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COOEC ships Liwan jacket to SCS
COOEC ships Liwan jacket - Upstreamonline.com
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The offshore engineering division of China National Offshore Oil Corporation (CNOOC) has completed the jacket for the Liwan 3-1 gas field in the South China Sea.

Instok reported Offshore Oil Engineering Corporation (COOEC) rolled out the jacket to a barge on Wednesday and it will be shipped to the South China Sea in two weeks.

The jacket is part of the central platform at the Liwan 3-1 field where operator Husky Energy is targeting first gas late next year.

The field will use a subsea production system connected by flow lines and manifolds to a central shallow-water platform, which in turn will be connected by pipeline to an onshore gas plant.
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Made in China the world’s most high-end locomotive approached the EU for the first time to compete for the world market
Made in China the world’s most high-end locomotive approached the EU for the first time to compete for the world market | Finance online - Financial Advice|Financial Planning
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727 today (the 27th) morning, a purple “locomotive” – ??shunting locomotives

Beijing Changxindian from Beijing, China, long the China CNR (601 299) twenty-seven equipment companies pulled out. The locomotive from the Tianjin shipping out to sea, arrived in the Nordic Baltic coast of Estonia. This is the “Made in China” the world’s most high-end railway locomotive’s first trip to the EU.

“Made in China” to meet the stringent EU standards

Claims that high-end, because the design and manufacture in accordance with the field of world railway locomotives the most demanding and most stringent EU standards and Russian Standard to determine its design, raw material procurement, suppliers, manufacture of the experiment (domestic and foreign), the whole process are accepted with EU countries recognized by the French Bureau Veritas (BV) according to EU standards to be supervision and evaluation

Coming out in the day the biggest use of power of 1500 kW, a gauge of 1520 mm DF7G-E-type internal combustion shunting locomotives, these stringent standards – be honored.

According to EU standards,

compression capacity of the locomotive of 3500 kN (KN) In other words, even if the 350 tons of weight to drop on the locomotive, the locomotive would not have happened distortion or other damage. At present, the domestic locomotive under pressure most of 2000 kN, even the most advanced and harmonious locomotive, the compressive strength of at most 3200 kN.

An important component of the

DF7G-E diesel locomotive frame, framework, such as the structure of the service life of up to 40, while the life of the domestic locomotive of similar parts requires only 20-30. Rubber pad for sealing the valve, its life can be achieved, while the rubber mat of the same function is only required to meet the 1-1.5 the life of. The outer surface of the paint life of locomotive 10 requirements of the life cycle cost is controlled. In addition to power the traction motor rated current higher than the domestic locomotive. In the welding, the EU requirements internationally recognized welding standard EN15085.

Diesel locomotive design of

this car manufacturing process, need to meet the 173 EU standards, 173 standard subdivision, you need to meet the requirements of 299 documents. Requirements in accordance with EU standards, for each file, must be based on the design and manufacture of the situation detailed in the English text to explain. Each file generally must be at least 7-8 pages of text to explain. Which up to a file to explain, even reaching 150.
 
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China's first high-speed rail ambulance was born
China's first high-speed rail ambulance was born - News
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Xinhua Beijing, July 19 (reporter Qi Zhongxi) over 10,000 km of high-speed rail and more than 30,000 km of electrified railways ushered in the first high-speed rail 'ambulance' - fast catenary integrated working vehicle in the world today is the most technologically advanced, fastest, features the most comprehensive fast OCS operations car on the 19th in China CNR Beijing February equipment company to complete the assembly, commissioning and experiment.

China has built the world's longest operating mileage of high-speed rail network and the world's second electrified railway network with high-speed railway, railway electrification catenary overhaul, maintenance, repair adapt equipment or blank. Issued by the Ministry of Industry < <high-end equipment manufacturing industry '12th Five-Year' development planning >> catenary working vehicle as to the urgent need to nurture and develop rail transportation equipment.

To this end, Beijing February and equipment companies worldwide actively seeking advanced, mature and reliable technology resources, the introduction of rapid multi-functional integrated operating vehicle technology BR711.1 type and production license agreement signed with the German company GBM in April 2010, designed and manufactured to adapt to the working vehicle of China's railway technology conditions, the catenary(http://www.likenews.us/).

Suspended in high-speed rail and over the electrified railway track parallel to the catenary to provide electricity for the train operation, the power source of high-speed rail and electrified railway catenary maintenance is an important factor of high-speed rail and electrification railway running protection once Catenary failure, the train could not start due to lack of power this time, with fast high-speed rail 'ambulance,' said catenary operating vehicle if the speed of 160 km maximum operating speed quickly arrived on the scene, which may exclude the catenary failure.

This high-speed rail 'ambulance' in the high-speed rail, urban rapid rail, the curve of secondary railway operation, even in the ramp inside the tunnel and snow disaster occurs, you can quickly and safely accelerate and brake rapidly to reach site on the OCS from a height and bridge inspection and maintenance. In addition, high-speed rail 'ambulance' can also be the fault line within the train traction left, to clear the line to resume operations.

With high-speed rail 'ambulance' is to enhance the sign of the level of protection of the railway operations in Germany in accordance with the '1/100 km of standard equipped with a fast-working vehicle. This standard, the present more than 10,000 kilometers of high-speed railway and more than 30,000 requires at least 400 km of electrified railway. and because China's railway to bear the world's most heavy rail freight and passenger, high-speed rail and electrification of the railway operating mileage will be further expansion, market demand will be further expansion.
 
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You said:
which one said China is command economy? you have no clue what command economy is. China is planned market economic. it is planned, not messy, it is market oriental, it is compatible and efficient. can you find another single country out there more efficient than China?


Couple things here: first. About countries that are more efficient than China:
Can you say United States? I knew you could.
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'Made in China' Is Starting to Get Too Expensive - DailyFinance


the more you type, the more ignorance you are showing to the message board.
high productivity does not mean the country is on top of competition and efficiency. you know the next famous county is going to bankrupt is Greece. they have so call "productivity " times higher than Chinese. so in your logic Greece is more efficient and competiable than China? if two men from different countries compete on the same table in same scale measurement, one have more productivity then it is more efficient. but the one in Greece produce $30 USD per hour gets pay $44 USD per hour, is this guy efficient? or the one in China produce $10 USD per hour gets pay $5 USD per hour, which one do you hire?


a county is efficient can be observed in those way.
1) stay in dominate position and competition.
2) stable growth rates
3) industry and technology upgrades

US still in economic dominate position but relatively it is losing shares in global economic competition. not long ago, US counted 25% of world GDP, now is 19% and falling. the growth rate is 1.5%, it had technology 20-30 years ahead of China and is losing the edge to China. China won US in number of high tech competitions.

1) high speed ground transportation,
2) telcome
3) banking, at least Chinese count top 3 most profitable banks and top the growth rates.
4) ship building industry,
5) number of high tech catch up US in amazing speed.
 
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Laser Diode Creates World's Smallest Semiconductor Laser For Optical Computing - Forbes

"Laser Diode Creates World's Smallest Semiconductor Laser For Optical Computing
TJ McCue
7/30/2012

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[A typical diode laser]

Small is the new big. China, Taiwan, and United States physicists have teamed up to develop the world&#8217;s smallest semiconductor laser. This emerging photonic technology breakthrough has potential applications from computing to medicine.

Researchers at The University of Texas at Austin, in collaboration with colleagues in Taiwan and China, have developed the tiny laser, a nanolaser device, that you cannot even see with the naked eye.


What can it do?

The researchers report that &#8220;the miniaturization of semiconductor lasers is key for the development of faster, smaller and lower energy photon-based technologies, such as ultrafast computer chips; highly sensitive biosensors for detecting, treating and studying disease; and next-generation communication technologies.&#8221;

Such photonic devices could use nanolasers to generate optical signals and transmit information, and have the potential to replace electronic circuits. But the size and performance of photonic devices have been restricted by what&#8217;s known as the three-dimensional optical diffraction limit.

There is an illustration here of the nanoscale semiconductor structure used for demonstrating the ultralow-threshold nanolaser. A single nanorod is placed on a thin silver film (28 nm thick). The resonant electromagnetic field is concentrated at the 5-nm-thick silicon dioxide gap layer sandwiched by the semiconductor nanorod and the atomically smooth silver film. Science magazine has the full academic abstract, if you&#8217;re ready for some heavy reading.

At first glance and read, it is mind-boggling that it is so tiny. Practical applications and uses are still years away according to the researchers. I&#8217;m no laser scientist, but after working with the Epilog Laser Cutter and opening up the machine just for the cool factor (and with permission of Epilog who loaned it to me for a maker project) these things consume a lot of power.

&#8220;The 21st century is the century of light,&#8221; Gwo explained. However, he noted that it could still be years before the technology can be applied to electronic products, and said that problems such as the current applied to electronic products, and said that problems such as the current high power consumption of the laser device have yet to be overcome.

More tech details from Photonics.com about this news: The SPASER is constructed of a gallium nitride nanorod that is partially filled with indium gallium nitride. Both alloys are semiconductors commonly used in LEDs. The nanorod is placed on top of a thin layer of silicon that covers a layer of silver film that is smooth at the atomic level. This material, created in Shih&#8217;s lab, took more than 15 years to perfect."
 
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China breaks ground on power transmission line

Updated: 2012-07-30 11:17

HANGZHOU -- Construction on a west-to-east ultra-high voltage direct current power transmission project kicks off in East China's Zhejiang province on Saturday, marking the nation's latest efforts to ease power shortages in its eastern regions.

The project, funded by the State Grid Corporation of China, will transport about 40 billion kilowatt-hours of electricity annually from Xiluodu Hydropower Station in Southwest China to Zhejiang after its scheduled completion in 2014.

This will help save 12.28 million metric tons of standard coal, which means the cut of 34 million tons of carbon emissions.

The SGCC, the nation's major power grid operator, will invest 23.86 billion yuan ($3.79 billion) in the construction of the project.

Starting in Yibin, a southern city in Sichuan province, the 1,679.9-kilometer transmission line will traverse Guizhou, Jiangxi and Hunan provinces to reach Zhejiang's central city of Jinhua.

SGCC Vice-President Shu Yinbiao said that compared to previous projects, the line will be built with a greater transmission capacity, more advanced technology and a higher domestic manufacturing level.

The move came as China steps up the construction of ultra-high voltage direct current power transmission projects since an increasing number of economically-developed eastern cities have reported being affected by power shortages.

The project is the SGCC's third UHV DC power transmission project after the Xiangjiaba-Shanghai and Jinping-Nanjing transmission lines, which were completed in 2010 and 2012, respectively, according to Liu Zehong, director of SGCC's DC power construction department.

The three transmission lines together will support a transmission capacity of 21.6 million kilowatts and help meet rising power demands in energy-consuming cities in eastern China, Liu said.

These projects will also help fuel the exploration of clean energy in the country's water-rich southwestern regions and make water resources there an economic advantage, which will in turn promote balanced regional growth, Liu said.

Xiluodu Hydropower Station on the Jinshajiang River is the country's third largest hydropower project after the Three Gorges project and Xiangjiaba Hydropower Station.

The installed capacity for hydropower on the Jinshajiang River could amount to 90 million kilowatts, about five times that of the Three Gorges project, Liu said.

According to Liu, China ranks first in the world in terms of water resources, but the distribution is rather uneven. Sichuan, Yunnan and Tibet autonomous region alone account for two-thirds of the nation's water resources, with a technical exploitation capacity of 330 million kilowatts. But only 15 percent has been explored so far.

By 2015, the SGCC aims to build three north-to-south UHV lines, which would deliver power from the nation's northern energy bases, and three west-to-east UHV lines, which would transport coal electricity from the north and hydropower from the southwest and connect a line among the northern, central and eastern regions.

UHV, defined as voltage of 1,000 kilovolts or above in alternating current and 800 kilovolts or above in direct current, is designed to deliver large quantities of power over long distances with less power loss than the most commonly used 500-kilovolt lines.
 
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http://player.youku.com/player.php/sid/XNDMyMDYxNjEy/v.swf

Lunar Mission Expected Next Year For China

July 30, 2012

Lee Rannals for redOrbit.com &#8211; Your Universe Online

China is growing up its space industry quickly, as the country&#8217;s state-run media outlets announced today that the country is setting its eyes on the Moon again by next year.

China News Service said the Chang&#8217;e 3 mission would be launching in 2013, helping to carry out surveys on the surface of the moon.

Ouyang Ziyuan, chief scientist of China&#8217;s lunar exploration program, said that the Chang&#8217;e 3 mission includes a lander and rover that will carry out exploration activities for the first time in world history.

The rover will also be carrying a nuclear-powered battery that will help it last throughout the cold lunar nights. China media reported that this battery could last for up to 30 years. During the night time, the rover will go into &#8220;hibernating,&#8221; but when the sun rises the solar energy will &#8220;wake&#8221; the lander and the rover.

The country launched its first moon orbiter, the Chang&#8217;e 1, back in 2007, which took images of the surface and analyzed the distribution of elements.

Xinhua news agency reported that Chang&#8217;e 3 will hover about 13 feet above the lunar surface, then the engine will cut out, and it will drop to the surface.

The lunar rover will carry a &#8220;radar&#8221; with it, and while its operating it can scan several hundred feet under the surface, according to Xinhua.

China&#8217;s space agency has kept busy in the last decade, including laying the groundwork for the country&#8217;s very own space station.

Xinhua reported on Sunday that a next-generation engine with a 120-ton-thrust using liquid oxygen (LOX) and kerosene was successfully tested.

This engine will enable the Long March 5 carrier rocket to place a 25-ton payload into near-Earth orbit, or place a 14-ton payload in geostationary orbit.

Sunday&#8217;s tests included seeing how the engine would respond to rotational speeds of nearly 20,000 revolutions per minute, and temperatures of 5,432 degrees Fahrenheit.

Luan Xiting, deputy head of the institute, told Xinhua that the new engine&#8217;s thrust will enable the country to assemble the space station, and would also help the third stage of the lunar exploration program, which includes Chang&#8217;e 5. This phase of the lunar explorer program will see that Change&#8217;5 returns about 5 pounds of soil back to the Earth.

redOrbit (Lunar Mission Targeted By China In 2013 - Space News - redOrbit)
 
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Chinese CSIC Haizhuang 5MW Turbine Roll Off The Line Smoothly
Chinese CSIC Haizhuang 5MW Turbine Roll Off The Line Smoothly | China's Great Science and Technology
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July 27, 5MW offshore wind turbine prototype, which is independently developed by CSIC Haizhuang, has successfully roll off the assembly line. CSIC Haizhuang owns the wind power generator with completely independent intellectual property rights. Besides, the 5MW Turbine is &#8220;the largest diameter , the lightest head and the highest generating capacity&#8221; among the similar models. The new turbine has marks the good results of non-ship building industries development.

The 5MW offshore wind turbine is the only authorized project under the Technology Support Program of the Ministry of Science and Technology. Since the implementation of the project, CSIC has fully played their own advantages to relying on the national offshore wind power engineering technology research center platform construction.

For three years, CSIC Haizhuang achieves major technological breakthroughs in drive systems, control systems, marine corrosion with 32 national patents to establish the whole industry chain pattern, including blades, gear boxes, generators, control systems, towers, lubrication system and other crucial parts production.

Especially in system design, a variety of parts can be completely interchangeable, thus greatly reducing the waste of raw materials, reduce production costs.

The newly developed 5MW wind turbine is a three-bladed, upwind, horizontal axis, electrical pitch, and the grid offshore wind power generating units, using integrated casting rack, large bearing + gearbox growth, high-speed permanent magnet generator + full power converter cabin fully sealed structure + internal empty cold circulatory system, its nose compact and lighter in weight than the same level wind turbine is 15% lighter, is the world&#8217;s lightest in the same level, which will greatly enhance the efficiency of fan operation.

The model blade length of 75 m rotor diameter of up to 154 meters, is the largest size of similar products, the swept area to achieve the maximum, apply to Class III wind zone covers more than the current 90% of the wind farm greatly improve the efficiency and generating capacity of wind resources.

It is reported that the unit is about to be shipped to the the Rudong Yellow Sea wind farm installation and to generate electricty in this year.

CSIC (Chongqing) Haizhuang Windpower Equipment Co., Ltd., founded in 2004, is an advanced technological industrial company specialized in the development and manufacturing of large wind power equipment and related main components. It was established by integration of CSIC&#8217;s affiliated companies and research institutes.

By integration, the company has the world-advanced technologies in the field of system integration, gearbox, medium-sized generator, computer control, steel structure, large casting and forging, hydraulic system etc, which forms its special advantages in market competition. Furthermore, not only sharing talented personnel within CSIC group, but also actively cooperating with domestic universities, academies and institutes, the company takes all advantages inside and outside CSIC group, makes all its effort to develop Chinese brand wind power equipment with independent intellectual property.
 
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The world's first walking downhill on the frame beam crane developed
The first walking downhill on the frame beam crane developed
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Recently, by the bridge heavy industry group developed the world''s first walking downhill on the girder bridge DLY70t mast crane, the smooth implementation of22 degree uphill type girder cross vaults, and complete 22degree downhill type girder erection. Its development is successful, marking China''s bridge construction lifting equipment reached world leading level.

The mast type girder crane is specially designed for Shandong Delong the Yellow River bridge and the design and manufacture. As a result of the deck arch slope, construction is very difficult. To this end, Wu Bridge industries engineering and technical personnel decided to break the traditional walking beam crane can only be uphill, downhill and cannot cross vault not technical problems. After more than half a year of hard work, finally development has created the world''s first bridge to climbing, downhill, but also over the arch beam crane, and successfully completed the field test, fully meet the design and construction requirements.
 
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First Demonstration of A Quantum Router - Technology Review

"First Demonstration of A Quantum Router
Chinese physicists unveil a router that uses a quantum control signal to determine the path of a quantum data signal
Friday, August 3, 2012

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Physicists have exploited the quantum nature of photons to transmit information for some time now. And in doing so they've discovered just how powerful quantum communication can be compared to the classical kind.

Instead of sending the 0s and 1s of digital code, quantum communicators can send information in a superposition of states that represent both 0s and 1s at the same time. What's more, separate quantum objects such as a pair of photons can be entangled, which means they share the same existence even if they are widely separated. That leads to a form of quantum information that has no classical counterpart.

Quantum information is the enabling factor behind a number of emerging technologies that many physicists expect to have a huge impact on society in future: powerful quantum computers, (almost) perfectly secure quantum cryptography and the quantum internet that will distribute these capabilities round the planet.

But there's a problem with this vision of the quantum future. At the moment, physicists can only send photons carrying quantum information over the length of a single optical fibre.

Guiding the photons into another fibre is a process called routing, which uses a control signal to determine the destination and route of a data signal. A classical router simply reads the data in the control signal and routes the data signal accordingly.

But in the quantum world, reading a control signal also destroys it. So it's only been possible to route quantum data signals using classical control signals. And although that's handy, it doesn't allow the routing process to exploit the full power of quantum information.

Today, Xiuying Chang and a few buddies at Tsinghau University in China announce that they have built and tested the first quantum router to use a quantum control signal to determine the route of a quantum data signal. "We...realize the first proof-of-principle demonstration of a genuine quantum router," they say.

In this new device, the information is encoded in the polarisation of photons, either horizontal or vertical. The Chinese group begin by creating a single photon that is in a superposition of both horizontal and vertical polarisation states.

They then convert this single photon into a pair of lower energy photons that are entangled, a process called parametric down conversion. Both of these photons are also in a superposition of polarisation states.

The router works by using the polarisation of one of these photons as the control signal to determine the route of the other, the data signal. The device is simple, little more than a collection of half mirrors for guiding photons and waveplates for rotating their polarisation.

First, let's follow the route of the data photon which is determined by a set of half mirrors that send it one way or the other, depending on its polarisation. The trick is to set up the router so that the polarisation of the control photon influences this route.

The Chinese group do this by rotating the polarisation of the control photon using half and quarter wave plates as the data photon reaches the half mirrors. The quantum phenomenon of entanglement then ensures that the data photon is routed accordingly. In effect, the router works like a logic gate.

Of course, the routing success is a probabilistic like all other quantum phenomena. Chang and co finish their experiment by verifying logic-gate like characteristics of the router and ensuring that both photons are still entangled after passing through it.

That's an interesting step forward but the new router has significant limitations. The most significant of these is that it can handle only one quantum bit or qubit at a time. And because the process of parametric down conversion cannot handle more qubits, it cannot be scaled to more qubits.

That's a significant drawback. It means that this is a proof-of-principle device but not one that will ever form the basis of a future quantum internet.

In a sense, it's a little like the first quantum computers which relied on nuclear magnetic resonance to manipulate the spins of the molecules in a tub of acetone. These performed trivial calculations using a handful of qubits but couldn't be scaled up to do anything interesting.

That's not to say that we'll never have scalable quantum routers. Various groups are working on different approaches that have the potential to scale. Progress is steady but slow.

A quantum internet is coming. The problem is that nobody knows when.

Ref: arxiv.org/abs/1207.7265: Experimental Demonstration Of An Entanglement-Based Quantum Router"
 
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from: The balance of payments: BoP until you drop | The Economist

The balance of payments
BoP until you drop
For the first time since 1998 more money leaves China than enters it
Aug 4th 2012 | HONG KONG | from the print edition


Mainland China can now boast over 1m wealthy citizens (qianwan fuweng) each with over 10m yuan ($1.6m), says the latest edition of the “Hurun Report”, which keeps track of China’s capitalist high-roaders. But the mainland seems to be having trouble keeping them. According to the report, published on July 31st, more than 16% of China’s rich have already emigrated, or handed in immigration papers for another country, while 44% intend to do so soon. Over 85% are planning to send their children abroad for their education, and one-third own assets overseas.

The affluent 1m have profited handsomely from China’s economic boom. But only 28% of those asked expressed great confidence in the prospects over the next two years, down from 54% in last year’s report. That unease may also be visible in a more obscure report released on the same day, by China’s State Administration of Foreign Exchange (SAFE). It showed that China’s balance of payments had recorded a deficit in the second quarter, for the first time since 1998. Put simply, more money was leaving China than arriving.

The same phenomenon can be described less simply. The balance of payments records two different kinds of transactions: cross-border payments for goods and services (ie, exports and imports), which are recorded in the “current account”, and cross-border payments for assets. China’s current account is still in surplus, largely because its exports exceed its imports. China is also attracting plenty of direct investment from foreigners eager to buy or build companies on the mainland. But both these inflows of foreign exchange were outdone by a record outflow of other kinds of capital, amounting to a net $110 billion. This left China’s overall balance of payments in deficit, diminishing China’s international reserves by $11.8 billion (or just under 0.4%).

The drop in reserves was such an unfamiliar twist in the data that Reuters initially reported it with the wrong sign. A SAFE spokesperson felt the need to say that these outflows did not amount to a mass rush for the exits. The exits are, in any case, partially blocked by China’s capital controls. Still, such regulations can stop neither multinational companies, which may repatriate profits, nor determined wealthy individuals, who travel frequently, hold foreign bank accounts and run their own cross-border businesses. Chinese individuals may take up to $50,000 out of the country each year without special permission. Victor Shih of Northwestern University reckons that the richest 1% of Chinese households own $2 trillion-5 trillion of property and liquid assets. If they took fright, they could overwhelm even China’s vast foreign-exchange reserves.

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China’s rich often have inside knowledge of the economy’s condition, Mr Shih has pointed out. If their money is leaving, everybody else should take note. But Zhiwei Zhang, chief China economist at Nomura, a Japanese bank, is more sanguine. He thinks the capital outflow is not an alarming sign in itself, but just reflects economic worries that are already well-known. It is no surprise that firms and investors should reshuffle their portfolios given disappointments in China’s property market and the interruption in the yuan’s rise against the dollar.

Indeed, downward pressure on the currency is both a cause and a consequence of the capital outflows. From June 2010 to February this year, the yuan appreciated by over 8% against the dollar. Since then, it has slipped by 1% or so. The number of wealthy Chinese, according to the “Hurun Report”, may be growing strongly. But 10m yuan is not what it was.

from the print edition | China
 
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China's corporate debt ratio 107% highest in the world.

Cautioning China's corporate debt ratio has reached "dangerous" levels, experts have warned against any stimulus measures to boost domestic demand to compensate for falling exports, saying it could put a heavy strain on corporate firms.



China's corporate debt-to-GDP ratio stood at 107% in 2011, the highest in the world, said Li Yang, vice-president of the Chinese Academy of Social Sciences, a top government think tank.


A ratio that exceeds 90% is considered "dangerous", Li was quoted by state run China Daily as saying today, citing the standard set by the Organisation for Economic Cooperation and Development (OECD).


Li Zhenyu, rating director of China Lianhe Credit Rating Co Ltd, said the figure is likely to be calculated by taking the total debt Chinese banks carry from loans and other methods of borrowing, such as corporate bonds, and dividing it by the country's GDP.


Data from the China Banking Regulatory Commission show China's banking system had 55 trillion yuan (USD 8.63 trillion) in outstanding loans by the end of 2011.


The country's GDP for the same year exceeded 47 trillion yuan. "The figure doesn't reveal the financial positions of particular companies," Chen Daofu, policy research chief at the Financial Research Institute of the State Council's Development Research Centre said.


"But large Chinese companies' debt burden is indeed increasing because of the strong momentum seen in fixed-asset investments after 2008," he said.


Chen said the average debt-to-asset ratio of Chinese companies with more than 20 million yuan in annual revenue was about 40%.

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