Chinese Economics Thread

AssassinsMace

Lieutenant General
New GPS features will be a conspirator's dream/nightmare. There have already been cases of celebrities using digital cameras with GPS features to take pictures for like twittering their fans unknowingly revealing publicly the GPS position of their homes. It's a whole new world of survelliance tracking and spying.
 

In4ser

Junior Member
Personally I dont really see much of a market for dedicated GPS devices especially with the advent of GPS on smartphones like the the free Google Navigation App with telenav built in on Android phone like my HTC mytouch slide.
 

Martian

Senior Member
7 Reasons Why a Dedicated Car GPS System is Safer

Personally I dont really see much of a market for dedicated GPS devices especially with the advent of GPS on smartphones like the the free Google Navigation App with telenav built in on Android phone like my HTC mytouch slide.

garminbmw320dcustomgpsn.jpg

Garmin GPS Navigation custom installed into BMW 3 series

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"GPS on Your Smartphone? 7 Reasons Why a Dedicated Car GPS System is Safer

January 21, 2010 by Rated4Stars

The GPS navigation system offers a number of compelling safety benefits to travelers venturing into unfamiliar territory, including keeping us from getting lost, guiding us to the nearest service station, rest area or hospital, and allowing us to report our precise location to emergency responders. Though the presence of another electronic device in the car can be a distraction, those of us who remember wrestling with large, unwieldy paper maps while trying to keep our eyes on the road see the in-vehicle GPS revolution as a net benefit, particularly with the addition of voice-guided, turn-by-turn directions.

Now there’s a new revolution afoot, namely the growing availability and sophistication of GPS features on smartphones, such as the iPhone, Android and Google Nexus One. However, from a safety perspective, there are strong arguments as to why the GPS on your mobile phone is best used while you’re stopped or sitting in the passenger seat and a dedicated in-vehicle GPS unit remains a better choice:

1. Eyes Forward – Read With Your Ears: One of the principal dangers of electronic devices in the car is the fact that they draw your eyes away from the road ahead. Virtually all dedicated in-car GPS navigation systems include spoken turn-by-turn directions (”in one mile, turn left”). The best units also include text-to-speech capability, i.e., they read the street names aloud (”in one mile, turn left on Main Street”). Mobile phone apps don’t always include these features and the speaker volume and sound quality is usually much better on dedicated GPS units, which have larger speakers.
2. Screen Size: Even with spoken directions, there are times when the driver must refer to the GPS unit’s visual map display. While the quality of mobile screen displays continue to improve, their size remains small, significantly smaller than that of a dedicated GPS unit. This makes it more difficult to discern detail and has the potential to keep your eyes off the road longer.
3. Size of Controls: Touchscreens can be tricky to operate even when you’re not driving. Since mobile phones are smaller than dedicated GPS units, the soft buttons you press to control the unit are also smaller, requiring more effort, finesse, and time to operate. Again, this has the potential to keep your eyes off the road.
4. Heads Up: Dedicated GPS units can be mounted to the windshield or dashboard such that they don’t require the driver to move his or her head to read the display; simply moving the eyes can provide a sufficient view. Unless a mobile phone is mounted in a similar fashion, rather than set on the passenger seat, in the cup holder or ash tray as is commonly the case, the driver must not only avert eyes and head to view the display, but also may need to remove a hand from the wheel in order to hold the phone so it can be more easily viewed, another distraction.
5. Power: While dedicated GPS units typically plug into the car’s power, we’re accustomed to the convenience of using our mobile phones without plugging them in. When running on battery power, the mobile phone’s screen saver may activate, requiring you to reactivate it (by touching the screen, for example), another distraction and requirement to remove a hand from the wheel.
6. It’s For You: Sometimes it’s easy to forget that your smartphone is, well, a phone. An ill-timed phone call could interfere with your ability to navigate.
7. Precision: Receiving a GPS signal from space requires an antenna and sensitive GPS chip. A dedicated GPS unit has a larger antenna and typically a very sensitive GPS chipset which ensures you can receive GPS signals even among tall buildings and under a forest canopy. Your mobile phone handset can’t offer the same level of sensitivity and therefore won’t be able to calculate your location as precisely. Why is this a safety concern? Without a good fix on your location, your GPS may route you incorrectly or provide directions too late for you to make a turn safely.

There’s no doubt that smartphone technology will continue to improve and address a number of these safety concerns, but for now there remain strong safety benefits for using a dedicated in-car GPS unit while using your mobile phone as a backup or when riding shotgun. Today’s dedicated GPS systems, such as Garmin’s nuvi series, are portable and lightweight, easily carried in your purse or briefcase. If you must use your mobile phone to navigate, take the following steps to maximize safety:

* Make sure your phone is mounted to your windshield or dashboard in a “heads-up” position
* Plug your phone in to your car’s power supply
* Make sure the speaker volume of your phone is adequate; use your car’s speakers by plugging your car’s speaker jack (if available) into your phone; alternatively, use the phone’s wired or wireless earpiece to ensure that you are able to hear spoken directions well.
* Plan and review your route before you head out and while stopped
* Stay off the phone until you’re stopped or driving in an area where you don’t need immediate GPS assistance"
 

In4ser

Junior Member
I'm sure they are safer, but still I do not forsee the dedicated GPS market to expand much more. I'm not saying they will die out and sure there will be a niche, the military or in remote area operations. However the safety issue doesn't stop me I using my smartphone when I drive and especially since it comes with free voice assisted GPS, and I imagine the same for most mainstream GPS users.
 
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Martian

Senior Member
I'm sure they are safer, but still I do not forsee the dedicated GPS market to expand much more. I'm not saying they will die out and sure there will be a niche, the military or in remote area operations. However the safety issue doesn't stop me I using my smartphone when I drive and especially since it comes with free voice assisted GPS, and I imagine the same for most mainstream GPS users.

You have made a good assessment that dedicated GPS sales have plateaued. The Garmin sales increase of 2% affirms your educated guess.

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"Despite growing competition, Garmin beats earnings forecast
Thursday, August 05, 2010 3:53 AM

(Source: The Kansas City Star (Kansas City, Missouri))trackingBy Randolph Heaster, The Kansas City Star, Mo.

Aug. 05--Garmin Ltd. again exceeded analysts' financial expectations despite growing competition in the navigation devices market.

The Olathe company on Wednesday reported quarterly earnings of $134.8 million, or 67 cents a share, for the three months that ended June 26.

However, Garmin reported pro forma earnings before a currency-exchange impact of 85 cents a share. Analysts on average had forecast 73 cents a share.

Revenues of $728.8 million for the quarter also outpaced expectations. Analysts predicted an average of $676.8 million in quarterly sales.

Revenues were up 9 percent from the same period last year. That included a 2 percent increase in Garmin's biggest division, the automobile/mobile segment. That is the segment under fire as smart phones from Google and Nokia contain free navigation features."
 

Martian

Senior Member
Misconception about Chinese

chinesefamily1.jpg

A typical Chinese family

Author: Kobo-Daishi
Date: 09-12-10 19:23

Dear all,

The following is a September article titled "As China Finds Bigger Place In World Affairs, Its Wealth Breeds Hostility" found at the Washington Post newspaper's web site:

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Most interesting bit from the article:

In Indonesia and other parts of Southeast Asia, ethnic Chinese businessmen have long been viewed with suspicion and are often targeted in times of turmoil. But the travails of their counterparts here in Kyrgyzstan and elsewhere represent a new phenomenon: They did not arrive generations ago when China was on its knees but came in the past decade as China boomed.

XXXXX

At the thread titled "It's Easier To Make Money In Africa Than China?" (found at the following link:
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), Kobo wrote:

It's said that the ethnic Chinese control the economies of Southeast Asia.

It sure would be something if the same could be said one day about the Chinese of Africa. ;-)

XXXXX

Could we not also add Central Asia to the mix? ;-)

It sure would be something if the same could be said one day about the Chinese of Central Asia. ;-)

Chinese are not monolithic. They do not control anything outside of China. Chinese are individuals that work very hard.

The central unit of Chinese society is the family. It is not the government of China. The government is powerful and centralized because of the history of brutality by foreigners that invaded China in the past.

The central conception in the Chinese mind is: What can I do to improve the lives of my family?

Chinese are very different from World War II Germans. Chinese are not interested in controlling anything. They want to go on vacation with their families. Chinese celebrate Ancestor Day/Qingming Festival. They do not celebrate the Deutschland or its equivalent.
 
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Quickie

Colonel
"In Indonesia and other parts of Southeast Asia, ethnic Chinese businessmen have long been viewed with suspicion and are often targeted in times of turmoil. "


This is a ill-intent and ridiculous statement. :mad: To be suspicious of something means something fishy or illegal is going on. This is simply not true. Ask the natives, not-so-natives (historically earlier immigrants) their opinion of this and the stupid reporter will probably get a curious look since they themselves are the customers, sales people and sometimes the owner themselves. The majority of the ethnic Chinese in south east asian countries are born there, and are no different from the ethnic Chinese in western countries in the way they do business and make a living, other than having some differences in their culture.
 

Martian

Senior Member
China Yuan Hits Modern-Era High

yuandollarbushengzhi.jpg

6.75 Yuan-Dollar exchange rate

The Yuan-Dollar exchange rate is fluctuating again. For a long time, the Yuan was fixed at 8.27 to the U.S. dollar. During the last five years, the Yuan appreciated 21% against the dollar and the new exchange was 6.83 Yuan per dollar. The Yuan is now at its strongest of 6.75 per dollar.

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"Weak Link between Currency Values and Trade Flows

Recent evidence suggests that RMB appreciation will not reduce the U.S. trade deficit and undermines the common political argument for compelling China to revalue. Between July 2005 and July 2008, the RMB appreciated by 21 percent against the dollar-from a value of $.1208 to $.1464.4 During that same period (between the full year 2005 and the full year 2008), the U.S. trade deficit with China increased from $202 to $268 billion."

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"UPDATE: China Yuan Hits Modern-Era High After Dollar's Record Low Fixing
SEPTEMBER 13, 2010, 6:02 A.M. ET

SHANGHAI (Dow Jones)--China's yuan hit a modern-era high against the U.S. dollar Monday afternoon and set a modern-era closing high late afternoon, after the People's Bank of China set the yuan's reference rate for daily trading at its strongest level against the dollar since the central bank began publishing the daily fixing in 1994.

Traders said the central bank could be guiding the yuan higher for a new period of yuan appreciation, but further signs of rising inflation and export strength would be needed for the trend to be sustainable.

On the over-the-counter market, the dollar was at CNY6.7618 around 0930 GMT, down from Friday's close of CNY6.7692 and marking its lowest closing level in the modern era. It traded as low as CNY6.7568, its lowest intraday level against the U.S. unit since the 1980s, before the Chinese currency was allowed to be regularly traded as part of China's market-oriented reforms. Monday's intraday high was CNY6.7675.

The PBOC set the dollar-yuan central parity rate at 6.7509, down from the previous record low of 6.7625 set Friday.

Market volume was relatively light as traders and businesses refrained from taking large positions in either the dollar or the yuan, waiting for cues of where the yuan will head next, traders said.

"I don't know if this is a sign that the yuan will continue to appreciate," said a Shanghai-based trader at a local bank. "A low fixing level for one or two days can't give me the answer."

The yuan's appreciation Monday, following sharp gains Friday, comes after U.S. Treasury Secretary Timothy Geithner said in an interview Friday that China hadn't done enough to allow the yuan to rise, and followed meetings in Beijing last week between Chinese leaders and senior White House officials including National Economic Council Director Lawrence Summers. Geithner is due to testify at hearings on the yuan to be held by the U.S. House Ways and Means Committee this week.

"China took the very important step in June of signaling that they're going to let the exchange rate start to reflect market forces. But they've done very, very little, they've let it move very, very little in the interim," Geithner said in the interview.

The rise also came after data Friday showed China's trade surplus narrowed sharply to $20.03 billion in August, but the country's surplus with the U.S. widened to 90% of the total from about two thirds in July, increasing the possibility the U.S. Congress will push for legislation to penalize China for tightly controlling its exchange rate.

Traders said Beijing is likely willing to let the yuan rise to avoid economic overheating and to combat imported inflation, after China's economy rebounded in August and consumer prices rose by a 22-month high. But it is too early to say whether the yuan will continue to rise in the near term, they said.

"We just had three days of lower fixings," said Prakash Sakpal, an economist at ING Groep NV in Singapore. "We need to see consistently lower fixings to say that they have shifted to a strong yuan policy."

Offshore, the one-year dollar-yuan nondeliverable forward contract fell to 6.6430/6.6580 from 6.6732/6.6782 late Friday.

-By Joy C. Shaw, Dow Jones Newswires; (86-21) 6120-1200; [email protected]"
 
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Martian

Senior Member
Chinese Work Ethic Scares Germans

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"AT THE END of the Second World War, writes Chris Mayer for The Daily Reckoning, Germany was an "emerging market".

It was industrializing rapidly and producing brisk economic growth. Whereas today, Germany is a mature "developed market" that grows slowly if it grows at all.

China, on the other hand, is the new Germany today. The industrial dynamism that produced Germany's post-war success is moving to the East...piece by piece.

The Ruhr Valley was the heart of Germany's industrial might. For more than 200 years, the smokestacks in this northwest corner of Germany pounded out the steel and iron that would form the backbone of the nation's industry. And when the war drums rumbled, these factories supplied imperial Germany with its field guns, armored tanks and shells.

Prosperous communities grew up around these old blast furnaces and mills. People took pride in the stuff they could make with their hands. Tens of thousands found work in the factories of the Ruhr. Generations passed with the knowledge that their sons and daughters could make a life here and carry on the legacy of such a place.

For a long time, that was the way it went. But the winds of change patiently grind away at even the most impressive of advantages.

In the early 1990s, the industrious workers of Asia powered the mortar and pestle that would crush the Ruhr's traditional way of life. It was a slow process, but the endgame was not hard to see.

While the South Koreans became the most efficient producers of steel in the world, German workers were agitating for a 35-hour working week. While the Chinese worked all day in their mills and new factories sprouted up like spring peepers all through China, Germany increased taxes and expanded its bloated government programs.

By the turn of the millennium, no one could ignore the stark reality any longer. The mills and factories of the Ruhr started to close – forever. In his terrific book, China Shakes the World, James Kynge tells the story of ThyssenKrupp's steel mill in Dortmund, one of the largest in Germany.

The Germans called it the Phoenix, inspired by its rise from the ashes of bombing raids in World War II. But within a month of ThyssenKrupp closing the mill in 1998, a Chinese company bought it with the idea of disassembling the entire mill and taking it to China, near the mouth of the Yangtze River.

Soon after this Chinese company bought the mill, 1,000 Chinese workers arrived in Germany to begin the process of taking the plant apart and bringing it to China.

The Germans got an up-close lesson in why they could not compete. The Chinese worked seven days a week for 12 hours a day.

The Germans started to complain. So the Chinese, in deference to local law, took one day off. In the end, the Chinese dismantled the mill in less than one year – a full two years ahead of the time ThyssenKrupp initially thought it would take.

When the Chinese departed, they left the makeshift dormitories and kitchens they occupied for a year neat and clean. There was, however, a single pair of black boots left in one of the dormitories. The boots carried the brand name Phoenix, which was the same name of the plant the Chinese just took apart. The boots also carried the label "Made in China".

Kynge writes: "Nobody could tell, however, whether the single pair of forgotten boots was an oversight or an intentional pun."


Over 5,000 miles away, the Chinese rebuilt the steel mill exactly as it was in Germany. "Altogether," says Kynge, "275,000 tons of equipment had been shipped, along with 44 tons of documents that explained the intricacies of the reassembly process."

Doing all of this was still cheaper – by about 60% - than building a new mill. Plus, in China, the demand for steel was such that the mill could start producing steel immediately at full capacity.

As recently as 1975, China's entire output of steel could not match this one mill in Dortmund. Now, the Dortmund plant itself stands in China. And in Germany, you have a dying industrial city, unemployed steelworkers and the scarred earth where the mill once stood. Germany is thinking of turning the site into parkland and perhaps creating a lake and marina.

But as one burly steelworker says in Kynge's book: "Do we look like yachtsmen to you?"

This remarkable vignette captures, on many levels, how the game has changed. Comfortable workers in the factories and mills of America and Western Europe have no idea what they are up against. Even so, the nature of global competition keeps shifting. We tend to think of emerging markets, such as China, as occupying a place down on the food chain of the global economy. We tend to think of these places as sources for cheap labor and natural resources. But more and more, these emerging markets are home to world-class companies in all kinds of industries."
 
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