Chinese Economics Thread

[Jura The idiot]

it's from Sunday at 8:57 AM

now I skimmed through a series of CNBS articles of so called bubble in Chinese stocks ... should I believe it, or it's run-of-the-mill? (you can start with

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and like go backwards from this one) ... just asking ...

and at that time I decided to check on this later, which is right now inside that article, there's
4,528
figure (taken after the alleged burst of a bubble in Chinese stocks); now I see
3684
at the end of the five-days chart available at

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any comments?

 

[broadsword]

I see Shanghai Index stabilizing early next week for a rebound. 3742 is the near term support. It went up to a resistance level and met with profit taking. That kind of correction happens all the time to various stock markets and it is nothing alarming. It is not going crash to 2000 or 2500 level in a precipitous way and there is nothing the stock exchange can do about it. Neither is it going to hurt the economy.

 

[broadsword]

China's Elevator Output Growth at a Slower Pace
Jun 29, 2015

The Chinese elevator market has been characterized by the followings since 2014:

New elevator output sustained growth momentum but at a slower pace. In 2014, China’s elevator output exceeded 700,000 sets, up about 12% from a year ago, compared with a year-on-year growth rate of 18% in 2013. In spite of some impact on elevator market caused by the country’s macro-control on real property, the implementation of new-style urbanization policies, large-scale construction of indemnificatory housing and rapid development of public transportation in medium and large cities in China slowed the decline of elevator sales in commercial housing market to a certain extent.

As domestic elevator companies accelerated their presence in service (repair & maintenance) business, the share of service revenue continued to rise. Competition in domestic elevator industry isnow shifting from technology and sales to network and follow-up services. This can be confirmed by elevator companies’ proportion of service revenue. Shenyang Brilliant Elevator finds the highest share, reaching 20.1% in 2014 compared with merely 9.1% in 2010; Canny Elevator raised the proportion from 3.7% in 2010 to 8.5% in 2014, and had established 32 branch companies by the end of 2014, 22 of which had obtained the qualification for elevator service.

Elevator exports increased continuously. Domestic elevator companies will benefit from the strategy of “One Belt and One Road”, further expanding export scale. China’s export of elevators and escalators amounted to 68,900 sets in 2014, presenting a CAGR of 13.1% during 2007-2014. The figures for the first quarter of 2015 were 16,793 sets, up 12.91% from a year ago.

Since 2014, while consolidating their primary businesses, Chinese elevator companies have been extending to robot/intelligent equipment/industry 4.0 fields.

 

[SamuraiBlue]

it is the world's first and only commercial maglev train line (and still is)

Not true or to be precise not acurate.
Linimo, a commuter type maglev train like one that is being built in Beijing has been in operation in outskirts of Nagoya from 2004.

 

[antiterror13]

Not true or to be precise not acurate.
Linimo, a commuter type maglev train like one that is being built in Beijing has been in operation in outskirts of Nagoya from 2004.

I don't think the one in Japan is Maglev, just different technology
Maglev technology was invented by German, but the German didn't have resources to build it in Germany

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[broadsword]

Brilliant Elevator

I used to see elevator brands only from industrialized countries, never expecting BLT lifts to be found in major buildings in England, Germany, Vietnam and Philippines, Russia, etc. Even the Singapore public housing board ordered 2,120 elevators from them. Another indication China's industrialization is coming into its own.

 

[SamuraiBlue]

I don't think the one in Japan is Maglev, just different technology
Maglev technology was invented by German, but the German didn't have resources to build it in Germany

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There are various type of Maglev or Magnetic Levitated Vehicles with ThyssenKrupp Transrapid system utilizing Electro-Magnetic Suspension System (EMS) being one of them. LINIMO utilizing the HSST system. The difference is magnets pushing up the car or pulling up the car but they are both levitated in mid-air.

 

[PanAsian]

According to this article Germany was first which should not be surprising.

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LINIMO, the Mag Lev Train

Eco-friendly, magnetically levitated train system

Aichi By Chris Glenn, November 2011

The Linimo snaking its way across eastern Nagoya

In 2005 , Aichi Prefecture was host to the World Expo 2005. To cater to the expected masses, and to comply with the EXPO’s theme of ecological co-existance, renewable technology and the wonders of nature, an eco friendly, magnetically levitated train system was constructed between the last station on the Higashiyama Subway line at Fujigaoka, and Yakusa, site of the EXPO’s satellite grounds. The Linear Motor or LINIMO maglev train operators claim it to be the World’s first commercially operated Magnetic levitation train system, however it was predated by the free to use Birmingham Maglev, operating since 1984, Berlin’s M-Bahn, which commenced in 1991 and shut down months later, and the Shanghai Maglev Train, in service since 2004.

Operated by the Aichi Rapid Transit Company, the smooth running Linimo floats eight millimeters above the track while in motion and boasts a top speed of 100 Km/h, although it is intended as an alternative to conventional transportation systems rather a high speed train line. Leaving Fujigaoka Station, the Linimo climbs a maximum six degree gradient and follows the main roadway towards the EXPO site. Along the way, the Linomi track, and road below it cross the old Nagakute battlefield, site of the samurai war between the Tokugawa and Toyotomi forces in 1584, accessible via station L04, Nagakute Kosenjo.

The Linimo line has nine stations along it’s twin railed eight point nine kilometer track. Ticket prices range from 160 to 360 Yen. Each station, like it’s subway system counterparts, are easily identified by an “L” followed by a station number.

L01 Fujigaoka

L02 Hanamizuki-Dori

L03 Irigaike Koen

L04 Nagakute Kosenjo

L05 Geidai Dori

L06 Koen Nishi

L07 Aichikyuhaku Kinen Koen (EXPO Site)

L08 Toji Shiryokan Minami

L09 Yakusa

Construction of the line cost approximately US$575 million, while train itself came in at about US$380 million. During the EXPO, the Linimo saw an average of 31,000 passengers daily, dropping to just 12,000 daily after the event. Linimo continues to service the local community with trains running daily between 5:50am and 12:05am.

Take a ride on the Linimo Maglev train, it's MAG-nificent!

 

[kroko]

Neither is it going to hurt the economy.

There are doubts that the chinese government thinks that way. They seem increasingly determined to avoid a crash, including intervening directly in the stock market.

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[plawolf]

In either case the particular chapter was removed for a reason... regardless of China's influence, it is still somewhat limited in the western dominated world bank, and I can't help but believe that if the particular chapter went through the entire review process properly then they wouldn't have removed it so easily... or if the world bank had its own motivations for removing it.

.... OTOH, if the world bank really is willing to change the contents of its reports on a whim of influence, then it puts no small amount of doubt onto the validity of current and past reports on all global economies, and one can't help but wonder if the larger and more dominant economies of years past may have influenced the world bank (and/or other institutions) regarding reports on their own economies.

The most likely reason that chapter was removed is not because of pressure from Beijing, but Berlin and Brussels, as I imagine they are considering a lot of the measures the World Bank was slamming China on themselves to deal with a possible Grexit and the massive uncertainty and volatility that might create for the Euro.

It has always been one set of rules when American and European governments, banks and economies does something, and an altogether different standard for everyone else, especially China. But one can't push one's luck too far. There is only so much BS any spin doctor can sell.