Chinese Economics Thread
- Thread starter Norfolk
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No kidding Chinese have a higher quality of life than Chinese Americans these days.
The kitchen showrooms are stunning man. I've never seen such nice kitchen showrooms anywhere else in the world.
Still Yamaha made the best ever musical instrument in the history of mankind... the Yamaha tuned LFA V10 exhaustYamaha Musical Instruments be like:
This is a small reserve and doesn't count for much
There is likely more in the rest of the basin, just need to keep drilling more wells. Cue the usual 'Oil? Sounds like you need freedom and democracy!' from the usual meme nation.
There are other ways to generate electricity you know.
Chinese tech heavyweight Lenovo Group Ltd is expanding its global manufacturing footprint with a new factory in Ullo, Hungary. The plant focuses on building server infrastructure, storage systems and high-end personal computer workstations used by its customers throughout Europe, the Middle East and Africa.
This is Lenovo's first in-house manufacturing facility in Europe and it represents a significant economic potential for both the private and public sectors in Hungary with increased production capacity, greater potential for collaboration with local vendors and the creation of new jobs, Lenovo said.
According to the Beijing-based company, the plant, which officially opened on Tuesday, already employs over 1,000 full-time workers in a variety of engineering, management and operational roles, with numbers continuing to increase as the facility moves towards full capacity.
Guizhou Touchworks Optoelectronics Co Ltd, a leading Chinese touchscreen maker, is accelerating steps to expand its presence in upstream and downstream sectors of the industrial chain and introduce intelligent manufacturing equipment to enhance production efficiency.
The company mainly produces capacitive touchscreens of 1 inch (2.54 centimeters) to 100 inches. A capacitive screen is a touch-sensitive control display that uses the conductive touch of a human finger or a specialized device for input.
Chen Kabin, chairman of Guizhou Touchworks Optoelectronics, said the company has 12 intelligent production lines covering small, medium-sized and large electronic glass cover plates and touchscreens.
The company has the first large, seventh-generation, fully automatic capacitive touchscreen production line, with 30,000 touchscreen panels of 75 inches and larger manufactured each month.
It has three factories in Guizhou province, including four production lines at its plant in Huaxi district in Guiyang, capital of Guizhou, that began operating in early April. Annual revenue is expected to reach 600 million yuan ($89.3 million).
Total electricity output in the last two months April -4.3% and May -3.3%, two months in a row = recession. Retails sales down a lot two months in a row even with increased petroleum prices, industry production excluding coal is 0.1% up May, contraction in April. The only thing which is up like it used to be long term is debt fueled investment at 6%. All in real economy is in recession and overall stagnation. Q2 is lost. We may see some recovery in June because of government action with reducing taxes on many goods and for businesses.