What's new

China Economy Forum

China South Rail (CSR) acquired 100 percent of a British ocean engineering company's share for 130 million pounds (190 million U.S. dollars) to fill deep-sea robot industry gaps in China

Zhuzhou China South Rail Times Electric Co (CSR Times Electric), a subsidiary of CSR, signed an acquisition deal with Specialist Machine Developments (SMD), a British deep-sea robot and sub-sea engineering machinery manufacturer.

The British company, located in Newcastle, offers equipment for deep ocean applications, including underwater engineering machines and remotely operated underwater vehicles that work in hazardous environments worldwide.

The acquisition is expected to help China obtain core deep-sea robotic technology and equipment, according to CSR.

China South Rail acquires British deep-sea specialist company - People's Daily Online


Huh..........how can an insignificant island that lags far behind China technologially, help China obtain core deep-sea robotic technology and equipment, it doesnt yet have, according to CSR??:undecided: Weird indeed....
 
. . .

What can i say. Island Empires and all. :D


2hfj4lu.jpg
 
. . .
Huh..........how can an insignificant island that lags far behind China technologially, help China obtain core deep-sea robotic technology and equipment, it doesnt yet have, according to CSR??:undecided: Weird indeed....

It is not easy to excel in each and every high technology. At times, you just want to leap forward by buying off the the existing technology.
 
.
China's decrease in its U.S. debt holdings appeared to be in line with China's efforts to promote a market-oriented exchange rate system and diversify the use of its huge foreign exchange reserves, experts say.

Data from the U.S. Treasury Department showed that China trimmed its U.S. debt holdings for the sixth time in a row in February, dropping to 1.2237 trillion U.S. dollars. Over the past year, China cut its U.S. treasuries holdings by 49.2 billion U.S. dollars.

Although both countries unloaded U.S. debt in that month, Japan overtook China to be the biggest foreign holder of U.S. government securities for the first time in years. Over the past year, Japan added a net of 13.6 billion dollars of U.S. Treasuries.

China cuts U.S. Treasuries holdings in efforts to diversify forex reserves - People's Daily Online
 
.
Chinese solar equipments to light up Rio 2016 Olympics
2015-04-20 08:06
Xinhua Editor: Mo Hong'e

Maracana Stadium in Rio de Janeiro of Brazil, where the 2014 World Cup final was held, will be back into the spotlight at Rio 2016 Olympic Games, powered by Chinese solar equipments.

Originally built for the 1950 World Cup Brazil, the Estadio Jornalista Mario Filho, better known as the Maracana, will host the opening and closing ceremonies, as well as the soccer matches of the Rio 2016 Olympic Games.

Produced by Chinese solar power company Yingli Solar, the world's largest solar panel manufacturer, and installed in 2014, the 1, 556 solar panels encircling the metal roof of the stadium will continue to power the coming Rio 2016.

COMMITMENT TO SUSTAINABILITY

"All the panels have at least 25 years of service life," Jeffrey Barnett, vice president of International Sales at Yingli Green Energy Americas told Xinhua on Sunday.

According to Yingli, the 390 kilowatt (KW) system, which has been providing green power to this iconic stadium since the 2014 World Cup, can reduce 2,560 tons of carbon dioxide emissions every year.

This echoes with Brazil's determination to hold an environment- friendly Olympics and set an example of sustainability.

"We aim to reduce the carbon dioxide emissions and hold a low- carbon Olympics, leaving a green legacy for Brazil," said Tania Braga, the Rio 2016 Committee Head of Sustainability, Accessibility and Legacy.

"Sustainability does not include additional costs ... it helps being more efficient and then it reduces costs," Braga said.

Yingli solar panels' 25-year-warranty means long term generation of clean electricity in returns on one-time investment, said Barnett, which is a vivid footnote to sustainability.

"The success in Maracana project was a fantastic brand building case and a milestone to Yingli's development in Latin America, since we established our first office in this region in Sao Paulo in 2011," said Barnett.

In addition to the Maracana, Yingli also installed one megawatt (MW) solar panels to deliver clean electricity to Arena Pernambuco, in the Western suburbs of the Recife metropolitan area. This project generates 1,500 MWh of electricity every year, enough for 6,000 Brazilians' annual electricity consumption.

In addition to the big projects, Yingli is also promoting solar systems suitable for residential and business buildings, bringing clean energy to people's life, said Barnett, adding that Yingli has expanded its business in more than 20 countries in Latin America during the past years, and Brazil is one of the most important, along with Chile and Mexico. The company will further boost performance in this region in the coming years, by building a larger and stronger team.

MORE OPPORTUNITIES

Brazil's geological features, energy structures, and recent water crisis also provide new opportunities to solar power.

Brazil's southeast region, where most of the country's hydroelectric power plants are located, is suffering from a dry season. As the country depends largely on hydropower, which accounts for 70 percent of its total electricity generation capacity, a water crisis stimulates more demand from other recourses.

On the other hand, Brazil also enjoys sufficient sunshine, huge demand for electricity and a tradition of using clean energies, making it an attractive market for China's solar equipment manufacturers, which are producing over 60 percent solar panels in the world.

According to a report by GTM Research, a market analysis institute on green energy based in Boston, U.S., the Latin American region installed 625 MW of solar photovoltaics (PV) in 2014, a 370 percent increase in annual growth over 2013, led by Brazil, Chile and Mexico.

Yingli is not the only Chinese company targeting the green energy potential of the biggest economy in Latin American.

BYD, China's electric vehicle and solar panel manufacturer, has entered this market with its electric vehicles. It will open its first factory in Brazil this year, to produce batteries, solar panels and assemble electric buses with imported parts.

Several Brazilian cities have been testing BYD's electric buses. So when its first factory is operational in the second half of 2015, it will already have customers.

"The negotiations with Rio are advanced for a relatively large fleet, to attend to a request of the city government, which wants to reduce carbon emissions, make improvements for the Olympic Games," said Adalberto Maluf Filho, BYD's director of Marketing and Governmental Affairs for Brazil. "We expect to be able to provide a large fleet by early 2016, in time for the Olympic Games."

Chinese solar equipments to light up Rio 2016 Olympics
 
.
Video goes viral showing close China-Pakistan friendship -China BBS

At the time before Chine President Xi Jinping’s state visit to Pakistan on Monday and Tuesday next week, a video made by “Fuxinglushang (on the road of rejuvenation) Studio” goes viral on the Internet, showing the close friendship between China and Pakistan.



The man in green in the video is Amiad who is from Attock City of Pakistan and is studying at Beijing Language and Culture University in Beijing. On March 23, 2015, the National Day of Pakistan, he and his friends performed like flash mob to sing for the China-Pakistan friendship. The video was produced by a famous studio Fuxinglushang (on the road of rejuvenation) Studio and became a hit once published.



Xi’s two-day state visit to Pakistan will be his first trip to the South Asian country since he assumed the presidency in 2013, and it will provide a powerful impetus to the China-Pakistan friendship and deepen comprehensive collaboration.

"I think it is very good video!PK and CN students in Beijing Language University, Use PK language music, for CN and PK are brothers~!for Xi Jinping visit to Pakistan~For Friendship~" ZY (Because I am new ,so not able to save since the content contained a link, please search for google this title ,and You can watch the video!thanks for friendship!)

who can save since the content contained a link,please help me .Post Reply this news ,I think is a good video! :)thank you ,use you id is ok

谁的账户可以发表这个有视频和图片的新闻呢,我觉得这个不错啊,能不能带图重新发表次呢?谢谢哈
 
.
China adds 5.04 GW solar capacity in Q1

Xinhua, April 20, 2015

China added 5.04 gigawatts (GW) of photovoltaic (PV) power generation capacity in the first three months of 2015, the National Energy Administration (NEA) said on Monday.

The amount includes 4.38 GW from PV power stations and 0.66 GW from distributed PV power projects, according to NEA figures.

China's cumulative installed capacity for solar PV power reached 33.12 GW by the end of March, with 27.79 GW from PV power stations and 5.33 GW from distributed PV power projects.

The first quarter saw total PV power generation reach 8 billion kilowatt-hour (KWH).

China has been working to increase its share of non-fossil fuels in the power matrix, including hydropower, wind power, solar power and nuclear power.

The State Council released an action plan on energy development for 2014-2020 last November, promising more efficient, self-sufficient, green and innovative energy production and consumption.

China adds 5.04 GW solar capacity in Q1 - China.org.cn
 
.
Alibaba wants its merchants to ditch PCs, just use smartphones :hitwall:

Steven Millward

18 hours ago

Alibaba-wants-its-merchants-do-ditch-PCs-just-use-smartphones.jpg


Alibaba wants its merchants to ditch their PCs. The ecommerce titan has rolled out new tools into its Taobao mobile app (pictured above) that allow the marketplace’s 8.4 million annual active merchants to run their stores solely from their phones. (Update: Swapped in the latest stat for Taobao sellers; the original article stated 7 million.)

The shift to mobile-only is optional for now, but an Alibaba representative tells Tech in Asiathat two million merchants have already opted for the smartphone-only method in the two weeks since the new tools have been available in beta. “The growing adoption of smartphones and mobile shopping in China means that online merchants should shift their focus from PC to mobile,” said Zhang Kuo, director of Alibaba Group’s mobile business division, in a statement.

That means an online seller will run their store and add new products to it just from their phone rather than using the desktop browser-based interface. To make that process easier on mobile, merchants can scan a new product’s barcode with their phone to add it to the store’s inventory using the Taobao app. “To complete product dispatch procedures, merchants can simply scan barcodes on shipping bills to enter package tracking numbers, without the need to manually input them,” added a spokesperson. Brand-new Taobao merchants can even start their store from scratch within the Taobao app without the need to fire up a laptop.

Across Taobao and sister site Tmall (a marketplace aimed at larger merchants and major brands), Alibaba has 334 million shoppers. Of the total RMB 787 billion (US$126.4 billion) in consumer spending (GMV) on the two estores in Q4 2014, 42 percent of that tally was spent by people shopping on mobile devices.

That shows China’s shoppers are way ahead of Alibaba’s merchants in the shift to mobile.

Alibaba wants merchants to ditch PCs, just use smartphones
 
.
Mercedes Benz Hit with 350 Million yuan Fine over Price Rigging
2015-04-23 10:12:41 CRIENGLISH.com Web Editor: Hai Peng

benchi.jpg


A Mercedes Benz dealer shop in Nantong City, Jiangsu Province. [Photo: agencies]

Provincial authorities in Jiangsu have slapped a 350-million yuan fine on Mercedes Benz for price manipulation.

The Jiangsu provincial price control bureau is also fining a number of Mercedes distributors 7.8 million yuan in total.

The penalties follow an investigation into accusations that Mercedes has been dictating a minimum selling price to many of its dealers in the province of Jiangsu.

The 350 million yuan fine accounts for 7 percent of Mercedes' total sales in Jiangsu last year.

China's anti-trust regulator has also hit Volkswagen and Chrysler with similar fines for price-fixing.
 
.
China building home-grown DRAM industry, to pose threat to existing leaders in 2017

By: Josephine Lien & Jessie Shen | digitimes | Posted: 24 Apr 2015, 10:50

135007e7085979a7d5b41ce54c0e54d7(30).jpg


(The China government is helping local firms make mergers and acquisitions overseas)

China is stepping up efforts to establish its own DRAM industry, which will likely pose a threat to the current industry leaders such as SK Hynix and Micron Technology in 2017, according to industry sources.

China's government is looking to support local companies to develop home-grown memory technologies, said the sources. Efforts include help for local firms to make mergers and acquisitions overseas, and to encourage partnerships and cooperation between the local and international companies, the sources indicated.

A Chinese consortium of investors led by SummitView Capital has acquired US-based Integrated Silicon Solution (ISSI), specializing in the design and development of DRAM products. Other consortium members include eTown MemTek, Hua Capital and Huaqing Jiye.

SummitView Capital is backed by the Shanghai government, while Hua Capital manages part of an investment fund established by China's central government aiming to boost the local IC industry development. Meanwhile, eTown MemTek's major shareholder is E-town capital with the Beijing government backing.

The acquisiton of ISSI by the group of Chinese government-backed investors already indicates China's ambition to step into the memory industry, market observers believe.

In addition, five or six cities in China are reportedly vying to become China's DRAM production hub, as the chosen one will receive full support from the central government, the observers said. Meanwhile, large-scale local enterprises, such as BOE Technology, reportedly expects to venture into DRAM manufacturing with the government backing, the observers indicated.

The China government will also encourage international memory vendors to partner with the local firms. Nevertheless, the partnerships will have to be under certain conditions, such as technology transfer through joint ventures, the observers noted.

China is expected to meet the goal of establishing its own and competitive DRAM industry by 2017, and start to pose threat to the existing global leaders, the observers indicated. SK Hynix and Micron will first feel the threat, and the global DRAM industry could be pushed into another wave of consolidation, the observers said.

China building home-grown DRAM industry, to pose threat to existing leaders in 2017 - OFweek News
 
.
Trust me, this is not happening. Right now, China doesn't even have a small low end dram base in the country, unlike say SoC design where China has many fabless firms at the low end, and some like HiSilicon and Speadtrum at the medium range.

Dram industry is essentially a trio-poly with Samsung/SK Hynix/Micron together taking a market share of greater than 80%, and the rest share largely going to smaller firms in Taiwan and Korea. Also these firms aren't sitting calm, and are investing HEAVILY in their dram business, especially Samsung, which is taking a massive lead in memory business, and investing further.

ISSI is a small dram firm with some core technologies, but no where near the top 3. The acquisition itself is far from certain because it is yet to be approved by shareholders, and then it will go for security review of US Government.

Even if China takes over ISSI, it will not be able to reach even 10% share by 2017, because the acquisition can only be successfully achieved latest by 1st quarter 2016, and there are way too many problems in the whole thing.

For me, China will start competing professionally by 2017, with companies like Speadtrum, and Hi Silicon. Also, China is stronger in MEMS and CMOS sensors compared to DRAM. You didn't even mention the proposal to acquire OmniVision which is infact a leader in CMOS sensors. While this deal will most likely be blocked by the US Government, CMOS is a sector in which with good efforts China can do good.

So you should look out for MEMS, CMOS and mainly on SoCs.
 
.

Pakistan Defence Latest Posts

Country Latest Posts

Back
Top Bottom