Who gave Lei Jun "leopard gall"?
Lao Hu has a feeling and judgment: Another spring of the private economy is coming. Many factors in China's economy are leveraging and influencing each other, and the weakest moment is likely to be behind us.
A striking example is the successful launch of the Xiaomi SU7, which tells us at least two major facts: first, China has the technology and market conditions to form a re-explosion in an industry that has an overall advantage, but is already very crowded, and second, the morale of private enterprises has been re-energized, although there are huge market risks, but there are really companies that dare to rush up, and in one fell swoop to get a great success. In other words, China's market is generally healthy, and private enterprises are not sluggish, at least many are energetic and enterprising.
▲
On the evening of March 28, the launch conference of Xiaomi Auto SU7 was held in Beijing, and the high-profile Xiaomi car was fully unveiled. (Source: Beijing Daily)
This shows that the policy of revitalizing the private economy launched by the state for a period of time has been implemented and has played a role. Just on Sunday, the latest manufacturing purchasing managers' index returned to the expansion range of more than 50% for the first time in five months, reaching 50.8%, in which the recovery of private enterprise confidence has had a very important superimposed impact.
The successful launch of the Xiaomi SU7 model shook not only the domestic market, but also the outside world. Many people in the West have felt more pressure from Chinese manufacturing through Xiaomi's success, and are worried that Chinese car companies will eat up the market of large Western car companies little by little, while the whole industrial chain of China's new energy vehicles is very competitive and basically created by private enterprises. Chinese fast-fashion e-commerce brand Shein and e-commerce platform Temu (North American version of Pinduoduo) have swept the European and American markets with low-price strategies, attracting exclamations from the United States and Western public opinion to "de-risk" them. The fighting power of these private enterprises is almost unstoppable.
▲As an e-commerce platform from China, Temu has dominated the shopping app charts for several months since its launch in the United States in September 2022, surpassing e-commerce giant Amazon and established fast fashion brand SHEIN. So far, Temu has become the second most popular e-commerce app in the United States, after Amazon. (Source: Foreign media)
Although there was a new Nongfu Spring incident not long ago, it is completely different from the situation when Lenovo was attacked by public opinion three years ago. Although the volume of this "cyber violence" Nongfu Spring is very large, it has no lasting lethality, it is an explosive catharsis of some people's dissatisfaction, and the mainstream attitude of society remains stable, so it does not form some kind of serious suspense. With the announcement of the Cyberspace Administration of China to rectify the chaos of infringing information related to enterprises, people have new expectations that the public opinion environment faced by private enterprises will be further improved.
The epidemic has caused a lot of losses, and the bursting of the real estate bubble has superimposed new pressures, but Lao Hu, as an old media person, strongly hopes that the current is a new critical point. In other words, the clarity of the policy has been very sufficient, the new impetus provided by new energy and new infrastructure for economic growth has gradually taken shape, and the cognition, confidence and enthusiasm stored by the whole society are also experiencing a new wave of release. Lao Hu strongly called on everyone to see the situation clearly, do not hesitate, and take action to further consolidate this new opportunity and momentum to form a new round of China's economic strength.
We sincerely hope that state-owned enterprises will also join in. Looking at Xiaomi's breakthrough actions that are not afraid of risks, I am afraid that it is difficult for state-owned enterprises to do the same struggle in the market now. It's not necessarily that the SOEs don't want to fight, it's that the institutions they are in don't provide sufficient incentives for them to do so. By freeing the shackles of bureaucracy and formalism from state-owned enterprises and fully unleashing their vitality and creativity, our country's economic prosperity will certainly gain greater impetus from round to round.