djsjs
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you need a stronger economy tie with mainland.
China Economy Forum
- Thread starter EagleEyes
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terranMarine
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It helps if more Taiwanese brothers get closer to Mainland for tourism and business. Having good ties with each other can increase growth. If more pro China people are running the Taiwanese government that would help a lot too. Stubborn politicians with anti ccp mentality will only hurt Taiwanese interests.
sweetgrape
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China researches on direct writing of electronic devices on graphene oxide
China researches on direct writing of electronic devices on graphene oxide | China's Great Science and Technology
2012-12-17 Hefei National Laboratory for Physical Sciences at the Microscale, University of Science and Technology of China, has made technological breakthrough on future electronics. Chinese scientists has developed new methods on direct writing of electronic devices on graphene oxide by catalytic scanning probe lithography.
Reduction of graphene oxide at the nanoscale is an attractive approach to graphene-based electronics. Here we use a platinum-coated atomic force microscope tip to locally catalyse the reduction of insulating graphene oxide in the presence of hydrogen. Nanoribbons with widths ranging from 20 to 80 nm and conductivities of >104 S m−1 are successfully generated, and a field effect transistor is produced. The method involves mild operating conditions, and uses arbitrary substrates, atmospheric pressure and low temperatures (≤115 °C).
Graphene, owing to its exceptionally high carrier mobility, has been envisioned as one of the best candidates for future electronics. The possibility of direct writing on graphene to construct electronic circuits by scanning probe lithography (SPL) is particularly exciting and has been extensively examined by different approaches with the focus of creating well-defined insulated separators on highly conductive graphene. In this context, a chemically more realistic approach is to create conducting nanoribbons on insulated graphene oxides (GO) through the reduction reaction. GO has been used as the seed for cost-effective mass production of graphene in recent years. The conductivity of a fully oxidized GO is extremely small, but it can be significantly increased by chemical reduction. Such a contrast offers the opportunity to utilize direct writing of electronic circuits on GO if an efficient local chemical reduction process can be obtained. Recently, it is reported that the direct writing with nanoscopic resolution can be achieved through local thermal reduction of GO with a heated atomic force microscope (AFM) tip17. However, the maximal contrast can only be reached at a temperature around 1000 °C, which might be too high for practical applications. It is highly desirable to find a local reduction scheme18 that works at much more mild conditions. For this purpose, a highly efficient catalysed reaction should be introduced through the use of the catalytic SPL (cSPL) technique.
China researches on direct writing of electronic devices on graphene oxide | China's Great Science and Technology
2012-12-17 Hefei National Laboratory for Physical Sciences at the Microscale, University of Science and Technology of China, has made technological breakthrough on future electronics. Chinese scientists has developed new methods on direct writing of electronic devices on graphene oxide by catalytic scanning probe lithography.
Reduction of graphene oxide at the nanoscale is an attractive approach to graphene-based electronics. Here we use a platinum-coated atomic force microscope tip to locally catalyse the reduction of insulating graphene oxide in the presence of hydrogen. Nanoribbons with widths ranging from 20 to 80 nm and conductivities of >104 S m−1 are successfully generated, and a field effect transistor is produced. The method involves mild operating conditions, and uses arbitrary substrates, atmospheric pressure and low temperatures (≤115 °C).
Graphene, owing to its exceptionally high carrier mobility, has been envisioned as one of the best candidates for future electronics. The possibility of direct writing on graphene to construct electronic circuits by scanning probe lithography (SPL) is particularly exciting and has been extensively examined by different approaches with the focus of creating well-defined insulated separators on highly conductive graphene. In this context, a chemically more realistic approach is to create conducting nanoribbons on insulated graphene oxides (GO) through the reduction reaction. GO has been used as the seed for cost-effective mass production of graphene in recent years. The conductivity of a fully oxidized GO is extremely small, but it can be significantly increased by chemical reduction. Such a contrast offers the opportunity to utilize direct writing of electronic circuits on GO if an efficient local chemical reduction process can be obtained. Recently, it is reported that the direct writing with nanoscopic resolution can be achieved through local thermal reduction of GO with a heated atomic force microscope (AFM) tip17. However, the maximal contrast can only be reached at a temperature around 1000 °C, which might be too high for practical applications. It is highly desirable to find a local reduction scheme18 that works at much more mild conditions. For this purpose, a highly efficient catalysed reaction should be introduced through the use of the catalytic SPL (cSPL) technique.
Chinese-Dragon
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You should think about becoming a Special Administrative Region like we are.
We were just named the number 1 financial center in the world:
http://www.defence.pk/forums/world-...-takes-world-top-spot-financial-rankings.html
cirr
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Railway Reaches China's Easternmost County
2012-12-19 09:15:07 Xinhua
Web Editor: Liu Kun
A new passenger rail line connected China's easternmost county of Fuyuan to inland areas Tuesday, and it is expected to boost the economy and tourism in the China-Russia border town.
A three-month passenger service trial was launched after a 169.4 km-long stretch of track was extended to the county from Qianjin Township, Heilongjiang Province, which has been linked by railway with Harbin, capital city of Heilongjiang.
Over the next three months, two passenger trains will run between Fuyuan and Harbin daily. Each trip takes about 17 hours.
The passenger service is expected to increase the number of passengers to the border town to 1 million annually, said Bo Xiru, director of the Heilongjiang provincial tourism bureau.
The railway, the eastern end of which terminates just 12 km from the Russian border, will help to increase visitors and boost tourism in Fuyuan and the border island of Heixiazi (Bolshoy Ussuriysky), said Song Kui, a researcher at the Heilongjiang provincial academy of social sciences.
The tranquil border town is the first place to see the sun rise in China, and it also boasts a well-protected wetland and scenic spots at the confluence of the Heilongjiang (Amur) and Ussuri rivers.
Locals refer to Heixiazi Island, located at the intersection of the Heilongjiang (Amur) and Ussuri rivers, as the "Fuyuan Delta."
China and Russia ended a century-long dispute over the region and held a border redrawing ceremony on October 14, 2008, declaring that each side owned half of the 335 square km island.
In November 2010, the two countries agreed to cooperate to develop the island into an eco-tourism zone. In July 2011, China opened its half of Heixiazi Island to tourists.
Railway Reaches China's Easternmost County
2012-12-19 09:15:07 Xinhua
Web Editor: Liu Kun
A new passenger rail line connected China's easternmost county of Fuyuan to inland areas Tuesday, and it is expected to boost the economy and tourism in the China-Russia border town.
A three-month passenger service trial was launched after a 169.4 km-long stretch of track was extended to the county from Qianjin Township, Heilongjiang Province, which has been linked by railway with Harbin, capital city of Heilongjiang.
Over the next three months, two passenger trains will run between Fuyuan and Harbin daily. Each trip takes about 17 hours.
The passenger service is expected to increase the number of passengers to the border town to 1 million annually, said Bo Xiru, director of the Heilongjiang provincial tourism bureau.
The railway, the eastern end of which terminates just 12 km from the Russian border, will help to increase visitors and boost tourism in Fuyuan and the border island of Heixiazi (Bolshoy Ussuriysky), said Song Kui, a researcher at the Heilongjiang provincial academy of social sciences.
The tranquil border town is the first place to see the sun rise in China, and it also boasts a well-protected wetland and scenic spots at the confluence of the Heilongjiang (Amur) and Ussuri rivers.
Locals refer to Heixiazi Island, located at the intersection of the Heilongjiang (Amur) and Ussuri rivers, as the "Fuyuan Delta."
China and Russia ended a century-long dispute over the region and held a border redrawing ceremony on October 14, 2008, declaring that each side owned half of the 335 square km island.
In November 2010, the two countries agreed to cooperate to develop the island into an eco-tourism zone. In July 2011, China opened its half of Heixiazi Island to tourists.
Railway Reaches China's Easternmost County
cirr
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China the frontrunner to buy Exxon out of Iraq oil
By Charlie Zhu and Peg Mackey
BEIJING/LONDON | Thu Dec 20, 2012 12:14pm EST
BEIJING/LONDON (Reuters) - China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after the U.S.-led invasion.
U.S. oil major Exxon (XOM.N) is giving up its stake in the giant southern oilfield after clashing with the central government in Baghdad over exploration contracts it had signed with the autonomous Kurdistan region in the north.
Iraqi and Chinese sources said CNPC unit Petrochina (0857.HK) (601857.SS) is negotiating for Exxon's 60 percent in the $50 billion West Qurna-1 project and that there are rival bidders. Royal Dutch Shell is a minority partner.
"CNPC has shown interest; they are there. And from our side, there is no problem with them taking on a bigger position. We are not sensitive about this," a senior Iraqi official said.
"These are service contracts, not production-sharing contracts (which give companies an ownership stake), so it doesn't matter if they have 10 fields or one."
For energy-hungry China, a major buyer of Iraqi crude, access to reserves is a strategic imperative, and Beijing is prepared to accept tougher terms and lower profits than Western oil majors and even Russian firms such as Lukoil (LKOH.MM), which have to answer to shareholders.
Iraq has the world's fourth-largest oil reserves and wants to at least double its production in the next few years and ultimately challenge Russia and Saudi Arabia as the world's biggest oil nation.
China's stealthy advance in Iraq, supported by piles of cash, has already given it a formidable position in prized southern oilfields, and through Chinese oil company Sinopec (0386.HK), its reach has extended into the northern Kurdish region.
By taking on West Qurna-1, Chinese companies would come to dominate Iraq's oilfields with roughly 32 percent of the reserves found in service contracts awarded to foreign companies, up from 21 percent now.
"PetroChina is in talks to buy the stake from ExxonMobil. There are rival bidders," a source familiar with the Chinese company said. "A decision is expected from ExxonMobil soon."
Iraq has already signaled it would favor bids by CNPC and Lukoil if they decided to buy Exxon's stake and that it had received "positive signals" from both companies they would consider making an offer.
But Russia's Lukoil (LKOH.MM) has made no commitment so far. Russia's second-largest crude producer is already developing West Qurna-2.
More at：China the frontrunner to buy Exxon out of Iraq oil | Reuters
By Charlie Zhu and Peg Mackey
BEIJING/LONDON | Thu Dec 20, 2012 12:14pm EST
BEIJING/LONDON (Reuters) - China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after the U.S.-led invasion.
U.S. oil major Exxon (XOM.N) is giving up its stake in the giant southern oilfield after clashing with the central government in Baghdad over exploration contracts it had signed with the autonomous Kurdistan region in the north.
Iraqi and Chinese sources said CNPC unit Petrochina (0857.HK) (601857.SS) is negotiating for Exxon's 60 percent in the $50 billion West Qurna-1 project and that there are rival bidders. Royal Dutch Shell is a minority partner.
"CNPC has shown interest; they are there. And from our side, there is no problem with them taking on a bigger position. We are not sensitive about this," a senior Iraqi official said.
"These are service contracts, not production-sharing contracts (which give companies an ownership stake), so it doesn't matter if they have 10 fields or one."
For energy-hungry China, a major buyer of Iraqi crude, access to reserves is a strategic imperative, and Beijing is prepared to accept tougher terms and lower profits than Western oil majors and even Russian firms such as Lukoil (LKOH.MM), which have to answer to shareholders.
Iraq has the world's fourth-largest oil reserves and wants to at least double its production in the next few years and ultimately challenge Russia and Saudi Arabia as the world's biggest oil nation.
China's stealthy advance in Iraq, supported by piles of cash, has already given it a formidable position in prized southern oilfields, and through Chinese oil company Sinopec (0386.HK), its reach has extended into the northern Kurdish region.
By taking on West Qurna-1, Chinese companies would come to dominate Iraq's oilfields with roughly 32 percent of the reserves found in service contracts awarded to foreign companies, up from 21 percent now.
"PetroChina is in talks to buy the stake from ExxonMobil. There are rival bidders," a source familiar with the Chinese company said. "A decision is expected from ExxonMobil soon."
Iraq has already signaled it would favor bids by CNPC and Lukoil if they decided to buy Exxon's stake and that it had received "positive signals" from both companies they would consider making an offer.
But Russia's Lukoil (LKOH.MM) has made no commitment so far. Russia's second-largest crude producer is already developing West Qurna-2.
More at：China the frontrunner to buy Exxon out of Iraq oil | Reuters
sweetgrape
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Have known the news from internal website, but English source is a little later or none.
China makes its own 22-nm transistor
China makes its own 22-nm transistor
LONDON The Institute of Microelectronics of the Chinese Academy of Sciences (IMECAS) in Beijing China has announced it has made a high-K metal-gate MOSFET with a gate length of 22 nanometers, according to Xinhua, the Chinese government news agency.
The home-designed and built device shows "world-class performance and low power dissipation," IMECAS was quoted as saying. However, no further details were provided.
The introduction of China-developed 22-nm IC technology would save China money in importing foreign chips or process technology and boost China-made IC's competitiveness, Xinhua quoted IMECAS as saying.
Leading-edge 22/20-nm process technology is just starting to be introduced in the commercial sector and is valued for its ability to reduced power consumption of smartphones and tablet computers, thereby providing longer battery life.
The construction of a 22-nm transistor as an academic and prototype exercise puts China's internally-developed technology at two to four years behind the west. Intel has a commercial 22-nm FinFET process that is in production and foundry Taiwan Semiconductor Manufacturing Co. Ltd. (Hsinchu, Taiwan) is expected to ramp 20-nm bulk planar CMOS process in 2013.
For many years China was denied access to leading-edge electronic manufacturing technology from external sources under CoCom export regulations and the follow-on Wassennaar Arrangement. However, in recent years China has gradually been catching up through a combination of licensing of external processes and self-education. China's indigenous foundry chip maker Semiconductor Manufacturing International Corp. (Shanghai, China) is able to offer a commercial 40-nm CMOS manufacturing process.
China began work on leading-edge transistor fabrication as one of its major national scientific projects in 2009, according to Xinhua.
Below is Chinese source:
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cirr
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Train companies' exports gain steam
Updated: 2012-12-25 07:51
By Bao Chang ( China Daily)
A worker assembles the chassis of a locomotive that will be exported to Tunisia in CSR Nanjing Puzhen Co Ltd, a subsidiary of China South Locomotive and Rolling Stock Co Ltd, in Nanjing in May. CSR has been exploring overseas markets at a fast pace in recent years. Ye Chao / Xinhua
Chinese train manufacturers are seeing their exports increase quickly this year as the reputation of domestic innovations becomes stronger around the world.
China South Locomotive and Rolling Stock Co Ltd, one of the country's two leading train manufacturers, announced earlier this month it had signed an agreement with Pakistan's Ministry of Railways to sell 640 million yuan ($102.7 million) worth of locomotives to the country.
That came a week after the State-owned enterprise won a bid to provide $400 million worth of electric locomotives to South African Transnet SOC Ltd, a large rail, port and pipeline company in that country.
That deal marked the first time Chinese electric trains have been introduced into the African market, and was the biggest order for equipment of this sort that a Chinese train maker has ever received from overseas.
"Considering this new opportunity in the African market, CSR will push forward its rail transportation equipment business and broaden its cooperation with local companies in Africa," said Xu Zongxiang, general manager at CSR Zhuzhou Electric Locomotive Co Ltd.
CSR said that apart from product exports, the first batch of which will be delivered by the end of 2013, it will also provide technology used in the manufacture of electric locomotives to South Africa.
The promotion of technology in China's train-manufacturing industry has received a large amount of recognition in the international market.
China North Locomotive and Rolling Stock Corp, the country's second-largest train maker, received four patents from the United States Patent and Trademark Office earlier this month.
"This breakthrough patent grant in the US shows that CNR's technological innovation has reached a new high," said Xie Buming, general manager at CNR Institute.
"Technological innovation is the main way for the advanced Chinese rail transportation equipment industry to become more internationalized," Xie said.
By the end of November, CNR had applied for 90 patents abroad, the most among Chinese suppliers of rail equipment.
In November, CNR's Dalian Locomotive and Rolling Stock Co Ltd signed an agreement with Hong Kong Mass Transit Railway Corp to sell it 23 diesel locomotives.
CNR said its entry into the Hong Kong market will help it move further into the international premium market and gain recognition from customers around the world.
CNR and CSR have been exploring overseas markets at a fast pace in recent years.
In the first half of the year, CNR's revenues surged by 108 percent from a year earlier to 4.48 billion yuan in the international market, an amount that made up 10 percent of the enterprise's total income, according to a CNR financial statement.
In the first six months of 2012, CSR's overseas business revenues increased by 95 percent year-on-year to 4.8 billion yuan. Foreign business is the source of about 11 percent of the company's total business, data from the company show.
From the start of the year to December, the value of CSR's overseas orders had reached nearly $1.7 billion. CSR has also won bids to undertake railway projects in Malaysia, Turkey and Singapore in the first half of the year.
Domestic market
Industry insiders say both of the train makers are likely to increase their production capacity in the coming years, not only to meet demand from foreign countries but also from the domestic market.
CNR recently announced it had entered into five contracts in the Chinese market that have a total value of 6.8 billion yuan.
As for CSR, five of the six new orders it recently signed came from domestic customers. Those have a value of 4.39 billion yuan.
Attempting to meet its annual investment goals, the Ministry of Railways has been putting more money into fixed railway assets in the past two months.
China's investments in fixed railway assets have included the purchase of transportation equipment. No more than 700 billion yuan will go into railway construction in 2013, slightly more than was used for that purpose this year, Chinese media have reported.
According to the Ministry of Railways, the value of investments into fixed railway assets this year is 630 billion yuan, of which about 516 billion yuan went to the construction of railway infrastructure.
baochang@chinadaily.com.cn
Train companies' exports gain steam |Business |chinadaily.com.cn
Updated: 2012-12-25 07:51
By Bao Chang ( China Daily)
A worker assembles the chassis of a locomotive that will be exported to Tunisia in CSR Nanjing Puzhen Co Ltd, a subsidiary of China South Locomotive and Rolling Stock Co Ltd, in Nanjing in May. CSR has been exploring overseas markets at a fast pace in recent years. Ye Chao / Xinhua
Chinese train manufacturers are seeing their exports increase quickly this year as the reputation of domestic innovations becomes stronger around the world.
China South Locomotive and Rolling Stock Co Ltd, one of the country's two leading train manufacturers, announced earlier this month it had signed an agreement with Pakistan's Ministry of Railways to sell 640 million yuan ($102.7 million) worth of locomotives to the country.
That came a week after the State-owned enterprise won a bid to provide $400 million worth of electric locomotives to South African Transnet SOC Ltd, a large rail, port and pipeline company in that country.
That deal marked the first time Chinese electric trains have been introduced into the African market, and was the biggest order for equipment of this sort that a Chinese train maker has ever received from overseas.
"Considering this new opportunity in the African market, CSR will push forward its rail transportation equipment business and broaden its cooperation with local companies in Africa," said Xu Zongxiang, general manager at CSR Zhuzhou Electric Locomotive Co Ltd.
CSR said that apart from product exports, the first batch of which will be delivered by the end of 2013, it will also provide technology used in the manufacture of electric locomotives to South Africa.
The promotion of technology in China's train-manufacturing industry has received a large amount of recognition in the international market.
China North Locomotive and Rolling Stock Corp, the country's second-largest train maker, received four patents from the United States Patent and Trademark Office earlier this month.
"This breakthrough patent grant in the US shows that CNR's technological innovation has reached a new high," said Xie Buming, general manager at CNR Institute.
"Technological innovation is the main way for the advanced Chinese rail transportation equipment industry to become more internationalized," Xie said.
By the end of November, CNR had applied for 90 patents abroad, the most among Chinese suppliers of rail equipment.
In November, CNR's Dalian Locomotive and Rolling Stock Co Ltd signed an agreement with Hong Kong Mass Transit Railway Corp to sell it 23 diesel locomotives.
CNR said its entry into the Hong Kong market will help it move further into the international premium market and gain recognition from customers around the world.
CNR and CSR have been exploring overseas markets at a fast pace in recent years.
In the first half of the year, CNR's revenues surged by 108 percent from a year earlier to 4.48 billion yuan in the international market, an amount that made up 10 percent of the enterprise's total income, according to a CNR financial statement.
In the first six months of 2012, CSR's overseas business revenues increased by 95 percent year-on-year to 4.8 billion yuan. Foreign business is the source of about 11 percent of the company's total business, data from the company show.
From the start of the year to December, the value of CSR's overseas orders had reached nearly $1.7 billion. CSR has also won bids to undertake railway projects in Malaysia, Turkey and Singapore in the first half of the year.
Domestic market
Industry insiders say both of the train makers are likely to increase their production capacity in the coming years, not only to meet demand from foreign countries but also from the domestic market.
CNR recently announced it had entered into five contracts in the Chinese market that have a total value of 6.8 billion yuan.
As for CSR, five of the six new orders it recently signed came from domestic customers. Those have a value of 4.39 billion yuan.
Attempting to meet its annual investment goals, the Ministry of Railways has been putting more money into fixed railway assets in the past two months.
China's investments in fixed railway assets have included the purchase of transportation equipment. No more than 700 billion yuan will go into railway construction in 2013, slightly more than was used for that purpose this year, Chinese media have reported.
According to the Ministry of Railways, the value of investments into fixed railway assets this year is 630 billion yuan, of which about 516 billion yuan went to the construction of railway infrastructure.
baochang@chinadaily.com.cn
Train companies' exports gain steam |Business |chinadaily.com.cn
Devil Soul
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World's Longest Fast Train Line Opens In China
BEIJING (AP) China has opened the world's longest high-speed rail line, which runs 2,298 kilometers (1,428 miles) from the country's capital in the north to Guangzhou, an economic hub in the Pearl River delta in southern China.
The line officially opened Wednesday when a train departed from Beijing at 9 a.m. for Guangzhou. Another train left Guangzhou for Beijing an hour later.
Trains on this high-speed line will initially run at 300 kph (186 mph) with a total travel time of about eight hours. Before, the fastest time between the two cities by train was more than 20 hours.
Railway is an essential part in China's transportation system, and its government plans to build a grid of high-speed railways with four east-west lines and four north-south lines by 2020.
BEIJING (AP) China has opened the world's longest high-speed rail line, which runs 2,298 kilometers (1,428 miles) from the country's capital in the north to Guangzhou, an economic hub in the Pearl River delta in southern China.
The line officially opened Wednesday when a train departed from Beijing at 9 a.m. for Guangzhou. Another train left Guangzhou for Beijing an hour later.
Trains on this high-speed line will initially run at 300 kph (186 mph) with a total travel time of about eight hours. Before, the fastest time between the two cities by train was more than 20 hours.
Railway is an essential part in China's transportation system, and its government plans to build a grid of high-speed railways with four east-west lines and four north-south lines by 2020.
ahfatzia
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China consumers driving economic rebound: survey
A woman checking handbags with her husband and daughter in a Gucci luxury boutique Shanghai IFC Mall
(Reuters) - China's consumers are leading an uneven recovery in the world's second biggest economy that has retailers expecting stronger sales in six months, early results of a national survey showed on Wednesday.
The China Beige Book survey of more than 2,000 executives revealed that the retail sector had the strongest revenue growth and business expectations in the fourth quarter of 2012.
The survey broadly detected a mild economic recovery with the hard-hit sectors of real estate, mining and manufacturing - to a lesser extent - joining retail at the head of the upswing.
"The revenue growth pickup was notable in luxuries and durable goods - furniture, appliances, and autos," said the survey, conducted between October 26 and December 2 by New York-based CBB International and based on the U.S. Federal Reserve's economic report of the same name.
"Retailers' mood remains quite hopeful, with 72 percent forecasting higher sales in six months, up 4 points on last quarter. A remarkably low 6 percent foresee declines," it said, adding that 61 percent of retailers reported higher sales in the Q4 survey than in Q3.
The biggest bounces were seen in coastal Guangdong province, Beijing, the northeast and central regions of China - locations which Q3's survey found had the biggest spending falls.
The retail rebound was not evenly distributed, however, with Shanghai and the southwest region recording falls in spending.
The survey's findings are reflected in the most recent raft of economic indicators from China, revealing a mild rebound taking hold in Q4, and in policymaker comments.
China's retail sales grew 14.9 percent year-on-year in November, ahead of the 14.6 percent forecast in a Reuters poll.
China is on course to end 2012 with the slowest full year of growth since 1999 and while the 7.7 percent rate forecast in a benchmark Reuters poll is way above the world's other major economies, it is far below the roughly 10 percent annual growth seen for most of the last 30 years.
Weakness in the external environment remains a key drag on an economy in which exports generated 31 percent of gross domestic product in 2011, according to World Bank data, and where an estimated 200 million jobs are supported by foreign investment, or in factories producing for overseas markets.
RECOVERING, REBALANCING
The upside to the patchiness of the recovery is that it is being driven by services, which are calibrated more towards domestic demand. Geographic rebalancing away from prosperous coastal areas was also evident in the survey, with firms in the western region recording the highest revenue growth in Q4.
The survey had mixed findings for labor markets, with a 3 point rise to 34 percent in the proportion of firms citing an increased availability of unskilled labor, while 20 percent said shortages had increased.
Some 34 percent of firms increased their workforces in Q4 from Q3. Wage rises were reported by 52 percent of respondents.
Bankers questioned in the survey said credit conditions eased in Q4, but fewer firms borrowed. Meanwhile, banks and firms said loan rejections rose slightly, to 16 percent, and exposure to companies with excess production capacity was cut.
"Few corporate loans went to new customers: three-fifths of bankers say under 20 percent did an astonishingly small number," the survey said.
"Most were debt rollovers or loan increases for existing clients. This is not yet a period of strong expansion."
The China Beige Book survey of face-to-face and telephone interviews compares conditions with the previous quarter and asks respondents to anticipate conditions three and six months ahead.
The survey sample includes executives from manufacturing, retail, service, transport, real estate and construction, farming, and mining. Respondents ran businesses of every size from the micro-level - employing up to 19 staff - to large firms with more than 500 employees. It also canvassed opinions from 160 bank loan officers and branch managers.
A detailed report of the survey's full findings will be published in early January.
China consumers driving economic rebound: survey | Reuters
A woman checking handbags with her husband and daughter in a Gucci luxury boutique Shanghai IFC Mall
(Reuters) - China's consumers are leading an uneven recovery in the world's second biggest economy that has retailers expecting stronger sales in six months, early results of a national survey showed on Wednesday.
The China Beige Book survey of more than 2,000 executives revealed that the retail sector had the strongest revenue growth and business expectations in the fourth quarter of 2012.
The survey broadly detected a mild economic recovery with the hard-hit sectors of real estate, mining and manufacturing - to a lesser extent - joining retail at the head of the upswing.
"The revenue growth pickup was notable in luxuries and durable goods - furniture, appliances, and autos," said the survey, conducted between October 26 and December 2 by New York-based CBB International and based on the U.S. Federal Reserve's economic report of the same name.
"Retailers' mood remains quite hopeful, with 72 percent forecasting higher sales in six months, up 4 points on last quarter. A remarkably low 6 percent foresee declines," it said, adding that 61 percent of retailers reported higher sales in the Q4 survey than in Q3.
The biggest bounces were seen in coastal Guangdong province, Beijing, the northeast and central regions of China - locations which Q3's survey found had the biggest spending falls.
The retail rebound was not evenly distributed, however, with Shanghai and the southwest region recording falls in spending.
The survey's findings are reflected in the most recent raft of economic indicators from China, revealing a mild rebound taking hold in Q4, and in policymaker comments.
China's retail sales grew 14.9 percent year-on-year in November, ahead of the 14.6 percent forecast in a Reuters poll.
China is on course to end 2012 with the slowest full year of growth since 1999 and while the 7.7 percent rate forecast in a benchmark Reuters poll is way above the world's other major economies, it is far below the roughly 10 percent annual growth seen for most of the last 30 years.
Weakness in the external environment remains a key drag on an economy in which exports generated 31 percent of gross domestic product in 2011, according to World Bank data, and where an estimated 200 million jobs are supported by foreign investment, or in factories producing for overseas markets.
RECOVERING, REBALANCING
The upside to the patchiness of the recovery is that it is being driven by services, which are calibrated more towards domestic demand. Geographic rebalancing away from prosperous coastal areas was also evident in the survey, with firms in the western region recording the highest revenue growth in Q4.
The survey had mixed findings for labor markets, with a 3 point rise to 34 percent in the proportion of firms citing an increased availability of unskilled labor, while 20 percent said shortages had increased.
Some 34 percent of firms increased their workforces in Q4 from Q3. Wage rises were reported by 52 percent of respondents.
Bankers questioned in the survey said credit conditions eased in Q4, but fewer firms borrowed. Meanwhile, banks and firms said loan rejections rose slightly, to 16 percent, and exposure to companies with excess production capacity was cut.
"Few corporate loans went to new customers: three-fifths of bankers say under 20 percent did an astonishingly small number," the survey said.
"Most were debt rollovers or loan increases for existing clients. This is not yet a period of strong expansion."
The China Beige Book survey of face-to-face and telephone interviews compares conditions with the previous quarter and asks respondents to anticipate conditions three and six months ahead.
The survey sample includes executives from manufacturing, retail, service, transport, real estate and construction, farming, and mining. Respondents ran businesses of every size from the micro-level - employing up to 19 staff - to large firms with more than 500 employees. It also canvassed opinions from 160 bank loan officers and branch managers.
A detailed report of the survey's full findings will be published in early January.
China consumers driving economic rebound: survey | Reuters
yusheng
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Beidou system starts service in Asia-Pacific
12-27-2012 14:32 BJT
VIDEO
official website of Beidou navigation: BeiDou Navigation Satellite System ? Home
The China Beidou Navigation System, also known as Compass, has started offering free civilian positioning and navigation services over the Asia-Pacific region. The announcement was made during a press conference on Thursday morning.
The Beidou satellite network will provide positioning services with an accuracy of 10 meters, or 33 feet. Speed estimates are within less than one foot per second, and time measurements within 10 nanoseconds.
The system has been used in transportation, weather forecasting, hydrological monitoring, and mapping for tests. The Beidou navigation system is developed based on a "three-step" strategy. Currently in its second phase, the system now offers regional service with 16 satellites.
BeiDou Navigation Satellite System Signal In Space Interface Control Document-Open Service Signal B1I (Version 1.0)
It is planned to offer services to global customers with 35 satellites, upon its completion in 2020.
Ran Chengqi, director of China Satellite Navigation Office, said, "The Beidou navigation system is fully capable of providing navigation, positioning, and timing services covering China and its neighbouring region. The Beidou system is compatible with the GPS program of the US, and the GLONASS system of Russia. This system can improve the accuracy and user experience for users who already get services from GPS and GLONASS. The Beidou navigation system is special since it allows short messaging communication. Users not only can know their location, but that of their friends and they can communicate with friends using short messages."
12-27-2012 14:32 BJT
VIDEO
official website of Beidou navigation: BeiDou Navigation Satellite System ? Home
The China Beidou Navigation System, also known as Compass, has started offering free civilian positioning and navigation services over the Asia-Pacific region. The announcement was made during a press conference on Thursday morning.
The Beidou satellite network will provide positioning services with an accuracy of 10 meters, or 33 feet. Speed estimates are within less than one foot per second, and time measurements within 10 nanoseconds.
The system has been used in transportation, weather forecasting, hydrological monitoring, and mapping for tests. The Beidou navigation system is developed based on a "three-step" strategy. Currently in its second phase, the system now offers regional service with 16 satellites.
BeiDou Navigation Satellite System Signal In Space Interface Control Document-Open Service Signal B1I (Version 1.0)
It is planned to offer services to global customers with 35 satellites, upon its completion in 2020.
Ran Chengqi, director of China Satellite Navigation Office, said, "The Beidou navigation system is fully capable of providing navigation, positioning, and timing services covering China and its neighbouring region. The Beidou system is compatible with the GPS program of the US, and the GLONASS system of Russia. This system can improve the accuracy and user experience for users who already get services from GPS and GLONASS. The Beidou navigation system is special since it allows short messaging communication. Users not only can know their location, but that of their friends and they can communicate with friends using short messages."
beijingwalker
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Chinese film industry rakes up $2.3 bn in 10 months
PTI : Beijing, Tue Dec 18 2012, 19:49 hrs
PTI : Beijing, Tue Dec 18 2012, 19:49 hrs
assassination_of_engineer
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Why are we allowing Hollywood propaganda to enter China and hurt our domestic film industry?
Useless CPC. Traitors. F**k the WTO. Domestic companies must be protected from foreign invasions. Xi Jinping is a western puppet.
Useless CPC. Traitors. F**k the WTO. Domestic companies must be protected from foreign invasions. Xi Jinping is a western puppet.
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Sony says China business has recovered, foresees growth
Sony says China business has recovered, foresees growth | Reuters
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China tightens Internet controls, legalizes post deletion
good times ahead eh, Chinese friends!
Sony says China business has recovered, foresees growth | Reuters
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China tightens Internet controls, legalizes post deletion
good times ahead eh, Chinese friends!
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