load of four people. Trying to accelerate rapidly at the speed of 20km/h, the speed of establishing positive pressure of the turbine is almost the same as that of many larger displacement turbine engines, and the force exerted by the engine in the middle section is more rapid than that of the ordinary 2.0L naturally aspirated engine.

Because of the congenital reason of odd cylinders, the first-order reciprocating inertia moment of three-cylinder engine is unbalanced, which is the congenital defect of "three cylinders". I believe that even Newton’s old man could not wash the floor when he was alive. However, today’s engine technology has undergone earth-shaking changes compared with 20 -30 years ago, whether it is the accuracy of overall parts processing or the breakthrough in materials science. The change of the overall automobile industry environment has also made the "three cylinders" shoulder a more important mission. The "three cylinders" have reason to become better, and Geely has taken the lead in taking a solid step.

　

The 1.0T engine carried by Binrui is a brand-new product of Geely iNTEC technology brands, and it is the first 1.0TD engine independently developed by Geely. Through engine disassembly, we can see that it is not a product that blindly pursues "cheap". Geely’s intentions are reflected in the use of parts from internationally renowned suppliers and the design of NVH suppression. As early as 2010, Geely put forward the "technical Geely" strategy, and this 1.0TD engine is a microcosm of the "technical Geely" strategy.

[Original of Truck House] Today, with rising oil prices and falling freight rates, reducing costs and increasing efficiency has become the primary goal of many card friends, so new energy vehicles with lower costs have gradually become popular choices. However, at this stage, there is a cruising range limit for pure electric vehicles, and hybrid vehicles that can also go green without fear of limit have gradually entered the field of vision of card friends.

The diamond potential brought to card friends in this issue is the first hybrid launched by new energy in line with market demand. It is equipped with a new generation of hybrid technology, coupled with the groundbreaking long-head design, which solves the pain points of poor power, poor economy and poor comfort of traditional oil trucks for users. So, what is the specific performance of this diamond gold card? Next, let’s take a look together.

First of all, in terms of the power system that card friends are most concerned about, this Lingshi gold card adopts Lingqing super linear hybrid system. The characteristic of this system is that it adopts the principle of extended-range hybrid, which is mainly composed of generating electricity as a battery, and then the battery is connected in series with the motor. Finally, the motor drives the car, but the engine does not directly drive it.

Among them, this diamond gold card uses a 1.6L four-cylinder Atkinson cycle range extender, and the thermal efficiency of this engine reaches 40.1%. The battery pack is a lithium iron phosphate battery pack with a capacity of 13.26kWh. The motor is a permanent magnet synchronous motor, and the transmission efficiency is higher. The maximum output power of the motor is 120 kW, and the peak torque reaches 320 Nm. The overall dynamic performance is still very strong, and it can easily control complex road conditions such as urban high-speed, mountain slopes and supermarkets.

It is reported that the fuel consumption of the car is 3.6L/100km under the constant speed working condition method, while the comprehensive fuel consumption of the feeder is 6.5L/100km. If it is calculated according to the state that the pressure tank is full at 45 liters, the cruising range can reach about 700km under the condition of vehicle feeding, and there will be no cruising anxiety.

In terms of chassis, the car is designed with double wishbones made of high-strength steel at the front of 980 MPa and rear 5+2 steel plate suspensions. In combination, it adopts ultra-high-strength steel large-section closed beam frame and high-strength large-size square pipe, which can easily meet the heavy-duty requirements of transporting livestock and aquatic products.

In terms of body size, the length, width and height of the car are 5935X1880X1845mm, and the wheelbase is 3650 mm. The overall body size is very flexible, and it can be used for underground parking. Moreover, the longer wheelbase means stronger stability in middle and high speed driving, and the goods have more advantages in axle load distribution.

As for the top coat, the real shot model is matched with the fence top coat, which is 3510x1780x380mm in size. In addition, the car can also be equipped with vans, warehouses and other tops, and card friends can choose according to their actual transportation needs.

Entering the car, you can see that the car adopts a spacious and comfortable car-enclosed cockpit with ergonomic seats, which makes long-distance driving easier. The two-spoke steering wheel and the small-size LCD instrument at the upper and rear make it not look like a commercial vehicle, while the central control area is a storage compartment, a large screen, a manual air conditioner and a storage box from top to bottom. The large-screen UI design is convenient and easy to read, and the operation is smooth, supporting various applications such as mobile phone interconnection, APP, and Bluetooth phone.

● Postscript

Generally speaking, this diamond gold card can enjoy the new energy green card, and it can be transported freely in the city every day, and it also has long anxiety and no mileage anxiety. In addition to the multiple advantages brought by mixing, the car also adopts a groundbreaking "long head" design, which comprehensively enhances the driving experience of freight drivers.

Finally, what do card friends think of the performance of this diamond gold card? Welcome to chat in the comments section. (Text/Tang Haoqi)

In 2024, the 18th Beijing Auto Show opened. This is not the Beijing Auto Show. Some overseas auto makers have come. Half of the booths of BYD and Xiaomi are foreigners, and the arrival of Lei Jun and Zhou Hongyi can be said to be a walking traffic leader, but Tesla is still not seen.

As far as FAW Hongqi is concerned, it has not only introduced a number of concept models, such as the concept car of Hongqi Golden Sunflower, the design concept of integrating the car body light group, wheels and other places into the golden sunflower, the gull wing door blessing, not to mention how fashionable it is, but also the convertible version of Hongqi EH7, which is definitely a bold attempt.

In addition, the brand-new Hongqi Guoya was officially unveiled at the Beijing Auto Show. The new car has been declared before and is expected to be officially listed soon.

And we see that the new car and the declaration map are also different, and the overall body is relatively round, creating an elegant and atmospheric image of the country.

Specifically, in fact, many elements of sunflower have been added to the car body, such as the position of vents on both sides and the brand-new taillight shape. The headlight group is more retro, and the classic straight waterfall grille of the family is preserved. Together with the hub with dense spokes, the lifting beacon and the two-color body, it is simply a "domestic Rolls Royce".

Of course, after all, the new car is 5353mm long and the wheelbase is 3260 mm. Under the slender body lines, the power is also quite exaggerated. According to the application information, the new car will be available in 3.0T oil-electric hybrid and 4.0T oil-electric hybrid versions.

Finally: In any case, Hongqi Automobile has luxury genes, which will improve the design and power configuration, and it is also the representative of luxury cars in big countries in overseas markets.

□ Wang Zhe

China’s punitive damages system first appeared in Article 49 of the Consumer Protection Law in 1993, which stipulated the "double indemnity" rule of goods or services fraud, and this "refund for one" rule quickly created a large number of "professional counterfeiters" and gave birth to the phenomenon of "professional counterfeiting". The revised Consumer Protection Law in 2013 increased the amount of punitive damages, and the number of counterfeiters increased dramatically, showing a trend of professionalism. The emergence of "professional counterfeiters" has played a positive role in enhancing consumers’ awareness of rights, encouraging people to use punitive compensation mechanism to crack down on illegal and infringing acts of operators. However, with the rapid increase of the number of "professional counterfeiters", its characteristics of "profit-making" and "disorder" have also brought many negative effects, such as disrupting the business environment and occupying judicial resources. At the same time, the judgments of local courts on such cases are not the same. The fundamental reason is the different understanding of whether "professional counterfeiters" can be used as consumers and whether "professional counterfeiters" can apply punitive damages system. Therefore, in order to solve the above problems, we should accurately identify the main identity of "professional counterfeiters", standardize the application of punitive damages system to "professional counterfeiters" and establish a graded application system of punitive damages.

First of all, as to whether "professional counterfeiters" belong to consumers, the author thinks that we should comprehensively consider the meaning of consumers, and judge whether they buy or use goods or receive services for their daily needs or for re-trading. We should not deny their identity as consumers just because they have the purpose of making profits. According to the law on the protection of consumers’ rights and interests, "consumers’ rights and interests are protected by this law when they buy or use commodities or receive services for their daily consumption". It can be seen that as long as goods are purchased and used for daily consumption, they belong to consumers and are protected by the Consumer Protection Law. Living consumption refers to various consumption processes that people carry out to meet material and cultural needs, and the corresponding concepts are activities for production and consumption, such as purchasing raw materials by enterprises. Therefore, judging whether a subject is a consumer should be based on the purpose of buying goods or receiving services. If the buyer buys for another transaction, it is not a "consumer". In addition, in the process of amending this law, it was suggested that the "professional counterfeiters" who bought fakes knowing them and then made claims should be excluded from the application of this law. Others suggested that it should be clearly stipulated that "for the purpose of making profits" or "for the purpose of professional counterfeiting" does not belong to the scope of "for the needs of daily consumption". In the end, such suggestions were not adopted, which shows that legislators did not deny the consumer identity of "professional counterfeiters" when revising the law.

Secondly, the emergence of "professional counterfeiters" is in line with the purpose of establishing a punitive compensation system in the consumer field. The punitive damages system stipulated in Article 49 of the Law on the Protection of Consumers’ Rights and Interests before the amendment confirmed the benefits of consumers’ rights protection, greatly mobilized the enthusiasm of consumers to launch legal struggles with treacherous operators, and cultivated a large number of smart consumers like Wang Hai. Some local people’s courts have also made some judgments involving punitive damages according to this provision. However, this provision still has limitations in stimulating consumers’ interests, and the sanctions against commercial fraud are still insufficient. In order to strengthen the protection of consumers’ legitimate rights and interests, and to combat and punish the malicious fraud of operators, in the process of amending the Consumer Rights Protection Law, all parties generally called for further strengthening the punitive damages system, increasing the amount of punitive damages and increasing the punishment for fraud. It can be seen that the main purpose and function of the Consumer Protection Law at the beginning of establishing punitive damages system is to punish illegal businesses, increase the illegal cost of illegal businesses, mobilize the enthusiasm of consumers in legal struggle with treacherous businesses through interest incentives, and encourage consumers to defend their rights through litigation and other means to make up for the lack of public law enforcement due to the limited public resources. In addition, if the probability and illegal cost of an illegal act are relatively low, it is easy to form negative incentives and it is difficult to effectively curb illegal acts in this field. Based on this, it is necessary to support "professional counterfeiters" who strictly carry out counterfeiting and rights protection within the scope of law.Support this special group of "consumers" to defend their rights, so as to form a governance structure in the consumption field of co-construction, co-governance and sharing, and their legitimate claims cannot be rejected just because they "know and buy fakes" or have the purpose of "making profits".

Finally, although "professional counterfeiters" belong to consumers and their existence conforms to the purpose of establishing punitive damages, we should standardize the application of punitive damages to "professional counterfeiters", establish a grading application system of punitive damages, gradually reduce the profit-making space of "professional counterfeiters", and maximize the elimination of the negative effects brought by "professional counterfeiters" while giving full play to their positive role, so as to realize the relationship between protecting consumers’ rights and optimizing the business environment. At present, the punitive damages in the field of consumer rights protection in China are calculated by the multiplier method, that is, the appropriate "base" is selected from the existing compensation and multiplied by the fixed "multiple" within the legal scope to get the specific amount of punitive damages. The author thinks that because the "multiple" of punitive damages in the field of consumer rights protection is fixed, there is no room for discretion in this part, so the "base" of punitive damages can be calculated according to general consumption and special consumption. Specifically, for food, medicine and other special consumption areas that affect consumers’ health and life safety, the people’s court should insist on the protection of food and drug safety as the primary value orientation in handling food and drug safety disputes. Whether the plaintiff is a "professional counterfeiter" or not, it should be based on the principle of strengthening compensation, and punitive compensation should be paid to producers or operators based on the actual price or loss to meet the people’s needs for a better life. In the field of ordinary consumption, the court should strengthen active justice and deal with "professional counterfeiters"The punitive damages system should be carefully applied to the profit-making behavior, and the amount of punitive damages should only be calculated based on the actual living consumption demand recognized by ordinary people, thus narrowing the profit-making space of professional counterfeiters and preventing some producers and operators from "being too small and too heavy". In addition, punitive damages should be applied to the repeated purchases of small commodities in special consumption fields such as food and medicine, but the total price of all commodities purchased by professional counterfeiters should be used as the calculation "base" of punitive damages.

The pre-sale of Aouita New 11 will be launched in December. The pre-sale price of pure electricity is 339,900 yuan, which is 39,100 yuan more expensive than the old model (starting from 300,800), the pre-sale price of extended range is 299,900 yuan, and the pre-sale price of the Royal Theater version is 429,900 yuan.

The front face of Aouita New 11 adopts a brand-new honeycomb grille+can light up the logo, the decorative strip of daytime running lights extends to the front bumper, and the fuel filler on the right side is exclusive for extended range. The whole system is upgraded with Huawei 3 lidar+Gankun A.0 intelligent driving system. Aouita 11 Extended Range will also be equipped with "Kunlun Extended Range" and Contemporary Amperex Technology Co., Limited Super Hybrid Battery, with a pure battery life of over 200km.

Extended range

Aouita 11 provides zero-gravity seat, three-position steering wheel, full LCD instrument, streaming rearview mirror, suspended central control screen, embedded entertainment screen, British treasure audio, lifting water cup holder and wireless charging of mobile phone. The car has built-in HarmonyOS cockpit 4.0. The rear row is equipped with a large central armrest, and the seat has new functions of ventilation, heating and massage.

The maximum power of Aouita 11 extended range engine is 115kW, the peak power of two-wheel drive motor is 231kW, the maximum speed is 200km/h, and the curb weight is 2300kg. It is estimated that the whole system will be matched with 39.05kWh lithium iron phosphate battery (refer to Aouita 12 Extended Range), with a peak charge rate of 3C and a full-charge peak discharge rate of 9C, and it will only take 15 minutes to charge the battery from 30% to 80%.

Royal Theatre Edition

Aouita 11 Royal Theatre Edition upgrades the exclusive logo of the Royal Theatre, silver star ring waist line, 22-inch seven forged wheels, suspended canopy screen in the rear cabin, British Treasure 25 speakers, full-grain semi-aniline leather and exclusive interior of the Royal Theatre.

　　In early trading on Wednesday, the market opened higher and higher, and the three major indexes of A shares all rose more than 1%. As of midday, the Shanghai Composite Index rose 1.24%, the Shenzhen Component Index rose 1.54% and the Growth Enterprise Market Index rose 1.34%. The half-day turnover in Shanghai and Shenzhen stock markets was 570.1 billion yuan, a decrease of 47.3 billion yuan compared with the same period of the previous trading day.

　　On the disk, all sectors showed a general upward pattern, and Shenwan’s industry was all red, with more than 5,000 stocks rising in the whole market. AI concept stocks rebounded collectively.Lead the rise,、、Daily limit;Concept stocks are active,With a daily limit of 20%,、Up more than 10%;The plate is stronger,、Daily limit

　　In terms of individual stocks,Today, the daily limit was one word in the morning, and it closed at 3.71 yuan in the afternoon, with a turnover of 188 million yuan.

　　Before today’s market, it was announced that the company appealed to the United States Court of Appeals for the Seventh Circuit on April 4, 2024, US time, requesting to revoke the original relevant judgment of the Illinois Federal District Court. In the early morning of April 17, 2024, the Court of Appeal made a decree and decided to suspend the execution of the product ban order and fines issued by the court of first instance against the company, which took effect immediately. The company will work closely with global partners to immediately resume normal business activities and start the sales of related products.

　　Hong Kong stocks continued to fluctuate and adjust in early trading. As of midday, the Hang Seng Index closed at 16,238.09 points, down 0.07%. The index of state-owned enterprises closed at 5744.75 points, up 0.02%.

The CSRC responded.Strong rebound

　　After two consecutive days of losses, today’s performance was strong, and the index rose by over 8%. As of the close of noon,、、、、、、Waiting for many stocks to limit by 20%.

　　Yesterday evening, Guo Ruiming, Director of the Supervision Department of Listed Companies of China Securities Regulatory Commission, responded to questions about dividends and delisting by answering a reporter’s question. He said,If the company is subject to other risk warnings (ST) only because the dividends are not up to standard, it will not lead to delisting. According to the calculation, the number of companies that will be delisted by applying the combined financial indicators in Shanghai and Shenzhen stock markets next year is expected to be around 30.

　　As for the market, there is a view that "the revision of delisting rules is mainly aimed at small-cap stocks", and Guo Ruiming said that "this is purely a misunderstanding". He said that this delisting index adjustment is aimed at stepping up efforts to clear "zombie empty shells" and "black sheep", not at "small-cap stocks". Safe arrangements have been made in terms of standard setting and transitional arrangements, which will not have an impact on the market in the short term.

Plate strength, daily limit

　　In early trading, stocks collectively strengthened. As of the close of noon,、Up more than 10%, daily limit,、、、Waiting for the top increase.

　　Nine departments, including the Ministry of Human Resources and Social Security, recently released "Accelerating the Cultivation and Support of Digital Talents"Development Action Plan (2024-2026). The plan closely meets the needs of digital industrialization and industrial digitalization development. It takes about three years to carry out special actions such as cultivating, attracting, retaining and using digital talents, increase the effective supply of digital talents, and form a digital talent agglomeration effect.

　　SdicIt is said that the marginal improvement of the education industry policy and the clear supply of the industry are expected to benefit from the release of industry demand and realize the performance reversal. Previously, the Ministry of Education issued the Regulations on the Management of Off-campus Training to release the signal of continuous improvement of education policy. The focus of the policy has shifted from "blocking" to "sparse", and the supply of overlapping industries has cleared. The release of education demand will bring "Davis double click" to the policy and performance of the education industry, and we are optimistic about the future development of the education industry.

Plate activityOnce daily limit

　　The plate also performed, hitting the daily limit once. By midday, it had risen by over 8%.、、Wait for the increase to exceed 5%.

　　come fromAccording to our data, the popularity of tourism search related to May Day has increased by more than 7 times in the past week, and Beijing, Chongqing, Shanghai, Chengdu, Changsha, Xi ‘an, Guangzhou, Wuhan, Nanjing and Hangzhou are all destination cities with high tourism popularity during the May Day holiday.

　　The data shows that the popularity of domestic hotels and air tickets during the May 1 holiday this year increased slightly compared with last year, and the popularity of outbound air tickets increased by 56% year-on-year.

Up more than 16%

　　Hong Kong stocks continued to fluctuate and adjust today. As of midday, the Hang Seng Index closed at 16,238.09 points, down 0.07%. The index of state-owned enterprises closed at 5744.75 points, up 0.02%.

　　Among them, the real estate construction industry is active.、, Diet King (Global) rose by more than 20%;、、Waiting for stocks to shine; withRepresentingThe plate has a good performance.

　　Boosted by the concept, it rose sharply, rising by 16.18% as of midday. In the news, Sichuan Province held a conference on further promoting the development, popularization and application of green hydrogen industry chain. At the meeting, an important signal was revealed-Sichuan will adopt extraordinary and maximum precision support for the hydrogen energy industry, take application as the guide, give full play to its resource advantages, crack the sticking points and blocking points, and promote the high-quality development of the whole green hydrogen industry chain.

　　It is believed that since 2024, hydrogen energy industrial policies have been issued frequently, which has led to the gradual improvement of relevant policy systems, and the development of the whole industrial chain of hydrogen energy "production, storage, transportation, processing and use" is expected to be further accelerated.

　　Some stocks have strong momentum. Hongteng Precision stopped falling and rebounded. As of midday, Hongteng Precision closed at HK$ 1.94, up 6.59%. In the news, Hongteng Precision recently released a performance forecast. As of March 31, 2024, the company’s unaudited net profit in the first quarter is expected to be between US$ 7 million and US$ 10 million, and the loss in the same period last year was about US$ 9 million. The main reason for turning losses into profits in the first quarter of 2024 is the improvement of management efficiency and the gradual recovery of the market demand for computers, consumer electronics and network facilities.

　　In addition, in the first quarter of 2024, more than 100 listed companies initiated repurchase in the Hong Kong stock market, an increase of 81.94% compared with the same period of last year. A total of 2.313 billion shares were repurchased, with a total repurchase amount of HK$ 51.096 billion, up 211.4% from HK$ 16.408 billion in the same period last year. Among them,、、The repurchase amount in the first quarter exceeded HK$ 7 billion.

　　Industry, in the first quarter of 2024 to launch a repurchase of Hong Kong listed companies, mainly distributed in software services,、And other industries.

At [Autohome Shenzhen Promotions Channel], we bring you the latest promotions of the model. At present, consumers in Shenzhen can enjoy a real car purchase feast, and Jaguar XEL is running a cash promotion of up to 120,000. This move has reduced the minimum selling price to 209,800, providing car buyers with a very attractive car purchase opportunity. If you are interested in Jaguar XEL, click "Chatti Car Price" in the quotation form to seize this rare opportunity to get a higher car purchase discount.

The Jaguar XEL attracts attention with its elegant exterior design, the front part adopts Jaguar’s signature leopard design, and the air intake grille adopts exquisite chrome trim and is paired with unique matrix LED headlights, showing the perfect fusion of luxury and technology. The body lines are smooth, and the overall style not only retains the traditional essence of Jaguar, but also integrates modern aesthetics, exuding a low-key and dynamic charm.

With its slender body size, the Jaguar XEL has reached 4778mm x 1850mm x 1429mm in length, width and height, and the wheelbase has reached 2935mm, providing passengers with a spacious interior space. Its elegant side lines are smooth and dynamic, highlighting the luxury temperament of the Jaguar brand. With 225/45 R18 tire specifications, not only does it ensure driving stability, but also complements the body design. The wheel style reflects Jaguar’s attention to detail, which is coordinated with the overall shape of the body, showing an extraordinary visual effect.

The interior design of the Jaguar XEL is full of luxury and sophistication, based on traditional British craftsmanship and incorporating modern technology elements. In the spacious cockpit, the steering wheel is made of high-quality leather, which is not only comfortable to touch, but also has manual up and down + front and rear adjustment functions, ensuring that the driver can find the best control experience in different driving positions. The 10.2-inch central control screen is clear and easy to operate, and integrates multimedia systems, navigation and phone functions, providing the driver with convenient intelligent connection.

In terms of seats, the Jaguar XEL is made of imitation leather, which is designed to provide a comfortable ride experience. The main and passenger seats support front and rear adjustment, backrest adjustment, height adjustment and waist support, especially the front seats are also equipped with heating function to ensure optimum comfort in all climates. There are plenty of USB and Type-C ports, and there are 2 ports in the front row, which is convenient for passengers to charge electronic devices. It is also equipped with wireless charging function of mobile phones, which further enhances the convenience.

The 2.0T engine on the Jaguar XEL can generate a maximum power of 250 horsepower and a peak torque of 365N · m, which is matched with an 8-speed automatic transmission, providing drivers with a strong power output and a smooth driving experience.

Summarizing the owner’s evaluation, the Jaguar XEL captured his heart with its domineering and youthful and fashionable design, and the streamlined design and sporty feel of the body made people fall in love at first sight. This is not only a car, but also an indispensable trend partner in the owner’s life. Undoubtedly, it not only meets the driver’s needs, but also shows the charm of the Jaguar brand.

Welcome to Autohome Shanghai Promotions, today brings you the latest promotions for a much-talked-about luxury car. Currently, this high-end model is on an unprecedented promotion in Shanghai, with a maximum discount of up to 30,000 yuan, which means consumers have the opportunity to get this luxury model at a lower price. The minimum selling price has been adjusted to 199,800 yuan, which is very tempting. If you are interested in Hongqi EH7, don’t miss this rare car buying opportunity. Please click the quotation form below to check the price of the car immediately and make your car buying dream come true in the most affordable way.

As a masterpiece that highlights the style of Chinese luxury cars, the exterior design of Hongqi EH7 shows a solemn and elegant temperament. Its front face design adopts family-style classic elements, and the iconic large-scale straight waterfall air intake grille, each chrome-plated trim is particularly exquisite, highlighting the dignity and strength of the brand. The body lines are smooth, and the overall style not only inherits the traditional aesthetics of Hongqi, but also incorporates the sense of technology of modern design, giving people a visual enjoyment of a stable atmosphere without losing a sense of movement.

The side lines are elegant and dynamic, and the body size of the Hongqi EH7 is 4980mm*1915mm*1490mm, showing the style of a luxury sedan. The wheelbase is up to 3000mm, ensuring a spacious and comfortable interior space. The precise layout of the front wheelbase of 1645mm and the rear wheelbase of 1655mm not only improves driving stability, but also reflects the designer’s attention to detail. The tire size is 245/50 R18, and it is matched with a delicate wheel design, which not only enhances the visual effect, but also ensures the grip and handling performance during driving. Overall, the side lines of the Hongqi EH7 are smooth, showing a perfect combination of high-end and technology.

The interior design of Hongqi EH7 upholds the refinement and luxury of Chinese brands, highlighting the high-end business positioning. The exquisite leather steering wheel adopts a comfortable ergonomic design, with manual up and down + front and rear adjustment functions, to ensure that the driver is in control. The 15.5-inch large central control screen is a highlight of the interior. It integrates multimedia systems, navigation, telephone and air conditioning control functions, making it easy to operate and full of technology.

In terms of seats, the Hongqi EH7 uses a mix of imitation leather and leather/flip materials to provide a good touch and comfort. The main driver’s seat supports front and rear adjustment, backrest adjustment, high and low adjustment and 4-way waist support, as well as heating, ventilation and headrest speakers, which enhance the driver’s riding experience. The driver’s seat also has a power seat memory function, which is convenient for daily use. The passenger seat also supports front and rear adjustment, and the high and low adjustment is 2-way, providing passengers with a comprehensive comfortable space. The rear seat supports proportional reclining, further expanding storage space and practicality.

According to the information provided, the engine of the Hongqi EH7 has a strong power performance, with a maximum power of 253 kW and a torque output of 450 Nm. This parameter configuration ensures that the vehicle can provide sufficient power support during driving to meet the driver’s performance requirements.

In conclusion, the Hongqi EH7 has won the recognition of Autohome owners with its unique design and outstanding appearance. He pointed out that if the logo can be integrated with the five elements, it will further highlight its identity as a new energy source and attract more pedestrians’ admiration. In actual use, car owners are full of praise for its appearance, saying that this is a new model worth looking forward to on the market. Whether in daily driving or in communication with friends, the beauty and charm of the EH7 have become a hot topic of discussion.

The 17 Mexican Cayenne 3.6L platinum version is replaced with a horizontal led group. Still simple, smooth, and continues to follow the tradition. The 2017 Cayenne is slimmer and more sporty. The front face reveals the obvious sporty genes of this model series.

Configuration: Platinum version (dynamic lighting, same color wheel eyebrows, 20 inch sub-black, automatic light change, black high-gloss interior components, 8-way electric suede, BOSE audio, headrest shield badge), black, luxury enhanced package (comfortable light package, front and rear, with upgraded version of dynamic lighting system, keyless entry/start, rear window electric sunshade, 14-way electric seat, front, lane change assist), compass

17 Cayenne models, with a bit of non-mainstream temperament and rich charm. Delicate matte metal trim, a large area of cross-cutting on the center console, and extends into trim. The design of the center console is very layered, the ergonomic design is very scientific, and the buttons and rods are very easy to use., Compass and other optional configurations cater to the needs of some consumers to pursue individuality.

When you sit in the car, you will forget that it is one, and many have been transplanted without reservation. Three-ring, three-frame multi-function steering wheel, 10 sound system, all equipment is interpreted in style. The Cayenne is equipped with a variety of advanced configurations, cruise system, BOSE sound, full, sports, and optional electric.

The power of the Cayenne GTS comes from a 3.6-liter, 440, 600Nm with a double, an increase of 20 over the old model and an increase of 85Nm. In addition, an optional timing kit is available to achieve 0-100 km/h 5.2 seconds or 5.1 seconds, and a top speed of 262 km/h.

The Cayenne is better than performance and has a sense of fashion and sports. When running at high speed, it reduces height to increase stability; when leaving the paved road, it rises to improve passability. Although the 17 Cayenne is, it inevitably has many characteristics. Therefore, it has become the fastest in the world and one of the "chili" in the off-road world. And its off-road ability is indeed like a hot chili, attracting people’s attention.

Company Name: Baofeng Luchi International Trade Co., Ltd.

Details consultation hotline (micro): Manager Zhai 18526585485

Company address: Pacific International City, Hong Kong Free Trade Zone