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  1. lcloo

    China’s High-Speed Rail, the world’s longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion

    This stupid thread is just like the stupid Xinjiang Cotton Forced Labour thread (Pity those poor John deere crop harvesters, LOL!!!), they just spinned False Information and anti-China bashers just pick it up lick like ice ceam. 2.2 Billion Passenger in 2019, that is more than 6 million...
  2. lcloo

    China’s High-Speed Rail, the world’s longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion

    More financial statements of China Railway Group Ltd. These are latest from WSJ Wall Street Journal.
  3. lcloo

    China’s High-Speed Rail, the world’s longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion

    LOL! Found another audited financial statements for China Rail (2019), in English. 2019 Annual Report_HU6NFKKfHGFu.pdf (ir-cloud.com)
  4. lcloo

    China’s High-Speed Rail, the world’s longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion

    I see people are still believing the BS on China State Railway Group Company, Ltd. (CR) making billions of losses on their high speed train. Latest Financial Statement NET PROFIT for the financial period ended 30th September 2021 : RMB 332 million Public Listed share last quoted : RMB5.34 per...
  5. lcloo

    Chinese Trainer JL-9, L-15, JL-10, CJ-7 News & Discussions

    From the solid color on the engine exhaust, I would say no. This variant is L-15AW. I believe only L-15B has afterburner engine.
  6. lcloo

    China’s High-Speed Rail, the world’s longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion

    2017 Financial Year Profit before taxation RMB12.468 Billion. Net Asset RMB4,847.565 Billion. 2.2 Billion passengers in 2019.
  7. lcloo

    China’s High-Speed Rail, the world’s longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion

    It is all BS unless I see the audited financial statements, otherwise just another BS like Xinjiang cotton forced labour.
  8. lcloo

    Chengdu J-20 5th Generation Aircraft News & Discussions

    "Highly manoeuvrable" said the J20 pilot in the interview, describing the dog fight scene. Again debunked the so called long and large unmanoeuvrable shape of J20, this time by the first hand end-user.
  9. lcloo

    Chinese Trainer JL-9, L-15, JL-10, CJ-7 News & Discussions

    Two L-15 are in Dubai for air show.
  10. lcloo

    Stories about disappearance of Buddhism in India are grossly exaggerated

    True, the prince Siddhartha Gautama was born in present day Nepal, and the prince was not yet a Buddha. Siddhartha became a Buddha after attaining Anuttara Samyak sambodh (Supreme Perfect Enlightenment) in Northen India. As regard to Asoka, he became Buddhist after a violent battle. His...
  11. lcloo

    BREAKING NEWS: China's Evergrande has officially defaulted

    No headline news on this piece of news from big time anti-China BBC, CNN and Bloomberg. DO you know why???
  12. lcloo

    Chinese Air Force (PLAAF) News & Discussions

    Whatever it is, I am happy to see it without the canvas, before 2021 is over.
  13. lcloo

    Chinese Navy (PLAN) News & Discussions

    Thanks guy but I cannot take the credit, I sort of copy and paste from this person, so he should be the one you should thank.
  14. lcloo

    Chinese Navy (PLAN) News & Discussions

    According to the international law of passage, 12 nautical miles belongs to the territorial sea. The farthest distance between the Bohai Mouth island and Dalian is about 41.7 kilometers, which translates to 22.5 nautical miles (length of the yellow line in the map below) . Both sides extend 12...
  15. lcloo

    Chinese Navy (PLAN) News & Discussions

    Yes, Bohai sea is part of China. It is surrounnded by Land on 3 directions, and many small Chinese islands to the East where it is joined to the Yellow Sea. The Bohai Sea (Chinese: 渤海; lit. 'Bo Sea') is a marginal sea approximately 77,000 km2 (30,000 sq mi) in area on the east coast of...
  16. lcloo

    Chinese Flanker Family: J-11, J-16 ... Su-27SK/UBK, Su-30MKK

    Chasing high speed is so post-korea war mind, thus the appearance of "century series" fighter jets. Vietnam war proved that blindly chasing high speed was a mis-guided doctrine as they found that slower sub-sonic MIG-17 was a bigger threat than supersonic MIG-21, and the super fast F-104...
  17. lcloo

    Tesla sells over 54k vehicles in China in October, nearly 14k domestically and 40k export

    IMO it is the beginning of the new progress on China's open door policy. Unlike 20-30 years ago when China was backward technologically and need to absorb new tech through joint-venture, today Chinese companies have high level of R&D in almost every industries, therefore joint-venture is...
  18. lcloo

    Tesla sells over 54k vehicles in China in October, nearly 14k domestically and 40k export

    Why should China do that? The most likely person to pursue Elon Musk to dis-invest in China is Biden. Elon Musk is practically transfering his EV technology to China, and China is committed to open door policy not only to Tesla but all foreign companies that bring in money and technology...
  19. lcloo

    Tesla sells over 54k vehicles in China in October, nearly 14k domestically and 40k export

    Yes, they are paying reduced rate until end of 2023, therafter revert back to normal rate of 25% corporate tax. Elon Musk seem happy with his China investment, after the orignal $5 billion, he plans to pour in more money into his China business and set up new R&D centre there. Further Win-Win...
  20. lcloo

    Tesla sells over 54k vehicles in China in October, nearly 14k domestically and 40k export

    And they will pay lots of tax to Chinese government, helping rise of China in a little way, against the wishes of American politicians. 😄
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