China Economy Forum

[TaiShang]

All those sweet talks put aside, right now I am quite worried about chinese investment in Greece, as their reputation and commitment for foreign "inputs" are "shaking"

Obviously, they are going through some though times. But, as you know, crisis also means opportunity

CHINA & GREECE PARTNER FOR JOINT MILITARY DRILLS AS ‘GREXIT’ LOOMS

AP Photo/Petros Giannakouris
by JORDAN SCHACHTEL17 Feb 20153


China’s Navy arrived in Greece on Monday amid concerns that the country is considering an exit from the European Union.

The 18th Chinese naval fleet arrived in Piraeus, Greece on Monday to commence a four-day visit of the country. The Chinese navy was welcomed by Greek Rear Admiral George Leventis who, along with other official state representatives, held a welcoming parade for the Chinese sailors, China’s state-run Xinhua reports.

During the fleet’s visit, Chinese Rear Admiral Zhang Chuanshu will meet Greek President Karolos Papoulias.

The 18th fleet had previously visited the U.K., Germany, Netherlands, and France before being received in Greece. The two countries will reportedly hold joint military exercises before the Chinese fleet departs for its homeland.

European Union leaders have reportedly given Greece an ultimatum. They told Athens that they have until Friday to continue the structure of a previously agreed upon bailout program. Otherwise, their funding for the bailout may be pulled should Athens not comply.

Greece’s bailout funding is set to expire at the end of February, creating concerns that the EU is entering an unknown area if Greece becomes the first member of the Euro currency to leave the group.

Greek Finance Minister Yanis Varoufakis remained defiant, telling reporters that he would not consider seriously such an ultimatum. “In the history of the European Union, nothing good has ever come out of ultimatums. I have no doubt that in the next few days any notion of an ultimatum is going to be withdrawn,” he said.

The EU’s concerns over Athens’s monetary situation became exponentially more prevalent following its election of the far-left Syriza coalition, which has pledged to fight austerity measures.

 

[TaiShang]

Green light for US$300m London Taxi Factory
February 20, 2015

The Chinese-owned London Taxi Company has been given the go-ahead to build a new US$300 million British headquarters and production factory on Wednesday.

The development is described as being a state of the art facility for research, development and assembly of high technology electric vehicles, including the next generation of London taxi.

The site, In Rugby, will be the London Taxi Company's new headquarters and will include a substantial research and development department, supply chain team, global sales and marketing and administrative functions necessary to support the assembly operations of the new vehicles.

Two years ago London Taxi Company became part of the Zhejiang Geely Holding Group.

The company says it intends to invest in the new site to help develop advanced green taxi technology over the next five years with the aim of launching a zero-emission electric powered London taxi by 2018.

The London Taxi Company is already the leading global manufacturer and retailer of the purpose-built London Taxis, now an international icon.

The company has two manufacturing plants, one in Coventry - the city where the iconic Fairway London Taxi was born - and one in Shanghai, which produces vehicles for export markets, the company said on its website.

The move to Rugby will mean the company quitting its long-established Coventry base - just 21 kilometers from Coventry - but the company views the new factory as part of a five-year investment plan, creating an initial 550 jobs with scope for future expansion that could potentially lead up to the creation of 1,000 jobs.

It is anticipated that approximately 12,000 of the specialist vehicles will be produced based each year on a single shift system.

Business leaders and local politicians welcomed the move and hailed it as a significant step forward in realising the area's strategy economic plan for creating growth in the advanced manufacturing sector.

Cllr Carolyn Robbins, chair of Rugby Council's Planning Committee said on Tuesday the committee gave their unanimous backing to the project.

"We are delighted the London Taxi Company has chosen Rugby as its new location. We hope it will attract other innovative businesses to our borough," she told Xinhua.

 

[TaiShang]

Jakarta to revive Chinatown district to boost tourism
ENGLISH.CNTV.CN|BY ZHANG JINGYA

In Jakarta, Indonesia, authorities have recently established a consortium of private and state-owned enterprises to revive its Chinatown district, also known as Old Town. It seeks to promote tourism and nominate it for a UNESCO World Heritage listing. And as Andy Saputra finds out, the project is so much more than renovating old building.

This was one of the biggest trading post in southeast asia.. THE port city to be in during late 1700's. But years of neglect has left what was once called the Asia Jewel and Queen of the East by Europe sailors dilapidated. Now simply called "Kota Tua" or literally means old town.

Realizing this, Han, a respected architect, joins in JOTRC, a consortium of state and private entities that will focus on the renovation of 85 of the area’s noted buildings. New buildings Giving a new look to the old town the revitalization project is already underway, turning many of the old, crumbling buildings and transform them into striking examples of architecture from a by-gone.
And the project's aim is even higher, a complete restoration of the old town by 2018 and put this cultural and heritage center in the running for a UNESCO world heritage site status.

And that is the main challenge, although the renovation work is a priority, the most important aspect in the program is reintroducing people to Old Town. A place where many different cultures from immigrants such as the Portuguese, Dutch, Japanese and including chinese were assimilated with the local culture. An issue that Indonesia has been struggling with in recent years.

For Jakarta, the revitalization of the old town means so much more than renovating old buildings, it signifies a city that is coming to terms with its' own heritage.

 

[Tresbon]

By Alexia Vlachou, February 20, 2015

ATHENS, Feb. 19 -- Greek Prime Minister Alexis Tsipras on Thursday praised bilateral cooperation between his country and China and sent best wishes to Chinese people for the Chinese Lunar New Year.

"We will seek new ways of cooperation between the Greek state and the Chinese side," Tsipras said in a speech delivered at a reception hosted by the 18th escort fleet of the Chinese navy at Piraeus port.

Tsipras said his government will support China's shipping conglomerate COSCO's investment at Piraeus port, as well as Chinese investments in other sectors across Greece.

He expressed confidence that Piraeus port, as a key gateway for the delivery of Chinese products to Europe, can become a leading trade hub on a European and international level.

Tsipras added that there was great potential for bilateral cooperation in transports, railways, as well as in the tourism and culture fields.

The Prime Minister hailed the historical strong Sino-Greek ties, noting that cooperation, in particular in the maritime sector, was a solid basis for strengthening collaboration in other sectors in recent years.

Chinese Ambassador to Greece Zou Xiaoli, Fleet Commander Rear Admiral Zhang Chuanshu and other Chinese officials welcomed the Greek leader and other dignitaries in the reception to celebrate the Chinese Lunar New Year, which falls on Thursday.

Thursday's event was attended among others by Alternate Greek Shipping Minister Theodoris Dritsas, Defense Minister Panos Kammenos and Piraeus Port Authority chief Yorgos Anomeritis.

Addressing the ceremony, Rear Admiral Zhang referred to Greece's help in the evacuation operation of thousands of Chinese nationals from war-torn Libya by Greek ships in recent years.

"Greece will always stand by the side of Chinese people when needed," Tsipras said, underlining the significance of bilateral collaboration in such operations in Libya and in Albania in the past.

Speaking to Xinhua, Greece's Defense Minister Panos Kammenos highlighted the significance of the cooperation of the two countries in the defensive sector.

"The visit of the 18th escort fleet of the Chinese navy is a great honor. It proves that good cooperation between the two nations can continue, and apart from the business sector, it can be extended in the defense industry," he told Xinhua.

Chinese Ambassador to Greece Zou Xiaoli remarked that both Greece and China have contributed greatly to the ancient oceanic civilization and the blue ocean brings the two countries closer today. Zou said China wishes to enhance cooperation with Greece and achieve prosperity together.

"I am confident that the traditional friendly Sino-Greek relationship will be further developed based on the principle of mutual respect, mutual trust and win-win cooperation, benefiting the two peoples and making greater contribution to regional peace and cooperation, " said Zou.

Three ships of the People's Liberation Army Navy (PLA Navy) of the 18th escort fleet sailed in the port of Piraeus on Monday, after taking part in international operations against piracy in the Gulf of Aden and off Somalia's coasts.

The 18th Chinese naval escort fleet concludes the visit to Greece on Friday, ending a tour across Europe which also included Britain, Germany, the Netherlands and France.

 

[TaiShang]

Sri Lankan President to visit China, Pakistan and the US this year

Thu, Feb 19, 2015, 07:55 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 19, Colombo: President of Sri Lanka Maithripala Sirisena is to visit China, Pakistan and the United States this year.

The President yesterday concluded his first official visit to India after assuming office. Indian Prime Minister Narendra Modi is expected to visit Sri Lanka on March 13th.

President Sirisena is expected to make his next official visit to China and then to Pakistan afterwards.

Meanwhile, Cabinet Spokesperson Minister Rajitha Senaratne said the President is also expected to travel to the United States on a state visit this year and US Secretary of State John Kerry would also be undertaking a visit to Sri Lanka soon.

 

[j20]

 

[bolo]

I rather eat dumplings,lol

 

[StarCraft_ZT]

Any Chinese member to show his Hongbao account balance?

 

[Yizhi]

Any Chinese member to show his Hongbao account balance?

you first then we shall follow....

 

[BoQ77]

Western giving China the chance to spend much of China electricity.
For Apple, China used much of resources and electricity to provide them hundreds million of Iphone.

Other countries only need to use charger to power the Iphone. And of course use much less electricity, and enjoy cheaper Iphone in their country.

When China enjoy the "pride" the top of steel maker, China forget they must spend much electricity for that. It's bad, not good.
The importers never have to spend those electricity

 

[TaiShang]

It is by no coincidence that China is the largest trading nation on earth.

Besides, China is world leader in energy produced through renewables.

I wonder how much energy dirty Vietnam textile factories (owned by Taiwan) consume. No much, I reckon.

 

[IN-2030]

Am i only one who wonder that how GDP of zhejiang will be 4times of current gdp size after 10 years?!!(if gdp per capita of zhejiang will be eual to gdp per capita of japan)
This will happen only if gdp will grow annualy 14.86% over 10 years...currently gdp of china is growing at 7% and will further slow down...correct me if i am wrong

 

[BoQ77]

Am i only one who wonder that how GDP of zhejiang will be 4times of current gdp size after 10 years?!!(if gdp per capita of zhejiang will be eual to gdp per capita of japan)
This will happen only if gdp will grow annualy 14.86% over 10 years...currently gdp of china is growing at 7% and will further slow down...correct me if i am wrong

GDP is nothing.
If Intel invests a plant in Maldives, with turnover 10 billion dollars,
the GDP per capita of Maldives would be raised up nearly 30,000 USD per capita , after 2 years.

 

[Hamartia Antidote]

Lenovo PCs ship with man-in-the-middle adware that breaks HTTPS connections [Updated] | Ars Technica

Lenovo is selling computers that come preinstalled with adware that hijacks encrypted Web sessions and may make users vulnerable to HTTPS man-in-the-middle attacks that are trivial for attackers to carry out, security researchers said.

The critical threat is present on Lenovo PCs that have adware from a company called Superfish installed. As unsavory as many people find software that injects ads into Web pages, there's something much more nefarious about the Superfish package. It installs a self-signed root HTTPS certificate that can intercept encrypted traffic for every website a user visits. When a user visits an HTTPS site, the site certificate is signed and controlled by Superfish and falsely represents itself as the official website certificate.

Even worse, the private encryption key accompanying the Superfish-signed Transport Layer Security certificate appears to be the same for every Lenovo machine. Attackers may be able to use the key to certify imposter HTTPS websites that masquerade as Bank of America, Google, or any other secure destination on the Internet. Under such a scenario, PCs that have the Superfish root certificate installed will fail to flag the sites as forgeries—a failure that completely undermines the reason HTTPS protections exist in the first place.

[Update: Rob Graham, CEO of security firm Errata Security, has cracked the cryptographic key encrypting the Superfish certificate. That means anyone can now use the private key to launch man-in-the-middle HTTPS attacks that won't be detected by machines that have the certificate installed. It took Graham just three hours to figure out that the password was "komodia" (minus the quotes). He told Ars the certificate works against Google even when an end-user is using Chrome. That confirms earlier statements that certificate pinning in the browser is not a defense against this attack (more about that below). Graham has a detailed explanation how he did it here.]

The adware and its effect on Web encryption has been discussed since at least September in Lenovo customer forum threads such as those here and here. In the latter post, dated January 21, a user showed a root certificate titled Superfish was installed:

 

[Imran Khan]

thats good you can learn hacking from day one now