China Economy Forum

[Beidou2020]

Patents granted is more important than patents filed.

Any info on patents granted?

 

[shuttler]

世界最大直径双层隧道成功穿越瘦西湖
The success of the world's largest diameter double-decker tunnel passing through the "Slim West Lake"
2013年12月10日 21:19:27 | 责任编辑: 陈杰 | 来源：新华网
December 10, 2013 21:19:27 | Editor: Chen Jie | Source: Xinhua

这是扬州瘦西湖隧道内景（12月9日摄）。

12月10日，世界最大直径单管双层公路隧道——扬州瘦西湖隧道顺利贯通。扬州瘦西湖隧道由中国铁建十四局集团承建，下穿素有“园林之盛，甲于天下”美誉瘦西湖风景区核心区段，全长3.6公里，设计为单管双层双向四车道。隧道主体盾构段采用14.93米的世界超大直径泥水平衡盾构机施工，要穿越长达1200多米的全断面硬塑粘土地层。
新华社发（杜振珂 摄）

This is the "Slim West Lake" tunnel interior (December 9 photo).

December 10, the world's largest single-tube double decker highway tunnel - Slim West Lake tunnel was bored through. Slim West Lake tunnel is constructed by China Railway Construction Bureau the 14th Group. Slim West Lake is well known as the "garden of Sheng, the best in the world" Slim West Lake Scenic core area of surrounding scenic areas. The tunnel is 3.6 km long and it is designed for single-tube double-deck, two-way four lanes . A 14.93 diameters, the world's largest tunnel boring machine was used for evacuation of the main section. It has to bore through more than 1200 meters hard layers of earth-fault formation.
(Du Zhenke photo)

 

[Audio]

(Reuters) - Santander (SAN.MC), Spain's largest bank, is to buy HSBC's (HSBA.L) 8 percent stake in Bank of Shanghai, just as many international rivals are beginning to sell out ofChina.

Santander, which already has a consumer finance venture in China as well as a car financing business, said on Tuesday the Bank of Shanghai deal also included a cooperation agreement, taking the value of its investment to 470 million euros ($647.3 million).

Several major U.S. and European banks including Bank of America (BAC.N) and Switzerland's UBS (UBSN.VX) have started shedding their Chinese holdings for a variety of regulatory and business reasons.

Santander ups bet on China with Bank of Shanghai stake| Reuters

(Reuters) - China Telecom (0728.HK) has picked Alcatel-Lucent (ALUA.PA) to supply its next-generation 4G technology for a nationwide trial of high-speed mobile broadband, the French telecom gear maker said on Thursday.

Alcatel will supply 9,892 base stations in 12 Chinese provinces under the deal - similar to the amount needed to provide adequate coverage in a country the size of France. It will also supply "lightRadio" small-cell technology, which are akin to mini-mobile antennas for urban or indoor areas.

The Chinese market is the world's largest in terms of subscribers, mobile data services and smartphones, increasing by more than 50 percent a year, according to Alcatel. China Telecom has more than 181 million mobile customers.

The latest contract, for which no financial details were given, comes around three months after Alcatel won a share of 4G contracts worth around $3.2 billion from China Mobile Ltd (0941.HK), which has more than 750 million subscribers.

Alcatel-Lucent wins second major China deal| Reuters

 

[cirr]

HOTLINE: China’s economy to grow 15% in 2015!!!!!

December 06, 2013 - 09:20 GMT

KEYWORDS: Hotline , China growth

Yes, you read it right: 15%. But before you get too excited, let us explain…

One of the less-noticed reform items after China’s Third Plenum was a pledge by the country’s National Statistics Bureau to bring its methodology more closely in line with international standards.

We’ll set aside for now if this means anything for its increasingly suspicious copper production statistics. It’s much more important than that.

BCA Research, a sister company of Metal Bulletin, has crunched some numbers to estimate what the economy will look like once it is assessed closer to international methodology.

Their recent report, titled How Unbalanced is the Chinese Economy? has some startling conclusions that challenge conventional wisdom in the investment community.

Firstly, China’s economy may turn out to be 15% bigger than the NBS currently says, once the new methodology is in place by mid-2015.

But perhaps more importantly, they conclude that China’s economy isn’t as dangerously dependent on investment and infrastructure as is commonly thought.

“We estimate that household consumption will likely be revised from currently 37% of GDP to around 50% under the new reporting standards,” they say.

This is of course highly bullish for China’s outlook. If the economy can be significantly rebalanced towards consumption simply by shuffling some numbers around, then there isn’t quite as much at stake in the real reforms as we thought.

Sceptics will argue that it’s not just the imbalance that’s the danger, it’s the vast debt and misallocation involved in the rapid expansion of infrastructure: that won’t change just because you reassess the scale of household consumption.

But that’s a bit too complicated for us amateurs at Hotline, especially the day after our Christmas party. We’re just happy thinking about GDP growth of 15%.

HOTLINE: China’s economy to grow 15% in 2015!!!!! | Metal Bulletin

 

[shuttler]

Huawei spins off Honor, 'young' smartphone brand
Updated: 2013-12-17 07:34
By Meng Jing and Shen Jingting ( China Daily)

Huawei spins off Honor, 'young' smartphone brand|Companies|chinadaily.com.cn

Visitors try devices made by Huawei Technologies Co Ltd at the International Consumer Electronics Show in Las Vegas on Jan 8, 2013. [File photo / China Daily]


Chinese telecom equipment vendor Huawei Technologies Co Ltd said on Monday that it's transforming its Honor handset brand into an independent smartphone brand that targets China's young mobile Internet users.

The Shenzhen-based company said that the Honor brand will be marketed and operated independently from Huawei, the company's parent brand.

Sales will be mainly made through online channels, the same tactic used by Xiaomi Corp, the maker of affordable smartphones, which has surged in China's smartphone market.

"The Honor brand will focus on providing high-quality devices for mobile Internet, and its target consumer is the young generation," said Richard Yu, chief executive officer of Huawei's consumer business group, at the launch ceremony in Beijing.

By focusing on online sales channels, the Honor brand is expected to reach mobile Internet users aged between 18 and 30, Yu said.

At the launch ceremony, Huawei also unveiled two new dual-SIM devices, the Honor 3X and Honor 3C.

The Honor 3X joins the first wave of octa-core, 1.7-gigahertz MediaTek Inc 6592-powered devices, and it boasts 2 gigabytes of RAM and a 13-megapixel main camera.

The Honor 3C features a quad-core, 1.3-GHz MT6582 system-on-chip and a 8-megapixel main camera.

The price of the Honor 3X is set from 1,698 yuan ($278), which is even more affordable than Xiaomi's MI 3. The price of the Honor 3C is as low as 798 yuan, which is seen as strong competition for Xiaomi's sub-brand Hongmi (red rice), the company's low-end smartphone.

Yu said that "Xiaomi's Hongmi is a respectable competitor" in his Sina micro blog in November, but he denied that the Honor brand was a move to copy Xiaomi.

"We've so far unveiled three generations of smartphones from our Honor series since we launched the brand in 2011. It has accumulated more than 3 million users across 100 countries."

Yu added that the series it is sold at 350 euros ($481) in Europe and at more than $400 in the United States," Yu said.

Huawei has big ambitions for this new brand. Xu Xinquan, president of e-commerce at Huawei, said on Monday that the company expects shipments of the Honor brand to exceed 10 million units in 2014, with target sales of $2 billion.

"The Honor brand will not only produce smartphones. It will also product tablet computers, set-top boxes and smart televisions in the future," said Xu.

Huawei emerged as the word's third-largest smartphone vendor in the third quarter, after Samsung Electronics Co Ltd and Apple Inc, according to Boston-based research firm Strategy Analytics.

Analysts at Strategy Analytics called Huawei "a star performer" in the smartphone market in the quarter, with the Chinese company's global shipments growing 67 percent year-on-year from 7.6 million in the third quarter of 2012.

Despite its strong performance in China, Huawei is still facing fierce competition, said Wang Jun, senior analyst with Beijing-based research firm Analysys International.

"Samsung and Lenovo have been dominating smartphone sales in China for quite a long time. Huawei, ZTE and CoolPad are basically the second-best choices in China, and the competition among the three producers is also fierce," said Wang, adding that Huawei has been producing low-end contract smartphones for a long time.

Wang said it was a good move for the company to launch an independent brand to tap the mid- to high-end market.

James Yan, a senior analyst at IDC China, said it wouldn't be difficult for the Honor brand to achieve shipments of 5 million units in 2014."If the Honor brand can introduce more models in the near future and launch them in different markets in the world, the global shipment of 10 million units is achievable," he said.

Yan said that the main challenges for the Honor brand lie in the supply chain and marketing. "Compared with Xiaomi, Huawei doesn't have much experience in online marketing," he said.

 

[beijingwalker]

China Trade Surplus Widens as Consumer Inflation Eases: Economy
By Bloomberg NewsDecember 09, 2013

China’s trade surplus widened last month to the largest in more than four years as exports exceeded estimates, in a sign global demand is helping sustain a recovery in the world’s second-biggest economy.

The surplus was $33.8 billion as outbound shipments rose 12.7 percent from a year earlier and imports gained 5.3 percent, data from the General Administration of Customs showed yesterday in Beijing. Consumer prices rose a less-than-estimated 3 percent, a statistics-bureau report showed today.

Stronger demand from abroad may give Premier Li Keqiang more room to implement reforms outlined at a Communist Party meeting last month to increase the role of markets and boost domestic consumption for more sustainable growth in the long term. At the same time, the data triggered speculation among some analysts that capital flows disguised as trade could be boosting the export numbers.

 

[ephone]

Well, bubble has not popped yet as expected???

 

[Chinese-Dragon]

The surplus was $33.8 billion as outbound shipments rose 12.7 percent from a year earlier and imports gained 5.3 percent, data from the General Administration of Customs showed yesterday in Beijing.

Excellent. Both exports and imports are soaring, showing a great improvement in both manufacturing and domestic consumption.

 

[cirr]

Per the spokesman of the Commerce Ministry，December exports performances are likely to be more robust than November。

 

[xuxu1457]

In November, China trade at 370.6billion $, export 202.2billion $, import 168.4billion $, surplus 33.8billion $;
From Jan to Nov, China trade 3.8trillion $, export 2trillion $, import 1.8 trillion $,surplus 234billion$;
In 2013, Guangdong province GDP will hit 1 trillion $ and trade will hit 1 trillion $ too.

 

[beijingwalker]

the world has changed,at least business wise

THE world's trade structure has changed dramatically over the last decade, with China having replaced the United States last year as the biggest trading nation.

As recently as 2006, the US was the most important trading partner for 127 countries, compared with 70 for China. But by 2011, the two had changed places, with China being the most important trading partner for 124 countries, compared with 76 for America.

This means that countries that used to look to the US for their economic welfare and security now look to China for their growth.

 

[DoTell]

This means that countries that used to look to the US for their economic welfare and security now look to China for their growth

It also means that countries that used to look to the US for for democracy and freedom now look to India for beacon. "I rather sh!t on the street, rape women than to lose my freedom" they like to say

 

[rott]

@beijingwalker, excellent news!!!!

 

[Obambam]

Well, bubble has not popped yet as expected???

Chinese economy will crash in 6 months.

 

[skyknight]

Let's keep collapsing in this style! yeah!!