China Economy Forum

[j20dragon]

We should investigate this case carefully.
Do you have any clue to doubt about NSA hands ?

I'm not doubting, I bet that was the case of NSA putting their hand in as they suspect we are aiding Russia in exposing them. Like I said, the US blame the wrong hand. We never exposed them even though we know they been hacking all over the place. Remember when they accuse us of hacking, our official said we were the victim of hacking but yet we never say who it is.

 

[Hyperion]

and while this was happening..................... pious Yanks were busy @ SIM cards hacked by U.S. and U.K. spies - report - Feb. 20, 2015 !

 

[ChineseTiger1986]

I think the main problem for chinese real estate is the lack of real estate tax. The lack of tax allows many people to accumulate houses without any cost. As soon as the government starts to tax real estate, the housing pricing will drop. But this will hurt the interest group with many real estate assets. So this is the battle between people and the interest group.

As soon as the real estate tax is present, the government can let foreigners to buy chinese housing too and earn a big chunk of foreign currency cleanly, just as United States is doing.

Many ordinary Chinese are also house owners, so the drop of the housing price will also hurt their own interests.

So the best way to remove the housing bubble should be gradually.

When you have huge increase of the wage and salary, while the housing price has little increase, then your housing bubble will eventually become smaller as more people can afford to buy the house.

Otherwise, you are going to have a pile of bad debt by doing that in one quick shot.

 

[cirr]

Mass-produced LNGs

Moving up the value chain。

 

[cirr]

It will be only a matter of time before Zhejiang province becomes a UK in terms of GDP，

while Guangdong、Jiangsu and Shandong should aim to catch-up with Germany GDP wise。

Long way to go。

 

[steelseries779]

Guangdong is the wealthiest province, more than Zhejiang.

Guangdong is the only place you know about China? Zhejiang's wealth is more equally distributed. North Guangdong is as poor as ****.

Jiangsu-Shanghai-Zhejiang is the most developed region in China.

 

[steelseries779]

 

[SipahSalar]

Who know? The NSA can hack easily into Lenovo and install your "Superfish Inc" to put us down to your level. I smell a fishy campaign launch by NSA here. A tit for tat move. However you blame the wrong hand that feed you. It was a Russian security firm at red flag your hack. Not us, why harm us? We are innocent! LOL

You are equating Lenovo with China. If they did something wrong there is no need to defend it. In fact China should take action against them to set example for others.

Lenovo is completely being victimized in this campaign that wage by the US and Russia. I feel sorry for Lenovo. The US tit for tat but it wasn't us that expose their dirty tactic.

How? Lenovo themselves have admitted to installing the software.

 

[TaiShang]

China must establish a consortium of China, Russia, Pakistan and central asian countries, enable them to work on faster pace.

I guess all friendly nations across the Road is welcome to contribute.

The rhetoric in Eurasia should change from one of terrorism and ethnic separatism to cooperation and economic development. In this respect, active participation in this development scheme is vital. I guess China can do only this much. Political will in these nations needs to progressively work toward the realization of the initiative.

 

[TaiShang]

The title is misleading. Not all Lenovo PC models are affected. ThinkPad, ThinkCentre, Lenovo Desktop, ThinkStation, ThinkServer and System x products are not impacted. Besides, computers that are shipped between September 2014 and February 2015 are affected only.

***

Superfish Vulnerability - Lenovo Support (US)

Lenovo Security Advisory: LEN-2015-010
Potential Impact: Man-in-the-Middle Attack

Summary:

This advisory only applies to Lenovo Notebook products.

(ThinkPad, ThinkCentre, Lenovo Desktop, ThinkStation, ThinkServer and System x products are not impacted.)

Superfish was previously included on some consumer notebook products shipped between September 2014 and February 2015 to assist customers with discovering products similar to what they are viewing. However, user feedback was not positive, and we responded quickly and decisively:

1. Superfish has completely disabled server side interactions (since January) on all Lenovo products so that the software product is no longer active, effectively disabling Superfish for all products in the market.
2. Lenovo ordered the pre-load removal in January.
3. We will not preload this software in the future.

Vulnerabilities have been identified with the software, which include installation of a self-signed root certificate in the local trusted CA store. The application can be uninstalled; however, the current uninstaller does not remove the Superfish root certificate.


Description:

Superfish intercept HTTP(S) traffic using a self-signed root certificate. This is stored in the local certificate store and provides a security concern.

Mitigation Strategy for Customers (what you should do to protect yourself):

Lenovo has reached out to Superfish to disable all server activity associated with their product. To completely remove this software, please follow the instructions on this link:

Superfish Removal Instructions

Affected Products

The following Lenovo notebooks may be affected:

E-Series:

E10-30

Flex-Series:

Flex2 14, Flex2 15

Flex2 14D, Flex2 15D

Flex2 14 (BTM), Flex2 15 (BTM)

Flex 10

G-Series:

G410

G510

G40-70, G40-30, G40-45

G50-70, G50-30, G50-45

M-Series:

Miix2 – 8

Miix2 – 10

Miix2 – 11

S-Series:

S310

S410

S415; S415 Touch

S20-30, S20-30 Touch

S40-70

U-Series:

U330P

U430P

U330Touch

U430Touch

U540Touch

Y-Series:

Y430P

Y40-70

Y50-70

Yoga-Series:

Yoga2-11BTM

Yoga2-11HSW

Yoga2-13

Yoga2Pro-13

Z-Series:

Z40-70

Z40-75

Z50-70

Z50-75

 

[BoQ77]

20.02.2015 / 16:40 h EFE

The Bolivian government rescinded its contract with the China Railway for the construction of a section of railway line because the company failed deadlines, an official said.

The company was hired to run the second section of the railway between Montero and Bulo Bulo, but the delay in the works caused the Executive annul the award, told local media the Bolivian Minister of Works, Services and Housing, Milton Claros.

China Railway "has not responded effectively," lamented the minister, who explained that the works have already been awarded to another company that did not specify.

This railway project between the eastern regions of Santa Cruz and Cochabamba plant has almost 150 kilometers, has three sections and includes bridges over four rivers of Bolivia's Amazon basin.

The other two sections were awarded to the Chinese company CAMC Engenieering and Yapilo consortium led by the Spanish firm Bridges and Roads, to be in charge of building bridges.

The project, with a budget of $ 250 million, was launched in September 2013 by Bolivian President Evo Morales, who said then that the railway will connect Santa Cruz with another that reaches the borders with Brazil and Argentina, which will facilitate Bolivian exports.

 

[TaiShang]

HSR to generate output of US$64bn for China in 2015

• 2015-01-31
  

A train on the Lanzhou-Xinjiang high-speed railroad during a test run in Zhangye, Gansu province, Dec. 26, 2014. (File photo/ Xinhua)

China's high-speed rail is expected to generate US$64 billion in output value and help propel the country's "one belt, one road" proposal in 2015, reports Beijing's Securities Daily.

The total length of high-speed railway in China has exceeded 15,000 km after three new routes launched at the end of 2014, namely the Lanzhou-Xinjiang, Guiyang-Guangzhou and Nanning-Guangzhou lines.

China's effort in high-speed rail development has also reached beyond the domestic market. In July, 2014, the Ankara-Istanbul high-speed rail network jointly built by the Chinese was launched. More than 20 other countries, including Thailand, Brazil, Mexico and Russia have either been working with China to build high-speed rail networks or are seeking opportunities to work with the country on related projects. The total investment value has come to an estimated US$480 billion, the report says.

"Considering the approved railway-construction projects, the output value of China's high speed railway is likely to exceed US$64 billion in 2015," says Cai Jianming, an industrial analyst with Guangdong's CI Consulting.

The industrial chain of high-speed railway construction includes railroad construction, the design and construction of train and facilities and operational services. A growing number of projects in both China and overseas will prompt further economic growth in China, allowing it to transform its economic structure by addressing the dilemma of exporting low added-value products on a large scale and expanding its technologies worldwide, said Cai.

China's Ministry of Finance has said that a major task for the country in 2015 is to implement the strategic development of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, known as the "one belt, one road" project, and speed up infrastructure development. A number of Chinese economists have said that the key to the one belt, one road strategy is to advance the basic infrastructure that connect people and places.

Given that most of the countries encompassed in the one belt and one road map are emerging economies or developing countries where basic infrastructure is relatively inadequate, investors and developers will have ample room for development projects, the report said.

About a dozen Chinese companies in related fields have set up overseas branch in the last two months, seeking to profit from the one belt and one road plan.

China's railroad-construction industry will benefit and become more internationalized from the country's ambitious development plans that are reaching beyond the domestic market in 2015, while growing to be more advanced in terms of technology, the Securities Daily said.

 

[TaiShang]

China’s biggest developers extend global reach as sales soar
By David Rogers

China’s biggest developers extend global reach as sales soar

Chinese buyers spent more on commercial real estate outside China than in for the first time last year.

Sales for Greenland Group and China Vanke, China’s two largest property developers, have both risen sharply over the past year, and both have broken through the $35bn mark, with Greenland overtaking Vanke to become the country’s largest developer.

According to figures released by property research institute China Index Academy, turnover at the state-owned Greenland Group rose 48% to $38bn, and sales at the listed residential developer China Vanke rose 23% to $35bn. Sales at the third place enterprise, Dalian Wanda, grew 74% to $24bn.

These performances were achieved despite the weak state of China’s residential market: prices in December fell 0.4% year on year, the first decline since housing data was made public in 2005. However, it has led to speculation that there will be some capital flight from the mainland to other areas of the world.

Zhang Hongwei, the research director of Shanghai-based property consultancy ToSpur, said in a research note: “Amid the lacklustre market in 2014, many property developers chose to reach their sales targets by lowering prices, so the high sales volume came at the cost of narrowed profit margins.”

The fall was also recorded despite the decision in October last year to relax mortgage lending rules.

Global reach

There is evidence that the biggest developers are becoming a force in global property markets. Research by Jones Lang LaSalle (JLL) released on 26 January predicted that Chinese investors would spend a total of $20bn on foreign property, a rise of 21% on 2014, which itself was a 46% increase on 2013. Indeed, 2014 was the first time that Chinese buyers have spent more on commercial real estate outside of China than inside.

“Chinese real estate investors used 2014 to internationalise their portfolios”– Darren Xia, Jones Lang LaSalle
According to JLL, Europe topped the list of favourite investment destinations last year, attracting over $5.5bn. However, Australia emerged as a fast growing market, with more than $3bn flowing into the country, and Sydney becoming the second biggest recipient of Chinese money after London; $2.5bn was allocated to the Americas.

Darren Xia, head of JLL’s International Capital Group, China said: “Chinese real estate investors used 2014 to internationalise their portfolios. At a time when residential prices dampened the market, diversification in international markets allows Chinese investors to continue to grow sustainably and ensure long-term returns. Notably, activity once again focused on the major cities of the world, which Chinese investors now know well, such as London, Sydney, and the major US metropolitans of New York, San Francisco, Los Angeles and Chicago.”

JLL’s research has been supported by a number of eye catching projects announced in the past two months.

One is Greenland’s purchase at the end of last month of 52ha of prime waterfront land in the Malaysian island of Iskandar, off the coast of Singapore, for $670m. The land is intended to be the site of the $820m first phase of the Tebrau Bay Waterfront City project, which will include a snow-world theme park, an opera house, a hospital specialising in traditional Chinese medicine and a school.

That deal was done in conjunction with state-linked Malaysian developer Iskandar Waterfront. The previous month, another Chinese developer, Country Garden Holdings, bought 11ha of land from Iskandar with an estimated development value of $5bn.

Elsewhere, a relatively unknown Chinese developer called Oceanwide announced at the end of January that it was to develop twin towers in the centre of San Francisco (pictured). The Beijing-based developer bought the site for $296m and has recently announced that a 186,000 square metre scheme designed by Foster + Partners would be constructed.

The scheme, which is called First and Mission, will include apartments, a hotel, offices and retail space. The centrepiece will be twin towers, which will be 277m and 184m high. The taller of them will be the second highest in the city. As with Iskandar, the attraction is the region’s growth prospects: rental yields in San Francisco are rising at an annual rate of more than 5%, the highest anywhere in the US apart from San Jose, also in California.

These two schemes also illustrate a growing trend for Chinese developers to become involved in construction schemes, rather than investing in existing buildings. This is also the case in New York, where Greenland is funding the lion’s share of a $5bn apartment development in Brooklyn, and China Overseas is planning the tallest building in New Jersey, a 95-storey condominium at 99 Hudson Street.

 

[Galad]

Op is doing the bidding of his own "democratic" goverment as true USA patriot .Of course attack at Lenovo has absolutely nothing to do with recent info for Kaspersky found malware made in USA and SIM card hacking again made in USA.Cheap and not working method.USA action can only fool certain segment of population(like the OP) who get their "news" from the likes of Fox and CNN.Uncle Sam is getting more desparate with each passing day.And make fool of himself everyday-just look who USA blamed for heavy snowfall recently ...

 

[Hamartia Antidote]

Op is doing the bidding of his own "democratic" goverment as true USA patriot .Of course attack at Lenovo has absolutely nothing to do with recent info for Kaspersky found malware made in USA and SIM card hacking again made in USA.Cheap and not working method.USA action can only fool certain segment of population(like the OP) who get their "news" from the likes of Fox and CNN.Uncle Sam is getting more desparate with each passing day.And make fool of himself everyday-just look who USA blamed for heavy snowfall recently ...

I'm doing Bulgaria's bidding:


http://www.mobilebulgaria.com/news/33751/lenovo-пусна-приложение-за-премахване-на-superfish