China Economy Forum

[ChineseTiger1986]

1. Shanghai Gold Exchange is the largest physical gold exchange in the world.

2. Shanghai Futures Exchange has the 2nd largest gold futures contract in the world.

Note: Futures contract drives gold prices which is why the American COMEX influences gold prices the most. US manipulates gold prices down using big banks from the backing of the Federal Reserve to support the US Dollar.

More green papers for gold, great deal.

 

[Jlaw]

1. Shanghai Gold Exchange is the largest physical gold exchange in the world.

2. Shanghai Futures Exchange has the 2nd largest gold futures contract in the world.

Note: Futures contract drives gold prices which is why the American COMEX influences gold prices the most. US manipulates gold prices down using big banks from the backing of the Federal Reserve to support the US Dollar.

COMEX does not have enough physical gold to support the delivery of all the gold contracts. Most traders settled their account with no physical delivery. That is a pyramid scheme.

 

[terranMarine]

 

[Jguo]

We need at least 12000 tons of gold.

China already has over 18,000 tonns and rapidly growing every year.. but it's not time to reveal our cards yet.

 

[Götterdämmerung]

China already has over 18,000 tonns and rapidly growing every year.. but it's not time to reveal our cards yet.

Any proofs for that?

 

[Jguo]

Any proofs for that?

The proof is there if you know where to look.

But I know because of my work.

 

[Götterdämmerung]

The proof is there if you know where to look.

But I know because of my work.

Well, I'm not in the trade. But could you give me a link where to look at?

 

[Jguo]

Well, I'm not in the trade. But could you give me a link where to look at?

These are information the big money does not want going public, so it will not be stated in a 'link' you can find.

1. you can find clues from physical Gold inventory movements at banks such as JPM, GS and HSBC. watch what the banks are doing - they say one thing and do another - I know because I work for one.
2. you can check for movements of physical Gold moving from HK into the mainland in the pass decade (China uses HK as a front)
3. directors at Swiss refineries (which process/mark/unmark all out-going physical gold from the west) who tell my boss where the Gold is going: (80% to the far east - mainly China, and 20% to Dubai, which is then brought into India)

Assuming the ultimate goal of China is the establishment of the Yuan as one of the reserve currencies (that's right, one of) there are a number of important criteria that has to be met.

1. Have more physical gold than the fed+the imf combined, because they are both US controlled institutions (becoming true)
2. Free floating Yuan (not yet true)
3. Establish international confidence in the Yuan and its associated markets (not yet true)
4. Have a deep pool of investable assets (e.g. us bonds - petrodollar) which is backed by Gold (not yet true)

China needs physical gold for all of the above, and that's why they're now the leading producer as well as buyer in the world. It is why western media is so biased against China - to deter market confidence being established on anything about China - its people, its currency, its political environment.

We get information before hand and place trades on them - and the regulators cannot do anything, because it is in their interest for us to make money, and it's impossible for them to do anything about it. (i wont get into sensitive details)

People in the west talk about how Chinese media is controlled by a handful of powerful people (the state) - ironic isn't it? How many people do you think controls the western media empire? do you every wonder why there is no variation between the type of stories being published when it concerns China? I have some friends who works for CNN and Bloomberg - they get the same memos!

There is a fierce war going on behind the scenes that's going to change the entire geopolitical landscape of the world, and all I see is the sheeple on this forum hurling insults at each other and arguing about who has the bigger dick - sad times for the common folk.

 

[Jlaw]

These are information the big money does not want going public, so it will not be stated in a 'link' you can find.

1. you can find clues from physical Gold inventory movements at banks such as JPM, GS and HSBC. watch what the banks are doing - they say one thing and do another - I know because I work for one.
2. you can check for movements of physical Gold moving from HK into the mainland in the pass decade (China uses HK as a front)
3. directors at Swiss refineries (which process/mark/unmark all out-going physical gold from the west) who tell my boss where the Gold is going: (80% to the far east - mainly China, and 20% to Dubai, which is then brought into India)

Assuming the ultimate goal of China is the establishment of the Yuan as one of the reserve currencies (that's right, one of) there are a number of important criteria that has to be met.

1. Have more physical gold than the fed+the imf combined, because they are both US controlled institutions (becoming true)
2. Free floating Yuan (not yet true)
3. Establish international confidence in the Yuan and its associated markets (not yet true)
4. Have a deep pool of investable assets (e.g. us bonds - petrodollar) which is backed by Gold (not yet true)

China needs physical gold for all of the above, and that's why they're now the leading producer as well as buyer in the world. It is why western media is so biased against China - to deter market confidence being established on anything about China - its people, its currency, its political environment.

We get information before hand and place trades on them - and the regulators cannot do anything, because it is in their interest for us to make money, and it's impossible for them to do anything about it. (i wont get into sensitive details)

People in the west talk about how Chinese media is controlled by a handful of powerful people (the state) - ironic isn't it? How many people do you think controls the western media empire? do you every wonder why there is no variation between the type of stories being published when it concerns China? I have some friends who works for CNN and Bloomberg - they get the same memos!

There is a fierce war going on behind the scenes that's going to change the entire geopolitical landscape of the world, and all I see is the sheeple on this forum hurling insults at each other and arguing about who has the bigger dick - sad times for the common folk.

Friend, thanks for the details. But do not get yourself in trouble for revealing things you should not reveal. 要做大事最好的晚上

 

[cirr]

Russia's Inter RAO may supply China by building coal-fired power plant
(China Daily, May 28)

Russia's Inter RAO might build the world's largest coal-fired power plant to sell electricity to China in a sign of strengthening bilateral economic and political ties.

Chairman Boris Kovalchuk told reporters the Russian power monopoly would examine the cost and timetable required to build the 8-gigawatt plant, which would use coal from the Erkovetskaya deposit in the Amur region in Russia's Far East.

The announcement follows a historic $400 billion agreement to sell Russian natural gas to China for the next 30 years.
Russia, a leading producer of oil and gas, wants to diversify its energy exports away from its core European market.

Inter RAO already supplies China with electricity. A subsidiary, East Energy Co, last year increased electricity exports to China by 33 percent to 3.5 billion kilowatt hours.

Kovalchuk said that Inter RAO is looking for a loan from China to build the plant.

full: http://www.chinadaily.com.cn/busines...t_17545419.htm

 

[Götterdämmerung]

People in the west talk about how Chinese media is controlled by a handful of powerful people (the state) - ironic isn't it? How many people do you think controls the western media empire? do you every wonder why there is no variation between the type of stories being published when it concerns China? I have some friends who works for CNN and Bloomberg - they get the same memos!

There is a fierce war going on behind the scenes that's going to change the entire geopolitical landscape of the world, and all I see is the sheeple on this forum hurling insults at each other and arguing about who has the bigger dick - sad times for the common folk.

Thanks a lot for the information.

I know how the media works, I'm in that trade.

Yup, there are indeed a lot of sheeple here in the forum as well as outside the forum.

 

[cirr]

Touch panel makers see increased orders from Xiaomi as it aims to ship 80 million handsets in 2014

Sammi Huang, Taipei; Alex Wolfgram, DIGITIMES [Monday 26 May 2014]

Touch panel makers are seeing increased orders from Xiaomi as the company aims to ship 80 million handsets in 2014, according to industry sources.

Xiaomi started the year off with a shipment goal of 40 million units and later bumped it up to 60 million. The sources said Xiaomi is now putting in increased orders to supply chains, with the aim of shipping 80 million handsets in 2014.

Furthermore, Xiaomi aims to ship 160 million handsets in 2015 amid prospects in the China market, the sources revealed.

The company has already seen steady shipments in the first quarter of 2014 and expects strong growth throughout the second and third quarters as it aggressively pushes low-priced units into the market, the sources said.

Wintek and O-Film are among some of the makers who expect to benefit from the shipments, with Xiaomi using primarily OGS solutions in its handsets.

Touch panel makers see increased orders from Xiaomi as it aims to ship 80 million handsets in 2014

 

[TaiShang]

More small businesses gaining loans
CCTV.com

Micro and small size companies in China have long faced difficulties in obtaining bank loans. But the tide is turning. The government recently launched several measures to increase small businesses’ access to bank loans, and the effect has been noticeable. The latest statistics show that growth in lending to micro and small companies was four percent higher than the growth of overall lending during the first four months of this year.

More and more Chinese banks are turning to micro and small firms for business. Funding demand for bank loans in this segment of the private sector has been rapidly gaining strength and the numbers show it.

The China Banking Regulatory Commission says banks lent 18.6 trillion yuan, or about 3 trillion U.S dollars, to micro and small firms during the first four months of the year. That’s an increase of 18 percent from a year ago. Loans to micro and small businesses in China’s eastern provinces such as Zhejiang, and Jiangsu have reached one third of all lending.

"The chance for micro and small firms to get financial services is getting higher, now that we introduced government finance, and created a good credit environment. There are even some big banks that are trying to get more small business clients. It’s a trend." Yang Zaiping, Vice President of China Banking Association said.

In Beijing’s Zhong Guancun High Tech Zone, a new policy was implemented recently to support small startups that aren’t qualified for bank loans. The district’s government also has enlisted an insurance firm to help guarantee loans for the companies.

"We take out 20 percent to 45 percent of the bench mark rate to subsidize small businesses. This lowers the costs of what companies are paying." Yang said.

the Shanghai municipal government has also created a way to lend to innovative startups. The procedure involves the Silicon Valley and Shanghai Pudong Development banks and the local government in providing loans and insurance to businesses in need.

 

[TaiShang]

China becoming top mobile phone market

China will become the world's largest mobile phone market by revenue for the first time by year end, overtaking the United States, an industry report said. Internet guru Mary Meeker has identified the country as the most mobile nation in the world.

Nation becoming top mobile phone market. [China Daily]


Phone sales will reach $87 billion in China during 2014, a jump of 53 percent year-on-year. That compares with $60 billion projected sales in the US, Strategy Analytics said.

Smartphones dominate sales. Chinese shoppers will buy more than 400 million smartphones this year, according to local research company Analysys International. The amount is on track to break 500 million by 2016, it said.

Meeker acknowledged China's role in the global mobile Internet sector. The world's second-largest economy is moving swiftly to become a leader in mobile commerce, helped with applications installed on smartphones, according to Meeker. She is a partner at venture capital firm Kleiner Perkins Caufield & Byers.

As of last year, more than 500 million Chinese were using mobile devices - primarily smartphones - to connect to the Internet, according to the China Internet Network Information Center. The penetration rate of mobile Internet users rose to a record 81 percent in 2013.

China beat the US in terms of smartphone shipments in 2012.

The growth in mobile devices is driven by the country's rapid shift to fourth-generation telecommunications technologies, analysts said.

Leading players, such as Samsung Electronics Co, Huawei Technologies Co Ltd and Lenovo Group Ltd, have pledged to expand their distribution channels, and a widening product offering is diversifying demand in China.

Although China leads the global mobile phone market in many ways, the Strategy Analytics report said the US is most likely to remain the most valuable market by profit for a while.

"High average selling prices and huge operator subsidies will make the US a very profitable market for major device brands such as Apple and Samsung," it said.

The world's leading smartphone brands may find it difficult to maintain a high growth rate in China, where analysts said the high double-digit expansion may be nearing its end. Additionally, local players are vigorously expanding businesses on their home turf.

Lenovo, better known for its PC business outside China, is betting on smartphones for future profit. The Beijing-based company became the second-largest smartphone vendor in China by the end of the first quarter, data from Analysys International showed. Its 12.3 percent market share only lags behind Samsung.

Coolpad - Yulong Computer Telecommunication Scientific (Shenzhen) Co Ltd - as well as Huawei and Xiaomi Corp enjoyed near double-digit market share and Apple's share dropped to less than 7 percent.

Bryan Wang, China head at consultancy Forrester Research Inc, said 4G is a necessary feature for companies such as Xiaomi to put into their portfolio as Chinese are eager for faster Internet speeds.

***

With such improved sales and growing market share, Chinese mobile producers now need to develop their own OS in order to go higher up in the value chain.

Besides, development is not always all rosy; it comes with its particular problems:


***

Waste-to-energy plants: A burning issue in China

‘Great Leap Forward’

The emphasis on incineration of solid wastes in China started in the 1990s. The 12th Five Year Plan heralded the golden age of incineration and is in a sense a “Great Leap Forward.” Under the Plan, 263.6 billion yuan (US$42.3 billion) will be spent for waste management, 65 percent of which will be for treatment facilities. Most of these will be for incineration plants. At present, China is constructing nearly 100 incineration plants a year — half the world’s total.

As China’s economy has developed, it has contributed to a rapidly growing middle class which is fast becoming more educated, savvy with the use of social media, and becoming restive because of the pollution of air, water, land and food. As was observed in the West during the post-1970 period, China is now playing catch-up to the NIMBY (not in my back yard) syndrome.

This is manifested by the fact that between mid-2007 and mid-2012, there were at least a dozen protests against incineration plants by local residents.

This is because of perceived health hazards due to toxic emissions like dioxins and wastewater disposal. Expected decline in the land and house prices around the sites is also a major concern.

Hangzhou hit the global headlines on May 10 not because of its renowned oolong tea or that it is the headquarters of Alibaba, which may soon become the world’s largest ever IPO. It was because some 10,000 local farmers staged a protest against the construction of an incineration plant in Zhongtai, a suburb.

The protest achieved its objective. Shanghai Daily reported that work on the construction has stopped. City officials said, “We will invite the local people to participate, fully listen to and seek every one’s opinions...” In our view it is the right decision. However, the public participation and consultation should have been carried out before the decision to construct was taken, not after the protest.

Equally, there has to be a serious attempt to reduce the amount of waste generated by increasing public and industrial awareness of the problem. Reduction of waste generation and increasing recycling have to be major components of the solution.

Asit K Biswas is a Distinguished Professor, Lee Kuan Yew School of Public Policy, Singapore, and co-founder of Third World Centre for Water Management, Mexico. Zhang Jingru is a doctoral student at the Lee Kuan Yew School of Public Policy.

[Post taken from Tianxia at CDF]

 

[cirr]

Q1 2014 Regional per capita disposable income

国家统计局陕西调查总队