What's new

China Economy Forum

Net of external trades, i.e. exports minus imports, accounts for some 2% of China's $8.5 trillion economy in 2012.
 
.
In 2010 China industrial data collection
Since 2008 1, the economic crisis makes China the world factory position consolidates further.
2, power generation, energy consumption both has exceeded the United States of America of which the United States had the two thrones for 100 years. This is a landmark event with far-reaching influence.
One, fundamental industry data:
1, the output of crude steel: 6.27 hundred million tons, grow 9.3% compared to the same period, accounted for 44.3% of world total output, more than the sum of the first 20 countries;
2, steel production: 7.98 hundred million tons, grow 14.9% compared to the same period
3, cement production: 18.68 hundred million tons, grow 15.53% compared to the same period, accounted for 60% of total output in the world;
4, electrolytic aluminum production: 15650000 tons, grow 21.4% compared to the same period, more than 65% of world total output;
5, refined copper production; 4570000 tons, grow 10.6% compared to the same period, accounting for 24% of world total output; imports 4290000 tons, consumption equivalent amounts to 8800000 tons, more than 50% of world total output;
6, coal production: 32.4 hundred million tons, grow 8.9% compared to the same period, accounted for 45% of total output in the world;
7, crude oil production: 2.02 hundred million tons, grow 6.9% compared to the same period; imports 2.39 tons, grow 17.4% compared to the same period; apparent consumption amounts to 4.39 tons;
8, ethylene production: 14189000 tons, grow 31.7% compared to the same period, second in the world ( the United States first ); equivalent consumption 24000000 tons, self-sufficient rate is about 59%;
9, chemical fertilizer production: 67406000 tons, grow 5.6% compared to the same period, accounted for 35% of total output in the world;
10, the plastic production: 55500000 tons, grow 20.9% compared to the same period, accounted for 20% of total output in the world;
11, chemical fiber production: 30900000 tons, grow 12.44% compared to the same period, accounted for 42.6% of total output in the world;
12, glass production: 630000000 weight boxes, grow 10.9% compared to the same period, more than 50% of world total output
Two, industrial product data:
1, automobile production: 18264700, grow 32.44% compared to the same period, accounted for 25% of total output in the world;
Sales volume 18061900, grow 32.37% compared to the same period, the United States created new car sales surpassed 17500000 units in the historical record.
2: shipbuilding, ship production volume of 65600000 DWT, grew 54.6%, occupy world gross is 41.9%;
New order 75230000 carring capacity ton, an increase of 290%, accounting for 48.5% of the world total;
Handheld order 192915000 carring capacity ton, accounted for 40.8% of the world total;
Exports income exceeded 400 hundred million dollar, grow 42.07% compared to the same period.
3, engineering machinery production: 590 hundred million dollar, grow 20% compared to the same period, accounting for 43% of world total output ( engineering machinery: loader, excavator, bulldozer, crane, concrete pump, forklifts, rollers etc.)
4, the computer output: 2.46 hundred million, grow 35% compared to the same period, accounting for 68% of world total output, than in 2009 increased 8 points to share;
5, TV production: 1.18 hundred million, grow 19.5% compared to the same period, accounting for 50% of world total output, than in 2009 increased 2 points to share;
6, refrigerator production: 73 million, grow 23% compared to the same period, accounting for 65% of world total output, than in 2009 increased 5 points to share;
7, air-conditioning production: 1.09 hundred million, grow 35% compared to the same period, accounting for 80% of world total output, than in 2009 increased 10 points to share;
8, mobile phone production: 9.98 hundred million, grow 61% compared to the same period, more than 70% of world total output; share than in 2009 increased 20 points;
9, washing machine production: 61 million, grow 21% compared to the same period, accounting for 44% of world total output, than in 2009 increased 4 points to share;
10, a microwave oven production: 68 million, grow 12% compared to the same period, holds world total output 70%;
11, digital camera; 82 million, accounting for 65% of total output in the world;
12, digital TV set-top box: 150 million, accounting for 73% of total output in the world;
Third, infrastructure data:
1, power: increases installed capacity newly 91.18 million kilowatt, the installed capacity reached 962 million kilowatts ( the United States is 1000 million kilowatt, grow 10.07% compared to the same period );
2, power: 42065 hundred million, grow 13.2% compared to the same period, the world 's total generating capacity of 22%, the United States ( the United States beyond the first in 2010 was about 41100 hundred million degrees), ranked first in the world;
The United States of America in this location had sat 100 years, electricity exceeding American is a milestone;
3: the new highway, road traffic mileage of 105000 kilometers ( high speed ), the total mileage of 3984000 kilometers of road network;
The new highway 8258 kilometers, the total mileage of 74100 km ( 90000 km of the United States );
4, 4986 km of new railway: production, in which the passenger transport special railway line 1554 kilometers;
doube line of 3747 kilometers;
Business total mileage of 91000 kilometers ( second only to the United States of America ), in which high speed railway 8358 km.
5, the sources of energy: an energy consumption of 32.5 hundred million tons of standard coal, grow 6% compared to the same period, more than American, it is a milepost.
In four, light industrial products and other:
1, yarn production: 27.170 million tons, grow 17.5% compared to the same period, accounted for 46% of the world's total;
2, cloth production: 800 hundred million meters, an increase of 6.2%
3, gold production: 340.876 tons, grow 8.57% compared to the same period, the first in the world;
From the yarn, cloth production yield rate analysis, China in the world textile share will only increase, not reduce.
There is also a landmark data
In 2010 China's first and second industry ( agricultural and manufacturing industry ) total production value overtook the United States of America too.
 
.
I am getting more sanguine about China's economic prospect in 2013 and would tentatively peg the GDP growth rate at 8.5%。As for 2012, an increase in the economic output of 7.8-7.9% is on the cards。Preliminary Data are due on 18.01.2013,so we won't have to wait for long。


Dec. 30, 2012, 8:59 p.m. EST

China manufacturing extends rebound

HSBC data

By Michael Kitchen

LOS ANGELES (MarketWatch) -- Chinese manufacturing extended its rebound in December, according to HSBC data out Monday. The HSBC China manufacturing Purchasing Managers' Index rose to a final reading of 51.5, an upward revision from the preliminary 50.9 result and an improvement from November's PMI of 50.5. The result was also the best for the data set since May 2011, according to Dow Jones Newswires. Both Hong Kong and Australian stock indexes came off their lows after the data release, though both remained in negative territory as concern about the U.S. fiscal cliff kept Asian shares under pressure.

China manufacturing extends rebound: HSBC data - MarketWatch

the reason for the recovery is that chinese people boycotted japanese goods. local competitors of japanese companies have had good chance to grow. so, to keep china economy growing, chinese people need to maintain boycotting japanese goods!
 
.
Poorest Chinese province to settle 100,000 in new homes

GUIYANG, Jan. 3 (Xinhua) -- A southwestern Chinese province with the largest impoverished population in the country will relocate more than 100,000 destitute rural residents into modern communities before spring 2013.

The move was part of a poverty alleviation project initiated last year to move 2 million farmers out of the province's poverty-ridden mountainous and desert areas within nine years.

According to the province's office on poverty relief and ecological migration, Guizhou built 180 new communities for the project in 2012, with a cost of 1.81 billion yuan (287.9 million U.S. dollars).

The first batch of 101,300 farmers are expected to move into their new homes before this year's Spring Festival, or Chinese Lunar New Year, falls on February 10, an official from the office said.

Guizhou is home to 11.49 million rural residents who are struggling below the national poverty line for farmers, which was raised to 2,300 yuan in per capital annual income in 2011.

The official said most of the communities were adjacent to towns and industrial parks where job opportunities abound, and the local governments will offer job training to help the farmers adapt to their new lives.

Those relocated near towns will also have access to education, medical services and other social welfare enjoyed by urban dwellers.

Officials in Guizhou said the project would relocate another 250,000 farmers in 2013.
 
. .
In 2011, world trade 18.2trillion$(export 18.2 trillion$ , import 18.2trillion$ )
In which the top 3 export countries:China,US, Germany,account for 10.4%、8.1% and 8.1%
the top 3 import countries:US,China,Germany, account for 12.3%、9.5% and 6.8%

balance of US China Germany account for the world trade: -4.2%, 0.9%, 1.3%
 
.
gordon chang???

Is that a joke?

Why are there always idiots who believe what he said anyway???

External risks impede China recovery, more easing seen | Reuters

Basically what Gordon Chang described in his article, just from another, independent source. None of you find it slightly suspicious exports "picked up" when the CCP was switching people?
Why am i asking, right, 50c says you dont find anything suspicious in China.

In a bid to attract more FDI (which has been falling on a year to year basis), your Central Bank even loosened the limits for investing.



China lets foreign sovereigns, central banks exceed $1 billion investment limit | Reuters

Can you say ponzi scheme with me! :azn: effin' bots lol. feel free to laugh it off, not much you can argue against anyhow.
 
.
gordon chang???

Is that a joke?

Why are there always idiots who believe what he said anyway???
Lol, we should thank those idiots. Let them spread their stupidity into the West and India while we are advancing. Let the enemy sleeps on their victory dream, it would be easier for us to win in the reality.

The world is harsh, those who believe in idiots will fall. No need to teach them, let them die in pain
 
.
gordon chang???

Is that a joke?

Why are there always idiots who believe what he said anyway???

people who listens to him already have their mind made up and are only looking to reenforced their views while rejecting all contradictory evidence as communist propaganda or something
 
.
China Exclusive:
China building nuclear power plant with fourth-generation features

01/07/2013

China has broken ground on a 3 billion-yuan (476 million-U.S. dollar) nuclear power project that will be the first in the world to put a reactor with fourth-generation features into commercial use, a Chinese energy company said Sunday.

It also marks China's latest move to speed up nuclear power development, which came to a halt after the Fukushima nuclear crisis in Japan in 2011.

Construction of the project at Shidao Bay in the coastal city of Rongcheng, east China's Shandong Province, began last month, Xinhua learned from Huaneng Shandong Shidao Bay Nuclear Power Co., Ltd. (HSNPC), the builder and operator of the plant.

With a designed capacity of 200 megawatts and "the characteristics of fourth-generation nuclear energy systems," the high-temperature gas-cooled reactor will start generating power by the end of 2017, the HSNPC said in a statement sent to Xinhua via email.

Independently developed by China's Tsinghua University, the reactor has the features of "inherent safety" and "passive nuclear safety" in line with the fourth-generation concept, meaning it can shut down safely in the event of an emergency without causing a reactor core meltdown or massive leakage of radioactive material, according to the statement.

The reactor can have an outlet temperature of 750 degrees Celsius, compared with 1,000 degrees Celsius that can be reached by the very-high-temperature gas-cooled reactor, an internationally-accepted fourth-generation reactor concept.

It can also raise electricity generation efficiency to around 40 percent from the current 30-percent level of second- and third-generation reactors, said the statement.

If it is commercially successful, the reactor's technology and equipment can be exported to other countries in the future, said an HSNPC public relations officer who declined to be named.

"That will be a great boost to China's nuclear industry, as a very high percentage of the equipment is produced domestically instead of being imported," the official told Xinhua by telephone.

The project is part of the HSNPC's broader plan to build a 6.6-gigawatt (GW) nuclear power plant that will require approximately 100 billion yuan in investment over 20 years. If completed, it would be China's largest nuclear power plant, said the official.

The rest of the plan includes four 1.25-GW AP1000 pressurized water reactors and a 1.4-GW CAP1400 pressurized water reactor.

The plan has not yet been approved by regulators.

China Huaneng Group, China Nuclear Engineering Group Co. and Tsinghua University are investors in the plant.

Originally scheduled to be launched in 2011, the construction of the project was put off after a tsunami hit nuclear facilities at Japan's Fukushima plant in March 2011, triggering a nuclear meltdown and public panic.

China suspended the approval of new nuclear plants and carried out a nationwide safety review after the crisis. The government cautiously resumed nuclear project approvals in October last year in a bid to meet growing energy demands in the world's second-largest economy.

Out of safety concerns, authorities vowed not to build any nuclear power plants in inland regions during the 2011-2015 period and demanded that the world's strictest safety requirements be applied to new plants.

After the Fukushima crisis, the Shidao Bay project went through on-site checks in accident prevention and emergency management and passed government safety inspections, the HSNPC statement said.

China had 15 nuclear power-generating units in operation with a total installed capacity of 12.54 GW, and another 26 units currently under construction will add another 29.24 GW, according to a government white paper on energy policy released in October 2012.

Nuclear power only accounts for 1.8 percent of China's total power output, far below the world average of 14 percent, and China plans to increase its installed nuclear power capacity to 40 GW by 2015, the paper said.

Copyright 2013 Xinhua News Agency


Unbelievable! World first.
 
.
Chinese trade figures stun investors

Date January 10, 2013 - 1:13PM

China's export growth rebounded more strongly than expected in December from a three-month low, expanding at the fastest rate in seven months.

China’s exports rose 14.1 per cent in December from a year earlier while imports increased 6 per cent, leaving a trade surplus of $US31.6 billion ($30.1 billion), official data shows.

The pickup in overseas shipments compares with analyst expectations for a 5 per cent rise and a 2.9 per cent increase the previous month. Imports were tipped to grow 3.5 per cent, while the trade surplus was seen at $US20 billion.

For the year, China’s trade surplus surged 48.1 per cent to $US231.1 billion. Exports from the world’s second-largest economy rose 7.9 per cent to $US2.05 trillion, while imports increased 4.3 per cent to $US1.82 trillion, the national customs bureau said.

Read more: Chinese trade figures stun investors
 
.
China is closing to make its “artificial sun”
http://www.chinatechgadget.com/china-is-closing-to-make-its-artificial-sun.html
1251277256708-300x199.jpg

2013-01-06 — On Jan 5th, Heifei Insititute of Physical Science Chinese Academy of Sciences (CASHIPS) announces that its “big science projects”: EAST (Experimental Advanced Superconducting Tokamak) or so-called “artificial sun” has obtained a significant experimental results. The auxiliary heating neutral beam injection (NBI) system works successfully to 100 seconds long pulses hydrogen neutral beam extraction in the integrated test platform, initially verify the system’s ability to operate in long pulse.

Scientists introduce that it is China’s first time to realize long-pulse neutral beam extraction, marking China has taken a solid step on the research field of neutral beam injection heating .

The Experimental Advanced Superconducting Tokamak (EAST, internal designation HT-7U) is an experimental superconducting tokamak magnetic fusion energy reactor in Hefei, the capital city of Anhui Province, in eastern China. The experiment is being conducted by the Hefei-based Institute of Plasma Physics under the Chinese Academy of Sciences. The project was proposed in 1996 and approved in 1998. According to a 2003 schedule, buildings and site facilities were to be constructed by 2003, and tokamak assembly to take place from 2003 through 2005. EAST can carry out the most cutting-edge research related with thermonuclear reactor, such as the neutral beam injection system.

The EAST’s neutral beam injection system is fully developed by China itself and covers a precision high current ion source, high vacuum technology, low-temperature refrigeration technology, high voltage isolation technology, remote monitoring and control, and plasma and beam diagnostics.

In the newest experiments, the CASHIPS team only spends 10 day to archieve excellent experimental result of 30 keV beam energy, beam current of 9 Amps, 0.3 MW of beam power and neutral beam elicit with pulse width of 100 seconds. Experiment successfully tested megawatt level high current ion source performance and validate that NBI various subsystems have the ability to run long pulse of 100 seconds.

The experimental results obtained landmark which means that China’s self-developed neutral beam injection heating system has been reached international advanced level and basically overcome major technical difficulties, and prepares a solid foundation for the neutral beam injection system applied in 2013 EAST physics experiments.
 
.
China is closing to make its “artificial sun”
China is closing to make its “artificial sun” | China's Great Science and Technology
1251277256708-300x199.jpg

2013-01-06 — On Jan 5th, Heifei Insititute of Physical Science Chinese Academy of Sciences (CASHIPS) announces that its “big science projects”: EAST (Experimental Advanced Superconducting Tokamak) or so-called “artificial sun” has obtained a significant experimental results. The auxiliary heating neutral beam injection (NBI) system works successfully to 100 seconds long pulses hydrogen neutral beam extraction in the integrated test platform, initially verify the system’s ability to operate in long pulse.

Scientists introduce that it is China’s first time to realize long-pulse neutral beam extraction, marking China has taken a solid step on the research field of neutral beam injection heating .

The Experimental Advanced Superconducting Tokamak (EAST, internal designation HT-7U) is an experimental superconducting tokamak magnetic fusion energy reactor in Hefei, the capital city of Anhui Province, in eastern China. The experiment is being conducted by the Hefei-based Institute of Plasma Physics under the Chinese Academy of Sciences. The project was proposed in 1996 and approved in 1998. According to a 2003 schedule, buildings and site facilities were to be constructed by 2003, and tokamak assembly to take place from 2003 through 2005. EAST can carry out the most cutting-edge research related with thermonuclear reactor, such as the neutral beam injection system.

The EAST’s neutral beam injection system is fully developed by China itself and covers a precision high current ion source, high vacuum technology, low-temperature refrigeration technology, high voltage isolation technology, remote monitoring and control, and plasma and beam diagnostics.

In the newest experiments, the CASHIPS team only spends 10 day to archieve excellent experimental result of 30 keV beam energy, beam current of 9 Amps, 0.3 MW of beam power and neutral beam elicit with pulse width of 100 seconds. Experiment successfully tested megawatt level high current ion source performance and validate that NBI various subsystems have the ability to run long pulse of 100 seconds.

The experimental results obtained landmark which means that China’s self-developed neutral beam injection heating system has been reached international advanced level and basically overcome major technical difficulties, and prepares a solid foundation for the neutral beam injection system applied in 2013 EAST physics experiments.

OMG China is building what Doctor Octopus failed to create :eek:
16.25%20IMG_0803%20Spiderman%202%20-%20Doc%20Ock%20fusion.JPG



China Trade Rebounds in Sign of Economic Recovery
By Associated PressJan. 09, 2013

china-makes-growth-guarantee-against-grim-global-economy.jpg

(BEIJING) — China’s trade growth rebounded strongly in December in a positive sign for the recovery of the world’s second-largest economy.

Export growth more than quadrupled from the previous month to 14.1 percent while imports — which failed to grow at all in November — rose 6 percent in a sign of increasing domestic demand, data showed Thursday.

The trade figures add to evidence China is gradually emerging from its worst economic downturn since the 2008 global crisis. Factory output and other activity improved in the final quarter of 2012, but analysts say a recovery still is shaky and will be too weak to drive a global rebound without a turnaround in the United States and Europe.

The improvement comes as a new generation of Communist Party leaders who were installed at a congress in October are taking power.

Beijing is pinning hopes for recovery on government-driven investment and domestic consumer spending that is rising but not as fast as authorities want.

Private sector analysts, the World Bank and other forecasters expect growth of about 8 percent in 2012 and about 7.5 percent this year. That is far stronger than the West and Japan but would be China’s weakest performance since the 1990s.

The country’s global trade surplus nearly doubled over the same month in 2011, rising 90 percent to $231.1 billion, according to the General Administration of Customs. For the full year, the global trade surplus rose 49 percent to $231.1 billion.

In November, export growth had plunged to 2.9 percent while imports were flat. That was in line with analysts’ warnings that a trade rebound that started in August was unsustainable due to weak European and U.S. demand.

Reliance on trade has declined as domestic consumption growth but export-driven manufacturing still employs millions of workers and any weakness raises the risk of job losses and unrest. The commerce minister, Chen Deming, warned in November that exporters face “relatively grim” conditions in coming months and “many difficulties” in 2013.

Import growth has been depressed by government curbs aimed at cooling a boom in construction and industrial investment that have cooled demand for foreign iron ore, copper and other raw materials.

Communist leaders want to shift the basis of economic growth to domestic consumption and services, a strategy that promises smaller but more sustainable gains. That could hurt commodities suppliers such as Australia, Brazil and some African economies, where Chinese spending has fueled an economic boom.

Read more: China Trade Rebounds in Sign of Economic Recovery | TIME.com
 
.
BEIJING -- Chinese trade rebounded sharply in December, a sign that the world’s second largest economy was broadening its recovery.

Exports grew 14.1% from a year earlier, well above November’s 2.9% year-on-year growth, official data released Thursday showed.

The pickup was led by rising demand from Southeast Asia, the U.S. and Britain.

Meanwhile, imports accelerated 6% from a year earlier after recording no growth in November.

After slowing to its weakest pace of growth in three years, the Chinese economy began showing signs of improvement the final three months of 2012 on rising domestic investment.

December’s positive trade data may signal that conditions overseas could also be improving for China’s export sector, an employer of 200 million workers.

But a recovery is far from certain. Alistair Thornton, a Beijing-based economist for IHS Global Insight, said last month’s strong trade numbers may be skewed by short-term orders.

“With our projection for continued contraction in the Eurozone and continued slowdown in the U.S. economy, we believe China’s export sector will face another uphill battle this year -- an even tougher one than 2012,” Thornton said in a research note Thursday.

For the full year, China’s trade balance grew to $231.2 billion from $154.9 billion in 2011. China’s subdued property market significantly diminished imports of raw materials, helping create the huge surplus in exports.

Chinese exports grew 7.9% in 2012 and imports 4.3%, combining to miss the government’s annual trade target of 10%.

To be sure, the weak global economy in 2012 was not as damaging as during prior crises, Thornton said.

“Put in perspective with the four previous export downturns, 2012 looks to have done quite well,” he said. “Exports grew only 0.5% in 1998 after the Asian financial crisis, 6.8% after the U.S. tech bubble crash in 2001 and plunged over 16% in 2009" amid the global financial crisis.


China's trade rises sharply in December - latimes.com
 
.
When will the West allow to export weapons to China market again ?
 
.
Back
Top Bottom