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China's and Taiwan's foreign exchange reserves do not include gold.

Look at the latest list of foreign exchange reserves published in The Economist. The asterisk at the bottom of the chart contains an interesting note. China's and Taiwan's foreign exchange reserve figures do not include gold. This means the actual foreign exchange reserves for China and Taiwan are higher than the published figures.

http://www.economist.com/news/markets-and-data/21684853-foreign-reserves

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China's gold reserves are worth about $60 billion.

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Altogether, when you add China's foreign exchange reserves and its separate gold reserves, China has a total of $3.5 trillion.
 
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Thanks
Leave the pathetic comment above yours alone

I am seeing the movie to be a high grossing box office project and a contribution to our film industry which is bursting at the seams so to speak

'

It can, in fact, be considered a news of economic nature, as @Martian2 says, because movie industry can be a serious cash maker. Indigenization of the movie industry and creation of national champions that tell China's story in China's way and for China's interests is a significant move. Hence, any box-office smashing movie news is by essence an economic news.

I did not get why our Indian friend took issue with this.
 
Nubia to receive $297m cash investment fromSuning

By Liu Zheng (chinadaily.com.cn)

Updated: 2015-12-31 11:00

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Nubia smartphones are on display during PT/EXPO CHINA 2015 in Beijing, China, September 22 2015. [Photo/IC]


Chinese smartphone maker Nubia Technology Ltd, a subsidiary of ZTE Corporation, announced on Thursday a proposal to enlarge its share capital and bring in Suning Rundong, backed by domestic retailer Suning Holdings Group Ltd.

According to the announcement, ZTE, Yingcai Investment, Nubia and Suning Rundong entered into the agreement in relation to the capital increase and strategic investment in NubiaTechnology Ltd on December 30, 2015, pursuant to which Suning Rundong will subscribe for the capital increase of Nubia with investment of 1.93 billion yuan ($297 million) in cash.

Upon completion of the capital increase, ZTE, Yingcai Investment and Suning Rundong will hold 60 percent, 6.67 percent and 33.33 percent equity interests in Nubia, respectively.

"The investment will become a strategic source of fund for the future development of thecompay and it will also raise the brand’s reputation and stimulate consumers' brand awareness,"according to local media reports, citing from the directorate of Nubia.

The handset brand that has been used by Chinese First Lady Peng Liyuan unveiled a series of upgraded smartphones in October to mark three-year anniversary of the company's establishment.

One of the devices, Nubia Z9 Mini Elite, has been upgraded with new biometric authentication--eye pattern recognition, the same technology embedded on ZTE's latest flagship Axon. The tech debuted in March by ZTE at the Mobile World Congress 2015 in Barcelona.

According to Xinhua News Agency, since the start of its birth in 2012, Nubia was conceived as an international brand. Its first product was designed by Italian Stefano Giovannoni and productlaunch events were held in both Russia and Sweden.

"Chinese smartphone makers face great challenges in overseas market as intellectual property rights are imposed," said Ni.

According to Ni, the intellectual property rights and patents are shared by both ZTE and Nubia, and the company's overseas marketing strategy will follow three steps.

European countries, such as Germany and France, will be the company's first target market since the previous parent company -- ZTE has achieved mature business to consumers (B2C) promotion and distribution channels in these countries. Overseas markets such as South EastAsia, North America and Latin America will follow Europe.

ZTE Nubia Z9 handsets were launched in India in May, and the Nubia "MyPrague" series was unveiled in Prague, the Czech Republic, in July.

Currently, Nubia phones are available in the United States, Russia, India, the Czech Republic and Spain through cooperation with Amazon and domestic e-commerce gaint JD.com.

china ZTE nubia suning - Yahoo Search Results
 
China to merge two shipping companies in reform push

December 30, 2015 2:25 AM

China is to combine two of its state-owned shipping giants, Sinotrans & CSC Holdings Co. with China Merchants Group, the companies said (AFP Photo/)

China will combine two of its state-owned shipping giants, the companies said, the sector's second multi-billion-dollar merger in a month as the government pushes consolidation of its nationalised enterprises.

Sinotrans & CSC Holdings Co., the nation's third largest shipping company, will become a wholly-owned subsidiary of China Merchants Group (CMG), a conglomerate with interests in transport, finance and property, according to company statements.

Both are among the more than 100 state-owned companies which report directly to the central government, though Sinotrans will no longer do so after the restructuring, said the State-owned Assets Supervision and Administration Commission, which oversees them.

Earlier in December, China approved the merger of another two of its biggest state-owned shipping companies, China Ocean Shipping Group (Cosco) and China Shipping Group.

The moves follow China's release in September of broad reform guidelines for state-owned companies aimed at making them more competitive internationally.

The latest merger will help the companies to build "the world's best company to compete globally", CMG said in its statement late Tuesday.

Sinotrans has assets of more than 100 billion yuan ($15 billion), while China Merchants holds assets of 624 billion yuan, the Xinhua news agency reported.

On Wednesday afternoon, CMG's transport arm China Merchants Holdings (International) was down 1.20 percent in Hong Kong.

Logistics provider Sinotrans Ltd. fell 1.41 percent but another unit, Sinotrans Shipping, gained 2.67 percent, both in Hong Kong.

China, the world's second-largest economy, is overhauling its dominant state-owned sectors to make them more efficient as it grapples with stalling growth.

Beijing has already merged its top two train makers -- China CNR Corp and CSR Corp -- into a single conglomerate, aiming to avoid competition between the two as China vies for lucrative rail contracts overseas against industry giants such as Germany's Siemens and Bombardier of Canada.

China to merge two shipping companies in reform push - Yahoo News
 
Six-company foreign consortium wins bid for implementing SEZ in Myanmar
2015-12-30 21:29:45

NAY PYI TAW, Dec. 30 (Xinhua) -- Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China's CITIC, has won the bid for implementing two projects of the country's newly planned special economic zone (SEZ) in Kyaukphyu, western Rakhine state.

The transnational consortium involves five Chinese and one Thai firms.

The announcement for construction and operation of industrial park and deep sea port projects of the Kyaukphyu SEZ was made by Myanmar's Kyaukphyu SEZ Bidding Evaluation and Awarding Committee (BEAC) following the approval by the government cabinet and parliament.

The CITIC Consortium also comprises Thailand Charoen Pokphand Group Company Limited (CP Group), China Harbor Engineering Company Ltd. (CHEC), China Merchants Holdings (International) Co. LTD(CMHI), TEDA Investment Holding(TEDA) and Yunnan Construction Engineering Group(YNJG).

The CITIC Consortium formed the project joint ventures together with Myanmar local enterprises for the construction and operation of the two projects which will be implemented under the framework of the "Myanmar Special Economic Zone Law" promulgated by Myanmar government in 2014.

Consulted by Singapore JURONG and PwC, CITIC Consortium participated in the bidding and submitted the proposals.

The Industrial Park project, which covers an area about 1,000 hectares, is to be built in three phases with commencement of construction in February 2016.

The Industrial Park will include technology and capital-intensive industries and labor-intensive industries such as textiles and garments, construction materials processing industries, food processing industries, and marine supply as well as services industries.

The Deep Sea Port project consists of the MADE Island Terminal and YANBYE Island Terminal, totally with 10 berths. In addition, it also includes the road and bridge connecting the Industrial Park and Deep Sea Port. The Deep Sea Port Project will be constructed in four phases within 20 years.

After the completion of the project, the expected annual capacity of the Deep Sea Port will be 7.8 million tons of bulk cargo and 4.9 million TEU containers. With the increased container throughput, the Deep Sea Port may update to the complete container terminals, with the annual capacity of 7 million TEU containers.

The development of Kyaukphyu Industrial Park and Deep Sea Port projects will promote the economy and society development of Myanmar and improve the local people's employment and livelihood, said CITIC Consortium, adding that more than 100,000 new jobs will be created for local people every year.

By the year of 2025, 90 percent of the project managers' positions would be undertaken by local people. Once in full operation, the two projects will bring approximately 10 billion U.S. dollars in annual GDP growth for Myanmar.

According to the plan, during the whole concession period, Myanmar government will accumulatively receive 15 billion U.S. dollars of tax revenue from the two projects. When the concession period is expired, both projects will be handed over to the Myanmar government.

Editor: xuxin​
 
IMF: China will still be the largest growing economy in 2016

Look at the IMF nominal GDP projections for 2016. China will still be the largest growing economy. The Chinese economy will grow by about $900 billion.

Keep in mind that China's nominal GDP is missing $1 trillion from the official data. China is still using the antiquated 1993 SNA accounting standard. Everybody else is using the more modern SNA 2008.

The exciting event will occur in 2020. When China's currency is allowed to freely float, the traders will decide its real value.

For 2016, China should accumulate a trade surplus around $750 billion (due to the low price of oil). Between 2015-2020, China would have accumulated trillions of dollars in trade surpluses. This will affect the value of the Chinese currency. We should see a spike in China's 2020 nominal GDP.

World Economic Outlook Database October 2015
Report for Selected Countries and Subjects

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CRRC Corp bags Noida Metro Order for supply of 76 Coaches
5 Jan, 2016

Noida: The financial bidding for the supply of rakes for the Noida-Greater Noida Metro project was finalised in New Delhi on Monday where Chinese state-owned rolling stock manufacturer CRRC Corporation Limited emerged the lowest (L1) bidder for the supply of 76 coaches for the 29.9-km Noida Metro Rail corridor.

The financial bid will be further evaluated by DMRC and the tender is expected to be awarded by the end of the month, officials said. Once the contract is awarded, each Metro car could come at about Rs 11 crore, inclusive of taxes and duties.

According to DMRC officials, three firms including Alstom, a French multinational company operating in the worldwide rail transport markets, Bharat Earth Movers Limited (BEML) and CRRC Corporation Limited were in the race for bagging the Rs 860 crore order for the rolling stock.

“CRRC Corporation has bid much lower than the estimated price. The bid will now be evaluated and the tender will be awarded by the end of the month,” a DMRC official told. The selected company will be responsible for the design, manufacture and commissioning of the cars. The procurement of these cars will be funded by the Noida Metro Rail Corporation (NMRC).

The delivery of trains will be done in about 76 weeks or earlier, officials said. The trains will have four coaches each as against the earlier plan of three-coach trains. Officials said the number of cars has been increased following DMRC experience and study of traffic patterns.

The official added, “19 trains will run between Noida and Greater Noida at a frequency of 10 minutes initially and five minutes during peak hours. As regards peak directional traffic load, the frequency will be tweaked to address commuter traffic.”

With a capacity of carrying 300 passengers in each coach, every Noida-Greater Noida 4-car train will be able to accommodate 1,200 passengers and at every 5 minute frequency about 15,000 commuters will be ferried. The DMRC can also increase the rolling stock to six-car trains in the future.

CRRC Corp bags Noida Metro Order for supply of 76 Coaches | RailNews Media India Ltd
 

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Chinese aircraft maker HAIG sells planes to Russia

Xinhua, December 7, 2015
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Chinese made aircraft Y12-E as a new plane for Nepal Airlines Corporation (NAC) lands at Tribhuvan International Airport in Kathmandu, Nepal, Nov. 3, 2014. [Xinhua]

A Chinese aircraft manufacturer, the Harbin Aircraft Industry Group (HAIG), announced on Monday that it has signed a contract to sell 15 Y-12E aircraft to a Russian company, HAIG announced on Monday.

The company, a subsidiary of the Aviation Industry Corporation of China (AVIC), said it signed the contract with Fly AVIA FZE, which provides aviation equipment, repairs and after-sales services for the Russian market.

The aircraft will be delivered in 2017 and the contract is worth an estimated total of 550 million yuan (about 87.3 million U.S. dollars), according to the statement.

The short-haul Y-12 series aircraft are used mainly for passenger and cargo transport, geological exploration, ocean monitoring and agriculture.

It has obtained certification in more than ten countries including Russia, the United States, France and the United Kingdom.

Follow China.org.cn on Twitter and Facebook to join the conversation.

Chinese aircraft maker HAIG sells planes to Russia - China.org.cn

Source: Chinese Y-12F, Advanced Turboprop Aircraft Type Certified

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Foreign investment in China hits record in 2015
English.news.cn 2016-01-05 19:44:38

BEIJING, Jan. 5 (Xinhua) -- Foreign investment in China reached a record 126 billion U.S. dollars in 2015, according to new official data.

In the first 11 months of the year, China took in 114 billion U.S. dollars in non-financial investment, up 7.9 percent year on year, the Ministry of Commerce (MOC) said in a statement on Tuesday.

Nearly 24,000 foreign-funded enterprises were founded in the first 11 months, 11 percent more than in the same period of 2014.

Guided by the Chinese government, an increasing amount of foreign capital flowed to the service sector and advanced manufacturing, according to the statement.

Investment from major countries kept stable in 2015 and China's free trade zones with preferential policies were major factors in the foreign capital inflow.

"Foreign investment increased at a relatively fast speed with improving quality against the background of a fierce global fight for capital and persistent downward pressure," said the MOC.

In 2014, China took in 119.6 billion U.S. dollars in non-financial foreign investment, overtaking the United States for the first time as the world's largest foreign investment receiver.
 
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185 orders signed for MA-700 aircraft

By Zhao Lei In Xi'an (China Daily)Updated: 2015-08-19 07:45
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China's national aircraft manufacturer has received orders for 185 MA-700s from 11 domestic and foreign buyers.

At a ceremony in Xi'an on Tuesday, executives from Aviation Industry Corp of China signed contracts on the sales with six Chinese buyers, including Joy Air and Poly Technologies, and five foreign companies, including a Nepalese airline and South Africa's Segers Aero.

"We plan to use the MA-700 series to take at least one-third of the global market for turboprop airliners within 10 years of deliveries starting," said Dong Jianhong, chief designer of the airliner.

The MA-700 is a next-generation regional airliner that is under development by AVIC, the nation's largest aircraft manufacturer.

The company, which declined to put a value on the orders, launched the development of the MA-700 in December 2013, aiming to use the advanced aircraft to replace the MA-60 and others that date to the 1990s.

The plane will make its maiden flight in 2017 and is set to be delivered to buyers in 2019, according to an AVIC statement. The 86-passenger aircraft will have a top flight range of 2,700 km and a maximum cruise speed of 637 k/ph.

Aircraft designer Dong said AVIC will apply for airworthiness certification from the United States' Federal Aviation Administration and the European Aviation Safety Agency so that the plane can enter the Western market.

"Compared with its competitors, the MA-700 has better operational economy, a more comfortable cabin environment as well as a number of greener design elements," Dong said, noting the aircraft will have the most advanced flight control system, known as fly-by-wire technology, which will be the first time it has been used on a turboprop aircraft.

The MA-700's major rivals in the international market will be the European ATR 72 series and the Bombardier Q400 series from Canada.

AVIC estimates that the global aviation market will need at least 2,900 turboprop regional airliners in the next 20 years, of which China will need nearly 350.

Geng Ruguang, deputy general manager of AVIC, said the MA-700 features good adaptability to poor-condition airports and is able to take off and land on short runways.

It is suitable for operations on plateaus or in places with high temperatures, so will suit China's western regions, high-altitude areas in Latin America and tropical areas in Southeast Asia and Africa.

zhaolei@chinadaily.com.cn

新舟700获国内外185架订单 预计2019年交付
军事要闻中国新闻网[微博]2015-08-18 14:15


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资料图:新舟700模拟舱

原标题:新舟700获国内外185架订单 预计2019年交付

8月18日,中国航空工业集团公司在西安阎良举行新舟700飞机市场启动发布会。宣布新型涡桨支线飞机(“新舟”700)项目市场工作全面启动,并与奥凯航空、幸福航空、巴戎航空、国银租赁、招银租赁、重庆通航融资租赁、保利科技、Air Avenues(尼泊尔)、EGA集团(巴林)、Hybrid Aviation(巴基斯坦)、Segers Aero(南非)等11家客户共签订了185架订单。这是继2013年12月19日正式宣布该项目全面启动研制工作以来又一重大里程碑,标志着新舟700飞机研制即将转入工程发展。随着新舟700的推向市场,中国民用飞机“一干两支”谱系羽翼渐丰。

作为70座级的新一代涡桨支线飞机,新舟700飞机采用了高效气动力设计、电传操纵和综合模块化航电系统等支线飞机先进技术,实现速度与经济性的完美的平衡,将成为最适合短航线运营的支线飞机。项目启动以来,已圆满完成飞机的概念定义和顶层设计工作,飞机设计方案和设计参数已经冻结,飞机研制即将转入工程发展的全新阶段。按照预期,新舟700飞机将于2016年完成部装、2017年总装下线并首飞,2019年完成适航取证并开始交付用户。

市场启动会上,项目行政总指挥、中航工业副总经理耿汝光向客户和媒体宣布新舟700飞机正式推向市场。耿汝光表示,新舟700飞机的研制工作正在按计划顺利推进。新舟700是基于开放平台上研制的国际化产品,借鉴了全球最先进的民机研制理念和技术,发挥中航工业的行业技术优势,广泛汇集了国际上优秀的供应商资源。中航工业将以产品的高品质致力于为客户创造更大的价值,并通过其良好的市场竞争力,实现项目的技术成功和商业成功。

项目总设计师董建鸿以及与作为供应商代表的加拿大普惠公司和罗克韦尔柯林斯公司代表分别做了讲解,在对产品特点和优越性进行介绍的同时,都从不同角度对新舟700项目良好的发展前景表示出了极大的信心。

在宣布市场启动的同时即获得185架订单成为启动会上的一大亮点。奥凯航空、幸福航空、巴戎航空、国银租赁、招银租赁、重庆通航融资租赁、保利科技、Air Avenues(尼泊尔)、EGA集团(巴林)、Hybrid Aviation(巴基斯坦)、Segers Aero(南非)等新舟系列飞机新老用户签署了总计185架订单。大量订单的签约表明了用户对新舟700飞机运营能力的充分信任以及良好的市场前景的信心与期待。

国家发改委、工信部、民航局、陕西省政府等政府部门出席了启动会。中国国际航空、中国南方航空、中国东方航空、海南航空、四川航空、春秋航空、河北航空、华夏航空、香港航空、加拿大First Air、老挝航空、工银租赁、农银租赁、交银租赁、民生租赁、中航租赁、南山租赁、前海中成租赁来等来自全球的多家航空公司和租赁公司参加了启动仪式并对新舟700飞机表现出浓厚兴趣。工商银行、农业银行、凌云集团、江苏宝利国际、西安高新风投等合作伙伴也在会上表示要全力支持新舟700项目发展。

新舟700飞机市场启动并签订大批量启动订单,航空公司、金融机构、政府部门等共同介入到项目的研制之中,为国产支线飞机事业提供技术、市场、资金和政策支持,国产民机发展新模式呼之欲出,引领新舟700飞机由研制成功走向商业成功。

随着项目进入工程发展阶段,中航工业将按照计划推进新舟700飞机研制,确保新舟700飞机按时交付客户投入运营,为国产支线航空事业再添动力。

新舟700飞机自2013年12月开始启动研制,主要定位于承担800公里以内中等运量市场的区域航空运输业务。作为70座级新一代涡桨支线飞机,新舟700飞机新的高升力、高气动效率机翼,低成本、长寿命机体,低耗油率的涡桨推进系统,高度综合化的数字化驾驶舱和高安全性的将实现中短程航空运输速度与经济性的完美平衡,将与C919、ARJ21国产民机共同构成“一干两支”的中国民用飞机谱系,为推动我国从航空工业大国向航空工业强国的历史转变增添新力量。

新舟700飞机的研制,坚持从市场研究出发,进行了涡桨支线飞机的全球调研,开展了宏观经济对航空运输市场的影响性分析、涡桨飞机机队现状分析、涡桨飞机市场发展分析以及涡扇支线飞机对涡桨飞机市场冲击分析等研究工作,完成了对全球最具影响力的一百多家运营商、租赁商和金融机构的面对面采访或电话或信函采访,积累了详实的市场数据和相关信息,并将市场调研成果转化为技术指标并导入总体设计方案中,最终确定了新舟700飞机的飞行运载性能、经济性、舒适性等各方面的设计方案。从产品定位上来看,新舟700飞机能够满足绝大多数客户的运营需求。

航空航天装备是“中国制造2025”的重点发展领域。新舟700飞机属于国家《民用航空工业中长期发展规划》的“一干两支”的战略性产品。同时,国家“一带一路”发展战略、新型城镇化和民航局提出的基础航空服务计划,迫切需要解决经济和交通不发达地区旅客出行的问题,给新舟700飞机带来了巨大的机遇。在新舟700的研制中,设计人员将考虑的重点放在满足速度、经济性、频繁起降和快速周转上面,并很好第解决了这些要素之间的权衡,满足了为中小城镇旅客提供快速、随到随走的高频度支线航空服务的需求。

同时,在新舟700飞机研制过程中,中航飞机始终将产品研发作为推进智能制造的重要突破点。通过将新一代信息技术与研发、制造、服务模式等深度融合,实现资源和能力的优化配置。支线飞机协同开发云制造,成为了2015年国家智能制造试点示范项目。返回腾讯网首页>>

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China's yuan to stay stable despite speculating forces: PBOC

BEIJING - China's central bank is capable of keeping the yuan "basically stable at a reasonable equilibrium level" in spite of "speculating forces," according to an editorial on the bank's website Thursday.
The reassurance, made by the People's Bank of China (PBOC), came as the currency's central parity rate lost 332 basis points to 6.5646 against the US dollar on Thursday, the lowest level since March 18, 2011, data from the China Foreign Exchange Trading System showed.

The renminbi's exchange rate is supposed to go along with market forces, which should be the demand and supply of foreign exchanges based on the real economy, instead of speculating forces using excessive leverage, the editorial said.

"Some forces attempt to make profit from speculating on the renminbi. This kind of trading is unrelated to the demand of the real economy and does not reflect the real market demand and supply, which only leads to abnormal fluctuations in the yuan's exchange rates and sends the wrong signals to the market," it said.

"Faced with the speculating forces, the central bank has the capabilities to keep the yuan basically stable at an reasonable equilibrium level," it added.

The renminbi will go with changes of demand and supply in the market, and its exchange rates will change in both directions, it said.

In addition to the central bank's determination to keep the yuan stable, the conditions are there for the currency to stay basically stable, said the article, citing the steady overall economy.

"Even as China's export growth declined in 2015, the share of the country's export in the global total has still increased. There is no necessity for China to stimulate export and stabilize growth through competitive currency depreciation," it said.

The central bank foresees "some uncertainty" concerning the exchange rates of the US dollar in the following period, and the impact of the US Fed's interest rate hike has largely digested by the market.

The central bank pointed to the fundamentals of China's economy as a long-term factor that will prop up the renminbi.

There is no foundation for the yuan's continuous depreciation and it remains a strong currency among international reserve currencies, it added.

China's yuan to stay stable despite speculating forces: PBOC - Business - Chinadaily.com.cn
 
Huawei signs 15GW deal with China Minsheng New Energy

By John Parnell

Jan 05, 2016 11:29 AM GMT

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A smart PV install at an agricultural site in Mongolia. Source: Huawei.

Huawei will provide China Minsheng New Energy with 15GW of its smart PV systems over the next five years.

The pair agreed the deal at the tail end of 2015 with Huawei agreeing to provide PV controllers, wireless broadband and PV management. China Minsheng has committed to investing RMB150-200 billion (US$23.0-30.7 billion) into solar during the next five years.

China Minsheng plans to invest 30% in the building and operation in ground-mounted plants, 40% in distributed PV projects and 30% investment in developing PV technologies. The deal also includes the establishment of a joint innovation centre.

Huawei’s FusionSolar system will now also use Powerway’s tracking systems. Benson Wu, CEO of Powerway, said the traditional PV industry was transitioning “into the smart and digital world so that the management and operation of the PV systems becomes simple and adept”.

Huawei claims that its use of cloud computing and big data mining will “become the industry-leading example of automatic O&M smart PV plants”.

The deal follows an agreement signed last month between Huawei, China Merchants New Energy Group (CMNE), China General Nuclear Power Group (CGN) Europe Energy at the COP21 climate talks in Paris. The trio will invest in, construct and operate 2GW of plants in Europe. Huawei told PV Tech that the projects would principally be in Germany, Italy, France and the UK.

Huawei signs 15GW deal with China Minsheng New Energy | PV-Tech
 
Taiwan's 2015 trade surplus is $51.56 billion. Why it matters.

For 2015, Taiwan earned a trade surplus of $51.56 billion (see first citation below). This is important, because Taiwan is the unofficial research and development lab for mainland China.

On December 7 2015, "TSMC, the world's largest contract chipmaker, said the Nanjing plant will begin turning out 16nm chips made from 12-inch wafers in the second half of 2018. Such chips are currently being used in the latest Apple iPhones." (see second citation below)

Taiwan's KMT government has said it will give TSMC a decision within two months on its proposed plant in Nanjing, China. The KMT government is business-friendly and approval is likely.

Since China's SMIC is currently producing only at 28nm, TSMC's 16nm technology will be a significant upgrade to mainland Chinese semiconductor fabrication technology.
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Taiwan sees exports slide for 11th consecutive month | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

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The 'godfather' of Taiwan's chip industry lets it ride at TSMC - Nikkei Asian Review

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