[car home Car Purchase Manual] In early September, we made an online (|) (hereinafter referred to as SAIC Chase V80) for everyone, and the discussion was very hot. Some friends wanted to ask more out of curiosity, while others wanted to buy a car, but they were "stunned" by dozens of models and didn’t know how to choose. To this end, I specially made a car purchase manual for everyone, hoping to help everyone find the right model more conveniently and quickly.

　　Last time we did an incomplete statistics online, there were more than 60 optional models of SAIC Chase V80, which had to be cross-contrasted one by one, even if we could stand it patiently, our eyes couldn’t stand it. Actually,We can start from the big category and refine it, and gradually find the right product for you..

　　Different from the past, other car purchase manuals are mainly from the perspective of cost performance.As a commercial vehicle, the main purpose of SAIC Chase V80 is to do things for you and earn money. Which model can do things for you is the key, and the difference in configuration is mainly realized in the selection of packaging..

　　Then let’s start this process. SAIC Chase V80 can be divided into two categories: classic V80 and V80 PLUS. Literally, it is very good to judge that V80 PLUS is an upgraded version. There are differences between them in internal and external design, vehicle selection and power. Let’s start with the classic V80 model of SAIC Chase.

"SAIC Chase V80 Classic"

"SAIC Chase V80 PLUS』"

　　The classic model of SAIC Chase V80 is relatively affordable, and the model guide price range is 108,800-151,800 yuan.The interior and exterior styling belongs to the people, and the position of the interior dashboard is somewhat special. It needs to be adapted in the middle of the center console.There are two classic models: City King and Aoyuntong. City King is a blind window logistics vehicle. Aoyuntong Positioning Multifunctional Vehicle, can give attention to both personnel and tools transportation, transportation. Power is equipped with a 2.0T diesel engine, with a maximum power of 127 HP and a maximum torque of 320 Nm. The traditional system has 6MT and 6 MT to match it.

◆ SAIC Chase V80 Classic

◆　Chengpeiwang

　　The city king can easily understand his position by listening to his name.The biggest advantage of logistics vehicles is the maximization of cargo compartment space.The design of the blind window is also better for the protection of the car body, so there is no need to worry about the mixed loading of passengers and goods. The seat of the city king isSingle row of 3 seats, the load number is 3 people.

"SAIC Chase V80 Classic City Match King"

　　City distribution king has two wheelbase models with short axle and long axle.The short-axle model has a wheelbase of 3100mm and a length of 4,950 mm. Compared with the long-axle model, it has better flexibility.Short-axle models have two heights: ultra-low top and middle top.How to choose these two heights depends mainly on your car working conditions.The height of the ultra-low roof model is 2070mm, which is not bound by the height limit of 2.1 meters and 2.2 meters in some office buildings or underground parking lots of shopping malls.Urban driving is unimpeded.The height of the mid-top model is 2345 mm.The cargo compartment is higher in height and larger in volume.If there are no restrictions on your car area, the mid-top model expands the cargo compartment space.In terms of price, the guide price of 6MT short-axis ultra-low top/mid-top model is 108,800 yuan, and that of 6AMT model is increased by 5,000 yuan.

　　Long-axle models have a wheelbase of 3850mm and a length of 5,700 mm. There are two kinds of heights: the middle roof and the high roof. We mentioned the height of the middle roof just now, which is 2345mm；; The height of the high-top model is 2552mm, and the selection idea is the same as that of the short-axle model. Consider the height limit of your car area. In terms of price, the guide price of the 6MT long-axis mid-top model is 128,800 yuan; The long-axis high-top model is136,800 yuan; The 6AMT model increased by RMB 5,000 on the basis of this price.

◆　Aoyuntong

　　Aoyuntong belongs to a car that can take care of both people and goods., its logistics ability is not as strong as that of the city with the king, but the number of people with loads is more advantageous. Similarly,There are two kinds of wheelbase: short axis and long axis..

　　　The short axle version has a wheelbase of 3100mm and a vehicle length of 4950mm, and there are two types: ultra-low top and middle top., with heights of 2070mm and 2345mm respectively,The advantage of the ultra-low top model is that it is almost not limited by high influence, and the mid-top model has more room in the car, making it easier to get in and out of the car or take things.The number of seats can be selected from 5-9 seats, among which the space for pulling people and carrying goods is relatively average for 5-6 seat models, and the guide price for 6MT models is 118,800 yuan, while the 7-,8-and 9-seat models have more advantages in the load of people, of course, the space for carrying goods will be reduced accordingly, and the guide price for 6MT models is 121,800 yuan. The 6AMT model increased by RMB 5,000 on the basis of this price.

"Aoyuntong Long Axis Center Top"

　　Long-axle models have a wheelbase of 3850mm and a length of 5700mm, and there are two types: middle roof and high roof.The height is 2345mm and 2552mm respectively, and the seats have four layouts of 6/7/8/9 seats, which has more space than the short-axis models, but there must be some trade-offs in flexibility. In terms of price, the guiding price of 6MT long axle center roof is 138,800 yuan, and the guiding price of high roof is 146,800 yuan, and the 6AMT model is increased by 5,000 yuan on this basis.

　　The above is a detailed introduction of the classic V80 model of SAIC Chase, and I believe that everyone can already find the law of car selection from it.The first step is to locate what to do when buying a car.Do you need a logistics vehicle that focuses on transportation, a business/commuter vehicle that focuses on people, or a multi-functional vehicle that takes care of the transportation of people and goods? Logistics vehicles choose the city to match the king, taking into account the choice of people and goods. Which category was determined,The second step is to consider your own car environment. How many people do you need to load? Which wheelbase and length can meet the flexibility requirements and which height can meet the limit requirements? The third step, considering the budget, do you need 6MT or 6MT models?With these three-step step-by-step ideas, many models will not be stumped.

　　Bananas have different maturity and different health effects on human body. The Japanese beauty and health network "Beauty Ranger" introduced this.

　　Green banana loses weight.Professor Yo Kato Zhi of Hirosaki University found that immature green banana is rich in "indigestible starch" and its glycemic index is lower. In other words, the greener the banana, the lower the calorie intake, which is more beneficial to weight control.

　　Yellow banana beauty.People who want to beautify their skin are recommended to eat bananas with yellow skin. Bananas of this color are ripe and contain more vitamin B2 and vitamin B6, which has a good effect on preventing and treating skin problems. Professor Okubo Yiliang of Tohoku University found that yellow banana has a strong antioxidant effect, which can effectively remove free radicals from the human body, thus achieving a cosmetic effect.

　　Bananas with brown skin help digestion.Ripe bananas often have black spots or brownish skin. Studies show that this kind of brown banana contains phospholipids that are rare in fruits and has the effect of inhibiting gastric ulcer. Therefore, people who usually have a bad appetite may wish to eat brown bananas to help digestion. ▲ (Life Times special correspondent Yao Lijie)

If you don’t consider the cost of using the car later when you buy a car, you will regret it afterwards. For example, today’s performance in this respect is worth talking about. So whether this car is a mule or a horse, let’s take a look at its actual performance.

First of all, from the appearance, the front face of Chuanqi E9 is very cute as a whole and looks very fashionable and sporty. Combined with the steady headlights, it looks very atmospheric. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car, the body size of the car is 5212MM*1893MM*1823MM. The car adopts elegant lines, and the side of the car gives people a very cold feeling. With large-sized thick-walled tires, the shape is quite domineering and stylish. Looking back, the overall shape of the rear of the car echoes the front face, and the taillights give people a very young and fashionable feeling, and the whole looks very fashionable and concise.

Coming into the car, Chuanqi E9 interior adopts a dynamic and lively shape, which highlights the hierarchical effect. The shape of the steering wheel of the car is eye-catching, and it is equipped with the functions of manual steering wheel up and down+front and rear adjustment, steering wheel heating and so on, and the visual effect is good. Let’s take a look at the central control. The car is equipped with a touch-sensitive LCD central control screen, which makes the interior design quite layered and personalized. Finally, let’s take a look at the dashboard and seats. The dashboard design is remarkable and the display effect is excellent. The car uses leather seats, which are wide and thick, and the overall comfort and wrapping are not bad.

In terms of configuration, Chuanqi E9 is equipped with car networking, driving mode selection, remote control key, Bluetooth key, rear wiper, interior atmosphere light and other configurations.

The car introduced today is not only eye-catching in space, but also has reached the mainstream level in various configurations, and there is nothing to be picky about driving experience and space experience. If you are interested, you might as well experience it.

On March 29th, the new conqueror of Futian pickup truck officially launched the diesel 8AT. The whole system adopts the power combination of 2.0T diesel engine and ZF 8AT gearbox, which is divided into chinese odyssey version, Wulin Extreme version and Qitian Dasheng version. The price range is 998-131,800 yuan. It is the first 100,000-yuan diesel automatic pickup truck equipped with 8AT gearbox in China, and it has a very high cost performance. The appearance of the new conqueror model of Futian will promote the product upgrading, ecological expansion and industrial transformation of the pickup truck market in China, and will also enhance the competitiveness of Futian pickup truck and make it better meet the needs of domestic pickup truck users.

During the listing of Futian New Conqueror, the author was invited to participate in the test drive experience of Wulin Extreme Edition. As a mid-range model of Futian New Conqueror series, the new car continues the calm and atmospheric design concept of Futian Conqueror series. The front face is shaped like a lion, and the "flat-headed" front face is angular and very masculine. The body lines are smooth and dynamic, and the wide body with 265/65R17 wide tires looks more domineering and tough. The lines full of strength give people a more reliable feeling, and consumers can choose from a variety of body colors, which enhances the fashion sense of the whole car.

In terms of interior, the new conqueror has upgraded the diesel 8AT in order to better meet the needs of pickup truck users in the new era. The interior adopts a three-dimensional cockpit that runs through horizontally, and the Wulin Extreme Edition is a sporty and fashionable cognac interior.It has 10-inch large central control touch screen, bionic seat, electronic shift lever, openable skylight, multi-function steering wheel and other hardware configurations.It is in line with the trend of the pickup truck market in China, so that users can fully enjoy the convenience brought by intelligent technology, increase the convenience of car use in the later period, and guide users to start a brand-new pickup truck life.

In terms of power system, Futian New Conqueror will be equipped with 2.0T diesel power that inherits the century-old Cummins power technology, with a maximum power of 120kW and a peak torque of 390N·m, matching ZF 8AT gearbox. 4F20TC diesel power has been tested in the domestic pickup truck market for a long time, and it has many advantages such as reliability, strong power, high fuel economy, comfort and quietness. At the same time, the new conqueror is also equipped with Borgwarner timely four-wheel drive system, which has four driving modes of 4H/4L/2H/AUTO, and two driving modes of economy/sport are optional.

The test drive is surrounded by expressways and Panshan Lake.The road is the mainstay, and in this process, the low-speed driving state of the test drive vehicle can be more intuitively realized. Fukuda’s new conqueror gave clear feedback to the driver during the middle and low speed driving, and the throttle and braking force were moderate, which would not produce obvious sense of suddenness and frustration. Sufficient power reserve and good low-torque performance make it easy for Futian new conqueror to start the pickup truck, and the acceleration in the middle and low speed stages is easy, and the power output is relatively linear.

The combination of 2.0T 4F20TC diesel engine and ZF 8AT gearbox can meet the needs of most people, and good power feedback can be obtained in the speed range from 1800rpm to 2400rpm. When driving at a constant speed at medium and low speed, the power will be feedback in time as long as the accelerator pedal is pressed. When it is necessary to speed up overtaking, the engine will be delayed after stepping on the accelerator pedal, and then when the turbine is effectively involved, the engine speed will climb above 2500rpm to help the vehicle achieve further acceleration.

However, as a practical commercial pickup truck, the new conqueror of Futian still retains some characteristics of traditional commercial models in some aspects. Because the flat-bottom container structure is designed to improve the practicability, the center of gravity of the whole vehicle is designed to be high, and the suspension is hard to adjust to meet the heavy load demand, which leads to obvious bumps during the driving of the vehicle. When the vehicle passes through the speed bump or the road with small potholes, the feedback from the front passengers and drivers is relatively small, and the vibration filtering effect is within the acceptable range, while the rear passengers can feel the clear bounce.

After driving on the unpaved road, the high center of gravity and long suspension stroke of the flat-bottomed container pickup make the front and rear passengers feel a more intense bounce, and this bounce will be fed back to the steering wheel, causing the steering wheel to shake and shake.Besides,The steering wheel is caused by hydraulic power.The feedback is strong, which may be laborious for female drivers to control, but it is good for the direction.The directivity is still good, and the vehicle is not too heavy on the way, which is in line with the consumer’s impression of the stability of pickup products.

Generally speaking, Futian New Conqueror is a qualified dual-purpose pickup truck product, which has the right price and positioning. In the future, Futian pickup truck will continue to innovate, continue to take root in people’s livelihood, serve more users, build products that are suitable for IKEA and cost-effective with the highest quality, empower thousands of formats, assume the responsibility and mission of the national pickup truck brand, and help thousands of format strugglers achieve a happy life.

　　Xinhua News Agency, Dakar, April 25th Communication: From Import to "Made in Africa" — — China pharmaceutical companies help the sustainable development of Mali pharmaceutical industry.

　　Xinhua News Agency reporter Wang Zizheng

　　Clean modern factory building, clear division of labor operation area and high-speed production line … … In the factory building of Renfu African Pharmaceutical Co., Ltd. (hereinafter referred to as "Renfu African Pharmaceutical") located in Bamako, the capital of Mali, a West African country, Pascal, a local employee, is inspecting production posts and sampling semi-finished products to ensure the safe operation of all aspects of production.

　　Pascal, a local employee, is testing equipment in the Renfu Africa Pharmaceutical Factory in Bamako, the capital of Mali (photo taken on April 3, 2023). Xinhua News Agency (Photo courtesy of Renfu Africa Pharmaceutical Co., Ltd.)

　　In 2015, Renfu African Pharmaceutical was completed and put into operation in Bamako. As one of the earliest pharmaceutical companies that responded to the "Belt and Road Initiative", Renfu Africa Pharmaceutical became the first localized pharmaceutical factory in Mali and the most modern pharmaceutical factory with the highest construction standards in West Africa.

　　Prior to this, Mali’s pharmaceutical manufacturing industry was almost blank, and most of the pharmaceutical market was monopolized by expensive imported drugs. It was normal for the people to lack medical care and medicine. In 2013, Renfu Pharmaceutical and china-africa development fund jointly invested 350 million yuan to establish Renfu African Pharmaceutical Co., Ltd. in Bamako, which brought dawn to the local pharmaceutical manufacturing industry.

　　Ibrahim keita, the former president of Mali, once commented: "The people of Jeanmarie, a China pharmaceutical factory, benefited and helped us to acquire the ability to produce drugs independently, ending the history that Mali could not produce drugs."

　　In the Renfu African Pharmaceutical Factory in Bamako, the capital of Mali, workers test equipment (photo taken on April 3, 2023). Xinhua News Agency (Photo courtesy of Renfu Africa Pharmaceutical Co., Ltd.)

　　Li Wensheng, chairman of Renfu African Pharmaceutical Co., Ltd., said in an interview: "After years of operation and hard work, we have not only ensured the accessibility of drugs, but also ensured the sustainability of enterprises in terms of economic and social benefits."

　　This modern pharmaceutical factory adopts fully automatic production equipment, and completely adopts domestic pharmaceutical factory standards from design, construction to production technology. "Now our drugs are sold to all French-speaking countries in West Africa, occupying the mainstream drug market in the region." Li Wensheng said.

　　Pascal was originally a construction worker. After being hired by Renfu African Pharmaceutical, he studied equipment operation knowledge, improved his work skills and learned Chinese, and gradually moved from a grass-roots operator to a middle-level management position. Today, there are nearly 200 local employees like Pascal. Renfu African Pharmaceutical Company pays attention to localized operation and has trained a large number of industrial technical workers and management talents for the company and society.

　　"At present, the localization ratio of the factory has reached 95%, and the production operation posts and grass-roots management posts have been 100% localized, effectively realizing the drug ‘ Made in Mali ’ 。” Li Wensheng said.

　　The investment and construction of Renfu African Pharmaceutical not only improved the local pharmaceutical level, but also promoted the development of the industrial chain. "In the past, our factory was located in a wasteland, but now many factories have been established here. The demand for upstream and downstream supply chains of products has driven the improvement of local industrialization level. " Li Wensheng said.

　　After more than ten years of intensive cultivation in the pharmaceutical industry in Africa, Li Wensheng said, "I hope that through our efforts, we can provide more high-quality and low-priced drugs for the local people and provide protection for the health of the people in the whole West Africa."

　　Pascal has been working in Renfu African pharmaceutical industry for 8 years, where he has learned knowledge and skills, gained a stable income and got a better and better life. "Human happiness brings us not only a stable income and a dignified life, but more importantly, hope." He said.

　　Feng Shui, once regarded as a feudal superstition, resurfaced in recent years under the banner of "traditional culture". Some local officials are superstitious about geomantic omen. In order to make their official career prosperous and safe, they ask the so-called masters to "point out the maze". The reporter found in interviews in many places that officials’ superstition of Feng Shui has become an open secret of officialdom. Some party and government officials lost their values, and instead of working hard for the people, they racked their brains on the issue of Feng Shui, causing great resentment among the masses.

　　Mr. Feng Shui: "Most of the business I take is official."

　　Sanliao Village, Meijiao Town, Xingguo County, Jiangxi Province is a well-known "Feng Shui Village". Zeng Qingwei, director of the village, said that there are more than 200 Feng Shui masters in the village all the year round, and most of them are profitable. Many people bought houses in Guangdong and drove BMW and Mercedes-Benz back in the New Year.

　　Zeng Xianbai, a 75-year-old villager with only a primary school education, makes a living by watching Feng Shui. In addition to nearby cities and counties, he often goes to Shanghai, Guangdong, Hunan, Fujian and other places to explore Feng Shui. He is one of the famous "masters" in the village. It is said that his family has an ancestral handwritten copy of Feng Shui "cheats", which is handed down from man to woman. The reporter said that he wanted to have a look, but he was rejected. Zeng Xianbai said: "Most of my business is official, mainly planning and design, including office furnishings, gate location, feng shui equipment purchase, etc., and my income ranges from hundreds of yuan to tens of thousands of yuan each time."

　　In a "Feng Shui Prediction Room" in Changsha City, Hunan Province, the reporter saw that there were many banners hanging on the wall, such as "Zhuge Re-embodiment", "Skillful Calculation" and "Breaking the World Directly". The 40-year-old "master" is tall and thin, wearing a near-sighted mirror, with Feng Shui books on his desk and a computer for predicting and watching Feng Shui. The business scope includes general forecast, date selection, lighting and feng shui adjustment, and the price ranges from 100 yuan to 33,000 yuan. "Customers are generally businessmen and officials. Relying on fortune telling and feng shui, there are four or five hundred thousand yuan in income every year. " The "master" said.

　　There is a "Goddess" in Wuli Bazhuang, Dangshan County, Anhui Province, which is located at the junction of the four provinces of Jiangsu, Shandong, Henan and Anhui. Many grassroots cadres often go to worship if they have any difficulties and puzzles, and there are often some cars with the prefix "Beijing" and "Shanghai" coming all the way to see Feng Shui. An insider revealed: "Many cadres in the county believe in Feng Shui very much. Sometimes people can’t find anyone when they go to the government to do things. When asked, they go to worship the gods."

　　Cheng Ping, a researcher in the Department of Social and Cultural Education and Research of the National School of Administration, once presided over the research group of "Investigation on the Scientific Literacy of County-level Civil Servants in China". According to the survey of more than 900 county-level civil servants who participated in the survey, it was found that only 47.6% of county-level civil servants were not superstitious, and more than half of them believed in physiognomy, duke of zhou, horoscope prediction and visa application. Some officials believe in superstitious activities even more than the general public. Cheng Ping said that some officials believe that Feng Shui can change their fortune, starting from a pragmatic mentality and holding an attitude of "preferring to believe in it".

　　A few officials: "It is better to praise well than to do well, and to praise well is better than to burn incense."

　　The reporter found that many officials always ask the advice of Feng Shui masters before seeking official positions, changing jobs, doing things, breaking ground, moving, etc., otherwise their hearts are not practical.

　　Liu Su, a professor at Hunan University, said that some cadres lack the ability to govern, and they are unwilling to go to the grassroots and go to the masses. They think about problems and do things without considering the interests of the masses, and their value orientation is distorted. As a result, they are influenced by Feng Shui and superstition. Because officials hold public power, superstitious geomantic omen has even expanded from personal behavior to the use of administrative power, building large-scale projects, wasting people’s money, and the masses are full of complaints.

　　In the middle of a T-junction in Gaoyi County, Hebei Province, a retired old-fashioned J-6 fighter plane was placed, and a small garden was built around it to block the main road, and the blocked road was facing the county compound. This is the result of the superstition of Feng Shui by Cui Xinyuan, secretary of the county party committee. The plane symbolizes promotion and wealth.

　　At the end of April 2010, Cui Xinyuan was removed from the post of county party secretary. The head of the local taxation bureau of a county in southern Jiangxi moved back and forth in several nearby counties, but he was not promoted for nine years. The geomantic master said that because the ancestral grave was not well-chosen, he went to Sanliao Village in Xingguo County to ask the geomantic master for advice, and thought that "good geomantic omen" was a shortcut to promotion.

　　Wang Guoqing, secretary of the Party Committee of Xinmin Town, Fuxin Mongolian Autonomous County, Liaoning Province, said that behind the "Feng Shui complex" of officials is the lack of faith. There are indeed a few grassroots cadres who are convinced that "it is better to praise well than to do well, and to praise well is better than to burn incense."

　　In addition to seeking official luck, the hope of avoiding disasters is also a major motivation for officials to believe in Feng Shui. A "feng shui master" in Hunan told reporters that officials who believe in feng shui usually come to the door to ask for the practice of painting symbols, put "amulets" on their desks or themselves, and some people may move a "treasure land" to their ancestral graves to keep him safe and relieve their great mental stress. This has led to the phenomenon of "burning incense and worshiping Buddha while corrupting".

　　In an interview with Lingao County, Hainan Province, the reporter learned that the county party committee and government compound in this county blocked the main entrance to the west, built a building on the original site, and opened another door to the south on the side. The local people told reporters that Wu Guanghua, former secretary of the county party committee of Lingao County, and others were sentenced to prison for corruption. Later leaders believed that the former official career was not smooth because there was something wrong with the office building, because looking out from the government gate, the Lingao County Public Security Bureau and the People’s Procuratorate were not far away, just like two guns on their heads, which boded ill for stroke of bad luck. Although the feng shui pattern was changed, Chen Chuangfu, the later county party secretary, was also dismissed because of corruption. The local people said: "I don’t believe in ghosts and gods, and ghosts and gods don’t help corrupt officials."

　　Whether you can be promoted is done, not calculated by Mr. Feng Shui.

　　Although party and government cadres are superstitious that geomantic omen is not the mainstream, its influence is extremely bad. The spread of these cadres’ belief crisis will endanger the party’s mass base and run counter to the construction of a clean and efficient service-oriented government. Some cadres, masses, experts and scholars suggested that the party’s mass line education and practice activities should be taken as an opportunity to let Feng Shui superstition go down the altar.

　　-opposing feng shui superstition and strengthening ideals and beliefs are the basis for eliminating the "feng shui complex" in officialdom. He Xingliang, a counselor of the State Council and a researcher at the China Academy of Social Sciences, said that because there is still a lot of room for survival in the society, it just fills in the gaps of some officials’ beliefs and even rushes to it, and this trend should be stopped. Party member cadres who watch geomantic omen and engage in feudal superstitious activities, disrupting the order of production, work and social life, will be punished once they are found, and they will be given disciplinary sanctions according to their harm.

　　-Open authorization process and transparent selection of cadres are the prerequisites for eliminating the "feng shui complex" in officialdom. Seeking official luck is the main inducement of the "feng shui complex" in officialdom, which actually reflects the irregular and opaque reality of cadre selection in some places. Zhou Lin, secretary of Wanli District Committee of Nanchang City, Jiangxi Province, suggested that when selecting leading cadres, we should not only look at what he said and did in public, but also look at what he did in private, so as to make the whole authorization mechanism open and transparent and bask in the sun, thus blocking the first barrier of officials’ geomantic superstition.

　　-Taking the mass line well and accepting the supervision of the masses is the guarantee to eliminate the "feng shui complex" in officialdom. The mass line is the lifeline of the party. The promotion of officials is done, not calculated by Mr. Feng Shui. "When can the grassroots and the masses more test and decide the promotion of cadres, and when can the Feng Shui complex disappear?" Ouyang Feng, secretary of Yizhang County Committee of Hunan Province, said that to resist the official geomantic superstition, we should give full play to the powerful supervisory power of the masses, investigate the incidents of individual cadres’ geomantic superstition reflected by the masses, and give a timely reply to the society. (Reporter Qi Zhiming, He Wei, Zhao Yingquan, Ye Chao, Cheng Zilong)

Original title of this article: "To invest in India, we must invest in the differences with China and find Shen Nanpeng and Xiong Xiaoge among Indians."

Original: Zhixiang. com

China Fund wants to find Xiong Xiaoge and Shen Nanpeng among Indians.

//This article is 5259 words in total, and it is expected to be read for 16 minutes//

From 1988 to 1991, Wu Shangzhi worked in India Bureau of the World Bank, mainly engaged in Indian loan projects. At that time, in 1993, Wu tried to raise funds to set up a fund-"the idea was naive", and invested in some projects but it seemed that they all lost.

At the end of last year, Wu Shangzhi went to India again, and after a lapse of 27 years, he caught up with his old Indian friends at the World Bank. At this time, Wu Shangzhi is already the "Lao Wu" among the young people, and his CDH investment has also become the first PE in China.

From China to the West, from Zhongguancun in Beijing to Coleman Galla in Bangalore, and going to sea in India are the new fashions in China’s capital circle. However, Wu Shangzhi’s team realized the potential of overseas markets earlier than their counterparts in China.

In Southeast Asia, when the travel giant Grab was valued at $2 billion, CDH entered the market. Today, the market value of Grab has exceeded $20 billion. In October 2015, Ying Wei, the managing partner of CDH Baifu, began to pay attention to Indian projects. This is even earlier than Alibaba’s investment in overseas flagship project-Indian payment company Paytm.

CDH Baifu is an asset management platform under CDH Investment. After two years of exploration, CDH Baifu began to be active in India again in May last year. At present, an emerging market fund with a scale of US$ 200 million is being raised, which is also the first venture capital fund focusing on India in China.

Different from many China investors interviewed by Zhixiang. com, on June 12th, when he talked about the logic and rationale of investing in India, he said, "See if we can find out that characteristic, and compare it with the characteristics of China." He also thought that "finding the difference between India and us is the most difficult thing", so the funds in China also need to be localized.

The following is an interview record, with slight adjustments as needed.

"We studied it for more than two years and didn’t invest a penny."

Q: When will you start to see the Indian market?

Ying Wei:At the end of 2015, a domestic individual investor invested in a project in India. At that time, we went to see it. In March 2016, we began to invest exclusively in the Indian market. At that time, Morgan formed a group, Tencent and Fosun, and when we went together, we saw seven or eight people in one day.

To sum up, in October 2015, we began to ponder this matter, explore research, then organized a group to go with them, and later formed a team to be responsible for the Indian fund. Zhang Le is a partner of CDH Baifu and a veteran of CDH. He has participated in leading many consumer and Internet projects in CDH, and went out to start a business in the middle. This year, he was recruited by us to take charge of the Indian fund. Zhang Genghua, the core member of the team, is also the first young generation in China to pay attention to the Indian market, and has made a lot of accumulation in the past three years. In the future, we must recruit Indians and be localized.

Q: What stage are you mainly investing in now?

Ying Wei:In fact, it was in the middle and early stages, and there are basically no projects in the middle and late stages of India.

Flipkart was sold to Wal-Mart for 16 billion yuan, which was also in the middle and early stages, because the company had not yet made a profit. Therefore, we are investing in India now, just as we invested in domestic projects many years ago. For example, when CDH invested in Mengniu around 2001, it was also in the middle and early stage, and we invested 30 million dollars with Morgan. Don’t say that the Internet industry is growing fast, and so are traditional industries. It’s normal to double a year when you just started your business in the middle and early stages, and it’s normal to triple a year. When you are small, it belongs to this stage.

Q: Why India? You went in when Grab was valued at $2 billion. Why are emerging market funds focusing on India now?

Ying Wei:At that time, we seized this opportunity. However, the population of Southeast Asia is scattered. When we visited India from Southeast Asia, we felt that the Indian market was earlier. First, if you look at the per capita GDP, you can see that most countries in Southeast Asia have surpassed India. If you look at Indonesia, it is almost $4,000. We first invested in Vietnam. Indonesia invested in France like this, and then slowly transferred to India. The Indian market has several characteristics: first, rapid development; Second, there is a huge market and great potential. We first invested in Grab, and we mainly saw the valuation difference, which increased. Looking back at India, this gap may be bigger, but India is more complicated. So that place needs to be studied. We studied it for more than two years and didn’t invest a penny.

Q: When did you start voting again?

Ying Wei:It started in May last year. We invested in love recycling in China, and they wanted to invest in a Cashify in India, so we followed suit.

Q: In your opinion, what is the difference between China entrepreneurs and Indian entrepreneurs?

Ying Wei:The Indian is very clever. After he walked around China, he learned all the apps, and he learned them better than us. For example, like this Indian Cashify, he set up a place in the shopping mall to sell mobile phone cases and mobile phone accessories. The goods from Yiwu are very cheap. He said that I can earn my rent back by selling mobile phones and recommending these spare parts.

When you go to India to see it, it is exactly the same as ours. If you learn this, you will have an innovation. They are interesting and smart.

We went there to contact a small fund, and at first glance, we used to be the local head of Citibank, which was very high-level, and it was the same in the United States. They became CEOs and we became engineers, starting with that generation. When I went to India to meet them more than two years ago, I asked him a question. You are all heads of investment banks. Why did you all quit your jobs and go back to start businesses? Their answer is that, just like you in Chinese, we gave up the high salary and started our own business.

Q: Yes, and their international vision is better than ours, and they started internationalization very early. 、

Ying Wei:Yes Moreover, the ability of ToB is better than ours. We also watched some of them, but we didn’t dare to vote because it was strong, so we didn’t dare to vote. What we can understand is consumption, so the projects we invest in are all related to the big consumer Internet. We see these things better than he does. So the American fund, I think its advantages are, look at the front end. We also have our experience. Ten years earlier, this piece of toC was developed by us.

Pay attention to consumption, that’s for sure. It’s a very interesting phenomenon that you go to Indian shopping malls to see brands. I just said that it has developed by leaps and bounds, and its brand is different from ours. Now it is said that online and offline are developing at the same time, so in fact, if you catch the online, you will catch the offline, so you basically start to move in this direction. Jumping, I just said to pay credit cards, and his credit cards are basically not available. There is no meeting in Africa. What will happen to it? Will go online.

Investing overseas cannot be simply done by traditional investment logic, so I just said that we have the ability to reduce the dimension and strike, but at the same time we must have Indian characteristics and find out its development stage.

"If all Indian companies copy China’s model, they will not succeed. Isn’t it the same as our copy American company? "

Q: Now a group of investors from China are going to India. Is it a little late?

Ying Wei:Not too late. I think so, that is, it is a little late to know India, but it is not too late to invest now. It took us three years to know each other. Investment, we started to invest in May last year. But it does take a process to get to know India.

Whether that place is ok or not depends on the data. Look at the index of FDI, it is already the tenth, and its growth rate has surpassed that of China, and it surpassed that of China two years ago. China’s reform and opening up really started when FDI surpassed that of the United States. There is also the growth rate of foreign direct investment, which is very important. It means that the whole world wants to vote for him. You see what he said, too. They all said that they wanted your money to come in.

I don’t think it’s too late, it’s not too late at all, it’s time. But it takes time for you to enter a strange country, do research and get to know it.

Q: What is the logic of your investment in India?

Ying Wei:We are now investing in projects ranging from 3 million to 5 million, together with Indian funds, to invest in small enterprises. There have indeed been some changes in the thinking here. Why?

We use China’s model to compare, but what we really want to study is that he is different from China’s, and at which point he is different from China. This difference from China is what we want to vote for.

If it copy China’s model, it will be unsuccessful. Otherwise, it will be the same as our copy American company. How can you copy that all the successes in the United States are improvements and even revolutions in this respect? This mode has just started to use it, and then change the mode. We studied it for a while, and thought it was almost enough. We started to invest in three early projects, all of which were led by us.

Therefore, in the China Fund invested in India, our ecology has been formed. Three years ago, when it came to CDH, Indians didn’t know anyone. In the past three years, we have made a reputation, and many invested enterprises have begun to know our strength through our reception in China.

Q: But China investors who invest in Indian projects now have a feeling that Indian projects are too expensive now.

Ying Wei:In 14 and 15 years, when the valuation was the highest, the Internet just started. But in fact, in 17 years, the valuation began again. Internet companies all rely on burning money, but how long can it last? When the big organization goes in, will it keep burning for you? Some companies whose valuations have been carried up can’t stick to it and come down. Keep the efficient ones and get rid of the ineffective ones. As a result, everyone began to pay more attention to cash flow and start to burn less money. I think most companies have to go this process. We have also seen that some of them have already achieved results, such as Wal-Mart’s acquisition of Flipkart.

Amazon China has failed, and it can’t fail in India. It claims that it will cost 3 billion dollars to burn every year, so most people can’t afford it, right? So the valuation began to go down, which is one aspect.

Second, some new models, such as social e-commerce and Pinduoduo, were not valued at first, so we started to support them. When it comes to round B, we have much more choices. Therefore, in the A round, it is mainly up to us to study.

However, the way we value the Internet in China is effective. What is high and low cost, and how long it takes to burn money, are the basis of our crackdown on dimensionality reduction. This kind of thing has been verified in China, and there is no market for it. I think the investment (opportunity) has passed. If there is an opportunity in China, there are still some opportunities in the industrial Internet.

But our experience in consuming the Internet is very popular in India. Of course, I just said that we must integrate into the characteristics of India and grasp its characteristics and differences.

"China funds have an advantage over American funds in India."

Q: There are other factors, because frankly speaking, this exit is still not perfect, and most of them are still through mergers and acquisitions. How should we always look at this aspect?

Ying Wei:I think there are two aspects, one is what I said at the meeting, that is, Indians don’t know the structure of red chips, which surprised me, but there are many legal problems. CDH’s red-chip structure in China is the earliest, and we are the oldest in the fund. For example, Belle’s listing and Mengniu’s listing are the earliest red-chip structures.

Therefore, the enterprises we invest in now basically need to teach them to make a red-chip structure. For example, if we want to list in Singapore in the future, we will make a Singapore structure. We are also simple and will not lose. In addition, we began to study Indian companies listed in the United States, and the first edition of the report was published. There are many channels for us to quit. To create channels.

In addition, some Indian enterprises have high valuations, and they are as illiquid as in the early days of China, which is exactly the same story. So, some investments are sold by the next round of financing, or I will sell them in the next round and quit, right? Sell it to other investment institutions. The six projects we have invested in will have the next round of financing in the coming year.

Q: You should always talk about the projects you invested in. I think they are quite good enterprises, because there are actually quite a few entrepreneurs going out to sea in China. They go to India and make short videos in various tracks. So I think you have also invested in some entrepreneurs going out to sea. In your opinion, if entrepreneurs going out to sea are compared with local entrepreneurs, how should they look at their own advantages and disadvantages?

It’s only two o’clock on the other side of the sea The biggest advantage of entrepreneurs at sea is the supply chain in China. India now, as I just said, the supply chain is not perfect. Second, when we look at the team, we must have local partners. When you see the sea, I must ask you to have a local partner, a combination of China and India, which is basically everything we have invested.

Therefore, the local market is not as clear as the local people. When you need help, it must be a local partner, and the supply chain must be strong in Chinese, so combine it.

In addition, it is gratifying that many China’s post-80s and post-90s generation are turtles, and the rich second generation have also started their own businesses in India.

Q: Yes, we stayed in Bangalore for about two or three years. In the past, there was basically no Chinese when we went there, but now it is very large. On the other hand, a fund like China is equivalent to going out to sea, right? We used to invest in China, but now we are investing in the world. Compared with other American funds, for example, what are our advantages and disadvantages now?

Ying Wei:At present, funds in China have more advantages than those in the United States. In fact, I already said at the meeting. First, the stage in other places is very similar to that in ours. The development of the Internet in the United States has been transformed now, because the market is different and the population development stage is different. When the Internet was available in the United States, the per capita GDP was already more than 40,000 US dollars, and now it is 50,000 to 60,000 US dollars.

But China is bitter, just like India. Therefore, it makes sense for Indians to learn from us in this market. Look at Paytm. After Ali received it, he sent 200 engineers. They also sent two hundred Indians to Hangzhou to learn from each other. I think this is very different from us and the United States. Everything in India is similar to ours. E-commerce consumption is driven by the demographic dividend, so we look at the Indian market with the development law of China in the past ten years and the development law of the Internet. This is called a dimension reduction blow.

Q: What do you think are the main challenges? Because you just said that some people are biased against the Indian market, but in India, in fact, some media may have some negative reports on China’s investment, which you must have seen.

Ying Wei:All these big institutions, including all local investment banks, are very welcome. All entrepreneurs are very welcome. This is also different from what we originally imagined in China. It is very friendly. Of course, he saw our money. So I think it’s nothing. Therefore, the biggest challenge to us is ourselves.

What I said just now is whether we can realize that we can use China’s ability to reduce the dimension and strike. We have all seen the Internet in the 1980s and 1990s, and they all use the Internet as a tool, so it is easy to understand. The business model can be understood, but whether we can see the difference in India requires insight. We always say that interlacing is like a mountain. Can we find that reason? In fact, the reason is his change and finding the difference in India, so this is the most difficult thing.

Our team requires that I always make a thorough analysis of our industry, export e-commerce industry or social e-commerce industry, and then go to see him, mainly asking him about the difference. The difference is that we are going to (explore), which is the biggest problem we invest.

Every country has different places, and that different place will have an impact on my investment. So this is our biggest problem. We can’t see this difference, or there is no localization. The reason why CDH said (success), you see, few of the foreign investors were successful. Those who went to China to do PE were localized. For example, Sequoia used Shen Nanpeng, and IDG used Xiong Xiaoge because of these people. We are the same. Let’s see if we can find out that feature and compare it with the characteristics of China, and (let’s go) find Indian characteristics.

(Originally published in "Zhixiang. com" WeChat official account: passagegroup)

Special topic: the incident of smashing, looting and burning in Lhasa, Tibet

Photos described by Dalai as "China soldiers posing as lamas to stir up riots".

Using this photo to slander "China soldiers pretending to be lamas" is full of flaws.

　　　 On March 29th, the Dalai Lama held a press conference in India, and made a rumor by himself that "China soldiers pretended to be lamas to stir up riots", so as to shirk the responsibility of launching the "March 14th Tibet incident". And there is a lot of evidence that this is another smear of Dalai’s low level that can’t stand scrutiny.

　　　 On this issue, the World Wide Web contacted Ren Yan, a special correspondent of Global Times in India. At that time, the fact was that the Dalai Lama only gave lip service at the press conference and did not produce evidence and photos. Moreover, the general view in India was that China had been committed to the stability of Tibet and could not take the initiative to provoke conflicts. Therefore, the Indian media only mentioned the Dalai Lama’s press conference and did not agree with Dalai’s outrageous slander. In the report, he described Dalai’s nonsense as a "war of words".

　　　 According to the Global Times reporter, the "China soldiers posing as lamas" mentioned by the Dalai Lama came from an online photo, but with a little analysis, it can be found that this photo could not have been taken during the "314 Tibet smashing and looting incident":

　　　 First of all, the picture is not China’s army but the armed police force; Secondly, according to the news of Xinhua News Agency in 2004, from January 1, 2005, the officers and men of the Armed Police Force will wear armbands and chest tags in a unified way, but the armed police soldiers in the photo did not wear armbands and chest tags, indicating that this photo was taken at least before 2005; Another fact is that, according to the news of Tibet Business Daily in October, 2004, from October 13th, 2004, human tricycles in Lhasa will uniformly use blue, red and green curtains with Tibetan characteristics, while the color of the tricycle curtain in the picture is still blue, which shows that the photo can’t be taken after November, 2004.

　　　 这张被达赖集团拿来污蔑“中国军人假扮喇嘛挑起暴动”的照片，非但没有起任何效果，照片本身反而成了揭露达赖集团唯恐西藏不乱真面目的铁证，而达赖言之凿凿的新闻会又成了一场可笑的闹剧。

　　　 正如外交部发言人姜瑜31日就达赖称中国军人“假扮僧侣”一事答记者问时表示，达赖用道听途说的谣言无法改变事件真相，只能证明他心虚气短。 (环球时报?环球网 郝?石)

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