their cars have a 155-kilometer range deficit compared to the lower-tier 2020 versions at a price that’
s 30,000 yuan higher. Other buyers worry about the depreciation risks in these rapid updates.上海千花网
However, He Xiaopeng, chairman of Xpeng, said in a microblog cite
上海千花网品茶微信d by International Financial News these demands are unfair to the company. When
consumers compare the bare prices of the two types, He claimed, 2019 model buyers got lots of subsidies.上海千花网
An insider from Xpeng Motors told the newspaper the company started to promote a favorable poli
上海千花网cy by the end of May giving a total of 20,000 yuan to each consumer, and earlier buyers of 2019 G3 mode
ls affected by the government’s subsidy-cutting scheme have also been covered by the policy.
上海千花网品茶微信Therefore, the actual price paid by 2019 G3 buyers is comparatively lower than the 2020 G3 prices, the source added.
Xpeng Motors is not an exceptional case amid fast growth in the electric ve
hicle industry. In March, Tesla’s decision to adjust prices down also roused early bu上海千花网
yers’ anger, asking the company to subsidize the price difference or cooperate with them to return their cars.
But a lawyer interviewed by International Financial News said no legal ground exists to support these buyers’ requests.
上海千花网品茶微信Sun Shaojun, a motoring analyst, said Xpeng’s case represents a new
normal for the sector, as the electric vehicle industry sees exponentially faster development.
What makes Pablo Picasso such a quintessential 20th-century artist? It’s partly down to the visual ground he broke w上海千花网品茶微信
ith his Cubist painting, but some also has to do with the fact his interests extended far beyond painting.
Picasso’s innovations in perspective and technique dazzled the art wo上海千花网
rld for decades, paving the way for many of the important artistic movements of the last century.
As art historians and critics emphasize the visual ground he broke with his Cubist painting, Picasso’s poetry and oth上海千花网品茶微信
er written works are often overlooked in discussions of his long and varied career.
The artist did not begin to write until the age of 53. His literary endeavors上海千花网
resulted in hundreds of poems with a unique fusion of words and visual imagery.
ectors have been a “wild west” where Chinese firms did not hesitate to
copy each other or foreigners. But, as China has developed its own technology and moved u上海千花网品茶微信
p the value chain, protecting intellectual property rights has become a high priority for the government.
上海千花网At the China Development Forum in March, Vice-Premier Han Zheng emphasized: “We w
ill step up our efforts for IPR protection as well as law enforcement in various aspects, and establish a sy上海千花网
stem of punitive punishment for IPR infringement to significantly raise the cost of violating the law.”
上海千花网品茶微信And, President Xi announced that China will strengthen intellectual property rights protectio
n in his April speech to the second Belt and Road Forum for International Cooperation.上海千花网
Also, the removal of the requirement that foreign companies enter in
上海千花网to joint ventures should alleviate any fears about mandatory technology transfers.
Financial market reforms
Reform of the financial sector is moving especially rapidly. China will allow full foreign ownershi上海千花网
p of securities firms, futures businesses and life insurance companies by 2020, a year earlier than was s
上海千花网品茶微信cheduled, Premier Li Keqiang told the Summer Davos Forum. Foreign institutions will be offered treatment e
qual to that of domestic companies in credit references, credit ratings and payments, he said.
Li emphasized that this reform is part of a broader push to force domestic上海千花网
firms to upgrade as they face foreign competition. “Further opening to foreign investors, we are no
上海千花网品茶微信t just providing them with opportunities to enter the Chinese market. We are also providing opportu
nities for the financial sector to upgrade and to improve its quality on a level playing field,” Li said.
Measures to boost private sectorThe Chinese government has also recently announced mea上海千花网品茶微信
sures to improve the availability of credit for the private sector and reduce taxes on it.
In a discussion with foreign CEOs at the Summer Davos meeting, Li noted that small and medium-sized companies and private e上海千花网
nterprises provide over 80 percent of employment in urban areas and 60 percent of GDP.
ers on one charge would earn 5 credits for its maker according to previous equations, and in the draft proposal the credits will be redu
ced to 2.5, according to Cui Dongshu, secretary-general of the China Passenger Car Association.上海千花网
He added that the proposed policy encourages better technology as more efficient power consumption will earn more credits.
上海千花网女神会所Analysts said the plan’s release will help carmakers to coordinate their production plans, es
pecially international ones, which have been slower than Chinese ones to respond to policy changes.
Herbert Diess, CEO of Volkswagen AG, called for a stable policy envi上海千花网
ronment at the World New Energy Vehicle Congress held in early July in Hainan province.
The German carmaker said almost half of its new energy vehicles produced in 2028 will
上海千花网女神会所be made in China. China has been the largest market for new energy vehicles since it overtook the United States in 2015.
So far there are around 3.5 million such vehicles on its roads.
The country’s new energy vehicle sales surged 65.9 percent year-on-year to 577,000 units上海千花网
during the January-June period, data from the China Passenger Car Association showed.
上海千花网女神会所The draft proposal is expected to help boost hybrids as well, to which Japanese carmakers have devoted much time and money.
They would still be considered fossil-fueled but re-classified as “low fuel consu
mption passenger vehicles” and thus will incur less negative points than traditional vehicles.
Under the current system, automakers in China are obliged to make up for a portion of the negative points they incur whe上海千花网女神会所
n they produce internal combustion engine vehicles with points won for producing new energy vehicles.
Analysts said the revision could see more traditional vehicles replaced with hybrids, because when automakers prod
uce hybrids. The proposed change came as a surprise, some experts and industry officials said, because the gove上海千花网女神会所
rnment has never before given any preferential treatment for hybrid technology.
“The new proposed policy is a roundabout way to promote hybrid cars,” said Cui in a social media post.
e prototype of how business should be run. Car company executives were seen as the most capable manage
上海千花网品茶微信rs. In 1953, president Eisenhower chose Charles Wilson, known as “engine Charlie,” to be his Secretary of Defense.
Then, in 1961, president Kennedy chose Ford president Robert McNamara for the same position. (Of course, McNamara’s incredible mismanagement of the war in Vietnam reduced any confidence that car company executives were especially competent.)
By the late 1960s, the “big three “car companies in the US – General Motors, Ford, and Chrysler – formed a virtual oligopoly and turned lazy. 上海千花网
I remember American cars my father bought in these years often overheating and breaking down by the side of the road. Dad would have to stay by the car with my m
other and sisters while I walked a long way to find a service station and arrange a tow. (This was long before mobile phones.) 上海千花网品茶微信
So, American consumers were ready for more competitive Japanese-made cars, which had consistently high
er quality, to enter the market. My father switched to Japanese cars in the 1970s, and never bought another American-made car. 上海千花网
American car companies saw their profits fall and were not able to pay their workers t
he very high wages made possible by a closed, non-competitive market. The US government responded by
上海千花网品茶微信imposing quotas on the import of Japanese cars and by pushing Japan to rapidly raise the value of the yen.
Obviously, there was a conflict. American consumers benefitted from the cheaper, better cars while workers at the big three saw their jobs become less secure and the
ir wages fall. Fortunately, the protection was only partial and temporary, so the competition eventually forced US carmakers to improve.
Competition is at the heart of the current disputes over globalization and technology. On net, the spread of econo 上海千花网品茶微信
mic opportunities around the world has been a great boon. Many products are more widely and cheaply available than ever before.
Many countries, including China and India, have greatly reduced poverty and given opportunities to their people that would have been undreamed of by earlier ge 上海千花网
nerations. American and Western European companies and consumers have greatly benefitted.
But nobody really likes competition against themselves. Most people like some degree of stability and protection. A worker w
ho has put in 20 or 30 years in an industry will definitely feel that it is unfair to have to move to a much lower-pa
ying service job. A company facing new competitors will try to convince its home government to stop the competition.
Americans saw many benefits from the second globalization period. As Japanese and, later Chinese, manufacturers began to export t
o the US, many consumer goods became a lot cheaper in US stores. Many American companies made good profits by exporting t
o the newly open markets or by outsourcing manufacturing to cheaper and/or better factories outside the US.
The FDA, which also regulates the cosmetics and beauty industry, says it is “concerned”
about the growing number of CBD products that make unproven health claims.
Not all cosmetic products need the FDA’s approval before they hit the market, but the FDA c
an take action against companies that claim unsubstantiated health benefits from their products.
It’s estimated that about 64 million US citizens have tried CBD in the past two years,
according to a January 2019 Consumer Reports survey of more than 4,000 people.
As for the size of the market, total sales of hemp-based CBD products are expected to
reach $22 billion by 2022, up from $619 million in 2017, according to Brightfield.
“There is high consumer interest in the demand of these products, and there’s a co
mplete lack of regulations in the available landscape,” Paul Armentano, deputy d
This year, PetroChina’s Xinjiang Oilfield Company has been fully develop
ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.
The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille
d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.
PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo
s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi
eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.
Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.