杭州西湖阁

　　April 18th, the high-profile annual event of the automobile industry — — The 20th Shanghai International Automobile Industry Exhibition opened in the National Convention and Exhibition Center (Shanghai). With the theme of "Go New, march towards a great future together", SAIC-GM presented 34 models of exhibition cars with its Buick, Chevrolet and Cadillac brands.

　　The three brand booths of SAIC-GM located in Hall 3 are full of stars and colorful. Among them, the newly listed Buick ELECTRA E5 leapfrog five-seat smart electric SUV entered the auto show stage for the first time, and joined hands with Buick flagship MPV— — CENTURY, the strength of Buick brand "the more new" rejuvenation style; Cadillac consists of luxury pure electric medium and large SUV— — LYRIQ led by sharp songs, with rear-drive car family and SUV product matrix, showing brand pioneer design and new American luxury style; Chevrolet brings the first Ultium platform pure electric concept car FNR-XE, the newly upgraded Chevrolet SUV family and the high-performance product camp, which is a new interpretation of the brand’s extraordinary and new life. The strong exhibition lineup, together with the wonderful interaction and creative exhibition integrating cutting-edge technology and brand culture, not only presents the latest achievements of the three major brands in actively promoting the development of electrification and intelligent networking, but also clearly reflects the unremitting efforts of SAIC-GM to revitalize and accelerate its transformation and "lead smart travel and achieve a better life with innovative automobile products and services".

　　"Primary Pure Electricity" Buick ELECTRA E5 booth attracts attention "Work of the CENTURY" Buick Century is popular.

　　Buick’s 14 exhibition cars highlight the brand’s "new life"

　　Buick brand brought 14 exhibition cars to the Shanghai International Auto Show. Among them, the leapfrog five-seat smart electric SUV just listed on April 13th & mdash; — Buick ELECTRA E5 made its first public appearance, and made its debut with Buick flagship MPV— — CENTURY has jointly led Buick MPV, SUV, sedan family and other heavy-duty models, and demonstrated the "new life" of the brand-new Buick with a full range of product matrices and refreshing booth technology interaction.

Buick booth gathered MPV, SUV, car family and new energy products.

　　As the brand’s first mass-produced model based on Ultium Ultrapower electric vehicle platform, Buick ELECTRA E5 has become an absolute eye-catching highlight on the Buick booth. The new car adopts a new electric vehicle design language, has a leapfrog quality space and an advanced and reliable three-electric system. It is equipped with a new generation of VCS smart cockpit and iterative update of eConnect Zhilian Technology, and will also open the SUPER CRUISE super assisted driving system in the future; At the same time, with strict development and test standards, it will bring consumers a safer, smarter, more comfortable and more temperature-sensitive new energy travel experience. The price of Buick ELECTRA E5, a five-seat smart SUV, starts from 208,900 yuan. At present, it has been fully launched. Users can pay a deposit of 3,000 yuan to complete the reservation by downloading iBuick App or WeChat search Buick applet, and enjoy rich rights and interests of car owners.

Buick ELECTRA E5 cooperates with ELECTRA E5 Avia to meet the travel needs of mainstream users in China.

　　Another popular role of Buick booth is the large-scale technology luxury MPV— — Buick CENTURY. It inherits the deep accumulation of Buick brand’s high-end MPV product development for more than 20 years. Based on the new large-scale luxury MPV architecture development, it not only adopts the brand-new PURE Design concept, but also gathers a number of breakthrough industry-leading technologies, perfect high-grade materials and unique process details, and sets a new market standard of more comfort, luxury, technology and safety. Since its listing in November last year, Buick CENTURY has been favored by many industry leaders, cultural celebrities and high-net-worth families in the new era.

Buick CENTURY creates an unprecedented distinguished travel experience for users.

　　These two brand-new models "Double Star" reflect each other, which proves the strength of Buick brand’s accelerated transformation to electrification, intelligence and high-end. Under their leadership, Buick brand assembled its booth with four new product series: MPV, car, SUV and new energy. Among them, Buick GL8 ES LUZun and GL8 land business class of "Yishang IKEA" continue to show the calm attitude of leading models in the large MPV market by surpassing the same level of luxury quality, comfortable performance and intelligent technology; The Buick SUV family not only went on stage, but also brought interesting GS pet modified cars, which attracted the attention of "shovel officials". These new cars and best-selling players, together with Buick ELECTRA-X pure electric concept SUV, more fully demonstrate the ever-increasing product strength of Buick brand.

Buick High-spirited pet modified car makes Meng Chong’s life more exciting.

　　In addition to the rich lineup of models, the styling design and interactive experience of Buick booth have also been upgraded. Inspired by the PURE Design concept of Pure Design, the Buick booth is centered on the pure electric main stage, showing an outward extended rhythmic shape, which explains the exhibition theme of "brand-new Buick is reborn"; The flowing metal texture and the rigid and flexible folding surface create a stronger visual impact, and the sense of science and technology is full. In addition, the Buick booth also has exclusive experience areas such as ELECTRA smart space, VCS multi-dimensional interactive stage, Buick Century multi-scene luxury space display, and Space Capsule space shuttle. Among them, ELECTRA Smart Space has demonstrated many leading technologies of Buick brand in the era of smart electric by means of digital devices on Ultranium platform and SUPER CRUISE super assisted driving interactive show. While experiencing Buick’s technology and art in an immersive way, the audience can also interact with each other on the spot and get rich gifts.

ELECTRA smart space vividly presents the technical advantages of Ultium platform.

Buick Century Multi-Scenes Luxury Space Simulation Multi-car Scenes

　　Pure electric LYRIQ sharp song leads the new debut of 2023 CT5.

　　Cadillac brought 11 exhibition cars to the auto show.

　　The Cadillac brand brought 11 exhibition cars to form an all-star lineup at this year’s Shanghai Auto Show. Together with the immersive booth technology interaction, the brand’s new American luxury and avant-garde design sense were fully displayed.

Cadillac All-Star Team Appears to Show New American Luxury and Pioneer Design in All Aspects.

　　At this auto show, the Cadillac booth was led by the pure electric LYRIQ sharp song four-wheel drive high-performance version and the rear-drive long-life version. As the first luxury model of the Otneng electric vehicle platform in China, Ruige has excellent performance such as a long cruising range of 653 kilometers and support for fast charging in the whole life cycle. At the same time, Ruige creatively combines innovative technology with pioneer luxury, and has upgraded the whole system with a new generation of SUPER CRUISE super assisted driving system. With the first DMS driver monitoring system and unique vibrating seat and steering wheel light strip, it integrates HoLCA intelligent lane centering assistance and other functions, bringing users a safe and relaxed luxury pure electric experience.

Cadillac pure electric LYRIQ sharp song four-wheel drive high-performance version & rear drive long battery life version led the debut

Cadillac SUPER CRUISE Intelligent Experience Cabin

　　In addition to the charm of pure electric vehicles, the Cadillac fuel car camp also demonstrates the strength of hard-core products. The "New American Luxury Rear-Drive Car Family" consisting of CT4, CT5 and CT6 assembled the booth, in which the star model CT5 ushered in a new upgrade, adding new colors of Alaska White, Manhattan Gray and Danube Blue, optimizing and upgrading a number of configurations, bringing users a new experience from quality to style. At the same time, Cadillac XT4, XT5 and XT6 also appeared together to show the strong comprehensive strength of the "new American luxury SUV product matrix".

Cadillac CT5, a new American-style sedan, is renewed and upgraded.

Cadillac CT5 and CT4 inherit the track genes and debut together.

Cadillac XT6 Black Diamond Edition California Red Cloud Direct-Selling

　　Not only that, Cadillac service brand "Cadillac LIKE U" will also usher in an advanced service, and a new upgrade will launch the "exclusive scooter" service. During the warranty period, when the owner’s car needs to stay in the store for maintenance, he can make an appointment for a free scooter. Cadillac will provide models including the flagship model CT6, which will make travel worry-free and worry-free. The upgraded "Kaidi LIKE U" service will be provided with the following services: door-to-door pick-up and delivery of the car, charging on behalf of the driver, exclusive scooter, many-to-one service, delayed waiting for you, car delivery on demand, full-time rescue, all-weather guarding, carefree charging and workshop.

15 service courtesy of Cadillac service brand "Kaidi Like U" to create a respectful and intelligent service experience for customers.

　　Adhering to the spirit of vitality and exploration, interpreting extraordinary and new life

　　Chevrolet unveiled with 9 exhibition cars.

　　At this year’s Shanghai Auto Show, Chevrolet made its debut with nine main models. Among them, FNR-XE, Chevrolet’s first pure electric concept car based on the Autodyne platform, joined hands with the newly upgraded Chevrolet SUV family, Mai Rui Bao XL and modified cars to have a more scientific and technological sense and immersive multi-dimensional interactive experience, which completely interpreted Chevrolet’s extraordinary and new life.

Chevrolet made its debut with the strength of nine main models, which was a new interpretation of the brand’s extraordinary and new life.

　　Chevrolet’s first concept car FNR-XE is the C-star of this booth. Adhering to the aesthetic design concept of vitality, FNR-XE shows a futuristic vehicle posture with its capable and powerful profile lines and metallic arc blue body. The front of the car adopts an integrated blackening technology front face, and the penetrating headlights are in harmony with the digital butterfly wing grille; The flapping dual-element taillights at the rear of the car cooperate with the active liftable tail and aerodynamic spoiler to create an aesthetic atmosphere of avant-garde technology. In the interior, FNR-XE’s family-oriented intelligent cockpit is made of sustainable and environmentally friendly materials. The unique adaptive seat, suspended quiet center console, interactive smart big screen and rear entertainment base integrate cool technology, comfortable life and game interaction, and interpret the brand’s infinite imagination of intelligent electrification life in the future.

The FNR-XE, Chevrolet’s first concept car of Autoenergy pure electric vehicle, interprets the infinite imagination of intelligent electrification life in the future.

　　On the left side of the main booth is the outdoor camping area inspired by Yellowstone National Park, where American 7-seat SUV Chevrolet pioneers, 9AT mid-level SUV explorers, compact SUV star Milo and "No.1 Steel Gun" Chuangkuo RS gather together to show the tough and reliable hard-core strength of Chevrolet SUV family after rejuvenation and upgrading, as well as the vitality and exploration spirit of brand inheritance for a hundred years. Among them, the newly listed version of Xingmailuo Redline Obsolete Black Bee has a sporty Redline red and black contrast design, which sets off a more powerful and trendy vehicle shape. Its front face is decorated with bright red grille strips, and the bright red logo is embedded in the obsidian black exterior rearview mirror and the 18-inch obsidian black five-spoke wheel hub; The barrel-type air outlet in the car is decorated with bright red lines, the steering wheel and door panel are wrapped in suede, and the ergonomic seat is made of bright red and white clouds with perforated leather to ensure ride comfort. As the official customized painted version provided by Chevrolet, the Stellar Redline Obsidian Black Bee Edition shows the unique charm of "Little Hornet" with its cool body and classic red and black elements, and it will provide consumers with more fashionable and diversified personalized car choices together with the Stellar RS model.

Chevrolet SUV family collectively unveiled at Shanghai Auto Show.

The Redline version of Star Myro shows the unique charm of "Little Hornet" with cool body and classic red and black elements.

Punch the historical interactive wall and relive the classic moments of the brand in the past 112 years.

　　Chevrolet also set up five interactive zones and as many as 12 interactive experiences at the scene, bringing more impact and immersive brand culture experience to the audience. In the exclusive interactive area of FNR-XE, you can "travel through time and space" by scanning the on-site QR code, and feel the future intelligent travel experience brought by FNR-XE; In the SUV camping area, you can "explore" all kinds of wild animals through the AR telescope. The five senses experience space takes "sports spirit", "jungle secret" and "tactile corridor" as three themes, vividly showing the Chevrolet brand’s dream-seeking, all-way exploration and passionate spirit; The interactive wall of Chevrolet history allows the audience to travel through time and relive the brilliant mark left by the brand in the history of world automobile industry development in the past 112 years. At the same time, naked-eye 3D, Avenue of Stars, Secret Service Room, Chevy X Blind Box Wall, etc. also bring interesting multi-dimensional interactive experience, presenting the brand image of Chevrolet classic heritage and trend innovation in all directions. (Photo courtesy of SAIC General Motors)

　　Economic Daily-China Economic Net, Beijing, July 13 (Reporter Ma Changyan) In the first half of this year, the national real estate regulation and control policies have exceeded 300 times. How will the real estate regulation and control go in the second half of this year? Will the real estate regulation be relaxed in order to further stimulate economic recovery in the future? On July 9, China Renmin University China Macroeconomic Forum released a special report, pointing out that with the epidemic basically under control, all walks of life have resumed production and work in an all-round way, the real estate market is recovering rapidly, and the super-differentiation pattern has been further strengthened. Under the super-differentiated market structure, structural risks are more prominent, and the determination of regulation and control and the requirements for accuracy are further improved. In the future, China’s real estate market industry will show the characteristics of "super-differentiation of the market and firm regulation of policies" for a long time.

　　The market is recovering well.

　　Qin Hong, a senior researcher at the National Development and Strategy Institute of Renmin University of China, a major member of the China Macroeconomic Forum (CMF) and former director of the Policy Research Center of the Ministry of Housing and Urban-Rural Development, released a special report on CMF China’s macroeconomics on behalf of the forum. Qin Hong pointed out that China’s real estate market is recovering rapidly after the epidemic, and the performance of relevant indicators is relatively good.

　　The cumulative year-on-year decline in the transaction scale of new houses continued to narrow, and prices rose steadily. In terms of transaction volume, from January to April, the national real estate sales area decreased by 19% and the sales volume decreased by 13%, but the decline in sales area narrowed by 7 percentage points compared with that in January-March. The transaction scale of urban commercial housing continued to improve, and the transaction scale of some cities in May has achieved positive growth year-on-year. In terms of price, according to the 100-city price index of the Central Finger Research Institute, the price of new residential buildings in 100 cities increased by 0.31% in May, and increased by 0.74% from January to May, which was 0.34 percentage points lower than the same period of last year. The cumulative increase was still the lowest in the same period of the past five years, and the price showed the characteristics of steady and rising.

　　The land market is shrinking in volume and rising in price, and continues to heat up. From January to May, the supply and demand scale of residential land in 300 cities nationwide decreased year-on-year. Among them, the supply and demand of residential land in first-tier cities have increased significantly, and the transaction scale of second-tier and third-and fourth-tier cities has declined. The heat of the land market has obviously increased, and the average floor price and premium rate have reached a stage high. From January to May, the average floor price of homestead transactions increased by 20.9% year-on-year.

　　The growth rate of real estate development investment is better than that of fixed assets investment and infrastructure investment. According to the data released by the National Bureau of Statistics, the national fixed asset investment (excluding farmers) decreased by 10.3% from January to April, of which infrastructure investment decreased by 11.8%, manufacturing investment decreased by 18.8% and real estate development investment decreased by 3.3%. Overall, the resilience of the real estate investment side still exists.

　　Show a pattern of super differentiation

　　"After the epidemic, differentiation is not enough to describe the changes in the real estate market, and there has been a pattern of super differentiation in the real estate market." Qin Hong said.

　　The report shows that after more than 20 years of development after the reform of the urban housing system, the sales scale of the real estate market has increased from 100 million square meters in 1998 to 1.7 billion square meters in 2019, an increase of 16 times. At the same time of the total growth, the real estate market has been divided, and the market share of enterprises, financing costs, land reserve pattern, corporate profitability and real estate markets in different cities have all been divided. Under the epidemic, this differentiation is further intensified.

　　In terms of real estate enterprises, the intensification of differentiation appeared in 2015. From 2016 to 2019, the proportion of sales of the top 100 enterprises increased by 24.8% in four years, which is increasing at an average annual rate of 6%. Under the influence of the epidemic, the sales area and sales volume of the national real estate market were still negative in the first half of the year, but the threshold value of the top three real estate enterprises increased by 8.85 points, and that of the top ten real estate enterprises increased by 5.2 percentage points.

　　From the perspective of enterprise financing scale, the financing scale of overseas debt and credit debt of the top 30 real estate development enterprises accounted for 64% of the top 100 enterprises in the first half of this year; From the perspective of financing cost, taking the cost of credit bonds issued by real estate enterprises in April as an example, the financing cost of enterprises with the lowest cost and enterprises with the highest cost is five times worse; Judging from the land market, the number of land acquired by the top 30 real estate enterprises in the first half of this year accounted for 85% of the top 50 enterprises. The larger the enterprise scale, the lower the floor land price; The smaller the enterprise scale, the higher the floor land price. There is also a very obvious gap in the cost of land acquisition for enterprises.

　　There are also obvious differences in the performance of real estate market in different cities. From the perspective of cities, the land acquisition of the top 100 real estate enterprises in the first half of this year was mainly concentrated in five urban agglomerations, accounting for 60% of the land acquisition scale, of which one urban agglomeration in the Yangtze River Delta accounted for 30% of the land acquisition scale of the top 100 enterprises. Judging from housing prices, more than half of the top 20 cities in the first half of this year are concentrated in the Yangtze River Delta region. Not only between cities, but also within cities. In addition, there is super differentiation between residential real estate and commercial real estate, real estate demand in different lots and inventory of different housing enterprises.

　　Firmly control the policy direction.

　　In order to promote the stable and healthy development of the real estate market, since the beginning of this year, the central government has repeatedly set the tone for the real estate policy. In April, the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting mentioned that "houses should be used for living, not for speculation, so as to promote the stable and healthy development of the real estate market". In May, the government work report emphasized that "the house should be used for living, not for speculation, so as to promote the stable and healthy development of the real estate market."

　　According to the statistics of the Central Plains Real Estate Research Center, the number of policies issued nationwide to stabilize the property market in the first half of this year was 304, up 21% year-on-year, setting a new historical record for the number of regulation in half a year. From January to April this year, the number of real estate regulation and control reached 238. With the stability of the real estate market, the number of real estate regulation and control decreased significantly, 35 times in May and 31 times in June.

　　The report pointed out that maintaining the stability of housing prices is crucial to China’s economic and social stability and financial security. In the medium and long term, China’s current housing prices are at a high level, and the fundamental contradiction in the real estate market has not been substantially resolved. The super differentiation of the real estate market makes it more difficult for real estate to regulate and deal with risks.

　　In this context, the report believes that the real estate market still needs to be firmly regulated in the future, and it is necessary to maintain "five invariants" in the direction of policy. First, the strategic positioning of "housing and not speculating" remains unchanged. The key to the policy is the word "speculation" to prevent the rebound of real estate speculation. Second, the supply system of "renting and selling at the same time" remains unchanged. The key to the policy is the word "rent" to develop the housing rental market. Third, the regulation mechanism of "policy by city" remains unchanged. The key to the policy is the word "city", and the city government takes overall responsibility for the stability of the local real estate market. The fourth is to achieve the goal of "three stabilities". The key to the policy is "stability" to prevent the market from ups and downs. Fifth, the real estate financial policy remained stable. The real estate market has always been highly sensitive to monetary policy, and the key to the policy is to stabilize the mortgage interest rate.

　　In view of the development status of China’s real estate market, Qin Hong put forward five suggestions on behalf of the forum research group: First, we should still take the goal of stabilizing housing prices, take measures according to the city, and grasp the pace of real estate development. The second is to coordinate the development and regulation of real estate with the metropolitan area as the scope. The third is to guide the transformation and upgrading of the real estate industry with urban renewal as the starting point. The fourth is to control risks as the bottom line and reserve policies and measures for various camera decisions. Fifth, systematic market monitoring is carried out with indicators such as quantity, price and finance as the core.

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