China Economy Forum

[eachus]

thanks, your correction. Superconduction application is very useful.

on the second machine. gear production has number of methods, slicing machine can make the cost lower and may reduce time of manufacture(only on limited scales), if in mass production, slicing machine is not a good solution --- very inefficient. In ten years ago, slicing technology was used to produce complicate parts and prototypes. complicate dimension parts mostly impossible to produce by traditional methods, even some method can do, but can not produce in accurate dimensions. slicing machine is something to make complicate simple, to produce numbers of 2-D element products to generate 3-D products.


Wind turbines and electrical generators do not fit this slicing machine.
small electrical generators are low cost products, must be produced in mass scales, anything out from this machine is not cheap, take hours or a day each. large electrical generators is huge parts weight in dozen tons, too big to slice. there are number production methods for gears to choose, why slice? same thing in Wind turbines.

 

[cirr]

9 Jul, 2012

China's inflation rate slows to 2.2% in June

China's inflation rate slows to 2.2% in June - The Economic Times

BEIJING: China's inflation rate slowed to 2.2 percent in June, official data showed Monday, giving the government further room to move as it seeks to reignite growth in the world's second biggest economy.

The country's consumer price index ( CPI) rose by 2.2 percent year-on-year in June, the National Bureau of Statistics said, which was the lowest rate since the start of 2010 according to previously released figures.

The inflation rate for the first half of 2012 was 3.3 percent, the bureau said.

Economists predicted inflation would likely fall further this year.

China's producer price index, an advance indicator of future inflation, fell 2.1 percent in June from the same month a year earlier, data from the bureau showed.

Food prices, which have been a key component of rising prices in China since early 2010, were up 3.8 percent in June, the bureau said, while non-food prices rose 1.4 percent.

Inflationary pressures have hounded China since the start of 2010, although they have dropped in recent months alongside a general slowing in the economy.

This has given the government some flexibility in trying to reboot growth, and the central bank last week cut interest rates for the second time in a month.

Chinese Premier Wen Jiabao on Sunday called for more aggressive moves to keep growth on track.

"Currently, China's economy is generally stable, but downward pressure is still relatively big," the official Xinhua news agency quoted Wen as telling a government meeting in the eastern city of Nanjing.

"We must take further steps to increase the strength of pre-emptive fine-tuning," he said, referring to economic policy.

China's economy grew an annual 8.1 percent in the first quarter of 2012 -- its slowest pace in nearly three years. The government will release the gross domestic product figure for the second quarter on Friday.

The government early this year set an annual economic growth target of 7.5 percent, down from expansion of 9.2 percent last year and 10.4 percent in 2010.

 

[sweetgrape]

China’s Victory-X jack-up drilling platform innitiates new model
China’s Victory-X jack-up drilling platform innitiates new model

2012-07-09 — Shengli Oilfield is the first sea oil recovery onshore oilfield. From the November 1978 victory-I platform into the water, the Shengli Oilfield has the acquisition and construction of nine drilling platform at home and abroad. But the original offshore drilling platform, the aging, a serious shortage of operating depth of 35 m above the platform. One platform to remove retired in 1992,

China Sinopec Shengli Petroleum Administration a total of eight drilling platforms. Among them, the victory II and III platform is built in the country, the remaining six platforms are from abroad. These platforms, the service time has been 20 years, the longest over 30 years.

Renovation in the 10th Five-Year “period, although the China Petrochemical Corporation has spent a lot of drilling platforms, but the aging of the platform structure of the problem still exists, especially the problem of aging have become increasingly prominent self-elevating drilling platform lifting device and platform operations force area rack by the involute into a “wedge”, the security risks in the drilling and production. To ease the offshore oil dilemma, drilling hospital organization researchers launched a “Victory-X jack-up drilling platform” since the jack-up drilling platform development of research.

Unremitting efforts in the development of the project team victory on Victory-X platform, the successful design of the maximum operating depth of the cylindrical leg jack-up drilling platforms, the maximum operating depth of 50 m, forming a cylindrical pile of shallow sea legs since a new model of jack-up drilling platform.

Compared with the original platform, Victory-X platform can move 12 meters from the derrick center longitudinal, lateral move to 3.6 m; drag the form of state-of-the-art drilling equipment, all drilling equipment using 12-pulse AC drives easy maintenance, simple operation, the power grid pollution; most powerful lifting capacity, carrying 1000 tons of active load case, the platform lift; adequate reserve buoyancy platform towage shift more secure, stable.

Victory-X platform’s main box structure, the planar shape close to triangular. Platform leg cylindrical leg, each leg has a lifting devices, lifting devices and hull connections and fixed, the leg and hull support to a certain height. Lifting devices using the power rack and pinion jacking system.

Victory-X platform can be used in Bohai Bay, depth 4.5 m -50 m (including astronomical tide and storm surges) within the sediment quality or muddy waters 7000 meters (114 mm diameter drill pipe) depth oil drilling platform in a bit case, the same location up to the drilling of 30 wells (well spacing of 1.5 m) and the original platform was only nine. Maximum operating depth of up to 50 meters, Capacity 90 people, and the design life of 20 years, self-sustaining capacity at sea 20 days.

Project team first developed and equipped with a jack-up drilling platform security information collection and recording system, the data real-time detection of the platform in a variety of conditions, analysis, and timely submission of the security warning, and provides a strong guarantee for the safe operation of the platform ; the development of hydraulic automatic opening and closing the pile shoe system, ultra-low adsorption force to solve the deep mud into the jack-up platform, pile pulling difficult issues, to ensure the security of the platform plug pile job.

Victory-X platform marks the successful development of cylindrical leg has reached a new level of development of self-elevating drilling platforms to reach the international advanced level.

World’s highest level railway wagons fatigue and vibration testing bed built in China
World’s highest level railway wagons fatigue and vibration testing bed built in China | China's Great Science and Technology

2012-07-09 — On 6th July, a completely independent innovation research and development on world-class railway wagon vehicle fatigue and vibration test bed was built in CNR Qiqihar Railway Rolling Stock Co., Ltd..

In this railway wagon in the test bed trial for 20 days, you can get a line on the road to run for 25 years a variety of data. Since then the railway wagon just here to complete routine “physical examination”, can be estimated in the world hard and fast indicator of operating performance under different climatic and geographical conditions, different railway operating environment and life, to analyze this lorry No fully meet the user demand, formally launched to run the standard.

The test rig is was 2nd similar test equipment in the world, but as a set of railway wagon vehicle fatigue, vibration test functions in one test rig, its performance is far more than the world’s first test bed – the United States alone fatigue, a separate vibration test stand, the overall level of technology is a world leader.

The completion of the test rig, marking the Chinese railway wagon from the development, production, to test all aspects reached the world advanced level, a strong impetus to China’s railway wagons from the railway wagon power to a world power in advance.

Railway wagons fatigue and vibration test stand is not only a dedicated test-bed of the railway wagon, but also the corresponding test of railway locomotives, buses, road vehicles and their key components.

This test bed can satisfy the different axle load, fatigue and vibration testing needs of different gauge and different uses of railway vehicles. The test stand provides for the establishment of the Chinese railway wagon fatigue life evaluation system and the vibration test specification of the conditions.

China CNR is China’s first world’s second largest truck supplier. China CNR and even the Chinese railway wagon leader Qi rail equipment company, accounting for a quarter of China’s railway truck market share, more than a dozen have been exported to the railway wagons nearly 20,000.

 

[Audio]

the 2nd machine is a tool to produce very complicate parts for any purpose, those parts are very difficult or impossible to produce from conventional methods. Sometimes, if you can not product those, and US, western countries ban export sensitive tech to China, you will not able to build/manufacture advance machine, weapons,,,,

It's a glorified cutter found in most workshops that do with cutting metal. No secret hush hush stuff here and it was sold extensively in the past primarily from Germany.

 

[eachus]

no, slicing machine is not just a cutting tool, the sheet materials are raw input has been ordered in standard size. the machine process a 3-D design from autocat or other software, starts with slice by slice to create a real object. for instance, you designed an ant city inside a small bottle with very complicate ant holes and paths style structure, those need to be all metal. There is no other method can do it. slicing machine can amazingly create it in an hour or just a few hours.

and the product is in extremely accurate dimensions.

 

[eachus]

中国最低工资标准增幅下降 全年涨幅难乐观 | 华尔街见闻
the increase of Chinese minimum wage fell to 17%/year(2012) from 22%/year in 2011.

google translate:

"Economic Information Daily" from the Human Resources and Social Security, the Ministry was informed that the first half of this year, 16 regions have adjusted the minimum wage, the average rate of increase of the minimum monthly wage of less than 17%, significantly lower than last year, 25 to adjust the minimum wage region an average of 22% increase. Experts believe that the slowdown in economic growth to decline in corporate profits this year, overall wage growth is hard to be optimistic.

From Youth Net release "Economic Information Daily reported Fang Ye Li Tangning

The economic slowdown caused by corporate profits fall, the annual wage increase is difficult optimistic

"Economic Information Daily" reporter learned from the Human Resources and Social Security Ministry, the first half of this year, a total of 16 areas to adjust the minimum wage, the average rate of increase of the minimum monthly wage of less than 17%, significantly lower than last year, 25 to adjust the minimum wage regional average of 22% increase. Experts believe that the overall wage growth this year under pressure, can hardly be optimistic.

"Minimum wage" clear the minimum wage every two years at least to be adjusted once. In the first half of this year, 16 Total Beijing, Sichuan, Jiangxi, Shaanxi, Shenzhen, Shandong, Shanghai, Tianjin, Guangxi, Ningxia, Gansu, Shanxi, Yunnan, Chongqing, Jiangsu, Xinjiang and other regions to adjust the minimum wage. Among them, the minimum hourly wage is the highest in Beijing, 14 yuan per hour; the highest monthly minimum wage in Shenzhen, 1,500 yuan per month. 16 regions, after adjusting the minimum wage in a thousand dollars to 14, eight more than last year.

中国最低工资标准增幅下降 全年涨幅难乐观 | 华尔街见闻

 

[Martian2]

Ten years ago, it seemed like a distant dream. We've overtaken the Japanese on the Fortune 500 list! Hallelujah!

China overtakes Japan in Fortune 500 ranks | News.com.au

"China overtakes Japan in Fortune 500 ranks
AAP
July 10, 2012 3:08AM

China has overtaken Japan on the Fortune Global 500 for the first time on the list of the world's biggest companies by revenue.

WHILE US companies held the plurality of slots on the list, with 132 US firms featured, Chinese companies came in second, with 73, followed by 68 Japanese companies.

China's ascent marked the addition of 12 companies to the prestigious list, while the number of European firms fell to 161 from 172 in 2011.

Anglo-Dutch energy giant Royal Dutch Shell retook the top spot this year, knocking off US retail titan Wal-Mart from a two-year reign.

Eight energy businesses dominated the top 10, three of them Chinese companies; Sinopec Group, China National Petroleum and State Grid.

Shell had $US484.5 billion ($A476.8 billion) in revenues in 2011, a 28.1 per cent increase from 2010.

Commercial banks accounted for the second-largest industry on the Global 500 and the auto industry was in third place.

"Despite financial turmoil in Europe and disasters in Japan, the world's largest corporations had record profits and revenues in 2011," Fortune said in a statement.

In total, the Global 500 companies posted record revenues of $US29.5 trillion, up 13.2 per cent over 2010.

"Total profits rose seven percent, to $US1.6 trillion, roughly equal to the gross domestic product of India," Fortune said.

The annual ranking reflected the shifting global landscape as the United States faces mounting competition from foreign rivals.

"Although the US still hosts the lion's share of Global 500 corporations, no country has lost more companies during the last decade. There are 132 US-headquartered businesses on this year's list, down from 197 a decade ago," the magazine said.

After Shell, the remaining companies in the top 10 are, in descending order: ExxonMobil; Wal-Mart Stores; Britain's BP; Chinese companies Sinopec Group, China National Petroleum and State Grid; Chevron, ConocoPhillips and Toyota Motor.

Apple shot up 56 spots from last year, landing at number 55. The California-based maker of the hot-selling iPhone, iPad and other gadgets posted 2011 revenues of almost $US108.3 billion, a 66 per cent rise over 2010."

[Note: Thank you to BeijingWalker for the newslink.]

 

[eachus]

the biggest companies are strongest companies on earth. An empire building need to have a lots of column supports. US is the biggest empire with 132 columns, down from 197 in 10 years. China is new empire building with 73 columns, add 12 new columns a year. There also small companies and mini companies you can consider those are bricks and decorations. Once the columns are gone, decorations and bricks are meaningless.

A small garment factory or pencil shop are rootless floating companies, can move from Japan to Korea to China to Indonesia. however, large companies like IBM, Intel or Shell dont, they have very strong rooting system can not move freely. if you force them to move, they may die or shrink dramatically. If they stay home, they can support a powerful country.

20 years ago, a small country had population of 30sM with a tiny GDP, they tried to build up their supports. Once a while used law to force all banks funding handful of companies and finally success. that was S.Korea. their road to success was not smooth but eventually they get there. to stay in competition, you need to be big. Economic of scale is a ticket to win. If you dont buy a ticket you dont have a chance to try.

 

[sweetgrape]

Chinese Tokamak system makes great breakthroughs in controlled fusion power
Chinese Tokamak system makes great breakthroughs in controlled fusion power | China's Great Science and Technology

2012-07-12 — Chinese EAST (Experimental Advanced Superconducting Tokamak) 2012 campaign has been accomplished on July 10th. Significant progress has been made on EAST during this new experimental campaign on many physics and technology fronts. EAST announces that it has achieved world longest pulse H-modes over 30s and longest pulse divertor plasma up to 411s, which was fully driven by LHCD with active-cooled PFC and internal cryopump.

East’s future goal is to generate over 100 million amps of plasma current; 1000 seconds duration time and over one hundred million degrees temperature in high-power heating.

EAST undertook an extensive upgrade during the last shutdown in 2011, from Plasma Facing Components (PFC), poloidal field (PF) power supply, and auxiliary heating to many key diagnostic systems. With the advent of significantly augmented auxiliary heating, operation and diagnostic capabilities, EAST has carried out an extensive experimental campaign since Spring 2012, aiming at exploring the boundary of the EAST operation space with favorable stability and confinement and developing suitable means to expand this space toward steady-state operation. To these ends, the campaign has focused on ICRH (Ion Cyclotronic Resonance Heating) and LHCD (lower hybrid current drive) physics, MHD (magnetohydrodynamic) and ELM (Edge localized modes) control, L-H transition and pedestal physics, divertor physics and emerging PSI issues under long pulse operation conditions, and developing advanced scenarios that integrate high performance with long pulse operations.

Significant progress has been made on EAST during this new experimental campaign on many physics and technology fronts, with the following key advances:

Achieved long pulse H-modes over 30 s with LHCD and ICRH, facilitated by active lithium (Li) and cryopumping.
Achieved long pulse divertor plasma up to 411s, which was fully driven by LHCD with active-cooled PFC and internal cryopump.
Achieved a long-pulse Enhanced (EDA) H-mode regime and further verified the role of zonal flows in the L-H transition by direct gas dynamic imaging.
Demonstrated change in edge magnetic topology induced by LHCD, which have potentially significant impacts on divertor and edge physics, such as power deposition, edge rotation and L-H transition, etc.
Observed a lower L-H transition power threshold for the ion drift direction away from the dominant divertor in the RF heated discharges in EAST, opposite to the previous observations in other tokamak.
Upgraded RF and LH systems to a total power of 8 MW, implemented more than 10 new diagnostics, and developed a new CW pellet injection system and supersonic molecule beam injection (SMBI) system for ELM mitigation and precise density feedback control.
Successfully demonstrated ELM control by LHW power modulation, SMBI, D2 pellet and innovative Li pellet injection.

 

[sweetgrape]

China starts to build ACP100 small PWR (Pressurized Water Reactor)
China starts to build ACP100 small PWR (Pressurized Water Reactor) | China's Great Science and Technology

2012-07-12 — On July 3, Hunan Hengyang city government with CNNC signed a project cooperation agreement of intent to jointly promote the the Hengyang ACP100 small PWR (Pressurized Water Reactor) Project.

Public information display, in September 2011 in Nuclear Power Group began Hunan nuclear reactor preliminary work. May 18 this year, the seventh during the fair, in the Nuclear Power Group and Hunan Provincial Government signed a strategic cooperation agreement, 6 site to be selected in Hunan, the installed capacity of about 6 million kilowatts, to fight the “12th Five-Year” period in Hunan Province built the first inland nuclear power reactor project, the end of the “twelve or fifteen achieve the desired goals. And wish to promote cooperation in other areas such as wind energy, electrical energy through co-operation of nuclear power reactor project.

It is reported that small heap Nuclear Group, a security and economy of the newly developed third-generation nuclear energy systems technology innovative small pressurized water reactor, with the characteristics of safety, the economy is good, wide adaptability, can meet close to densely populated region and inland and coastal areas, demand for nuclear energy, heat, water, electricity, gas cogeneration diversity. The first reactor in the end of 2013 started construction first ACP100, site selected in Putian, Fujian.

CNNC has been developing the ACP100 modular design. This is a 100 to 150 MWe pressurized water reactor designed for electricity, heat or desalination. A plant utilizing the design will have a flexible configuration, with between one and eight modules.
[video]http://v.youku.com/v_show/id_XNzkwMjYxNzI=.html[/video]
The ACP-100 uses heat from the reactor for desalination, industrial purposes and residential heating. So it will a cogenerating system. Two other primary benefits are smaller modules are easier to finance and are the size to directly replace the common smaller coal plants and the 30 month construction time is about half the construction time of larger reactors (even the speedy construction times for reactors in China.

CNNC has astrong research interest in larger reactors as well (ACP600/1000 600 MWe and 1000 MWe units), in addition to an ACP100 modular small reactor for electricity, heating and desalination. It appears that the ACP600 is developed from the CNP-600 (also referred to as CP600).

It is understood that Hengyang city is one of Chinese earliest nuclear industry base

 

[eachus]

the EAST fusion power project dont need to explain, it is mini Sun project which China is well ahead of other countries.



the Hengyang ACP100 small PWR (Pressurized Water Reactor) Project. it is too good to be true. read these you know what I meant.

"At high speeds the power needed is enormous; for example, a 54,431 metric ton AC must have 280,000 horsepower to drive it at 35 knots." -- 209 MW.

" CNNC has been developing the ACP100 modular design. This is a 100 to 150 MWe pressurized water reactor designed for electricity, heat or desalination." --- each modular 100MW can power a war ship 25K tons, 4 of these modular can power an air carrier 100K tons. or 2 of 150MW good for 75K tons of AC.

There are from simple math, I dont know what is China's intention.

 

[Bhai Zakir]

ADB lowers China's 2012 growth prediction




BEIJING, July 12 (Xinhua) -- The Asian Development Bank (ADB) on Thursday lowered its prediction for China's economic growth to 8.2 percent in 2012 and 8.5 percent in 2013.

The ADB made the revised prediction in the newly published Asian Development Outlook Supplement.

The ADB said China has seen a fall in net exports, industrial production and fixed asset investment, although government spending on health, education and large infrastructure projects are expected to boost the economy.

As the country moves to a more sustainable growth model, growth may slow down more than expected, said the report.

"In this case, we're still confident that there will be no hard landing for China's economy," Robert Wihtol, director-general of ADB's east Asia department, said Thursday.

Wihtol said that although downside risks are increasing for China in the short-term, China's sound fiscal position and potential for further monetary expansion "should ensure a soft landing for the economy."

"China's economic growth is estimated to moderate in the first half of 2012 and recover later in the year, underpinned by an expansionary policy stance," said Wihtol.

China on Monday announced that the inflation rate for the first half of the year was 3.3 percent, with the consumer price index (CPI), a main gauge of inflation, easing to a 29-month low of 2.2 percent in June, driven by falling food prices.

Wihtol said less inflationary pressure allows China's policymakers to focus on stabilizing growth, which will provide room for further stimulus measures.

Due to the weak economy, China lowered benchmark one-year interest rates two times in the first half and started work on liberalizing interest rate margins.

Wihtol said given the current inflationary prospects, further quantitative easing will likely take place in the months ahead,particularly through additional reductions in the reserve requirement ratio.

Premier Wen Jiabao said earlier this week that it is important to promote reasonable growth in investment to stabilize economic growth.

"It's important for China to maintain reasonable investment in order to meet short-term challenges," said Wihtol.

But Wihtol stressed that it is also important for the government to keep its eyes on the mid- and long-term target of economic rebalancing and restructuring.

China should direct its transformation toward a more sustainable development pattern to avoid the "middle income trap," he said.

The National Bureau of Statistics (NBS) is set to update figures for China's gross domestic product for the second quarter on Friday. Its GDP growth eased to a near-three-year low of 8.1 percent in the first quarter and is widely expected to slow for a sixth straight quarter in April-June.

ADB lowers China's 2012 growth prediction - Xinhua | English.news.cn

The Hindu : News / International : China, facing slowdown, mulls stimulus options

 

[ChinaToday]

8% is quite good i m not complaining

 

[majesticpankaj]

bad news for all....in this interdependent world....everyone will feel the pinch..

 

[Sasquatch]

Should have posted in the China economy thread. Moved there.