News on China's scientific and technological development.
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CottageLV
Banned Idiot
Unless you are Russian, I dare say my country is bigger than yours.
In any case, I am not saying the technology is obsolete, there is just no need to keep up with the game at every single step, when you can obtain the end result with very little effort in comparison. What I mean is that it might take China 3-5 years to catch up now, but even if China don't do anything, 20 years later it would still take 3-5 years to catch up, and China has plenty of reserves to last 3-5 years no problem.
Countries are rated big or small through comparing national strength and international influences. As big as Canada may be, it is still considered to be a small country in the big powers club. Seriously, who cares what Canada says or thinks. Even the West edmonton mall has more submarines than the Canadian navy (not exactly, until one of the only four caught on fire).
When I say necessity, I meant life or death. Consider what happens when another smaller scale cold war escalates between China and the US. The West launches another blockade against China. China's stockpile might last a year or two, but what happens afterwards? This is not new, supercomputers were in fact on the embargo list for China. It was not until very recent decades was this taken off the list. I'm sure the West could live with paying a bit more for their under-wears and toothpastes, but China's national infrastructure could fall apart without semiconductors.
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what region are you in? my girlfriend is moving to hobart for school, hopefully the video chatting wont be lagging.
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For a company of this caliber, that's huge.
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Most companies of this size would be throwing parties even for a 10%, maybe even 2% profit increase.
escobar
Brigadier
China's wind power capacity hits 62.7 gigawatts in 2011
File photo taken on Oct. 3, 2011 shows Jishan Wind Power Plant in Duchang County, east China's Jiangxi Province. China installed 18 gigawatts of wind power turbines in 2011, capturing about 40 percent of the global total and pushing up China's total installed wind power capacity to 62.7 gigawatts, the Global Wind Energy Council (GWEC) said in a report on Feb. 7, 2012.
File photo taken on July 6, 2011 shows Laoyemiao Wind Power Plant in Duchang County, east China's Jiangxi Province. China installed 18 gigawatts of wind power turbines in 2011, capturing about 40 percent of the global total and pushing up China's total installed wind power capacity to 62.7 gigawatts, the Global Wind Energy Council (GWEC) said in a report on Feb. 7, 2012.
File photo taken on Nov. 10, 2011 shows Laoyemiao Wind Power Plant in Duchang County, east China's Jiangxi Province. China installed 18 gigawatts of wind power turbines in 2011, capturing about 40 percent of the global total and pushing up China's total installed wind power capacity to 62.7 gigawatts, the Global Wind Energy Council (GWEC) said in a report on Feb. 7, 2012.
File photo taken on Nov. 10, 2011 shows a worker watching a wind power turbine at Laoyemiao Wind Power Plant in Duchang County, east China's Jiangxi Province. China installed 18 gigawatts of wind power turbines in 2011, capturing about 40 percent of the global total and pushing up China's total installed wind power capacity to 62.7 gigawatts, the Global Wind Energy Council (GWEC) said in a report on Feb. 7, 2012.
File photo taken on Oct. 3, 2011 shows Jishan Wind Power Plant in Duchang County, east China's Jiangxi Province. China installed 18 gigawatts of wind power turbines in 2011, capturing about 40 percent of the global total and pushing up China's total installed wind power capacity to 62.7 gigawatts, the Global Wind Energy Council (GWEC) said in a report on Feb. 7, 2012.
File photo taken on July 6, 2011 shows Laoyemiao Wind Power Plant in Duchang County, east China's Jiangxi Province. China installed 18 gigawatts of wind power turbines in 2011, capturing about 40 percent of the global total and pushing up China's total installed wind power capacity to 62.7 gigawatts, the Global Wind Energy Council (GWEC) said in a report on Feb. 7, 2012.
File photo taken on Nov. 10, 2011 shows Laoyemiao Wind Power Plant in Duchang County, east China's Jiangxi Province. China installed 18 gigawatts of wind power turbines in 2011, capturing about 40 percent of the global total and pushing up China's total installed wind power capacity to 62.7 gigawatts, the Global Wind Energy Council (GWEC) said in a report on Feb. 7, 2012.
File photo taken on Nov. 10, 2011 shows a worker watching a wind power turbine at Laoyemiao Wind Power Plant in Duchang County, east China's Jiangxi Province. China installed 18 gigawatts of wind power turbines in 2011, capturing about 40 percent of the global total and pushing up China's total installed wind power capacity to 62.7 gigawatts, the Global Wind Energy Council (GWEC) said in a report on Feb. 7, 2012.
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vesicles
Colonel
You sure it's 54%, not 5.4%?? 54% growth for a company that size is almost impossible. Lenovo is THE biggest computer company in China and one of the major players in laptop market in the world.
Equation
Lieutenant General
From the article it definitely says 54% net profit. The 5.4% could be a rise in stock value percentage. That's a good question.
vesicles
Colonel
A multinational company growing that fast is almost unheard of. I don't know if any of our fellow posters who understand enough economics could do an analysis to see if a huge company that size can even theoretically expand that fast. To me, it sounds impossible even on paper...
Equation
Lieutenant General
I guess we have to wait and see if someone could answer that question.
Well we're "only" talking net profit which rae 54% from the same time last year. Not stocks or anything so yea.
And it's definitely 54% increase not 5.4%...
vesicles
Colonel
it might be a typo in the article then. A 54% increase in net profit for a company that size? That's like more than doubling the size of the company in 2 years. I just did a calculation and found that if Lenovo grows like this, it will be 2.4 times its current size in 2 year...