Chinese Economics Thread
- Thread starter Norfolk
- Start date
China and russia agree on the Schedule of the building of a refinery in Tianjin.
What i find funny is a phrase that russian PM says.
In the ria-novosti article, medvedev says: “These technologies are ours, to a great extent. And this is good. It means that they will work and we will work,”
In the xinhua article, medvedev only says: "It means that they will work on it and we will also do this,". Xinhua censored the rest. The phrase doesnt make sense in this way. Only reading the original (ria-novosti) article, can one understand it.
By the way, if this is true, why will china use russian oil refinery tech? because the russians demanded it?
What i find funny is a phrase that russian PM says.
In the ria-novosti article, medvedev says: “These technologies are ours, to a great extent. And this is good. It means that they will work and we will work,”
In the xinhua article, medvedev only says: "It means that they will work on it and we will also do this,". Xinhua censored the rest. The phrase doesnt make sense in this way. Only reading the original (ria-novosti) article, can one understand it.
By the way, if this is true, why will china use russian oil refinery tech? because the russians demanded it?
Equation
Lieutenant General
That guy is lucky that his head didn't hit the tree after the truck struck him, otherwise he could've been paralyzed.
broadsword
Brigadier
It's a joint venture, with CNPC holding a 49 percent stake while Rosneft holds the remaining 51 percent. That's all she wrote. Russia will be the sole supplier of crude oil.
The caption is too too precious...
TerraN_EmpirE
Tyrant King
Before the rousing celebratory dance to the death of apple.
wsj.com
AssassinsMace
Lieutenant General
Chinese carmakers narrow quality gap with global brands
By Samuel Shen and Norihiko Shirouzu
SHANGHAI (Reuters) - China's state-owned GAC Motor scored above average in a closely watched quality survey, as home-grown brands narrowed the gap with the foreign marques that dominate the world's biggest car market.
GAC Motor, which sells cars under its own brand Trumpchi, had 97 problems per 100 newly sold vehicles in a survey published on Thursday by market-research firm JD Power & Associates.
That was better than the average 119 problems and beat global names such as General Motors Co's (GM) Buick and Chevrolet, Ford (NYS:F), Nissan <7201.T> and Honda <7276.T>.
A lower score indicates higher quality, with a score over 100 showing multiple problems per vehicle.
Three other Chinese brands -- Venucia, Roewe and Luxgen, also performed better than the industry average, compared with none last year when JD Power started ranking domestic brands in the survey.
Venucia is a brand developed by a Chinese venture of Japan's Nissan Motor Co for the local market, while Roewe is a brand SAIC Motor Corp <600104.SS> started with technologies the state-owned Chinese carmaker purchased from Britain's Rover.
"Chinese domestic brands achieve tremendous improvement in vehicle quality in 2013," Mei Songlin, J.D Power's China vice president said in a statement.
Chinese automakers including SAIC Motor Corp, GAC Motor and FAW Car Co Ltd <000800.SZ> have stepped up efforts to develop their own brands using technologies and skills they have learned or bought from foreign companies, which can only operate in China through joint ventures.
But despite these efforts, foreign brands still grabbed the top spots in the survey - Toyota's <7203.T> Lexus and Daimler's (DAI.DE) Mercedes-Benz (DAI.DE) tied for the highest quality, with 52 problems per 100 cars, followed by Subaru, made by Fuji Heavy Industries Ltd <7270.T>, Volkswagen (VOW3.DE) and BMW (BMW.DE).
The survey, which was initiated 14 years ago, monitors how cars perform in the first two to six months of ownership by asking randomly selected buyers.
It measures the number of problems, such as design-related issues, defects and malfunctions that buyers identify, per 100 vehicles.
(Editing by Erica Billingham)
AssassinsMace
Lieutenant General
I love the contradiction in the reporting. It says China has a pattern of getting up and leaving with no explanation except for when opportunities run dry yet points to people getting sour with the Chinese. Maybe they leave because of the negative Chinese environment as the article points out. Isn't that what they want? Oh but the Chinese are suppose to hang around even though they note the people don't like the Chinese. Damned if you do. Damned if you don't. That's what's called spin. The fact is this is more propaganda. I'm sure there's a negative environment against the Chinese in Brazil... because of propaganda domestic and especially foreign. President Dilma Rousseff listened to the West on criticizing China. Their economy started slowing after that. China's economy is still humming along. Someone must've told Rousseff Brazil had leverage on China. You can tell Rousseff's favor over the Snowden scandal. She wanted Brazil's internet to connect directly with Europe and not by the way of the US? Like the Europeans aren't spying on Brazil?
Jilin and Heilongjiang Province now have more direct access to sea via Port of Rason, Korea
Russia, China go head-to-head with development of North Korean port
September 24, 2013
By DAISUKE NISHIMURA/ Correspondent
RASON, North Korea--Competition between Russia and China is heating up as the two countries independently work to develop neighboring sections of a North Korean port.
A joint venture between Russia and North Korea celebrated the completion of repair work to a 54-kilometer railway line linking the Russian coastal district of Khasan with Rajin port in North Korea’s northeastern special economic zone of Rason on Sept. 22.
The joint venture has acquired the rights to use the rail line and the No. 3 wharf of Rajin port, one of its three quays, for 49 years from the North Korean government.
According to sources, 2.2 billion rubles (6.6 billion yen, or $66 million) have been invested to develop the 147,000-square-meter area in and around the No. 3 wharf.
Work on the site started last October, the sources said. The quay has been repaved with concrete, and fuel tanks as well as rails for traveling cranes to carry coal have been installed. The depth of water near the wharf has also been deepened from the previous 9 meters to 12 meters, so that large ships can access it.
Scheduled to be completed by the end of the year, the No. 3 quay will be able to handle 4 million tons of cargo a year.
Moscow regards the development of Rajin port and the Russia-North Korea rail line, which directly leads to the Trans-Siberian Railway, as vital to its efforts to establish a commercial artery between Asia and Europe.
Meanwhile, only a few hundred meters from the site of Russia’s development work, a Chinese company based in Jilin province is exploiting the port’s No. 1 wharf, having acquired use rights for 10 years. The Chinese firm has already finished installing warehouses and other facilities to unload coal from vessels.
A 50-km road linking the province’s city of Hunchun with Rajin port has already been constructed by the Chinese government, which started transporting coal via the port to southern China two years ago, according to sources. Beijing has also told Pyongyang that it hopes to construct additional wharfs at Rajin port, sources added.
If China was not allowed to use the North Korean port, it would have to deliver items by land from the northeastern provinces of Jilin and Heilongjiang to Dalian port, nearly 1,000 km south of the provinces. Therefore, China’s government is currently working to make North Korea’s ports, including Rajin, bases for exporting and importing goods under the slogan of “leasing ports, going out to sea.”
As Beijing and Pyongyang enhance their bilateral ties, Moscow is apparently seeking to reestablish diplomatic ties and regain its influence in North Korea, which has weakened since the collapse of the Soviet Union, by developing Rajin port jointly with the reclusive state.
Analysts have also pointed out the possibility that China may exploit the North Korean port as a military base in the future.
Russia, China go head-to-head with development of North Korean port
September 24, 2013
By DAISUKE NISHIMURA/ Correspondent
RASON, North Korea--Competition between Russia and China is heating up as the two countries independently work to develop neighboring sections of a North Korean port.
A joint venture between Russia and North Korea celebrated the completion of repair work to a 54-kilometer railway line linking the Russian coastal district of Khasan with Rajin port in North Korea’s northeastern special economic zone of Rason on Sept. 22.
The joint venture has acquired the rights to use the rail line and the No. 3 wharf of Rajin port, one of its three quays, for 49 years from the North Korean government.
According to sources, 2.2 billion rubles (6.6 billion yen, or $66 million) have been invested to develop the 147,000-square-meter area in and around the No. 3 wharf.
Work on the site started last October, the sources said. The quay has been repaved with concrete, and fuel tanks as well as rails for traveling cranes to carry coal have been installed. The depth of water near the wharf has also been deepened from the previous 9 meters to 12 meters, so that large ships can access it.
Scheduled to be completed by the end of the year, the No. 3 quay will be able to handle 4 million tons of cargo a year.
Moscow regards the development of Rajin port and the Russia-North Korea rail line, which directly leads to the Trans-Siberian Railway, as vital to its efforts to establish a commercial artery between Asia and Europe.
Meanwhile, only a few hundred meters from the site of Russia’s development work, a Chinese company based in Jilin province is exploiting the port’s No. 1 wharf, having acquired use rights for 10 years. The Chinese firm has already finished installing warehouses and other facilities to unload coal from vessels.
A 50-km road linking the province’s city of Hunchun with Rajin port has already been constructed by the Chinese government, which started transporting coal via the port to southern China two years ago, according to sources. Beijing has also told Pyongyang that it hopes to construct additional wharfs at Rajin port, sources added.
If China was not allowed to use the North Korean port, it would have to deliver items by land from the northeastern provinces of Jilin and Heilongjiang to Dalian port, nearly 1,000 km south of the provinces. Therefore, China’s government is currently working to make North Korea’s ports, including Rajin, bases for exporting and importing goods under the slogan of “leasing ports, going out to sea.”
As Beijing and Pyongyang enhance their bilateral ties, Moscow is apparently seeking to reestablish diplomatic ties and regain its influence in North Korea, which has weakened since the collapse of the Soviet Union, by developing Rajin port jointly with the reclusive state.
Analysts have also pointed out the possibility that China may exploit the North Korean port as a military base in the future.
Progress in starting Rail Cargo Service to Europe
Flat rate for China to Europe container traffic
07 Nov 2013
On November 7 a timetable for the establishment of jointly-owned intermodal freight operator United Transport & Logistics Co was agreed in Astana by President of Russian Railways Vladimir Yakunin, First Deputy Head of Belarusian Railways Vladimir Mikhailyuk and President of Kazakh national railway KTZ Askar Mamin.
UTLC is expected to begin operations in the first quarter of 2014. Its business plan expects traffic to exceed 4 million TEU in 2020.
In response to China's Chongqing province's expressing interest in the immediate use of rail transport to link China with Europe via Kazakhstan, Russia and Belarus, the railways agreed in principle to offer a single flat rate per kilometre for transit container traffic
Flat rate for China to Europe container traffic
07 Nov 2013
On November 7 a timetable for the establishment of jointly-owned intermodal freight operator United Transport & Logistics Co was agreed in Astana by President of Russian Railways Vladimir Yakunin, First Deputy Head of Belarusian Railways Vladimir Mikhailyuk and President of Kazakh national railway KTZ Askar Mamin.
UTLC is expected to begin operations in the first quarter of 2014. Its business plan expects traffic to exceed 4 million TEU in 2020.
In response to China's Chongqing province's expressing interest in the immediate use of rail transport to link China with Europe via Kazakhstan, Russia and Belarus, the railways agreed in principle to offer a single flat rate per kilometre for transit container traffic