China Economy Forum

[manofwar]

Debt to revenue ratio means nothing when a crisis strikes as we have seen in the case of Lehhman brothers. But the Chinese govt can afford to bail these countries out, so it's not that big a deal. It does reflect a negative trend though. Situation may improve as the European market's volatility ends.......

 

[Splurgenxs]

Debt to revenue ratio means nothing when a crisis strikes as we have seen in the case of Lehhman brothers. But the Chinese govt can afford to bail these countries out, so it's not that big a deal. It does reflect a negative trend though. Situation may improve as the European market's volatility ends.......

It not the Chinese govt tht Bails out companies, its the state banks that do, read the article again. The Bailing out has already been going on.

there total internal debt to gdp ratio exceeds 150% .

Do u think America did not have enough firepower to bail out its own companies? this is America 2.0.

once the economy starts tanking everything goes downhill. And most of the American debt has been bought out by china.

There r no other country tht will Bail out Chinas economy as the rest are already going down and other Brick nations don't have enough firepower to save China.

China is alone on this one.

 

[ao333]

It not the Chinese govt tht Bails out companies, its the state banks that do, read the article again. The Bailing out has already been going on.

there total internal debt to gdp ratio exceeds 150% .

Do u think America did not have enough firepower to bail out its own companies? this is America 2.0.

once the economy starts tanking everything goes downhill. And most of the American debt has been bought out by china.

There r no other country tht will Bail out Chinas economy as the rest are already going down and other Brick nations don't have enough firepower to save China.

China is alone on this one.

It's the CCP you're talking about. Debt debentures are nothing in a country with no rule of law. The party can just declare these debts indefinitely deferred, like they did in 2004-2006. The Chinese banking system looked Lehmen-like in 2004, but years later, they became the biggest banks in the world...

 

[Martian2]

Ship advances deep-sea salvage rescue work - rednet news

"Ship advances deep-sea salvage rescue work
Editor:李莎宁 实习生 赵晓书
Source:中国日报网
Updated:2012/8/7 14:15:49

China's largest submersible-support vessel was delivered and put into service on Monday in Qingdao, Shandong province, marking a breakthrough in the development of the country's deep-water salvage force, officials said.

Shenqianhao, China's first ship that carries a saturation diving system allowing divers to work at depths of up to 300 meters, is put into operation in Qingdao, Shandong province, on Monday.

The Shenqianhao is the nation's most advanced submersible-support vessel, capable of completing submarine rescue and lifting missions as well as other underwater projects, according to a statement from the rescue and salvage bureau under the Ministry of Transport.

The ship was built by Wuchang Shipbuilding Industry and will be managed by Shanghai Salvage Co, which is affiliated with the bureau.

The vessel is equipped with a deep-water saturation diving system, which allows 12 divers to work in turns at a depth of 300 meters — 100 meters deeper than in the past, said Shen Hao, director of Shanghai Salvage Co.

The system has living capsules, adapter modules and other life support facilities, the statement said. It allows divers to live in an enclosed pressurized environment before they enter the water.

A diving bell then takes three divers at a time into deep waters to carry out underwater operations, and returns them to the living capsule to change shifts.

The divers can be decompressed to surface pressure only once — at the end of their tour of duty. The process, known as saturation diving, enables divers to work uninterrupted in deep waters for long periods without the risk of decompression sickness.

Saturation diving technology is widely used in underwater operations performed in waters more than 120 meters deep or that require divers to stay in the sea for more than one hour.

The technology is different from that of the Jiaolong, the Chinese manned deep-sea research submersible that can dive to a depth of more than 7,000 meters.

"Divers can work for 28 days straight with the support of the system," Shen said. He said innovations have been made to tackle the technical problems of saturation diving at great depths.

The 13,000-ton ship is 125 meters long — about the length of 28 sedans if placed end to end.

The ship is equipped with a helicopter landing platform and a crane with a lifting capacity of 140 tons, capable of pulling sunken ships and cargo from the sea.

The large submersible carrier fills the vacancy of such ships in the country. It will greatly enhance China's ability to clean up large oil spills, respond to maritime accidents and conduct deep-water, large-tonnage salvage, said Xu Zuyuan, vice-minister of transport.

At Monday's delivery ceremony, Xu also said developed countries have long possessed saturation diving technology, while China's new breakthrough in the field will be further applied to maritime rescue, salvage and ocean resource exploration.

Eight countries have used this technology to allow divers to work 400 meters below sea level, China Central Television reported on Monday.

The ministry's next goal is to develop saturation diving technology that will make it possible for divers to work 500 meters below the sea, the statement said.

Shenqianhao, China's first ship that carries a saturation diving system allowing divers to work at depths of up to 300 meters, is put into operation in Qingdao, Shandong province, on Monday."

----------

China's first deep-water saturation diving boat completed

"China's first deep-water saturation diving boat completed
08-07-2012 09:41 BJT

China’s first 300-meter depth saturation diving boat has been completed in Qingdao in East China’s Shandong province.

The "Shen Qian Hao" diving boat is China’s first deep-depth saturation diving vessel. Saturation diving is a diving technique that allows divers to work at great depths for long periods of time by reducing the risk of decompression sickness.

The computer-controlled diving boat is equipped with the latest technologies. It measures just under 126 meters long and weighs over 15 thousand tonnes.

China’s first 300-meter depth saturation diving boat has been completed in Qingdao in East China’s Shandong province.

China’s first 300-meter depth saturation diving boat has been completed in Qingdao in East China’s Shandong province."

 

[sweetgrape]

China develops its first coal pressurized gasifier (WHG)
China develops its first coal pressurized gasifier (WHG) | China's Great Science and Technology

2012-08-07 — Sichuan BlueStar Machinery Co, Ltd recently announces that a water/gas entrained bed dry pulverized coal pressurized gasifier (WHG) with a coal-feed of 1,300 t/day is now in the assembly stage.

The WHG gasifier was designed by the China Wuhuan Engineering Co, Ltd. and developed by the company.

The WHG gasification furnace is leading, key generic technology that can be applied to all coal chemical projects and has wide applications. For example, gases after purification can be used to produce CO- and H2-based chemical products; combined Fischer tropsch can be made into oil that can be used as fuel for generating electricity, gas, or iron ore reduction, in the coal-based chemical (such as methanol) and coal-based liquid fuel (oil, methyl ether) industries, or IGCC generating electricity.

The WHG gasifier is a significant technological innovation and uses an entrained bed pressurized process with coal feed of 1,300 t/day, with component CO+H2 of synthesis gas reaching 89-91 percent, the carbon conversion rate reaching 99 percent, a cold gas efficiency reaching 78-83 percent, oxygen consumption is 300-330 Nm3/kNm3, coal consumption is 512kg/kNm3 (CO+H2). Its continuous running time is above 4,000 h, and annual running time above 8,000 h. It can be used for many types of coal, and can even have zero discharge, which is a development trend in gasifier technology at the advanced level.

This is the first China production of its kind and it will become the company’s independent intelligent property and can replace large imported gasifiers as well as preserve energy and cut emissions of the downstream coal chemical industry, also reducing operation cost and bring an industrial technological upgrade.

The Assembling of the sample is one step closer to achieve the company’s WHG gasifier goal.

The Sichuan BlueStar Machinery Co, Ltd. is one of China’s earliest State-owned chemical equipment enterprises and is a subordinate of the China National Chemical Equipment Corp. Its headquarter is in Deyang, Sichuan Province, on a 41.56 hectors area. It has two production bases, one in the Deyang Economic & Technological Development Zone, the other in Mazu, a part of the city of Shifang, and more than 1,000 employees. It has registered capital of 269.16 million yuan.

We also have offices in the cities of Beijing, Wuhan, Baoji and Chongqing. We specialize in pressure vessel for chemicals, alloy-steel for railway frogs, and special castings and forgings. The overall annual production capacity is 50,000 t. We do business all over China and export some products to Australia, Indonesia, Yugoslavia, Iraq, Saudi Arabia, Vietnam, Burma, Israel and elsewhere.

We are also China’s largest producer of urea synthesizer, ammonia converter, and nitric acid absorber, its largest alloy-steel railway frog research unit, and largest spherical tank research unit in the country’s southwest.

The company is State-certified and is a Sichuan province innovation base and corporate technology center.

 

[shuttler]

It's the CCP you're talking about. Debt debentures are nothing in a country with no rule of law. The party can just declare these debts indefinitely deferred, like they did in 2004-2006. The Chinese banking system looked Lehmen-like in 2004, but years later, they became the biggest banks in the world...

where is the source of this information? provide the link please!

and you still dont really know about the cause of the collapse of lehmann bros do you?

 

[shuttler]

It not the Chinese govt tht Bails out companies, its the state banks that do, read the article again. The Bailing out has already been going on.

there total internal debt to gdp ratio exceeds 150% .

Do u think America did not have enough firepower to bail out its own companies? this is America 2.0.

once the economy starts tanking everything goes downhill. And most of the American debt has been bought out by china.

There r no other country tht will Bail out Chinas economy as the rest are already going down and other Brick nations don't have enough firepower to save China.

China is alone on this one.

We are not too overtly worried about this. We have not been relying on external sources for solving our own problems.
China's GDP and forex reserve are more than the respective total of BRIC.
Forget about india, they have a whole lot more problems than we have
A chunk of the commercial debts are related to housing and real estates. They are asset-backed. As long as the real estates remain intact and do not worsen to bubbles, we are fine!

 

[Apóllōn]

China factory output disappoints, more stimulus seen | Reuters

(Reuters) - China's factory output growth slowed unexpectedly in July to its weakest in more than three years, underlining stiff global headwinds that may prompt policymakers to take more action to keep growth on track to meet a 7.5 percent annual target.

China's economy is struggling to escape from the effects of the euro zone debt crisis and a sluggish U.S. recovery that are keeping global growth at a low ebb, the main factor that pushed China's new export orders in July into their steepest fall in eight months.

Weak property investment is hurting economic growth despite a modest pick-up in sales and prices, while falling factory-gate prices cut into corporate earnings and limit capital spending.

The central government has been fast-tracking some infrastructure projects, but its efforts have sparked fears of overcapacity.

Growth-obsessed local authorities have been rolling out some investment projects in recent weeks, but their ability to fund them remains in doubt given more than 10 trillion yuan in local debt - a legacy of the massive stimulus unleashed in 2008/09.

Economic growth has been sliding since the beginning of 2011, reaching 7.6 percent in the second quarter, the weakest pace since the global financial crisis.

Analysts polled before the data had expected to see a pick-up in growth in the third quarter to 7.9 percent and full-year growth of 8 percent, above the official target.

Barclays Capital cut its 2012 China GDP growth forecast to 7.9 percent from 8.1 percent after Thursday's data.

Consumer prices edged up 0.1 percent in July from the previous month, compared to expectations of a 0.1 percent drop.

July's data showed that producer prices fell in July by 2.9 percent from a year earlier, a sharper decline than the 2.5 percent forecast and the steepest fall since October 2009. It marked a fifth straight month of falling producer prices.

 

[Martian2]

Research ship launched - Taipei Times

"Research ship launched
By Lee I-chia / Staff reporter
Sat, Aug 11, 2012

ALL ABOARD: The ocean research vessel boasts a range of different functions and could help improve the precision of earthquake forecasts in the future

The Ocean Researcher V, the largest ocean research vessel designed and built in Taiwan, is pictured at Greater Kaohsiung’s Singda Harbor yesterday. Aug 11, 2012 (Photo: CNA)

Ocean Researcher V, the largest ocean research vessel designed and built in Taiwan, was officially handed over to the National Applied Research Laboratories (NARL) yesterday.

The 2,700 tonne ocean research vessel, measuring 72.6m in length and 15.4m in width, has a boarding capacity of 18 crew members and 30 scientists and is now docked at Greater Kaohsiung’s Singda Harbor.

The vessel was funded by the National Science Council (NSC), which commissioned the task to the NARL’s Taiwan Ocean Research Institute (TORI).

TORI’s Deep Ocean Exploration Division manager and associate researcher Yang Yih (楊&#30410 said the Ocean Researcher V differs from the three existing ocean research vessels because of its expanded tonnage, which gives it enough resistance to cope with strong waves caused by the northeast monsoons in the winters and allows it to gather research data that in the past was difficult to collect.

Moreover, the vessel’s maximum endurance is expanded to 50 days and a maximum range of 13,000 nautical miles (24,076km) for each single expedition, Yang said, adding that its core mission is not limited to fundamental ocean science research and that it can also perform the government’s ocean energy exploration assignments.

TORI’s Nearshore Observation and Modeling Division and Marine Exploration Technology Division manager and researcher Yang Wen-Chang (楊文&#26124 said the vessel is scheduled to make research expeditions for a total 250 days a year. Of these 250 days, 100 days would be allotted to academic science research projects funded by the NSC, while the remaining 150 days would go to the NARL’s research projects, governmental assignments or business sector research trips.

TORI director-general Kao Chia-chuen (高家&#20426 said the two special features of the Ocean Researcher V are its propelling force — which relies on electricity, allowing it to move slowly yet quietly, traits necessary for conducting precise detection operations — and its dynamic positioning system — which allows it to remain steadily at a single spot at sea, undisturbed by strong winds or waves.

In addition to its observational capabilities, such as high-resolution imaging of the sea bed, the vessel can also collect samples deep under the sea’s surface with the use of a remotely operated vehicle (ROV), which can go as deep as 3,000m, Yang Yih said, adding the ROV is planned to be used in research projects exploring sea-floor gas hydrate near southern Taiwan.

Lu Pei-ling (呂佩&#29618, deputy director of the Central Weather Bureau’s seismology center, said TORI has also agreed to use the new vessel to assist the bureau with the maintenance of submarine cables off the coast of eastern Taiwan, which would improve the precision of earthquake forecasts in Taiwan.

At present, NT$1.82 billion (US$61 million) has been spent on the vessel, while an additional NT$600 million to NT$700 million is to be spent on the acquisition of more research equipment, Kao said.

The vessel is scheduled to embark on its first expedition in January next year, while adjustments to the existing equipment, purchase of new equipment, as well as further training for the crew members, would continue in the coming months, he added."

 

[Martian2]

China produces super-capacity light rail train- China.org.cn

"China produces super-capacity light rail train
Xinhua, August 10, 2012

The world's first super-capacity light rail train was completed Friday in Hunan. [Xinhua]

The world's first super-capacity light rail train was completed Friday by China South Locomotive and Rolling Stock Corporation Limited (CSR) Zhuzhou Electric Locomotive Co., Ltd. in Zhuzhou, central China's Hunan province.

The new type of electric locomotive can be fully charged within 30 seconds during its station stops, as it has a box-type super capacitor on the roof and charge spots at the foot of every compartment, Xu Zongxiang, general manager of the company, said.

The train, which can hold a maximum of 320 passengers, does not need a traditional pantograph installed on the roof to get electricity from the high-tension lines along the track, according to Xu.

Xu said the train, which features low energy consumption and occupies less land, can provide a new solution for the construction of highly cost-effective and environmentally-friendly urban rail public transport."

[Note: Thank you to Greyboy2 for the newslink. For your information, a pantograph is the traditional electric hook-up above electric trains.]

 

[sweetgrape]

Chinese exports high-speed train parts to Europe
Chinese exports high-speed train parts to Europe | China's Great Science and Technology

2012-08-10 — One of China’s leading locomotive producers said Friday that it has delivered a batch of high-speed train compartments ordered by Siemens AG, marking the first such export to Europe.

Tangshan Railway Vehicle Co. Ltd., a subsidiary of CNR Corp., producer of China’s first passenger train, said the 91-million-yuan (14.3 million U.S. dollars) delivery demonstrates the company’s status as a strategic supplier of high-speed train components.

The company’s high-speed train component production line has been certified according to international railway industry standards, the company said.

Tangshan and Siemens will engage in cooperation regarding technological development, product sales and personnel exchanges, according to an agreement inked between the two.

 

[Martian2]

Who has the world's most efficient electricity grid? China (5% loss)

1. China (5% loss from transmission and distribution of electricity. See chart below)
2. Singapore (5% loss. See chart below)
3. United States (7% loss. Click on link to U.S. EIA. Read first sentence.)

India’s infrastructure woes, in two charts

But how shoddy is India’s electric infrastructure, anyway? How does it compare with other nations? At the Peterson Institute for International Economics, Arvind Subramanian offers up a fascinating chart showing that the losses from India’s transmission and distribution wires are far, far higher than they are for other countries like China or Brazil (for comparison, losses in the United States are about 7 percent):

 

[shuttler]

Who has the world's most efficient electricity grid? China (5% loss)

1. China (5% loss from transmission and distribution of electricity. See chart below)
2. Singapore (5% loss. See chart below)
3. United States (7% loss. Click on link to U.S. EIA. Read first sentence.)

India’s infrastructure woes, in two charts

But how shoddy is India’s electric infrastructure, anyway? How does it compare with other nations? At the Peterson Institute for International Economics, Arvind Subramanian offers up a fascinating chart showing that the losses from India’s transmission and distribution wires are far, far higher than they are for other countries like China or Brazil (for comparison, losses in the United States are about 7 percent):

the larger the country's geographical area, level of industrialization and population density the more difficult to maintain a low electricity loss!
China has done a fantastic job in providing to her People the most efficient electricity grid in the world!

 

[sweetgrape]

China Masters Core Technology for High-end Hydraulic Parts
Daily Business Beat Article:China Masters Core Technology for High-end Hydraulic Parts -- sinocast


LINYI, August 9, SinoCast -- On August 7, high-end hydraulic products of Shandong Nakagawa Hydraulics Co., Ltd. passed the national-level appraisal.

The first- and second-generation hydraulic components for 20- to 25-ton excavators and hydraulic components for 8- to 10-ton small excavators independently developed and produced by Shandong Nakagawa will take the place of exported products from now on.

Currently, China relies on exports for high-end hydraulic components of engineering machinery. The products of Shandong Nakagawa will break the monopoly of Japan in the field.

 

[sweetgrape]

The world’s first super-capacitor light rail vehicles off the assembly line in CSR The world’s first super-capacitor light rail vehicles off the assembly line in CSR Zhuzhou | China's Great Science and Technology

2012-08-11 — In the afternoon of the 10th August, the world’s first energy storage type electric traction light rail prototype vehicle by super-capacitor technology off the assembly line in China’s CSR Zhuzhou Electric Locomotive Company.

The light rail vehicle’s body width is 2.65 meters, with designed maximum speed of 80 kilometers per hour, maximum operating speed of 70 kilometers per hour and maximum capacity of 320 people. Energy storage type electric traction light rail vehicle use super capacitor technology to realize rapid charge within 30 seconds when passengers on and off boarding in station. One time of charge can let train vehicle travel two kilometers to reach the next platform and then re-charge. This will bring great convenience to the city transportation operation.

This type of vehicle’s turning radius is 30 meters, and is adapt to city shuttle transportation. It uses computer controlling composite brake mode including electric brake, electro-pneumatic brake and magnetic rail brake, to meet the transportation needs of urban residents. The high safety of new vehicle can provide convenient and safe public travel in densely populated residential area.

Liu Youmei, academician of China Academy of Engineering and the chief architect of energy storage type electric traction light rail prototype vehicle, says the introduction of new energy-storage light rail vehicles will effectively drive the innovation-driven development of rail transportation equipment manufacturing industry in China and the Chinese rail transportation equipment will enter the international market with more powerful competitiveness.

Compared to traditional ground transportation and rail transportation, energy-storage light rail vehicle has three major advantages of the green energy, low carbon and beautiful outward appearance and can be described as is a flexible, safe and convenient. Compared to the traditional subway and light rail transport system, super-capacitor light rail vehicle has a lower money-spending to construct in China’s over 100 small and medium-sized cities. The future, the success of energy storage in electric traction light rail transportation system will greatly promote the diversification of rail transportation in China and will lead the future development of the world rail transport.