1. What is the Sino-U.S. trade talks? The ZTE Incident or the Turning Machine;
Editor's note
In response to the company's sanctions imposed by the US Department of Commerce, ZTE Corporation (000063) issued an internal employee letter called “Strengthening Confidence and Striving for Shorter Time to Solve Problems” late last night. ZTE said that it will continue to maintain close communication with all parties and do its utmost Solve the problem in less time.
Micronet Report May 5 (Reporter Zhang Yiqun) Yesterday, the two-day Sino-U.S. economic and trade consultations were temporarily closed. In addition to the solemn negotiations between the Chinese side and the U.S. side in the ZTE Incident, the U.S. side stated that it will report to the U.S. president on China’s position. It is difficult to say that this consultation has made breakthrough progress. The two sides set a The tone of the negotiations, but there are still major differences on some issues, Sino-US trade or into a protracted war.
U.S. team members have different views
Judging from the current results, it is basically in line with the expectations of the parties concerned. It is not realistic to expect to resolve all issues through a consultation.
According to the official information released by the Xinhua News Agency, the two sides exchanged views on the expansion of US exports to China, bilateral service trade, two-way investment, protection of intellectual property rights, resolution of tariffs and non-tariff measures, and reached consensus in some areas. But There are still some major analysis on some issues. The two sides agreed to continue to maintain close communication on related issues and establish corresponding working mechanisms.
In other words, there were differences of consensus in this meeting. The two sides established the tone of communication. However, the time and place for the next contact will not be known.
In the US team that came to China for consultations, the White House did not send a person with specific opinions and a series of clear requirements, but instead sent six trade and economic officials. The team members did not hold a more consistent view. In dealing with China’s issues, their views differ, and there is also great disagreement on whether the trade war is desirable or not.
According to people familiar with the negotiations, among these top U.S. officials, Trade Representative Latschitzer and President Navalo, the trade advisor of the President, tended to deal with China through tough and extensive means, and used a weapon called the tariff; and Finance Minister Nuchin And Kudlow, the director of the National Economic Council, hopes to resolve the Sino-American dispute that caused the market panic.
Therefore, the U.S. side’s consultations in China are likely to be more inclined to listen. The two sides are exploring the expected bottom line. After that, there will be a game of number theory. Sino-US trade talks will fall into a protracted war.
What are the demands of both China and the United States? ZTE Incident or Turning Machine
On some issues, there are still serious differences between China and the United States. For example, the United States demands that China reduce the US-China trade deficit by 200 billion U.S. dollars by the end of 2020, and it will not retaliate against U.S. tariff policies. China hopes that U.S. will stop acquiring Chinese companies. Restrictions on sensitive technology companies in the United States.
Specifically, according to Bloomberg News, in the U.S. negotiating framework document, the U.S. put forward the hope to reduce the Sino-U.S. trade surplus, protect U.S. science and technology and intellectual property, and restrict sensitive investment in science and technology. U.S. investment in China, trade and non-trade Barriers, fair treatment of China's domestic service providers, US agricultural products and other proposals.
China’s requirements include: Cancellation of China’s IC export ban, elimination of 25% extra duties on Chinese products, opening of government procurement of Chinese technology products and services, and equal opportunities for Chinese companies from the perspective of national security , Adjust the export sanctions against ZTE, stop the practice of anti-dumping alternative countries, and in the future, no longer initiate any investigation on China's 301, open e-commerce market for Chinese enterprises, etc.
Among them, regarding the ZTE export sanctions, the Chinese side made solemn negotiations with the US regarding the ZTE Corporation case. The U.S. side stated that it attaches importance to the Chinese representation and will report to the U.S. president on the Chinese position. This may mean that the ZTE case has a turning point.
Schedule: U.S. Negotiation Framework
"Strengthening Confidence and Trying to Solve the Problem in Less Time"
After learning of the US refusal to activate the company on April 16th, as a global company that has grown up in China, the company has always been in line with the national strategy. It has consistently adhered to the guidance of the Chinese government to take positive actions to advance the issue as soon as possible.
At the same time, since the occurrence of the incident, the company has actively communicated with relevant US government agencies. The company has formally submitted an application for suspension of execution refusal orders to BIS, and submitted supplementary materials according to BIS guidelines. The company will not give up on the communication dialogue to solve the problem. Efforts will also use all legal means to safeguard their legitimate rights and interests.
The company always regards compliance as the cornerstone of the company's development strategy. Upon learning of the refusal order, the company issued a code of conduct to be followed in the event of an activation refusal order. It strictly enforces the EAR control and requires all employees to firmly observe the bottom line of compliance. 4. The company carefully rethought, learned lessons, strengthened internal control compliance, and fulfilled the standards of a world-class export control compliance company.
The company has always insisted on independent innovation of core technologies and strengthened R&D investment. In 2017, R&D investment ranked first among domestic A-share listed technology companies. The company’s first quarter report showed that, without considering the impact of refusal orders, the company’s operating income was RMB 28.88 billion, 12.18% growth, net profit of RMB 1.687 billion, an increase of 39.01% year-on-year.
After the incident, the company’s nearly 80,000 employees held their positions to express their utmost support to the company through practical actions. At the same time, customers, partners, and suppliers all over the world expressed their current difficulties in different ways. Understanding and support. These are all sources of confidence in our firm belief in doing our utmost to relieve the crisis.
The company will continue to maintain close communication with all parties and do its best to solve the problem in a shorter time.
The long road also has a long destination. The night is long and there is an end. Let us strengthen our confidence and hopefully welcome the dawn!
Corporate Crisis Response Working Group
May 4, 2018
2. The U.S. demanded a reduction of US$200 billion in deficit.
After the two-day economic and trade talks between the United States and China held in Beijing on May 4, the news came that the United States demanded that China reduce its trade surplus by 200 billion U.S. dollars. Beijing asked Washington to let ZTE Corporation take one horse and cancel the U.S. State Department’s prohibition last month. US supplier sells chips and other parts to ZTE.
The U.S. negotiator promised to ask Trump to lift the issue of the ZTE sanctions. Reuters said that this is a sign of specific progress that has been rare in this round of negotiations. Beijing has promised to buy more U.S. goods, reduce U.S. cars and other Tariff of goods.
According to information disclosed by China’s Weibo’s “Yuan Mengdie” today, the US negotiations may also require China to open up the Internet.
AFP said that from the detailed list of US demands announced by Bloomberg News, the United States has raised the bargaining bargaining power very high. In addition to demanding that China cut its trade deficit by US$200 billion by the end of 2020, it also requires China to impose tariffs. Drop to the level required by the United States, and cancel investment restrictions on the United States.
In addition, the U.S. side also requested China to stop subsidizing policies in certain key industrial areas and to eliminate policies that could compel U.S. companies to transfer technology to Chinese companies and to strengthen the protection of intellectual property rights. According to Washington’s view, Beijing has adopted these issues. Operation to support Chinese enterprises and distorted competition.
On the contrary, the United States does not agree with China’s demand that the United States also open its market to Chinese technology companies. AFP stated that the US demanded that “communist China” would not oppose the United States’ ban on China’s entry into key US technology fields. Bloomberg News pointed out that this requirement was Beijing. It is unfair to think that it is difficult to accept.
Reuters said that China’s Xinhua News Agency uses “constructive” and “candid and effective” to define the China-US trade talks. However, it also pointed out that there are serious differences between the two parties. rfi
3. ZTE: The night has a long tail and it is confident to welcome the dawn;
According to the micro-network news, ZTE’s US ban on sales has risen to a stage of public concern. Yesterday, the spokesman of the Ministry of Commerce stated in response to a reporter’s question that during the Sino-U.S. economic and trade consultation held from the 3rd to the 4th, the Chinese side The company’s case was strictly negotiated with the U.S. side. The U.S. side stated that it attaches importance to China’s representations and will report to the U.S. president on the Chinese position.
Yesterday evening, ZTE issued another internal employee letter called “Strengthening Confidence and Trying to Solve the Problem in a Shorter Time”. ZTE Corporation stated that the company will continue to maintain close communication with all parties and make every effort to solve the problem in a shorter time. The long road also has a long destination. The night is long and there is an end. Let us strengthen our confidence and hopefully welcome the dawn!
The following is the full text of ZTE Internal Communication:
"Strengthening Confidence and Trying to Solve the Problem in Less Time"
After learning of the US refusal to activate the company on April 16th, as a global company that has grown up in China, the company has always been in keeping with the national strategy. It has consistently adhered to the guidance of the Chinese government and has taken actions to solve the problem as soon as possible.
At the same time, since the occurrence of the incident, the company has actively communicated with relevant US government agencies. The company has formally submitted an application for suspension of execution refusal orders to BIS and submitted supplementary materials in accordance with the BIS guidelines. The company will not give up on the communication dialogue to solve the problem. Efforts will also use all legal means to safeguard their legitimate rights and interests.
The company always regards compliance as the cornerstone of the company's development strategy. Upon learning of the refusal order, the company issued a code of conduct to be followed in the event of an activation refusal order. It strictly enforces the EAR control and requires all employees to firmly observe the bottom line of compliance. 4. The company carefully rethought, learned lessons, strengthened internal control compliance, and fulfilled the standards of a world-class export control compliance company.
The company has always insisted on independent innovation of core technologies and strengthened R&D investment. In 2017, R&D investment ranked first among domestic A-share listed technology companies. The company’s first quarter report showed that, without considering the impact of refusal orders, the company’s operating income was RMB 28.88 billion, 12.18% growth, net profit of RMB 1.687 billion, an increase of 39.01% year-on-year.
After the incident, the company’s nearly 80,000 employees held their positions to express their utmost support to the company through practical actions. At the same time, customers, partners, and suppliers all over the world expressed their current difficulties in different ways. Understanding and support. These are all sources of confidence in our firm belief in doing our utmost to relieve the crisis.
The company will continue to maintain close communication with all parties and do its best to solve the problem in a shorter time.
The long road also has a long destination. The night is long and there is an end. Let us strengthen our confidence and hopefully welcome the dawn!
Corporate Crisis Response Working Group
May 4, 2018
4. Global best-selling mobile phone list in the first quarter: iPhone X climbed to the top; red rice 5A ranked fifth;
Set Micronet May 5th Message
Recently, the research organization Strategy Analytics released the global best-selling mobile phone list in the first quarter of 2018. Apple is still strong. Among the six best-selling models in the world, Apple occupies four models. Samsung and Xiaomi each have one.
In terms of specific data, iPhone X shipments reached 16 million units in the first quarter of 2018, and it accounted for 4.6% of the world's 354 million smartphones. iPhone 8, iPhone 8 Plus, and iPhone 7 are divided by 234. The number of shipments was 12.5 million units, 8.3 million units and 5.6 million units respectively.
Surprisingly, Xiaomi's low-end machine, red rice 5A, shipped 5.4 million units in quarter, with a share of 1.6%. According to the analysis, the sales volume of Red Rice 5A is closely related to the hot Indian market. Samsung Galaxy S9+, 5.3 million units accounted for 1.5% , ranking sixth.
5. The woman behind Lei Jun’s one hundred billion US dollar empire: A share of 10 companies and 9 senior executives;
Wen Wei AI Finance Company Yang Kaimeng
Edited by Tang Yiyi
All said, 'Behind every successful man, there is a great woman'. The woman behind Lei Jun is Zhang Jian, who rarely shows up publicly.
Zhang Lan and Lei Jun from school uniforms to wedding dresses, from Sentimental to mature, watching him start a business, watching him succeed, watching him fall and stand up again, it is to work together with Lei Jun. According to insider, Zhang Hao now lives in Singapore Responsible for taking care of family and children.
Sun Hongbin, chairman of Sunac China's Board of Directors, said in a speech, 'Wuhan University is a place worth remembering. Many of our first love are here, and many of them even send their first love back home, like Lei Jun.'
Although no information was found on Zhangye in the contents of the millet company and Xiaomi's prospectus, AI Caijing learned through the eye that there were 16 companies related to Zhangye, 1 legal person, 10 equity holders, and senior executives. There were 9 positions and many were closely related to Lei Jun. Among them, Zhang Qi was a legal person of Beijing Qiao Technology Co., Ltd. The actual controller was Lei Jun. Beijing Shunwei Venture Capital Co., Ltd., Lhasa Economic & Technological Development Zone Shunwei Capital Investment The shareholders of Consulting Co., Ltd. are Lei Jun and Zhang Hao.
Beijing Qiao Technology Co., Ltd.
Beijing Shunwei Venture Capital Co., Ltd.
On May 3rd, Xiaomi formally submitted the IPO application documents to the Hong Kong Stock Exchange, which is expected to become the first stock of the "shares with different rights" of the Hong Kong Stock Exchange. Close to the Hong Kong Stock Exchange informed sources, the fastest will be listed in June.
According to the prospectus, Lei Jun, who is the founder and CEO of Xiaomi Technology, only had a 31.41% stake in Xiaomi before it went public. It would be roughly converted at a market value of US$100 billion, and its worth would reach US$31.4 billion. According to the data published by the Forbes real-time rich list, Lei Jun’s net worth of $31.4 billion will be listed among Ma Huateng, Ma Yun and Xu Jiayin as China's fourth richest man.
Lei Jun also returned to his alma mater, Wuhan University, on several occasions. The AI Financial Society consulted the relevant official website of the School of Computer Science of Wuhan University, saying that Lei Jun’s wife Zhang Qian was a 91-level master of Wuhan University. In October 2016, Zhang Hao and her husband Lei Jun attended the meeting in Beijing. The signing ceremony held at Jinshan Software Building, donated 99999999 to his alma mater to build a science and technology building. Lei Jun joked: 'This is a decision we made after careful discussion of our family, under the approval of my 'leader'.'
At the scene of the donation, Zhang Jian read three sentences of 'Lei Jun Quotations'. 'Standing in the air, the pigs can fly up'. Zhang Hao said that Lei Jun’s business is not so simple, easy, and the hardships she sees In the past, Lei Jun’s efforts are unimaginable to many people. “Dream still has to happen. If it does, what if it is achieved?” Zhang Jian reinterprets the meaning of 'dream', saying that dreams refer not only to careers and studies, but also to our dreams. There should be dreams of life and love. 'Climbing is not for the world to see you, but for you to see the world.' Zhang Jian believes that after some hard work, the most important thing is to be able to have a bigger picture and be able to see The higher peaks then continue to climb.
6. The Chinese are restricted to go to the United States for scientific research Technology giants oppose: The United States needs talent
U.S. technology giants are urging President Trump to leave an important group of talented Chinese technicians out of trade disputes.
According to the report of the Washington Post website on May 2, Dean Garfield, head of the Information Technology Industry Committee, said that the White House is considering banning Chinese citizens from engaging in high-tech research in U.S. colleges and universities. The members of the committee are uneasy. This committee represents companies such as Google, Facebook, Apple, and Amazon.
Garfield said that these companies rely on skilled foreign technicians to develop new products.
He said: 'We have heard many members say that restrictions on talent will have a direct negative impact on their ability to conduct business.'
The New York Times reported this week that due to fear of China’s evolving technological capabilities, the US Department of Commerce may take action to prohibit Chinese citizens from participating in 'sensitive' studies in U.S. colleges and technology companies.
The New York Times said that it is not clear which projects the White House believes are 'sensitive' projects. However, Beijing has announced that it intends to surpass the world in terms of chips, electric vehicles and artificial intelligence technologies.
Business leaders warn that such a ban may damage the U.S. economy. Garfield said that technology companies often cooperate with scientists around the world.
He said: 'For example, in the area of artificial intelligence, a Californian scientist may form a close partnership with a scientist in Beijing or Brussels. Preventing free flow of talent is against the interests of the nation.'
He said that today there are about 600,000 technical jobs in the United States that need to be filled. Companies in Silicon Valley and other technology centers often recruit foreign technicians because there are not enough American talents with special skills.
Sarah Pierce, who studies employment trends at the Immigration Policy Institute, said that about one-tenth of the visas issued by the United States for highly skilled foreigners were issued to Chinese citizens in 2017, which is slightly higher than in 2016.
This is about 36,000 people. In 2017, 70% of the H-1B visas issued by the United States were distributed to employees in computer-related fields.
Pierce said: 'In the field of technology, this is extremely important.'
Messier Patel, chief executive of San Francisco-based halder recruitment company, said that placing more restrictions on foreigners will make it more difficult for companies to find talent.
In an e-mail, he said: 'The technology community has long been frustrated by the difficulty of introducing much-needed talent from other countries. The loss of Chinese technical talent may negatively affect the ability of the United States to remain competitive in the global technological economy. . Reference Information Network