China Economy Forum

[sweetgrape]

China Railway Construction completes rebuilding of Angola’s Benguela railroad
China Railway Construction completes rebuilding of Angola’s Benguela railroad | Macauhub English

China Railway Construction has completed the project to rebuild Angola’s 1,344 km long Benguela railroad, which stretches from the Atlantic Ocean to the border of the Democratic Republic of Congo, China’s Xinhua news agency reported on Wednesday.
The company’s director for the project, Liu Feng, said the line was the longest of Angola’s three major railways, besides being the fastest. It links the port city of Lobito to the border town of Luau, where it links to the rail network of DR Congo.


The contract involved rebuilding 67 stations and will allow a maximum train speed of 90 km per hour with capacity for 20 million tons of cargo per year. China Railway Construction indicated that it cost the Angolan state US$1.83 billion.


Liu also told Xinhua that the reconstruction work was based on the gauge (distance between rails) used in China. The previous one was Portuguese and did not allow speeds of more than 30 km per hour.


The Benguela Line project was built as a key-in-hand project and now operates using Chinese standards. All the equipment was imported from China, along with some of the manpower, which counted nearly 100,000 Angolan workers.


Portugal began construction of the line in 1899. The connection to Luau was finished in 1929 and in 1931 the port of Lobito received by rail the first cargo of copper from Katanga.

China Railway Construction is listed on the Shanghai and Hong Kong exchanges. The company specialises in building railway lines, highways and rapid transit networks. (macauhub/AO/CN)

 

[sweetgrape]

Sanmen 2 vessel delivered
------China first domestical AP1000 vessel
Sanmen 2 vessel delivered

The reactor pressure vessel for China's Sanmen 2 has been delivered to the construction site in preparation of its installation. It is the first AP1000 vessel to be domestically produced.

The giftwrapped reactor vessel arrives at the Sanmen 2 construction site (Image: SNPTC)

Sanmen 2's vessel, supported in a test rig, undergoing pressure tests (Image: SNPTC)

A ceremony was held on 5 August to mark the successful delivery of the vessel, manufactured by China First Heavy Industries (CFHI) under the supervision of Westinghouse. Attendees included representatives from the National Energy Board, China's National Nuclear Security Administration, the Ministry of Industry and Information Technology, as well as from the Dalian municipal government.

Two AP1000s are under construction at the Sanmen site in Zhejiang province, eastern China, with another two being built at Haiyang in Shandong province.

The vessels for the first units at Sanmen and Haiyang were both produced in South Korea by Doosan Heavy Industries & Construction using some forgings fabricated by CFHI. The Chinese company produced the first forging for the component in July 2007 under the supervision of China's National Nuclear Safety Administration and supported by several companies involved in the Sanmen plant project, including State Nuclear Power Technology Corporation (SNPTC), Westinghouse and Doosan. Together, the companies had strict control of quality during the manufacturing process. The vessel for Haiyang 2, supplied by Shanghai Electric Group, recently completed pressure testing ahead of its delivery.

SNPTC has a major role in the transfer of knowledge and technology from the plant supplier, Westinghouse, through agreements featured in the 2007 deal to build the units at Sanmen and Haiyang. China wants to progressively become self-sufficient in deploying AP1000s and its own derivatives.

 

[Edison Chen]

Boosted by WeChat, Tencent's Net Profit Rises 59%

Chinese Internet giant Tencent Holdings Ltd. TCEHY -3.77% posted a 59% jump in second-quarter net profit, as its popular chat app helped drive users to its mobile games and paid services.

The operator of China's most widely used mobile instant-messaging service WeChat is on a growth tear, with a second consecutive quarter of profit growth exceeding 50%. Tencent's earnings were bolstered by its large online games business, with mobile games and advertising revenue helping to drive growth.

Company executives said Wednesday on an investor call that Tencent will invest "aggressively" in new in-house and third-party video content, boost its fledgling news portals and continue adding functions to its mobile platforms as the company works to grow its Internet footprint.

"We will continue to grow these platforms," said Martin Lau, Tencent's president. "That will be the horse in front of the cart, and afterward the cart will follow the horse."

On Wednesday, the Shenzhen-based company said its revenue from social networks increased by 47%, with the number of monthly active WeChat users climbing 57% from a year earlier to 438.2 million.

Revenue growth from smartphone games was brisk in the second quarter, but may be flat in the second half, as priority shifts to user engagement and platform enhancement over revenue growth, the company said.

Tencent said its net profit for the three months ended June 30 rose to 5.84 billion yuan ($947 million) from 3.68 billion yuan a year earlier. This beat analysts' expectations of a second-quarter profit of 5.51 billion yuan, according to Thomson One Analytics. Revenue rose 37% to 19.75 billion yuan from 14.38 billion yuan a year earlier, exceeding analyst expectations of 19.20 billion yuan.

The strong earnings come despite intensifying rivalry with Chinese e-commerce giant Alibaba Group Holding Ltd., which is preparing for what could be the largest technology initial public offering in history. While the two began in different sectors, they have increasingly clashed directly as they battle for dominance in the world's largest Internet market by users.

Tencent's shares fell 0.1% to 133.20 Hong Kong dollars (US$17.18) on Wednesday ahead of the announcement, but its stock has climbed more than 30% since the beginning of the year.

The popularity of Tencent's online games and messaging platforms has boosted its market capitalization to $159 billion, compared with Facebook Inc.FB +0.45% 's $190 billion, and has made it Asia's most valuable Internet company. But that could change after Alibaba's hotly anticipated IPO, which is slated for this fall. Analysts estimate it could raise more than $20 billion and brokerages have put out valuation estimates of more than $200 billion.

Alibaba has moved to chip away at Tencent's mobile dominance in the past year by starting its own instant-messaging service Laiwang. It has also launched mobile games, developed a mobile search service with Beijing-based browser provider UCWeb Inc. and taken a stake in video website Youku Tudou Inc. YOKU +1.57%

Meanwhile, Tencent is trying to challenge Alibaba in e-commerce, with a partnership begun in March with China's No. 2 online retailer JD.com JD -0.95% and with its own electronic-payment service. A group including Tencent also gained permission from Chinese regulators in July to open a rare private bank, as the company looks to expand its footprint in financial services.

Tencent executives said Wednesday that its future bank wouldn't compete directly with current ones, but would work with them to identify underserved borrowers using its large store of data.

Online games remain the company's largest business, however, contributing 56% of revenue in the second quarter. Tencent operates online games including "Cross Fire" and "League of Legends," along with games portal QQ Game.

http://online.wsj.com/articles/boosted-by-wechat-tencents-net-profit-rises-59-1407923117

 

[cirr]

Huawei : Kirin 930, 16nm, 64 bit processor

As news from Taiwan last night, TSMC is trying to speed up the 16nm process. The trial production will be moved ahead to the third quarter of 2014. The first processor will be the Kirin 930, one 64 bit CPU based on big.LITTLE.

News suggested that TMSC invested a lot to enlarge the production volume of 16nm process chipset. The investment is over 3 billion US dollars. The first batch of Kirin 930 is in trial production this month. And in last quarter, the 16nm FinFET processor will be available for mass production. By this Kirin 930, Huawei surpassed Mediatek and Qualcomm, and becomes the first supplier adopting 16nm process.

This year, Huawei has already released the Kirin 920 chipset, and in the conference, Ontablets has been told that Huawei is developing 5G device.

Though, Kirin 920 is a nice processor. But the CPU and GPU performance can be improved further. The power consumption is very low already. So this new Kirin 930 may adopt the new Imagination PowerVR 6 series GPU. As the availability of Kirin 930, Huawei will become one of top CPU supplier in the world. But before that, Huawei need to resolve its shortcomings on operation system. If it can get back from Google or other big OS supplier, Kirin CPU will be top brand name in world.

To know more about this new Kirin 930 CPU, you can follow our blog for further news.

Kirin 930, 16nm, 64 bit processor - My blog about tablet pc android and smartphones

 

[cirr]

Kirin. Is it a Taiwanese made by TSMC?

It is a Mainland designed mobile chip made by TSMC in Taiwan.

 

[aliaselin]

It is a Mainland designed mobile chip made by TSMC in Taiwan.

It is @BoQ77

 

[jkroo]

I confess that I am fans of Huawei. My P6 and D2 used 4 cores K3V2 CPU and good enough. Now, we can see Kirin 930, Kirin 920, Kirin 910. I want to see the benchmark scores of Kirin 930.
Question: Who will make world first 10nm, 64 bits, 8 cores mobile cpu? MTK? QUALCOMM? HUAWEI?

 

[cirr]

So it's true that TSMC is the first supplier adopted 16nm process ? or

Yes, and Taiwan is reportedly to start the 10nm process in 2015.

I confess that I am fans of Huawei. My P6 and D2 used 4 cores K3V2 CPU and good enough. Now, we can see Kirin 930, Kirin 920, Kirin 910. I want to see the benchmark scores of Kirin 930.
Question: Who will make world first 10nm, 64 bits, 8 cores mobile cpu? MTK? QUALCOMM? HUAWEI?

My bet is on Huawei。

 

[jkroo]

Yes, and Taiwan is reportedly to start the 10nm process in 2015.



My bet is on Huawei。

My bet is on TSMC

Maybe you both are right. Huawei design and TSMC manufacture.

 

[TaiShang]

New railway in Tibet aims to boost local economy

The Lhasa-Shigatse Railway in the Tibet Autonomous Region opened to service on Friday. The line sits at an altitude of 4,000 meters and is 253 kilometers long. Construction took four years as a result of varying and often difficult geographic conditions along the line.

To give you an idea, the line crosses the Yarlung Tsangpo Grand Canyon, the deepest canyon in the world, and also crosses a 17-kilometer long area of sand. The entire railway line comprises 29 tunnels and 116 bridges.



The new line also looks to add a potent stimulant to the local economy by allowing the smoother transport of goods from Tibet to other areas of China. This has meant new opportunities for local merchants.

One such man, Gyatso, is looking forward to expanding his incense business. The inheritor of a 1300-year-old tradition, Gyatso has supplied Tibetan incense to Buddhist establishments in other parts of China for 30 years.

He hopes the railway will allow him to get his incense all the way east to Beijing.

CCTVNews takes a closer look at his story.

 

[dlclong]

 

[TaiShang]

Lenovo profit beats forecasts

Video news here

 

[Voltaire]

Building such infrastructure over tibet is really impressive to be honest.No doubt,with the famed chinese speed of constuction?
Good to see a tibetan chinese being pragmatic and working to better his lot.

 

[Echo_419]

New railway in Tibet aims to boost local economy

The Lhasa-Shigatse Railway in the Tibet Autonomous Region opened to service on Friday. The line sits at an altitude of 4,000 meters and is 253 kilometers long. Construction took four years as a result of varying and often difficult geographic conditions along the line.

To give you an idea, the line crosses the Yarlung Tsangpo Grand Canyon, the deepest canyon in the world, and also crosses a 17-kilometer long area of sand. The entire railway line comprises 29 tunnels and 116 bridges.


The new line also looks to add a potent stimulant to the local economy by allowing the smoother transport of goods from Tibet to other areas of China. This has meant new opportunities for local merchants.

One such man, Gyatso, is looking forward to expanding his incense business. The inheritor of a 1300-year-old tradition, Gyatso has supplied Tibetan incense to Buddhist establishments in other parts of China for 30 years.

He hopes the railway will allow him to get his incense all the way east to Beijing.

CCTVNews takes a closer look at his story.

Great news,we should connect both the railway systems on both the sides for facilitation of trade & Investment

 

[cirr]

Initially, there will be train Number K9821/K9822 to run on this route daily. The ticket prices from Lhasa to Xigazê are as follows:

Seat 40.50 Yuan
Upper bunk hard sleeper 111.50 Yuan
Middle bunk hard sleeper 116.50 Yuan
Lower bunk hard sleeper 119.50 Yuan
Upper bunk soft sleeper 169.50 Yuan
Lower bunk soft sleeper 175.50 Yuan

Train K9821 Depart Lhasa 9.00 AM Arrive Xigazê 11.50 AM
Train K9822 Depart Xigazê 5.30 PM Arrive Lhasa 8.27 PM