China Economy Forum

[Bussard Ramjet]

Datas pls.


The question is, if the general people with quotas are diligent and smart, they can still stand out.

Common man, Just search!

I can give you the yield of some important and major crops though.

POTATO Potato - Wikiwand

The world dedicated 18.6 million hectares in 2010 for potato cultivation. The average world farm yield for potato was 17.4 tonnes per hectare, in 2010. Potato farms in the United States were the most productive in 2010, with a nationwide average of 44.3 tonnes per hectare.[66] United Kingdom was a close second.

New Zealand farmers have demonstrated some of the best commercial yields in the world, ranging between 60 to 80 tonnes per hectare, some reporting yields of 88 tonnes potatoes per hectare.[67][68][69]

There is a big gap among various countries between high and low yields, even with the same variety of potato. Average potato yields in developed economies ranges between 38–44 tonnes per hectare. China and India accounted for over a third of world's production in 2010, and had yields of 14.7 and 19.9 tonnes per hectare respectively.[66] The yield gap between farms in developing economies and developed economies represents an opportunity loss of over 400 million tonnes of potato, or an amount greater than 2010 world potato production. Potato crop yields are determined by factors such as the crop breed, seed age and quality, crop management practices and the plant environment. Improvements in one or more of these yield determinants, and a closure of the yield gap, can be a major boost to food supply and farmer incomes in the developing world.[70][71]
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You can look here for more data, but on average yields for everything are generally half or third that of advanced countries like United States, Israel, European Countries etc.

 

[AndrewJin]

Common man, Just search!

I can give you the yield of some important and major crops though.

POTATO Potato - Wikiwand

The world dedicated 18.6 million hectares in 2010 for potato cultivation. The average world farm yield for potato was 17.4 tonnes per hectare, in 2010. Potato farms in the United States were the most productive in 2010, with a nationwide average of 44.3 tonnes per hectare.[66] United Kingdom was a close second.

New Zealand farmers have demonstrated some of the best commercial yields in the world, ranging between 60 to 80 tonnes per hectare, some reporting yields of 88 tonnes potatoes per hectare.[67][68][69]

There is a big gap among various countries between high and low yields, even with the same variety of potato. Average potato yields in developed economies ranges between 38–44 tonnes per hectare. China and India accounted for over a third of world's production in 2010, and had yields of 14.7 and 19.9 tonnes per hectare respectively.[66] The yield gap between farms in developing economies and developed economies represents an opportunity loss of over 400 million tonnes of potato, or an amount greater than 2010 world potato production. Potato crop yields are determined by factors such as the crop breed, seed age and quality, crop management practices and the plant environment. Improvements in one or more of these yield determinants, and a closure of the yield gap, can be a major boost to food supply and farmer incomes in the developing world.[70][71]
​

You can look here for more data, but on average yields for everything are generally half or third that of advanced countries like United States, Israel, European Countries etc.

Potato is not our main food.
It is mostly grown in dry area in China, not in good arable land.

How about rice, wheat, vegetable, fruits?

wheat
Pls don't drag China down to the same league of your country.
China has less arable land but far more agricultural output.

 

[TaiShang]

Euronext Signs MOU with Chinese Invested Haitong Bank
2015-10-06

The undated file photo shows a BES branch. [File photo: china.org.cn]

The largest Exchange in eurozone Euronext announced Monday that it has signed a Memorandum of Understanding (MOU) with Haitong Bank, which was Banco Espirito Santo de Investimento before it has been acquired by the Chinese financial company, Hai Tong securities on sept. 7, 2015.

Euronext said in a press release that the objective of this MOU, signed by Haitong and Euronext, is to improve the process for Chinese investors or Chinese investment firms to gain access to Euronext markets and products with a view to improving entry into European capital markets.

According to Euronext, the two companies will work together to introduce RMB denominated fixed income securities, launch innovative listings products in acceleration of the RMB internationalization process and explore ways to cooperate in promoting Chinese floatations on Euronext Markets (IPOs and dual listing). Furthermore, Haitong will endeavor to produce research on companies listed on Euronext markets.

Luis Laginha, CEO of Euronext Lisbon, said: "This MOU will provide our clients with opportunities to create new products in the increasingly important RMB currency, and we look forward to developing a closer partnership with Haitong to enhance Chinese community access to European capital markets."

Jose Maria Ricciardi, CEO of Haitong Bank, said: "Chinese Capital Markets and their dynamism are a key component of the very interesting potential for cross-border financing and investment opportunities. I strongly believe that this MOU between Haitong Bank and Euronext will reinforce our mutual co-operation in meeting the important challenges and opportunities for our clients."

Euronext has already raised RMB 6.5 billion (1.02 billion U.S. dollars) on its markets in 2015, more than doubling the RMB 2.5 billion raised in 2014.

 

[cirr]

China Plans Offshore Wind Power Plants in Northern Jiangsu Province

By: Liu Yuanyuan | renewableenergyworld.com | Posted: 05 Oct 2015, 09:52

Offshore wind farm in shanghai in the east China sea. Credit: Shutterstock

A document recently published by China’s State Council concerning the planned use of the ocean under the country’s territorial jurisdiction indicates that offshore wind power plants are slated to be located and built in the seawater adjacent to the coastal areas of northern Jiangsu province.

Areas specifically cited in the document include those adjacent to the cities of Lianyungang and Yancheng. The specific mention of such a plan in a document issued by the highest administrative authority of the country is a clear signal that the country is serious about developing offshore wind power on a large scale.

Jiangsu province boasts 954 kilometers of coastline and is located in an area rich in wind energy resources. The 6,000 square kilometers of sandy beaches that align the province’s coast account for one fourth of China’s total. In addition, the more than 70 sandbanks lying off the province’s coast are capable of supporting and deploying a wind power capacity of 970 GW. As of 2010, Jiangsu province had already deployed 4.6 GW in offshore wind power capacity, ranking the region first in Asia in that regard. A study indicates that the province is home to 34.7 GW of wind energy resources in total.

The province sits on 21 GW of developable coastal wind power capacity, with 14.7 GW or 70 percent located in and around the city of Yancheng (including 1.7 GW onshore and 13 GW offshore). One of the eight 10 GW wind power facilities planned in China is to be located in Yancheng. Asia’s first 3 MW, 5 MW and 6 MW wind turbines were all manufactured there. The National Center for Research and Development of Offshore Wind Power Technology and Equipment will be completed and put into operation soon, and the National Wind Power Equipment Quality Supervision and Inspection Center is also under construction in the city.

The area running along the coast under the jurisdiction of Yancheng includes 582 kilometers of coastline, and 4,550 square kilometers of sandy beaches, accounting for 75 percent of the province’s total. As of 2011, the city had deployed 700 MW in onshore wind power capacity and initiated 26 wind power projects with an overall investment of 15.2 billion yuan (approx. US$2.4 billion). The city’s new energy industry recorded sales of more than 10 billion yuan (approx. US$1.6 billion) in 2011. At present, Yancheng is pushing ahead with its first four offshore wind power franchise projects, in Binhai, Sheyang, Dafeng and Dongtai counties, as well as the construction of three demonstration offshore wind power plants. The seven projects have a combined capacity of 1.7 GW and direct investment of 30 billion yuan.

Several of China’s energy powerhouses have undertaken wind power projects in the wind resource-rich province, including Sinohydro Group’s 100 MW intertidal-zone wind power project in Rudong county, CGNPC’s offshore project, also in Rudong county, China Three Gorges Corporation’s offshore project in Xiangshui county, China Longyuan Power Group’s 200 MW project in Dafeng county and State Power Investment Corporation’s project in Binhai County, Yancheng, among others.

The coastal wind power sector in northern Jiangsu province still needs to overcome several obstacles in development, including:

• Challenges in anti-corrosion technologies for turbines and protection of facilities from typhoons
• Insufficient support facilities especially the capability of the grid to absorb the increase in generated wind power
• Geographical limitations imposed by the existence of areas allocated strictly for military use, ports, shipping lanes, enclosures of tideland for cultivation and protected zones

As of June 2015, Jiangsu province boasted a clean-energy power capacity of 9.76 GW, including 3.63 GW originating from wind. The province has the most offshore wind power capacity of any province in China.

 

[TaiShang]

China's Tencent joins messaging app Kakao's bid for new South Korean internet bank

PUBLISHED : Thursday, 01 October, 2015, 10:56am
UPDATED : Thursday, 01 October, 2015, 11:00am

• 

Kakao Corp, the operator of South Korea’s largest mobile messaging app, said Tencent Holdings and eBay have joined its bid for a new South Korean internet bank license.

Tencent and eBay will make their investments through subsidiaries, which are expected to take stakes of 4 per cent or less in the bank should a license be gained, a Kakao spokesman said.

He declined to comment on financial terms.

South Korea is expected to grant one or two licenses for Internet banks this year. Kakao’s bid is one of at least three known bids.

An internet bank provides banking and financial services without physical branches.

Tencent launched WeBank, China's first private-sector internet bank, in January, with a pledge to support small businesses that has been seen as a challenge to credit card issuers and other established lenders.

However the bank was straightjacketed by a number of regulatory hurdles that saw it banned from accepting deposits and opening branches.

In July, Tencent said the bank had provided 800 million yuan (US$130 million) worth of micro-loans in the previous two months as it targeted this as its first major business area, according to media reports.

Meanwhile, Chinese e-commerce giant Alibaba became an online financial network by launching a new internet bank in June, two years after it launched a personal wealth fund called Yu'e'bao.

Run by Ant Financial, the group’s financial arm, MyBank was initially offering limited services due to security concerns from Chinese authorities regarding its facial recognition technology, according to media reports.

The new bank is “not for the rich, but for the little guys,” said executive chairman Eric Jing.

Unlike Yu'e'bao's focus on savings, MyBank will channel its energies into loans, including to rural areas in China and micro enterprises, the company said.

Private banks like these compete with a number of Chinese start-ups that offer peer-to-peer (P2P) loans. These include Beijing-based Renrendai; Jimubox, which is backed by Chinese electronics maker Xiaomi, often dubbed "China's Apple"; and Edai, funded by Softbank.

 

[Martian2]

China's nominal GDP growth is 10% per year.

The IMF October WEO (ie. World Economic Outlook) will be released in the next few days. You will notice that China's nominal GDP will increase by about 10%.

 

[TaiShang]

 

[Martian2]

China's purchase of OmniVision makes it world #3 in the CMOS Image Sensor Market

Remember when OmniVision announced its agreement to be purchased by China back in April 2015?
Source (Bloomberg): OmniVision Agrees to $1.9 Billion Sale to Chinese Consortium - Bloomberg Business

This means China will become world #3 in the CMOS Image Sensor Market when the deal closes.

Source (EE Times): Sony to Spin Off Chip Business | EE Times

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OmniVision board agrees China buy-out

 

[cirr]

Industrial restructuring cuts power use, freight volume

chinadaily.com.cn | Posted: 28 Sep 2015, 09:38

High-end drilling equipment being tested at Lanzhou LS Group Co Ltd's industrial park, which was completed in October last year after 16 months of construction, with an investment of 18 billion yuan ($2.9 billion). [Photo/China Daily]

BEIJING - China's industrial restructuring has helped cut electricity consumption and freight transportation, while the economy has maintained a medium-to-high growth rate in the first six months, said Zhang Xiaoqiang, executive deputy director of China Center for International Economic Exchanges.

Zhang admitted that there were some doubts about China's economic growth rate in the first half (H1), as two key indicators of economic growth, namely power consumption and freight volume, dropped remarkably.

China's GDP expanded 7 percent in the first six months this year from the same period last year, slightly down from 7.4 percent in 2014.

Power consumption, however, only expanded 1.3 percent in the first six months, sharply lower than 5.3 percent posted last year. Freight volume expanded 4.2 percent, down from 7.5 percent last year.

The industrial sector grew at a slower pace in H1, while the service sector has become a major engine for the economic growth, said Zhang, adding that the industrial sector consumes more energy per unit of GDP than the service sector.

In freight transportation, China's coal, steel and cement industries have been subject to restructuring and, thus, their output has dropped, leading to slowdown in growth, he said.

The discrepancy between economic growth and the two key indicators's growth in the first six months did not fit with previous patterns, but industrial restructuring is a new factor, and should be taken into account when analyzing the new situation, he said.

 

[cirr]

China aims to throw more support behind electric vehicles

hydrogenfuelnews.com | Posted: 08 Oct 2015, 11:56

The Chinese government intends to speed up the construction of a national network designed to charge electric vehicles. The country has become more supportive of clean transportation in recent years, looking to reduce the emissions found in its largest cities. These emissions have been linked with serious health concerns and several cities have begun taking steps to limit the number of conventional vehicles on their roads and support clean vehicles. The Chinese government wants to see 5 million clean vehicles on the country’s roads by 2020, but the country will need a comprehensive infrastructure in order to accomplish this goal.

More charging stations may make electric vehicles more attractive to consumers

A relatively small number of electric charging stations has slowed the adoption of clean vehicles in China, just as it has done in other countries. China has made some progress in solving this issue, but this progress may be going to slow for the country’s clean transportation plans. According to China’s National Energy Administration, however, suggests that there has been a lack of coordination in the development of a comprehensive infrastructure that can support electric vehicles. As such, the country is still lacking the number of charging stations needed for clean vehicles to be attractive to consumers.

Public car parks will have their own charging stations

The Chinese government plans to issue an outline that will provide guidance in the development of a charging infrastructure. One of the details about the plan that the government has revealed is that it aims to ensure that at least one in ten public car park facilities have electric charging stations. This is expected to make clean vehicles more popular among consumers, especially when combined with tax cuts provided by the government to make these vehicles more attractive.

Fuel cell vehicles are gaining more attention in China

China is quickly becoming a prominent clean transportation market, with many automakers planning on bringing more of their electric vehicles to the country. Fuel cell vehicles, in particular, have begun gaining traction in China, but the country lacks a hydrogen fuel infrastructure to make these vehicles commercially viable.

 

[JSCh]

China to build chargers to power 5 mln electric cars
Xinhua, October 9, 2015

China announced plans on Friday to build a nationwide charging-station network that will fulfil the power demands of 5 million electric vehicles by 2020.

The network will cover residential areas, business districts, public space and inter-city highways, according to a guideline released by the State Council, China's cabinet.

New residential complexes should build charging points or assign space for them, while public parking lots should have no less than 10 percent of parking spaces with charging facilities. There should be at least one public charging station for every 2,000 NEVs, the guideline said.

To finance the project, the government will encourage private investment, allow charger manufacturers to issue corporate bonds, and seek investment from pension funds.

Following the announcement, shares in charging companies were favored by investors during Friday's morning session. Shenzhen Auto Electric Power Plant Co., rose 0.95 percent to 33.87 yuan (5.33 U.S. dollars).

China has rolled out subsidies and tax cuts to promote NEVs, cut emissions and save energy. The sector has seen explosive growth in the past two years.

In the first eight months of 2015, NEV sales surged 270 percent to 108,654, according to the China Association of Automobile Manufacturers.

 

[cirr]

Infineon to Spend $300 Million on Second Factory in East China

Stefan Nicola

October 8, 2015 — 6:48 AM EDT

Infineon Technologies AG is investing $300 million in its second factory in eastern China, defying concerns about slowing Chinese growth as the German chipmaker seeks to get closer to its Asian customers.

The company plans to complete its second plant in Wuxi, near Shanghai, at the end of next year. It plans to hire about 2,500 workers, the Neubiberg-based company said Thursday. Infineon made about 20 percent of its sales in China in 2014, and its Asian customers include LG Electronics Inc. and Samsung Electronics Co., according to data compiled by Bloomberg.

Infineon entered China two decades ago and it employs 1,900 people in the country, producing chips used in automotive, industrial, power management and security applications. China buys more than half the semiconductors sold each year, and in 2013 the nation spent more money on chip imports than on oil, according to Sanford C. Bernstein.

The investment “highlights Infineon’s confidence in the continuous opportunities of the Chinese market,” Chief Executive Officer Reinhard Ploss said in a statement.

Besides Wuxi, Infineon also owns a small manufacturing site in Beijing.

Infineon to Spend $300 Million on Second Factory in East China - Bloomberg Business

 

[ahojunk]

Markets gain confidence in renminbi, report says
2015-10-09 15:05 | chinadaily.com.cn | Editor: Mo Hong'e

Investors appear to be gaining confidence in China's efforts to give markets a greater role in determining the renminbi's value, reported The Wall Street Journal.

The central government has spent less to defend the value of the renminbi in recent weeks than it did in the days immediately after its slump, while allowing the currency to flow more freely across borders, the newspaper said.

On Thursday, the yuan rose to its strongest level since it depreciated in early August and traded at 6.3515 per US dollar on the mainland in late Asian trading, according to the newspaper. The quote was in line with its daily fixing rate set by the central bank.

Currently, Chinese banks can trade yuan on the foreign exchange spot market at 2 percent above or below the central parity rate against the US dollar, as the People's Bank of China lifted the daily trading band from 1 percent in March 2014.

Economists expect such trading band will soon be expanded to 3 percent after the State Council promised a more flexible exchange rate.

Investors are now beginning to believe the renminbi will actually stabilize, said Cynthia Wong, head of emerging Asia trading in Hong Kong and Singapore at Société Générale, to Wall Street Journal.

The central bank has continued to intervene in the offshore market and in the domestic currency forwards markets, but not to the same extent as it did in August, the newspaper said, quoting traders.

China's Cross-Border Interbank Payment System was launched in Shanghai on Thursday, designed as an "expressway" to facilitate the yuan's use in international trade and investment.

The system serves as a global clearing platform for real-time settlement in the currency, connecting China with most offshore renminbi centers.

The launch came as the central bank also announced China has adopted International Monetary Fund rules that will result in prompt availability of the country's comprehensive statistics reports and also help improve the quality of its macroeconomic policies.

The yuan overtook the Japanese yen to become the world's fourth-largest payment currency in August, accounting for 2.79 percent of international payments, according to global transaction service provider SWIFT.

 

[TaiShang]

Infineon to expand China investment: report
Published: 2015-10-10 15:54:35


Infineon Technologies AG, Germany's largest and Europe's second-largest semiconductor producer, plans to increase investment in China, China Daily reported on Saturday.

The company has revealed plans to build a second factory in Wuxi of China's eastern Jiangsu Province, at a cost of nearly 300 million US dollars to accelerate its smart-manufacturing capability in China.

The report quoted Reinhard Ploss, its chief executive officer, as saying that the facility could create around 2,500 jobs once production is at full tilt and the country's "Made in China 2025" strategy provides the firm with considerably more design and manufacturing opportunities.

Ploss said in the 2014 fiscal year, China accounted for 20 percent of Infineon's total revenue, which made it its most important sales market, even ahead of Germany.

The company, whose products are widely used in bank cards and passports in China, expects the facility to be completed by the end of 2016, and cover an area of 36,000 square meters.

Frankfurt Stock Exchange-listed Infineon launched its first factory in China, in Wuxi in 1995, and now employs more than 1,800 Chinese workers.

 

[Martian2]

China's September 2015 trade surplus is $59.4 billion

China posts record trade surplus, exports stabilise | FT

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China's September 2015 trade surplus is $60.3 billion | CNBC

Source (CNBC): Nikkei, ASX set to decline; BOJ minutes, China trade eyed

The slight difference in China's merchandise trade surplus is due to whether you are using the average exchange rate for the year or the current exchange rate. Both methods are widely accepted as reasonable.