JayBird
Junior Member
Maybe the little girl needs that ring to prove her daddy's ego and wallet is bigger in size than all her 7 years old friends daddies ego and wallets combine. One ring rules them all! Oh my precious.....
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Maybe the little girl needs that ring to prove her daddy's ego and wallet is bigger in size than all her 7 years old friends daddies ego and wallets combine. One ring rules them all! Oh my precious.....
antiterror13
Brigadier
Because they "can" ... as simple as that.
The thing is when you had so much money, it is very very hard to live normally .. you would do strange things, like above
That was really interesting thankls. Ive seen photoes of Chinese cities with trolley buses circa70's, surely they werent subject to the same forces that saw their demise in most Western countries.
OT
There was the story of a NZ farmer who retired and sold his farm at auction for $48million.He was immediately congratulated by friends,bystanders at the auction and newscrew.His response when asked by the news crew
" I going to bbuy myself a big pleasure motor boat and sail off into the sunset with half a dozen beautiful women" drew gaps of shock and tisk tisking from the listerners.
Why could he say that publicaly? Its because he had 48 reasons each worth a million which said he could.
afterthought.
He might not have as much money as the Chinese billionare, but I reckon hes having more fun with it.
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Probably a good move for China's sharemarket?
"U.S.-listed Chinese companies and exchange-traded funds tracking A shares fell after China moved to contain leveraged wagers on its stock market. Stock exchanges cut by half the amount of borrowed money investors can use to buy shares, as authorities seek to prevent a repeat of the excesses that led to a $5 trillion rout earlier this year.
Margin requirements will be raised to 100 percent from 50 percent starting on Nov. 23, the Shanghai and Shenzhen bourses said in separate statements after local exchanges closed on Friday. The rule change means that an investor with 1 million yuan ($156,895) in their account is limited to borrowing another 1 million yuan from a broker to buy more shares. Previously, they could borrow as much as 2 million yuan..............."
"U.S.-listed Chinese companies and exchange-traded funds tracking A shares fell after China moved to contain leveraged wagers on its stock market. Stock exchanges cut by half the amount of borrowed money investors can use to buy shares, as authorities seek to prevent a repeat of the excesses that led to a $5 trillion rout earlier this year.
Margin requirements will be raised to 100 percent from 50 percent starting on Nov. 23, the Shanghai and Shenzhen bourses said in separate statements after local exchanges closed on Friday. The rule change means that an investor with 1 million yuan ($156,895) in their account is limited to borrowing another 1 million yuan from a broker to buy more shares. Previously, they could borrow as much as 2 million yuan..............."
China Getting in on SmallSat Buzz
By | November 12, 2015 | , , , ,
[Via Satellite 11-12-2015] China has entered the realm of small satellite players with the success of its first CubeSat launch this September. The mission, directed by Shufan Wu, senior aerospace engineer at the Shanghai Engineering Center for Microsatellites (SECM), orbited three small satellites capable of flight tracking and ship tracking from space.
Wu spearheaded China’s maiden CubeSat mission through SECM, with hopes of seeing many more in the future. He told Via Satellite that, over the past few years, micro/nano satellites below 50Kg — referred to in China as minosatellites — have become very attractive for commercial applications.
“My ambition here is to explore this minosatellite technology and the applications as well. We are focused on technology experiments and exploring potential applications and the commercial use of minosatellites,” he said.
SECM has existed since 2003, and has built seven satellites total, including the three CubeSats orbited earlier this year. The company also manufactured a 1.7-ton satellite for dark energy detection slated to launch by year’s end. Wu has honed his skills designing small satellites in Europe. After working at the Nanjing University of Aerospace and Astronautics, he lived in Germany and the Netherlands, working for two years at Surrey Satellite Technology Limited (SSTL), and then for the European Space Agency (ESA) for more than a decade. In June 2013 Wu returned to China and joined SECM, where he was tasked with setting up a new department and recruiting a team of young engineers to work on CubeSats and microsatellites.
“In China, CubeSats are just starting,” Wu explained. “This is the first bunch of CubeSats launched in China, but we are targeting toward the world-frontier technology. The mission used a lot of top-level technology and components from Europe thanks to my long time experience and strong links in Europe.”
Wu emphasized working with international partners to accelerate China’s prowess in the field of small satellites. SECM leveraged launch opportunities in China and teamed with European partners on designing the spacecraft. Wu said the propulsion systems came from Sweden, and GomSpacehelped produce the payloads.
“We want to use this small mission to jump into the frontier of the CubeSat community, because if we start building this bridge by ourselves, step by step, then it will take a long time and when you are there, the community has already moved far ahead. So for this project I brought a lot of international partners to try to use available latest technology and techniques,” said Wu.
The first triple-CubeSat mission is testing inter-satellite links and micro-propulsion systems. They are also trialing Automatic Dependent Surveillance-Broadcast (ADS-B) and Automatic Identification System (AIS) payloads for aircraft and boat tracking, respectively. Wu said this first mission is not customer-oriented, and is mainly for technology demonstration, but future missions will look at commercial applications.
“I believe there is a huge business opportunity for the CubeSats in the world and in China as well. Just this year you heard a lot of stories about satellites from Elon Musk to provide Wi-Fi, but Wi-Fi is just one point. In space there are so many sectors you can explore,” said Wu.
SECM’s first CubeSat mission was designated as STU 2. This mission shifted ahead of the intended first mission, STU 1, which was scheduled to launch as part of the QB50 mission. However, QB50 fell behind when its intended launch vehicle, the Brazil-Ukraine Cyclone 4 rocket program stalled. SECM contributed one satellite for QB50, which is pursuing another launch opportunity in 2016. Beyond this, Wu said SECM has other customers lined up with CubeSat projects.
“We have a customer from China to run some open-source software tests on a CubeSat. That’s another CubeSat we plan to do in the next year — a 3U CubeSat — and to demonstrate components from a cellphone, to demonstrate that the [Central Processing Unit] CPU on a cellphone can actually perform more tasks than the current CPU onboard satellites,” said Wu. “Another CubeSat we have in mind is for Asia-Pacific Space Corporation Organization (APSCO). They have a student small satellite program, mainly for education and training. We are expecting to build one CubeSat for this program.”
Wu said there are many opportunities to launch minosatellites in China because of the frequencies of launches. He mentioned rideshares on larger missions along with dedicated small launchers to Low Earth Orbit (LEO) such as the Kuaizhou 1 (also named FT-1), the Long March 11, and the Long March 6. On the ground, SECM is also pioneering a new method using Ultra-High Frequency (UHF) amateur band, and S-band Wi-Fi frequency, which is open to the public in lieu of China’s national network.
“We are trying to explore an approach that we don’t need special permission from the government to operate a satellite. We just use the publically available resources and frequency bands. This is something new in China. I can say that it is the first ever, or one of the earliest, trials for this sector,” he said.
Wu highlighted the potential of SmallSats, or minosatellites, to conduct missions that would not be economically viable with larger spacecraft. SECM intends to seek out ways to commercialize SmallSats for both China and the world. Wu said because satellite manufacturing is SECM’s primary business, fabricating SmallSats will generate revenue first. Beyond this, he said SECM would evaluate providing services.
“We want to use CubeSats to show that, though it is very small, it is not a toy. It can be used for some applications — not all — but at least on some level it can perform what the big satellite doesn’t want to do or cannot do,” he said.
SECM customers include the government, commercial, and the science community. Wu said the company can mass produce minosatellites if there is the demand. He added that SECM plans to explore more types of payloads, and in two years possibly launch its second and third batches of CubeSats. Beyond this, he also mentioned that the low cost of CubeSats means startups are showing interest, potentially driving NewSpace into China.
“The Chinese government is encouraging people to innovate and be entrepreneurs,” said Wu. “Also the government is opening the space sector for private investment. I’m starting to see private space companies are emerging quickly in China, and I would say in the next few years, there will be more; not only state-owned entrepreneurs, but also small private companies for satellites and launchers. They are emerging. I already know a few.”
By | November 12, 2015 | , , , ,
[Via Satellite 11-12-2015] China has entered the realm of small satellite players with the success of its first CubeSat launch this September. The mission, directed by Shufan Wu, senior aerospace engineer at the Shanghai Engineering Center for Microsatellites (SECM), orbited three small satellites capable of flight tracking and ship tracking from space.
Wu spearheaded China’s maiden CubeSat mission through SECM, with hopes of seeing many more in the future. He told Via Satellite that, over the past few years, micro/nano satellites below 50Kg — referred to in China as minosatellites — have become very attractive for commercial applications.
“My ambition here is to explore this minosatellite technology and the applications as well. We are focused on technology experiments and exploring potential applications and the commercial use of minosatellites,” he said.
SECM has existed since 2003, and has built seven satellites total, including the three CubeSats orbited earlier this year. The company also manufactured a 1.7-ton satellite for dark energy detection slated to launch by year’s end. Wu has honed his skills designing small satellites in Europe. After working at the Nanjing University of Aerospace and Astronautics, he lived in Germany and the Netherlands, working for two years at Surrey Satellite Technology Limited (SSTL), and then for the European Space Agency (ESA) for more than a decade. In June 2013 Wu returned to China and joined SECM, where he was tasked with setting up a new department and recruiting a team of young engineers to work on CubeSats and microsatellites.
“In China, CubeSats are just starting,” Wu explained. “This is the first bunch of CubeSats launched in China, but we are targeting toward the world-frontier technology. The mission used a lot of top-level technology and components from Europe thanks to my long time experience and strong links in Europe.”
Wu emphasized working with international partners to accelerate China’s prowess in the field of small satellites. SECM leveraged launch opportunities in China and teamed with European partners on designing the spacecraft. Wu said the propulsion systems came from Sweden, and GomSpacehelped produce the payloads.
“We want to use this small mission to jump into the frontier of the CubeSat community, because if we start building this bridge by ourselves, step by step, then it will take a long time and when you are there, the community has already moved far ahead. So for this project I brought a lot of international partners to try to use available latest technology and techniques,” said Wu.
The first triple-CubeSat mission is testing inter-satellite links and micro-propulsion systems. They are also trialing Automatic Dependent Surveillance-Broadcast (ADS-B) and Automatic Identification System (AIS) payloads for aircraft and boat tracking, respectively. Wu said this first mission is not customer-oriented, and is mainly for technology demonstration, but future missions will look at commercial applications.
“I believe there is a huge business opportunity for the CubeSats in the world and in China as well. Just this year you heard a lot of stories about satellites from Elon Musk to provide Wi-Fi, but Wi-Fi is just one point. In space there are so many sectors you can explore,” said Wu.
SECM’s first CubeSat mission was designated as STU 2. This mission shifted ahead of the intended first mission, STU 1, which was scheduled to launch as part of the QB50 mission. However, QB50 fell behind when its intended launch vehicle, the Brazil-Ukraine Cyclone 4 rocket program stalled. SECM contributed one satellite for QB50, which is pursuing another launch opportunity in 2016. Beyond this, Wu said SECM has other customers lined up with CubeSat projects.
“We have a customer from China to run some open-source software tests on a CubeSat. That’s another CubeSat we plan to do in the next year — a 3U CubeSat — and to demonstrate components from a cellphone, to demonstrate that the [Central Processing Unit] CPU on a cellphone can actually perform more tasks than the current CPU onboard satellites,” said Wu. “Another CubeSat we have in mind is for Asia-Pacific Space Corporation Organization (APSCO). They have a student small satellite program, mainly for education and training. We are expecting to build one CubeSat for this program.”
Wu said there are many opportunities to launch minosatellites in China because of the frequencies of launches. He mentioned rideshares on larger missions along with dedicated small launchers to Low Earth Orbit (LEO) such as the Kuaizhou 1 (also named FT-1), the Long March 11, and the Long March 6. On the ground, SECM is also pioneering a new method using Ultra-High Frequency (UHF) amateur band, and S-band Wi-Fi frequency, which is open to the public in lieu of China’s national network.
“We are trying to explore an approach that we don’t need special permission from the government to operate a satellite. We just use the publically available resources and frequency bands. This is something new in China. I can say that it is the first ever, or one of the earliest, trials for this sector,” he said.
Wu highlighted the potential of SmallSats, or minosatellites, to conduct missions that would not be economically viable with larger spacecraft. SECM intends to seek out ways to commercialize SmallSats for both China and the world. Wu said because satellite manufacturing is SECM’s primary business, fabricating SmallSats will generate revenue first. Beyond this, he said SECM would evaluate providing services.
“We want to use CubeSats to show that, though it is very small, it is not a toy. It can be used for some applications — not all — but at least on some level it can perform what the big satellite doesn’t want to do or cannot do,” he said.
SECM customers include the government, commercial, and the science community. Wu said the company can mass produce minosatellites if there is the demand. He added that SECM plans to explore more types of payloads, and in two years possibly launch its second and third batches of CubeSats. Beyond this, he also mentioned that the low cost of CubeSats means startups are showing interest, potentially driving NewSpace into China.
“The Chinese government is encouraging people to innovate and be entrepreneurs,” said Wu. “Also the government is opening the space sector for private investment. I’m starting to see private space companies are emerging quickly in China, and I would say in the next few years, there will be more; not only state-owned entrepreneurs, but also small private companies for satellites and launchers. They are emerging. I already know a few.”
antiterror13
Brigadier
well, "fun" is very relative and different for people.
I don't recall the story of NZ farmer above, it would be a huge news in NZ world. What time frame was it? and I couldn't find the news anywhere on the net
$48M is a lot of money in NZ, the farm must be a huge one
It was nearly 18months ago on a show like "Country Calender"It may not have made "Prime News " because of the owners and buyers request for privacy.
Dairy Farm prices vary, depending on productivity
$48million would buy you about 1400 hectarces of PRIME dairy land @$25000 a hectare.Where we farm the average size farm is about 270 hectares.and a few of us through hard work now farm 2 to 4 farms as one or several units , depending on the long term goal..
On the other hand Shanghai Pengin paid $200 million for 16 farms totalling 8000 hectares (10 of which made up "Crafar Farms Ltd "and was prepared to pay $77million? for Lochinver Station which is 13000 hectares and milked as one unit.
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More on electric cars
SHENZHEN, China, Nov. 13, 2015 /PRNewswire/ -- The 2015 JD Power Initial Quality "Study (IQS) Auto Study has been released andBYD Auto Co. Ltd. has been placed in top rankings in the Midsize Economy Segment again. BYD Qin, the world's most popular electric vehicle model (out-selling other global brand models for the last 4months............."
"..............J.D. Power serves as the industry benchmark for new-vehicle quality by examining problems experienced by new-vehicle owners within the first two to six months of ownership in two distinct categories: design-related problems and defects and malfunctions. For 2015, the China IQS has been expanded to include more specific diagnostic questions around eight areas: interior; exterior; engine/ transmission; driving experience; features/ controls/ displays; seats; audio/ communication/ entertainment/ navigation; and heating/ ventilation/ air conditioning. The overall initial quality score is determined by problems reported per 100 vehicles (PP100), with a lower number of problems indicating higher quality.
In addition, media and Qin owners have expressed positive feedback on BYD Qin's performance. "The comprehensive performance is beyond my expectations," one Qin owner offered. "If you charge the Qin every day, you can save a lot of money on fuel." Extremely strong power performance and fuel efficiency have wowed most consumers.
BYD Qin has an EV Industry leading warranty of 6 years or 150,000 km greatly enhancing consumer satisfaction. The life-time guaranteed battery has set a benchmark in new energy vehicle industry. Another Qin owner stated, "in the beginning, we worried about the maintenance cost, but now the life-time guarantee for the battery has eliminated my doubts and worries. We really appreciate that."
About BYDBYD Company Ltd. is one of China's largest companies successfully expanding into global markets. Specializing in battery technologies, our green mission is to "solve the whole problem". We are industry pioneers and leaders in several High-tech sectors including High-efficiency Automobiles, Electrified Public Transportation, Environmentally-Friendly Energy Storage, Affordable Solar Power and Information Technology and Original Design Manufacturing (ODM) services.
As the world's largest manufacturer of rechargeable batteries, our mission is to create safer and more environmentally friendly battery technologies which has led to the development of the BYD Iron Phosphate (or "Fe") Battery. This fire-safe, completely recyclable and incredibly long-cycle technology has become the core of our clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities......."
Contacts in China: Sherry Li
[email protected] tel: +86-755-8988-8888-69666
In US: Micheal Austin, BYD
SHENZHEN, China, Nov. 13, 2015 /PRNewswire/ -- The 2015 JD Power Initial Quality "Study (IQS) Auto Study has been released andBYD Auto Co. Ltd. has been placed in top rankings in the Midsize Economy Segment again. BYD Qin, the world's most popular electric vehicle model (out-selling other global brand models for the last 4months............."
"..............J.D. Power serves as the industry benchmark for new-vehicle quality by examining problems experienced by new-vehicle owners within the first two to six months of ownership in two distinct categories: design-related problems and defects and malfunctions. For 2015, the China IQS has been expanded to include more specific diagnostic questions around eight areas: interior; exterior; engine/ transmission; driving experience; features/ controls/ displays; seats; audio/ communication/ entertainment/ navigation; and heating/ ventilation/ air conditioning. The overall initial quality score is determined by problems reported per 100 vehicles (PP100), with a lower number of problems indicating higher quality.
In addition, media and Qin owners have expressed positive feedback on BYD Qin's performance. "The comprehensive performance is beyond my expectations," one Qin owner offered. "If you charge the Qin every day, you can save a lot of money on fuel." Extremely strong power performance and fuel efficiency have wowed most consumers.
BYD Qin has an EV Industry leading warranty of 6 years or 150,000 km greatly enhancing consumer satisfaction. The life-time guaranteed battery has set a benchmark in new energy vehicle industry. Another Qin owner stated, "in the beginning, we worried about the maintenance cost, but now the life-time guarantee for the battery has eliminated my doubts and worries. We really appreciate that."
About BYDBYD Company Ltd. is one of China's largest companies successfully expanding into global markets. Specializing in battery technologies, our green mission is to "solve the whole problem". We are industry pioneers and leaders in several High-tech sectors including High-efficiency Automobiles, Electrified Public Transportation, Environmentally-Friendly Energy Storage, Affordable Solar Power and Information Technology and Original Design Manufacturing (ODM) services.
As the world's largest manufacturer of rechargeable batteries, our mission is to create safer and more environmentally friendly battery technologies which has led to the development of the BYD Iron Phosphate (or "Fe") Battery. This fire-safe, completely recyclable and incredibly long-cycle technology has become the core of our clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities......."
Contacts in China: Sherry Li
[email protected] tel: +86-755-8988-8888-69666
In US: Micheal Austin, BYD