China's Economic News

Discussion in 'China' started by Martian, Aug 6, 2010.

  1. Martian
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    Shenzhen's $13,600 U.S. dollars per capita GDP in 2009

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    Shenzhen celebrates its 30th anniversary as China's first SEZ

    http://news.asiaone.com/News/Latest%2BNews...804-230418.html

    "Shenzhen's new beginning on 30th anniversary
    Wed, Aug 04, 2010
    China Daily/Asia News Network

    SHENZHEN, CHINA - Shenzhen, China's first special economic zone (SEZ), plans to explore new economic development methods as well as improve its citizens' happiness index in its future, Shenzhen Party Chief Wang Rong said on the eve of preparing for the SEZ's 30th anniversary.

    The economic zone will restructure its economic pattern and take the scientific development path to build itself into an international metropolitan, capable of competing with Hong Kong, Singapore as well as big cities in the US and Europe, Wang told reporters Tuesday at a news briefing.

    He also said making Shenzhen people feel happier is another important goal besides maintaining GDP growth, admitting that compared with some inland cities, Shenzhen has not done as well in offering security for young people working in the city.

    Shenzhen, which was originally a coastal village, took off economically after it was approved to become an SEZ on August 26, 1980. Now the city is among China's most developed regions and boasts a per capita GDP of $13,600 in 2009.

    It is also home to some leading Chinese enterprises such as telecommunication giants Huawei, ZTE, internet company Tencent and electric car maker BYD.

    Wang said he is confident that these companies will remain in Shenzhen despite rumors that some of them will move their headquarters. He believed the city still has great potential as long as its economic pattern is successfully transformed."
     
    Last edited: Aug 6, 2010
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  2. Martian
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    "China will remain a leading manufacturing economy for the next 100 years"

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    Chongqing, China

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    Chongqing at night

    Economist Intelligence Unit: Chinese Manufacturing's Real Strength Will Be Higher End Products The West Loves To Make

    "Economist Intelligence Unit: Chinese Manufacturing's Real Strength Will Be Higher End Products The West Loves To Make
    Vincent Fernando, CFA | Jul. 19, 2010, 5:05 AM

    The Economist Intelligence Unit (EIU, of The Economist magazine) believes China wage inflation fears are overdone relative to manufacturing competitiveness.

    Despite massive wage inflation, China will remain a leading manufacturing economy for the next 100 years due to the economies of scale set up within the nation, the huge domestic market, plus the ability of manufacturers to move up the value chain.

    The key point is that China already has more expensive labor costs than Vietnam; its real bread-and-butter of the future won't be the low-end manufacturing many people like to imagine is the heart of China's competitive advantage.

    China Daily:

    "A lot of people tend to think when you can just head further inland you start hitting upon these bottomless pools of surplus labor enabling you to hold costs down indefinitely. We really don't see that happening," said van Kemenade.

    The analyst added that the manufacturing emerging in the major inland cities such as Chongqing did not tend to be companies seeking ever cheaper labor but often those looking to set up advanced manufacturing facilities aimed at producing goods for the China market.

    "The major investment, much of it foreign, that you have seen in these inland cities has not been the type that typically follows the cheapest sources of labor. It has been fairly high value-added advanced manufacturing," he said.

    They'll move into ever-higher value products, and already are."

    I believe the Economist Intelligence Unit is correct in their assessment. Manufacturing plants that produce notebook computers need to move to inland cities like Chongqing. As I understand it, Shanghai has higher aspirations of becoming the financial center of China.
     
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  3. Martian
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    China is the 3rd largest and fastest-growing export market for U.S. products

    Exports to China surge, no thanks to the yuan - Aug. 3, 2010

    "Exports to China surge...
    by Sheridan Prasso, contributing editor
    August 3, 2010: 10:20 AM ET

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    FORTUNE -- U.S. exports to China remained surprisingly resilient throughout the recession, holding steady last year while dropping nearly 20% to the rest of the world.

    Even better news? U.S. exports to China rose 39% in the first five months of this year, to $38.5 billion, according to a new study [see http://www.uschina.org/public/exports/2000_2009/full_state_report.pdf] from the US-China Business Council (USBC), which tracks exports by state. Those numbers put the value of U.S. exports on track to exceed a record $90 billion this year. U.S. exports to China totaled $69.6 billion in 2009, more or less equal to the 2008 figure of $69.7 billion. They've already risen 330% since 2000, when China joined the World Trade Organization, compared to rising only 29% to the rest of the world.

    California, Washington, Texas, and Louisiana topped the list of exporting states, sending primarily computers and electronic equipment, farm crops, and chemicals to Chinese shores, according to the USBC report. Transportation equipment and waste and scrap materials rounded out the list.

    Ohio, Pennsylvania, Illinois, and Michigan also remained among the top 15 exporting states to China. "Even with a global recession, American businesses and American workers continue to benefit from expanding opportunities to sell high-value manufactured goods to the China market," says USCBC President John Frisbie. "China is the only major trading partner to which U.S. exports are growing fast enough to meet the President's goal of doubling exports in the next five years."

    China is now the third-largest export market for U.S. products and the fastest-growing by far. Export growth to the other top U.S. export markets in the 2000-2009 period -- Canada, Mexico, Japan, and Britain -- has been significantly slower, the USCBC says."
     
    Last edited: Aug 9, 2010
  4. Martian
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    China to Have World's Second-Largest Fiscal Revenue

    At current exchange rates, China's fiscal revenue for this year will total approximately $1.28 trillion U.S. dollars.

    China to Have World's Second Largest Fiscal Revenue- Economic Observer News- China business, politics, law, and social issues

    "China to Have World's Second Largest Fiscal Revenue
    By Xi Si
    Published: 2010-07-02

    News, Page 4, Issue 475, June 28
    Translated by Tang Xiangyang

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    China is expected to collect a government revenue of eight trillion yuan this year, giving it the second largest fiscal revenue in the world. America has the largest.

    While the growth rates of fiscal revenues of developed countries have been around one percent or even negative in the first five months of this year, China's growth rate has been 30.8 percent.

    By June, many provinces had already gained half of their planned annual fiscal revenue, one month ahead of schedule. "China should not have a problem in achieving a revenue growth of 10 percent in the second half of this year," an official with the State Administration of Taxation (SAT) said.

    Ensuring that the increasing fiscal revenue will be used to improve the livelihood of ordinary people is an issue the Chinese government must deal with.

    Eight Trillion Yuan!

    China collected a government revenue of 3.547 trillion yuan in the first five months of this year, 836.2 billion yuan more, a 30.8 percent increase, from that of the same period last year, and 200 billion yuan more than the total amount of the first half of last year. The world has been taken by surprise by the huge amount of fiscal revenue China has managed to gain despite the financial crisis.

    The amount of fiscal revenue China earned in June is not known. But, according to an official with the SAT, based on statistics from the first half of June, June's growth rate will decrease, but will not reach zero.

    Officials with the Ministry of Finance said fiscal revenue would experience a high growth rate in the first half of this year and growth would slow in the second half.

    Based on conservative estimates, China will gain a fiscal revenue of over 4.3 trillion yuan in the first half of this year and its total revenue for the year will exceed eight trillion yuan. Earlier this year, China released its budget which showed its plans to collect 7.4 trillion yuan in fiscal revenue.
    ...
    Cutting the Cake

    The cake is getting bigger and bigger; there has been continual discussion on how to divide up the slices of China's fiscal revenue. Though the government has been putting more into social security, health care and education, people are still not satisfied with the growth rate of these types of investments.

    The first task of the income distribution reform project drafted by the National Development and Reform Commission (NDRC) is to increase the amount of fiscal revenue that is spent on improving China's social security system."
     
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  5. Martian
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    China's ICBC is world's most-profitable bank

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    From left: Bank of China, ICBC, and Citibank towers in Hong Kong

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    China Construction Bank is world's second most-profitable bank

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    World's most-profitable banks for 2009

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    World's-largest bank market-capitalization

    Chinese banks turning into modern global financial giants - The China Post

    "Chinese banks turning into modern global financial giants
    Updated Tuesday, July 20, 2010 1:12 pm TWN, By Grace Ng, The Straits Times/Asia News Network

    BEIJING -- Chinese folklore claims the world's first modern bank — complete with credit issuance and central bank regulation — originated in the early 11th century, amid flourishing cross-border trade during the Yuan dynasty.

    Almost a millennium later, a rising dragon economy wants to show off to the world its modern banking giants, just as it did with other inventions from the printing press to gunpowder — which the Middle Kingdom claims credit for and which the West capitalized on.

    And everyone is watching in awe.

    China has the world's most profitable bank, four of the world's top 10 banks by market value, some of the world's largest bank loan books — and now, one of its newly listed banks may claim the title of the world's largest initial public offering.

    With the debut of Agricultural Bank of China (AgBank), which raised US$19.2 billion, in Hong Kong and Shanghai last week, China's five state-owned listed behemoths are now squarely dominating the global banking domain.

    By their sheer asset size, these lenders have ruled the roost for a few years.

    The combined assets of Industrial and Commercial Bank of China (ICBC), China Construction Bank Corp (CCB), Bank of China (BOC), Bank of Communications and AgBank totaled 43 trillion yuan (US$6.3 trillion) as of the end of March.

    This accounts for half of the domestic banking sector and is roughly the size of China's gross domestic product last year.

    Their meteoric rise has confounded market watchers worldwide.

    In just two decades, they have transformed themselves from debt-ridden basket cases financing wastrel state-owned enterprises, into some of the world's most profitable outfits.

    ICBC, for instance, topped The Banker's annual rankings as the world's most profitable bank, with pre-tax earnings of US$24.5 billion last year, followed by CCB with US$20.3 billion.

    It is an impressive show of earnings power, even if their internal controls and systems may still not be on a par with those of the West.

    “The irony is that 10 years ago, China's banks were among the weakest in the world and today they are among the strongest, however primitive their system,” Pieter Bottelier, an economics professor at Johns Hopkins University and former World Bank official, told Newsweek last year.

    Chinese banks have also become significantly more sophisticated in recent years.

    While retail lending activities still make up the bulk of revenue — up to about 80 percent for the rural-focused banks — they are moving into areas like corporate and investment banking by recruiting aggressively and occasionally poaching whole teams from Western banks.

    ICBC recently recruited banking star Zhang Hongli — former chairman of Deutsche Bank's China operations — as deputy president, to beef up its investment banking operations.

    Meanwhile, BOC's investment bank is making a name for itself in Hong Kong. It was one of eight underwriters for Hong Kong-listed UC Rusal's US$2.55 billion flotation in January.

    And five Chinese banks — both state-owned and state-linked ones — are in the top 10 core investment banking revenue earners in Asia excluding Japan, according to data tracker Dealogic.

    The only area in which these state-owned banks have no foothold or state-boosted advantage is private banking.

    “Which rich person in China is so stupid that he would let a state-owned bank manage his money?” asked one Hong Kong banker who declined to be named.

    “But for investment and corporate banking, some of the bigger players like ICBC may well be keen rivals to Goldman Sachs and JP Morgan for Asian mandates in the next five to 10 years,” he added.

    For foreign investors, Chinese bank stocks may look like a must-have part of their portfolios, to tap China's heady economic growth over the coming years.

    Chinese Academy of Social Sciences research fellow Yi Xianrong said: “Chinese banks are profitable and they are a much safer bet than Western bank stocks

    “At the very least, when you say the Chinese banks are too big to fail, you know it's true — the Chinese government will never let them fail.”

    Yet even with China's top-three listed banks all posting record first-quarter earnings, and AgBank saying before its IPO that it expects a 40 percent jump in first-half net profits compared to last year, to 46 billion yuan, Chinese bank shares have had a rough year in the stock markets.

    Some are hovering near 52-week lows, while their price-to-book ratios have fallen to less than two since April.

    This is lower than other Hong Kong-traded bank shares such as Hang Seng Bank, which are trading at more than three times their book value.

    It is because of this that some analysts have turned bullish on Chinese bank stocks. CCB's attractive valuation has won it “buy” or “overweight” ratings from the majority of analysts recently polled by Starmine, a company that tracks the performance and calls of equity analysts.

    But others are worried about the risks of rising non-performing loans at Chinese banks.

    “The banks lent heavily to the property sector and to fund local government projects in the stimulus measures last year. These areas may face problems this year, and the banks will face significant risks,” said finance professor Mei Jun of Renmin University.

    As the big state-owned banks push on with their ambitions to expand operations abroad, especially in emerging markets from Africa to Latin America, there are also concerns about whether they are overstretched and overly exposed to global financial sector risks.

    “Chinese banks are now shielded because they are focused on the domestic market, where the government can help protect their market share,” said Professor Li Jiming of Zhejiang University City College's business school.

    Their risks will rise as they expand abroad, “but it is the price they must pay — and want to pay for world domination,” said Hong Kong-based analyst Charlie Chu."
     
    Last edited: Aug 10, 2010
  6. Martian
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    Retail Sales of Consumer Goods in China Will Top $2.2 Trillion U.S. dollars in 2010

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    Shopping mall in Dalian, China

    Retail Sales of Consumer Goods in China Will Top $2.2 Trillion in 2010 - AdAgeChina - Fast Facts

    "Retail Sales of Consumer Goods Will Top $2.2 Trillion in 2010
    Cars Are Now a Leading Industry in China

    by Normandy Madden
    Published: June 09, 2010

    BEIJING (AdAgeChina.com) -- Retail sales of consumer goods in China will maintain a 20% growth rate to exceed RMB 15 trillion ($2.2 trillion) in 2010, according to the Chinese Academy of Social Sciences.

    The academy's latest China commercial development report said automobile sales have become a leading industry. In 2009, 13.6 million cars were sold in China and the figure may surpass 15 million units in 2010.

    Online shopping is another bright spot, particularly for sales of home appliances. The value of online shopping accounted for 2% of total consumer goods sales in 2009, up from 1% in 2008. That figure is expected to double again by the end of this year to reach RMB 500 billion ($73.2 billion)

    Source: Asia Pulse"
     
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    Intel USD $2.5 billion Dalian Chip Plant to Start Production in Q4

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    Dalian, China

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    Dalian at night

    Intel Dalian Chip Plant to Start Production in Q4 | TradingMarkets.com

    "Intel Dalian Chip Plant to Start Production in Q4
    Posted on: Thu, 25 Mar 2010 07:25:31 EDT

    DALIAN, Mar 25, 2010 (SinoCast Daily Business Beat via COMTEX) --

    Intel Corporation (Nasdaq: INTC | PowerRating), the world's No. One chipmaker, will put its 300-mm wafer fabrication plant in Dalian into production in the fourth quarter of 2010 as planned, said Dai Yulin, deputy mayor of Dalian, today.

    The project, with a total investment of USD 6 billion, will include a USD 2.5 billion 12-inch chip production line in the first phase and USD 3.5 billion supporting facilities composed of a 12-inch chip production base, four assembling and testing plants, a R&D center, and a sales division in the second phase.

    The first phase of the project is expected to bring in as much as CNY 20 billion sales revenue a year after starting operation at the beginning of 2009, according to Mr. Dai, noting that the Phase II project was scheduled to break earth in mid 2009. The chipmaker has hired more than 4,000 employees for its plant in Dalian since it entered into an agreement with the municipal government in the production base in 2007.

    The Santa Clara, California-based company has a 90-nanometer chip assembling plant in Chengdu, Sichuan Province, western China.

    Source: ÍøÒ× (March 25, 2010)"

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    300mm semiconductor wafer (Image Credit: Intel)

    Intel on Track for 300mm Fab in China | Maximum PC

    "Intel on Track for 300mm Fab in China
    Posted 06/09/09 at 08:28:30 AM by Paul Lilly

    Things are all going to plan, said Intel, who is scheduled to begin operations at its 300mm fab in Dalian, China, in 2010. Manning the fabrication plant will be the first batch of graduates from the Semiconductor Technology Institute.

    According to Intel, manufacturing with 300mm wafers has a dramatic effect on the company's ability to produce semiconductors at a lower cost. In addition, 300mm manufacturing consumes 40 percent less energy and water per chip than a 200mm wafer factory, the company said.

    The site in question was first announced in 2007 as a $2.5 billion project in what would ultimately become the company's first wafer fab in Asia. It was the first time since 1992 with the construction of Fab 10 in Ireland that Intel had built a fab from the ground up."
     
    Last edited: Aug 10, 2010
  8. Martian
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    "China is the largest software market in Asia/Pacific"

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    Xiamen, China

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    "Xiamen Software Park, the Silicon Valley in Haixi Zone"

    China's software industry revenue up 29.1% in H1

    "China's software industry revenue up 29.1% in H1
    (Xinhua)
    Updated: 2010-07-27 10:04

    BEIJING - Revenue in China's software industry rose by 29.1 percent year on year to 604.8 billion yuan ($89.34 billion) in the first half of 2010, the Ministry of Industry and Information Technology (MIIT) said Monday.

    The speed of the growth was 6.4 percentage points higher than the same period last year, said a statement on the MIIT website.

    Further, export volume of software grew by 22.7 percent to $10.33 billion in the first six months, but the speed of the growth was 6.4 percentage points lower than the average level of the industry, the statement said.

    Furthermore, outsourcing services provided by the country's software industry rose by 38.8 percent to $1.23 billion, though the growth speed was 25.7 percentage points lower than the previous year.

    However, experts note that the development of China's software industry remains unbalanced. The eastern regions finished 529.3 billion yuan of software business revenue, about 87.5 percent of the country's total business volume."

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    "Xiamen Software Park is divided into four functional areas: Information Technology Technical Support Area, ACG Area, Software R&D and IC Design Area and Administrative Area."

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    "The entire park caters to 40,000 employees."

    Gartner says China will be World's Fastest Growing Enterprise Software Market Through 2013

    "Gartner says China will be World's Fastest Growing Enterprise Software Market Through 2013

    Manufacturing, Financial Services, Telecommunications and Government Remain Top Spending Sectors

    Hong Kong, SAR China, March 18, 2010 — China’s enterprise software market is forecast to maintain its strong performance, with an estimated compound annual growth rate (CAGR) of 14.6 per cent from 2008 to 2013 – the highest growth rate in the world, according to Gartner, Inc. Despite current global conditions, the software market in China is expected to rebound to an annual growth rate of 14.8 per cent in 2010. Gartner analysts said that the increasing globalization of the Chinese economy is leading to a growing need for modern software with the latest features and improved functionality.
    ...
    According to Gartner's latest forecast[1], in 2010 China will for the first time surpass US$6 billion in [enterprise] software revenue in 2010. China is the largest software market in Asia/Pacific, and the country is forecast to account for 27 per cent share of the region’s revenue in 2010, the equivalent to 2.7 per cent of the total worldwide software market share. By 2013, China’s share of the software market in Asia/Pacific is expected to reach 30 per cent, representing US$9.4 billion in revenue or 3.3 per cent of total worldwide software market revenue. Compared with mature countries in the Asia/Pacific region such as Australia (with 21 per cent share of regional spending in 2010), the software market in China is still relatively young and evolving.

    The top four major vertical industries in terms of software spending are manufacturing, financial services, communications and government. Gartner estimates that in total these industries account for 60 per cent of total [enterprise] software spending in China."
     
    Last edited: Aug 11, 2010
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  9. Osiris
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    Growth in China's exports, imports slows down in July

    BEIJING - China's exports rose 38.1 percent year on year to $145.52 billion in July, but the growth rate was down from a 43.9-percent surge in June, the General Administration of Customs said Tuesday. [Growth in China's exports, imports slows down in JulyChina's trade surplus falls 21.2% in Jan-July Growth in China's exports, imports slows down in JulyJuly trade numbers hit record high]

    China's exports rose 38.1 percent year on year to$145.52 billion in July, but the growth rate was down from the 43.9-percent surge in June, the General Administration of Customs (GAC) said Tuesday.

    Imports increased 22.7 percent from a year earlier to$116.79 billion. The pace of growth, slower than June's 34.1-percent increase, was the smallest since imports resumed growing in November 2009 after having fallen for a year.

    Slower growth in imports of commodities such as steel, copper and plastic products was in line with the softening in fixed assets investment growth, said ANZ Bank analyst Zhang Hao.

    It also indicated China's policies to optimize industrial structure and ease excessive capacity has paid off, Zhang added.

    On a monthly basis, exports in July were up 5.9 percent from June, but July's imports edged down 0.4 percent from the previous month, the administration said.

    China's growth in exports will continue to slow in line with the expected slowdown in economic growth in the United States and the European Union from the third quarter, said Wang Tao, economist with the UBS Securities.

    Wang said growth in exports will continue to outpace that of imports for the rest of the year and she expects the annual trade surplus to hit$185 billion this year.

    The country's foreign trade totaled$262.31 billion last month, up 30.8 percent from a year earlier.

    The trade surplus for the first seven months totaled$83.93 billion, down 21.2 percent over the same period last year.

    July's trade surplus widened to$28.7 billion, the highest level since February last year, sparking speculation that pressure on a stronger yuan will rise.

    "The increase in the trade surplus is likely to add pressure to the exchange rate while the continued stronger-than-expected expansion in exports might help reduce some of the domestic concerns about a possible sharp weakening in external demand," Barclays Capital said in a report to clients.

    "A possible pickup in capital inflows in the coming months in view of the global easing monetary conditions and excess liquidity searching for yield may also add to the appreciation pressure," it said.

    The central parity rate of the yuan weakened to 6.7745 per US dollar Tuesday from Monday's 6.7685, the strongest level since China abandoned a decade-old peg to the US dollar in July 2005. The currency is allowed to float on the inter-bank market within a daily limit of 0.5 percent each way of the central parity rate.

    The People's Bank of China, the central bank, announced on June 19 this year it would further reform the formation mechanism of the yuan exchange rate to improve its flexibility.

    Liu Dongliang, financial analyst with China Merchants Bank, expects the exchange rate of the yuan to strengthen to 6.75 against the greenback by the end of the month.

    According to the GAC, China's trade with the European Union, the country's largest trade partner, climbed 36.6 percent year on year in the January-July period to$263.16 billion.

    Trade with the United States jumped 30.6 percent during the period while that with Japan expanded 34.9 percent in the first seven months compared with a year earlier.

    Brazil overtook Russia to become China's 10th largest trade partner, with bilateral trade surging 54.6 percent to$32.51 billion from January to July.

    [​IMG]

    Growth in China's exports, imports slows down in July
     
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  10. Martian
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    "Grace and Hua Hong NEC to build new 300mm fab"

    "In 2000, Wong and Jiang Mianheng co-founded the US$1.63 billion Grace Semiconductor Manufacturing Corp. joint venture in Shanghai, China." "Winston Wen-Yang Wong is the eldest son of Wang Yung-ching [According to the 2008 Forbes survey,...he was ranked 2nd in the Forbes list of Taiwan's Richest.], chair of the Formosa Plastics Group (FPG), by his second wife. Wong...holds degrees in physics, applied optics, and chemical engineering." "Jiang Mianheng is the son of Jiang Zemin, former People's Republic of China president." (from Wikipedia)

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    China's Grace Semiconductor

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    "With its focus on a few promising technology niches such as embedded flash and power electronics, Grace hopes to avoid the price wars in commodity markets."

    Grace and Hua Hong NEC to build new fab.

    "Grace and Hua Hong NEC to build new fab
    Monday, January 25, 2010

    The long-awaited shakeout has finally hit China's silicon foundry industry.

    SMIC, UMC and others are involved in the shakeout--or consolidation--as there are simply too many foundry vendors in China. The shakeout includes the ''pending merger'' between Shanghai Hua Hong NEC Electronics Co. Ltd. (HHNEC) and Grace Semiconductor Manufacturing Corp. (GSMC), according to iSuppli Corp.

    ''This will significantly reshape China's foundry industry,'' according to the research firm.

    Today, Grace Semiconductor Manufacturing Corp and Shanghai Hua Hong NEC Electronics Co. Ltd. (HHNEC) have begun construction of a 300-mm wafer fab at Zhangjiang Hi-Tech Park, Shanghai, according to local reports.

    The two companies, both of which have a large degree of local government control, have been tipped to merge. Grace is controlled by the Assets Supervision and Administration Commission of Shanghai while HHNEC is a joint venture between state-run Shanghai Hua Hong and Japan's NEC Electronics.

    The two companies are due to spend about 14 billion yuan (about $2 billion), of which the Shanghai municipal government will contribute about 4.5 billion yuan (about $650 million), the reports said.

    By: DocMemory"
     
    Last edited: Aug 11, 2010
  11. Martian
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    China extends helping hands abroad

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    Yuan Longping, "The Father of Hybrid Rice"

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    "Super rice yield 3 times higher than the normal rice"

    China extends helping hands abroad

    "China extends helping hands abroad
    English.news.cn 2010-07-30 08:33:21

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    Huang Dahui (in white shirt), a hybrid rice scientist, is seen with his students at the Booker Washington Institute in Liberia in October 2005. Huang was chief of the Chinese agriculture assistance team to Liberia, teaching locals how to grow hybrid rice. (Photo: China Daily)

    BEIJING, July 30 (Xinhuanet) -- China has provided aid to more than 160 countries in Africa, Asia, Latin America and in the South Pacific since 1950.

    The nearly 2,000 aid projects include agriculture, construction, transport, medical care and education, according to figures from the Ministry of Commerce.

    In addition to the money and materials that have been sent to these countries and regions, China has also provided foreign aid experts, among them a doctor, a rice expert and an engineer. [I omitted the doctor and engineer profiles from this long article.]

    Rice to feed the world

    Huang Dahui's tan and the scars on his hands are the result of years of work in fields all around the world.

    The 45-year-old professor is the chief training officer with the China-aid Hybrid Rice Technology Training Center, based in Changsha, capital of Hunan province.

    Hybrid rice is produced by crossbreeding different varieties of rice and much of the research was originally done in the 1970s by the man known as the "Father of Hybrid Rice" Yuan Longping.

    His work in China helped significantly increase rice output and allowed 20 percent of the world's population to feed itself with just 7 percent of the world's farmland.

    Huang, a former student of Yuan, has helped people in eight countries breed China's hybrid rice since 1996.

    "Our goal is to eliminate hunger on Earth," Huang said in his simple office before giving a lecture to students from Asia, Africa and Latin America.

    "Students don't need to pay anything and get a daily subsidy for meals and lodging. Lessons are offered in English, French and Portuguese," Huang said.

    Teaching is all very well, but fieldwork, literally, is most important, said Huang, who taught hybrid rice seed selection in the United States from 1996 to 1999. Since then he has worked in Sri Lanka, Vietnam, Thailand, Liberia, Uzbekistan and India.

    "Over the past 15 years a quarter of that time has been spent in foreign lands," Huang said.

    More than 120 countries currently grow rice, and about 50 of them have introduced Chinese hybrid rice, Huang said.

    "If rice-growing countries planted 50 percent more hybrid rice, food would not be scarce," he said.

    Converting these countries to his cause is not an easy task, however, and working in mainly tropical countries means he has had to contend with high temperatures, up to 47 C in India.

    Another difficulty is staying healthy. During Huang's stay in Sri Lanka there was dengue fever and he was the only one to stay and complete the training plan.

    Long working hours and irregular meals are another facet of his work.

    "In Indonesia, we had to wake up at around 6 am and have breakfast at 7. The next meal would be at 4 pm. We were often hungry," he said.

    Huang's reward is when his international students pay their respects. He is also grateful that his wife has been supportive. He said his first marriage failed because he was away from home so often.

    'I'm glad that I have been involved in foreign aid. It's a meaningful job with a great sense of achievement and I would do it again given the chance.'"
     
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    China technology to boost Africa's food production

    Daily Nation: - News |China technology to boost Africa's food production

    "China technology to boost Africa's food production
    By VPPS
    Posted Thursday, August 12 2010 at 11:45
    BEIJING, Thursday

    [​IMG]
    Vice President Kalonzo Musyoka. Photo/FILE

    China has agreed to transfer her agricultural technology to Africa to enable the continent boost production and thereby guarantee world food.

    The Beijing declaration for the massive agricultural technology transfer came as the China-Africa Agricultural Forum, in which Vice President Kalonzo Musyoka represented Kenya, drew to a close today.

    The declaration called for a leap in Africa’s agricultural output by transforming its rural agriculture through infusion of Chinese agricultural characteristics.

    This will involve rural farmer education, setting up of modern farming demonstration centres, use of better quality seeds, and new technology in appropriate farming machinery as well as soil improvement techniques.

    Kenya's Vice President said the 21st century belonged to Africa and he was confident that the continent will transform her economies to the extent of helping feed the rest of the world.

    Reading the declaration, the China's deputy Prime Minister Mr Hui Liangyu said global food security should be the Number One priority of world governments, given that acute food shortages were bound to lead to food crisis hence social and political instability.

    “China is the largest developing economy able to feed 20 per cent of the world’s population on proceeds of 9 per cent of the planets arable land. If we partner with Africa with a much higher percentage of arable land yet contains most of the developing countries we should be able to guarantee international food security,” he said.

    He added that whereas China has the technological advantage, Africa was blessed with arable land and a better climate.

    Later, Mr Musyoka met with leaders of major Chinese firms doing business in the African continent. In his meeting with the Chairman of the board of Sino Hydro a major player in the power generation and dam and roads construction, the Vice President said modernisation of Kenya’s infrastructure was a key objective in the realisation of Vision 2030.

    He urged them to seek to be involved in Kenya’s reconstruction efforts.

    Board chairman Huang Baodong said his firm has operations in 24 African countries including Kenya where they are involved on the Thika Road superhighway project among others adding that his firm was driven by the objective of quality service within set timelines.

    Mr Musyoka also held discussions with officials of China roads and bridges co-operations."
     
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    China's eight new measures to enhance co-op with Africa

    [​IMG]
    Chinese Premier Wen Jiabao (R) meets with Ugandan President Yoweri Museveni in Sharm El-Sheikh, Egypt, Nov. 8, 2009. (Xinhua/Li Tao)

    China's measure #3 is the most impressive: "Third, China will help Africa build up financing capacity. China would provide US$10 billion in concessional loans to African countries, and support Chinese financial institutions in setting up a special loan of US$1 billion for small- and medium-sized African businesses. For the heavily indebted countries and least developed countries in Africa having diplomatic relations with China, China would cancel their debts associated with interest-free government loans due to mature by the end of 2009."

    http://www.china-wire.org » Eight new measures to enhance co-op with Africa

    "Eight new measures to enhance co-op with Africa
    November 08th, 2009 | Xinhua

    Chinese Premier Wen Jiabao on Sunday announced eight new measures the Chinese government will take to strengthen China-Africa cooperation in the next three years.

    Eight new measures to enhance co-op with Africa
    Chinese Premier Wen Jiabao speaks at the opening ceremony of the Fourth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) in the Egyptian resort of Sharm el-Sheikh, November 8, 2009. [Xinhua]

    Wen announced the measures while addressing the opening ceremony of the Fourth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) in the Egyptian resort of Sharm el-Sheikh.

    The eight new measures, succeeding the eight measures put forward by Chinese President Hu Jintao at the landmark Beijing Summit of the FOCAC in 2006, are aimed at pushing forward China-Africa cooperation in the next three years.

    “The Chinese people cherish sincere friendship towards the African people, and China’s support to Africa’s development is concrete and real,†said the premier.

    “Whatever change may take place in the world … our policy of supporting Africa’s economic and social development will not change,†Wen said.


    As the first of the eight new measures, China proposes to establish a China-Africa partnership in addressing climate change. China would enhance cooperation on satellite weather monitoring, development and utilization of new energy sources, prevention and control of desertification and urban environmental protection. China has decided to build 100 clean energy projects for Africa covering solar power, bio-gas and small hydro-power.

    Second, China will enhance cooperation with Africa in science and technology. China proposes to launch a China-Africa science and technology partnership, under which China would carry out 100 joint demonstration projects with Africa on scientific and technological research and receive 100 African postdoctoral fellows to conduct scientific research in China.

    Third, China will help Africa build up financing capacity. China would provide US$10 billion in concessional loans to African countries, and support Chinese financial institutions in setting up a special loan of US$1 billion for small- and medium-sized African businesses. For the heavily indebted countries and least developed countries in Africa having diplomatic relations with China, China would cancel their debts associated with interest-free government loans due to mature by the end of 2009.

    Fourth, China will further open up its market to African products. China would phase in zero-tariff treatment to 95 percent of the products from the least developed African countries having diplomatic relations with China, starting with 60 percent of the products within 2010.

    Fifth, China will further enhance cooperation with Africa in agriculture. China would increase the number of its agricultural technology demonstration centers in Africa to 20, send 50 agricultural technology teams to Africa and train 2,000 agricultural technology personnel for Africa, in order to help boost the continent’s food security.

    Sixth, China will deepen cooperation in medical care and health. China would provide medical equipment and anti-malaria materials worth 500 million yuan (US$73.2 million) to the 30 hospitals and 30 malaria prevention and treatment centers built by China and train 3,000 doctors and nurses for Africa.

    Seventh, China will enhance cooperation in human resources development and education. China would build 50 schools and train 1,500 school principals and teachers for African countries. By 2012, China would increase the number of Chinese government scholarships to Africa to 5,500, and would also train 20,000 professionals for Africa over the next three years.

    Eighth, China will expand people-to-people and cultural exchanges. China proposes to launch a China-Africa joint research and exchange program to increase exchanges and cooperation, share development experience, and provide intellectual support for formulating better cooperation policies by the two sides."
     
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    Sudanese-Chinese Friendship Bridge spans over Nile River

    [​IMG]
    Chinese Premier Wen Jiabao (R) meets with Sudanese President Omer al- Bashir in Sharm el-Sheikh, Egypt, on Nov. 7, 2009. (Xinhua/Yao Dawei)

    [​IMG]
    "Sudanese-Chinese Friendship Bridge opened on January 17 2008 in Merowe, where the dam will be built."

    Sudanese-Chinese friendship bridge spans over Nile River

    "Sudanese-Chinese friendship bridge spans over Nile River

    Like many Africans, Sudanese President Omer al-Bashir tends to express his happiness and excitement with dance. Yet as Sudan's president, he is seldom seen dancing in public.

    On Thursday morning, a smiling and relaxed al-Bashir was dancing with a crowd of his fellow countrymen, who were celebrating the completion of the Bridge of the Chinese-Sudanese Friendship in this Nile riverside town of Merowe, about 350 km north of the Sudanese capital Khartoum.

    "This is an important achievement," al-Bashir told the inauguration ceremony of the 440-meter bridge, which is the only one spanning over the world's longest river in the section between Khartoum and the Sudanese-Egyptian border.

    "With China's help, with the endeavor of the Sudanese people, Sudan will certainly score glorious achievements one after another along our path of construction and development," the president added.

    Al-Bashir's statements won loud and lasting applause from tens of thousands of local people, who were gathering from nearby towns and villages at both sides of the Nile River to attend the ceremony.

    Locals took on white or brightly colorful dresses, which they often use at various festivals, to celebrate the occasion, which marks a historic end to the painful inconvenience of no bridge for nearby areas.

    With infectious smiles in the face, some were singing and dancing, some were beating drums, and others were playing traditional musical instruments.

    Chinese Ambassador in Sudan, Li Chengwen, said told the ceremony that the bridge was another symbol of the deepened friendship between China and Sudan.

    "The Chinese government and its people both wish Sudan to continue realizing development and prosperity, and will continue to provide various kinds of assistance to Sudan in this regard," said the ambassador.

    The 20-meter wide bridge links Merowe on the eastern bank of the Nile River to Karima on the other side.

    "The completion of the bridge will greatly facilitate transportation and traffic for local residents on both banks of the Nile River," Merowe mayor Sarah Ali Ahmed said, adding that there was a total population of some 1.5 million in Merowe and nearby towns.

    The bridge will not only make Merowe center of a local road network in northern Sudan, but also enhance economic and tourism developments for Merowe, which is the oldest city in Sudan with a history of some 5,000 thousand years, said the beaming mayor.

    Around Merowe, there are some pyramids and ruins of palaces which could be dated back to 3,000 B.C., but such tourism resources had gone basically untapped for many years because of the limitation of poor transportation, said Ahmed.

    "The Bridge of the Chinese-Sudanese Friendship is really a bridge extending between the peoples of the two countries," Ahmed told Xinhua.

    Friendship between Sudan and China has been deeply rooted thanks to the efforts exerted by their leadership and peoples, he added.

    A teacher at Merowe's high school echoed the mayor's sentiments. "The bridge is a best gift given by the Chinese people to the Sudanese people," he said.

    Construction of the bridge, which started in May of 2004, was also implemented by a Chinese construction contractor called China's Jilin International Economic and Technical Corp.

    Guo Jinwei, the contractor's general manager, told Xinhua that Sudanese and Chinese constructors had not only jointly built this landmark bridge, but also fostered good friendship during the past three years when they overcame many difficulties, including sand storms and extremely hot weather, to complete the project with high quality.

    The bridge was built at a [friendship] cost of 20 million U.S. dollars, half of which was donated by the China National Petroleum Corporation (CNPC), China's biggest oil and gas producer.

    Qin Anjiang, CNPC's representative who participated in the ceremony, said that it was one of the donations made by the CNPC to the Sudanese people since it came to Sudan some ten years ago.

    The CNPC, which has been actively involved in Sudan's energy industry development, had donated more than 45 million U.S. dollars to the Sudanese people in the education, cultural, agricultural, transportation and medical fields, said Qin.

    "The facts have proved that both China and Sudan are winners of the cooperation in the oil field, which has deepened our friendship and consolidated our cooperation in other fields," he concluded.

    Source: Xinhua"
     
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    Sudan hails world's longest dam

    Feature: Sudan hails world's longest dam_English_Xinhua

    "Feature: Sudan hails world's longest dam
    XINHUANEWS 2009-03-04 08:02:34
    by Chen Gongzheng, Shao Jie

    [​IMG]
    "Local people come to attend the celebration as the Merowe Dame began to generate electricity at Merowe, Sudan on Mar. 3, 2009. Merowe Dam, the longest of its kind on the world famous Nile river in Sudan's Northern province, some 450 km north of the capital city Khartoum. With a total span of 9.7 km and a maximum height of 67 meters, the Merowe Dam is a multipurpose project designed for power supply and agricultural irrigation. It has a 1.24-billion-cubic-meter reservoir that could help more than 4 million local residents living along the Nile. The dam was built by a joint venture formed by China Water Resources and Hydropower and China International Water and Electric Corp. (Xinhua/Zhai Xi)"

    MEROWE, Sudan, March 3 (Xinhua) -- Squinting amid the dazzling sunshine on the brink of the Sahara Desert, Asem Khalil Idris tried to get a clear view of President Omar al-Bahir, who was addressing a crowd at the inauguration ceremony for Merowe Dam, the country's largest hydropower project.

    "The power from the dam will create a lot of work opportunities," Asem, 39, a local resident coming from the Wadi Halfa town, said on Wednesday morning.

    "Before today, We had to rely on diesel-fueled generators, which is noisy and very inconvenient," he said, adding that "we will have a more colorful life with less blackouts thanks to the president and the dam's builders, and the fruit trees and vegetable planted in my town will get the badly-needed irrigation."

    As Bashir signed a takeover paper at noon, siren resounded over the huge dam and the vast artificial lake that has moistened the local air over the arid desert, marking the official start of power generation of the project.

    [​IMG]
    "Photo taken on Mar. 3, 2009 shows a scene of the Merowe Dam in Merowe, Sudan, Mar. 3, 2009. (Xinhua/Zhai Xi)"

    The 9.7-km dam is the longest one in the world with a total capacity of 1.25 million kilowatt, twice as much as Sudan's existing power supply.

    Wielding his stick, encircled by entourages, Bashir danced to the rhythm of a 30-minute folk song on a table on a improvised platform. The president's trademark style was applauded by a crowd, who raised a forest of arms and chanted religious slogans.

    "It's an important day and we got it finally," said Rashid in the crowd, who clapped his hands jubilantly in the crowd as the voluble president made statements and danced. "But I have not decided where to go after the dam."

    Rashid, in his forties, a veteran driver, who has worked for CCMD JV, a Chinese joint venture that built the dam, for some five years.

    "I hope it's not my last drive to Merowe," Rashid said with a little blue earlier on our way to the remote dam, some 450-km north of the capital city Khartoum.

    The SUV took a U-turn at an intersection, where scores of people were standing on the roadside of a small town with various banners in their hands.

    "This town is a local tourist attraction," Rashid said, "they are advertising for their town and the banner reads 'great place, good price' in Arabic."

    [​IMG]
    A man holding a portrait of Sudanese President Omar al-Beshir (R2, front) attends a ceremony at Merowe Dam in Merowe, Sudan, Mar. 3, 2009. (Xinhua/Zhai Xi)

    "CCMD (JV) rebuilt the desert road to Merowe for material transportation, and those people want to make more money because it saves a lot of time for the tourists coming from the capital," he said while flooring the accelerator pedal of the vehicle, which rustled through the strong north wind.

    "It's a state-of-the-art project," said Wu Xiguo, chief engineer and deputy manager of the dam. "We won the contract at a much [more] reasonable price and finished it on time."

    "The biggest challenge is the climate of Merowe," said Wu, who has got a good tan at the dam in the past six years. "The average temperature is about 40 degrees and some of my friends got malaria in the mosquito-ridden area."

    "Another problem is the lack of resources," he added, "We came here in July 2003 and found nothing except the river and the infertile Sahara, so we have to import nearly everything, including toothpaste."

    He said that the dam's eight 350-ton super cranes, dubbed "Gate Machine" in their jargon, were all shipped from China.

    "But it pays, it will stand on the river for at least 100 years and some 4 million Sudanese people, or more than one-tenth of the total population, will benefit from the dam's irrigation system and power supply," he said.

    Editor: Xiong Tong"
     
    Last edited: Aug 14, 2010

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