China Economy Forum

[Globenim]

Looks like Americans got out of touch with building civilian infrastructure, after all the years of only building war assets and destroying civilian infrastructure of foreign countries... I mean "the axis of evil", "weapons of massdestruction" or was it "terrorists"?

 

[mike2000]

Given a credible alternative，who in his right mind would risk national and financial security with products that are known to have backdoors that lead to the NSA and other intelligence agencies of the US？

lool yes i agree with you, There is still no credible/up to standard alternative to U.S tech products, until then China has no choice but to keep using them i suppose.Im sure if China had up to par high end servers/tech products like IBM,Oracle, Microsoft, Android/IOS, etc they will be using theirs instead of Foreign ones. Reason why U.S software tech products still dominate the market there.

 

[cirr]

President Xi's upcoming visit to further China-Mongolia economic ties: Mongolian lawmaker

(Xinhua) 12:25, August 16, 2014

ULAN BATOR, Aug. 16 -- Chinese President Xi Jinping's upcoming state visit to Mongolia will significantly promote the economic relations between the two countries, a Mongolian lawmaker said.

Mongolia and China are enhancing their economic relationship and Mongolia's hard currency revenue has increased as most of its exports, especially coal and copper concentrate, go to China, Dulamsuren Oyunkhorol, from the opposition Mongolian People's Party, was quoted by Mongolian news website www.news.mn | Мэдээллийн эх сурвалж as saying.

The lawmaker urged Mongolia to learn from the experiences of China's Inner Mongolia Autonomous Region in supplying solar and power energy, increasing the productivity of livestock animals and improving herders' quality of life.

In 2011, China's Inner Mongolia Autonomous Region and Mongolia started a cooperative project designed to reduce pastureland overgrazing, increase output of cashmere and meat, as well as supply solar power to herder households to meet their demand in both production and life.

"It is important for Mongolia to work with the Chinese side, especially the Inner Mongolian Autonomous Region's academic and research institutions and herders to improve the livelihood of our herders," said Oyunkhorol.

President Xi will pay a state visit to Mongolia at the invitation of Mongolian PresidentTsakhiagiin Elbegdorj from Aug. 21-22.

President Xi's upcoming visit to further China-Mongolia economic ties: Mongolian lawmaker - People's Daily Online

 

[cirr]

Bloomberg News

Mongolia Seeks China Gas Accord to Boost Foreign Investment

By Michael Kohn and Yuriy Humber July 23, 2014

Mongolia is seeking to sign a gas project and supply accord with China next month, in a deal that would help the world’s second-largest economy expand energy supplies and potentially revive foreign investment in Mongolia.

The agreement will cover construction of two coal-to-gas plants with 95 percent of output going to China through pipelines, Erdenebulgan Oyun, Vice Minister for Mining said yesterday in an interview in Ulaanbaatar. Gas production is expected to begin in 2019, he said.

A preliminary contract with China Petrochemical Corp., known as Sinopec Group, may be signed in August during an expected visit by Chinese President Xi Jinping, Chuluunbat Ochirbat, Mongolia’s Vice Minister for Economic Development, said today in an interview in Tokyo. Final details including cost, size and who will mine the coal needed for the plants, are yet to be agreed, he said.

Any deal with Mongolia would come after Russia in May reached a $400 billion deal to supply natural gas to China as the Asian nation secures supplies abroad to meet rising domestic demand. For Mongolia, an accord would come amid slumping foreign investment that’s down 64 percent this year and may help shift the nation’s reliance on the Oyu Tolgoi copper and gold mine.

October MOU

“Sinopec has taken several trips to do due diligence in Mongolia and it is still under way,” Chuluunbat said in Tokyo, where he’s attending an investment summit. “Mongolia has coal reserves which are suitable for gasification.”

Xi will visit Mongolia on Aug. 21 said Chuluunbat. China has not officially confirmed the visit. The Ministry of Foreign Affairs in Beijing today didn’t reply to a fax about Xi’s trip to Mongolia.

Sinopec Group Chairman Fu Chengyu signed on Oct. 25 a memorandum of understanding for a coal gasification project in Mongolia with Jigjid Rentsendoo, Secretary of State of the Ministry of Mines of Mongolia, according to a statement that month on the Chinese state-controlled group’s website that didn’t give further details.

A Sinopec Group’s Beijing-based spokesman didn’t answer two calls to his office seeking comment today.

About 80 million metric tons of lignite coal will be extracted annually to produce the gas at the plants, Erdenebulgan said. According to both vice ministers, the plants could produce 15 billion cubic meters of gas a year. Chuluunbat estimated the cost of building a project of that size at $3 billion to $5 billion, and said the scale of the development could be increased.

By comparison, China’s gas contract with Russia is for 38 billion cubic meters a year.

“We have an ambition to sell more products to China, other than just raw materials. We want to export finished products like natural gas,” said Erdenebulgan. “Lignite can’t be exported, but we can convert it to gas and export it.”

To contact the reporters on this story: Michael Kohn in Ulaanbaatar at mkohn5@bloomberg.net; Yuriy Humber in Tokyo at yhumber@bloomberg.net

To contact the editors responsible for this story: Jason Rogers at jrogers73@bloomberg.net Madelene Pearson

 

[Kolaps]

CIA told me, you forget to CONTROVERSIAL word in the tittle!

And HEROIC narrative if US companies involved.

The article above is NOT VALID, as it forget the very basic thing of journalism ethical.


May be this thread should LOCKED or DELETED.

 

[Kyle Sun]

Great Project ! So many tunnels and bridges!
even if it is built in flat area ,such as Beijing ,it is still very difficult to finish this job.
And now We get this done in 4 years under the worst geological environment.

 

[cirr]

Updated: Monday August 18, 2014 MYT 10:06:03 AM

Hyundai plans two new car plants in China: report

Hyundai Motors is reportedly planning two new plants in Beijing and Chonqging, with both plants set to come on-line in 2016 - EPA Photo


SEOUL: Hyundai Motor Co plans to remodel a car assembly plant belonging to a Chinese partner, a newspaper reported – a move which could help pave the way for the South Korean automaker to build a separate factory in western China.

Hyundai, which currently only has factories in eastern China, has said it is keen to build a plant in China's southwestern city of Chongqing, which would help it tap growing demand in western parts of the country.

But it has yet to gain the approval of China's central government, with South Korean media saying that it is under pressure to build a plant in the northeastern province of Hebei.

Hyundai now plans to remodel a Beijing plant owned by its Chinese partner, Beijing Automotive Industry Holding Co Ltd, in addition to pursuing its plans with its partner for a factory in Chongqing, said the Korea Economic Daily, citing the automaker and the South Korean government.

Both plants are set to come on line in 2016, it said.

A Hyundai Motor spokesman was not immediately available for comment. A spokesman for Korea's industry ministry declined to comment. – Reuters

http://www.thestar.com.my/Business/...ndai-plans-two-new-car-plants-in-China/?flv=1

 

[cirr]

China Will Influence Half Of All Electronics Hardware Design Worldwide: Report

By Harichandan Arakali@bangalorejournoh.arakali@ibtimes.com

on August 18 2014 3:58 AM

Beijing, China Lei Jun, founder and CEO of China's mobile company Xiaomi, shows new photograph features at a launch ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. China's Xiaomi unveiled on Tuesday its new flagship Mi 4 smartphone, aimed squarely at the premium handset market dominated by Apple Inc and Samsung Electronics Co Ltd. REUTERS/Jason Lee


China’s renewed push to build a large semiconductor technology ecosystem, and cut its heavy dependence on imports of integrated circuits and other components, could have wide-ranging consequences for global semiconductor companies, according to a report from consulting firm McKinsey.

The effort could result in the country influencing as much as half of all electronics hardware design, Gordon Orr, director of McKinsey's Shanghai office, and Christopher Thomas, an associate principal at the firm's Beijing office, wrote this month in a report titled, ‘Semiconductors in China: Brave new world or same old story.’

Although China, which the report says is “by far the largest consumer of semiconductors” and accounts for about 45 percent of the worldwide demand for chips used both in China and for exports, more than 90 percent of its consumption relies on imported integrated circuits.

However, after previous attempts to alter this imbalance didn’t really take off, the Chinese government has changed its policy to try a market-driven plan to manufacture more semiconductor components locally, according to the report.

Now, the Chinese government has created a task force to oversee the development of the local semiconductor industry and has released a policy framework that plans to invest as much as 1 trillion renminbi ($170 billion) over the next five years to 10 years and grow the sector at a compounded annual rate of 20 percent between now and 2020, according to the report. And, the environment is also ripe for such a push, the McKinsey consultants suggest.

"Multinational corporations in every industry—from automotive to industrial controls to enterprise equipment—increasingly are establishing design centers on the mainland to be closer to customers and benefit from local Chinese talent."

More than 50 percent of PCs and between 30 percent and 40 percent of semiconductor chips found in applications including cars, industrial machines, consumer electronics and medical devices have content designed in China, either directly by mainland companies or labs of multinational companies based in China, the report says, citing McKinsey’s own research.

"As the migration of design continues, China could soon influence up to 50 percent of hardware designs globally (including phones, wireless devices, and other consumer electronics)," the report says.

China Will Influence Half Of All Electronics Hardware Design Worldwide: Report

 

[PK_Patriot]

China Will Influence Half Of All Electronics Hardware Design Worldwide: Report

By Harichandan Arakali@bangalorejournoh.arakali@ibtimes.com

on August 18 2014 3:58 AM

Beijing, China Lei Jun, founder and CEO of China's mobile company Xiaomi, shows new photograph features at a launch ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. China's Xiaomi unveiled on Tuesday its new flagship Mi 4 smartphone, aimed squarely at the premium handset market dominated by Apple Inc and Samsung Electronics Co Ltd. REUTERS/Jason Lee


China’s renewed push to build a large semiconductor technology ecosystem, and cut its heavy dependence on imports of integrated circuits and other components, could have wide-ranging consequences for global semiconductor companies, according to a report from consulting firm McKinsey.

The effort could result in the country influencing as much as half of all electronics hardware design, Gordon Orr, director of McKinsey's Shanghai office, and Christopher Thomas, an associate principal at the firm's Beijing office, wrote this month in a report titled, ‘Semiconductors in China: Brave new world or same old story.’

Although China, which the report says is “by far the largest consumer of semiconductors” and accounts for about 45 percent of the worldwide demand for chips used both in China and for exports, more than 90 percent of its consumption relies on imported integrated circuits.

However, after previous attempts to alter this imbalance didn’t really take off, the Chinese government has changed its policy to try a market-driven plan to manufacture more semiconductor components locally, according to the report.

Now, the Chinese government has created a task force to oversee the development of the local semiconductor industry and has released a policy framework that plans to invest as much as 1 trillion renminbi ($170 billion) over the next five years to 10 years and grow the sector at a compounded annual rate of 20 percent between now and 2020, according to the report. And, the environment is also ripe for such a push, the McKinsey consultants suggest.

"Multinational corporations in every industry—from automotive to industrial controls to enterprise equipment—increasingly are establishing design centers on the mainland to be closer to customers and benefit from local Chinese talent."

More than 50 percent of PCs and between 30 percent and 40 percent of semiconductor chips found in applications including cars, industrial machines, consumer electronics and medical devices have content designed in China, either directly by mainland companies or labs of multinational companies based in China, the report says, citing McKinsey’s own research.

"As the migration of design continues, China could soon influence up to 50 percent of hardware designs globally (including phones, wireless devices, and other consumer electronics)," the report says.

China Will Influence Half Of All Electronics Hardware Design Worldwide: Report

Hope this will end the semiconductor dominance of the US!

 

[cirr]

Hope this will end the semiconductor dominance of the US!

This is definitely a scenario worth keeping a keen eye on in the next 5-10 years。

 

[TaiShang]

State Great Khural announces a special session
August 15, 2014

The State Great Khural announced a special session on the occasion of Chinese President Xi Jinping’s visit on August 22nd. President Xi Jinping will pay a two-day visit to Mongolia upon the invitation of President Ts.Elbegdorj on August 21 and 22. This is the first visit by a Chinese president to Mongolia since the last high level visit by China’s former President Hu Jintao in 2003. President Xi Jinping is expected to deliver a speech to the special session of the State Great Khural during his visit.

 

[Edison Chen]

China, Mongolia are neighbors, but they look strange to me, not usually heard anything about them, why

 

[Beast]

China, Mongolia are neighbors, but they look strange to me, not usually heard anything about them, why

Mongolia are anti-Chinese due to the long history of war between each other but being land lock between China and Russia. They do not have much option since they are neglected by Russian but to go back negotiation table with the Chinese.

 

[55100864]

Mongolian been brainwashed for decades by USSR to hate china, they been heavily russianized.

 

[Beast]

Mongolian were brainwashed for decades by USSR to hate china, they been heavily russianized.

Truth, they write in Russian rather than Mongolia script as oppose to the Mongolian in inner Mongolia who speak and write in Mongol.

But even without Russian propaganda, they will hate Chinese. They have the proud history of once conquering whole China. Being under rule of Qing dynasty to them is a pill hard to swallow. Even their Genghis khan tomb is located in China rather than Mongolia.