Big news in Country Garden! Sell 3.8 billion assets in large quantities, sell hotels and office buildings first instead of houses! What’s the meaning behind it?

In order to revitalize its assets, Country Garden took the lead in selling commercial assets instead of transferring its residential development projects. In today’s market, high-quality commercial assets are easier to cash out. In the past, commercial assets that were considered to be "difficult to get rid of and heavy on assets" may have better liquidity than residential projects.

With the continuous injection of favorable financial policies for real estate, the news of large-scale commercial assets transactions frequently spread in the domestic real estate M&A market, and selling commercial assets has become an important strategy to revitalize the stock of head housing enterprises. After Vanke set up the business department, will Country Garden take a new step?

Source: New Fortune Magazine (ID: xcf Plus)

Author: Du Dongdong

After Wanda Group’s sale of 10 wanda plaza attracted attention, the news of Country Garden (02007.HK) selling assets was screened.

On the evening of January 22, 2024, Country Garden listed on the Guangzhou Property Rights Exchange and transferred a number of assets, including hotels, office buildings, commercial properties, office buildings, apartment buildings, etc. The total price of assets to be transferred was 3.818 billion yuan.

Since the first debt default in August, 2023, the management of Country Garden has repeatedly stated that it wants to "sell iron" to save itself, from cutting administrative expenses by nearly 60%, shrinking the number of regional companies to 21, selling private jets to Yang Guoqiang, reducing the salary of "working emperor" Mo Bin to 10,000 yuan per month, and even auctioning off the car for senior executives to pay off debts. In order to reverse the predicament, "Cosmic Housing Enterprises" can be described as all kinds of "vicious tricks".

Like most real estate enterprises in danger, Country Garden has inevitably embarked on the road of selling assets to pay off debts, from selling its equity in the Guangzhou Asian Games Town project to transferring the equity of Wanda Commercial Management at a loss, and now it has announced the sale of 3.818 billion yuan of commercial assets in Guangzhou, which is naturally reasonable.

However, as a typical residential real estate developer, Country Garden’s revitalized assets come first with commercial assets, which still surprises many people.

01. First-line commercial assets are put on the "shelf" first.

At the 2024 annual working meeting held on January 15th, Yang Huiyan, Chairman of the Board of Directors of Country Garden Group, once again stressed that "the family must share the fate with the company" and "we are trying our best to revitalize our assets".

The listing and sale of five asset packages in Guangzhou this time shows that Country Garden’s asset revitalization has taken an important step.

According to public information, these five asset packages specifically include: Phoenix Hotel in Zengcheng District, with a price of 1.26 billion yuan, and the highest listing transfer price; Followed by the office building project of Canglongfu in Country Garden, Panyu District, with a price of 1.152 billion yuan; The Grade A office building project of Country Garden Center in Zengcheng District is quoted at 772 million yuan, the Renhe apartment building in Baiyun District is quoted at 384 million yuan, and the AEON commercial property in Country Garden Phoenix City in Zengcheng District is quoted at 250 million yuan.

The highest priced Phoenix Hotel in Zengcheng District is the largest five-star landscape-themed hotel in eastern Guangzhou and one of the few first-tier city hotel projects in Country Garden. It was opened in 2003 and renovated in 2017, with a total of 573 luxury rooms. In addition to the hotel’s assets, Country Garden also sells high-quality office buildings, businesses, apartment buildings and other projects on the counter.

Overall, the quality of Country Garden’s assets on the shelves this time is good. This may be related to its situation.

According to iFind data, by the middle of 2023, Country Garden’s rights and interests attributable to its parent company had further shrunk from a high of 203.623 billion yuan in 2022 to 155.061 billion yuan, and its total liabilities remained at a high level of 1.36 trillion yuan. At the same time, the cash and cash equivalents in Country Garden’s account were 101.115 billion yuan, including 29.454 billion yuan in restricted deposits and cash, and 30.508 billion yuan in accounts receivable and bills in the same period; Short-term loans amounted to 108.703 billion yuan, and accounts payable and notes amounted to 202.237 billion yuan. Money is tight, and selling assets is imminent.

In order to get rid of the predicament, Country Garden has recently made drastic management changes, including merging regional companies, streamlining the structure, and the company’s management taking the initiative to reduce salaries to convey confidence to the market with a positive attitude. In addition to cutting expenses, speeding up the collection of sales payments and receivables, revitalizing large and difficult commercial precipitated assets has become another key measure.

Earlier in September, 2022, Country Garden sold its 26% equity and sales debt of Guangdong Property Rights Exchange Group Investment and Development Co., Ltd. to Jiumaojiu (09922.HK), a Hong Kong-listed catering company.

In August 2023, Country Garden sold 26.67% equity of Guangzhou Asian Games Town Project to China Shipping Real Estate for a total price of about 1.2915 billion yuan. After the acquisition, China Shipping Real Estate became a 100% shareholder of Guangzhou Asian Games Town.

In the same month, Country Garden issued 350 million shares to Jiantao Group (00148.HK), a company listed in Hong Kong stock market, and paid off its debt of HK$ 270 million in the form of "debt-to-equity swap". In the following December, Country Garden sold its stake in Zhuhai Wanda Commercial Management at a price of 3.069 billion yuan at a loss of 160 million yuan.

On January 18th, 2024, Country Garden Australia, an Australian subsidiary, sold part of the interest of Wilton Greens to Avantaus, a Chinese private developer, for about A $240 million (about RMB 1.13 billion).

Overall, including this asset sale, Country Garden has not sold many assets so far. As a typical residential real estate developer, Country Garden has invested in more than 3,103 real estate projects in China. Nowadays, in order to revitalize assets, almost all of them are commercial assets, not residential real estate.

According to public information, Country Garden Group’s commercial real estate business is mainly managed by Country Garden Business Travel.

Country Garden Business Travel originated from the business management department established by Country Garden in 2005. It is mainly responsible for undertaking the commercial assets generated in the development of residential business and is positioned to serve residential real estate. In 2018, Country Garden adjusted the commercial sector to the group headquarters, and established Country Garden Business Travel together.

Since 2021, Country Garden Business Travel has gradually focused its operations on shopping centers, and has operated 14 commercial product lines including Bile City, Bile Time, Bijia, Bile Town and Biying International. There are more than 60 group commercial projects under unified management and operation, covering four sectors of commerce, long-term rental, cultural travel and office buildings, and several commercial complexes have been built in cities such as Guangzhou and Shenzhen.

According to the data, in 2022, the total construction area of Country Garden Business Travel Project reached 1.13 million square meters, and it landed in 24 cities in 14 provinces across the country. According to the 2023 interim report, the operating income of Country Garden’s property investment and hotel management sector was 2.234 billion yuan, accounting for 0.98% of the total operating income of 226.309 billion yuan, and the asset scale of this sector was not disclosed.

In this asset sale, Country Garden’s "business first" strategy is not uncommon among housing enterprises.

02. Commercial assets are now easier to cash out.

Recently, the enthusiasm of domestic housing enterprises to revitalize their assets is getting higher and higher, and the intention of bringing their projects to the market and revitalizing existing assets to solve the difficulties is getting stronger and stronger. In the real estate M&A market, news of transactions of bulk commercial assets frequently came out, and more and more housing enterprises successfully cashed out.

Looking around the real estate industry, not only Country Garden, but also commercial assets are generally chosen to revitalize the assets of residential housing enterprises.

According to incomplete statistics, in the last three years, the real estate enterprises that sold assets, including at least 15 head real estate enterprises such as Shimao Group (00813.HK), Joy City (000031), OCT (Asia, 03366.HK) and Greenland Holdings (600606), sold projects with a scale of over 100 million yuan, all of which were commercial assets (Table 1).

In contrast, in the residential asset transfer market, except for ST Taihe (000732) and Jinke (000656), the remaining 26 residential developers have only changed hands sporadically.

Wind data shows that from 2021 to 2023, 112 residential related assets were sold by head housing enterprises, with a total transaction scale exceeding 130 billion yuan. In the same period, the transaction scale of commercial real estate projects with a scale of over 100 million yuan nationwide was 102.436 billion yuan, which was similar.

As we all know, the scale of domestic commercial real estate projects is much lower than that of residential real estate assets. In 2023, the national commercial housing sales reached 11.66 trillion yuan. In the same period, the national investment in commercial housing development exceeded 118 million yuan.

The comparison of the two data may reveal a reality-commercial assets that used to be considered as "difficult to get rid of and heavy on assets" are far easier to cash out now than residential development project assets. In other words, the liquidity of residential assets is much lower than that of commercial assets.

Theoretically speaking, superior and high-quality properties in first-and second-tier cities are often easy to directly face C-end sales and withdraw funds without being pushed to the bulk M&A market; Instead of first-and second-tier residential real estate projects, under the background of weak market demand and generally sluggish sales, it is also difficult to transfer equity to B-end financial investment institutions and get cash.

By the first half of 2023, Country Garden’s contracted sales in third-and fourth-tier cities still accounted for 65%. From this point of view, the assets of Country Garden’s residential projects rarely move, but there are difficulties behind putting commercial assets projects on the "counter" first.

Judging from the market transaction cases, domestic commercial offices, industrial logistics, industrial parks, rental housing and consumer infrastructure and other investment real estate have obtained capital bargain-hunting. These commercial projects located in prime locations of first-tier cities such as Beijing and Shanghai are actually assets under pressure and have strong appreciation space. Choosing to start when the market sentiment is depressed and the real estate price is down has a high risk-return ratio for investors.

Therefore, Country Garden takes the lead in selling high-quality office buildings, businesses, apartment buildings and other projects in Guangzhou, and it is relatively easier to get the attention of bargain-hunting capital.

03, the breakthrough of housing enterprises to revitalize assets

The warming of commercial assets transactions may be related to the rapid promotion of real estate financial policies in recent years.

Since 2023, the national ministries and commissions have successively issued the Notice on Standardizing and Recommending Real Estate Investment Trust Funds (REITs) Projects in Infrastructure, and the Notice on Further Promoting the Normalized Issuance of REITs in Infrastructure, among which it is clearly stated that priority should be given to supporting urban and rural commercial network projects such as department stores, shopping centers and farmers’ markets, so as to guarantee the basic livelihood of community commercial projects to issue infrastructure REITs.

On October 20th, 2023, China Securities Regulatory Commission issued the Decision on Amending Article 50 of the Guidelines for Public Offering of Infrastructure Securities Investment Funds (Trial), which expanded the types of pilot assets of publicly offered REITs to consumer infrastructure. At the end of the month, the first batch of four consumer infrastructure REITs were approved.

The gradual expansion of the pilot scope of public offering REITs and the launch of real estate private equity investment funds not only mean that the closed loop of real estate finance in China is gradually taking shape, but also inject a great benefit into activating domestic stock assets.

Public offering of REITs is the most critical part of the commercial real estate cycle. Investors have a higher chance to realize the profit exit of the project through REITs or asset securitization, which is the logic of the bargain-hunting capital giving priority to investing in high-quality commercial real estate projects.

Standing in the current deeply adjusted real estate environment, housing enterprises are generally eager to cash out funds to tide over difficulties, and the revitalization of existing commercial assets has become one of the important strategies to promote housing enterprises to get rid of difficulties. Furthermore, the scale and proportion of commercial assets owned by real estate enterprises may affect the speed of revitalizing their existing assets.

After testing the consumption of REITs, on January 14th, 2024, Vanke released the organizational adjustment and personnel arrangement, set up a business division, and unified the commercial business of seven regions and Yinli Group into it, thus raising the development of its commercial real estate to a new height.

After the sale of Guangzhou commercial assets package, Country Garden still has many commercial projects in hand. Will it take a new step to revitalize related assets? We will wait and see.

Any information and information mentioned in this article is only the expression of the author’s personal views or the statement of specific events, and does not constitute recommendation and investment advice, and does not represent the position of the society. Investors should bear the risks and consequences of investing accordingly.

The 10th Flower Expo will open in Chongming, Shanghai on the 21st, and the ticketing and transportation arrangements will be announced.

At the press conference of the 10th China Flower Expo, Liu Dongsheng, deputy director of the State Forestry and Grassland Bureau, introduced the development of the national flower industry and the situation of the Expo, Tang Zhiping, deputy mayor of Shanghai, introduced the preparation and guarantee of the Expo, and Zhao Liangping, vice president of the China Flower Association, introduced the organization and participation of the Expo. Zhang Wei, Director of Ecology Department of State Forestry and Grassland Bureau, Cai Jun, First-class Inspector of Shanghai Municipal Transportation Commission, Li Zheng, Secretary of Chongming District Committee, Mingfang, Chairman of Guangming Food Group, and Zhang Hao, Deputy Director of Municipal Health and Wellness Commission, attended the press conference to answer questions from reporters.

The first national flower festival held on the island, in the countryside and in the forest.

The preparations for the 10th China Flower Expo are progressing smoothly, and the construction of the exhibition garden and the layout of the exhibition area have been basically completed, which is ready for the opening. According to the plan, the 10th Flower Expo will be held in Chongming District, Shanghai from May 21st to July 2nd, 2021.

The pictures in this article are all "Shanghai Publishing" WeChat public maps.

China Flower Expo is a national-level flower event co-sponsored by National Forestry and Grassland Administration, China Flower Association and the provincial people’s government, which is held every four years. Since 1987, it has been successfully held in Beijing, Shanghai, Shunde, Guangdong, Wenjiang, Sichuan, Qingzhou, Shandong, Changzhou, Jiangsu, Yinchuan, Ningxia and other places, creating a number of unique flower tourist attractions and mass leisure places. With distinctive theme, rich exhibition contents and colorful activities, the Flower Expo leads the new and excellent varieties of flowers, technical achievements and indoor and outdoor landscape trends, promotes the exchange and cooperation of the flower industry, and promotes the development of the whole industrial chain of flower research and development, production, processing, packaging, logistics and trading, which is of great significance for guiding the public flower consumption, spreading and popularizing flower culture, accelerating the development process of modern flower industry in China and promoting the economic and social progress of the host city.

Since the reform and opening up, China’s flower industry has made great progress, and is now changing from high-speed development to high-quality development. By the end of 2020, China’s flower planting area has reached more than 1.5 million hectares and its annual sales have reached more than 250 billion yuan, making it the world’s largest flower production base, an important flower consumption country and a flower import and export trade country. The flower market is becoming more and more mature, the industrial chain is becoming more and more perfect, the ability of scientific and technological innovation is continuously enhanced, the flower culture is vigorously promoted, and the role of flower industry in beautiful China and ecological civilization construction is increasingly prominent, which has become an important pillar of urban and rural economy in many places. By vigorously developing the flower industry, it has played an important role in greening and beautifying the environment, promoting the implementation of rural revitalization strategy, promoting the income of urban and rural residents, improving people’s quality of life, and guiding civilized consumption and green life.

The 10th Flower Expo is the first national flower event held on islands, villages and forests. It is a flower event in which all provinces, autonomous regions, municipalities, Hong Kong, Macao and Taiwan regions participate, with the largest number of outdoor gardens and the most enthusiastic participation of foreign cities; It is a flower event that uses flowers as a medium to spread the positive energy of beautiful flowers, promote the concept of green development and promote red culture; It is a grand gathering that pays special attention to ecological protection, insists on Excellence, insists on scientific and technological innovation, and insists on letting a hundred flowers blossom.

Highlights of Flower Expo "Spoiler"

Shanghai adheres to the concept of "ecology, innovation, diligence, honesty and safety" and makes great efforts to promote the preparations for the Expo. At present, the construction of venues, seedlings in public areas and supporting facilities in Dongping town in Huabo Park has been fully completed, and the exhibition tasks of indoor and outdoor exhibition halls have been completed one after another. Each exhibitor is making the final arrangement of flowers; Security, transportation, communication, emergency, city appearance, volunteers and other teams have all settled in the park; Chongming is widely mobilized in the whole region to carry out the activities of "welcoming flowers, managing five sheds and beautiful environment", and will welcome guests from all directions with the beautiful "Flower Island on the Sea".

Pressure test situation

Huabo Garden consists of North Garden and South Garden. On March 24th, Nanyuan started the stress test by holding the Flower Festival. On April 10th, the no-load test of Beiyuan was started. On April 27th, the first small load test of Huabo North Park was completed, and nearly 20,000 tourists were organized to enter the park. On May 7th, the stress test of the integration of North and South Park was completed, and nearly 50,000 tourists were organized to enter the park. On May 12, 15 and 16, the park will carry out three campus-wide stress tests to optimize and improve various operational details to ensure the safe and orderly formal operation.

Opening ceremony activities

The opening ceremony of this year’s Flower Expo will be held on May 21st. The opening ceremony marks that after more than three years of careful preparation and construction, Huabo Park is officially open to tourists. At that time, guests from all walks of life are welcome to gather in Huabo Park to participate in the flower event.

Ticket sales

Tickets for the Flower Expo have been officially pre-sold on May 1st. Tickets can be purchased through official channels such as the bidding APP, APPlet, Shanghai Chongming app, offline travel agencies, or by calling the official service hotline (400-100-0701). Older people over 60 years old, students in school, active servicemen, key entitled groups, firefighters, disabled people, etc. can enjoy preferential ticket purchase policies.

The ticket details of the Flower Expo can be found here!

epidemic prevention and control

According to the overall deployment of the city’s epidemic prevention and control, up to now, the vaccination rate of relevant personnel involved in the operation, management and service of the Flower Expo in COVID-19 has reached 99.53%. We will work out an epidemic prevention and control plan and implement various epidemic prevention and control measures in strict accordance with the requirements of normalization control.

Traffic travel

During the Expo, everyone will be encouraged to travel in a green and intensive way and visit the garden in groups. The city will set up 7 Expo lines at Wuzhou Avenue Hub, Longyang Road Hub and other places, and set up 10 customized passenger lines at Hongqiao Hub and People’s Square, adding 2 special land and water transport lines. After booking tickets online, tourists can determine the mode of travel according to the system prompts, and give priority to intensive transportation modes such as Huabo Special Line and Land-Water Intermodal Line. If tourists choose to watch the exhibition by car, they need to make an appointment for parking around the park in advance. In principle, they cannot enter the core area of Huabo Park without an appointment. I hope you will understand and cooperate.

Accommodation security

This year’s Flower Expo will arrange wonderful night activities such as drone performances and float parades. Therefore, it is hoped that more tourists can live in Chongming and deeply appreciate the beautiful fragrance of Huabo Garden and the development achievements of eco-island construction. Chongming is a national-level global tourism demonstration zone. After two years of upgrading, expansion and capacity enhancement, there are currently 293 hotels, 988 homestays and 26 temporary accommodation facilities in Chongming Island, which can provide 43,000 beds to meet the personalized accommodation needs of tourists from all walks of life.

Park catering service

The total number of seats in Huabo Garden is nearly 9,000, mainly fast food. The main service points of Beiyuan are Huaqitang, Waterfront Tea Room and Food Plaza, which provide Chinese food, Western fast food, Shanghai flavor and Chongming characteristics. The main service points of Nanyuan Park are Jinhu Tiandi, barbecue campsite and RV camp. A number of temporary catering facilities, convenience stores, 18 mobile dining cars and vending machines will be set up in the park to meet the catering needs of tourists and provide convenient catering services.

Service facilities and security

Huabo Park adheres to the principle of taking tourists as the center, and is equipped with fully functional, reasonable layout and efficient operation and service facilities. There are 17 primary, secondary and tertiary service points in the park, equipped with hotline, broadcasting and other services; Equipped with nearly 25,000 public seats, and equipped with a certain number of sunshade and rain shelter facilities and sanitary toilets; There are 4 medical stations, 8 temporary observation points and 4 ambulances. In addition, intelligent security equipment has been installed in all open areas and parking lots in the park, and there are two helicopter emergency take-off and landing points around the park, equipped with three police aviation helicopters, to achieve full coverage of civil air defense and technical defense in the park, and the emergency response is fast and powerful.

Cultural activity planning

During the Flower Expo, more than 300 cultural activities will be held around the two elements of flowers and party building, including opening and closing ceremonies, theme series activities to commemorate the 100th anniversary of the founding of the Party, and evening performances. Various theme activities organized by exhibitors such as provincial and municipal flower associations and their branches, domestic and foreign exhibitors and sponsors; And online activities such as live broadcast, cloud travel, cloud purchase and competition.

Ambassador of public welfare image

Mr. Liao Changyong and Ms. Wu Minxia have been formally invited to be ambassadors of public welfare image at this Flower Expo. Liao Changyong is the singer of the theme song "Chinese Dream in Flowers" of the Flower Expo; Wu Minxia is a famous diver, the first female Olympic "hardware" champion in China history, and has won 20 world-class gold medals and 32 medals.

What are the highlights of "One Heart, One Axis, Six Pavilions and Six Gardens"

The 10th China Flower Expo Park consists of North Garden and South Garden, with a total area of 589 hectares. The overall planning of Huabo Garden adheres to the design concept of respecting the natural texture and maintaining the ecological base and pastoral style. Focusing on the theme of "Flower Chinese Dream" of Huabo Expo, it highlights the flower elements in all directions, makes every effort to create a flower culture atmosphere, and actively uses new technologies and new processes of ecological protection to strive to create a Huabo Garden with the characteristics of the Expo and the characteristics of the times and regions.

The overall planning layout is "one heart, one axis, six pavilions and six gardens", which shows the atmospheric pattern of "blooming flowers and shining China". "One Heart" is the core area of "Garden of Dreams", with peony flowers as the composition element, and through the flower sea, flower diameter, Huaxi and Huagu, the beautiful landscape of Huabo Garden with "peony blooming and welcoming the prosperous times" is created as a whole; The "first axis" is the flower Expo axis, connecting Nanyuan, Yingbin Square, Century Pavilion, Fuxing Square, Fuxing Pavilion and Dongping Town, and arranging flower beds, flower galleries, flower bridges and styles along the line; The "six pavilions" are Fuxing Pavilion, Century Pavilion, Bamboo and Rattan Pavilion, Baihua Pavilion, Flower Art Pavilion and Huaqitang. Six exhibition gardens, namely Magnolia, Plum Blossom, Chrysanthemum, Orchid, Lotus and Bamboo Garden, have been built in the park, focusing on displaying the traditional precious flowers in China and promoting the flower culture in China.

The main exhibition area of Huabo Garden is divided into indoor exhibition area and outdoor exhibition area. The outdoor garden is divided into east and west areas. The eastern area is an outdoor exhibition garden in various provinces (autonomous regions and municipalities), Shenzhen, Hong Kong, Macao and Taiwan. The west area is the branch garden of China Flower Association, the international friendship city garden, the international designer garden, the Chinese and foreign flower enterprise garden, the international hundred excellent new product garden, the vegetable garden, the enterprise name garden and so on.

Provinces (autonomous regions and municipalities), branches of China Flower Association and relevant cities and enterprises actively participated in the exhibition, with 189 exhibitors, the largest number of exhibitors in previous flower fairs. 180 outdoor exhibition gardens will be built, including 35 in various provinces (autonomous regions and municipalities), Shenzhen, Hong Kong, Macao and Taiwan, 10 in branches of China Flower Association, 14 in named enterprise gardens, 20 in flower enterprises participating in flower gardening, landscaping and other enterprises and organizations, 12 in national sister cities, 10 in international designer gardens, 30 in citizen gardens, and 4 in characteristic flower gardens.

At this year’s Flower Expo, 64 indoor exhibition areas were built in various provinces (autonomous regions and municipalities), Shenzhen, Hong Kong, Macao and Taiwan, branches of Flower Association and related enterprises and units, focusing on displaying unique flower varieties with local characteristics, main flower products and new flower varieties, new technologies and new products created through scientific and technological research. More than 20,000 exhibits will be displayed in the indoor exhibition area, and nearly 1,000 new flower varieties will appear on the stage. Among them. There are 72 new flower varieties independently developed in Beijing and 63 new flower varieties in Shanghai.

Ask about the new car planning in 2025. Ask about the delivery price of M8 in the first quarter of 350,000-450,000.

A few days ago, we obtained the internal planning of the suspected border from relevant channels. The border will launch the M8 in 2025, which is expected to be delivered in the first quarter of next year, and the price is between 350,000 and 450,000. The revised version of Questionnaires M5 and M7 will be developed on the platform of Seles Rubik’s Cube.

At present, the M8 is in a strict camouflage state, and it is likely to adopt a family-style design style. It is different from the M9 in some details, and the vehicle design is still a stable style. With a length of more than 5 meters and a wheelbase of more than 3 meters, it will provide spacious seating space. Compared with the M9, the tail shape will be tougher, and it is not ruled out that the through taillight design will continue to be adopted. The lines of the tailgate are very angular, which enhances the sense of strength of the whole vehicle. The new car will be equipped with Huawei Gankun ADS 3.0 advanced intelligent driving system, air suspension and CDC variable damping shock absorber. The extended range version adopts pure electric drive extended range platform 4.0, and the pure electric version adopts 800V high-voltage silicon carbide platform.

The redesigned M5 and M7 will adopt a brand-new family design style, and the price of the high-end models of the M7 will continue to go up, connecting with the M8. The price of M5 will be further lowered, which is out of step with M7.

Russian drama "anna karenine" unveiled the 2019 Beijing International Youth Drama Festival.

Russian drama "anna karenine" unveiled the 2019 Beijing International Youth Drama Festival.

Still photos of the drama "anna karenine" of the Baltic House Theatre Du Yang photo

  BEIJING, Beijing, November 2 (Reporter Ying Ni) The drama "anna karenine" of the Russian Baltic House Theatre was staged at the National Theatre on the evening of the 1st, which opened the curtain for the 2019 Beijing International Youth Theatre Festival. During the two-month drama festival, 21 works from China, Russian, French, Lithuanian, Belgian and Brazilian will be presented to the audience.

  The opening drama anna karenine, adapted from lev tolstoy’s novel of the same name, tells the love tragedy of anna karenine, a self-seeking woman, with the background of czarist Russia in the second half of the 19th century. It was directed by Russian people’s artist Aleksandr Galibin, and won the highest theater prize of "Golden Sky Award" in St Petersburg.

Still photos of the drama "anna karenine" of the Baltic House Theatre Du Yang photo

  Among other foreign plays, Lithuanian’s Under the Ice, Under the Ice mocked the poverty of culture and the absurdity of consumerism with 1000 plastic water bottles and fragmented music and video pictures. Belgium’s "forgotten to dust" is based on the Chernobyl accident, which comforts the lost soul with puppet poetry; Brazil’s "The Fury" uses 1500 books and natural light to interpret the growing and almost crazy turbulent emotions; Back to the beginning in France uses hip-hop dance to interpret Michelangelo’s Genesis as a "flowing mural" in the theater.

  In domestic plays, Hamlet by Li Yao sets the stage on the ruins and reproduces Shakespeare’s tragedy in the form of experiments. Gao Xiaoqin’s Diary of a Seducer interprets the works of the same name by the existentialist philosopher Kierkegaard in the form of sound and body. Su Xiaogang’s "Mao Se" is adapted from the works of the German poet Heiner Miller, asking the proposition of "who is human"; Gu Min-wen’s Lemming is adapted from the script of Japanese poet shuji terayama to piece together an exciting and enthusiastic strange world. Peng Jiarong’s Where is Mickey? describes the absurd and bizarre family life in modern urban society. The "City" of the company with good symbiosis shows the behavior, thoughts and feelings of the little people living in Guangzhou through dance.

Still photos of the drama "anna karenine" of the Baltic House Theatre Du Yang photo

  The unit "Through to avignon" includes eight works: A Doll’s House, The World is a Wandering Rabbit, Bonzi Tiger Chicken, An Experience Report on the National Happiness Index, 18th Floor, Group Age, Sleeping Beauty Awakens from a Dream, and We 2s: Labor Exchange Market. In addition, shorthand creative workshops, script reading, 48-hour V drama and other related activities will be held during the drama festival.

Meng Jinghui (second from right), artistic director and director of the Beijing International Youth Drama Festival, won the highest prize in the Baltic House International Drama Festival.

  Before the live performance on the evening of the 1st, Sergey Schuber, director of the Baltic House Theatre in St. Petersburg, also presented the highest prize of the Baltic House International Drama Festival to director Meng Jinghui. In October, the Meng Jinghui version of Teahouse was officially invited by the Baltic House International Drama Festival to perform as the opening drama in St. Petersburg.

Bo Huang producer "Calm" exposed poster Zhang Yu Song Jia’s eyes have a play

1905 movie network news The film directed by Li Xiaofeng and produced by Bo Huang was recently released in Pingtan, Fujian. On July 17th, the film exposed a group of starring stills, and the starring lineup composed of powerful actors such as Zhang Yu, Song Jia, Yanhui Wang, Hong Chi Lee, Ancy, Chen Jin, Zhou Zhengjie and Gao Yuhang was first exposed. From the producer to the all-powerful cast of actors, the appearance of "Calm Down" has aroused strong concern and expectation from fans.


With successive wonderful performances, actor Zhang Yu made a blockbuster after his hibernation last year. Bo Huang, who is well-known for his acting skills, directed barrel shooting at the beginning of last year, which was also a great success. This time, the two cooperated "cross-border" in Li Xiaofeng’s new film "Calm Down", with a leading role in front of the stage and a behind-the-scenes producer, which became the "double insurance" of film quality. Together with Song Jia, Yanhui Wang, Hong Chi Lee and Chen Jin, all of them are acting guarantees. The film was officially announced for the first time, and both "quality sense" and "trust" were bursting.


Li Xiaofeng harvests the "double insurance" strength combination in front of and behind Bo Huang Zhangyu, and then welcomes the new challenge. 


Last year, Bo Huang’s directorial debut, The Island, was released, which won a win-win reputation at the box office. This year, he joined the film "Calm Down" as a new producer. It is reported that this film is also one of the works of Bo Huang’s "HB+U New Director Assistance Plan". Director Li Xiaofeng, who has already made two feature films, has been rewarded by Bo Huang’s producer, and Bo Huang, the producer of the script stage, has been deeply involved and put forward his own suggestions in important links such as story direction and character setting. As soon as the play starring himself was finished, Bo Huang flew to the crew of "Calm Down" on an early flight to "give advice" on the set, and worked hard as a producer.


Zhang Yu, first hero of the film, experienced a year of "opening" last year because of Dying to Survive, Nobody and other masterpieces. His acting skills were recognized and he was praised as "seeing Zhang Yu’s name is like seeing the quality inspection stamp of the film". After successively "betting" on two directors, Muye Wen and Rao Xiaozhi, the hot Zhang Yu chose to cooperate with director Li Xiaofeng after settling down. He admitted that he read the script in one breath and was "attracted by the role and theme expression", and decided to act the next day. This time, he will play a different role that is both introverted and explosive, which is also a new challenge he gave himself.

Calm down, Zhang Yu

Being able to get Bo Huang and Zhang Yu to join us at the same time and let them cooperate "across the border" in "Calm Down", director Li Xiaofeng relies on a solid script story. Previously, Li Xiaofeng had been shortlisted for several international film festivals with his films and Pursuit. Calm is his third feature film, which tells the story of how a person chooses and redeems himself in the face of the pressure and betrayal of life. In this suspenseful new story, Li Xiaofeng hopes to give the film "strong emotional penetration" and become a "movie with wonderful narrative, powerful core, empathy with the audience and touching people’s hearts".


Song Jia, Yanhui Wang, Hong Chi Lee, the all-powerful lineup, the acting skills "exceeded the standard", and the dark tide surged behind the calm.


A group of starring stills released at the same time with the news of the killing show us the full strength of the film’s creative lineup for the first time. The black-and-white background color forms a strong visual contrast with the red title, which catches people’s eyes. Looking at Zhang Yu’s role, it can be called changeable, with juvenile paranoia and helplessness at the bottom. This new work has a slightly wrinkled eyebrow, a closed mouth and silent tears, and instantly sees the restraint of an adult. In addition, Song Jia’s gaze, Yanhui Wang’s question and Hong Chi Lee’s hesitation … … Full of emotions poured out in an instant, saying that it was calm, but at the moment it was surging. It is rare to see such an all-acting lineup in domestic films. At first glance, it is full of shock, and then it is full of aftertaste, which also gives us more "trust" in the quality of the film "Calm".

"Calm" Song Jia

In addition to Zhang Yu, other starring roles continue to contribute high-quality roles. Song Jia played the leading role in a film released not long ago, and successfully created a tragic character. And let more people see the acting skills of young actors like Hong Chi Lee and Ancy, who are the leaders of their peers. It is worth mentioning that "Calm Down" is the third cooperation between Yanhui Wang and Zhang Yu after Dying to Survive and "Nobody". Two good actors in appreciate each other are entangled in the father-son relationship, and this time they finally have enough addiction to each other. When the era of traffic gradually passed, the acting school was more and more recognized, and this group can be called the most expressive and expressive lineup in Chinese movies this year.


"Calm Down" was recently released in Pingtan, Fujian. The film is directed by Li Xiaofeng, produced by Bo Huang, and co-starred by Zhang Yu, Song Jia, Yanhui Wang, Hong Chi Lee, Ancy, Chen Jin, Zhou Zhengjie and Gao Yuhang.

A Typical Family Car: A Historical Review of Mazda 3 Car Series

  [Car history] Although the car is not a large-scale manufacturer among Japanese brands, its unique car-making style has never lost to other big manufacturers. In this article, we will introduce one of the most important models of Mazda brand-although the familiar Mazda 3 came out in 2003, it can be said that the history of this car dates back to 1963. Now, let’s learn about the predecessor model of Mazda 3 in the first part.

Home of the car

● The first generation of Familia(1963 -1968)

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  Japanese car companies usually divide the same model into different names according to different countries. For example, Mazda 3 is called Axela and Atenza in Japan, while Mazda 3′ s ancestor model is called Familia, and later it is known as 323. In the early 1960s, Japan’s economy began to rise and develop. At this time, Mazda also began to develop rapidly, and introduced the ——R360, the cheapest car in Japan at that time (the sales volume beat the first 360).

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  The R360 was a great success after it went on the market, and then Mazda began to develop larger models for the Japanese market. In 1961, Mazda brought the newly developed MAZDA ALuce 1000 to the exhibition, which was the prototype of Familia. Familia is Spanish and has the same meaning as English Family. In 1963, the first generation of Mazda Familia came out, and the first model was actually a two-door VAN. (Note: VAN and Wagon are not the same model)

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  The first Mazda Familia car was equipped with a four-cylinder with a displacement of 782cc, so it was called 800. At that time, car companies often used the displacement as the name. What is important is that the exterior design of the car was handed over to the Italian automobile design company, which was completed by a famous designer and immediately became a commercial success after listing. Although Familia 800 Van is a two-door design, due to the model, the spacious trunk and rear space in the car were quite impressive in that year, making it an excellent family car.

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  In the second year after listing, Mazda immediately released the Familia four-door version of the car. Compared with the first van version, the whole car turned into a car, which looks like no contradiction. The body size of 3700×1465×1385(mm), 2190mm, also became a very standard sedan in that year. In terms of power, it is equipped with a 0.8L four-cylinder naturally aspirated engine, with a maximum horsepower of 42 HP and a peak value of 59 Nm. With four speeds, the maximum speed can reach 115 km/h. Such a set of data can fully meet the market demand in the 1960s.

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   Familia sedan has sofa-like integrated seats in the front and rear, chrome-plated rims with white edges and chrome-plated bumpers in the front and rear, which makes this Japanese family car with small size quite like an American car. Two-door models are listed at a time interval of one month. Now it seems that the practice of Japanese cars launching two-door and four-door versions on the same model has already appeared a long time ago, so that diversified cars may also meet different needs of consumers.

Home of the car

  In 1965, Mazda first upgraded Familia’s 0.8L displacement engine, with an increase of 3 horsepower and a slight increase in torque. At the same time, a new 1.0L displacement engine was introduced to cope with their competitors. The 1.0L engine, which was first installed on two-door models, has a maximum power of 58 HP, a peak torque of 77 Nm and a top speed of 135 km/h.. In 1967, the 1.0L four-door sedan went on the market, and a two-door model was also introduced. As of February 1968, the first generation of Mazda Familia was officially discontinued. During its sales period, its annual output exceeded 10,000 vehicles for several years, and it once became the main model of Mazda brand.

● The second generation Familia(1967 -1977)

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  In 1967, the second-generation Mazda Familia appeared at the Tokyo Auto Show in Japan, and the appearance of the vehicle changed a little. The front part of the vehicle changed from the previous generation of "four-eye" round lights to square headlights, and the redesigned banner-type front middle net looked simple and neat. If it is put now, it will be a standard modified unmarked middle net (joking). The waistline of the side of the car body is adjusted to the lower wheel eyebrows at the height of the door handle, and the overall center of gravity of the vehicle looks lower. Replacing the brand-new rear taillights is much more refined than the first generation models, which improves the appearance grade of the vehicle, and the wheels still continue the collocation of tire white rings and chrome-plated wheels.

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  The second-generation Familia, which just went on the market, used the 1.0L engine of the previous model in power. In 1968, two engines with 1.2L displacement and 1.3L displacement were introduced one after another. In addition, there is another very important thing: in the early 1960s, Mazda introduced technology from Germany, and the company specially set up a "rotor 47 strong man" team to develop this special engine. Mazda matched the rotor engine to the second generation Familia, making this car the second Mazda model equipped with a rotor engine.

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  The Familia model equipped with a rotary engine is called "Familia Rotary" in Japan, and the export version is called "Mazda R100". The 1.0L engine of this car code 10A is designed with two rotors, with a maximum power of 100 HP and a peak torque of 125 Nm, which is the first rotary engine developed by Mazda. At that time, this "Familia Rotary Coupe" was very advantageous in Japan, because it had nearly twice the power compared with the model equipped with the same displacement engine, that is, the piston engine model with the same power needed to be equipped with a larger displacement engine and pay higher taxes.

Home of the car

  Familia, a family car with a rotary engine, has also been exported to the United States and other countries. After its success, Mazda began to participate in race activities with it. It won the race for the first time in the Singapore Grand Prix in 1969, and even more exaggerated, it won the fifth place in the 84-hour endurance race. In addition, I also participated in many different forms of competitions, which laid the foundation for Mazda to get good results in Le Mans. (The 787B racing car with rotary engine won the Le Mans championship for Mazda)

Home of the car

  Due to various unstable factors, the rotary engine was still unable to replace the traditional piston engine at that time. Finally, Familia was abandoned to use the rotary engine, and the main power units were the 1.2L engine with the maximum power of 58 horsepower and the 1.3L four-cylinder engine with 69 horsepower. In 1973, the second-generation Mazda Familia ushered in a change and renamed it "Familia Presto". The appearance of the changed model changed, with a wider body and a more luxurious appearance, but these changes were only for two-door and four-door cars, and the styles of travel trucks and pickup trucks remained unchanged.

Home of the car

  By 1977, the production of the second generation Familia was coming to an end. Mazda mainly adjusted the vehicle emissions before stopping production. Due to the restrictions of Japanese regulations, Familia no longer used 1.0L displacement engines, but mainly used 1.3L displacement engines. Finally, there was an episode in the second-generation Familia model. Korean cars bought the production license of the car from Mazda, renamed it "Kia Brisa", and slightly modified the appearance, and produced it from 1974 to 1981.

Nicholas Tse’s version of Bujingyun leads to laughter


Nicholas Tse walked the red carpet alone


  The popularity of "Kung Fu Panda" has once again plunged Chinese audiences into the contradiction of disappointment and expectation of domestic animation. Under such circumstances, the appearance of "The Story of the Wind and Cloud" on the 19th is undoubtedly timely. Yesterday, the film’s investors held a grand and ingenious premiere celebration in Shanghai Circus City, launching the national publicity offensive of "The Story of the Wind and Cloud" with a high profile. The film’s voice actors Nicholas Tse, Ren Xianqi, Tong Zirong, Han Xue, Jiang Xiaohan and others came to the scene to promote their "voice" animated film. Stars such as Patty Hou and Hero joined the film as guests.


  ■ Movies


  Story: Difficult to understand if you are not a "fan of the situation"


  The film is based on the classic comic "Wind and Cloud" by the famous Hong Kong cartoonist Mr. Ma Rongcheng. The story takes place between the first and second parts of "Wind and Cloud", and the new villain is added to tell the story of Wind, Cloud and Nameless to stop the ambition of arrogance and trigger the dramatic changes in the martial arts.


  The film is two hours long, from beginning to end, with a compact plot and first-class sound effects. But I don’t know if the screenwriters are too confident in the "mass base" of "Wind and Cloud" comics and film and television dramas. The plot of "Wind and Cloud" is jumping and the plot is not coherent. After the movie meeting yesterday afternoon, many reporters on the scene said they did not understand it. "I haven’t seen the Wind and Cloud series, and it took 30 minutes to figure out who the main characters in the film are with whom."


  The "Wind and Cloud" comic was imaginative, but in the animated film, it was not clearly displayed. For example, many reporters felt that they could not understand the process of Nie Feng’s infection with unicorn poison. As for the new villain, Pride, the audience was not disgusted. "There should be a decent villain in the cartoon itself. In the first movie, Xiongba died, and of course another one should come out. It can be seen that the adapters have also worked hard, but the character of Pride is too clear, which has diluted the personality of Feng and Yun a lot."

Defeating Wu Jing, Deng Chao, and Shen Teng, Yu Qian won the best male lead with "Teacher Good"


1905 movie network news  On the evening of December 22, the 11th "Macao International Film Festival" held an awards ceremony, and the film won the Golden Lotus Award for Best Actor in one fell swoop. The Macao International Film Festival was founded by the Macao Film and Television Media Association in 2009 to create a film carnival that world filmmakers and the general public participate in together. The red carpet ceremony that night was star-studded, and Yu attended the awards ceremony on behalf of the "Teacher · Good" crew in a traditional long gown. This year’s Macao International Film Festival is chaired by the national first-class actor Ge You, and the famous director Feng Xiaogang is the artistic director.

The Movie.Teacher · good"

Produced by Yu Qian and directed by Zhang Luan, starring Yu Qian, and starring young actors such as Tang Mengjia, Wang Guangyuan, Qin Mingyue, and Xu Zili, the film tells the story of Miao Wanqiu, a teacher played by Yu Qian, and a group of students with distinct personalities "fighting wits and bravery" in Nansuyi Middle School in 1985. Since its release, "Teacher Hao" has become a new "domestic dark horse" with the market performance ability of both box office and word-of-mouth. Countless audiences were moved to tears by the plot of the film. Finally, the counterattack reached the top and the box office was 353 million yuan.

Yu Qian delivered an acceptance speech

In addition to the high degree of completion of the film itself and the delicate emotional portrayal, the most commendable is the film’s absolute star Yu Qian. This time, Yu Qian was able to stand out from Wu Jing, Gu Tianle, Zhang Hanyu, Fan Wei, Deng Chao, Shen Teng and other acting and powerful male actors and won the Best Actor Award at the 11th Macao International Film Festival. It is necessary to mention his wonderful performance in "Teacher · Good". He turned from a gorgeous comedian to a gorgeous actor and picked up a lesson plan. Yu Qian successfully created a "domineering" Chinese teacher Miao Wanqiu that students love and hate. In order to present the image of Miao Wanqiu’s teacher from middle age to old age in front of the audience, Yu Qian needs to go through the preparation period of fake leather before applying makeup, inversion, fake leather molding, etc When it came to the actual shooting, the makeup application time was as long as 5 hours, and the shooting time coincided with the hottest period of the local weather. After the makeup was completed, he had to complete all the scenes in one go. Yu Qian wore makeup for several hours to shoot, and even the "fake skin" was not taken off during the break.

Under the stage of the awards ceremony

He won the Best Actor Award after being nominated for the first time, which shows that Yu Qian’s simple and natural performance not only moved the audience, but also won the unanimous recognition of professional judges inside and outside the industry, which can be said to be expected by everyone. Yu Qian said humbly in his acceptance speech: "In fact, I am accepting the award on behalf of all the teachers today, and I am able to get the affirmation of the organizing committee. This is not my own credit. I want to thank the director, the staff of the entire crew, and every teacher. Without their hard work, there would be no achievement today."

?

The film "Teacher · Good" won three nominations at the 11th Macao International Film Festival for Best Film Award, Best Screenplay Award, Best Actor Award and finally won the Best Actor Award. It is reported that the new film directed by "Teacher · Good" director Zhang Luan and starring actors such as Allen and Deiss is currently entering the post productin stage, and the film may be released to the audience in 2020.

"Invitation" once again returns to the "teacher-student relationship" that director Zhang Luan is good at. It tells the story of Ou Ye, a volunteer teacher, who faces a fragmented life and a situation where his talents are not met. For the sake of his own and his children’s dreams, he decides to set foot in the United States with the children of the country choir by chance and embarks on an ironic road trip.

Exquisite and ultra-thin, Zhuzhou Huawei Ascend P7 offers 2200 yuan

(Zhongguancun Online ChangshaJuly 31Quotes) HuaweiAscend P7The accessories of this machine are battery (built-in), charger, data cable, manual, warranty card, etc. Huawei Ascend P7It is a 4G with a new quad-core processor.Smartphone The machine is currently in the merchant.The quotation of "Zhuzhou Shangzhi Communication (installment payment) " is only 2200 yuan.… Friends who like it may wish to contact the merchant’s mobile phone:Cell phone: 18182067237 Mr. Huo

Dual SIM is more practical, Unicom 4G Huawei Ascend P7 is only 2580.
Pictured, Huawei Ascend P7

Huawei Ascend P7 front adopts a 5-inch full high definition display produced by JDI, with a resolution of 1920X1080 pixels FHD level, and the display effect is very delicate. The core has a 1.8GHz HiSilicon Kirin 910T quad-core processor, and2GB RAM + 16GB ROM memory combination, smooth operation based onAndroid 4.3 The Emotion UI 2.3 user interface of the system. There is a 1 on the back of the fuselage.3 million pixelsSony Super Lens, and its corresponding8 million pixelsUltra wide-angle front lens.

Dual SIM is more practical, Unicom 4G Huawei Ascend P7 is only 2580.
Pictured, Huawei Ascend P7

Editor’s comment:

Huawei Ascend P7 quoted a good price again. The machine as a whole also said that the recent price fluctuation is still relatively large, and the continuous decline has also made consumers have better expectations. And from the product side, the machine is still an absolutely high-quality smartphone, with a thickness of only 6.5mm, which is also the thinnest 4G smartphone at present. In addition, the machine also has the latest HiSilicon quad-core processor built in, which is more outstanding in performance.

[Reference quotation] 2200 yuan

[Business Name] Zhuzhou Shangzhi Communication (installment payment)

[Business Address] 1st Floor, Hanhua International, Jianshe South Road, Lusong District, Zhuzhou City (diagonally opposite Jiarunduo, Central Plaza)

[Contact] Mobile: 18182067237 Mr. Huo

[Online Q Q] 1839405141/1607926542

[Store URL]http://www.zol.com/shop_185141/


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(Zhongguancun Online Changsha Quotes on July 31) Huawei Ascend P7 The accessories of this machine are battery (built-in), charger, data cable, manual, warranty card, etc. Huawei Ascend P7 is a 4G smartphone with a new quad-core processor. At present, the price of this machine in the merchant "Zhuzhou Shangzhi Communication (installment payment) " is only 2200 yuan… Friends who like it may wish to contact the merchant’s mobile phone…

Bus storage, official taxi docking: market demand or continuation of privilege

According to CCTV coverage,Fuzhou Bus Taxi Co., Ltd. launched the first batch100car"Official taxi"While providing customized services for civil servants’ official vehicles, it can also provide services for civil servants’ family vehicles.

Fuzhou’s first batch of 100 "official taxis" hit the road, starting at 15 yuan for 3 kilometers

  According to reports, the first batch of 100 "official taxis" invested by Fuzhou Bus Taxi Company will be tailored to the different needs of each vehicle employer.Provide three service methods: real-time car use, conference service or medium and long-distance car use, and fixed-point guaranteeAmong them,Vehicles providing designated security services will be parked outside the Fuzhou Municipal Government Office Area on standby, for deployment. The price adopts the rental car billing standard, on-site settlement, and whoever uses it pays.

  Xiao Chen, a staff member of Fuzhou Bus Taxi Co., Ltd.:"We are nowWhat was sent was the 1.8T executive version of PassatBut for example, when a civil servant needs to travel on official business, when the car is urgently needed, the nearby vehicles are also allocated according to the company’s existing situation"

  The real-time car usage method is aimed at daily business trips, temporary meeting trips, etc. The car employer can make an appointment by calling a car and other methods. At8During the working hours, the electric call dispatching platform shunts the nearest car.30Arrive at the car location within minutes, and the starting price is based on the type of vehicle, the approximate rental time, and the distance.15Yuan, starting mileage3Kilometers.

  It is worth noting that in order to increase vehicle usage, this100car"Official taxi"In addition to providing official vehicle customization services for government departments and government agencies, it alsoIt can provide services for civil servants’ family cars, but the passengers must show their civil servant documents before they can take a ride. Civil servants who travel privately can enjoy a 20% discount"Only for civil servants, official vehicles have been cancelled to provide them with convenience. Before boarding, show us the certificate."

Fuzhou car reform office and taxi companies have responded

  As soon as this matter was reported, it immediately caused an uproar on the Internet. Many people wondered, isn’t the bus being reformed?"Official taxi"How did that happen?

  To this, the relevant departments responded –

The person in charge of the Vehicle Reform Office of the Fuzhou Development and Reform Commission:

The "official taxi" is a plan designed by the company itself, which is completely a market behavior, and the government does not participate. For "official taxis", Fuzhou City has not given any investment or subsidies, nor has it signed any cooperation agreement.

The public attention on the reform of public transportation is high, and enterprise innovation services should not be used as an opportunity to hype, let alone cause public misunderstanding.

Relevant person in charge of Fuzhou Bus Taxi Co., Ltd.:

The company believes that the civil service car market has great potential after the bus reform, and the "official taxi" launched this time is a business conduct aimed at exploring the market.

The "20% discount for civil servants" clause in the plan is a promotional method for enterprises to expand the market; "providing services for civil servants’ family cars" is also a way of publicity to expand the number of customers.

  On the streets of Fuzhou"Official taxi"There are only a few hundred of them, but they have earned the attention of the national media. The Internet is also filled with public concern."Official taxi"What causes anxiety? How can we rationally look at this new thing?

CCTV Comment: A Dialectical View of "Official Taxi"

"Official taxis" have exploratory significance

  For some time, the reform of buses has gradually deepened, and many places have been reforming buses"shift period"Try to reform the supporting system. In this context,"Official taxi"Going into people’s field of vision and trying to solve the problem of civil servants’ travel in a socialized way has certain exploration significance.

  This time, Fuzhou Bus Taxi Company launched"Official taxi"Service, if it is true as the Fuzhou Development and Reform Commission’s Vehicle Reform Office said, the government did not participate in the decision-making of the enterprise, and the government did not invest or subsidize it during operation. Then, it can be seen that the enterprise makes business decisions based on the judgment of the official travel market.


  In the process of comprehensively deepening reform, it is essential to properly handle the relationship between the government and the market.In many areas of reform, the government’s blanket model has gradually withdrawn, and enterprises have filled the vacuum through social services, which is a normal phenomenon in many cases.If only this time"The government belongs to the government, and the market belongs to the market."Perhaps people’s concerns are overblown.

"Official taxis" cannot be reduced to "privileged cars"

  Since it is"market behavior"Why has it aroused such high public concern and concern? In one sentence, it reveals the secret, that isPeople were worried that this was a resurgence of the irrational use of official vehicles, that the "privileged service" would reappear as a vest, that new bottles of old wine would be put into old bottles in some places during the reform, and that the painstaking reform of public transportation would be abandoned halfway…


  People’s anxiety is not without reason."Official taxi"There are several details in the service that raise concerns.

  Well, first of all."Official taxi"The target audience is mainly civil servants. As we all know, in a market economy, no product can be suitable for all ages and everyone. Any product or service is only aimed at a specific target group. However, when serving the target group, the product should not discriminate against non-target groups. Regrettably,The target audience of "business taxis" is strictly limited, and even "requires passengers to show official documents", which is feared to become a "privilege" again

  Secondly,"Official taxi"The service provider is Fuzhou Bus Taxi Company, a state-owned enterprise. The left hand is a government agency, and the right hand is a state-owned enterprise. People worry about whether there will be transactions behind it. On the one hand, state-owned enterprises escort the car services of government departments; on the other hand, when enterprises lose money, will the government pay for it? Although the form has changed,People are concerned that this is still taxpayers paying for unreasonable official vehicles

  And thirdly,"Official taxi"20% off for private travel of civil servants. Such"Special products"or"Special needs service"For ordinary people, it is definitely not a blessing. Since public officials travel privately, why don’t they take taxis or buses like ordinary citizens? On the other hand, the 20% discount service may be a bonus and service extension of the usual official ride.Since official travel is paid by the public and benefits from private travel, what is the rationality?

Adhere to "market logic" and let "official taxis" become "sunshine taxis"

  Of course, the above concerns inevitably lead to scrutiny of the details with magnifying glasses, and inevitably lead people to think the worst. But this just shows that the road to reform has never been smooth, and only by adhering to the right direction and principles can we ensure the final success of reform.


  "Official taxi"It is not a bad thing to cause anxiety. Only through analysis and discussion can the truth become clearer and clearer.As long as we firmly adhere to the direction and principles determined by the bus reform, firmly adhere to the socialization and market-oriented reform logic, and ensure openness and transparency in decision-making and operation, "official taxis" will move towards the direction of "sunshine taxis", and the bus reform will not be far from success.

Article/CCTV Commentary Contributor, Wang Jian