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- 老虎发威了老虎发威了
  ·2020-05-05
  ?
  AXA's Multi-Asset Outlook in May: Optimistic that the risk premium of credit bonds will remain high in the near future
  法国安盛投资管理公司增持投资级信用债，同时将股票评级上调至中性，但预计短期内风险溢价仍将高企。
  AXA's Multi-Asset Outlook in May: Optimistic that the risk premium of credit bonds will remain high in the near future
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- 老虎发威了老虎发威了
  ·2020-03-27
  niu
  Baidu rushes to new infrastructure
  新基建已经起步，并且落地速度并不慢。作为 2020 开年第一热门概念，新基建比人们想象中更快落地。疫情得到控制，复工有序进行，各地开始释放利好政策。趋势开始转变，企业也希望能抓住新基建带来的一波红利。
  Baidu rushes to new infrastructure
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- 老虎发威了老虎发威了
  ·2020-03-27
  niu
  Sorry, this post has been deleted
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- 老虎发威了老虎发威了
  ·2020-03-11
  ⊙ω⊙
  Pan Xiangdong: A-shares are not necessarily a safe haven for global assets, but they are relatively resilient
  原标题：【专访】经济学家潘向东：A股并不一定是全球资产避风港，但相对比较抗跌图片来源：视觉中国　　记者 | 满乐　　在美股出现历史性熔断之后，全球股市都在经历“过山车”行情。　　3月10日晚间
  Pan Xiangdong: A-shares are not necessarily a safe haven for global assets, but they are relatively resilient
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19:48","market":"hk","language":"zh","title":"AXA's Multi-Asset Outlook in May: Optimistic that the risk premium of credit bonds will remain high in the near future","url":"https://stock-news.laohu8.com/highlight/detail?id=2033536600","media":"金十数据","summary":"法国安盛投资管理公司增持投资级信用债，同时将股票评级上调至中性，但预计短期内风险溢价仍将高企。","content":"<p><html><body><span>This article comes from RMB Trading and Research</span></p><p><hr/>France's AXA Investment Management Company said in its multi-asset investment report in May that the gradual economic recovery and extraordinary fiscal and policy measures are supporting the market, especially investment-grade credit bonds. Therefore, the company decided to increase its holdings of investment-grade credit bonds, while upgrading the stock rating to neutral. However, it also believes that it is too early to take a more active stance, and reminds that there are still a series of potential turmoil in the future, so it is expected that the risk premium will remain high in the short term.</p><p>AXA released its May multi-asset investment report on the 28th, and pointed out that its<strong><span>Three Important Investment Beliefs</span></strong>：</p><p><strong>1. Be optimistic about credit bonds</strong>: Unprecedented support from fiscal and monetary authorities should help ease valuation and liquidity concerns.</p><p><strong>2. Neutral view on stocks</strong>: The global economy is bound to decline sharply in the first half of 2020, which will have a huge negative impact on earnings, but the basis for economic growth to pick up in the second half of the year is brewing.</p><p><strong>3. Take a neutral stance on government bond duration</strong>: Monetary policy has clearly provided support for bonds, but unprecedented fiscal stimulus and ultimately supply of unprecedented size should keep government bond yields in current ranges.</p><p>Therefore, AXA has made corresponding position arrangements based on these beliefs, while long stock call Delta hedges to protect the portfolio if possible.</p><p>Last month, AXA pointed out the need to get out of the new crown crisis<strong><span>Three conditions are met</span></strong>：<strong>1) Strong central bank support; 2) Large-scale global fiscal easing; 3) The epidemic has reached an inflection point so that the blockade measures can be gradually lifted.</strong></p><p>AXA believes that these conditions are used to answer<strong><span>The key to two important issues</span></strong>Where:<strong>1) How long will the economy remain closed, and what will be the impact on GDP? 2) Is the policy stimulus strong enough to fill the GDP gap?</strong></p><p>The final outcome of the economy and asset prices depends on the net sum of each of these uncertainty-laden factors. If monetary and fiscal stimulus doesn't have the desired effect, then the economy and financial markets will also suffer.</p><p>First,<strong>Central banks' efforts to curb financial pressures and support the economy are unprecedented</strong><strong>，</strong>Because they further expand the use of unconventional tools.</p><p>So while this time the shock exceeded the true impact of the Great Financial Crisis (GFC) of 2008, the financial environment appears to have tightened much less than it did during the GFC, all helped by more aggressive and timely action this time.</p><p>For this reason, within this year alone, the size of the Fed's balance sheet may double relative to the size of the economy, and the ratio to GDP may approach 40% by the end of the year.</p><p>Unconventional moves such as off-balance sheet lending that the Fed will be able to make at a critical moment in this crisis also contributed a lot to this. This is best summed up by what Powell describes as the Fed's \"forceful, proactive, and aggressive\" actions.</p><p>Secondly,<strong>The fiscal policy response is large-scale</strong><strong>，</strong>Include counter-cyclical measures such as unemployment benefits, other income maintenance schemes, tax reductions and government guarantees for corporate loans.</p><p>Following this fiscal response from policymakers, the scale of discretionary fiscal easing is now close to 5% of global GDP, and more than 6% of GDP in advanced economies. This exceeded AXA and the market's expectations in both scale and timing, and is growing rapidly with the announcement of new fiscal measures, especially in the United States.</p><p>Therefore, this should push the U.S. federal deficit up to more than double the previous record levels during the global financial crisis. These deficit projections mean a record jump in debt ratios in developed economies, with significant medium and long-term consequences, especially for vulnerable countries like Italy, where debt levels should exceed 160% of GDP.</p><p>And third,<strong>The pandemic leveled off.</strong></p><p>At the time of writing, new deaths worldwide have declined significantly. Against this backdrop, some countries have begun to ease lockdown measures. In the United States, several states have eased social distancing measures this week. Other states will also provide guidance on reopening plans and may begin restarting their economies in early May or June at the latest. In Europe, the prospect of lifting lockdown measures is also heating up, with some countries unveiling timelines for easing restrictions. AXA believes that these have laid the foundation for the economic rebound in the second half of 2020.</p><p>In short, the gradual economic recovery and extraordinary fiscal and policy measures are supporting the market, especially for investment-grade credit bonds.</p><p>Therefore, AXA increased its holdings of investment-grade credit bonds in its investment portfolio, while also upgrading its stock rating to neutral. But even though AXA has a constructive attitude towards risky assets in the medium term, it believes it is too early to take a more positive stance.</p><p>In fact, the pricing generated by optimism about economic recovery makes<strong>High-risk assets are more vulnerable to disappointment</strong>。 What's more, in an environment with so many variables, the magnitude of this rally is unprecedented.</p><p>AXA reminds next<strong>There are a range of potential risks</strong>：<u>Including the second round of infections, the slow process of returning to normal, the potential second round of effects caused by corporate defaults, and further market chaos (such as oil prices plummeting to negative in April, etc.), so it is expected that the risk premium will remain high in the short term.</u></p><p><img src=\"https://cdn-news.jin10.com/f23c8585-0fc6-4829-99dd-15caf90a31fa.png\"/></p><p></body></html></p>","source":"xnew_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AXA's Multi-Asset Outlook in May: Optimistic that the risk premium of credit bonds will remain high in the near future</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAXA's Multi-Asset Outlook in May: Optimistic that the risk premium of credit bonds will remain high in the near future\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2020-05-05 19:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><span>This article comes from RMB Trading and Research</span></p><p><hr/>France's AXA Investment Management Company said in its multi-asset investment report in May that the gradual economic recovery and extraordinary fiscal and policy measures are supporting the market, especially investment-grade credit bonds. Therefore, the company decided to increase its holdings of investment-grade credit bonds, while upgrading the stock rating to neutral. However, it also believes that it is too early to take a more active stance, and reminds that there are still a series of potential turmoil in the future, so it is expected that the risk premium will remain high in the short term.</p><p>AXA released its May multi-asset investment report on the 28th, and pointed out that its<strong><span>Three Important Investment Beliefs</span></strong>：</p><p><strong>1. Be optimistic about credit bonds</strong>: Unprecedented support from fiscal and monetary authorities should help ease valuation and liquidity concerns.</p><p><strong>2. Neutral view on stocks</strong>: The global economy is bound to decline sharply in the first half of 2020, which will have a huge negative impact on earnings, but the basis for economic growth to pick up in the second half of the year is brewing.</p><p><strong>3. Take a neutral stance on government bond duration</strong>: Monetary policy has clearly provided support for bonds, but unprecedented fiscal stimulus and ultimately supply of unprecedented size should keep government bond yields in current ranges.</p><p>Therefore, AXA has made corresponding position arrangements based on these beliefs, while long stock call Delta hedges to protect the portfolio if possible.</p><p>Last month, AXA pointed out the need to get out of the new crown crisis<strong><span>Three conditions are met</span></strong>：<strong>1) Strong central bank support; 2) Large-scale global fiscal easing; 3) The epidemic has reached an inflection point so that the blockade measures can be gradually lifted.</strong></p><p>AXA believes that these conditions are used to answer<strong><span>The key to two important issues</span></strong>Where:<strong>1) How long will the economy remain closed, and what will be the impact on GDP? 2) Is the policy stimulus strong enough to fill the GDP gap?</strong></p><p>The final outcome of the economy and asset prices depends on the net sum of each of these uncertainty-laden factors. If monetary and fiscal stimulus doesn't have the desired effect, then the economy and financial markets will also suffer.</p><p>First,<strong>Central banks' efforts to curb financial pressures and support the economy are unprecedented</strong><strong>，</strong>Because they further expand the use of unconventional tools.</p><p>So while this time the shock exceeded the true impact of the Great Financial Crisis (GFC) of 2008, the financial environment appears to have tightened much less than it did during the GFC, all helped by more aggressive and timely action this time.</p><p>For this reason, within this year alone, the size of the Fed's balance sheet may double relative to the size of the economy, and the ratio to GDP may approach 40% by the end of the year.</p><p>Unconventional moves such as off-balance sheet lending that the Fed will be able to make at a critical moment in this crisis also contributed a lot to this. This is best summed up by what Powell describes as the Fed's \"forceful, proactive, and aggressive\" actions.</p><p>Secondly,<strong>The fiscal policy response is large-scale</strong><strong>，</strong>Include counter-cyclical measures such as unemployment benefits, other income maintenance schemes, tax reductions and government guarantees for corporate loans.</p><p>Following this fiscal response from policymakers, the scale of discretionary fiscal easing is now close to 5% of global GDP, and more than 6% of GDP in advanced economies. This exceeded AXA and the market's expectations in both scale and timing, and is growing rapidly with the announcement of new fiscal measures, especially in the United States.</p><p>Therefore, this should push the U.S. federal deficit up to more than double the previous record levels during the global financial crisis. These deficit projections mean a record jump in debt ratios in developed economies, with significant medium and long-term consequences, especially for vulnerable countries like Italy, where debt levels should exceed 160% of GDP.</p><p>And third,<strong>The pandemic leveled off.</strong></p><p>At the time of writing, new deaths worldwide have declined significantly. Against this backdrop, some countries have begun to ease lockdown measures. In the United States, several states have eased social distancing measures this week. Other states will also provide guidance on reopening plans and may begin restarting their economies in early May or June at the latest. In Europe, the prospect of lifting lockdown measures is also heating up, with some countries unveiling timelines for easing restrictions. AXA believes that these have laid the foundation for the economic rebound in the second half of 2020.</p><p>In short, the gradual economic recovery and extraordinary fiscal and policy measures are supporting the market, especially for investment-grade credit bonds.</p><p>Therefore, AXA increased its holdings of investment-grade credit bonds in its investment portfolio, while also upgrading its stock rating to neutral. But even though AXA has a constructive attitude towards risky assets in the medium term, it believes it is too early to take a more positive stance.</p><p>In fact, the pricing generated by optimism about economic recovery makes<strong>High-risk assets are more vulnerable to disappointment</strong>。 What's more, in an environment with so many variables, the magnitude of this rally is unprecedented.</p><p>AXA reminds next<strong>There are a range of potential risks</strong>：<u>Including the second round of infections, the slow process of returning to normal, the potential second round of effects caused by corporate defaults, and further market chaos (such as oil prices plummeting to negative in April, etc.), so it is expected that the risk premium will remain high in the short term.</u></p><p><img src=\"https://cdn-news.jin10.com/f23c8585-0fc6-4829-99dd-15caf90a31fa.png\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/webapp/details.html?id=59623&type=news\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://cdn-news.jin10.com/4a0f1aab-3da3-4e82-a69e-fcb44d9c055d.jpg/lite","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DOG":"道指ETF-ProShares做空","SQQQ":"纳指三倍做空ETF","UDOW":"三倍做多道指30ETF-ProShares","IVV":"标普500ETF-iShares","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","SH":"做空标普500-Proshares","SPXU":"三倍做空标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","TQQQ":"纳指三倍做多ETF",".DJI":"道琼斯","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","QID":"两倍做空纳斯达克指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares"},"source_url":"https://xnews.jin10.com/webapp/details.html?id=59623&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2033536600","content_text":"本文来自人民币交易与研究法国安盛投资管理公司在5月多元资产投资报告中表示，经济逐步复苏、以及非同寻常的财政和政策措施都在支撑着市场，尤其是投资级信用债。因此，该公司决定增持投资级信用债，同时将股票评级上调至中性。但其同时认为现在采取更积极的立场还为时过早，并提醒未来还存在一系列潜在的动荡隐患，因此预计短期内风险溢价仍将高企。安盛28日发表了5月多元资产投资报告，并指出其三点重要的投资信念：1. 乐观看待信用债：来自财政和货币当局的空前支持，应有助于缓解估值和流动性方面的担忧。2. 对股票持中性看法：全球经济在2020年上半年必然大幅下滑，对盈利产生巨大的负面影响，但经济增长在下半年回升的基础正在酝酿。3. 对政府债券久期持中性立场：货币政策显然为债券提供了支持，但空前的财政刺激和最终规模空前的供应应该会使政府债券收益率保持在当前区间。因此，安盛根据这些信念做出了相应的头寸安排，同时做多股票看涨期权Delta对冲以在可能的情况下保护投资组合。上个月安盛曾指出摆脱新冠危机需要满足三个条件：1) 强有力的央行支持；2) 大规模的全球财政宽松；3) 疫情迎来拐点，以便逐步解除封锁措施。安盛认为这些条件是用于回答两个重要问题的关键所在：1）经济将持续关闭多久，对GDP的影响如何? 2）政策刺激力度是否足以填补GDP的缺口? 经济和资产价格的最终结果取决于这每一个充满不确定性的因素的净总和。如果货币和财政刺激没有达到预期效果，那么经济和金融市场也会受到影响。首先，各国央行为遏制金融压力和支持经济所做的努力是前所未有的，因为它们进一步扩大了对非常规工具的使用。因此，尽管这一次的冲击超过了2008年大金融危机时期（GFC）的真正影响，但金融环境收紧程度似乎远低于GFC时期，这一切得益于这一次更加积极且及时的行动。为此，仅仅今年一年内，美联储资产负债表规模相对于经济规模可能会扩大一倍，年底时与GDP之比可能会逼近40%。在这场危机的关键时刻，美联储将能够进行表外贷款等非常规举动也为此贡献良多。鲍威尔所描述的美联储“有力、主动和积极”的行动最能概括这一点。其次，财政政策的应对措施是大规模的，包括反周期措施，如失业补贴、其他收入维持计划、减少税收以及政府对企业贷款的担保。在政策制定者做出这种财政回应后，可自由支配的财政宽松规模目前已接近全球GDP的5%，在发达经济体中则超过了GDP的6%。这在规模和时机上都超出了安盛和市场的预期，而且随着新的财政措施(尤其是在美国)的宣布，这一预期正在迅速增长。因此，这应会将美国联邦赤字推高至此前全球金融危机期间创纪录水平的两倍以上。这些赤字预测意味着，发达经济体的债务比率将出现创纪录的跃升，这将带来重要的中长期后果，尤其是对意大利等脆弱国家而言，它们的债务水平应该会超过GDP的160%。第三，疫情趋于平稳。撰写本文时，全球范围内新增死亡病例明显下降。在这种背景下，一些国家开始放松封锁措施。在美国，本周有几个州放松了社交疏离措施。其他州也将提供重新开放计划指引，并可能在5月初、最晚在6月开始重启经济。在欧洲，解除封锁措施的前景也在升温，一些国家公布了放松限制措施的时间表。安盛认为这些都为2020年下半年经济反弹奠定了基础。总之，经济的逐渐恢复，以及非同寻常的财政和政策措施，都在支撑着市场，对投资级信用债来说尤其如此。因此安盛在投资组合中增持投资级信用债，同时还将股票评级上调至中性。不过即使安盛在中期对风险资产持建设性态度，但是其认为现在采取更积极的立场还为时过早。事实上，对经济复苏持乐观情绪而产生的定价，使高风险资产更容易受到失望情绪的影响。更何况在一个有如此多变数的环境中，这次反弹的幅度是前所未有的。安盛提醒接下来存在一系列的潜在风险：包括第二轮感染潮、回归正常的进程缓慢、企业违约等导致的潜在的第二轮效应以及进一步的市场混乱（比如4月油价暴跌至负等等），因此预计短期内风险溢价仍将高企。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"SQQQ":0.6,"QLD":0.6,"IVV":0.6,".DJI":0.6,"DDM":0.6,"SPY":0.6,"SDS":0.6,"SSO":0.6,"QQQ":0.6,"QID":0.6,"TQQQ":0.6,"UDOW":0.6,"SPXU":0.6,".IXIC":0.6,"SDOW":0.6,"DXD":0.6,"PSQ":0.6,"SH":0.6,"DOG":0.6}},"isVote":1,"tweetType":1,"viewCount":1106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":929123739,"gmtCreate":1585263460821,"gmtModify":1705297605194,"author":{"id":"3455710583930825","authorId":"3455710583930825","name":"老虎发威了","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3455710583930825","idStr":"3455710583930825"},"themes":[],"htmlText":"niu","listText":"niu","text":"niu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/929123739","repostId":"2022900847","repostType":2,"repost":{"id":"2022900847","kind":"news","pubTimestamp":1585231599,"share":"https://ttm.financial/m/news/2022900847?lang=en_US&edition=fundamental","pubTime":"2020-03-26 22:06","market":"us","language":"zh","title":"Baidu rushes to new infrastructure","url":"https://stock-news.laohu8.com/highlight/detail?id=2022900847","media":"极客公园","summary":"新基建已经起步，并且落地速度并不慢。作为 2020 开年第一热门概念，新基建比人们想象中更快落地。疫情得到控制，复工有序进行，各地开始释放利好政策。趋势开始转变，企业也希望能抓住新基建带来的一波红利。","content":"<p><html><body><article><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229511/0\"/>The new infrastructure has started, and the landing speed is not slow.</p><p>As the first hot concept at the beginning of 2020, new infrastructure landed faster than people imagined.</p><p>The epidemic situation was under control, the resumption of work was carried out in an orderly manner, and various localities began to release favorable policies. The trend has begun to change, and enterprises also hope to seize the wave of dividends brought by the new infrastructure.</p><p><a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Maybe that's what he thinks. In the past half month, Baidu Apollo has successively won bids for autonomous driving, intelligent network connection, and vehicle-road collaboration projects in three places across the country. When people's lives and work gradually returned to normal, it fired the first shot of new infrastructure.</p><p>The golden age of vehicle-road collaboration</p><p>March is not over yet, and Baidu Apollo has made moves in Chongqing, Hefei and Yangquan.</p><p>On March 17, Yongchuan District, Chongqing announced that Baidu Apollo won the bid for the construction project of the open test base for autonomous driving in the west of Yongchuan District, Chongqing, with a project amount of 52.8 million yuan. As the only company in China with full-stack capabilities of self-driving vehicles, roads, clouds, and maps, Baidu was selected as the single procurement supplier for this project.</p><p>On March 23, according to the announcement of the Hefei Public Resources Trading Center, Baidu won the bid for the Hefei Intelligent Connected Vehicle Tangxihe Park 5G demonstration operation line design, procurement and construction integration project, and will build China's first large-scale 5G vehicle-road collaborative demonstration line. This is also Hefei's implementation of national policies such as transportation power and smart car innovation and development strategy, and promotion of new infrastructure benchmark projects represented by 5G, artificial intelligence and Internet of Things.</p><p>On March 24, Baidu Apollo won the bid for the pilot autonomous vehicle-road collaborative demonstration zone (urban section) project for the construction of a powerful transportation country in Shanxi Province. The project will carry out vehicle-road collaborative planning and construction in Yangquan Economic Development Zone to support autonomous driving technology verification, testing and evaluation, and operation services.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229512/0\"/>Baidu Apollo Chongqing Yongchuan District Winning Bid Announcement | Chongqing Yongchuan Public Resources Trading Center</p><p>To sum up briefly, in the process of building their own high-tech business cards, technologies such as autonomous driving are the ones that can best reflect the level of science and technology. Baidu, which has always emphasized artificial intelligence and autonomous driving, has become the most preferred.</p><p>It is not difficult to understand that Baidu has been determined to transform to artificial intelligence since 2017, and its investment in autonomous driving will be traced back to 2015. Also in 2015, the State Council issued \"Made in China 2025\", which listed intelligent connected vehicles as the key areas of national intelligent manufacturing development in the next ten years, and clearly pointed out that the overall technology and key technologies of intelligent assisted driving should be mastered by 2020, and the overall technology and key technologies of autonomous driving should be mastered by 2025.</p><p>It is worth noting that although autonomous driving continues to make new progress in the two major markets led by China and the United States, in 2019, the focus of China and the United States on autonomous driving quietly began to diverge. The United States insists on equipping cars with a large number of sensors to complete the upgrade of autonomous driving on a purely technical route, while China focuses more on vehicle-road coordination.</p><p>What is vehicle-road collaboration? The technical term explanation is as follows: Vehicle-road collaboration is a safe, efficient and environmentally friendly road traffic system formed by adopting advanced wireless communication and new generation Internet technologies to implement dynamic real-time information interaction between vehicles and roads in an all-round way, and carry out active vehicle safety control and road collaborative management on the basis of full-time and space dynamic traffic information collection and integration, so as to fully realize the effective collaboration between people, vehicles and roads, ensure traffic safety and improve traffic efficiency.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229513/0\"/>Vehicle-road collaboration V2X, vehicle to everything<a href=\"https://laohu8.com/S/000681\">Vision china</a></p><p>It is also an autonomous driving technology, but it is not just a transformation of the car, but a connection between the car and the road, as well as all the traffic equipment on the road, and a package into an ecosystem. Vehicle-road collaboration slightly reduces the technical difficulty of automatic driving, but the traffic safety is greatly improved. As we all know, autonomous driving technology is not fully mature, safety risks still exist, and vehicle-road coordination can play a good balancing role in it.</p><p>Take Chongqing as an example. Chongqing's terrain is famous for its complexity. The industry agrees that this is the most challenging area for autonomous driving, and it is called the all-round examination room. According to the western autonomous driving open test base project built by Baidu Apollo in Yongchuan, Chongqing, it includes the completion of front-end system construction, including the deployment of perception, transmission, edge server, and signal control system at the deployment point; Complete the deployment of the data center vehicle-road collaborative cloud control platform and autonomous vehicle supervision platform.</p><p>Therefore, from the current point of view, whether it is intelligent network connection or autonomous driving, it is now highly related to vehicle-road collaboration, and can even be counted as a category. If summed up in one word, intelligent transportation may be the most suitable.</p><p>Bet on new infrastructure</p><p>An epidemic caused heavy losses to China in the first three months of 2020, and new infrastructure is regarded as a powerful measure to stimulate economic recovery.</p><p>Not only Baidu, according to the observation of Geek Park (ID: geekpark), many companies have begun to develop new infrastructure. In terms of 5G communication networks, the three major operators all released bidding plans in March, with a total amount of approximately 73 billion yuan. At present, listed companies have issued announcements saying that the company is one of the successful candidates.</p><p>It can be seen that the new infrastructure has started, and the starting speed is not slow.</p><p>The concept of new infrastructure was first proposed at the central meeting in December 2018. Entering 2020, the concept of new infrastructure has been frequently mentioned in relevant central meetings again. According to incomplete statistics, new infrastructure includes 5G infrastructure, industrial Internet, artificial intelligence, Internet of Things, big data centers, UHV, new energy vehicle charging piles, intercity high-speed railways and intercity rail transit, etc.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229514/0\"/>New infrastructure includes many areas | Network</p><p>Going back to the field of autonomous driving, it is worth noting that intelligent transportation cannot be counted as a certain subdivision of new infrastructure, but it can include 5G, artificial intelligence, Internet of Things, big data centers and other fields. Included.</p><p>For example, Baidu Apollo launched the trial operation of Robotaxi, a self-driving taxi fleet, in Changsha in 2019. The total length of the test road is 135 kilometers, which will also involve vehicle-road coordination. The core road section has covered the 5G network.</p><p>Geek Park has experienced it. If the vehicle encounters the modified V2X intersection, the traffic light situation, how many cars are in front of it, and how many seconds it takes to pass, everyone in the car can see it on the screen. According to the video demonstration, Robotaxi can complete U-turns, overtaking, lane changes and other actions. It can accurately perceive and deeply understand traffic at intersections. It can also perceive lane information on highway road conditions and change lanes in advance. In addition, Geek Park noticed at the scene that Huawei is not the only one doing 5G base stations in the core road section.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229515/0\"/>Robotaxi operated by Baidu in Changsha has added vehicle-road collaboration elements | On-site shooting</p><p>According to Li Zhenyu, vice president of Baidu and general manager of the intelligent driving business group, the first phase of the Changsha Robotaxi vehicle-road collaboration project will be paved for 100 kilometers, with 32 points, basically laid at large intersections. In the vehicle-road collaboration part, vehicles are linked with smart traffic lights and road smart cameras. On the one hand, road data information is sent to passing vehicles, and on the other hand, it is transmitted to the cloud control platform, using structured data to do many other applications and things.</p><p>Li Zhenyu specifically mentioned that although Robotaxi is a trial operation, vehicle-road collaboration is indeed a commercial project. If 100 kilometers of roads are paved, all vehicles that meet the standards on the road can be served.</p><p>Therefore, from this perspective, if a vehicle-road collaborative section is built, it is absolutely impossible to rely only on one or two companies to complete it. Baidu also told Geek Park that every company will have relevant partners and suppliers in the construction project. The integration of new infrastructure begins with autonomous driving.</p><p>In other words, at the beginning of the new infrastructure wave, more than one party will definitely benefit. As long as we seize the opportunity, 2020 will be a good start for companies that have just been hit by the black swan.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11488990581/0\"/><img src=\"http://inews.gtimg.com/newsapp_match/0/11498731817/0\"/>Cover source: Baidu Apollo | Editor in charge: Wuchong</p><p>Please contact zhuanzai@geekpark.net for reprinting</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11488990583/0\"/><img src=\"http://inews.gtimg.com/newsapp_match/0/11488990584/0\"/><img src=\"http://inews.gtimg.com/newsapp_match/0/11488990585/0\"/></article></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu rushes to new infrastructure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu rushes to new infrastructure\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">极客公园</strong><span class=\"h-time small\">2020-03-26 22:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229511/0\"/>The new infrastructure has started, and the landing speed is not slow.</p><p>As the first hot concept at the beginning of 2020, new infrastructure landed faster than people imagined.</p><p>The epidemic situation was under control, the resumption of work was carried out in an orderly manner, and various localities began to release favorable policies. The trend has begun to change, and enterprises also hope to seize the wave of dividends brought by the new infrastructure.</p><p><a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Maybe that's what he thinks. In the past half month, Baidu Apollo has successively won bids for autonomous driving, intelligent network connection, and vehicle-road collaboration projects in three places across the country. When people's lives and work gradually returned to normal, it fired the first shot of new infrastructure.</p><p>The golden age of vehicle-road collaboration</p><p>March is not over yet, and Baidu Apollo has made moves in Chongqing, Hefei and Yangquan.</p><p>On March 17, Yongchuan District, Chongqing announced that Baidu Apollo won the bid for the construction project of the open test base for autonomous driving in the west of Yongchuan District, Chongqing, with a project amount of 52.8 million yuan. As the only company in China with full-stack capabilities of self-driving vehicles, roads, clouds, and maps, Baidu was selected as the single procurement supplier for this project.</p><p>On March 23, according to the announcement of the Hefei Public Resources Trading Center, Baidu won the bid for the Hefei Intelligent Connected Vehicle Tangxihe Park 5G demonstration operation line design, procurement and construction integration project, and will build China's first large-scale 5G vehicle-road collaborative demonstration line. This is also Hefei's implementation of national policies such as transportation power and smart car innovation and development strategy, and promotion of new infrastructure benchmark projects represented by 5G, artificial intelligence and Internet of Things.</p><p>On March 24, Baidu Apollo won the bid for the pilot autonomous vehicle-road collaborative demonstration zone (urban section) project for the construction of a powerful transportation country in Shanxi Province. The project will carry out vehicle-road collaborative planning and construction in Yangquan Economic Development Zone to support autonomous driving technology verification, testing and evaluation, and operation services.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229512/0\"/>Baidu Apollo Chongqing Yongchuan District Winning Bid Announcement | Chongqing Yongchuan Public Resources Trading Center</p><p>To sum up briefly, in the process of building their own high-tech business cards, technologies such as autonomous driving are the ones that can best reflect the level of science and technology. Baidu, which has always emphasized artificial intelligence and autonomous driving, has become the most preferred.</p><p>It is not difficult to understand that Baidu has been determined to transform to artificial intelligence since 2017, and its investment in autonomous driving will be traced back to 2015. Also in 2015, the State Council issued \"Made in China 2025\", which listed intelligent connected vehicles as the key areas of national intelligent manufacturing development in the next ten years, and clearly pointed out that the overall technology and key technologies of intelligent assisted driving should be mastered by 2020, and the overall technology and key technologies of autonomous driving should be mastered by 2025.</p><p>It is worth noting that although autonomous driving continues to make new progress in the two major markets led by China and the United States, in 2019, the focus of China and the United States on autonomous driving quietly began to diverge. The United States insists on equipping cars with a large number of sensors to complete the upgrade of autonomous driving on a purely technical route, while China focuses more on vehicle-road coordination.</p><p>What is vehicle-road collaboration? The technical term explanation is as follows: Vehicle-road collaboration is a safe, efficient and environmentally friendly road traffic system formed by adopting advanced wireless communication and new generation Internet technologies to implement dynamic real-time information interaction between vehicles and roads in an all-round way, and carry out active vehicle safety control and road collaborative management on the basis of full-time and space dynamic traffic information collection and integration, so as to fully realize the effective collaboration between people, vehicles and roads, ensure traffic safety and improve traffic efficiency.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229513/0\"/>Vehicle-road collaboration V2X, vehicle to everything<a href=\"https://laohu8.com/S/000681\">Vision china</a></p><p>It is also an autonomous driving technology, but it is not just a transformation of the car, but a connection between the car and the road, as well as all the traffic equipment on the road, and a package into an ecosystem. Vehicle-road collaboration slightly reduces the technical difficulty of automatic driving, but the traffic safety is greatly improved. As we all know, autonomous driving technology is not fully mature, safety risks still exist, and vehicle-road coordination can play a good balancing role in it.</p><p>Take Chongqing as an example. Chongqing's terrain is famous for its complexity. The industry agrees that this is the most challenging area for autonomous driving, and it is called the all-round examination room. According to the western autonomous driving open test base project built by Baidu Apollo in Yongchuan, Chongqing, it includes the completion of front-end system construction, including the deployment of perception, transmission, edge server, and signal control system at the deployment point; Complete the deployment of the data center vehicle-road collaborative cloud control platform and autonomous vehicle supervision platform.</p><p>Therefore, from the current point of view, whether it is intelligent network connection or autonomous driving, it is now highly related to vehicle-road collaboration, and can even be counted as a category. If summed up in one word, intelligent transportation may be the most suitable.</p><p>Bet on new infrastructure</p><p>An epidemic caused heavy losses to China in the first three months of 2020, and new infrastructure is regarded as a powerful measure to stimulate economic recovery.</p><p>Not only Baidu, according to the observation of Geek Park (ID: geekpark), many companies have begun to develop new infrastructure. In terms of 5G communication networks, the three major operators all released bidding plans in March, with a total amount of approximately 73 billion yuan. At present, listed companies have issued announcements saying that the company is one of the successful candidates.</p><p>It can be seen that the new infrastructure has started, and the starting speed is not slow.</p><p>The concept of new infrastructure was first proposed at the central meeting in December 2018. Entering 2020, the concept of new infrastructure has been frequently mentioned in relevant central meetings again. According to incomplete statistics, new infrastructure includes 5G infrastructure, industrial Internet, artificial intelligence, Internet of Things, big data centers, UHV, new energy vehicle charging piles, intercity high-speed railways and intercity rail transit, etc.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229514/0\"/>New infrastructure includes many areas | Network</p><p>Going back to the field of autonomous driving, it is worth noting that intelligent transportation cannot be counted as a certain subdivision of new infrastructure, but it can include 5G, artificial intelligence, Internet of Things, big data centers and other fields. Included.</p><p>For example, Baidu Apollo launched the trial operation of Robotaxi, a self-driving taxi fleet, in Changsha in 2019. The total length of the test road is 135 kilometers, which will also involve vehicle-road coordination. The core road section has covered the 5G network.</p><p>Geek Park has experienced it. If the vehicle encounters the modified V2X intersection, the traffic light situation, how many cars are in front of it, and how many seconds it takes to pass, everyone in the car can see it on the screen. According to the video demonstration, Robotaxi can complete U-turns, overtaking, lane changes and other actions. It can accurately perceive and deeply understand traffic at intersections. It can also perceive lane information on highway road conditions and change lanes in advance. In addition, Geek Park noticed at the scene that Huawei is not the only one doing 5G base stations in the core road section.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11502229515/0\"/>Robotaxi operated by Baidu in Changsha has added vehicle-road collaboration elements | On-site shooting</p><p>According to Li Zhenyu, vice president of Baidu and general manager of the intelligent driving business group, the first phase of the Changsha Robotaxi vehicle-road collaboration project will be paved for 100 kilometers, with 32 points, basically laid at large intersections. In the vehicle-road collaboration part, vehicles are linked with smart traffic lights and road smart cameras. On the one hand, road data information is sent to passing vehicles, and on the other hand, it is transmitted to the cloud control platform, using structured data to do many other applications and things.</p><p>Li Zhenyu specifically mentioned that although Robotaxi is a trial operation, vehicle-road collaboration is indeed a commercial project. If 100 kilometers of roads are paved, all vehicles that meet the standards on the road can be served.</p><p>Therefore, from this perspective, if a vehicle-road collaborative section is built, it is absolutely impossible to rely only on one or two companies to complete it. Baidu also told Geek Park that every company will have relevant partners and suppliers in the construction project. The integration of new infrastructure begins with autonomous driving.</p><p>In other words, at the beginning of the new infrastructure wave, more than one party will definitely benefit. As long as we seize the opportunity, 2020 will be a good start for companies that have just been hit by the black swan.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11488990581/0\"/><img src=\"http://inews.gtimg.com/newsapp_match/0/11498731817/0\"/>Cover source: Baidu Apollo | Editor in charge: Wuchong</p><p>Please contact zhuanzai@geekpark.net for reprinting</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/11488990583/0\"/><img src=\"http://inews.gtimg.com/newsapp_match/0/11488990584/0\"/><img src=\"http://inews.gtimg.com/newsapp_match/0/11488990585/0\"/></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202003262213537aeee612&s=b\">极客公园</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f25467dd33e63770731064b931e82bd0","relate_stocks":{"BIDU":"百度","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202003262213537aeee612&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2022900847","content_text":"新基建已经起步，并且落地速度并不慢。作为 2020 开年第一热门概念，新基建比人们想象中更快落地。疫情得到控制，复工有序进行，各地开始释放利好政策。趋势开始转变，企业也希望能抓住新基建带来的一波红利。百度或许就是这么想的。在近半个月内，百度 Apollo 接连在全国三地中标自动驾驶、智能网联和车路协同等项目，在人们生活工作逐渐恢复常态之时，打响了新基建的第一枪。车路协同的黄金时代3 月还没结束，百度 Apollo 在重庆、合肥和阳泉都有了动作。3 月 17 日，重庆市永川区对外公示，百度 Apollo 中标重庆永川区「西部自动驾驶开放测试基地」建设项目，项目金额为 5280 万元。百度作为国内唯一具备自动驾驶车、路、云、图全栈能力的公司，入选该项目的单一采购供应商。3 月 23 日，根据合肥市公共资源交易中心公示，百度中标合肥市智能网联汽车塘西河公园 5G 示范运行线设计采购施工一体化项目，将建设中国首个大型 5G 车路协同示范线。这也是合肥市践行「交通强国」、「智能汽车创新发展战略」等国家政策，推动以 5G、人工智能、物联网为代表的新基建标杆项目。3 月 24 日，百度 Apollo 中标山西省交通强国建设试点自动驾驶车路协同示范区（城市路段）项目。该项目将在阳泉市经济开发区进行车路协同规划建设，支撑自动驾驶技术验证、测试评价、运营服务。百度 Apollo 重庆市永川区中标公示｜重庆永川公共资源交易中心简单总结归纳一下，各地在打造属于自己的「高科技名片」过程中，自动驾驶等技术是最能体现科技水准的一类，再顺藤摸瓜往下探，一直以来强调人工智能、自动驾驶的百度成为了最优选。不难理解，百度从 2017 年开始就决心向人工智能转型，对自动驾驶的投入要再往前追溯到 2015 年。同样在 2015 年，国务院印发了《中国制造 2025》，将智能网联汽车列入未来十年国家智能制造发展的重点领域，明确指出到 2020 年要掌握智能辅助驾驶总体技术及各项关键技术，到 2025 年要掌握自动驾驶总体技术及各项关键技术。值得注意的一点是，虽然自动驾驶在中国和美国为首的两大市场不断有新进展，但在 2019 年，中美两国对自动驾驶的关注点悄然开始分化。美国坚持发展在汽车上装备大量传感器，以纯技术路线完成自动驾驶的升级，而中国则更多把重点放在了「车路协同」之上。什么是车路协同？专业名词解释是这么讲的：车路协同是采用先进的无线通信和新一代互联网等技术，全方位实施车车、车路动态实时信息交互，并在全时空动态交通信息采集与融合的基础上开展车辆主动安全控制和道路协同管理，充分实现人车路的有效协同，保证交通安全，提高通行效率，从而形成的安全、高效和环保的道路交通系统。车路协同（V2X，vehicle to everything）｜视觉中国同样是自动驾驶技术，却不只是改造车，而是把车和路，以及路上所有的交通设备联系在一起，打包成一个生态圈。车路协同对汽车自动驾驶技术难度来说略有降低，但是交通安全性大大提高。众所周知，自动驾驶技术并不算完全成熟，安全风险依然存在，车路协同在其中就可以很好地起到平衡作用。以重庆为例，重庆地形以复杂著称，行业内一致认为这里是自动驾驶挑战性最大的区域，被称作「全能考场」。而根据百度 Apollo 在重庆永川建设的西部自动驾驶开放测试基地项目中，就包括完成前端系统建设，包括部署点的感知、传输、边缘服务器、信号控制系统的部署；完成数据中心车路协同云控平台、自动驾驶车辆监管平台的部署。所以，从目前来看，不管是智能网联还是自动驾驶，现在都与车路协同高度相关，甚至可以算作一个类别。如果总结成一个词语，智能交通可能是最适合的。押注「新基建」一场疫情让 2020 年前三个月的中国遭遇重创，新基建被看作是刺激经济复苏的强力举措。不止是百度，据极客公园（ID：geekpark）观察，不少公司都已经开始发力新基建。在 5G 通信网络方面，三大运营商都在 3 月发布招标计划，总金额约为 730 亿元。目前，已有上市公司发布公告，称公司为中标候选人之一。可以看出，新基建已经起步，并且起步速度并不慢。「新基建」的概念最早在 2018 年 12 月的中央会议上提出，进入到 2020 年，「新基建」的概念再次在中央相关会议中被频繁提及。根据不完全统计，新基建包括 5G 基建、工业互联网、人工智能、物联网、大数据中心、特高压、新能源汽车充电桩、城际高速铁路和城际轨道交通等。新基建包括诸多领域｜网络回到自动驾驶领域，值得说明的是，智能交通并不能算作新基建中某一细分种类，但它往大了说，可以把 5G、人工智能、物联网、大数据中心等多个领域囊括在内。比如，百度 Apollo 2019 年在长沙开启了自动驾驶出租车队 Robotaxi 试运营。测试道路全长 135 公里，其中也会涉及到车路协同的部分，核心路段已经覆盖 5G 网络。极客公园曾进行体验，如果车辆遇到经过改造的 V2X 路口，红绿灯情况、前面有几辆车、还需等几秒才能通过等信息，车内人都能在屏幕上看到。根据视频演示，Robotaxi 能够完成掉头、超车，变道等动作，在路口通行能够精准感知和深度认知，高速路况也可感知车道信息，提前进行变道。另外，极客公园在现场注意到，核心路段中 5G 基站就有不止华为一家在做。百度在长沙运营的 Robotaxi 加入了车路协同元素｜现场拍摄据百度副总裁、智能驾驶事业群组总经理李震宇称，长沙 Robotaxi 车路协同一期工程 100 公里进行铺设，有 32 个点位，基本都铺设在大的十字路口。在车路协同部分，车辆与智能红绿灯、道路智能摄像头进行联动，道路数据信息一方面发送到路过的车辆，另一方面传到云控平台，利用结构化数据做很多别的应用和事情。李震宇特别提到，虽然 Robotaxi 属于试运营，但车路协同确实属于商业化项目。如果 100 公里道路铺设完毕，可以服务道路上所有符合标准的车辆。因此，从这个角度来看，如果打造车路协同路段，绝不可能仅依靠一两家企业来完成。百度方面也告诉极客公园，在建设项目当中，每家公司都会有相关的合作伙伴和供应商。新基建的融合，从自动驾驶就开始了。换句话说，在新基建浪潮开始时，受益的肯定不止一方。只要抓住机会，2020 年对于刚遭受黑天鹅打击的企业来说，也算是开了个好头。封面来源：百度 Apollo ｜ 责任编辑：卧虫转载请联系 zhuanzai@geekpark.net","news_type":1,"symbols_score_info":{"QNETCN":0.6,"BIDU":1}},"isVote":1,"tweetType":1,"viewCount":1220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":929123527,"gmtCreate":1585263406369,"gmtModify":1705297604695,"author":{"id":"3455710583930825","authorId":"3455710583930825","name":"老虎发威了","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3455710583930825","idStr":"3455710583930825"},"themes":[],"htmlText":"niu","listText":"niu","text":"niu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/929123527","repostId":"1139524455","repostType":2,"isVote":1,"tweetType":1,"viewCount":1119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":965107987,"gmtCreate":1583927124949,"gmtModify":1705292203938,"author":{"id":"3455710583930825","authorId":"3455710583930825","name":"老虎发威了","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3455710583930825","idStr":"3455710583930825"},"themes":[],"htmlText":"⊙ω⊙","listText":"⊙ω⊙","text":"⊙ω⊙","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/965107987","repostId":"2018994540","repostType":2,"repost":{"id":"2018994540","kind":"news","pubTimestamp":1583915700,"share":"https://ttm.financial/m/news/2018994540?lang=en_US&edition=fundamental","pubTime":"2020-03-11 16:35","market":"sh","language":"zh","title":"Pan Xiangdong: A-shares are not necessarily a safe haven for global assets, but they are relatively resilient","url":"https://stock-news.laohu8.com/highlight/detail?id=2018994540","media":"界面新闻","summary":"原标题：【专访】经济学家潘向东：A股并不一定是全球资产避风港，但相对比较抗跌\n图片来源：视觉中国\n　　记者 | 满乐\n　　在美股出现历史性熔断之后，全球股市都在经历“过山车”行情。\n　　3月10日晚间","content":"<p><div>Original title: [Exclusive interview] Economist Pan Xiangdong: A-shares are not necessarily a safe haven for global assets, but they are relatively resilient. Source: vision china reporter | Manle After the historic fuse of US stocks, global stock markets are experiencing a \"roller coaster\" market. On the evening of March 10th, the U.S. stock market broke out after the downturn, and all three major indexes recorded an increase of nearly 5%. However, A-shares were not affected by the sorrow of European and American stock markets the day before, and they were all red, but there was a collective correction on March 11th. In just two days, the performance of the global capital market has been turbulent. How to see the present global...</p><p><a href=\"https://finance.sina.com.cn/roll/2020-03-11/doc-iimxyqvz9629856.shtml\">Web link</a></div></p>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pan Xiangdong: A-shares are not necessarily a safe haven for global assets, but they are relatively resilient</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPan Xiangdong: A-shares are not necessarily a safe haven for global assets, but they are relatively resilient\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">界面新闻</strong><span class=\"h-time small\">2020-03-11 16:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Original title: [Exclusive interview] Economist Pan Xiangdong: A-shares are not necessarily a safe haven for global assets, but they are relatively resilient. Source: vision china reporter | Manle After the historic fuse of US stocks, global stock markets are experiencing a \"roller coaster\" market. On the evening of March 10th, the U.S. stock market broke out after the downturn, and all three major indexes recorded an increase of nearly 5%. However, A-shares were not affected by the sorrow of European and American stock markets the day before, and they were all red, but there was a collective correction on March 11th. In just two days, the performance of the global capital market has been turbulent. How to see the present global...</p><p><a href=\"https://finance.sina.com.cn/roll/2020-03-11/doc-iimxyqvz9629856.shtml\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/roll/2020-03-11/doc-iimxyqvz9629856.shtml\">界面新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/99b454a699c68cf681f9193222268c4c","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DXD":"两倍做空道琼30指数ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","DOG":"道指ETF-ProShares做空","SQQQ":"纳指三倍做空ETF","UDOW":"三倍做多道指30ETF-ProShares","IVV":"标普500ETF-iShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SH":"做空标普500-Proshares","QQQ":"纳指100ETF","SPXU":"三倍做空标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF",".DJI":"道琼斯","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.sina.com.cn/roll/2020-03-11/doc-iimxyqvz9629856.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2018994540","content_text":"原标题：【专访】经济学家潘向东：A股并不一定是全球资产避风港，但相对比较抗跌\n图片来源：视觉中国\n　　记者 | 满乐\n　　在美股出现历史性熔断之后，全球股市都在经历“过山车”行情。\n　　3月10日晚间，美国股市低迷之后出现爆发，三大指数均录得近5%的涨幅。而A股在前一日未受欧美股市哀鸿遍野影响，全线飘红，而在3月11日出现集体回调。\n　　短短两日，全球资本市场表现波诡云谲。如何看待当下的全球金融市场，中国股市又能否成为全球资金的“避风港”。3月11日，界面新闻就外界最关心的这些话题专访了新时代证券首席经济学家潘向东。\n　　以下为采访实录：\n　　意外降息未能安抚市场，美联储货币政策空间有限\n　　界面新闻：美股3月9日的熔断创下自2008年12月以来的最大跌幅，引发了全球股市巨震，您认为此次大跌的主要诱因是什么？是否有演变为金融危机的可能？\n　　潘向东：此次大跌的主要诱因是海外疫情加上沙特发起原油价格战导致油价史诗级暴跌，进而加剧市场对通货紧缩以及美国企业债务风险爆发的担忧。\n　　当前美国三大部门中，最脆弱的可能是企业部门，长期的低利率刺激了企业债务扩张，2019年三季度末美国企业杠杆率达到75.3%，创历史新高，低等级信用债的规模也大幅上升。而企业部门中，风险比较大的是能源部门，次贷危机后美国能源部门迅速扩张，原油产量持续飙升，2018年美国成为世界上最大石油生产国，油价下跌可能引发石油部门债务危机。是否演变为金融危机，取决于疫情对美国及全球经济的影响，以及对冲政策，这存在很大不确定性，投资者也有分歧，都在边走边看。\n　　界面新闻：美联储曾在月初突然宣布降息50个基点，市场对于这次意外的提前降息有一些负面的声音，您怎么看这次降息的原因？现在外界又对3月18日美联储再次降息的预期高涨，这会不会进一步扩大市场恐慌？\n　　潘向东：此前市场预期美联储会在3月17日-18日的议息会议期间降息，但没预期到美联储会提前降息。美联储提前超预期降息的目的有两个。\n　　首先，应对疫情对美国经济的冲击。虽然已发布的美国经济数据整体比较健康，但是数据发布存在滞后性，而且货币政策还要考虑到前瞻性。疫情全球蔓延，将对美国经济产生严重的负面影响。欧洲、日本、韩国、中国都是全球产业链重要的部分，这些地区遭受疫情肯定会影响产业链上游的美国。疫情还严重影响了美国和其他国家制造业之外的商务活动。疫情发展下去，美国本身的消费、投资也将受到影响，甚至可能引发企业债务危机。\n　　其次，救市、股市和实体经济通过居民和企业的资产负债表紧密联系在一起。美联储提前降息的一个很重要目的就是，防止美股持续暴跌引发系统性风险。此次降息前疫情已经导致标普500出现了“6个交易日内下跌超过10%”的历史最快回调。\n　　与此同时，美国选举“超级星期二”临近，投资者担忧桑德斯获胜，会对美国经济、政策连续性及市场都极为不利，因此，美联储选择在民主党选举前降息一定程度上可以对冲“桑德斯效应”对美股的冲击。\n　　3月3日意外降息并没有很好地安抚市场，降息后的几日美股仍大幅波动。这说明市场担忧疫情将会对美国以及全球经济产生严重影响。如果这样的话，年内美联储确实可能继续降息，但是和次贷危机时相比，美联储的货币政策空间已经不大，这也是市场忧虑的地方。\n　　A股与美股相关性大幅提升，但仍相对抗跌\n　　界面新闻记者：在美股经历“黑色星期一”后，3月10日的美股出现大涨，全球股市也都进行了反弹，对于这种情况您怎么看？这种反弹是否只是昙花一现？而A股真的会是全球资产避险港湾吗？\n　　潘向东：这主要是大跌后的技术性修复，当然中国领导人前往武汉，某种程度上是意味着中国抗疫取得阶段性成功，提振市场信心，同时特朗普也在考虑减税等刺激经济政策，以上因素共同导致全球股市反弹。\n　　实际上，在亚太市场开盘期间，美股的股指期货已经大涨并触发交易限制，是美股在引领全球股市。只能说中国疫情好转与复工走在了全球的前面，A股相对比较抗跌。疫情爆发以来，A股与美股的相关性大幅提升，美股暴跌时，北上资金大幅净流出A股，A股一样大跌，只是跌幅相对全球股市比较小，但并不一定是全球资产避风港。如果疫情真的导致全球经济衰退甚至爆发危机，A股也很难独善其身。\n　　科技股仍有长期投资价值\n　　界面新闻记者：3月10日的A股市场上，各类科技股反弹凶猛，但3月11日科技股又显露疲态，您如何看待科技板块的前景？\n　　潘向东：国内疫情逐渐得到控制，中国可能实施进一步的货币政策、财政政策、产业政策，从政策发力的方向来看，不太可能像2008年一样采用刺激政府投资和房地产的方式。经历了这么多年地产发展、地方举债搞基建的模式之后，风险在不断地积累，边际效用也已经衰减。现实的约束和经验的结果，使得政策的方向不得不更倾向于中长期的发展，更会强调经济转型升级和高质量的发展。\n　　从这次疫情来看，我国的城市公共基础设施仍然不足，例如，医疗资源，政策发力的方向可能会考虑这些。另外对于之前“十四五”规划就准备大力投资的领域，例如5G、人工智能等领域，也可能会考虑加快进程，科技股具有长期投资价值。\n　　界面新闻记者：您认为接下来一段时间，国内哪些资产值得配置？如果具体到A股，哪些板块的个股更值得持有？\n　　潘向东：海外疫情全面蔓延，而中国经过努力，国内疫情逐渐得到控制，企业也在有序地复工复产。和发达国家相比，中国的货币财政产业政策空间都比较大，中国可能实施进一步的货币政策、财政政策、产业政策，使中国可能相对好于海外经济体，包括A股在内的国内资本市场表现也好于海外市场。疫情对产业发展既是挑战也是机遇。一些传统行业受冲击较大，而智能制造、无人配送、在线消费、医疗健康等新兴产业展现出强大成长潜力，成长板块具有中长期投资机会。\n　　中国经济全年增速承压，一季度或现负增长\n　　界面新闻记者：包括美国在内，全球市场都受到了新冠肺炎疫情的影响。您认为此次疫情会改变全球或中国年内的经济形势吗？\n　　潘向东：疫情在全球全面蔓延，商务活动受限，加上资产价格大幅波动，可能和实体经济之间形成负反馈，全球经济面临较大挑战。对于中国来说，可能要接受需要接受今年更低一些的增速，短期更高一些的物价水平。\n　　一季度的GDP，1月算正常有增长，2月是“休克”，3月份即便按照市场的想法，达到95%以上都复工，但线下商业、线下娱乐、旅游业、餐饮业、航空铁路等，由于大家还心有余悸，预计还是会大幅受到影响。进出口毫无疑问仍然处于冲击之中，即便企业复工生产，买家方面也无法一时都恢复。更何况中国的很多加工业属于东亚产业链的，日韩受到疫情冲击，中间环节也会受到影响。所以3月份的经济很难去说会有增长。从这个角度来看，一季度经济应该是负增长，只是看下降到什么程度。\n　　既然一季度是这样，那么全年的经济增长要靠剩下的三个季度来完成，一季度的GDP占全年的权重是23%左右，即便未来三个季度保持6%、7%、8%的增速，乐观预计全年累计下来也就5%左右的增速。况且现在的经济环境，也不太支持通过刺激计划让GDP增速回到7%以上的水平。而且从目前疫情的影响来看，海外商务活动受限，国内的消费活动影响也不是一个季度可以修复，即便2季度国家推出强力刺激计划，投资也存在时滞，所以2季度经济活动能否恢复到去年四季度的水平，还充满了不确定。\n　　这与2008年的金融危机完全不一样，当时只是金融危机导致财富缩水，预期发生改变，导致随后的经济活动可能出现收缩，随着流动性紧张局面的改变，大家的预期随之改变。这次是因为疫情，大家的经济活动不得不收缩，只有疫情完全解除，大家才会慢慢恢复经济活动。\n　　此外，由于交通运输之前没有完全恢复，也由于企业复工的进程不一样，出现了一些原材料和生活用品价格上涨，所以一季度的CPI增速预计也不好看，大概率会到6%左右。但这只是短期的，随着3月中旬生产企业的全部复工和湖北以外地区疫情警报的解除，供给还是过剩的，价格增速也会随之回落。\n责任编辑：王帅","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"SDS":0.6,"DOG":0.6,".IXIC":0.9,"SPXU":0.6,"SQQQ":0.6,"SH":0.6,"IVV":0.6,"SPY":0.9,"QLD":0.6,"PSQ":0.6,"DDM":0.6,"DXD":0.6,"TQQQ":0.6,"SSO":0.6,".DJI":0.9,"QQQ":0.6,"QID":0.6,"SDOW":0.6,"UDOW":0.6}},"isVote":1,"tweetType":1,"viewCount":1029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}