China Economy Forum

[SinoChallenger]

China's/World's Top Three Banks generated $104.8 billion in profits

I have good news! We're the new Jews!

China's banks are world's most profitable - Business News - Business - The Independent

"China's banks are world's most profitable
Gideon Spanier | Monday 02 July 2012

The three most profitable banks in the world are now Chinese, illustrating how far financial power has shifted from Europe and America since the credit crunch.

Chinese banks generate 29 per cent of total global profits from the banking industry, against just 4 per cent in 2007. European bank profits fell to 6 per cent, against 46 per cent five years ago.

Industrial Commercial Bank of China is the world's most profitable bank, with pre-tax profits of $43.2bn (£27.5bn). China Construction Bank ($34.8bn) and Bank of China ($26.8bn) are also in the top three, while America's JP Morgan is fourth, according to the annual survey of 1,000 banks by The Banker magazine.

"Europe's loss is China's gain," said Brian Caplen, editor of The Banker, who added that Chinese banks were "making the type of profits that European banks can only dream about".

In a sign of how the eurozone crisis has devastated the continent's banking industry, 24 out of the 25 worst-performing banks came from within Europe.

Britain's Lloyds Banking Group was the ninth-worst performer in terms of losses, plunging $5.5bn into the red, and Royal Bank of Scotland was in 21st with a loss of $1.1bn. UK banks' share of global banking profits has halved to 5 per cent in just five years. However, Mr Caplen said: "While UK banks as a whole have suffered tremendously in terms of their share of global banking profits, the performance of individual UK banks is extremely varied. Some are making huge profits while others make huge losses."

He noted that HSBC was still the seventh most profitable bank in the world, while Barclays, under pressure over the Libor rate fixing scandal, is in 18th place in the top 1,000."

Not a good thing IMO. It's because of market barriers to entry that Chinese retail banking can be as profitable as international banks, which have a wide-array of financial institution services like investment banking. The level of professionalism is still higher in an international bank like Standard Chartered and HSBC compared to ICBC or BOC.

 

[eachus]

not long ago the Western media all predict Chinese banking system will bankrupt by 60% bad loans. and compare with Western banks with under 5% bad loan, it turn out the ones should bankrupt grow fast and become most profitable, and those supper diehard western banks mostly bankrupt if without government bailout.

God plays a humor joke to them.

 

[eachus]

CNN gdp picture and growth prediction

year 2012 was estimated by CNN. the US number is ok, I dont agree the Chinese number on 2012. China had 7.5T last year, what made China suddenly slows down to 6% and US 3.3% growth? let me summary and do the calculation for you.

in the last a few years, I followed Chinese GDP closely, they had RMB gdp growth 16% - 18% per year, plus RMB appreciation 4-5%. Chinese GDP growth in dollar was around 18%.

2000--2010 Chinese GDP growth 18%： 1.2T * （1.18^10) = 6.2T vs the actual was 6.2T, not 5.9T
2000--2010 USA GDP growth 5%： 10T * （1.05^10) = 16.3T vs actual 14.5T, well short, 5% was over estimate.

if you compare with 2010 to 2011, US growth was 3%, Chinese growth was 7.5T / 6.2T = 21% growth in one year.
from 2000 to 2010, Chinese growth was 18%, 2011 GDP was 21% on dollar base, what made CNN to believe this year China will grow 6% while US grows 3.3% in 2012?

the the last picture, 2011 to 2017, 6 years of growth. that should be:

2017 USA gdp： 15T * （1.04^6) = 19.0T
2017 USA gdp： 7.5T * （1.18^6) = 20.25T

more conservately
2017 USA gdp： 15T * （1.03^6) = 17.9T
2017 USA gdp： 7.5T * （1.17^6) = 19.24T

China will surpass USA by GDP in 2016, in the first quarter of 2017 will have tons of news to confirm.

 

[sweetgrape]

China invents new generation of smart electronic mule
China invents new generation of smart electronic mule | China's Great Science and Technology

2012-07-03 — Pacific Mechatronic (Group) Co., Ltd. in the 2012 CITME (China International Textile Machinery Exhibition) launched a new generation of intelligent electronic mule, this machine uses a single ingot of single-motor drive technology, so that each spindle of the spinning frame to become an independent, stable drive unit,laid a solid foundation for the realization of the single spindle speed, decapitation, efficiency, spinning tension, energy consumption and other parameters on-line monitoring and fault diagnosis, and effectively ensure the spindle speed of 25000rpm, smooth operation, breakage ratelow and stable product quality.

Pacific a new generation of intelligent electric mule fitted with spun yarn breakage roving operation with electric spindle linkage stop feeding device, once the yarn breakage, roving stop feeding immediately and effectively reduce the number of flowers bellows and roller rollers around the flower phenomenon to improve made ​​rate and Tenders stands, rate, reduced employment, reduced costs; new design of a positive lifting system, improve the stability of the ring rail running, put an end to a ring plate movements frustrated, sluggish the occurrence of the problem to improve the yarn forming, reduce yarn breakage; configuration of a digital control system, real-time online monitoring of spinning tension changes, by optimizing the spinning tension curve, the rational regulation of the spinning speed, increase the average production of a doffing spindle speed, the whole production efficiency more than 10%.

Shanghai Pacific Mechatronic (Group) Co., Ltd. (hereinafter refer to Shanghai Pacific) was founded on August 12, 1994, consists of 33 enterprises of former Shanghai Textile Machinery Industry Company and Shanghai Textile Equipment Industry Company. Shanghai Pacific has total asset of RMB 3.358 billion. In 2004, Shanghai Pacific reaches RMB1.85 sales revenue, USD62.3 million export amount, and 28.8 million profit.

Shanghai Pacific headquater and most its enterprises locate in Shanghai. With 10 textile machinery and equipments manufactory, technology center, import & export coperation and listed company, Shanghai Pacific has grown into a comprehensive enterprises group, competitive in product development, design, manufacture and service.

In October 2003, Shanghai Pacific ranks No. 74 of top 500 Chinese machinery industry enterprises.

20.6 million kw: World’s largest hydropower project close to “Full Power” Operating
20.6 million kw: World’s largest hydropower project close to “Full Power” Operating | China's Great Science and Technology

2012-07-02 — All 32 generators of China’s Three Gorges Dam, the world’s largest hydropower project, went into production on Monday evening as flood season arrived, with a combined generating capacity of 20.6 million kw..

It is the first time all 32 generators — including the last turbine , which passed a trial operation in May — started up at the same time, said Zhang Chengping, head of the machinery and electronic engineering bureau of the China Three Gorges Corporation.

The outbound flow rose to 34,000 cubic meters per second on Monday evening due to floodwater from the upper reaches of the Yangtze River and was sufficient for the operation of the 32 generators, which has a full load of 700,000 kw each, he said.

The 32 generators of the 180-billion-yuan Three Gorges project, which was launched in 1993, have a combined generating capacity of 22.4 million kw.

 

[eachus]

There is the growth translation of CNN prediction:

1) US growth (**=actual growth, xx=CNN prediction)

................................................................xxxxxxxxxxxxxxxxxxxxxxxxx
5%

4%
************************
3% ............................................ ********

2%
----------------------------------------------------------------------------------
..... 2000...............................................2010, 2011, 2012, 2013,,,,,,,,2017



2) Chinaese growth: (**=actual growth, xx=CNN prediction)

22% ............................................*****

18% **********************

14%

10%

6% ......................................................xxxxxxxxxxxxxxx(CNN)
--------------------------------------------------------------------------------
..... 2000.................................2010, 2011, 2012, 2013,,,,,,,2017



so, from 2013, China will have GDP growth hair-cut 60%,
and USA will have growth double to match China around 6%.
at the same time, India will have growth jump from current
0% - 2% growth to 10% based on dollar rate,

wow, how nice is the picture from their color glasses.

 

[Greater China]

China's Capital Controversy

“Overinvestment” problem may be greatly overstated

THE IMF says so. Academics and Western governments agree. China invests too much. It is an article of faith that China needs to rebalance its economy by investing less and consuming more. Otherwise, it is argued, diminishing returns on capital will cramp future growth; or, worse still, massive overcapacity will cause a slump in investment, bringing the economy crashing down. So where exactly is all this excessive investment?

Most people point to the rapid growth in China’s capital spending and its unusually high share of GDP. Fixed-asset investment (the most widely cited figure, because it is reported monthly) has grown at a breathtaking annual rate of 26% over the past seven years. Yet these numbers are misleading. They are not adjusted for inflation and they include purchases of existing assets, such as land, that are inflated by the rising value of land and property. A more reliable measure, and the one used in other countries, is real fixed-capital formation, which is measured on a value-added basis like GDP. This has increased by a less alarming annual average of 12% over the past seven years, not that much faster than the 11% growth rate in GDP in that period.

The level of fixed-capital formation does look unusually high, at an estimated 48% of GDP in 2011 (see left-hand chart). By comparison, the ratio peaked at just under 40% in Japan and South Korea. In most developed countries it is now around 20% or less. But an annual investment-to-GDP ratio does not actually reveal whether there has been too much investment. To determine that you need to look at the size of the total capital stock—the value of all past investment, adjusted for depreciation. Qu Hongbin, chief China economist at HSBC, estimates that China’s capital stock per person is less than 8% of America’s and 17% of South Korea’s (see right-hand chart). Another study, by Andrew Batson and Janet Zhang at GK Dragonomics, a Beijing-based research firm, finds that China still has less than one-quarter as much capital per person as America had achieved in 1930, when it was at roughly the same level of development as China today.

Some claim that a rise in the ratio of China’s capital stock to GDP is evidence that new investment is becoming less efficient: a given increase in capital leads to a smaller increase in GDP. But a rising capital-output ratio is perfectly normal when a poor country shifts from agriculture to more capital-intensive industry. GK Dragonomics estimates that China’s ratio of 2.4 in 2010 is well within the range of 2 to 3 seen in most countries.

Another yardstick is the return on capital, which should be falling if there is huge spare capacity. Yet average industrial profit margins and the rate of return on capital of listed firms have been fairly steady over the past decade after adjusting for the cycle. Although many firms, particularly state-owned ones, benefit from cheap loans, the average real cost of borrowing across the whole economy is much higher, so this distortion is more likely to lead to a misallocation of investment than to excess overall investment. The growth rate in China’s “total factor productivity” (TFP), a measure of the efficiency with which both labour and capital are used, has also been one of the fastest in the world.

TFP growth has probably fallen in the past few years, but that largely reflects a spurt in infrastructure investments, which deliver modest immediate gains but will boost productivity over the next 20 or 30 years. Although sceptics dismiss many of these projects as white elephants, a report by BCA Research suggests that the country’s infrastructure is still lagging behind demand. The total length of railway track has increased by 50% since 1995, for example, but passenger numbers have doubled and freight traffic has increased by 150%. China has around 6% of the world’s total railway network, yet carries 24% of global freight volumes. And despite all the new property construction in recent years, there is still an overall shortage of housing in China. Roughly one-third of urban residents live in poor-quality collective housing. This means that many more houses need to be built. Again, the problem is misallocation of investment rather than oversupply. There is huge unsatisfied demand from people who cannot afford to buy at current prices, while a rising number of richer households own more than one home, often as an investment.

Flawed figures?

China’s rising investment and falling consumption as a share of GDP are commonly portrayed as an economic anomaly. Yet this pattern is normal in a rapidly industrialising country. In a traditional agricultural economy farmers consume most of their income, but once industrialisation gets under way a rising share of national income goes to owners of capital, who invest it in factories and the like. Investment rises as a share of GDP, and consumption falls. During their peak periods of industrialisation, South Korea and Japan saw an even sharper rise in investment relative to GDP than China has seen over the past 20 years.

As for that oddly high level in its investment-to-GDP ratio, one explanation is that China’s statistical system (set up when it was a command economy) is better at recording investment than consumer spending. Many think consumption (especially of services) is undermeasured as a share of GDP, and hence that investment is overstated. A report by Morgan Stanley suggests that China’s true investment-to-GDP ratio may be up to ten percentage points lower than officially reported (ie, 38% rather than 48%).

Given China’s rapid growth, cheap loans and the big role played by state-owned banks, it is inevitable that capital has been wasted in some industries. But the evidence suggests that China has not seriously overinvested. That does not mean rebalancing is unnecessary. Under China’s capital-heavy model of growth, owners of capital have been getting much richer than workers. The main reason for shifting from capital-intensive production to the more labour-intensive, consumer-friendly sort is not to sustain economic growth, but to reduce inequality. Workers could then enjoy more of the rewards of China’s past investment.

The Economist

 

[Martian2]

Most popular National Geographic Megastructures video: China Ultimate Port

Among the dozen of National Geographic Megastructures videos on YouTube, this one is the best by far. "China Ultimate Port" has 153,193 views and a whopping 321 "likes" vs. 6 "dislikes."

I watched the entire video from beginning to end. It was full of surprising information throughout. I encourage you to watch the entire video. It's very exciting!

 

[eachus]

nice video, I can spy the chinese development from this small window. Chinese economic is merged by millions videos like this one, very powerful at amazing speed.

 

[sweetgrape]

China develops 5.5T/300 superconducting magnetic separator
China develops 5.5T/300 superconducting magnetic separator | China's Great Science and Technology

2012-07-05 — Weifang Xinli Superconducting Co.,LTD’s zero-volatile 5.5T/300 superconducting magnetic separator has been successfully off the assembly line on June 13, 2012. And the zero-volatile 5T/500 superconducting separator prototype is planned for completion in early 2013. Before this product, only the United States and a few developed countries are able to produce expensive price (5T/20K/500 about $ 20 million/unit) and maintenance of operating costs and inconvenience to limit its application in the domestic.

For domestic ore low utilization rate and low grade ore, Xinli Superconducting and the Institute of High Energy Physics of Chinese Academy of Sciences made joint development of zero-volatile low-temperature superconducting magnetic separator in October 2010. The concept is to use the characteristics of the superconducting coil resistance in the superconducting state is zero, high current through the superconducting coil, resulting in greatly induced current and magnetic field strength, the huge magnetic field powerful enough to be weakly magnetic minerals in metal ores and non-metallic mineral harmful metal separation. Zero due to the resistance of the superconducting coil, the scarcity of energy consumed in the demagnetization of the conditions of continuous work, energy consumption is only 10% of the ordinary electromagnetic devices, the production efficiency is 10 times more than ordinary electromagnetic devices in dealing with iron ore tailings, weakly magnetic metal ore and kaolin, potassium and sodium feldspar, high-purity quartz and other non-metallic mineral iron oxide and weakly magnetic material has a distinct advantage, with great economic and social benefits.

The center of the magnetic field strength in the machine up to 5.5T, the zero volatile of liquid helium can satisfy three years operation without supplementary, the magnet life for over 20 years with demagnetization of pity case of continuous operation.

The machine weighs only 15 tons, only about the 1/6 of same efficiency of electromagnetic separator, total power is 40KW, power-saving of 90% compared with the same efficiency of electromagnetic separator, the system computer can realize real-time acquisition to process dry Kaolin ore up to 120 tons per day, approximately 10 times more than with the efficiency of electromagnetic separator, a substantial increase in the grade of ore the election.

5.5T/300 superconducting magnetic separator has these outstanding advantages:

the center of the magnetic field strength up to 5.5T;
liquid helium zero volatile (3 years, no need to supplement liquid helium);
short excitation time (1h);
magnets life of more than 20 years;
in the demagnetization of the case of continuous operation;
The machine weighs only 15 tons electromagnetic separator with the same efficiency compared to only about 1/6;
the total power is only 40KW, 90% saving compared with the same efficiency of electromagnetic separator;
processing capacity of up to 120 tons / day of dry Kaolin ore, approximately 5-10 times with the efficiency of electromagnetic separator.
the entire microcomputer control, the parameters can be real-time acquisition;
a substantial increase ore select grade.

Weifang Xinli Superconducting Magnet Technology Co., Ltd. was established in September 2009 in Weifang High-tech Development Zone, Shandong Walter Magnet Technology Co., Ltd. a wholly owned subsidiary, set up a joint team of experts of the Institute of High Energy Physics of Chinese Academy of Sciences high-tech enterprises. In December 2009, the company signed with the Institute of High Energy Physics, Chinese Academy of Sciences of the superconducting technology, comprehensive cooperation agreement aimed at the development of MRI superconducting magnets, superconducting magnetic separator, superconducting separator, and other leading products in the ultra- guide technology applications is a major breakthrough, and thus to achieve industrialization. Sony’s aim has always been adhering to the head office is committed to being the world’s leading engineering service provider for superconducting magnets.

The company has strong technical force, the Alliance on innovation strategy of the magnetic and superconducting magnet application technology, “Doctoral Fellow of the workstation”, “CAS High Energy Institute superconducting magnet engineering center” and “China Machinery Industry superconducting magnet engineering Research Center “set up in my company. Academic Committee has thirteen domestic authoritative experts headed by Academician YE Chao-Hui, Yan Luguang, guiding the company product development, industrialization and product marketing. R & D team is composed by 76 people, including 4 doctors, 8 masters, kite all scholars, a researcher, senior laboratory, 27 senior engineers, 85% of Bachelor degree or above.


China produces CNC cylindrical gears slicing machine tool
China produces CNC cylindrical gears slicing machine tool | China's Great Science and Technology

2012-07-05 — To meet the requirements of the special structure of gear in viation, aerospace, automotive, wind energy and other industry, a new method of gear machining, gear slicing, is proposed to improve the limitation of current gear machining method for not run-through inner gear without recess.

Changsha Machine Tool Co.,LTD and Tianjin University jointly developed cylindrical gear cut tooth processing method using dual high-speed synchronous spindle head surface machining, the creation of a cut-cut theory of the cylindrical gear. The technology and give full play to the characteristics of CNC automation, new cylindrical gear cutting method, carried out within and outside the straight-tooth or helical gear peeling developed into processing, the same machine can be processed outside of the tooth can be processed internal tooth. Processing for multi-axis gear to achieve the smaller parts of On the pitch, non-form without undercuts the workpiece within the tooth, external tooth machining, and CNC technology to achieve the modification of the gear. It can achieve the following three modulus workpiece outside diameter less than 135 mm, internal diameter 60 mm above the ramp outside the teeth, is, oblique internal gear cutting.

Changsha Machine Tool Co.,LTD uses this technology and developes China’s first CNC cylindrical gears slicing machine tool. On July 5 2012, this new system was promoted in Chsngsha City, Hunan Province.

The concept and characteristics of gear slicing are proposed in view of the realization of gear machining, chip formation, and the exclusion of chip. The principle of gear slicing is opened out based on the meshing principle of staggered axial helical gears.

According to the principle of gear slicing, the movements required in gear machining and the relationship between the movements are made certain. So the movement model is established. The relative speed at cutting point is learned and the factors affecting the speed are analyzed to prove the feasibility of gear slicing based on the knowledge of differential geometry.

According to Changsha Machine Tool Co.,LTD, the birth of the technology let gear production become more efficient and cheaper, and more machining accuracy, lower processing roughness. Traditional crafts (hobbing) can only process one hour three, 10,000-consuming 3333.3 hours, low power consumption 17199.83 degrees and the new technology (YK1015A CNC cut tooth machine) one hour to process 149 per ten thousand took 67.114 hours, power consumption is 1610.74 ° In addition, the traditional process (hobbing) stand-alone cutting oil per month to consume about 100 liters, the new technology (YK1015A CNC cut tooth machine) dry cutting, no oil. CNC cut tooth machine in the course of the operation, without coolant, if the product is successful in the domestic promotion, only the automobile gear industry, annual savings of fuel will be hundred million tons in volume terms.

 

[Greater China]

China, Cuba pledge to further enhance ties

July 6, 2012

After President Hu Jintao held talks with Castro, both countries signed eight agreements covering, among other sectors, agriculture, healthcare and technology.

China and Cuba are both at an important phase in their development, Hu told Castro, who arrived for his first state visit to China, on Wednesday, since taking office in 2008.

To further boost and develop China-Cuba relations will enhance common development and promote cooperation between China and Latin America, Hu said.

Focus should be placed on increasing trade and cooperation in a number of fields, including energy and construction, Hu said.

Hu also suggested that both countries should coordinate more on key issues, including United Nations reform, climate change and sustainable development. Hu praised Cuba's socialist achievements and said China will always support the country in protecting its sovereignty.

Castro, the 81-year-old president of Cuba's Council of State and the Council of Ministers, said Cubans are proud of the ties between the two countries and their increasing cooperation.

Castro said Cuba is steadily promoting reform and exploring a development path consistent with its national conditions, to promote comprehensive and coordinated economic and social development.

Cuba attaches great importance to China's successful experience in development, Castro said.

He pointed out that trade, investment and renewable energy were areas that would benefit from greater cooperation.

Analysts said Cuba views China as a role model and wants to learn from its economic experience.

Cuba is particularly paying attention to economic cooperation since Castro is focusing on development and reform, said Qi Fengtian, an expert on Latin American studies at the Chinese Academy of Social Sciences.

Economic cooperation with China and other countries is important for Cuba to get out of its economic difficulties, but Cuba is not ignoring the rich tradition of political cooperation between the two countries, Qi said.

Cuba established diplomatic relations with China on Sept 28, 1960, the first Latin American country to do so.

China is Cuba's second-largest trading partner after Venezuela. Trade between the two, in 2011, reached $2 billion.

Cuba is taking a comprehensive approach to ties to get the most out of them, Qi added.

Noting that Cuba has a vibrant biotechnology and healthcare sector, Qi said cooperation between the two countries has obvious benefits.

Castro will also visit Vietnam, which is Cuba's main supplier of rice.

Cuba can draw on the experiences of other socialist countries that have been economically successful, said Yang Jianmin, an expert at the center for Cuban studies at the Chinese Academy of Social Sciences.

China.org.cn

 

[+4vsgorillas-Apebane]

China develops 5.5T/300 superconducting magnetic separator
China develops 5.5T/300 superconducting magnetic separator | China's Great Science and Technology

2012-07-05 — Weifang Xinli Superconducting Co.,LTD’s zero-volatile 5.5T/300 superconducting magnetic separator has been successfully off the assembly line on June 13, 2012. And the zero-volatile 5T/500 superconducting separator prototype is planned for completion in early 2013. Before this product, only the United States and a few developed countries are able to produce expensive price (5T/20K/500 about $ 20 million/unit) and maintenance of operating costs and inconvenience to limit its application in the domestic.

For domestic ore low utilization rate and low grade ore, Xinli Superconducting and the Institute of High Energy Physics of Chinese Academy of Sciences made joint development of zero-volatile low-temperature superconducting magnetic separator in October 2010. The concept is to use the characteristics of the superconducting coil resistance in the superconducting state is zero, high current through the superconducting coil, resulting in greatly induced current and magnetic field strength, the huge magnetic field powerful enough to be weakly magnetic minerals in metal ores and non-metallic mineral harmful metal separation. Zero due to the resistance of the superconducting coil, the scarcity of energy consumed in the demagnetization of the conditions of continuous work, energy consumption is only 10% of the ordinary electromagnetic devices, the production efficiency is 10 times more than ordinary electromagnetic devices in dealing with iron ore tailings, weakly magnetic metal ore and kaolin, potassium and sodium feldspar, high-purity quartz and other non-metallic mineral iron oxide and weakly magnetic material has a distinct advantage, with great economic and social benefits.

The center of the magnetic field strength in the machine up to 5.5T, the zero volatile of liquid helium can satisfy three years operation without supplementary, the magnet life for over 20 years with demagnetization of pity case of continuous operation.

The machine weighs only 15 tons, only about the 1/6 of same efficiency of electromagnetic separator, total power is 40KW, power-saving of 90% compared with the same efficiency of electromagnetic separator, the system computer can realize real-time acquisition to process dry Kaolin ore up to 120 tons per day, approximately 10 times more than with the efficiency of electromagnetic separator, a substantial increase in the grade of ore the election.

5.5T/300 superconducting magnetic separator has these outstanding advantages:

the center of the magnetic field strength up to 5.5T;
liquid helium zero volatile (3 years, no need to supplement liquid helium);
short excitation time (1h);
magnets life of more than 20 years;
in the demagnetization of the case of continuous operation;
The machine weighs only 15 tons electromagnetic separator with the same efficiency compared to only about 1/6;
the total power is only 40KW, 90% saving compared with the same efficiency of electromagnetic separator;
processing capacity of up to 120 tons / day of dry Kaolin ore, approximately 5-10 times with the efficiency of electromagnetic separator.
the entire microcomputer control, the parameters can be real-time acquisition;
a substantial increase ore select grade.

Weifang Xinli Superconducting Magnet Technology Co., Ltd. was established in September 2009 in Weifang High-tech Development Zone, Shandong Walter Magnet Technology Co., Ltd. a wholly owned subsidiary, set up a joint team of experts of the Institute of High Energy Physics of Chinese Academy of Sciences high-tech enterprises. In December 2009, the company signed with the Institute of High Energy Physics, Chinese Academy of Sciences of the superconducting technology, comprehensive cooperation agreement aimed at the development of MRI superconducting magnets, superconducting magnetic separator, superconducting separator, and other leading products in the ultra- guide technology applications is a major breakthrough, and thus to achieve industrialization. Sony’s aim has always been adhering to the head office is committed to being the world’s leading engineering service provider for superconducting magnets.

The company has strong technical force, the Alliance on innovation strategy of the magnetic and superconducting magnet application technology, “Doctoral Fellow of the workstation”, “CAS High Energy Institute superconducting magnet engineering center” and “China Machinery Industry superconducting magnet engineering Research Center “set up in my company. Academic Committee has thirteen domestic authoritative experts headed by Academician YE Chao-Hui, Yan Luguang, guiding the company product development, industrialization and product marketing. R & D team is composed by 76 people, including 4 doctors, 8 masters, kite all scholars, a researcher, senior laboratory, 27 senior engineers, 85% of Bachelor degree or above.


China produces CNC cylindrical gears slicing machine tool
China produces CNC cylindrical gears slicing machine tool | China's Great Science and Technology

2012-07-05 — To meet the requirements of the special structure of gear in viation, aerospace, automotive, wind energy and other industry, a new method of gear machining, gear slicing, is proposed to improve the limitation of current gear machining method for not run-through inner gear without recess.

Changsha Machine Tool Co.,LTD and Tianjin University jointly developed cylindrical gear cut tooth processing method using dual high-speed synchronous spindle head surface machining, the creation of a cut-cut theory of the cylindrical gear. The technology and give full play to the characteristics of CNC automation, new cylindrical gear cutting method, carried out within and outside the straight-tooth or helical gear peeling developed into processing, the same machine can be processed outside of the tooth can be processed internal tooth. Processing for multi-axis gear to achieve the smaller parts of On the pitch, non-form without undercuts the workpiece within the tooth, external tooth machining, and CNC technology to achieve the modification of the gear. It can achieve the following three modulus workpiece outside diameter less than 135 mm, internal diameter 60 mm above the ramp outside the teeth, is, oblique internal gear cutting.

Changsha Machine Tool Co.,LTD uses this technology and developes China’s first CNC cylindrical gears slicing machine tool. On July 5 2012, this new system was promoted in Chsngsha City, Hunan Province.

The concept and characteristics of gear slicing are proposed in view of the realization of gear machining, chip formation, and the exclusion of chip. The principle of gear slicing is opened out based on the meshing principle of staggered axial helical gears.

According to the principle of gear slicing, the movements required in gear machining and the relationship between the movements are made certain. So the movement model is established. The relative speed at cutting point is learned and the factors affecting the speed are analyzed to prove the feasibility of gear slicing based on the knowledge of differential geometry.

According to Changsha Machine Tool Co.,LTD, the birth of the technology let gear production become more efficient and cheaper, and more machining accuracy, lower processing roughness. Traditional crafts (hobbing) can only process one hour three, 10,000-consuming 3333.3 hours, low power consumption 17199.83 degrees and the new technology (YK1015A CNC cut tooth machine) one hour to process 149 per ten thousand took 67.114 hours, power consumption is 1610.74 ° In addition, the traditional process (hobbing) stand-alone cutting oil per month to consume about 100 liters, the new technology (YK1015A CNC cut tooth machine) dry cutting, no oil. CNC cut tooth machine in the course of the operation, without coolant, if the product is successful in the domestic promotion, only the automobile gear industry, annual savings of fuel will be hundred million tons in volume terms.

I have no idea wtf this thing is but it sure sounds impressive.

 

[eachus]

the first machine is to produce Helium from air, 10 times more efficient then current generation. save a lot of energy and scale up production. machine itself is not a huge inversion, but from this news, I know Chinese can employ superconducting tech everywhere. superconducting is very powerful military tech. can be use in large power plans and power grid.

Common Uses of Helium

Helium is used to cool superconducting magnets in MRI scanners.
As helium is lighter than air, airships and balloons can be filled with the gas to gain lift.
Helium is used to condense hydrogen and oxygen to make rocket fuel.
Helium can be added to oxygen tanks so that divers can breath more easily. This is especially important for people that go deep diving (over 450 ft below sea level).
Used in helium-neon lasers. These lasers can be used to read barcodes.
Helium can be used to detect leaks in high-vacuum and high-pressure equipment.
For materials easily contaminated by air, helium is used as a shielding gas in the arc welding process.
Helium is used as a protective gas when growing silicon and germanium crystals and when producing titanium and zirconium. It is a fantastic protective gas as it is inert (unreactive).
The age of rocks which contain uranium and thorium can be estimated using helium dating.
Helium is often used as a carrier gas in gas chromatography.
Helium can be used to detect leaks (small fractures) in some vessels.

==============

the 2nd machine is a tool to produce very complicate parts for any purpose, those parts are very difficult or impossible to produce from conventional methods. Sometimes, if you can not product those, and US, western countries ban export sensitive tech to China, you will not able to build/manufacture advance machine, weapons,,,,

 

[eachus]

Chinese travelers changing world tourism landscape

BEIJING – Huang Meng, a veteran reporter for a Chinese news outlet, still vividly remembers his first trip to Paris in the mid-1990s.

When he entered the pyramid gate of the Louvre Museum, a mecca for Paris visitors, he saw there were free introductory pamphlets for visitors. But none of the handouts were in Chinese and as a result, he was lost in the huge maze of exhibits as he spoke only little English.

Last year, Huang visited France again. This time, he found not only pamphlets in Chinese in the Louvre, but also the museum’s Chinese web page. Moreover, some shop assistants at the luxurious Galeries Lafayette department store spoke Mandarin, while hotels with many Chinese guests provided TV channels in their native language.

“I am very exited to hear Chinese spoken and see Chinese signs in Paris. It is convenient for Chinese tourists,” Huang said. “And the hospitable French people really make me feel at home.”

Huang’s experience is not unique among the fast growing numbers of outbound Chinese travelers. While they are influencing the world tourism landscape in economic, cultural and other ways, the destination countries are also adapting themselves to the booming influx of Chinese tourists.

Booming Chinese Outbound Tourism

Outbound tourism has become a lucrative business for travel agencies in China, and heavy spending by Chinese tourists overseas has contributed to the economies of destination countries.

In 2009, less than 5 percent of China’s over 22,000 travel agencies were engaged in the outbound tourism business. But overseas tourism generated 22 percent of China’s total tourism revenue, according to the China Tourism Academy (CTA).

The profitable overseas tourism business has been sustained by the rapid growth of Chinese visitors going abroad.

Major tourist destinations across the world have seen surging numbers of Chinese visitors in recent years. In 2010 alone, 57.39 million Chinese traveled abroad, spending $48 billion overseas, according to CTA figures.

The World Tourism Organization has estimated that the total number of outbound tourists from China would reach 100 million by 2020.
China Travel Trends » Blog Archive » Chinese travelers changing world tourism landscape

===============
worldbank.org

International tourism, number of arrivals | Data | Table

In 2010, 57.4 million Chinese traveled out of China to see
the world and to spend money on outbound tourism.For 2015, the China National Tourism Administration CNTA forecasts that 100 million travelers spending US$100 billion will turn China into the worldwide No. 1 international tourism source market.

In 2010, the number of domestic tourists reached 2.1 billion, an increase of 10.6% against the previous year; domestic tourism income reached RMB 1.26 trillion, marking an increase of 23.5%; the number of inbound tourist reached 134 million, marking an increase of 5.8%; the number of inbound overnight tourists reached 55.66 million, marking an increase of 9.4%; tourism foreign exchange earnings reached USD 45.8 billion, marking an increase of 15.5%; the number of outbound tourists reached 57.39 million, marking an increase of 20.4%; total income of the national tourism industry reached RMB 1.57 trillion, marking an increase of 21.7%.


International tourism, number of arrivals | Data | Table

 

[eachus]

International tourism, number of arrivals | Data | Table

International tourism, number of arrivals


Year of....2007.......2008.......2009........2010.......WorldBank.data

China 54,720,000 53,049,000 50,875,000 55,664,000
H.Kong, China 17,154,000 17,319,000 16,926,000 20,085,000
Macao, China 12,945,000 10,610,000 10,402,000 11,926,000
Taiwan,China 6,000,000 6,000,000 6,000,000 6,087,484
total of "Great China"........................ ( 93.9 millions)

France 80,853,000 79,218,000 76,764,000 77,148,000

U.S.A 55,979,000 57,937,000 54,884,000 59,791,000

Spain 58,666,000 57,192,000 52,178,000 52,677,000

Italy 43,654,000 42,734,000 43,239,000 43,626,000

U.King 30,870,000 30,142,000 28,199,000 28,295,000

Turkey 22,248,000 24,994,000 25,506,000 27,000,000

Germany 24,421,000 24,884,000 24,220,000 26,875,000

Malaysia 20,973,000 22,052,000 23,646,000 24,577,000

Russian 22,909,000 23,676,000 21,339,000 22,281,000

Mexico 21,370,000 22,637,000 21,454,000 22,260,000

Austria 20,773,000 21,935,000 21,355,000 22,004,000

Ukraine 23,122,000 25,449,000 20,798,000 21,203,000

Canada 17,935,000 17,142,000 15,737,000 16,097,000

Thailand 14,464,000 14,584,000 14,150,000 15,936,000

Greece 16,165,000 15,939,000 14,915,000 15,007,000

Egypt. 10,610,000 12,296,000 11,914,000 14,051,000

Saudi 11,531,000 14,757,000 10,897,000 10,850,000

.
.
.
.
.
.
India 5,082,000 5,283,000 5,168,000 5,776,000

Year of....2007.......2008.......2009........2010.......WorldBank.data


International tourism, number of arrivals

International tourism, number of arrivals | Data | Table

 

[doidoi2]

the first machine is to produce Helium from air, 10 times more efficient then current generation. save a lot of energy and scale up production. machine itself is not a huge inversion, but from this news, I know Chinese can employ superconducting tech everywhere. superconducting is very powerful military tech. can be use in large power plans and power grid.

Common Uses of Helium

Helium is used to cool superconducting magnets in MRI scanners.
As helium is lighter than air, airships and balloons can be filled with the gas to gain lift.
Helium is used to condense hydrogen and oxygen to make rocket fuel.
Helium can be added to oxygen tanks so that divers can breath more easily. This is especially important for people that go deep diving (over 450 ft below sea level).
Used in helium-neon lasers. These lasers can be used to read barcodes.
Helium can be used to detect leaks in high-vacuum and high-pressure equipment.
For materials easily contaminated by air, helium is used as a shielding gas in the arc welding process.
Helium is used as a protective gas when growing silicon and germanium crystals and when producing titanium and zirconium. It is a fantastic protective gas as it is inert (unreactive).
The age of rocks which contain uranium and thorium can be estimated using helium dating.
Helium is often used as a carrier gas in gas chromatography.
Helium can be used to detect leaks (small fractures) in some vessels.

==============

the 2nd machine is a tool to produce very complicate parts for any purpose, those parts are very difficult or impossible to produce from conventional methods. Sometimes, if you can not product those, and US, western countries ban export sensitive tech to China, you will not able to build/manufacture advance machine, weapons,,,,

Sounds good, but unfortunately you don't know what you're talking about. The Superconducting magnetic separator is used primarily in earth and mineral processing. It's used to separate magnetic and weakly magnetic particles in ores from each other and from non-magnetic particles. There are many uses for this, from ore processing to water treatment to ceramic manufacturing.

Superconductors and power-saving electromagnets, of course, have important applications in military technologies as well. Applications like water treatment aboard military vessels as well as energy saving electromagnets used in magnetic aircraft launch systems aboard carriers.

The second machine is used in precision gear production. Gears are one of the most important parts in power generating equipment. Think things like Wind turbines and electrical generators. Again, it's more of an improvement in manufacturing process. As it states in the article, the new process promises improvements of up to 50 times faster than current production rates.