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China is currently building 27 of 100 planned new nuclear reactors

China grabbing up uranium to secure nuclear lead | SmartPlanet

"Mar 19, 2012 – China is on track to build up to 100 nuclear reactors by 2030. It already has 27 of those under construction, as a path away from the polluting, ..."

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27,700 MegaWatts of new nuclear power is coming online in the next three years in China.

Reference: Major nuclear power plants under construction in China
 
China is currently building 27 of 100 planned new nuclear reactors

China grabbing up uranium to secure nuclear lead | SmartPlanet

"Mar 19, 2012 – China is on track to build up to 100 nuclear reactors by 2030. It already has 27 of those under construction, as a path away from the polluting, ..."

I'm sure CHinese govt is doing the wrongthings. 1st, China is lack in uranium, the plant need to import uranium mines. This will be iron ore again. china will have to accept the price fly several times. 2rd, many of the nuks plants are far away shore. they need much river water , Just like stand by the Mississppi River,Iowa. this will cause disasters like water-in short and destroy a province and polute a big river when the plant had an accident.
So many CHinese don't think add much nuclear plant is a good thing.
 
Your claim is not true. China (171,000 tonnes) has almost as much proven recoverable uranium as the United States (207,000 tonnes). See citation below.

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China has almost as much proven recoverable uranium as the U.S.

China has practically the same amount of uranium as the U.S.

This means China can build as many thermonuclear weapons as the U.S (e.g. fission trigger and plutonium transmuted from uranium).

With Nuclear Energy, China Chooses Dependence Over Independence (Part II of II) « Energy in Asia

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By the way, the first Chinese thermonuclear bomb (refraction) with 3.3-megaton yield had a different design than the American (reflection) and Russian (layer cake) hydrogen bombs.

Thermonuclear weapon - Wikipedia, the free encyclopedia

"The People's Republic of China detonated its first H-Bomb using a Yu–Deng design June 17, 1967 ("Test No. 6"), a mere 32 months after detonating its first fission weapon (the shortest fission-to-fusion development in history), with a yield of 3.31 Mt.

The Yu–Deng design is different from the Teller–Ulam design. It doesn't use X-ray reflector, but refraction lens to achieve similar effect."

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"China is estimated to mine 1,200 tons of uranium annually"

In case anyone is wondering, China has plenty of uranium.

Uranium Mining

"Uranium Mining

China is estimated to mine 1,200 tons of uranium annually and is expected to stay at this level of production for the near future. China's first eight uranium mines were fully operational beginning in 1962-1965. Over the years, China has established a total of about 26 major uranium mines. Since the beginning of the opening and reform process, China's uranium mining industry has undergone extensive reorganization. China has reduced output and closed inefficient mines resulting in a reduction of personnel from 45,000 in 1984 to 8,500 in 1999. As part of its efforts to improve efficiency, China is focusing on in-situ and heap leach technologies. Improvements in management and technology have led to uranium mining facilities becoming three to four times more efficient.

China has traditionally located uranium processing facilities at or near uranium mines. China's "backbone" of uranium mining and metallurgy has traditionally been located in Guangdong, Jiangxi, and Hunan Provinces. However, in recent years uranium exploration has been focused on northwest and north China. There is potential for expanding the uranium mining facility at Yili Basin, Xinjiang where in-situ leach capacity is expected to reach approximately 400 tU/year. New production centers have been opened at the the Yining in-situ leaching facility, the Lantian heap leaching facility and the Benxi mine.

The China National Nuclear Corporation (CNNC) reported that since 1954, China has located uranium deposits in more than 200 mining sites. China has an estimated 57,000 tons of uranium resources in the south and is exploring in the northwestern regions for further deposits. New uranium deposits have recently been discovered in Inner Mongolia and in Xinjiang Province.

Mr. Lu Youlin is director of the bureau of mining and metallurgy for CNNC."

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http://af.reuters.com/article/energyOilNew...E6B300O20101204

"China finds 30,000 T uranium deposit -State TV
Sat Dec 4, 2010 10:02am GMT

Dec 4 (Reuters) - BEIJING Dec 4 (Reuters) - China has found a major uranium deposit in Inner Mongolia holding an estimated 30,000 tonnes of the metal, state television reported on Saturday.

The discovery in China's mineral-rich Ordos region will help ensure the domestic supply of uranium for its expanding nuclear industry in coming decades, Zhang Jindai, chief geologist with China National Nuclear Corp, was quoted as saying by China's central television."

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http://forum.uyghuramerican.org/forum/show...sit-in-Xinjiang

"China discovers uranium deposit in Xinjiang
By Jon Nones
20 Feb 2008 at 11:23 AM

According to a short article by Commodity Online, China on Wednesday announced the discovery of 10,000-tonne level leaching sandstone-type uranium deposit in the northwest of the country.

According to an official statement from China's Mineral Ministry, Chinese geologists took 17 years to make this breakthrough discovery at Yili basin, which is in the northwestern Xinjiang Uygur Autonomous Region.

The deposit could produce more than $40 billion worth of uranium, coal and associated minerals, with coal resources totaling more than 4 billion tonnes."

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http://nextbigfuture.com/2011/01/china-dis...il-uranium.html

"China discovers more coal, oil, uranium and lithium
January 17, 2011

Chinese geologists have detected "super-thick" oil and gas-bearing stratums in the northern part of the South China Sea and identified 38 offshore oil and gas-bearing basins. The outskirts of Songliao Basin in Northeast China, Yin'e Basin in North China and Qiangtang Basin on the Qinghai-Tibet Plateau have also been found to have rich oil and gas resources.

192.7 billion tons of coal resources have been found in Northwest China's Xinjiang Uygur autonomous region. China will be using 3.2 to 4.2 billion tons of coal per year from now until 2015 So the new discovery would provide China with about 40 years of coal supply.

Four 10,000-ton sandstone-type uranium mines have been located in Xinjiang and Inner Mongolia. By 2020, China will be using about 20,000 tons of uranium per year using current once through reactors."
 
Technology transfers from Taiwan to China

Thirty years ago, China had nothing. How did China become an economic and technological superpower in a mere thirty years? Why can't other countries perform the same magic? What happened?

Part of the story is the massive technology transfer from Taiwan to China.

In my previous posts, I've already mentioned that former TSMC employees form the core of the management and technology for China's premier semiconductor company SMIC. There are many more examples of Taiwanese know-how landing in China.

In this post, I will highlight the transfer of Taiwanese LED technology to China.

Also, I will discuss Taiwanese-American Steve Chen's supercomputing expertise and his company Galactic Computing in Shenzhen.

If you look hard enough, you should also be able to find a history of linkages between Taiwan's and China's machine tool industries. Taiwan has numerous patents in the machine tool industry and it is world famous. It is more than a mere coincidence that China has developed a strong machine tool industry as well.

Taiwan is full of technology and Taiwanese/Taiwanese-Americans have been transferring an unknown amount of technology to China. Taiwanese "millionaire job hoppers" (see citation below) have massively upgraded China's technology in important sectors.

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http://english.cw.com.tw/print.do?action=print&id=11097

"Playing at the Big Table
By Hsiao-Wen Wang
Published:CommonWealth Magazine June 11, 2009 (No.423)

Epistar, Taiwan's largest manufacturer of light-emitting diodes (LEDs), has seen its share price rise far above its peers. Now it is boldly entering the advanced stage of competition, with its sights set on spearheading industry transition.

dlN6m.jpg

Epistar chairman Biing-jye Lee holds up a small AC LED light that can be directly plugged into a wall socket. Prospects for LEDs making inroads into home lighting applications seem as bright as the AC LED in Lee's hand.

In Taiwan's LED industry tales abound of millionaire job hoppers, loyal to neither company nor technology, but only themselves, jumping ship to serve the highest bidder in China.

It is spring in the Hsinchu Science Park, home of Epistar. At the Epistar factory, atoms are activated inside a more than 1,000-degree Celsius reactor. In a process called epitaxy, layer after layer of atoms are deposited on a sapphire substrate until, after eight hours, a thin film of tens of thousands of layers has been grown. The result is epitaxial crystalline layers that are thinner than one seventy-thousandth of the diameter of a human hair.

When a 20-ampere current is sent through an epitaxial crystal the size of a grain of sand at the core of a wafer no bigger than a fingernail, it instantly emits a bright white light. Epitaxy involves complex materials, and each layer requires different parameters in terms of temperature, current, and quantity. If just one parameter per layer is wrong, product quality will be badly affected.

China, with its huge LED market, is very keen to get its hands on upstream technology and therefore does whatever it takes to poach Taiwanese engineers who specialize in epitaxy technology.

Few can resist, as China beckons with salaries of US$1 million for a two-year contract. Whoever manages to deliver an epitaxy growth formula and set the parameters for metalorganic chemical vapor deposition (MOCVD) machines within these two years can take his million home.


"The ones in China now are all engineers who were involved back when we were doing 40 lumens-per-watt LEDs," says Epistar chairman Biing-Jye Lee, without the slightest trace of concern. He is so confident because Epistar's leading technological edge is founded not only on the development of 100 lumens-per-watt LEDs, but also in the management technology that controls the entire production line.

"While LED fabs are small, they have as many work stations within the production process as semiconductor fabs. There are more than 10 production processes, with all the various work stations linked together – it takes an entire system, and an entire team," explains the still rather scholarly Lee, who used to do research at the Industrial Technology Research Institute (ITRI).

Founded 13 years ago, Epistar posted losses in its first six years. But today it epitomizes Taiwan's competitive edge in the upstream LED industry.

One Million LED Cameras on Hold


LED technology is constantly changing. As the theoretical value of luminescence efficiency can reach 300 lumens per watt, the leading LED makers around the world are throwing themselves into R&D, in an all-out rush to achieve higher efficiency.

"Wordwide we are only at 100 lumens per watt, so everyone is making progress," Lee muses. "We need to be fast enough. As soon as you slow down, the others will overtake you," he says in describing the current race for ever brighter LEDs. In this technological R&D competition, however, Epistar has already made it into the ranks of Olympic gold medal hopefuls.

Robert Yeh, chairman of Everlight Electronics, a major customer and shareholder of Epistar, predicts confidently that Epistar will be able to catch up to US-based Cree, which makes the LED with the world's highest luminescence efficiency, "within one year."

ITRI Electronics & Optoelectronics Research Laboratories general director Yi-jen Chan observes that Epistar is as important in the LED industry as chip foundries TSMC and UMC are in the semiconductor industry. "Epistar is the TSMC and UMC of the LED industry," Chan declares. "It is siphoning off Taiwan's best optoelectronics talent."

Just how indispensable are the crystallites that Epistar produces?

A few years ago Japanese electronics maker Sony designed a digital camera with a built-in distance meter that used an orange LED lamp for auto focus. Epistar ramped up production, but still could not keep up with spiraling demand. As a result, 1 million Sony digital cameras were stuck on the production line for want of LEDs.

When enraged Sony managers called supplier Epistar demanding prompt delivery, Epistar staff hurriedly packed 1 million orange LEDs into a suitcase and flew it to Japan on the next available flight, despite bad typhoon weather.

Epistar's strategy of focusing on upstream products has paid off, since it now enjoys the ripple effects of its dominant position in LED components. It should not come as a surprise that midstream LED makers such as LiteOn Technology, Everlight, and the UMC Group have all scrambled to get a major stake in Epistar.

Winning the Patent Wars


While Epistar is still very small in scale, it has secured itself a very distinct position.

Epistar is like a tiny yet feisty tropical fish, courageously taking on a group of crocodiles. With an annual turnover of around NT$10 billion Epistar is squaring off with multinational giants that are twenty times bigger, such as Philips of the Netherlands, GE of the United States, Osram of Germany, and Toyoda Gosei and Nichia from Japan. Against this backdrop Epistar is forced to focus on upstream technology. Struggling inside a patent net that the international giants have cast over the entire industry, Epistar seeks to flexibly pursue its technological autonomy by continuously investing in R&D and developing patents. To date, the company owns more than 1,000 patents.

At the end of May, Epistar won a partial victory in a patent infringement suit filed by Philips Lumileds. The U.S. Court of Appeals for the Federal Circuit vacated a Limited Exclusion Order issued by the International Trade Commission (ITC) that barred import into the United States of third-party products using Epistar devices. More importantly, it overturned an earlier ITC ruling that Epistar could not contest validity of a Philips Lumileds U.S. patent with respect to third party products.

When Lee joined Epistar 13 years ago, his mission was to transfer ITRI technology to the private sector, and he did not give much thought to other issues.

But now that Epistar has become the largest supplier worldwide of red and yellow LEDs, and even has succeeded in becoming a supplier for South Korean electronics giant Samsung, manufacturing blue LED backlights for LCD TVs, Lee has set his sights even higher. He not only wants Epistar to gain technological autonomy, but also to spearhead the next wave of industry transition.

The threshold for entering Taiwan's LED industry has been consistently rising. Today the LED industry is no longer a game that can be played with small capital. It is on the verge of becoming a highly cyclical industry involving massive investment and high risk.

The best case in point is Samsung, the foremost rival and cooperative partner of Taiwan's high-tech industry.

Internal Samsung forecasts anticipate that once shipments of LED-backlit LCD TVs reach 30 percent of overall shipments, the company will need 200 MOCVD machines to satisfy demand for epitaxy crystallites. Presently, not a single company in Taiwan is able to produce such quantities.

Across Taiwan there are only about 350 to 400 MOCVD machines, half of the world's total. Epistar alone has only 120 machines for white LEDs.

Therefore, Samsung will be forced to take action itself. But once Samsung decides to invest, it will have to devote as much as NT$30 billion.

"In the past you only needed NT$1 billion to open an LED factory. But the big companies around the globe kept growing bigger, and now if you want to get into the LED industry, you need NT$30 billion," Lee observes.

Therefore Epistar, which has a paid-in capital of just NT$28 billion, has decided to raise more funds. This time the company needs to raise NT$20 billion to finance mergers and acquisitions. Evidently, Epistar has already chosen to enter the LED industry's advanced competition of high risk and high investment, regardless of the toll that it may take on the company.

Ten years ago when Epistar was still operating in the red, it defined its mission with the following slogan: "Lighting up life with LEDs."

"A decade later we have not yet achieved that goal. Back then it seemed virtually impossible, but at least we put a dream out there," says Lee with a chuckle, adding, "Now we have a slight chance."

Translated from the Chinese by Susanne Ganz"

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There are many Taiwanese/Taiwanese-American engineers in China. China has been gorging on a buffet of Taiwanese experts in various scientific fields.

For example, supercomputer expert Steve Chen has been working in Shenzhen. His knowledge about supercomputers has been transferred to his Chinese employees. Hence, you will see a new crop of Chinese supercomputer experts that have built on their knowledge derived from Steve Chen.

Steve Chen (computer engineer) - Wikipedia, the free encyclopedia

"Steve Chen (Chinese: 陳世卿; pinyin: Chén Shìqīng) (born 1944 in Taiwan) is a computer engineer and pioneer. Chen is the founder and CEO of Galactic Computing, a developer of supercomputing blade systems, based in Shenzhen, China.

Chen holds a M.S. from Villanova University and a PhD from the University of Illinois at Urbana-Champaign [1]. He is best known as the principal designer of the Cray X-MP and Cray Y-MP multiprocessor supercomputers. Chen left Cray Research in 1987. With IBM's financial support, Chen founded Supercomputer Systems Incorporated in January 1988. SSI was devoted to development of the SS-1 supercomputer, which was nearly completed before the money ran out. The Eau Claire, Wisconsin-based company went bankrupt in 1993, leaving more than 300 employees jobless. An attempt to salvage the work was made by forming a new company, SuperComputer International (SCI), later that year. SCI was renamed Chen Systems in 1995. It was acquired by Sequent Computer Systems the following year. John Markoff, a technology journalist, wrote in the New York Times that Chen was 'considered one of the nation's most brilliant supercomputer designers while working in this country for the technology pioneer Seymour Cray in the 1980s.'"
 
Chinese researchers develops first truly quantum router | China's Great Science and Technology
Chinese researchers develops first truly quantum router
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2012-09-04 — Chinese researchers have demonstrated a working quantum router that, for the first time, uses quantum control signals to route the quantum data, according to MIT’s Technology Review blog.

Historically, routing quantum information has been very difficult because of the peculiar nature of the quantum world. A classical router uses control signals to work out where data needs to be sent. But in quantum mechanics, the act of reading the control signal also destroys it. This fact makes quantum signals proof against most eavesdropping attempts: great for secure communications, less so for getting the data to where you want it to go.

Until now, this issue has been dealt with by using classical control signals, but now the Chinese researchers report a way of using quantum control signals instead.

The technique takes advantage of superposition — the ability of a quantum particle to exist simultaneously in more than one state — and entanglement.

Entanglement is a weird property of quantum particles, which Einstein called “spooky action at a distance”. Essentially, two entangled particles are linked in a way that has no equivalent in the classical world. No matter how far apart they might be, entangled particles retain a link, so that an action performed on one produces a result on the other.

According to Technology Review, the device demonstrated by the Chinese researchers takes advantage of this property.

The routing information is contained in the polarisation of a photon — either horizontal or vertical. The researchers start with a single photon that is polarised both horizontally and vertically. This is superposition. They then convert this single photon to a pair of entangled photons, each of which is in the same superposition of states.

The router reads the polarisation of one of the pair to determine the route the other will take.

Xiuying Chang and colleagues at Tsinghau University in China describe the breakthrough in their 31 July paper as, “The first proof-of-principle demonstration of a genuine quantum router”.

However — and there is always a however with quantum mechanics — the router will not scale.

As the MIT blog explains: “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.”
 
China revises up 2011 GDP growth to 9.3 percent from 9.2 percent
BEIJING: China revised up its 2011 gross domestic product to 9.3 percent, from an initial reading of 9.2 percent, the statistics bureau said on Wednesday, adding that the world's No. 2 economy was worth 47.3 trillion yuan ($7.45 trillion) last year.

Under the revision, growth in China's agricultural sector was pared to 4.3 percent from 4.5 percent, while growth in the manufacturing industry was lowered to 10.3 percent from 10.6 percent.

Growth in the services sector, however, was raised to 9.4 percent from 8.9 percent.
China revises up 2011 GDP growth to 9.3 percent from 9.2 percent - The Economic Times
 
China revises up 2011 GDP growth to 9.3 percent from 9.2 percent
BEIJING: China revised up its 2011 gross domestic product to 9.3 percent, from an initial reading of 9.2 percent, the statistics bureau said on Wednesday, adding that the world's No. 2 economy was worth 47.3 trillion yuan ($7.45 trillion) last year.

Under the revision, growth in China's agricultural sector was pared to 4.3 percent from 4.5 percent, while growth in the manufacturing industry was lowered to 10.3 percent from 10.6 percent.

Growth in the services sector, however, was raised to 9.4 percent from 8.9 percent.
China revises up 2011 GDP growth to 9.3 percent from 9.2 percent - The Economic Times

this happens like every year
 
Alibaba to pass Amazon, eBay in transaction value


(Reuters) - China's largest e-commerce firm, Alibaba Group, expects to sell merchandise this year worth more than that sold by Amazon Inc and eBay combined, Alibaba's chief strategy officer said on Saturday.

The company is aiming for 3 trillion yuan ($473 billion) in annual transaction value from its Taobao e-commerce units in the next 5 to 7 years, Zeng Ming told reporters.

Alibaba's founder, Jack Ma, said last year that Taobao's transaction value for 2012 would reach 1 trillion yuan. The company has not said what percentage of online sales come from Taobao, but it is the crown jewel of the Alibaba Group and its profit engine.

"From their annual reports we did a rough calculation and we were similar last year but we are growing faster than them this year, so this year we are probably larger than them," Zeng said of Amazon and eBay, America's top online retailer and auction site.

"The gap is just going to get bigger and bigger when we grow faster," he said.

In May, Alibaba ended more than two years of often fractious negotiations with Yahoo Inc to buy back much of a stake held by the U.S. web giant and, crucially, reduce the voting power of foreign stakeholders including Yahoo and Japan's Softbank Corp.

As part of the deal with Yahoo, there are incentives for Alibaba to list its shares by December 2015. The company has said there is no timetable for a listing. This year, Alibaba took its Alibaba.com unit private.

China's Alibaba to pass Amazon, eBay in transaction value: executive | Reuters


This is simply amazing! I guess having a big population is the number one criteria to be strong country- economically and militarily.
 
China approves infrastructure package valued over 1 trillion yuan ($157 billion)

SHANGHAI -- China has approved a massive infrastructure package worth more than 1 trillion yuan (US$158 billion), state media said Friday, as the government seeks to boost the flagging economy.

The top economic planner, the National Development and Reform Commission, this week announced approval of 55 infrastructure projects ranging from subway lines to highways, reports said.

The China Securities Journal said the 1-trillion-yuan figure was a “conservative estimate” for spending on projects announced Wednesday and Thursday.

The government needed to open more funding channels for infrastructure, including allowing banks to relax controls on credit for projects, the newspaper quoted unnamed industry sources as saying.

more: China approves infrastructure package valued over 1 tril. yuan - The China Post
 
Financial collapses may have different immediate triggers, but they all originate from the same cause: an explosion of credit. This iron law of financial calamity should make us very worried about the consequences of easy credit in China in recent years. From the beginning of 2009 to the end of June this year, Chinese banks have issued roughly 35 trillion yuan ($5.4 trillion) in new loans, equal to 73 percent of China's GDP in 2011. About two-thirds of these loans were made in 2009 and 2010, as part of Beijing's stimulus package. Unlike deficit-financed stimulus packages in the West, China's colossal stimulus package of 2009 was funded mainly by bank credit (at least 60 percent, to be exact), not government borrowing.

Are Chinese Banks Hiding “The Mother of All Debt Bombs”? | The Diplomat

It's coming, get ready. I see People's bank doing the same mess as was done here and in the US. Financing bad projects including infrastructure that wont yield a return on investment just to keep the economy looking alive, lor in China's case, giving the perception of huge growth.

With this said, CCP has a lot of room to maneuver (forex) and keep it looking like it's afloat for quite some time.

Good luck in any case.
 
Are Chinese Banks Hiding “The Mother of All Debt Bombs”? | The Diplomat

It's coming, get ready. I see People's bank doing the same mess as was done here and in the US. Financing bad projects including infrastructure that wont yield a return on investment just to keep the economy looking alive, lor in China's case, giving the perception of huge growth.

With this said, CCP has a lot of room to maneuver (forex) and keep it looking like it's afloat for quite some time.

Good luck in any case.

anytime you see the west run into financial trouble they begin to put out a lot more article on how china is gonna burst. its quite sad really, their predictions are wrong every time but they keep coming. they worry about chinese banks but turn a blind eye to western banks...you know the ones that caused this crysis in the first place? and guess what, nothing have been done to fix the system, too big to fail have actually only gotten bigger since 2008 and with that more political power.

heres something that sums it up nicely
in china the banks serve the government, in the west the government serve the banks.
 
anytime you see the west run into financial trouble they begin to put out a lot more article on how china is gonna burst. its quite sad really, their predictions are wrong every time but they keep coming. they worry about chinese banks but turn a blind eye to western banks...you know the ones that caused this crysis in the first place? and guess what, nothing have been done to fix the system, too big to fail have actually only gotten bigger since 2008 and with that more political power.


I expected this kind of a reply. Keep sticking your head into the sand further, but remember me next year around this time.
Hopefully nothing too shocking will happen, but it all boils down to how many bad loans the banks were forced to give out in the last 3 years in order to display an image of growth.
Your bot buddy Chinese dragon posted a nice graph in another thread-the composition of China's growth-in the last 3 years-that is from the start of the crisis in 2008 exports have been largely failing in driving growth, and on the rise was investment and some other factor. And here is the crux of the issue, how many % of that investment is bad.

This is why your gov was pressing so hard on Merkel this last time around she visited. They know they need the exports, because continuously investing cannot go on forever.

heres something that sums it up nicely
in china the banks serve the government, in the west the government serve the banks.

In China the banks are owned by the government.
 
I don't think the investment is 'bad' given the fact that investment/capital per capita is and will be far below the average level of the West. People are buying cars and houses and there comes more needs in infrastructure section. Export is only section that got slowed down but export to emerging markets (which made up about half of China's export) still looks good.

FYI No country in the world has the power to drag China's economic growth down to 0%. Please just don't flatter yourself.

In China the banks are owned by the government.


This statement is literally wrong and shows how ignorant you are about how China's economy works.

Banks in China are owned by their stakeholders. Central government does hold significant shares of some banks as well as local governments, public and private funds, domestic and foreign investors.
 
I don't think the investment is 'bad' given the fact that investment/capital per capita is and will be far below the average level of the West. People are buying cars and houses and there comes more needs in infrastructure section. Export is only section that got slowed down but export to emerging markets (which made up about half of China's export) still looks good.

FYI No country in the world has the power to drag China's economic growth down to 0%. Please just don't flatter yourself.

I didn't say that.
People are buying houses and cars on credit, they loose their job because of xyz reason, bank gets left with nothing. That bank got the money from the central gov, which is pumping the banks like the West does. Its logical something will give, you just dont want to see it.

the accolade's you receive from aspiring friends on this forum have most likely clouded your judgment.



This statement is literally wrong and shows how ignorant you are about how China's economy works.

Banks in China are owned by their stakeholders. Central government does hold significant shares of some banks as well as local governments, public and private funds, domestic and foreign investors.

lol, ok, nevermind the fact you contradicted yourself in a space of 10 words. Keep drinking the kool aid.
 
I expected this kind of a reply. Keep sticking your head into the sand further, but remember me next year around this time.
Hopefully nothing too shocking will happen, but it all boils down to how many bad loans the banks were forced to give out in the last 3 years in order to display an image of growth.
Your bot buddy Chinese dragon posted a nice graph in another thread-the composition of China's growth-in the last 3 years-that is from the start of the crisis in 2008 exports have been largely failing in driving growth, and on the rise was investment and some other factor. And here is the crux of the issue, how many % of that investment is bad.

This is why your gov was pressing so hard on Merkel this last time around she visited. They know they need the exports, because continuously investing cannot go on forever.



In China the banks are owned by the government.

see the problem isn't that my head is in the sand, maybe you should get out and read more than just the china doomsayer(who btw has been wrong every year for the last 30 years) i am perfectly aware that the economy is unbalance, the chinese government has said so themselves, but it is not so bad that we should panic as the article would like us to.

and you know what. i am will to "remember" you this time next year and will to bet that the chinese economy will continue to grow this time next year with no bank/bad loan bubble bursting.

and as other have already pointed out, Chinese bad loan percentage is highish for a developed country, however china is not a developed country and its bad loan % is in fact better than average for a developing country and certainly much better than 15 years ago, what happened 15 years ago? oh right 10% + growth a year.

and it tells alot when the only thing you can cite for a bad chinese economy is a bad western economy that led to a decline in exports.

and also trade with germany is good for both, why shouldnt china push for more trade regardless of whether the economy is good or bad?
 

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