China Economy Forum

[FairAndUnbiased]

Congrats chinese comrades ur doing well and good. One thing tat itches me "your historical and cultural buildings are being devastated". Cultural buildings speaks about cultural heritage to next generations.

Undoubtedly china is now a super power all my wishes to u

unfortunately, sometimes the old has to for the new. Russia in its path to becoming a superpower also destroyed some old buildings, but China is much more crowded than Russia. Russia is one of the emptiest countries on earth while China is one of the most crowded, so we have to destroy more.

 

[applesauce]

unfortunately, sometimes the old has to for the new. Russia in its path to becoming a superpower also destroyed some old buildings, but China is much more crowded than Russia. Russia is one of the emptiest countries on earth while China is one of the most crowded, so we have to destroy more.

also in places like beijing, nearly every building older than 100 years has cultural significance because of the long history, but clear one cannot just keep them all

 

[Martian2]

China to employ 1st deep-sea rig in South China Sea

A 3,000-meter deepwater jumbo oil drilling platform was delivered in Shanghai Monday to China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil producer, the latest step for China as it seeks more energy from the ocean.

China to employ 1st deep-sea rig in South China Sea | Reuters

"China to employ 1st deep-sea rig in South China Sea
BEIJING | Thu May 3, 2012 2:28am EDT

May 3 (Reuters) - China will formally employ its first home-made, deep-sea semi-submersible drilling platform in the east part of South China Sea on May 9, marking the beginning of the country's deepwater oil strategy, the National Energy Administration said.

Ocean Oil 981 will be used to drill the Liwan 6-1-1 well, which has water depth of 1,500 metres (5,000 feet) and designed well depth of 2,371 metres (7,780 feet), the administration said in a report on its website (?????) dated April 28.

The drill is scheduled to take 56.5 days.

Ocean Oil 981, the construction of which took six years, was towed to the east part of South China Sea on Feb. 21 and drilled the Liuhua 29-2-1 well in a trial operation, the administration said.

The Lianhua 29-2-1 has designed well depth of 3,230 metres in ocean waters with depth of 753.3 metres.

State-run China National Offshore Oil Corp (CNOOC) is the owner and operator of the deep-sea rig. (Reporting by Jim Bai and David Stanway; Editing by Robert Birsel)"

[Note: Picture and caption source at China Exclusive: After 3 years and nearly a billion dollars, jumbo deepwater rig delivered to CNOOC CCTV News - CNTV English]

 

[Martian2]

Heads up, Intel: TSMC cranks up ARM chip to 3GHz | Business Tech - CNET News

"Heads up, Intel: TSMC cranks up ARM chip to 3GHz
by Brooke Crothers May 3, 2012 7:41 PM PDT

Taiwan Semiconductor Manufacturing Company is pushing the power-sipping ARM chip design toward unfamiliar, high-performance territory.

ARM Cortex A9.
(Credit: ARM)

Taiwan Semiconductor Manufacturing Company has ripped a page right out of the Intel playbook.

TSMC announced today that a chip rolling off its advanced 28-nanometer manufacturing process was jacked up to 3.1GHz -- unheard of in the annals of ARM-based mobile system reviews.

Intel, of course, is not a stranger to fast frequencies. Its high-performance Core i desktop processors run well more than 3GHz, and even its higher-end mobile parts are rated close to 3GHz.

But that's unfamiliar territory for ARM, which is known more for power efficiency than raw power.

More specifically, the TSMC chip is a dual-core A9 today that "achieved 3.1GHz...under typical conditions" using "high performance for mobile applications" (HPM) process technology, said TSMC.

TSMC's 28-nanometer HPM process was developed for tablet and mobile consumer product applications, among other products.

The chipmaker claims that it's twice as fast as an equivalent chip built on an older 40-nanometer manufacturing process. "This work demonstrates how ARM and TSMC can satisfy high performance market demands," said Cliff Hou, TSMC Vice President, Research & Development in a statement.

TSMC is the largest contract chip manufacturer in the world and builds many of the processors that land in the most popular smartphones and tablets."

 

[Martian2]

World's first cloned transgenic sheep made in China

First Sheep Cloned With "Good Fat" Is Healthier For You

"First Sheep Cloned With "Good Fat" Is Healthier For You
By Sam Gibbs - gizmodo uk
Apr 26, 2012 10:18 AM

[World's first cloned transgenic sheep made in China]

It sounds like something out of science fiction; splicing DNA from one animal into another to create some sort of genetic hybrid, but Peng Peng the sheep has made it science fact. The adorable newly-cloned lamb has become the first sheep to have a bit of a worm spliced into him, making him the very first worm-sheep on the planet.

OK, it's not like he slithers around on the floor like a woolly worm or anything; in fact you can't tell that he's a genetic hybrid from just looking at him. But he's the first of his kind.

Chinese researchers have taken a gene from the model organism C. elegans, a nematode worm, and blended it with Peng Peng's DNA. The gene basically makes him better to eat, getting him to produce "good" fat rather than an animal's standard "bad" fat. The lead researcher behind the project, Du Yutao from the Beijing Genomics Institute in Shenzhen, told Reuters:

"The gene was originally from the C. elegans (roundworm), which has been shown (in previous studies) to increase unsaturated fatty acids which is very good for human health."

Basically the Chinese are trying to make eating lamb better for you, and why not? We've almost gotten used to the thought of eating genetically modified crops that are healthier for you, or that grow better – so why not make your meat better for your health too? If they can make lamb, beef or any other meat that's as healthy for you as vegetables it's a win-win situation – even if it's a worm-sheep chop you're munching on. [BGI via Reuters]

Image credit: Nematode from Shutterstock, Sheep from BGI"

[Note: Caption source at World's first cloned transgenic sheep made in China]

 

[Martian2]

Chinese Physicists Smash Distance Record For Teleportation* - Technology Review

"Chinese Physicists Smash Distance Record For Teleportation
The ability to teleport photons through 100 kilometres of free space opens the way for satellite-based quantum communications, say researchers
kfc 05/11/2012

Teleportation is the extraordinary ability to transfer objects from one location to another without travelling through the intervening space.

The idea is not that the physical object is teleported but the information that describes it. This can then be applied to a similar object in a new location which effectively takes on the new identity.

And it is by no means science fiction. Physicists have been teleporting photons since 1997 and the technique is now standard in optics laboratories all over the world.

The phenomenon that makes this possible is known as quantum entanglement, the deep and mysterious link that occurs when two quantum objects share the same existence and yet are separated in space.

Teleportation turns out to be extremely useful. Because teleported information does not travel through the intervening space, it cannot be secretly accessed by an eavesdropper.

For that reason, teleportation is the enabling technology behind quantum cryptography, a way of sending information with close-to-perfect secrecy.

Unfortunately, entangled photons are fragile objects. They cannot travel further than a kilometre or so down optical fibres because the photons end up interacting with the glass breaking the entanglement. That severely limits quantum cryptography's usefulness.

However, physicists have had more success teleporting photons through the atmosphere. In 2010, a Chinese team announced that it had teleported single photons over a distance of 16 kilometres. Handy but not exactly Earth-shattering.

Now the same team says it has smashed this record. Juan Yin at the University of Science and Technology of China in Shanghai, and a bunch of mates say they have teleported entangled photons over a distance of 97 kilometres across a lake in China.

That's an impressive feat for several reasons. The trick these guys have perfected is to find a way to use a 1.3 Watt laser and some fancy optics to beam the light and receive it.

Inevitably photons get lost and entanglement is destroyed in such a process. Imperfections in the optics and air turbulence account for some of these losses but the biggest problem is beam widening (they did the experiment at an altitude of about 4000 metres). Since the beam spreads out as it travels, many of the photons simply miss the target altogether.

So the most important advance these guys have made is to develop a steering mechanism using a guide laser that keeps the beam precisely on target. As a result, they were able to teleport more than 1100 photons in 4 hours over a distance of 97 kilometres.

That's interesting because it's the same channel attenuation that you'd have to cope with when beaming photons to a satellite with, say, 20 centimetre optics orbiting at about 500 kilometres. "The successful quantum teleportation over such channel losses in combination with our high-frequency and high-accuracy [aiming] technique show the feasibility of satellite-based ultra-long-distance quantum teleportation," say Juan and co.

So these guys clearly have their eye on the possibility of satellite-based quantum cryptography which would provide ultra secure communications around the world. That's in stark contrast to the few kilometres that are possible with commercial quantum cryptography gear.

Of course, data rates are likely to be slow and the rapidly emerging technology of quantum repeaters will extend the reach of ground-based quantum cryptography so that it could reach around the world, in principle at least.

But a perfect, satellite-based security system might be a useful piece of kit to have on the roof of an embassy or distributed among the armed forces.

Something for western security experts to think about.

Ref: arxiv.org/abs/1205.2024: Teleporting Independent Qubits Through A 97 Km Free-Space Channel"

 

[epsilon]

unfortunately, sometimes the old has to for the new. Russia in its path to becoming a superpower also destroyed some old buildings, but China is much more crowded than Russia. Russia is one of the emptiest countries on earth while China is one of the most crowded, so we have to destroy more.

Its our weather tat makes like tat. Can u Imagine living below minus 30 degrees???

 

[Sasquatch]

Congrats chinese comrades ur doing well and good. One thing tat itches me "your historical and cultural buildings are being devastated". Cultural buildings speaks about cultural heritage to next generations.

Undoubtedly china is now a super power all my wishes to u

Have to agree on the first part, however China has a long way to go before becoming a superpower.

 

[Chinese Century]

chinese government has no problem destroying historical chinese buildings but hate it when western historical buildings are destroyed in shanghai bund and tianjin.

hate those pro-western leaders.

 

[Martian2]

At 54.51 rupees per dollar, China's GDP is 5 times larger than Indian GDP!

In 2011 (at an average exchange rate of 46.667 Indian rupees per U.S. dollar), India's GDP was 1.676 trillion.

At the current exchange rate of 54.41 rupees per dollar:

1.676 trillion x (46.667 rupees / 54.41 rupees per dollar) = $1.437 trillion Indian GDP for 2011

After adjusting India's 2011 GDP to the current exchange rate ($1.437 trillion), it is smaller than Australia's GDP ($1.488 trillion)!

By the way, China's $7.298 trillion GDP is 5.08 times larger than India's $1.437 trillion GDP for 2011.

[Note: India's 2011 monthly average exchange rate link at Monthly Exchange Rate Average (Indian Rupee, American Dollar) 2011 - x-rates

The Indian rupee hit an all-time-low exchange rate of 54.41 rupees per dollar on Wednesday (May 16, 2012). Citation: Weak rupee to make polished diamonds costlier - The Times of India]

 

[sweetgrape]

China Develops World first 3D ship-hull plate bending machine
China Develops World first 3D ship-hull plate bending machine | China's Great Science and Technology

3D ship-hull Plate bending machine which is developed by Surele company in Shandong Province in China,

Advantages include:

1. Instead of Line-heating;
2. Will not destroy the plate material;
3. Green ship buliding;
4. Increasing efficiency of the processing of outside plate;
5. Cost saving;
6. Saving shipbuilding time;
7. Could bend the plate to saddle-shaped and sail-shaped;
8. The maximum bending thickness is 25mm;
9. The maximum bending width is 2000mm;
10. Connect with TRIBON/HDSHM system.

[video]http://v.youku.com/v_show/id_XMjUzNDYxMDUy.html[/video]

 

[Sasquatch]

China May Surpass India As Biggest Gold Market, WGC Says



Gold demand in China may surge as much as 30 percent this year as rising incomes boost consumption, helping the country topple India as the world’s largest bullion market on an annual basis, according to the World Gold Council.
Demand, which rose to a record in the first quarter, may gain to between 900 metric tons and 1,000 tons this year, from 769.8 tons in 2011, Albert Cheng, Far East managing director at the producer-funded group, said in an interview. Indian usage may drop to 800 tons to 900 tons, from 933.4 tons, he said.

Higher demand in the world’s largest gold producer may help arrest a slump in prices, which have plunged from last year’s record as investors favored the dollar amid concern Greece may quit the euro. Global gold demand fell 4.6 percent to 1,097.6 tons in the first quarter, the council said in a report today.
“We are confident China will become the largest source of demand for gold this year,” Cheng said in Singapore, restating a council forecast made earlier in 2012. “Over the next two to five years, China and India will go neck to neck and may account for more than 50 percent of world demand.”
Immediate-delivery gold traded at $1,548.19 an ounce at 4:03 p.m. in Singapore. That’s down 1.2 percent this year, and 18.5 percent from the record close on Sept. 5. The price touched $1,526.97 yesterday, the lowest level since December as the Greek debt crisis sent the euro to a four-month low.
‘Seek Cash’
“Investors are selling gold now to seek cash and rebalance their investment portfolio because of concerns about the euro- zone sovereign-debt crisis,” said Cheng, who’s been in the gold industry since 1985. “The fundamental reasons for investing in gold remain very strong, so these investors will return.”
Bullion has rallied for 11 years, gaining through the financial crisis that started in 2008, as investors bought the metal to protect their wealth from currency debasement and inflation. Goldman Sachs Group Inc. (GS) said in a May 9 report the precious metal remains the so-called currency of last resort.
Demand in China totaled 255.2 tons in the three months to March 31 from 232.5 tons a year earlier, the council said in the report. Investment demand gained 13 percent, while jewelry demand increased 7.9 percent to 156.6 tons, making China the world’s largest jewelry market for a third quarter.
The council’s outlook for increased consumption in China this year contrasts with the view from Lao Feng Xiang Co. (900905), the mainland’s biggest gold-jewelry maker, which said this month the country’s demand growth may stagnate in 2012.
‘Increasing Wealth’
“The increasing wealth of the middle class is very important,” Cheng said. “In the past 10 to 15 years, it had reached first- and second-tier cities such as Beijing, Shanghai and Hangzhou. We expect such wealth to reach 600 million people in third-tier cities.”
The prospect of China becoming the largest bullion user reflects the country’s economic ascendance. Per capita gross domestic product has more than doubled since 2000, according to World Bank data. The country is already the top consumer of copper and biggest producer of steel.
In India, demand fell to 207.6 tons in the first quarter, from 290.6 tons a year ago, after the government hiked taxes and import duties, the council said. Investment demand dropped 46 percent and jewelry demand fell 19 percent, it said. A drop in annual demand this year would be the second straight fall.
“Consumers will adjust to the changes over time,” Cheng said, adding that purchases in India are improving this month. “In India, people buy gold for cultural and religious reasons - - that won’t change.”

 

[longyi]

China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government. The relationship means the People's Bank of China buys U.S. debt using a different method than any other central bank in the world.
The other central banks, including the Bank of Japan, which has a large appetite for Treasuries, place orders for U.S. debt with major Wall Street banks designated by the government as primary dealers. Those dealers then bid on their behalf at Treasury auctions.
China, which holds $1.17 trillion in U.S. Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary.

Exclusive: U.S. lets China bypass Wall Street for Treasury orders | Reuters


Very smart move by the US Treasury. By giving preferential treatment to China it has a better chance to retain her huge investment portfolio.

 

[Martian2]

Celebrating Shenzhen's 32nd birthday with $16,212 per-capita GDP

The rise of New China is exemplified by Shenzhen. On May 1 1980, Shenzhen was designated as China's first SEZ (i.e. special economic zone). Along with the rest of China, Shenzhen has boomed for 32 years nonstop!

Shenzen's per-capita GDP in 2011 has reached RMB 102,300 or US $16,212 (see citation below).

Shenzhen rising!

Reference for Shenzhen per-capita GDP: MACAU DAILY TIMES - 8th Shenzhen International Cultural Industries Fair: Can culture save Chinese souls lost in material strife?

[Note: Thank you to Kewell333 for the picture. Also, I used a conversion rate of 6.31 yuans per dollar.]

 

[sweetgrape]

USTC Professors Build Efficient and Long-Lived Quantum Memory
USTC Professors Build Efficient and Long-Lived Quantum Memory-USTC-?-english
Pub Date: 12-05-23 15:47 Source: Anhui

An efficient and long-lived quantum memory was recently built by professors with the Anhui-based University of Science and Technology of China (USTC)and their Germany co-workers.

Quantum memories are regarded as one of the fundamental building blocks of linear-optical quantum computation and long-distance quantum communication. A long-standing goal to realize scalable quantum information processing is to build a long-lived and efficient quantum memory.

Pan Jianwei, professor of the USTC and academician of Chinese Academy of Sciences, has led a team to study quantum memories since 2005. The team consists of USTC professors and scientists based in Germany.

Eventually, they reported a high-performance quantum memory in which long lifetime and high retrieval efficiency meet for the first time. The quantum memory has an intrinsic spin wave to photon conversion efficency of 73 percent and a storage lifetime of 3.2 ms.

The research was published in the May 20 issue of Nature Physics, a monthly, peer reviewed, scientific journal published by the Nature Publishing Group.

This is another source:University of Science and Technology of China