China Economy Forum

[cirr]

Chinese investment fund takes stake in London Heathrow

2.11.2012

China Investment Corporation has bought a ten per cent stake in the firm that owns London Heathrow airport.

The Chinese sovereign wealth fund bought the stake in Heathrow Airport Holdings, which also operated other UK airports including Stansted, Southampton, Glasgow and Aberdeen.

CIC was set up in 2007 to invest some of foreign exchange reserves from China.

Earlier this year CIC bought a 8.68 per cent stake in the firm behind UK utility group Thames Water.

The latest airports deal will see the fund pay £450 million for a 10 per cent stake in Heathrow Airport Holdings.

Until last month, the firm was known as BAA.

Under the terms of the agreement it will buy a 5.7 per cent stake in FGP Topco from Spanish firm Ferrovial for £257.4 million.

FGP Topco is the holding company which owns Heathrow Airport Holdings.

CIC will get the remaining 4.3 per cent stake from other shareholders of FGP Topco Ltd at a cost of £192.6 million.

 

[yusheng]

1st Ld-Writethru: China develops new rocket engine

Updated: 2012-06-14 20:26:00 (Xinhua)

BEIJING, June 14 (Xinhua) -- China announced Thursday that it has developed a new engine for its new generation of carrier rockets, making it the second in the world to harness such engine technologies.

The 120-tonne liquid oxygen/kerosene high-pressure staged combustion cycle engine will provide an effective guarantee for the country's manned space and lunar probe missions, said the State Administration of Science,Technology and Industry for National Defence.

The high-performance engine is non-toxic, pollution-free and reliable.

It boasts 120 tonnes of thrust, making it much more powerful than the 75-tonne-thrust engines of launch vehicles for the already-launched Shenzhou spacecraft, but still far from the 670 tonnes of thrust the United States' F-1 engine boasts, and farther still from 740 tonnes of thrust of Russia's RD-170 engine.

It is the first kind of high-pressure staged combustion cycle engine for which China has proprietary intellectual property rights, said the administration.

It also makes China the second country in the world, after Russia, to grasp the core technologies for a liquid oxygen/kerosene high-pressure staged combustion cycle rocket engine.

The research project for the engine was initiated in September 2000.

It was coordinated and organized by the State Administration of Science,Technology and Industry for National Defence, and conducted by the Academy of Aerospace Propulsion Technology of China Aerospace Science & Technology Corporation.

Researchers made more than 70 technical breakthroughs in designing, manufacturing and testing, and obtained nearly 20 national defense scientific and technical achievements along with patent licenses. They also worked on nearly 50 kinds of new material.

According to a government white paper issued at the end of last year, China will develop next-generation launch vehicles, including the Long March-5, Long March-6 and Long March-7, in the 2011-2015 period.

The Long March-5 will use a non-toxic and pollution-free propellant, and will be capable of placing a 25-tonne payload into near-Earth orbit, or placing a 14-tonne payload into geostationary orbit.

The announcement of the new rocket engine came just days before China will launch the Shenzhou-9 spacecraft, which will perform a manual space docking with the orbiting Tiangong-1 lab module.

The Shenzhou-9 spacecraft will be launched by the Long March-2F carrier rocket.

This year marks the 20th anniversary of the creation of China's manned space program. The launch of the Shenzhou-9 spacecraft marks the program's 10th launch and the country's fourth manned spaceflight.

 

[shuttler]

1st Ld-Writethru: China develops new rocket engine

Updated: 2012-06-14 20:26:00 (Xinhua)

This year marks the 20th anniversary of the creation of China's manned space program. The launch of the Shenzhou-9 spacecraft marks the program's 10th launch and the country's fourth manned spaceflight.

Great new pix.

You can also find a lot of these in the sticky thread here:

Forum > Country watch > Chinese Defense > Chinese-space-capabilities

 

[shuttler]

1 Nov, 2012, 08.10PM IST

China's largest unmanned helicopter becomes operational

BEIJING: China's largest unmanned helicopter has become operational after passing all required flight tests.

The mid-sized remote controlled helicopter has passed all required flight tests and is fully operational in east Shandong province, state-run Xinhua quoted officials as saying.

"The helicopter, capable of flying as high as 3,000 meters at a top speed of 161 km per hour with a payload of 80 kg, can be controlled from a maximum distance of 150 km or programmed to fly automatically," according to Cheng Shenzong, board chairman of Weifang Tianxiang Aerospace Industry Co Ltd, a company that helped develop the aircraft.

The helicopter can be used to conduct geological surveys, as well as aid in emergency rescue operations, aerial photography and forest fire prevention, Cheng said.

At least 15 such helicopters have been ordered for production, Cheng said.

China's largest unmanned helicopter becomes operational - The Economic Times

The maiden test flight was reported last year. The model V750 featured in the video is probably the same as the one reported in the news above.

 

[cirr]

China's non-manufacturing sector growth rises

Last Updated: Saturday, November 03, 2012, 13:23

Beijing: The Purchasing Managers Index (PMI) of China's non-manufacturing sector was 55.5 percent in October, up 1.8 percentage points from September, an official survey showed Saturday.

The monthly figure, a key economic indicator, was released by the China Federation of Logistics and Purchasing (CFLP), reported Xinhua.

A PMI reading above 50 percent indicates expansion from the previous month, while readings below this mark indicate contraction.

China's non-manufacturing sector growth rises

 

[Fanling Monk]

Tax revenue surges in past decade


China's tax revenues have increased steadily for nearly a decade as the country's economy boomed, according to data released by the State Administration of Taxation (SAT) on Sunday. The followings are key facts and figures about China's tax revenue during the 2003-2011 period:

-- China's tax revenue totaled more than 47 trillion yuan (US$7.46 trillion) between 2003 and 2011, with an annual growth rate of 21.6 percent. The annual tax revenues in 2003 and 2011 stood at 2.09 trillion and 9.96 trillion yuan respectively.

-- Commodity tax and service tax remained as the main sources of China's tax income, although their proportions in the gross tax revenues declined to 59.08 percent in 2011, down from 67.55 percent in 2002.

-- Meanwhile, income tax revenue accounted for 24 percent to 26 percent of the total revenue between 2009 and 2011, up from 21.97 percent in 2002.

-- During the past decade, tax revenue in China's west increased nearly seven-fold thanks to the central government's strategy of developing the area, while tax revenue in the east grew over five-fold and in middle regions nearly six-fold.

-- Tax revenues in the western region accounted for 16.2 percent of the country's total in 2011, a sharp increase from 14 percent 10 years ago, according to the SAT.

Tax revenue surges in past decade - China.org.cn

 

[shuttler]

Here is more on the unmanned chopper:

中国最大载荷无人直升机交付使用
2012年11月02日19:58来源：新华社
sohu.com
济南，2012年11月2日 中国最大载荷无人直升机交付使用 这是在山东潍坊某生产车间内的无人直升机成品（10月31日摄）。 近日，一架有效载荷可达80千克的Ｖ750无人直升机交付山东省国土部门，这是迄今为止中国企业生产的最大无人直升机。目前，这一无人机已在山东潍坊实现批量生产。 新华社记者 吕福明 摄

Maximum load unmanned helicopter delivered
November 02, 2012 7:58 PM Source: Xinhua News Agency

Jinan, November 2, 2012 the maximum load unmanned helicopter delivered use unmanned helicopters within a production plant in Weifang, Shandong finished (Oct. 31 photo).Recently, a payload up to 80 kg V750 unmanned helicopter delivered the land department of Shandong Province, which is so far the Chinese production of the largest unmanned helicopter. Currently, this UAV achieve mass production in Shandong Weifang. Xinhua News Agency reporters Lv Fu and Ming She

Google Translation

 

[Obambam]

Here is more on the unmanned chopper:

中国最大载荷无人直升机交付使用
2012年11月02日19:58来源:新华社
sohu.com
济南,2012年11月2日 中国最大载荷无人直升机交付使用 这是在山东潍坊某生产车间内的无人直升机成品(10月31日&#25668。 近日,一架有效载荷可达80千克的V750无人直升机交付山东省国土部门,这是迄今为止中国企业生产的最大无人直升机。目前,这一无人机已在山东潍坊实现批量生产。 新华社记者 吕福明 摄

Maximum load unmanned helicopter delivered
November 02, 2012 7:58 PM Source: Xinhua News Agency

Jinan, November 2, 2012 the maximum load unmanned helicopter delivered use unmanned helicopters within a production plant in Weifang, Shandong finished (Oct. 31 photo).Recently, a payload up to 80 kg V750 unmanned helicopter delivered the land department of Shandong Province, which is so far the Chinese production of the largest unmanned helicopter. Currently, this UAV achieve mass production in Shandong Weifang. Xinhua News Agency reporters Lv Fu and Ming She

Google Translation

Good development. Unmanned is the way forward

 

[Obambam]

China economy: Non-manufacturing sector growth picks up

China's services sector picked up pace in October, the latest indication that its economic growth may be rebounding.

Steady growth in non-manufacturing sectors such as construction is seen as key to China's growth

The non-manufacturing purchasing managers' index (PMI) rose to 55.5 from 53.7 in September, the statistics bureau said over the weekend.

Last week, China said its manufacturing activity had expanded for the first time in three months in October.

The figures come as China's growth pace has hit a three-year low and ahead of a once-in-a-decade leadership change.

The services sector, which includes construction, accounts for nearly 43% of China's overall economy.

A PMI figure above 50 indicates expansion, a figure below 50 indicates contraction.

Stimulus impact

China's economy expanded at an annual rate of 7.4% between July and September, its slowest pace in three years.

Its growth has been hurt by a slowdown in demand for its exports from key markets such as the US and eurozone.
Continue reading the main story
“
Start Quote

Overall, we can say that recent government stimulus steps have started to gain some traction”
Hua Zhongwei
Huachuang Securities

As those regions continue to grapple with economic problems, China has been trying to encourage domestic demand by easing its monetary policy and boosting its infrastructure spending.

China's central bank has cut interest rates twice since June to reduce the burden on businesses and other borrowers.

It has also lowered the amount of money that banks need to keep in reserve three times in the past few months, in order to boost lending.

Meanwhile, it has approved infrastructure projects worth more than $150bn (£94bn).

The moves seem to have had a positive impact as various other figures released over the past few weeks have indicated a growth in key sectors such as retail sales and industrial production.

"Overall, we can say that recent government stimulus steps have started to gain some traction," said Hua Zhongwei, senior economist at Huachuang Securities in Beijing.

"This is a positive sign which shows that increased investment is boosting demand for related services."

BBC News - China economy: Non-manufacturing sector growth picks up

 

[Obambam]

Large uranium mine found in north China

BEIJING, Nov. 4 (Xinhua) -- A large leaching sandstone-type uranium deposit has been discovered in China's northern regions, according to an announcement by the Ministry of Land and Resources on Sunday.

The mine, ranking as the country's largest leaching sandstone-type uranium depositidentified so far, was found in Daying areas in central Inner Mongolia Autonomous Region, the ministry said.

The discovery, which makes the site one of the world's top uranium mines, has great significance for boosting domestic uranium supplies and ensuring energy sourcesfor developing nuclear power, the ministry said, without elaborating on the mine's size.

The site was discovered along with a "super-size" coal mine, the reserve of whichwas estimated at 51 billion tonnes, the ministry said.

The discovery underlines the country's efforts to promote combined exploration of coal and uranium in a bid to save investment, it said.

A 500-strong team consisting of technicians and constructors from nuclear power companies and related government departments has been deployed in the 10-month exploration after the site was tested for radioactivity during drilling.

In 2008, China discovered its first 10,000-ton level leaching sandstone-type uranium deposit in the Yili basin in the northwestern Xinjiang Uygur Autonomous Region.

Large uranium mine found in north China - Xinhua | English.news.cn

 

[WS-10 Engine]

Our dependence on imports of energy (oil, natural gas, coal) and raw materials (iron ore, copper, uranium) is a MASSIVE national security threat.

In any conflict the US navy will close the straits of malacca and then we are in big big trouble.

This is why finding domestic reserves of all these resources is crucial.
Then we need to start production ASAP.

As long as we are dependent on foreign imports for resources (as well as foreign consumer markets for manufactured goods) our foreign policy options will be constrained.

We need to reduce our import dependence of these resources AND build a blue water navy to protect our sea lines of communications.

Sea lines of communication - Wikipedia, the free encyclopedia

String of Pearls (China) - Wikipedia, the free encyclopedia

 

[shuttler]

Our dependence on imports of energy (oil, natural gas, coal) and raw materials (iron ore, copper, uranium) is a MASSIVE national security threat.

In any conflict the US navy will close the straits of malacca and then we are in big big trouble.

This is why finding domestic reserves of all these resources is crucial.
Then we need to start production ASAP.

As long as we are dependent on foreign imports for resources (as well as foreign consumer markets for manufactured goods) our foreign policy options will be constrained.

We need to reduce our import dependence of these resources AND build a blue water navy to protect our sea lines of communications.

Sea lines of communication - Wikipedia, the free encyclopedia

String of Pearls (China) - Wikipedia, the free encyclopedia

China is too slow in building strategic reserves!

The japanese which doesnt have any rare earth deposit has already piled up rare-earth reserves which can last 40 years

The americans have built their own strategic oil reserves and have stopped tapping into their coastal oil and rare earth deposits for a long time.

 

[yusheng]

Our dependence on imports of energy (oil, natural gas, coal) and raw materials (iron ore, copper, uranium) is a MASSIVE national security threat.

In any conflict the US navy will close the straits of malacca and then we are in big big trouble.

This is why finding domestic reserves of all these resources is crucial.
Then we need to start production ASAP.

As long as we are dependent on foreign imports for resources (as well as foreign consumer markets for manufactured goods) our foreign policy options will be constrained.

We need to reduce our import dependence of these resources AND build a blue water navy to protect our sea lines of communications.

Dont't worry too much. if you konw how much we export everyday, you will see that cuting our importing line is equal to cuting our exporting line, which is equal cuting their importing line.

when they still want to contain their economic crises by printing more money, they dare not to do so.

cuting Chinese importing line means WW3 and that, that why China now makes warship hard day and ninght, just ready for the day to come when their crises out of control.

 

[shuttler]

Dont't worry too much. if you konw how much we export everyday, you will see that cuting our importing line is equal to cuting our exporting line, which is equal cuting their importing line.

when they still want to contain their economic crises by printing more money, they dare not to do so.

cuting Chinese importing line means WW3 and that, that why China now makes warship hard day and ninght, just ready for the day to come when their crises out of control.

that is essentially the start of a full fledged trade war which precedes a real war and we will lose a lot of jobs; so will they!

 

[shuttler]

The opening of the 14th China International Industry Fair in Shanghai yesterday (to 10 Nov):


Official website

Some photo shots in the Fair:

Metalworking and CNC Machine Tools Area

Environment Protection Technology and Equipment Area

Industrial Automation Area

Information and Communication Technology Area


and also some other areas in Scientific and Technology Innovation; Energy; New Auto Energy; Aerospace and Aviation Technology