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Now China ... 80% Chinese family own cars.
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the fastest growing economies around the world are manufacturing based economies and not service driven economies.
That is because they are not advance economy. Service add "high-value" to an economy. Take the US, for instance. It has high-value in service sector. That is not to say we will not manufacturing. We will but it must be at a lower percentage than service.
 
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@atatwolf

Atatkhar, even Sepratist Uyghurs like Isa Yusuf Alptekin supported China against Japan in WW2, even after their "First East Turkestan Republic was crushed by Chinese Muslim forces.

The Muslim World - Google Books

OBITUARY ISA YUSUF ALPTEKIN - a great mujahid died East Turkistan Leader Isa ifusuf Alptekin died on 17 Dec '95 at Istanbul. ... Feb '96, Isa Yusuf Alptekin, former Secretary of the East Turkistan Government and fighter for the freedom of Sinkiang Koumuntang, died in ... Turkistan. During the Sino-Japanese War he advocated the cause of China and continued his efforts for the autonomy of Sinkiang.

Alptekin and another Uyghur who went by the Chinese name Ma Fuliang, also traveled to the middle east (Turkey) to raise support for China against Japan. (Alptekin and his friend are mislabeled as Hui here)

Around the middle of 1939, Chongqing sent two prominent Hui Muslim leaders, Isa Yusuf Alptekin and Ma Fuliang (F.L. Ozbek Ma), to Turkey, Syria and Egypt for the purpose of extending Chiang Kai-shek's goodwill and soliciting sympathy ... - Google Search

Modern China's Ethnic Frontiers: A Journey to the West - Hsiao-ting Lin - Google Books

Around the middle of 1939, Chongqing sent two prominent Hui Muslim leaders, Isa Yusuf Alptekin and Ma Fuliang (F.L. Ozbek Ma), to Turkey, Syria and Egypt for the purpose of extending Chiang Kai-shek's goodwill and soliciting sympathy ...

Alptekin and Ma Fuliang brought Uyghur youths from Sinkiang (Xinjiang) to enlist in China's military during the war to fight Japan.

China at War - Google Books

China Magazine - Google Books

LED by Ma Fu- liang, Moslem member of the Mongolian and Tibetan Affairs Commission, the second batch of 10 Sinkiang Mohammedan youths have arrived in Chungking after a rigorous trip via India and Rangoon. This brings the total of the arrivals to 29. This brings the total of the arrivals to 29. All will join the Central Military Academy in Free China next fall.

The Pan Turkic Uyghur separatist Dr. Masud Sabri also sided with China, joining the Chinese government in Chongqing along with other Uyghurs who joined the Chinese military academy to fight Japan.

Biographical Dictionary of Republican China - Google Books

Ma Fuliang and another Uyghur named Ismail were part of China's national military council during the war against Japan, while Dr. Masud Sabri was part of the State Council and Legislature.

China Magazine - Google Books

Ma Fu-liang and Ismail are advisers of the National Military Council, while Dr. Masoud, former State Councillor of the National Government, is a member of the Legislative Yuan. Other Mohammedan members of the Legislative Yuan include...

Yulbars Khan (General Yulbas) was another Uyghur in the Chinese military.

China Magazine - Google Books

General Yulbas, councillor of the National Military Council

Most of those men, like Alptekin, Sabri, were hard core Pan Turkic and Uyghur separatists and had been to Turkey before the war with Japan broke out. Yulbars (Yulbas) was the only non separatist and non pan Turkist Uyghur among them.

Isa Alptekin - Wikipedia, the free encyclopedia

Masud Sabri - Wikipedia, the free encyclopedia

They sided with China against Japan even after their "East Turkestan Republic[/b] was crushed in 1934 by Chinese Muslims.

Battle of Kashgar (1934) - Wikipedia, the free encyclopedia

The only Uyghur who tried siding with Japan was Muhammad Amin Bughra. He was arrested by Britain in India, but the Chinese government sent Isa Alptekin to bail him out and convince him to defect to China. He came to China and joined the Chinese government and worked as a writer for Chinese pro- government media along with Alptekin.

Muhammad Amin Bughra - Wikipedia, the free encyclopedia

I don't need to even mention what non-separatist Turkic Salar Muslims did to the Japanese, since Uyghur separatists already hated them......

马家军悲壮的抗战:百名骑兵集体投河殉国--军事频道-中华网-中国最大军事网站

Leonard Francis Clark wrote about a Salar officer in the Qinghai army of Ma Bufang who killed Japanese in "The Marching Wind".
 
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Airbus Offers To Build A330 Completion Center In China

By Bradley Perrett

Source: Aviation Daily

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February 04, 2014

Credit: Airbus


Airbus is offering to build an A330 completion center in China, probably in Tianjin, says a manufacturing industry official, as the European airframer steps up efforts to promote the type as an answer to China’s shortage of pilots, technicians and airspace capacity.

In return for the completion center, Airbus is asking China to commit to buying a large number of A330s, possibly 200, says the official.

The Chinese government, which heavily influences aircraft purchase by the mainly state-owned airline industry, is still considering the offer. The proposal has accompanied Airbus attempts to promote lightweight certification of the A330 as creating a Chinese version of the type, while Boeing is arguing that narrowbodies offer better economics for China’s domestic routes.

The offer completion center has apparently been made as part of talks for orders to fill requirements for the next five-year planning period, 2016-20, although the facility and its deliveries would presumably last longer than that.

Airbus Offers To Build A330 Center In China
 
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Maybank launches ringgit trade in China | Free Malaysia Today

Maybank launches ringgit trade in China

The Malaysian Reserve | February 5, 2014

By Azli Jamil

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has introduced ringgit trade financing in China where customers can now settle their cross-border trade transactions with their Malaysian counterparts in ringgit.

It claims to be the first bank to offer this service. According to a statement by Maybank yesterday, other Chinese banks may also apply to be Maybank’s appointed agents to offer ringgit financing to their customers across China.

“The RM Trade Financing service further reinforces Maybank’s position as the key go-to Malaysian bank for businesses in China as it was the only Malaysian bank appointed by People’s Bank of China as a market maker for MYR/RMB (ringgit/yuan) and since 2012, Chinese customers have been allowed to maintain ringgit accounts at Maybank Shanghai branch,” said Maybank global head of transaction banking John Wong Tze Yow in the statement.

Through this service, customers are able to leverage on the various trade financing and hedging instruments available in ringgit, which encompass letters of credit, financing of imports, exports, currency swaps and other services made available via Maybank’s wide network in Malaysia and the competitive ringgit funding it has to offer as the largest bank in Malaysia, the lender said.

Wong said among the benefits are a new liquid currency with hedging options, which helps minimises foreign exchange exposures and enables both parties to benefit from better trade terms and a reduced supply chain costs.

“This new capability will help entrench Maybank’s leadership in trade finance in Malaysia where it enjoys a market share of over 26% currently,” said Wong about the potential arising from this new service.

Wong said the scheme will spur the future development of a broader range of ringgit-denominated products and services to meet evolving business needs especially since Greater China is one of the key markets that Maybank has been focusing on over the last few years.

“While we already offer a full suite of trade financing facilities in China including imports, exports and other trade services, we are looking to introduce more new products in 2014, particularly in the area of supply chain financing that supports open account trades which are the dominant form of trade in Asia,” said Wong.

In addition to the above scheme, Wong said both Malaysia and China can leverage on their respective strengths in Islamic financing and yuan business to promote the development of a yuan-denominated sukuk market.

This content is provided by FMT content provider The Malaysian Reserve
 
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Good news. I wonder if this is related to the Shanghai free trading zone.
 
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but why would china need a failed currency like ringgit? history has shown that currency is not very stable.
 
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BPA Malaysia Weekly Bond Market Report 9 February 2014 – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News | Largest English Daily In Borneo

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Posted on February 8, 2014, Saturday

Over the week, Malaysian Government Securities (MGS) yields shed between three basis points (bps) and 15bp between the three-year and 20-year tenure.

The lower MGS yields were attributed to the recent release of weak manufacturing data from US and the strengthening of the ringgit against the US dollar.

As a result, the TR BPAM All Bond Index posted gains of 0.27 per cent to end the week at 131.92 from 131.57 recorded last week.

The Institute for Supply Management (ISM) manufacturing index declined to 51.3 per cent in January from 56.5 per cent in December, indicating US manufacturing had expanded at the slowest pace in eight months.

As for Malaysia’s exports data which was released on Friday, the Department of Statistics reported that both exports and imports increased by 14.4 and 14.8 per cent respectively in December from a year earlier.

Exports rose on the back of a weaker ringgit currency and mainly driven by higher electric & electronic product shipments and a surge in exports to China, Malaysia’s largest trade partner.

Trade surplus came in higher at RM9.5 billion, as compared to RM8 billion in November.

Trading activities remained muted as the total trading volume of the top 10 most active bonds were a tad lower at RM5.36 billion compared to RM5.41 billion last week.

The five-year benchmark GII maturing on April 2019 topped the list with a total of RM1.06 billion worth of bonds changed hands.

On February 7, 2014, Pengurusan Air SPV Bhd issued five-year and seven-year Islamic Medium Term Notes (IMTNs) amounting to RM1.20 billion.

The IMTNs, which are backed by an explicit guarantee by the Government of Malaysia, carried profit rates of 4.16 and 4.42 per cent respectively.
 
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