China Economy Forum

[Indos]

Halo @madokafc

I am just curious though...........

In which part in Java actually your blood comes ?

is it Yogyakarta ?

 

[Nike]

@Indos Haha is rather complex


i had family in Malang, Semarang and Yogyakarta

 

[powastick]

Indonesia’s language of unity
CERITALAH
BY KARIM RASLAN

 

[TaiShang]

May the buying spree continue

China South Rail (CSR) acquired 100 percent of a British ocean engineering company's share for 130 million pounds (190 million U.S. dollars) to fill deep-sea robot industry gaps in China

Zhuzhou China South Rail Times Electric Co (CSR Times Electric), a subsidiary of CSR, signed an acquisition deal with Specialist Machine Developments (SMD), a British deep-sea robot and sub-sea engineering machinery manufacturer.

The British company, located in Newcastle, offers equipment for deep ocean applications, including underwater engineering machines and remotely operated underwater vehicles that work in hazardous environments worldwide.

The acquisition is expected to help China obtain core deep-sea robotic technology and equipment, according to CSR.

China South Rail acquires British deep-sea specialist company - People's Daily Online

 

[Bussard Ramjet]

Chinese CSR rolls out ultra-quick-charge bus
English.news.cn 2015-04-16 13:27:35



NINGBO, April 16 (Xinhua) -- A Chinese company on Thursday unveiled the world's quickest charging electric bus, with a battery that takes just 10 seconds to be fully charged.

The bus recharges while stationary or while passengers get on or off, and each charge enables the bus to run for least five kilometers, said Zhou Qinghe, president of Zhuzhou Electric Locomotive, a subsidiary of high-speed train maker CSR.

In addition, the bus consumes 30 to 50 percent less energy than other electric vehicles.

The capacitor can function safely for 12 years even under extreme temperatures, according to the company.

CSR hopes the electric bus will attract foreign customers. Central and east Europe, looking to replacing their old vehicles, was cited as market with potential.

On Thursday orders for 1,200 buses were placed.
Chinese CSR rolls out ultra-quick-charge bus
- Xinhua | English.news.cn

 

[Bussard Ramjet]

This is awesome.

Actually it has dual use. Charge storage and release is THE toughest part of devising a laser. They must be devising better capacitors. @AndrewJin

 

[AndrewJin]

This is awesome.

Actually it has dual use. Charge storage and release is THE toughest part of devising a laser. They must be devising better capacitors. @AndrewJin

You are not using fancy words.

 

[Bussard Ramjet]

You are not using fancy words.

I use words that are required. Some concepts are only properly encapsulated by those 'fancy' words.

Incidentally, this is the same firm that recently acquired a British underwater engineering firm, SMD.

 

[AndrewJin]

I use words that are required. Some concepts are only properly encapsulated by those 'fancy' words.

Incidentally, this is the same firm that recently acquired a British underwater engineering firm, SMD.

Encapsulate, thanks!!!

 

[frequency]

buahahaha!

Why are you grabbing your crouch in your avatar pic?

 

[bobsm]

China becomes largest industrial robot producer last year
Xinhua Finance 2015-04-15 15:50 BEIJING

China became the biggest industrial robotics producer in 2014, reported People's Daily Wednesday.

Last year, newly-added industrial robotics numbered about 56,000, of which more than 10,000 were made in China, according to data posted on the 2015 China National Robotics Development Forum.

The number was much higher than the 37,000 newly added industrial robotics in 2013, which led the growth of all countries' around the world. Experts pointed out that despite the world largest robotics market, Chinese businesses' homemade products output accounts for only a small part of the total industrial robotics sales in the country and some core parts are still produced by their foreign peers. However, alongside the gradual debut of future preferential policies, the "Internet Plus Manufacturing" strategy is likely to boost industrial robotics industry vitality, holds analyst of Changjiang Securities.

In the future, investors are advised to pay attention to the stock investment opportunities in Chinese robotics firms such as Siasun Robot & Automation Co., Ltd. (300024.SZ), Shanghai Step Electric Corporation (002527.SZ), and Shenzhen Inovance Technology Co., Ltd. (300124.SZ).

 

[NarThoD]

That is correct.

Here is an article written by a Malaysian :

Indonesia’s language of unity
CERITALAH
BY KARIM RASLAN




====

Anyway, Indonesian dessert made of Banana (native of South Sulawesi)

Pisang Ijo (lit: Green Banana)

+

Pisang Epe

Simple to make, banana (not too ripe) is pressed into a flat shape then grilled. A sauce made of palm sugar is poured on top when served. Modern variant adds cheese and chocolate.

++

Barongko

Mashed banana mixed with sugar, dried coconut or canary bean wrapped in banana leaf then steamed.

+++

Non banana :

Cucuru Bayao

Exhausting to make. Made of egg yolks, coconut, and lots of sugar. A very sweet snack. Only made for special occasion like weddings.

++++

Biji Nangka (lit: Jackfruit bean)

Made from potato, dried coconut, and sugar.

Man you make me remember my childhood again hehe, especially that Biji nangka dessert

 

[baukiki88]

One more food. Its called SUP TORPEDO. What soup is it?? go google it yourself.

Hint : Its good for men !!! STRONG !!!!

 

[powastick]

Seriously, the only food that I remember trying is Nasi Padang.
Jarkata Street Food
matkiding - YouTube

I didn't go out to the street after being warned.

 

[bobsm]

The quiet revolution
A slowing economy commands headlines, but the real story is reform
http://www.economist.com/printedition/2015-04-18
WITH China, the received wisdom belongs to the pessimists. Figures this week revealed that growth has slowed sharply and deflation set in, as the economy is weighed down by a property slump and factory production is at its weakest since the dark days of the global financial crisis. In the first three months of 2015, GDP grew at “only” 7% year-on-year. Growth for 2015 will probably be the weakest in 25 years.

Fears are rising that, after three soaring decades, China is about to crash. That would be a disaster. China is the world’s second-largest economy and Asia’s pre-eminent rising power. Fortunately, the pessimists are missing something. China is not only more economically robust than they allow, it is also putting itself through a quiet—and welcome—financial revolution.

The robustness rests on several pillars. Most of China’s debts are domestic, and the government still has enough sway to stop debtors and creditors getting into a panic. The country is shifting the balance away from investment and towards consumption, which will put the economy on more stable ground (see article). Thanks to a boom in services, China generated over 13m new urban jobs last year, a record that makes slower growth tolerable. Given China’s far bigger economy, expected growth of 7% this year would boost the global economy by more than 14% growth did in 2007.

However, the real reason to doubt the pessimists is China’s reforms. After a decade of dithering, the government is acting in three vital areas. First, in finance, it has started to loosen control over interest rates and the flow of capital across China’s borders. The cost of credit has long been artificially low, squashing the returns available to savers while, at the same time, succouring inefficient state-owned firms and pushing up investment. Caps on deposit rates are becoming less relevant, thanks to an explosion of bank-account substitutes that now attract nearly a third of household savings. Zhou Xiaochuan, the governor of China’s central bank, has said there is a “high probability” of full rate-liberalisation by the end of this year.

China is also becoming more tolerant of cross-border cash flows. The yuan is, little by little, becoming more flexible; multinational firms are able to move revenues abroad more easily than before. The government’s determination to get the IMF to recognise the yuan as a convertible currency before the end of 2015 should pave the way for bolder moves.

The second area is fiscal. Reforms in the early 1990s gave local governments greater responsibility for spending, but few sources of revenue. China’s problem of too much investment stems in big part from that blunder. Stuck with a flimsy tax base, cities have relied on sales of land to fund their operations and have engaged in reckless off-books borrowing.

The finance ministry now says it will sort out this mess by 2020. The central government will transfer funds to provinces, especially for social priorities, while local governments will receive more tax revenues. A pilot programme has been launched to clear up local-government debt. It lays the ground for a municipal-bond market—despite the risks, that is better than today’s opaque funding for provinces and cities.

The third area of reform is administrative. In early 2013, at the start of his term as prime minister, Li Keqiang pledged that he would cut red tape and make life easier for private companies. It is easy to be cynical, yet there has been a boom in the registration of private firms: 3.6m were created last year, almost double 2012’s total.

The high road of lower growth

In time, these reforms will lead to capital being allocated more efficiently. Lenders will price risks more accurately, with the most deserving firms finding funds and savers earning decent returns. If so, Chinese growth will slow—how could it not?—but gradually and without breaking the system.

Yet dangers remain. Liberalisation risks breeding instability. When countries from Thailand to South Korea dismantled capital controls in the 1990s, their asset prices and external debts surged, ultimately leading to banking crises. China has stronger defences but nonetheless its foreign borrowing is rising and its stockmarket is up by three-quarters in six months.

And then comes politics. Economic reforms have high-level backing. Yet the anti-corruption campaign of President Xi Jinping means that officials live in fear of a knock on the door by investigators. Many officials dare not engage in bold local experiments for fear of offending someone powerful.

That matters because reform ultimately requires an end to the dire system of hukou, or household registration, which relegates some 300m people who have migrated to cities from the countryside to second-class status and hampers their ability to become empowered consumers. Likewise, farmers and ex-farmers need the right to sell their houses and land, or they will not be able to share in China’s transformation.

Ever fond of vivid similes, Mr Li says economic reforms will involve the pain a soldier feels when cutting off his own poisoned arm in order to carry on fighting. “Real sacrifice”, he says, is needed. China’s quiet revolution goes some of the way. But Mr Li is right: much pain lies ahead.

http://www.economist.com/news/leade...-headlines-real-story-reform-quiet-revolution