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The blind guess price starts at 699,900, and Xiaomi SU7 Ultra will have a production version, which will be released in the first half of next year!

The blind guess price starts at 699,900, and Ultra will have a production version, which will be released in the first half of next year!

On July 23rd, in the live broadcast of Lei Jun’s annual speech in 2024, Lei Jun said that the Ultra production version of Xiaomi SU7 will be officially released in the first half of next year. It is understood that the Ultra production version of Xiaomi SU7 will adopt the same chassis structure, three motors and battery pack as the prototype, but due to the high design cost of all-carbon fiber, it will not be used in the production version. At the same time, for the price of Xiaomi SU7 Ultra version, Lei Jun said: It is a little expensive, but it will not be particularly expensive.

On July 19th, in Lei Jun’s annual speech in 2024, the official map of Xiaomi SU7 Ultra prototype was officially released. This model is equipped with two v8s motors and one v6s. The maximum power of the motors is 1548 horsepower, and the acceleration time from 0 to 100 kilometers is 1.97 seconds, including the starting time. Lei Jun said that this model will officially challenge the lap times list of non-production cars at Newnorth Circuit in October this year, and the production cars will officially challenge the lap times list of production cars at Newnorth Circuit next year. So how much do you think Xiaomi SU7 Ultra can achieve in New North?

The Ultra prototype of Xiaomi SU7 is equipped with a large number of sports kits, including the front lip skirt of the spoiler and the diffuser frame, showing a strong sports style. The length, width and height of the body size are 5260mm× 2064mm× 1406mm, respectively, and the wheelbase is 3000mm. In the official poster released, the SU7 Ultra version of Xiaomi is called the fastest four-door car in the world. The acceleration time from 0 to 200 is 5.96 seconds, the acceleration time from 0 to 300 kilometers is 15.07 seconds, and the top speed is more than 350 kilometers per hour.

And this model is equipped with track-specific brake calipers, track-specific brake discs and brake pads, and the kinetic energy recovery of the motor has also reached the maximum deceleration of 0.6g On the non-mass production model, the weight of the whole vehicle is only 1900 kg because the whole vehicle carbon fiber is used. At the same time, because of the application of the components used in the competition, it has a maximum downforce of more than 2145 kg. During the speech, Lei Jun said that if the speed exceeds 300 kilometers per hour, the car can run on the ceiling.

This topic has also successfully caused many netizens to ridicule on the Internet. In fact, when the speed exceeds 300 kilometers per hour, if its downforce can exceed the weight of the car, then it can indeed run on the ceiling, and f1 racing cars can do it. Therefore, this topic has also become another rim IQ detector this year.

Considering that the carbon fiber with the highest cost of the whole car is removed from the production model, the cost will be further reduced, so Brother Feng guesses that the starting price of the car is 699,900. Of course, the price of the car can’t be opened. At present, the price of the fr 1265-horsepower model is 769,000 yuan, while the guide price of the 1,306-horsepower model is 1.68 million yuan. Therefore, if too many factors other than products are not considered, more configurations such as aerodynamic components will be provided.

Then, do you think this price and this product strength are sincere?

Serious environmental pollution caused by American overseas military operations (in-depth observation)

  A few days ago, the list of the new round of military aid to Ukraine published by the US Department of Defense showed that this round of military aid to Ukraine included depleted uranium bombs for the first time for the use of abrams tanks that the US had previously aided Ukraine. This move by the United States has caused widespread controversy and criticism in the international community. Studies have shown that depleted uranium is radioactive, and long-term exposure will have a serious impact on human health and the environment. The United States dropped depleted uranium bombs in the former Yugoslavia, Iraq and other places, which led to a sharp increase in the number of local people suffering from tumors and other diseases.

  For a long time, American military actions in the world not only directly caused huge humanitarian disasters, but also caused long-term damage to the local environment, leaving behind a large number of toxic and harmful substances, which were serious "criminal acts" both for people’s health and the natural environment.

  "This can be said to be the worst place on earth."

  According to a recent report on the website of Scientific American, the open-air garbage burning pits set up by the US military near bases in many parts of the world have become pollution sources that damage the local environment. Especially in Afghanistan and other places, the toxic substances produced by these garbage burning pits increase the risk of local people suffering from diseases such as cancer and create many environmental pollution problems.

  According to a report by the US Special Inspector General for Afghanistan Reconstruction in 2014, these burning pits are used to burn all kinds of wastes ranging from food waste to paints, metals, plastics and medical supplies, and sometimes they are also used to burn military materials such as ammunition, resulting in toxic smoke containing "particulate matter, lead, mercury, dioxin and irritating gases". These toxic fumes may do harm to the environment and human body. People inhale these pollutants, which will have a negative impact on the human system and lead to asthma and other diseases.

  In a memorandum, the US Air Force described the scene of a garbage burning pit at a US military base in Iraq. "This can be said to be the worst place on earth. These burning pits burn day and night seven days a week, and most of the waste burned in the pits is toxic." In the joint base of Ballard in Iraq alone, the burning pit burns more than 200 tons of garbage every day. A soldier described the smoke in the burning pit as "as thick as the fog in San Francisco".

  A paper from the University of California, Davis pointed out that these garbage burning pits are "the toxic legacy of war". After environmental sampling of the nearby air and soil, it was confirmed that there are several harmful compounds that cause inflammation and body tissue damage. The American Public Health Association pointed out in a statement that Afghan citizens "don’t walk away like the US military, facing the risk of being exposed to pollutants from burning pits every day and have to bear the environmental consequences brought by the war".

  "The US military has never released information about base pollution to the public."

  The US military bases in Japan, South Korea and other places also frequently exposed environmental pollution scandals. The website of the American Stars and Stripes recently reported that a high concentration of toxic compounds — — Perfluorinated and polyfluorinated alkyl compounds (PFAS), which can cause serious health problems. Current research shows that exposure to high concentrations of PFAS may lead to cancer, thyroid disease, liver injury and other major diseases.

  It is reported that many overseas bases of the US military use foam fire extinguishing agents containing PFAS to put out accidents such as aircraft fire. This substance can enter the human body and food chain through water, soil, air and other ways, causing potential harm to human health. A survey conducted by former tianhao II, an associate professor of environmental hygiene at Kyoto University in Japan, found that the PFAS concentration in two apartments near Sagami military supply depot in Kanagawa Prefecture of the US military stationed in Japan exceeded the standard. At the same time, a survey released by a citizen group in Okinawa in February this year showed that among the 387 residents who lived around the US military base in Okinawa and participated in the blood test, 155 people’s blood PFAS exceeded the standard, accounting for about 40%.

  According to the Japan-US Status Agreement, without the permission of the US military stationed in Japan, Japan cannot enter the US military base for internal investigation, which makes it difficult to find out the environmental pollution problem of the US military base, let alone completely solve it. The US military often responds by "not explaining", "not admitting" and "not apologizing". According to an internal report of the US Marine Corps, during the period from 2002 to 2016, there were at least 270 environmental pollution incidents at three US military bases in Okinawa, Japan, and only six of them were notified to the Japanese government.

  These accidents polluted the local land and waterways, but almost none of them were made public. British journalist Jon Mitchell pointed out in his book Poisoning the Pacific Ocean: The U.S. military secretly dumped plutonium, chemical weapons and agent orange that "the U.S. military has never released information about base pollution to the public". Some water sources in Okinawa are seriously polluted by PFAS. "Okinawa people are angry and afraid."

  In South Korea, the US military base in South Korea also exposed environmental pollution problems. According to the agreement reached between South Korea and the United States in 2020, the US military returned the Longshan base in Seoul to the South Korean side, which was converted into a national park by the South Korean side, and the US military moved to the Pyeongtaek base. According to the Korea Broadcasting Corporation, South Korea’s Ministry of Environment plans to return the area at the US military base in Longshan to detect a large number of pollutants such as oil and heavy metals. Among them, dioxin in soil exceeded the standard by 34.8 times and arsenic exceeded the standard by 39.9 times. In May this year, the "Longshan Children’s Courtyard", which was rebuilt in some areas of Longshan Base, was officially opened to the public. According to the Korean National Daily, many parents are worried about the children’s park built on the "poison nest" where the school plans to organize football matches and other activities. A parent said, "Do schools want children to play on polluted land?"

  Many problems arising from the overseas bases of the US military endanger the whole world.

  According to data released by the Quincy Institute for Responsible Governance, an American think tank, the United States has 750 military bases in 80 overseas countries and regions, almost three times the number of American embassies, consulates and missions abroad, and the annual operating cost may be as high as $55 billion. According to Al Jazeera, among these overseas bases, there are about 400 large bases with more than 200 military personnel.

  The British "Eye of the Middle East" news network said that the US military bases are all over the world, and the US military consumes more energy than any other institution in the world, and it also produces more greenhouse gases than many countries. According to the data released by the Watson Institute of International and Public Affairs of Brown University in 2019, since the "war on terror" in 2001, the US military has produced 1.2 billion tons of greenhouse gases, which is "one of the largest greenhouse gas emitters in the world".

  The US investigation website "intercepted" the report that the US military footprint caused direct damage to the Afghan environment. The US military released toxic pollutants into the air, which made Afghan civilians sick. The environmental damage caused by the US military in Iraq is even more serious. The war not only led to a sharp increase in carbon dioxide emissions, but also the use of depleted uranium ammunition by the US military led to an increase in the incidence of cancer among local people and serious birth defects among children. "Simply put, the American war policy has poisoned the earth." "Intercept" website reporter Murtaza Hussain said. Some American media pointed out that "the US military is one of the biggest polluters in human history, but its role in causing climate change is often ignored by researchers".

  David wain, an American writer, pointed out in his book "American Overseas Military Bases: How They Harm the World" that the number of American overseas military bases ranks first in the world and is still expanding in different forms. The overseas bases of the US military have intensified geopolitical tensions, and have also spawned many problems such as violent crimes, environmental pollution, trampling on sovereignty, and destroying the economy, which have harmed the world beyond imagination.

Recent progress of foreign intellectual property courts and its enlightenment

 

  In recent years, with the intensification of international technological competition, Germany, the United States, Thailand, South Korea, Japan and other countries have successively set up national-level IPR appeal hearing mechanisms to protect their own scientific and technological innovations and ensure the unity and certainty of IPR adjudication. By tracing the recent work of foreign intellectual property courts, this paper introduces the progress and related work measures of foreign intellectual property courts in recent years in court establishment, case trial, response to epidemic situation, diversified dispute resolution mechanism, information work, judicial openness and international exchange, with a view to enlightening.

  I. Basic information on the establishment of overseas intellectual property courts

  The establishment of early intellectual property courts

  Before 2020, the specialized intellectual property courts (courts) established around the world mainly include: the German Federal Patent Court established in 1961, the British High Court Patent Court established in 1977, the Korean Patent Court established in 1998, the Singapore Intellectual Property Court established in 2002, the Japanese Intellectual Property High Court established in 2005, the Malaysian Intellectual Property Court established in 2007 and the British Intellectual Property Enterprise established in 2013.

  In addition, although the scope of the US Court of Appeals for the Federal Circuit established in 1982 is not limited to intellectual property cases, patent civil and administrative cases and the "337 investigation" appeal case of the US Federal Trade Commission are all under its exclusive jurisdiction and constitute the main types of cases it actually accepts.

  The Thai Intellectual Property and International Trade Court, established in 1997, is not limited to intellectual property cases, but all first-instance intellectual property cases, including civil cases and criminal cases, are under its exclusive jurisdiction.

  Although the scope of accepting cases by the Finnish Market Court established in 2013 is not limited to intellectual property cases, all intellectual property cases except criminal cases are under its exclusive jurisdiction.

  Recent establishment of intellectual property courts

  On July 1, 2020, in order to ensure the uniformity and certainty of the adjudication of intellectual property cases, Poland established a number of specialized intellectual property courts, including four intellectual property courts of first instance and two intellectual property appeal courts, among which technical intellectual property cases were under the exclusive jurisdiction of the Warsaw District Intellectual Property Court.

  In addition, the establishment of the European unified patent court is progressing closely, and will begin to accept cases after the entry into force of the Agreement on the Unified Patent Court. The entry into force condition of the Agreement on Unified Patent Courts is that the domestic legislatures of at least 13 member countries (including Germany, France and Italy, which hold the most valid patents) approve the Agreement, and the entry into force date is the first day of the fourth month after the last country that meets the entry into force conditions deposits its instrument of ratification.

  In August, 2021, Germany, as the last country to achieve the conditions for entry into force, ratified the Unified Patent Court Agreement, which will take effect on the first day of the fourth month after Germany deposited its instrument of ratification. It is noteworthy that in order to ensure the smooth transition to the operation stage of the unified patent court after the entry into force of the unified patent court agreement, the provisional application agreement of the unified patent court agreement agreed in part of the unified patent court agreement came into effect on January 19, 2022, and the eight-month provisional application period of the unified patent court agreement has officially started.

  The European unified patent court has started the final preparatory stage, and its administrative Committee has adopted the rules of European patent litigation qualification regulations, European unified patent court service and personnel regulations, financial regulations and so on; The Advisory Committee responsible for the recruitment of judges in the Unified Patent Court has been established, and the registration of judges has been closed, and about 1,000 applications have been received. Almost all patent judges in Germany and France have signed up for this recruitment activity, and the selection work is currently underway. It is expected that the European Unified Patent Court will be officially put into operation in September 2022 or early 2023.

  Second, the main work of the recent extraterritorial intellectual property courts

  In the trial of cases

  1. The trial of the case

  The U.S. Court of Appeals for the Federal Circuit accepted 1,511 appeals, 1,456 appeals and 1,582 appeals in 2019, 2020 and 2021 (from September 30 of the previous year to September 30 of that year); 1602 cases, 1568 cases and 1370 cases were concluded respectively. Intellectual property cases accounted for 67% (about 1012 cases), 61% (about 888 cases) and 53% (about 838 cases) respectively. Among them, the patent examination cases from the US Patent and Trademark Office accounted for 43% (about 650 cases), 38% (about 553 cases) and 35% (about 553 cases) respectively; The patent cases from the U.S. federal district court accounted for 22% (about 332 cases), 21% (about 306 cases) and 16% (about 253 cases) respectively. Trademark cases accounted for 2% of the total number of cases received in three years, about 30, about 29 and about 32 respectively.

  In 2019 and 2020, Japan’s Intellectual Property High Court accepted 259 cases of intellectual property rights (174 cases of first instance and 85 cases of civil appeal) and 221 cases (152 cases of first instance and 69 cases of civil appeal); 254 cases (166 cases of first instance requesting to cancel the ruling and 88 cases of civil appeal) and 224 cases (159 cases of first instance requesting to cancel the ruling and 65 cases of civil appeal) were concluded respectively. In 2019, the average trial period of first-instance cases requesting revocation of the ruling was 8.6 months, and the average trial period of civil appeal cases was 7 months. 9.6 months and 9 months respectively in 2020.

  In 2019 and 2020, the Korean Patent Court accepted 949 cases of intellectual property rights (836 cases requesting cancellation of administrative rulings and 113 cases of civil appeals) and 797 cases (671 cases requesting cancellation of administrative rulings and 126 cases of civil appeals); 930 cases (801 cases requesting cancellation of administrative ruling and 129 cases of civil appeal) and 877 cases (758 cases requesting cancellation of administrative ruling and 119 cases of civil appeal) were concluded respectively. In 2019, the average trial period of administrative cases was 237 days, and the average trial period of civil appeal cases was 308 days. 251 days and 320 days in 2020 respectively.

  The German Federal Patent Court accepted 1,548 and 1,505 intellectual property cases in 2019 and 2020 respectively; 1838 cases and 1632 cases were concluded respectively. The average trial period of each court in the German Federal Patent Court is different, among which the average trial period of the invalid court is 27.8 months in 2019 and 32.8 months in 2020; The average trial period of the Technical Appeals Tribunal is 28.5 months in 2019 and 27.9 months in 2020; The average trial period of the court of appeal for utility model patents is 22.9 months in 2019 and 20.9 months in 2020; The average trial period of the Trademark and Design Patent Appeal Court is 22.1 months in 2019 and 21.8 months in 2020; The average trial period of the Legal Appeal Court is 10.4 months in 2019 and 8.4 months in 2020.

  In 2019, 2020 and 2021, the Intellectual Property and International Trade Court of Thailand accepted 2,838 cases (207 civil cases and 2,631 criminal cases), 2,073 cases (211 civil cases and 1,862 criminal cases) and 554 cases (64 civil cases and 490 criminal cases) respectively; 2,957 cases (217 civil cases and 2,740 criminal cases), 2,078 cases (186 civil cases and 1,892 criminal cases) and 467 cases (53 civil cases and 414 criminal cases) were concluded respectively.

  2. Relevant important referees in recent years

  On compensation for damages in patent civil infringement cases.

  In February, 2020, the Japanese Intellectual Property High Court used the calculation method of damages based on loss of profits in the case of "MTG v. Five Stars" involving the patent infringement dispute of beauty instruments, arguing that the contribution of patents was not considered when calculating damages, and finally the amount of damages was 440.06 million yen.

  In November 2020, in the case of "Vectura v GlaxoSmithKline" patent infringement dispute, the US Court of Appeals for the Federal Circuit upheld the judgment of the court of first instance that the infringer’s sales of nearly $3 billion was multiplied by the license fee of 3%, and that the infringer compensated the patentee for a total of more than $89 million.

  In September, 2021, the U.S. Court of Appeals for the Federal Circuit partially revoked the district court’s judgment in the case of SRI and Cisco, and decided that Cisco Company constituted intentional infringement, bearing twice the punitive damages, and maintaining the district court’s judgment on fully supporting the lawyer’s fees.

  In September of the same year, the U.S. Court of Appeals for the Federal Circuit overturned the judgment of the district court in the case of Lubby Holdings and Henry Chung, arguing that Article 287 of the U.S. Patent Law requires that the patentee must inform the infringer of what acts are suspected of infringement and which patent is infringed by the alleged infringing product. At the same time, The infringer is required to stop the infringement or seek a patent license. Because the patentee in this case failed to provide evidence to meet these requirements, the U.S. Court of Appeals for the Federal Circuit overturned the judgment of the district court on the tort compensation caused by the infringer’s infringement before being sued, and sent the case back to the district court for retrial and decided on the tort compensation caused by the infringement after the prosecution.

  On patentability in patent administrative cases.

  In February, 2021, in the case of Trustees of Columbia University v. Illumina, the U.S. Court of Appeals for the Federal Circuit pointed out that it was obvious to use the known literature to identify the patent unless it was clearly stated that the method of disclosure was not feasible or should not be adopted.

  On the intersection of patent civil infringement and administrative invalidation procedure.

  In January, 2021, in the case of ABS and Cytonome, the U.S. Court of Appeals for the Federal Circuit dismissed the appeal filed by the accused infringer ABS Company for reconsideration procedure on the grounds that the judgment that the accused infringer did not constitute infringement in both civil cases had become the final judgment and the accused infringer had no interest in the patent invalidation reexamination decision.

  On the identification of evidence of patent infringement.

  In April, 2021, the U.S. Court of Appeals for the Federal Circuit upheld the district court’s judgment that Sharp Company did not constitute patent infringement against Wi-LAN Company, and held that the printed source code of a third-party chip manufacturer did not constitute a business record, and the attached employee statement was prepared in response to the lawsuit, and was not kept during the regular activities, so it could not be used as evidence to prove the infringement.

  On the protection of pharmaceutical patents.

  On September 30, 2021, the Korean Patent Court overturned the ruling made by the Korean Intellectual Property Hearing and Appeal Committee, and decided that PEGylated drugs belonged to the new drugs in the drug patent extension system under the Korean patent law system, which expanded the scope of new drugs considered by the Korean Intellectual Property Office, thus being more coordinated and consistent with the scope of new drugs in the drug patent extension system in the United States and the European Union.

  On October 9, 2020, the German Federal Patent Court decided that the combination of ezetimibe and simvastatin was not innovative drugs in the case of invalid patent supplementary protection certificate for ezetimibe /simvastatin, and revoked the issued EU supplementary protection certificate.

  On the identification of artificial intelligence inventors.

  Since 2018, steven tyler, an American scientist, has submitted patent applications to many countries or regions as the inventor of his artificial intelligence system. Law enforcement and judicial organs in various countries are faced with the legal issue of whether the artificial intelligence system is the inventor of the patent. In this regard, different judicial organs present different views.

  The German Federal Patent Court ruled in November 2021 that although the artificial intelligence system cannot be an inventor of a patent alone, it can be added as an inventor and written in the patent application.

  In September 2021, the British Court of Appeal also rejected steven tyler’s request to list artificial intelligence as a patent application of a separate inventor. At present, the case has been appealed to the British Supreme Court; In September 2021, the U.S. Federal District Court for the Eastern District of Virginia ruled that the artificial intelligence system could not be an inventor under the U.S. patent law.

  On the contrary, the Australian Federal Court of Appeal ruled in July 2021 that artificial intelligence can be used as a patent inventor according to Australian patent law.

  In addition, in Japan, South Korea and other countries, the patent issue of the DABUS case is still under review.

  With the development of artificial intelligence, artificial intelligence has challenged the patent laws and judicial organs of various countries, and whether artificial intelligence can become a patent inventor is gradually being explored and clarified in various countries.

  Work initiatives

  1. Work measures to deal with the epidemic situation

  Affected by the outbreak of the COVID-19 epidemic in 2020, overseas intellectual property courts took timely measures to deal with the epidemic, mainly including the following aspects:

  The first is to start using remote trial. Japan’s Intellectual Property High Court, Germany’s Federal Patent Court, Thailand’s Intellectual Property and International Trade Court and the UK’s Patent Court all use Microsoft Teams software or the commercial version of Skype software to conduct trials by remote video conference.

  The U.S. Court of Appeals for the Federal Circuit issued an announcement in official website at the beginning of the outbreak to suspend off-line court sessions, and changed the cases that really needed to be heard to be held by teleconference, and provided real-time audio live broadcast to the public on official website.

  The second is to limit the number of courts. The German Federal Patent Court adopts a combination of online and offline trial, that is, the judge and the lawyer of one party are in court, and all other litigants participate in the trial through remote video conference. At the same time, the German Federal Patent Court also issued regulations to limit the number of courts, limiting the number of standard courts with 30 people to 9 and the number of large courts with 90 people to 30.

  The third is to encourage parties to submit case materials online. Thailand’s Intellectual Property and International Trade Court encourages parties to use the electronic document system and the court’s comprehensive online service system to follow up the status of cases and pay legal fees and other expenses without going to court.

  The fourth is to amend the rules of civil procedure. In July, 2020, the U.S. Court of Appeals for the Federal Circuit promulgated the newly revised Rules of Procedure for the Federal Circuit, including the relevant provisions on the submission of documents by electronic means, and the provisions on the delay of the limitation of action when neither electronic nor on-site paper submission can be made.

  In addition, the Thai Intellectual Property and International Trade Court announced the new rules of remote trial during the epidemic in time, allowing all civil cases to be litigated online.

  The fifth is to focus on dealing with the backlog of cases. In order to cope with the backlog of cases caused by the epidemic, the British courts have established courts (also known as "Nightingale Courts") that have been converted from hotels, concert halls or theaters, and hired part-time judges and retired judges to hear cases that have been backlogged due to the epidemic. In an interview, the judge of the British High Court said that except for the early ban due to the epidemic, the patent court almost did not postpone hearing any cases.

  Sixth, strengthen the protection of trial data and information. In order to cope with the backlog of cases during the epidemic and the fact that judges often take case materials home for processing, the trial data protection team of the British courts published a guide to the protection of trial case data information in April 2020, which stipulated specific norms for the preservation of case materials to prevent the disclosure of trial data.

  During 2021, some foreign intellectual property courts adjusted epidemic prevention measures. For example, since September of that year, the United States Court of Appeals for the Federal Circuit began to resume on-site trials of some cases, but made requirements for the number of people participating in the trial, wearing masks, and nucleic acid testing certificates.

  2. Diversified dispute resolution mechanism

  On May 25th, 2020, Korea Patent Court signed a memorandum of cooperation with Korea Commercial Arbitration Commission. According to the memorandum of cooperation, the Korean patent court can refer some arbitration cases related to intellectual property rights to the Korean Commercial Arbitration Commission for handling, so as to promote the diversified dispute resolution of intellectual property cases.

  3. Informatization work

  The German Federal Patent Court has long joined its own information cooperation project. According to the requirements of related information work, it will realize the electronization of all documents by January 1, 2026 at the latest. This requires the German Federal Patent Court to replace its visualization system that has been used for many years and switch to the visualization trial system agreed in the cooperation project. At present, the German Federal Patent Court is focusing on transferring trial case files to a visual trial system. According to statistics, there are 5,500 directories and 450,000 files to be transferred.

  4. Judicial openness

  On August 10, 2020, the Korean Patent Court signed a memorandum of cooperation with the World Intellectual Property Organization, which will provide WIPO with the English version of the intellectual property judicial judgment of the country, thus facilitating foreign parties to obtain the judgment of the Korean Patent Court and improving the influence of the intellectual property trial in the country.

  Both the Japanese Intellectual Property High Court and the Korean Patent Court have formulated and published the 2020 edition of the court introduction manual and the 2021 edition of the court introduction manual in official website in time, which contains the historical evolution, organizational structure, litigation procedures, research and exchange, case trials and other contents of the court.

  International exchange

  On September 17, 2020, the library jointly established by Thailand Intellectual Property and International Trade Court and the World Intellectual Property Organization was officially put into use, and all books and materials were open to judges, lawyers, government agencies and the public. The establishment of the library is one of the important contents of the Cooperation Statement signed by the Thai Intellectual Property and International Trade Court and the World Intellectual Property Organization in 2018.

  On November 11-12, 2020, the Korean Patent Court held the 6th Global Intellectual Property Court Conference with the theme of "Court, Intellectual Property and Globalization". A total of 500 intellectual property judges, lawyers and scholars from the United States, Britain, Belgium, Australia, Japan and other countries attended the meeting. The topics exchanged in this meeting cover biotechnology patents and software patents, design patent litigation, transnational patent litigation, standard essential patents and other fields.

  From November 10th to 11th, 2021, the Korean Patent Court continued to hold the 7th Global Intellectual Property Court Conference with the theme of "Court, Intellectual Property and Harmonization" by combining online and offline. The topics exchanged at the meeting covered the latest hot topics such as compulsory patent licensing, the challenge of artificial intelligence to patent law, the protection of computer software copyright, and how to balance the interests of units and employees in job invention-creation cases.

  In January, 2021, Japan Intellectual Property High Court held the 2020 annual intellectual property judicial seminar online. Judges and lawyers from the United States, Britain, Germany and Japan participated in the discussion and exchange of two themes: "the status quo of equivalent infringement in patent infringement litigation" and "court litigation activities under epidemic situation".

  In October, 2021, Japan Intellectual Property High Court continued to hold the 2021 judicial seminar on intellectual property, and judges and lawyers from various countries discussed and exchanged two themes: "International comparison of indirect patent infringement" and "using expert knowledge in civil litigation".

  otherwise

  In response to the professionalism and complexity of the current trial of technical intellectual property cases, the Korean Patent Court set up a technical consultation expert recommendation committee on July 17, 2020, appointed nine experts from different research institutions as members of the committee, and revised the relevant domestic trial rules. According to the latest trial rules, in the process of hearing technical cases, if the presiding judge needs the support of experts in related technical fields, he can make a request to the Technical Advisory Expert Recommendation Committee, and the Committee will provide experts in related fields according to the request to help the judges hear related technical cases.

  Third, analysis and enlightenment

  It has become an international trend to establish an appeal mechanism for intellectual property cases at the national level.

  Germany, the United States, Thailand, South Korea, Japan and other countries have successively set up national-level IPR appeal trial mechanisms, and have formed a relatively mature IPR trial operation mechanism.

  Poland also established a centralized trial system for intellectual property cases in July 2020.

  The European unified patent court, which was established beyond the national level, officially entered the final preparatory stage on January 19, 2022, and it is expected to start its official operation in September 2022 at the earliest.

  In recent years, the globalization trend of intellectual property litigation around standard essential patents, pharmaceutical patents, artificial intelligence and other fields has become increasingly prominent. The competition among countries for and safeguarding their own jurisdiction, excluding and restricting the jurisdiction of other countries has intensified, and the trend of centralized trial of intellectual property cases has become increasingly obvious. It has become an international trend to establish a unified national or even supranational regional appeal trial mechanism for intellectual property cases.

  The internationalization trend of intellectual property disputes is becoming more and more obvious.

  In recent years, in the fields of standard essential patents, medicine, artificial intelligence, etc., many countries are facing the same legal problems at the same time, parallel lawsuits occur from time to time, and the internationalization trend of intellectual property disputes is becoming increasingly obvious. On the one hand, we should continue to pay attention to the extraterritorial dynamics, learn from the useful experience of extraterritorial courts, and broaden our international horizons; On the other hand, it is also necessary to thoroughly investigate the actual situation of scientific and technological enterprises, especially multinational enterprises, and respond to the judicial needs of scientific and technological innovation subjects. It is necessary to strengthen the research on difficult and complicated problems in new fields and new formats of intellectual property, sum up the rules of adjudication in a timely manner in combination with the trial practice inside and outside the region, and timely study the coping strategies of intellectual property problems in new fields and new formats, so as to provide judicial wisdom support for the emerging new and complex problems. In addition, in view of the new problems, new situations and the improvement of intellectual property trial mechanism faced by all countries, it is necessary to increase judicial exchanges and discussions with overseas intellectual property courts, deeply participate in global intellectual property governance under the framework of the World Intellectual Property Organization, and promote the improvement of the international intellectual property governance system.

  (Author: the Supreme People’s Court)

Micro-observation of current affairs: Understanding China’s wisdom in BRICS cooperation from three old sayings

  At the invitation of Russian President Vladimir Putin, from October 22nd to 24th, the Chairman of the Supreme Leader will go to Kazan, Russia to attend the 16th meeting of BRICS leaders.

  2024 is the first year of "Big BRICS Cooperation". On January 1st this year, Saudi Arabia, Egypt, United Arab Emirates, Iran and Ethiopia became full members of the BRICS countries. Cuba, Syria, Thailand and many other countries have also expressed their willingness to join the BRICS cooperation mechanism.

  "The castle peak can’t be covered, after all, it flows east." The Chairman of the Supreme Leader once used this poem to emphasize that "no matter how much resistance there is, the positive, stable and good-oriented force of the BRICS countries will flourish."

  Harmony, symbiosis and world harmony have been the beautiful pursuit of the Chinese nation for thousands of years. From the three old sayings quoted by the Chairman of the Supreme Leader, Current Affairs Micro-observation interprets China’s wisdom in BRICS cooperation.

  "It’s easy to do things according to reason, but it’s hard to do things when you move your back."

  On August 24, 2023, at 9: 00 am local time, the scheduled meeting was postponed at the Sugeno Convention Center in Johannesburg, South Africa, and a temporary special press conference for the 15th meeting of BRICS leaders went down in history. The summit officially passed a new round of expansion decision.

  At the special press conference, the Chairman of the Supreme Leader pointed out that this expansion is also a new starting point for BRICS cooperation, which will inject new vitality into the BRICS cooperation mechanism and further strengthen the forces for world peace and development.

  Looking back at history, when the BRICS mechanism landed, it was the time when emerging market countries and developing countries rose in groups.

  △ On September 3, 2017, Xiamen International Convention and Exhibition Center, the Chairman of the Supreme Leader attended the opening ceremony of the BRICS Business Forum and delivered a keynote speech.

  During the meeting in Xiamen in 2017, the Chairman of the Supreme Leader pioneered the concept of "BRIC+"cooperation, opening the door for emerging market countries and developing countries to integrate into BRICS cooperation.

  Under the situation of accelerating the evolution of the world’s unprecedented great changes in the past century, the common aspiration of developing countries to promote unity and self-improvement, defend multilateralism, safeguard international fairness and justice, and improve global governance has become stronger.

  "It’s easy to do things according to reason, but it’s hard to do things from time to time." In the closing speech of the BRICS Business Forum in 2023, the Chairman of the Supreme Leader pointed out that today’s world is a community of destiny with both prosperity and loss. What people of all countries look forward to is not a "new cold war" or a "small circle", but a world of lasting peace and universal security, a world of common prosperity, openness, tolerance, cleanliness and beauty. This is the logic of historical progress and the trend of the times.

  △ On November 21st, 2023, the Chairman of the Supreme Leader attended the special video summit of BRICS leaders on Palestinian-Israeli issues and delivered an important speech entitled "Promoting Cease-fire and Stop War to Achieve Lasting Peace and Security".

  In November last year, the BRICS leaders held a special video summit on the Palestinian-Israeli issue. The participating leaders exchanged views, coordinated their positions, made appeals, reached a consensus, and took positive actions to send out clear voices of justice and peace.

  In the turbulent international situation, BRICS countries actively promote the reform of global governance system and actively defend the interests of emerging market countries and developing countries in the international arena.

  "Rivers and seas do not choose small streams, so they can be deep."

  Last August, President Ramaphosa of South Africa held a grand welcoming ceremony for the Chairman of the Supreme Leader at the Presidential Palace in Pretoria, South Africa. The Chairman of the Supreme Leader said: "In the past 10 years, in this magical land of South Africa, I have witnessed the vigorous development of China-South Africa relations, not only witnessed the establishment of the Confucius Institute at Durban University of Technology in South Africa, but also experienced South Africa ‘ Year of China ’ Wonderful, I also pressed the start button of the production line of BAIC South Africa Factory together with the President. "

  In July, 2018, Chairman Supreme Leader and President Ramaphosa witnessed the successful off-line of the first South African locally assembled and produced China brand car through video link in Pretoria.

  △ Workers of Beiqi South Africa Factory work in the workshop.

  In port elizabeth, eastern cape, South Africa, BAIC South Africa has an annual production capacity of 40,000 to 50,000 vehicles. At present, this factory drives 150 local small and medium-sized enterprises in the industrial chain and creates about 3,000 jobs.

  Although the BRICS countries are separated by mountains and seas, they have come together with the common goal of openness, tolerance and win-win cooperation. This enables member countries to participate in global cooperation and construction with equal status and fair treatment, and is also very attractive to the vast number of emerging economies.

  In June 2022, at the opening ceremony of the BRICS Business Forum, the Chairman of the Supreme Leader pointed out: "‘ Taishan does not allow soil, so it can become a big one; Rivers and seas do not choose small streams, so they can be deep. ’ Inclusiveness, mutual benefit and win-win are the right path in the world. "

  This year, five "new partners" joined the BRICS family. After the expansion, the BRICS countries account for about 30% of the world’s GDP, nearly half of the world’s population, and trade accounts for one-fifth of global trade.

  △ In March 2021, the China-Europe train from Chengdu, China to St. Petersburg, Russia arrived at Shusharei Railway Station in St. Petersburg.

  Under the guidance of the BRICS spirit of openness, tolerance and win-win cooperation, the BRICS family has made new achievements in trade — — In the first three quarters of this year, China’s import and export to other BRICS countries was 4.62 trillion yuan, an increase of 5.1%. On October 14th, the Xiamen Representative Office of the Strategic Investment Promotion Bureau of Pio, Brazil was officially unveiled. This is the first permanent representative office of a foreign enterprise approved by the local government of the BRICS countries since Xiamen built the BRICS New Industrial Revolution Partnership Innovation Base.

  As the country with the largest economic aggregate among BRICS countries, China has continuously promoted the BRICS cooperation to a wider scope and deeper level, and strengthened the resilience and vitality of BRICS pragmatic cooperation.

  "A single flower is not spring, but a hundred flowers bloom in spring."

  In 2022, it was the third time that China served as the BRICS president. In a meeting of BRICS leaders held by video, China’s design details are full.

  In the East Hall of the Great Hall of the People in Beijing, above the meeting table, the name of the country stands in the Chinese rosewood carved Cato, and on the other side, there are blue and white enamel cups, which reveal a strong "Chinese style".

  △ Carved Chinese rosewood cato with country name cards placed on it.

  There is also a set of BRICS protocol supplies, together with the "No.1 in tea" — — Dahongpao tea is delivered to all countries in advance, so that foreign leaders attending the "Cloud Meeting" can feel the warmth and friendliness of the host country thousands of miles away and Wan Li.

  "A single flower is not spring, and a hundred flowers bloom in spring." The Chairman of the Supreme Leader has repeatedly quoted this old saying in diplomatic occasions, stressing that if there is only one kind of flower in the world, even if it is beautiful, it is monotonous. Both Chinese civilization and other civilizations existing in the world are the fruits created by human civilization.

  At the closing ceremony of the BRICS Business Forum in 2023, the Chairman of the Supreme Leader pointed out that we should adhere to civilized exchanges and mutual learning. A flower can’t dress up beautiful spring, but a hundred flowers can make the world full of spring scenery.

  BRICS countries have diverse cultures. It is precisely because countries have different histories, cultures and systems that they need to exchange and learn from each other, learn from each other’s strengths and make common progress.

  △ September 22, 2024, Moscow, Russia, Chinese and Russian youth performance program.

  Recently, the BRICS countries held a series of cultural exchange activities — — Representatives of media organizations in BRICS countries jointly launched Panda Theater and BRICS Exhibition Season, which will broadcast more than 200 hours of China-themed film and television programs through seven media in Russian, South African, Brazil and other countries; Government officials from BRICS countries, world champions, experts and scholars in related fields shared touching stories of exchanges and pragmatic cooperation among countries at the BRICS Civilization Dialogue. At the "Golden Brick Opportunity" youth exchange dialogue, the delegates conducted in-depth discussions on the theme of "extensively uniting youth forces to promote pragmatic cooperation in the BRICS" … …

  The BRICS countries continue to deepen cultural exchanges and further tighten cultural ties, and are working together to continue to write a new chapter in friendship.

  △ The headquarters building of BRICS New Development Bank in Pudong New Area, Shanghai

  "If you do what you do, you will be invincible; What the wisdom of all people does is nothing. "

  Adhering to the BRICS spirit of openness, tolerance, win-win cooperation, BRICS countries have written wonderful stories about the joint development of countries with different systems, cultures and regions, and become a golden signboard of South-South cooperation.

  As a developing country and a member of the "global South", China firmly stands on the right side of history, always shares the same breath and destiny with other developing countries, firmly safeguards the common interests of developing countries, and provides more and better China wisdom, China’s plan and China’s strength for promoting BRICS cooperation and South-South cooperation and promoting world peace and development.

Chief Producer Yan Shuainan Wang Shanshan

Producer: Geng Zhimin

Producer Xing Xing came to Ningli Li.

Writing, Cheng Yu

Visual sense Jiang yuhang

Revise Yang Caiyun

He once conquered Bollywood by dancing, and this time he loved omnipotent.


Special feature of 1905 film network  With the gradual opening of Indian films to the China market, mainland audiences have a deeper understanding of this country which is good at singing and dancing and full of emotions. Not only the "Three Sweats" led by Aamir Hussain Khan, more and more Bollywood filmmakers began to enter our field of vision.

 

On Wednesday, there was a work called "The Movie" which landed in the cinema. As a rising star, hrithik roshan, the leading actor, won himself a place in Bollywood with his outstanding performances in many musical films, and was also called "the Four Kings" with Aamir Hussain Khan, shahrukh khan and salman khan. Because of his strong figure, charming dancing and excellent kung fu, Rothman is even proudly called "Stallone, Brad Pitt and Michael Jackson in one" by fans.

 

It’s been a long time since "Omnipotence" was released in China, but it’s a great surprise and satisfaction for Lohan that his works can meet mainland fans again at this time. At the premiere, he said "amazing", "Thank you" and "I love you" three times. What touched the Indian filmmaker was the tolerance and openness of China audience to different cultures.

Different from the role of "superhero" in the past, Lohan played an ordinary blind man in omnipotent. But as described in the title, this ordinary man became omnipotent in a battle of revenge because of his purest and deepest love.

 

 

The following is hrithik roshan’s self-report

 

Lohan is the most touching part of omnipotent. There is infinite love in this character’s heart, which resonates with me. Lohan’s love for Sophia (the heroine) is endless, and it can almost be said that Sophia is his world. When I read this character of this man from the story, and his persistence that he can pay so much for love and just pursue justice, I was deeply attracted.

 

At the same time, I also like Lohan’s "rationality". He will never lose his mind because of anger. Even after the final revenge, he still keeps his dignity and always stays calm without losing his temper because of grief. Because he knows exactly what he wants and believes that he will "win" — — Someone ruined my life, and I will make him pay the due price. The power of love, supreme wisdom and firm belief make it possible for Lohan to "revenge" impossible.

 

It’s very easy to play Lohan on the emotional level, almost the easiest role in my career, because I am very similar to him and I love this character very much, so it’s not difficult to interpret him.

 

But technically speaking, the test of this role is very many, and I need to learn to become blind. Of course, we have seen quite a few films about blind people. It’s very simple if we just want to show their appearance, but I don’t want to do this alone. I want everyone to see the real life of blind people in our society.

 

But it’s hard. In the past, when shooting action scenes, I could know where my safety zone was. You can watch your opponent’s movements and make evasive reactions. But after "becoming blind" in omnipotent, it is impossible. I can only rely on perception and be careful about the real boundary of the set, otherwise I will really fall.

 

Besides, I have to overcome the nature of blinking. You know when the fist comes, people’s subconscious fear will make you blink, but the blind can’t. For this reason, I made a lot of efforts and changes in shooting.

 

I mentioned that I am very similar to Lohan. I advocate and believe in unconditional love in my life, and I also believe that this emotion is of universal significance. I don’t think love is reversible. Many people say that love and hate each other because of love. In my opinion, it is not love. Love does not arise from anyone’s needs, nor is it a choice, nor is it an attachment. Love is love. It lies in sharing, not in controlling, and not in being tied together. Each individual in love should be independent, just like the pillars in a temple, keeping a distance from each other, but supporting the whole dome. The farther away they are, the larger the coverage will be.

 

I think it is the responsibility of filmmakers to create works with realistic themes and social significance. First of all, it is related to a sense of identity. If I interpret things or phenomena that don’t exist in life in a movie, it must be difficult to have empathy, which is like appearing in someone else’s life.

 

Movies should restore the social environment in an artistic way, create characters in life and convey a message. Of course, as a way of people’s leisure life, the entertainment of movies may be very important, but it is what we should pursue to do entertainment and theme expression at the same time.

 

I believe that human emotions are common all over the world. If you tell your story sincerely, then the information you want to convey will not be hindered by space. Almost all the good Indian movies depict characters, tell their feelings and relationships, and integrate our unique Indian culture.

 

In our past films, there were many elements of singing and dancing, and many feelings were conveyed through dancing and songs, which is new and special for the whole world. We can do this regardless of comedy or tragedy.

 

In recent years, everyone’s creative style has expanded, and we have more types of movies. However, it is obvious that the core of Indian movies is always the story of people, which is why China audiences accept and love Indian movies. We can easily find our sense of self-identity from the stories and emotions of the characters.

 

I am very grateful to the China audience for being so tolerant, open-minded to accept the cultures of different countries, including movies, and really appreciate it. I also felt this strong warmth when I came to China this time. The audience’s openness to culture has also benefited me a lot.

 

I’ve seen many Chinese films, and I really appreciate the artists in China. For example, I like Zhang Yimou’s harmony very much. After watching House of Flying Daggers, I was deeply impressed by the action design in it, so I also invited Cheng Xiaodong, the action director of the film, to come to India to cooperate with the Superman of India series. It can be said that he opened a door for me to understand China culture. If there is an opportunity in the future, I am very willing to cooperate with China filmmakers, especially those with kung fu themes.

Export to domestic sales to cultivate new advantages

By exporting to domestic sales, many foreign trade enterprises can have a chance to survive in the current shrinking international market. In the "China Branch" of the global market, foreign trade enterprises also need to actively cultivate new competitive advantages in terms of quality, service, technology, brand, standards, marketing and talents.

Nearly 300 high-quality foreign trade enterprises sell thousands of high-quality foreign trade products, such as home appliances, home textiles, clothing, shoes and specialty agricultural products, and the planned three-day export products-to-domestic sales activity was extended to the activity week … This was the hot scene during the series of activities of "Dressing up the Pedestrian Street for Foreign Trade Products" sponsored by the Ministry of Commerce and Zhejiang, Shaanxi and Chongqing provinces, which opened on July 25th.

Since the beginning of this year, affected by the COVID-19 epidemic, the international demand has shrunk, the orders of foreign trade enterprises have declined, and the enthusiasm and voice of exporting to domestic sales have been rising. At the same time, there is also great growth potential for exporting products to domestic market. Zhong Shan, Minister of Commerce, said at the press conference of the State Council Office in May that most foreign trade enterprises used to export only. Now, after the export was blocked, the government supports them to export to domestic sales. This work has now achieved results. In April, the domestic sales of export enterprises increased by 17%, indicating that high-quality foreign trade products are also welcomed by domestic consumers.

Yang Guoliang, deputy director of the Foreign Trade Department of the Ministry of Commerce, analyzed that from the perspective of domestic consumption, the national epidemic prevention and control war has achieved significant strategic results, and the domestic market demand is accelerating, providing a domestic market for export industries such as electronic household appliances, light industry, textiles and clothing, and agricultural products. From the perspective of investment, the promotion of new infrastructure, new urbanization and major projects in various places has brought new opportunities to export industries such as machinery and equipment, electrical and mechanical equipment and precision instruments. From the perspective of consumption upgrading, some foreign trade enterprises are shifting from traditional mass production to personalized customization, which can better meet the needs of domestic consumption upgrading. The rapid development of new modes, such as live broadcast with goods, has also opened up sales channels for foreign trade enterprises directly facing consumer groups.

On June 9th, the executive meeting in the State Council decided that in order to help foreign trade enterprises with nearly 200 million jobs out of difficulties, while encouraging enterprises to explore the international market, they should also support marketable export products to explore the domestic market. The General Office of the State Council recently issued the "Implementation Opinions on Supporting Export Products to Domestic Sales", which put forward 10 policy measures from three aspects: First, support export products to enter the domestic market, including speeding up market access for domestic sales, promoting the development of "same line, same standard and homogeneity" and strengthening intellectual property protection; Second, multi-channel support for domestic sales, including building a platform for domestic sales, giving play to the role of effective investment and accurately matching consumer demand; The third is to increase support, including improving the level of facilitation of domestic sales, providing financing services and support, increasing insurance support and strengthening financial support.

After the release of the "Implementation Opinions", many major foreign trade provinces quickly issued relevant policies to support enterprises to expand the domestic market and open up online sales channels. For example, many governments in Zhejiang Province and Pinduoduo signed a strategic cooperation agreement to help foreign trade enterprises switch to e-commerce platforms and promote export to domestic sales.

It is understood that the data of the tax authorities show that the export of some foreign trade products to domestic sales has indeed improved. For example, the Guangdong Provincial Taxation Bureau said that the export of communication equipment manufacturing industry, textile and garment industry and motor manufacturing industry has achieved outstanding results.

Li Danghui, deputy director of the Consumption Promotion Department of the Ministry of Commerce, said that more high-quality export products will be sold domestically, which will further enrich the domestic market supply, increase consumers’ choices, accurately meet demand, and promote consumption upgrading.

"Promoting export to domestic sales is a realistic choice for foreign trade enterprises to survive." Bai Ming, deputy director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, believes that the export to domestic sales is the result of foreign trade enterprises seeking a "safe haven" in the situation of shrinking external market demand. However, if we want to make a difference in the "China Branch" of the global market, we should not just position the "China Branch" as a "safe haven", but must make long-term strategic planning.

At present, foreign trade enterprises also face some difficulties in turning to domestic sales, mainly because some products have different standards at home and abroad. For example, the size of clothing exported to Europe and America is different from the domestic standard, and the style and domestic market demand are also different, so it is necessary to make targeted adjustment or transformation when transferring it to domestic sales; Selling some export products to domestic market often involves brand and trademark issues, and requires foreign authorization; Some foreign trade enterprises have been producing according to orders for a long time, lacking domestic marketing experience and team, and their brand awareness in China is not high. In addition, domestic sales also face the difference of market settlement mode. Domestic sales usually adopt credit sales mode, which takes up more funds and has relatively high risks.

"By exporting to domestic sales, many foreign trade enterprises can have a chance to survive in the current shrinking international market." Bai Ming also stressed that in the "China Branch" of the global market, foreign trade enterprises also need to actively cultivate new competitive advantages in terms of quality, service, technology, brand, standards, marketing and talents. Not only should China’s foreign trade enterprises stay green, but also China’s manufacturing should have a chance to win the future. (Reporter Feng Qiyu)

Country Garden is flat!

In August,It is exposed that the company is caught in liquidity difficulties and enters a state of "quasi-default";

In September,During the grace period of one month, Country Garden stepped on the line to pay the overdue US dollar debt coupon, temporarily avoiding default;

In October,That is, yesterday, Country Garden announced that the cash situation is still under pressure and will start overseas debt restructuring.

Reorganize,That is, housing enterprises cannot pay their debts on time.You need to roll over the debt to get some breathing space.

According to the existing statistics, Country Garden currently has 15 US dollar bonds in existence, involving a principal of about 9.3 billion US dollars. There is no principal due in 23 years, and there are 2 in 24 years.

The interest due this year is mainly the dollar debt bill, which means that Country Garden can’t afford the debt interest now.

To make an announcement is to tell everyone that they are going to lie flat.

Or Country Garden already knows that there is no chance to turn over. Instead of struggling, it is better to lie flat.

After all, people’s memories are still there.

For example, Lao Yang passed the position to Xiao Yang in order to get away with it.

For another example, Xiao Yang donated 20% of the shares of Country Garden Service in his hand, totaling 6.4 billion to Guoqiang Public Welfare Foundation for the development of charity, which is a typical transfer of high-quality assets.

Just like Evergrande, there is nothing to analyze.

Next, Country Garden can strive for a long debt restructuring cycle as long as it guarantees the delivery of the building according to the wishes of the top management.

During this period, Country Garden can make many adjustments to save itself. Just like Evergrande, it can still be delayed for two or three years after the thunderstorm.

However, if Country Garden keeps stepping on the red line like Evergrande, it will be hard to say.

According to the news reported by the media today, at the recent monthly meeting of Country Garden, Mo Bin, the president with an annual income of over 100 million yuan last year, explained the donation of shares in Yang Huiyan, revealed that the boss had sold his private jet, and excused himself by the way.

Share donation has already started, with the purpose of public welfare, but the timing is not good.Executives did earn some money a few years ago, but now their annual salary has been reduced to a minimum. The annual salary of themselves and Dr. Cheng has been reduced to 3 million and 1 million.

Let’s not say whether this explanation is useful or not, but we can see that the Evergrande incident did shock some people, but the degree of shock is hard to say.

But it doesn’t matter what Country Garden said. It’s only a matter of time before it falls.

In the first nine months of this year, Country Garden realized equity sales of 154.98 billion yuan, down 43.9% year-on-year, and down 65.4% compared with 2021.

Looking at it every month,In January, the sales of Country Garden was still 22 billion yuan, which fell to 12 billion yuan in July and 6.17 billion yuan in September.Compared with the average monthly sales of more than 40 billion in the peak period, it is just two words, which is sluggish.

So, why are Yang and Yang preparing for the thunderstorm? Because of the real sales situation of Country Garden, they know it too well.

And it’s really hard to turn things around.

More than 60% of the properties for sale in Country Garden are in third-and fourth-tier cities. It is a foregone conclusion that house prices in third-and fourth-tier cities will fall. What is waiting for Country Garden in the future isIf we get rid of difficulties and continue to lose money, asset valuation will continue to shrink.

In addition, in the case of public default and undiminished debts, whether it is first-and second-tier real estate or third-and fourth-tier real estate, the sales end will face a devastating plunge.

This is the vicious circle of public debt default thunder.

In other words, the real challenges and pressures of Country Garden are still behind.

This is obvious and invisible on the surface, as well as the tremendous pressure brought by foreign exchange fluctuations, and the "borrowing the new and returning the old" can’t go on.

In August, Country Garden issued an announcement summarizing that one of the reasons for the loss was the expected net exchange loss caused by foreign exchange fluctuations.

To put it simply, the domestic sales rebate is RMB, and the overseas repayment is US dollars. There is an exchange rate problem.

In the past, the interest rate of the US dollar was low. In the past two years, the Federal Reserve continued to raise interest rates, and the interest rate of the US debt was close to 6%. At the same time, the RMB was also in a weak state, and the floating profit had long since become a floating loss.

It means that it may be six dollars when you borrow it, but you have to pay seven dollars when you return it. Not only did you not pay less, but you also had to pay more.

According to the published data, in 2022, Country Garden lost 8.4 billion yuan and Evergrande lost 9.6 billion yuan because of the exchange rate.

In addition, the interest rate of American debt continues to rise, and "borrowing the new and returning the old" can no longer be played.

After the deleveraging of domestic real estate, many real estate enterprises ran abroad to borrow US dollar debt because they could not get money from banks. Originally, it was quite good and smooth, but after the interest rate of American debt continued to rise, the financing cost became higher and higher, and the road of borrowing new and returning old was blocked.

Country Garden is notoriously afraid to borrow money. Before that, the former chief financial officer of Country Garden wrote a book, which told me to spend 1000 days in Country Garden, revealing many details of Country Garden’s borrowing money. Because the content was too true, it was blocked by President Yang.

It mentioned that President Yang borrowed GLD, and also mentioned that President Yang gambled with international capital. In short, the interest rolled up to several hundred million, but the money it actually earned was not enough.

With more debts, I thought about desperately taking land and developing quickly, but with a large scale, the operation will no longer be fine. In the current market, there is no suspense in the outcome. Country Garden in the first half of this yearThe assets are 1.62 trillion, and the liabilities are 1.36 trillion.More than half of the assets are projects under construction and properties for sale.

Country Garden has made the same mistake as Evergrande today.

What is the ending of Country Garden? Is it the next Evergrande? Or the next Sunac?

This is not difficult to answer. Like Evergrande, it is impossible to rescue directly with invisible hands, because the financial burden cannot be borne, and we can only look at the market.

The market of the third and fourth lines is already established. What are we looking at?

To sum up, there are two points:

1. Can the price be greatly reduced, and the price will be exchanged for the amount, which will pull back the blood;

2. Whether it is possible to realize the massive blood transfusion of financial institutions.

At present, these two points are unrealistic.

1、Recently, Huizhou’s 50% discount on selling houses has been stopped. This is not the first time that a place has stopped selling houses at a discount.

2、Financial institutions should be responsible for their own profits and losses, at their own risk, and giving blood transfusion to housing enterprises like Country Garden is tantamount to beating dogs with meat buns.

Therefore, the end of the next Country Garden, including many private housing enterprises that have already gone out of danger, has been decided. Now I hope that the Baojiao Building that everyone has vowed to shout out can really fall.

Current statistics on Country Garden:

The house that hasn’t been handed in yet,There are about 600 billion, which is more than 600 thousand families according to 1 million suites, but the reality is definitely more than that;

Money owed to suppliers,There are about 300-400 billion;

Money owed to financial institutions,There are about 260 billion.

For the ending of Country Garden, you can also express your views in the comment area ~

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Can you carry the banner to test SAIC Volkswagen Huiang 380TSI?

Power and chassis: 2.0T+7, using MLB platform.

  This test is equipped with the third generation EA888 2.0T, which is matched with the 7-speed G (wet) powershift. This power system is also its star product. The maximum engine horsepower is 224 HP /4500-6250rpm, and the peak value is 350 Nm /1500-4500rpm.

SAIC Volkswagen Huiang 2016 380TSI Basic Model

SAIC Volkswagen Huiang 2016 380TSI DSG Basic Model

  Although I look forward to the performance of the 3.0 model as much as everyone else, to be fair, the main sales force of Huiang in China market in the future will definitely be the 2.0T model, and the former has more significance just to prop up the facade of this flagship model.

SAIC Volkswagen Huiang 2016 380TSI DSG Basic Model

  In terms of chassis, Huiang adopted MLB platform, so the engine was changed to vertical layout. However, the 380 model we tested only adopted a new drive form. According to the news we obtained before, all 3.0 supercharged models will be equipped with four-wheel drive systems. The first five links and the rear trapezoidal link are adopted, and the model tested this time is not equipped with DCC variable suspension system.

Driving experience: calm and comfortable

  Just like almost all Volkswagen models I have driven before, Huiang doesn’t need a long time for people and cars, and it can be easily controlled. When I first came into contact with Huiang, I felt very similar to my own Passat. After all, these two models are mainly administrative and business-oriented, and the whole vehicle adjustment is obviously comfortable.

SAIC Volkswagen Huiang 2016 380TSI Basic Model

SAIC Volkswagen Huiang 2016 380TSI Basic Model

  With linear throttle response, moderate steering wheel feedback and soft suspension damping, Huiang can create quite excellent driving quality, which can be summed up in a rotten but easy-to-understand word: solid. I’m sorry I really can’t think of a more appropriate description than this word, but it’s true.

SAIC Volkswagen Huiang 2016 380TSI Basic Model

SAIC Volkswagen Huiang 2016 380TSI Basic Model

SAIC Volkswagen Huiang 2016 380TSI Basic Model

  Although the 2.0T engine sounds less exciting than the 3.0L supercharge, it can bring a brisk acceleration feeling in any speed range. The throttle response in D gear mode will be slightly dull, which is estimated to be an adjustment made to take care of passengers’ comfort. After stepping on the accelerator deeply, the downshift is positive, which is consistent with DSG’s consistent performance. In addition, the shift movement at low speed is also quite gentle, which can be compared with the manual transmission.

SAIC Volkswagen Huiang 2016 380TSI Basic Model

  When it is shifted to S gear, the usual split personality phenomenon of the public has not been reflected much in Hui Ang. The only difference with D gear is that the opportunity to shift gears is greatly delayed. After all, the maximum power speed range of this engine is not low, and the driving computer will maintain the speed above 3000rpm, so that each throttle can urge the vehicle to run forward quickly. But … Hui Ang, flying on the road, doesn’t seem to be in tune with its steady aura.

SAIC Volkswagen Huiang 2016 380TSI Basic Model

  The feedback of Huiang steering wheel keeps the clear road sense of Volkswagen models, and it is not as if there is a thick sponge between the car body and the road like the new models. As for whether this adjustment is good or bad, it really varies from person to person. Personally, I still prefer this setting. After all, accurate steering and powerful steering wheel feedback can make me feel more practical.

SAIC Volkswagen Huiang 2016 380TSI Basic Model

  I believe many friends are also curious about the difference in driving experience between Huiang and Passat. In fact, I began to ponder how to describe this car when I got it, but it is really difficult to express it figuratively. If Passat gives me the impression that it is "easy to drive" and "comfortable", then Huiang not only retains the gene of "easy to drive" but also has a great improvement in comfort. The spacious interior space, excellent sound insulation, comfortable seats and properly adjusted suspension system can make Huiang have a great leap in sensory quality. The accumulation of advantages can always achieve the effect of 1+1 > 2, which may explain why Huiang is far superior to his fellow brothers in driving experience.

SAIC Volkswagen Huiang 2016 380TSI Basic Model

  On the whole, Hui ‘ang has basically nothing to be picky about in driving and riding. The driving experience is steady, the power is brisk, and the excellent riding comfort created by various factors has not sacrificed a certain sense of road, and the overall performance is more balanced. It’s just that our test model is not equipped with DCC. As for whether it can be optional, we are not clear at present. If this system can be blessed, it will perform better.

The configuration is high enough and the price is high enough. Chery Fengyun T9 has been on the market for 129,900.

On May 21st, Chery officially went on the market. The car launched five models, with an official guide price of 129,900-169,900 yuan. It positioned a medium-sized plug-in hybrid SUV, providing 5-seat and 7-seat layouts, equipped with Kunpeng Super Hybrid System, and CLTC has a pure electric battery life of 120km. In August, it will launch a 3-speed DHT model with a pure electric battery life of 200km.

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At the press conference, the official announced the purchase of a car with a surprise value of 34,000 yuan, including the replacement of a car with a maximum subsidy of 15,000 yuan, the lifetime warranty of Sandian with a value of 6,000 yuan, the lifetime warranty of the whole vehicle with a value of 10,000 yuan, the 2-year free entertainment traffic (2G/ month)+the lifetime free basic traffic, the free gift of a charging pile and installation service with a value of 3,000 yuan, the lifetime free road teaching aid+the lifetime FOTA upgrade of the vehicle.

Fengyun T9 adopts a closed front face design, decorated with hollow decorative strips, and the headlights on both sides are sharp in shape, and the overall design is avant-garde and atmospheric. The lines of the car body are smooth, and the design of the suspended roof adds a sense of fashion. The length, width and height of the car body are 4795/1930/1738 (7 seats, 1741)mm, and the wheelbase is 2770 mm. The exhaust layout at the rear of the car enhances the sense of movement.

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The interior features a dual-screen design, a 10-inch full LCD instrument and a 15.6-inch 2.5K high-definition large screen. Qualcomm Snapdragon 8155 chip and 5G Gigabit Ethernet are built in. The main driver supports 6-way adjustment +4-way lumbar support adjustment, and is equipped with backrest/cushion with 3-speed ventilation and 3-speed heating. The Queen’s co-driver has the functions of one-button reclining and 10-point massage, and the maximum opening angle of leg support can reach 128, and the maximum opening angle of cushion backrest can reach 125.

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The second row seats of the seven-seat model can be moved by one button, which is convenient for entering and leaving the third row. The second and third rows support one-button reclining, and the second becomes a 2.1m2 big bed. Of course, 540-degree panoramic images, 256-color ambient lights, 50W mobile phone wireless fast charging, high-definition HUD head-up display system and L2+ level assisted driving +ENC active noise reduction are not absent.

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Fengyun T9 is equipped with Kunpeng Super Hybrid System, which consists of the fifth generation ACTECO 1.5TGDI hybrid engine+hybrid special gearbox+hybrid special battery management system. The thermal efficiency of the engine reaches 44.5%, the maximum power is 115kW, the maximum torque is 220Nm, the maximum motor power rate is 150kW, the maximum torque is 310Nm, the comprehensive maximum power is 265kW, and the power battery capacity is 19.43kWh. It can achieve 30%-80% energy-supplementing efficiency in 20 minutes, matching with a single-gear DHT gearbox. This set of power can be automatically switched between pure electric/hybrid/extended range/fuel four driving modes according to the use scenario. The CLTC pure electric cruising range is 120km, and the WLTC comprehensive cruising range exceeds 1400km.

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Fengyun T9 can meet the needs of different consumers in all aspects in terms of face value, configuration, technology configuration, safety and power, except for the surprise price. Although Chery is not good at marketing, it does bring consumers the most valuable and reliable products. Comparing competing products from the price, this car can’t be described by volume, but it can only be said that it is a table.

Tesla Model Y suddenly cut the price by10,000! Owner’s rights protection: refund me 10 thousand yuan

  A few days ago, Tesla officially announced that it would order to pick up the car before the end of the year. The final payment of the Model Y rear-drive version and the long-life all-wheel drive version was reduced by 10,000 yuan, and the price started at 239,900 yuan. The sudden price reduction of Tesla Model Y made the old car owners who had just picked up the car dissatisfied, and the car owners once again staged the story of "protecting rights by reducing prices".

Ranger network

  A few days ago, a number of Tesla Model Y owners posted the "Tesla Price Reduction Rights Protection Statement" on the Internet.

Ranger network

  An activist car owner introduced that he ordered a Model Y in Tesla’s official sales channel on November 3, 2024, and successfully paid the full amount of the final payment under the constant urging of sales and delivery personnel. The car was picked up on November 16.

  However, less than ten days after picking up the car, that is, on November 25, Tesla officially announced that it would cut the price of Model Y by 10,000 yuan, which seriously damaged its economic interests.

  The owner introduced that he repeatedly confirmed the price and preferential policies to the sales staff during the car purchase. The other party replied that it was the lowest price after receiving the subsidy, but Tesla’s sudden price reduction made him suffer unnecessary economic losses.

  The rights-defending car owner asked Tesla officials to give him reasonable compensation and explanation, refund 10,000 yuan lost due to price reduction, or provide equivalent compensation such as vehicle upgrade service or extended warranty.

  At present, Tesla has not responded to the demands of rights-defending car owners.

Ranger network