Dear Readers
I am still on travel and will be out of commission for the next day or so. Will resume posting for a few
hours Monday morning, but then will be on air travel for a substantial portion of the rest of the day.
Stay tuned.
Michele Kearney
Michele Kearney's China Blog - Economics, Research and Technology, Energy, Nuclear, Currency, and Foreign Policy
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Sunday, July 31, 2011
Has the U.S. Debt Crisis Made China the World’s Most Responsible Economic Power? Daniel McDowell
Has the U.S. Debt Crisis Made China the World’s Most Responsible Economic Power?
U.S. Arms Sales to Taiwan: A Delicate Tightrope By Ted Galen Carpenter
U.S. Arms Sales to Taiwan: A Delicate Tightrope
By Ted Galen CarpenterTrouble on the China Express
Trouble on the China Express
The wreck of a high-speed train has enraged the Chinese public and focused attention on the corruption and corner-cutting behind the country's breakneck economic growth.
US opens regional trade gambit in Asia
US opens regional trade gambit in Asia
Secretary of State Hillary Clinton wants the United States back in the driving seat in pursuit of "genuine" free trade in the Asia Pacific region. The uncomfortable fact is that US export-oriented businesses are feeling the pinch as intra-Asian trade booms with China as the center of the wheel. - Sreeram Chaulia
US in 'denial' over China's Pacific plans
US in 'denial' over China's Pacific plans
Reports that China's eyes in the skies over the Pacific are approaching the same strength as the United States' spy satellite capabilities feed into the Pentagon's "access denial" doctrine that China is building an asymmetrical strike force. It is more likely however that China is sticking to its "active defense" strategy and building on "space deterrence". - Craig Guthrie (Jul 27, '11)
Wyoming coal-bed methane company takes services to China
Wyoming coal-bed methane company takes services to China
China an increasingly important economic partner for Abu Dhabi
China an increasingly important economic partner for Abu Dhabi
Chinese help to be sought for fighting energy crisis
Chinese help to be sought for fighting energy crisis
Did China Hack Into IMF?
Did China Hack Into IMF?
Late last week, Bloomberg ran a story announcing ‘China-Based Spies Said To Be Behind Hacking in Investigators' View’: ‘Investigators probing the recent ransacking of International Monetary Fund computers have concluded the attack was carried out by cyber spies connected to China, according to two people close to the investigation.’ The article went on to provide general details about why: ‘Evidence pointing to China includes an analysis of the attack methods, as well as the electronic trail left by hackers as they removed large quantities of documents from the IMF’s computers. The multistaged attack, which used US-based servers as part of their equipment, ended on May 31, people involved in the investigation said on the condition they not be identified because they aren’t authorized to speak about it.’ The report added that the analysis included ‘analysing the code left behind in networks and tracing patterns in multiple attacks that may use the same infrastructure.’ This sounded ... Read More...When North Korea Meets ASEAN
When North Korea Meets ASEAN
The 18th ASEAN Regional Forum (ARF) has just kicked off in Indonesia, with 27 member states planning on attending. The ARF includes the Association of Southeast Asian Nations’ traditional membership alongside regional players, such as Russia, the United States, China, India, Japan, and Pakistan. The ARF will cover a wide array of regional security and defence issues, including the South China Sea maritime dispute and the Thai-Cambodia border conflict. However, one of the key things to watch will be a thorny problem that won’t be talked about in great length during the three days of meetings, and which isn’t usually seen as a primary concern for Southeast Asian states. North Korea, an ARF member, has indicated that it will send a delegation to Bali headed by Foreign Minister Pak Ui-chun. This announcement comes at an interesting time in relations between North and South Korea. Despite intense political pressure to take a harder line against ... Read More...Asia’s Next Fighter Project
Asia’s Next Fighter Project
An international consortium for the development of an advanced fighter aircraft? It sounds familiar – and the precedent isn’t encouraging. The programme to build the F-35 Lightning II Joint Strike Fighter (JSF) involving the United States and eight other countries has become a cautionary tale over the complexity and runaway expense of developing a next-generation fighter aircraft, even with the economies of scale that multinational participants are meant to deliver and the unrivalled military-industrial resources that the JSF partners bring to the table. Undeterred by the JSF’s difficult birth, Indonesia this week made its first concrete step into another joint project, led by South Korea, for the development of a new fighter jet. Defence Ministry Secretary Gen. Rear Marshal Erris Heriyanto confirmed on Monday that the Korean KFX programme – which Jakarta committed itself to in March – was moving forward. A team of 37 Indonesian engineers is set to leave for South ... Read More...China’s $2 Trillion Hole
China’s $2 Trillion Hole
The political drama in Washington over raising the United States’ federal debt ceiling has grabbed the world’s attention. While the main protagonists in the play are the Republicans and Democrats, one spectator anxiously awaiting the outcome of the bitter partisan struggle is undoubtedly China, the largest single holder of US Treasury debt (roughly $1.1 trillion). In a nightmarish scenario of an American debt default, the prices of the Treasury bonds China has accumulated are bound to decline significantly. Even if the US government decides to pay the interest on outstanding bonds before honouring its other obligations, the financial markets will likely demand higher interest rates (especially if the US credit rating is downgraded), thus causing the prices of US bonds to fall. Because about 60 percent of China’s $3.2 trillion in foreign exchange reserves consists of dollar-denominated assets (in addition to $1.1 trillion Treasury bonds, China has bought hundreds of ... Read More...How Shanghai Schools Beat Them All
How Shanghai Schools Beat Them All
It appears that no one takes education quite as seriously as the Shanghainese. Every three years, the Organisation for Economic Co-operation and Development (OECD) administers its worldwide Programme for International Student Assessment (PISA) to measure how well a nation’s education system has been preparing its students for the global knowledge economy. Nations such as South Korea, Finland, and Singapore have traditionally topped the rankings, but, apparently, even they are no match for Shanghai, which shoved the others into lower positions in its very first year of participation in the programme, in 2009. When I was in Paris last week, I decided to drop in on Andreas Schleicher, the programme’s architect, to get his views on PISA and Shanghai’s education system. Dr. Schleicher, who was recently profiled in the Atlantic Monthly, had some very interesting things to say about both. According to Schleicher, Shanghai’s education system is distinctive and superior—and not just globally, but ... Read More...Decoding China's North Korean Policy
| Decoding China's North Korean Policy |  |  |  |
| Written by Sunny Lee | ||
| Friday, 29 July 2011 | ||
| ||
S. Korean firm joins Chinese solar project
S. Korean firm joins Chinese solar project
Seoul (UPI) Jul 28, 2011South Korea's SK Group, country's top oil refiner, has had its SK Innovation Co. sign an agreement with both Chinese and Taiwanese energy firms to cooperate in the development of a solar energy storage system.
Chinese media attack US over debt battle
Chinese media attack US over debt battle
Beijing (AFP) July 29, 2011
Chinese media attacked the United States over its debt wrangling Friday, warning that lawmakers could depress the value of the dollar, fuel global inflation and plunge the world into another recession. The United States must raise the $14.3 trillion debt ceiling by August 2 or risk defaulting on its repayment obligations, a move that would send seismic shocks through the global economy.
Chinese media attacked the United States over its debt wrangling Friday, warning that lawmakers could depress the value of the dollar, fuel global inflation and plunge the world into another recession. The United States must raise the $14.3 trillion debt ceiling by August 2 or risk defaulting on its repayment obligations, a move that would send seismic shocks through the global economy.HSBC to 'announce more than 10,000 job cuts next week'
HSBC to 'announce more than 10,000 job cuts next week'
London (AFP) July 30, 2011Global banking giant HSBC will announce next week plans to axe between 10,000 and 15,000 jobs in the coming year as part of a drastic cost-cutting drive, a report said Saturday. The bank, headquartered in London but with a major focus on Asia, will unveil the job cuts on Monday as it posts its half-year results, Britain's Sky News television reported, without citing its sources.
Chinese banks could survive '50%' property slide
Chinese banks could survive '50%' property slide
Beijing (AFP) July 30, 2011
Chinese banks could withstand a worst case scenario of a 50 percent drop in home prices, according to stress tests conducted by regulators, a state media report said on Saturday.
Beijing (AFP) July 30, 2011
‘Flawed’ currency unions risk social instability By Ellen Kelleher
‘Flawed’ currency unions risk social instability
By Ellen KelleherSaturday, July 30, 2011
Shallow agreement in the South China Sea By Brian McCartan
Shallow agreement in the South China Sea By Brian McCartan
Title_head CLP Holdings to invest CNY 11 billion into Yangjiang nuclear power station
CLP Holdings to invest CNY 11 billion into Yangjiang nuclear power station
China's nuclear power developers seek equity investors amid credit crunch
China's nuclear power developers seek equity investors amid credit crunch
Friday, July 29, 2011
Beijing Confronts Long-Standing Weakness in Anti-Submarine Warfare By Lyle Goldstein
Beijing Confronts Long-Standing Weakness in Anti-Submarine Warfare
By Lyle Goldstein
By Lyle Goldstein
Observers of China’s naval development generally accept that Chinese anti-submarine warfare (ASW) remains an Achilles’ Heel of the otherwise highly methodical and quite remarkable evolution of Chinese maritime power. While Beijing will soon be able to boast about its first aircraft carrier and continues to upgrade an already respectable array of lethal anti-ship cruise missiles (ASCMs), the Chinese fleet nevertheless remains acutely vulnerable to submarine attack. The July 2011 issue of Xiandai Jianchuan [Modern Ships] ran under the cover story of “The ASW Crisis of China’s Aircraft Carrier,” suggesting Chinese naval analysts appreciate this weakness. Moreover, a Chinese Navy captain writing in the same journal demonstrated the PLA Navy’s concern with the U.S. Navy submarine force when he described the deployment of one of America’s newest nuclear attack submarines to the western Pacific as an “event of no small significance” for the regional security situation [1].
Revising the Border: China's Inroads into Tajikistan By Stephen Blank
Revising the Border: China's Inroads into Tajikistan
By Stephen Blank
By Stephen Blank
The foundation of China’s policies toward Russia and Central Asia since 1991 lies in the border treaties it signed with these states over this period. Those treaties demarcated the borders between China and all the post-Soviet successor states: Russia, Kazakhstan, Kyrgyzstan and Tajikistan. These treaties not only eliminated border disputes among these states, but also provided for confidence-building measures and reciprocal, though not bilateral, measures of disarmament along the Russo-Chinese border. Consequently, these treaties laid the foundation for the Russo-Chinese amity since 1991, China’s subsequently flourishing commercial and political relationships with Central Asian states and the original basis for the Shanghai Treaty of 1996, which established the framework for the Shanghai Cooperation Organization.
Growth Imperative Challenges Even Chinese Security Regulations
China Reacts to Admiral Mullen Visit
By Peter Mattis
By Peter Mattis
Beijing heralded US Chairman of the Joint Chiefs of Staff, Admiral Michael Mullen, visit to China as an important step forward, signifying the normalization US-China military relations.The official view out of Beijing is the one expressed by the People’s Liberation Army (PLA) Chief of the General Staff, Chen Bingde: “we have been glad to witness the rejuvenation of bilateral military relations, as they are often hard-won and should be treasured” (Xinhua, July 14).
Growth Imperative Challenges Even Chinese Security Regulations
Last month, Beijing launched an inter-ministerial inspection of Chinese military bases in seven provinces and Beijing Municipality to investigate the security environment around these facilities (Xinhua, June 9). The findings appear to have spurred new security awareness measures that presumably should have been dealt with by Hu Jintao's revision to the law governing the protection of military facilities, casting doubt whether local enforcement of security regulations is possible when civilian economic growth is at stake.
Wenzhou Crash Shows the Dangers of China's Nuclear Power Ambitions By Jianjun Tu and David Livingston
Wenzhou Crash Shows the Dangers of China's Nuclear Power Ambitions
By Jianjun Tu and David Livingston
A high-speed train crash near Wenzhou in the coastal Chinese province of Zhejiang took the lives of at least 39 people on July 23 and has raised equal measures of fear, anger and astonishment across the country. Preliminary reports indicate that a bullet train running from Hangzhou to Fuzhou had been struck by lightning, causing it to break down on the tracks. Shortly afterwards another locomotive heading from Beijing to Fuzhou careened into the stalled train, derailing six cars and pushing four of them entirely off the viaduct (New York Times, July 24; 21st Century Herald, July 27). In addition to the fatalities, at least 210 were injured in what is now the highest-profile setback for China’s ambitious rail program. While Beijing has moved quickly to control the flow of information (albeit not successfully) surrounding the disaster and disclosed the foreign origin of its bullet train technologies, the Chinese public and the broader international community are unlikely to be satisfied by such dismissals (Caijing, July 24). The accident is a “canary in the coal mine”, as it were, for a much larger structural challenge facing China. The breadth of Chinese ambitions to indigenize foreign technologies and scale them for mass deployment has simply outpaced its ability to plan, operate and staff these complex undertakings in a safe and sustainable manner. This is true in the case of high-speed rail, and it threatens to become the overarching storyline for the country’s nuclear energy program. The tragedy on the tracks in Wenzhou delivers lessons that Beijing would be wise to heed, not only for the management of its rail networks but also for the more critical issue of its 2020 nuclear energy goals.
Yasheng Huang On China’s growth
Posted:
From Forbes India There’s news of widespread corporate fraud among companies listed on overseas stock exchanges, even as the macroeconomic picture gets worrisome It is dizzying how fast and how far the sentiments about China have changed. In the wake of the 2008 Great Recession, Western analysts then hailed Chinese response as daring, visionary and [...]http://mitsloanexperts.com/2011/07/29/yasheng-huang-on-chinas-growth/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+MitSloanExperts+%28MIT+Sloan+Experts%29
Joe Conason on the Danger of an American Downgrade
Joe Conason on the Danger of an American Downgrade
"Why China Is Laughing All the Way to the Bank" -- A downgrading of U.S. Treasury securities will mean enormous and completely unnecessary increases in our interest payments to the nation's largest creditor-and our most important competitor in the international arena.
http://www.truthdig.com/
"Why China Is Laughing All the Way to the Bank" -- A downgrading of U.S. Treasury securities will mean enormous and completely unnecessary increases in our interest payments to the nation's largest creditor-and our most important competitor in the international arena.
http://www.truthdig.com/
Venture Capitalists' Confidence Falls in Silicon Valley and China
Venture Capitalists' Confidence Falls in Silicon Valley and China
SE Asian navies seek closer ties amid sea spat
SE Asian navies seek closer ties amid sea spat
Hanoi (AFP) July 27, 2011 - Southeast Asian naval chiefs pledged closer cooperation on Wednesday as they held their first formal talks amid regional concern over China's activities in the South China Sea. Competing claims to the potentially oil-rich Paracel and Spratly island groups have caused rising tensions in recent months, with regional neighbours accusing China of behaving aggressively. Vice Admiral Alexander ... more
Hanoi (AFP) July 27, 2011 - Southeast Asian naval chiefs pledged closer cooperation on Wednesday as they held their first formal talks amid regional concern over China's activities in the South China Sea. Competing claims to the potentially oil-rich Paracel and Spratly island groups have caused rising tensions in recent months, with regional neighbours accusing China of behaving aggressively. Vice Admiral Alexander ... more
Mongolian miner signs coal deal with China firms
Mongolian miner signs coal deal with China firms
Ulan Bator (AFP) July 27, 2011 - Mongolia's state-owned mining firm Erdenes Tavan Tolgoi (ETT) said Wednesday it had agreed to supply coal to a consortium of firms from energy-hungry China for $250 million. ETT owns the eastern part of the huge Tavan Tolgoi coal deposit in southern Mongolia, which as the world's largest has attracted the interest of mining giants from around the globe. The western part of the deposit is ... more
Ulan Bator (AFP) July 27, 2011 - Mongolia's state-owned mining firm Erdenes Tavan Tolgoi (ETT) said Wednesday it had agreed to supply coal to a consortium of firms from energy-hungry China for $250 million. ETT owns the eastern part of the huge Tavan Tolgoi coal deposit in southern Mongolia, which as the world's largest has attracted the interest of mining giants from around the globe. The western part of the deposit is ... more
China's Sinohydro plans IPO
China's Sinohydro plans IPO
Shanghai, China (UPI) Jul 27, 2011 - China's Sinohydro Corp. intends to issue a $2.7 billion initial public offering this year. Analysts are predicting that the IPO would be China's largest this year. Sinohydro intends to sell up to 3.5 billion shares in the IPO, or nearly 35 percent of its expanded share capital, to raise financing for future projects, a draft listing prospectus states. The prospectus was po ... more
Shanghai, China (UPI) Jul 27, 2011 - China's Sinohydro Corp. intends to issue a $2.7 billion initial public offering this year. Analysts are predicting that the IPO would be China's largest this year. Sinohydro intends to sell up to 3.5 billion shares in the IPO, or nearly 35 percent of its expanded share capital, to raise financing for future projects, a draft listing prospectus states. The prospectus was po ... more
China to launch experimental satellite in coming days
China to launch experimental satellite in coming days
Jiuquan (XNA) Jul 29, 2011 - China's Jiuquan Satellite Launch Center on Thursday said it will launch an experimental orbiter in the coming days. The orbiter, SJ-11-02, will be carried into space by China's indigenous Long March II-C rocket, said a press release provided by the center. Currently, the Shijian series satellite and rocket are awaiting the right conditions for launch and all preparations for the laun ... more
Jiuquan (XNA) Jul 29, 2011 - China's Jiuquan Satellite Launch Center on Thursday said it will launch an experimental orbiter in the coming days. The orbiter, SJ-11-02, will be carried into space by China's indigenous Long March II-C rocket, said a press release provided by the center. Currently, the Shijian series satellite and rocket are awaiting the right conditions for launch and all preparations for the laun ... more
Thursday, July 28, 2011
Hillary’s charm offensive in China’s backyard By David Pilling
Hillary’s charm offensive in China’s backyard
Financial Times - Companies Asia-Pacific 7/28
| FT.com - Companies Asia-Pacific |
| Lehman estate loses fight against Australian bondholders |
| http://link.ft.com/r/CTBPCC/ |
| Ford to invest $1bn in Gujarat plant |
| http://link.ft.com/r/CTBPCC/ |
| China's rail disaster |
| http://link.ft.com/r/CTBPCC/ |
| Diageo to settle Asian bribery allegations |
| http://link.ft.com/r/CTBPCC/ |
| Comparative duds unite for Indian sparks |
| http://link.ft.com/r/CTBPCC/ |
| Tech supply chain faces excess inventory |
| http://link.ft.com/r/CTBPCC/ |
| Chinese media defy censors to attack government on crash |
| http://link.ft.com/r/CTBPCC/ |
| Iran nominates military man as oil minister |
| http://link.ft.com/r/CTBPCC/ |
| Sun Art leaps on Hong Kong debut |
| http://link.ft.com/r/CTBPCC/ |
How fast will the Chinese revalue to dump dollars? Ed Harrison
How fast will the Chinese revalue to dump dollars?
Asia's Growth to Moderate on Rising Inflation, Weak Global Demand: ADB
Asia's Growth to Moderate on Rising Inflation, Weak Global Demand: ADB
China defends carrier plans, neighbors fret over buildup
China defends carrier plans, neighbors fret over buildup
Wednesday, July 27, 2011
Note from the Editor
Dear Readers
I will be away on business travel to Los Angeles for the next four days. I will periodically
post from there, but my coverage won't be as extensive. Please bear with me as I will
resume full posting upon my return. I will be posting from airports.
Best Regards
Michele Kearney
I will be away on business travel to Los Angeles for the next four days. I will periodically
post from there, but my coverage won't be as extensive. Please bear with me as I will
resume full posting upon my return. I will be posting from airports.
Best Regards
Michele Kearney
China's Debt-for-Nature Opportunity for Virtually Bankrupt U.S.
China's Debt-for-Nature Opportunity for Virtually Bankrupt U.S.
The U.S. is faltering economically, seeing the chickens come home to roost financially since erasing the budget surpluses of the Clinton Era. It's not just a coincidence that in the 1990s the U.S. "enjoyed" low oil prices and engaged in much less war spending. With the U.S. deficit crisis there needs to be a win-win solution if possible with this nation's huge creditor, China the world powerhouse. The debt-ceiling impasse in Washington cannot actually be solved with smoke and mirrors, contrary to Inside-the-Beltway delusions -- certainly not long-term. So what does China have to say, when it owns nearly $900 billion in U.S. debt?
China’s Zero-Sum Game
China’s Zero-Sum Game
The two decades since the demise of the Soviet Empire have been the most successful in the 90-year history of the Chinese Communist Party (CCP). Its threatening northern neighbour has been replaced by a weaker, semi-reformed Russian Federation. The jettisoning of the core principles of Maoism and communism by the late Deng Xiaoping haven’t only helped the Chinese economy and its people, but have also personally enriched the Party’s elite and their relatives. In addition, China’s wealth has also given them all the advantages that accrue to those who rule a rich and powerful nation. But the CCP remains vulnerable to a host of domestic threats arising from the imbalance between modernization and rising social mobilization and political institutions that are ill-suited to face these challenges. As a result, its continued hold on power – and China’s course of economic growth – is far from certain. There’s little doubt that in ... Read More...Why South Korea is Eyeing Nukes
Why South Korea is Eyeing Nukes
Comments by influential South Koreans that their country should consider requesting the return of US nuclear weapons to their shores—or even acquire its own nuclear weapons—reflects persistent unease about how regional security developments are challenging US extended security guarantees developed during the Cold War. In the case of South Korea, the United States pledged through a bilateral mutual defence treaty to help defend the country from an external attack, presumably from North Korea, with nuclear weapons if necessary. The deployment of sizeable US conventional forces in South Korea was aimed at making these extended security guarantees more credible. The effectiveness of deterrence is difficult to prove, since by definition nothing happens. If a country is deterred from attacking, it is a non-event. Sceptics can plausibly argue that perhaps the presumed aggressor never intended to attack, or at least refrained from the assault for other reasons. Still, the North Korean invasion of the ... Read More...The China Model
The China Model
David Cohen speaks with Peking University's Pan Wei, a political scientist who has written extensively about the 'China Model'. This is the first part of an interview conducted on behalf of partner site the Lowy Interpreter. Will Millard asks: The traditional imperial examination system was vital for identifying able elites in ancient China. What role does education have in helping to combat corruption in modern China? It’s just like in traditional China, to find capable people, and people with good moral principles. Because China has no social cleavages — at least no clear-cut and persistent social cleavages — Chinese society is just like a heap of scattered sand. So the government has to be composed of a few good people, who are advanced, or outstanding, from society. They have to be advanced in three ways: first, ideologically. Organisationally advanced, because all of them have to go through this meritocracy system. Whenever there’s a selection, ... Read More...China calls Vatican excommunication threats 'rude'
China calls Vatican excommunication threats 'rude'
Beijing (AFP) July 25, 2011China said the Vatican's threats to excommunicate two Catholic bishops ordained without papal approval were "extremely unreasonable and rude", state media said Monday. "The threats of excommunication have severely hurt the feelings of Chinese Catholics and made its members feel sad," the State Administration for Religious Affairs was quoted by the official Xinhua news agency saying.
China Cites US Spy Flights As Obstacle To Closer Ties -- Voice of America
China Cites US Spy Flights As Obstacle To Closer Ties -- Voice of America
China says U.S. surveillance flights near its coast have “severely harmed” strategic trust between the countries and are a “major obstacle” to closer military ties.
The Global Times newspaper on Wednesday quoted defense ministry officials as demanding that the United States respect China's sovereignty and security interests. The remarks follow a speech this week in which U.S. military chief of staff Admiral Mike Mullen said America will “not be deterred” from flying in international air space close to China.
Read more ....
China warns US over spy planes -- The Telegraph
China tells US to halt spy plane flights -- Hindustan Times/AFP
China protests against U.S. spy flights near its coast -- Reuters
China warns U.S. to stop monitoring its coastline with spy planes -- AHN
Dangerous US behavior -- China Daily commentary
Taiwan sends fighter planes to intercept Chinese aircraft which strayed into its airspace for first time in 12 years -- Daily Mail
Two Chinese fighters 'pursue' US spy plane -- The Telegraph
Chinese jets chase U.S. surveillance jet over Taiwan Strait -- Washington Times
US to continue spy flights after jets 'pursued' by China over Taiwan -- The Telegraph
US to continue China spy flights despite Su-27 incident -- Flight Global
Senate confirms Locke as ambassador to China
Senate confirms Locke as ambassador to China
By unanimous consent, the Senate confirmed former Commerce Secretary Gary Locke to be the new U.S. ambassador to China.
Major AP1000 component arrives at Sanmen
Major AP1000 component arrives at Sanmen
27 July 2011
The reactor pressure vessel cylinder to be used in the world's first AP1000 has been delivered from South Korea to Sanmen in Zhejiang province, eastern China.
China launches navigation satellite: Xinhua
China launches navigation satellite: Xinhua
China launched its ninth navigation satellite on Wednesday, the official Xinhua news agency reported, citing sources at the launch centre.
China launched its ninth navigation satellite on Wednesday, the official Xinhua news agency reported, citing sources at the launch centre.
Book Review: China's Energy Strategy | Center for a New American ...
| Book Review: China's Energy Strategy | Center for a New American ... I did most of my reading of China's Energy Strategy: The Impact on Beijing's Maritime Policies in airports and on planes to and around Asia earlier this ... www.cnas.org/.../07/book- |
Looking inland for China's energy needs
Looking inland for China's energy needs
Is China, the world's biggest energy consumer, now less interested in grabbing control of disputed oil and gas resources in the South and East China seas, ...
web1.iseas.edu.sg/?p=4514
Is China, the world's biggest energy consumer, now less interested in grabbing control of disputed oil and gas resources in the South and East China seas, ...
web1.iseas.edu.sg/?p=4514
China Tackles Energy-Wasting Buildings: Scientific American
China Tackles Energy-Wasting Buildings: Scientific American
A combination of better and more durable building materials could help slash Chinese energy use.
www.scientificamerican.com/
A combination of better and more durable building materials could help slash Chinese energy use.
www.scientificamerican.com/
Key Asian Pacific Markets Primed for PV Growth
| Key Asian Pacific Markets Primed for PV Growth RenewableEnergyWorld.com By Renewable Energy World Editors The global photovoltaic market has been fueled in large part from the growing manufacturing base in the Asian Pacific region – namely China. Now the region is expecting a major boom in PV demand as well. ... |
Chinese Expansion Critical to American Superconductor and Satcon Technology's ...
| Chinese Expansion Critical to American Superconductor and Satcon Technology's ... MarketWatch (press release) According to Ernst & Young, China is the most attractive location to invest in renewable energy projects. The firm says that the United States slipped to second place last year on the Renewable Energy Country Attractiveness Indices, which grades ... |
China's Sinohydro plans IPO
China's Sinohydro plans IPO
UPI.com
In 2011 China intends to build 20 gigawatts of hydropower projects, nearly 1-10th of the total installed hydro capacity installed as of last December, the National Energy Administration said in January. Last year Sinohydro posted a net income of $451.5 ...
UPI.com
In 2011 China intends to build 20 gigawatts of hydropower projects, nearly 1-10th of the total installed hydro capacity installed as of last December, the National Energy Administration said in January. Last year Sinohydro posted a net income of $451.5 ...
China, and Overdone Green Energy Hysteria
China, and Overdone Green Energy Hysteria
American Enterprise Institute
The latest Clean Energy Report from the Pew Charitable Trust gushes, "Private investment in China's clean energy sector increased by 39 percent in 2010 to a world record $54.4 billion. China also is the world's leading producer of wind turbines and ...
American Enterprise Institute
The latest Clean Energy Report from the Pew Charitable Trust gushes, "Private investment in China's clean energy sector increased by 39 percent in 2010 to a world record $54.4 billion. China also is the world's leading producer of wind turbines and ...
Pure Energy Visions Corp Signs Equity Joint Venture Agreement in China
Pure Energy Visions Corp Signs Equity Joint Venture Agreement in China
MarketWatch (press release)
(Huatai), for the manufacturing, sales and distribution of Pure Energy's patented rechargeable alkaline (RAMcell) batteries to the Chinese domestic retail and OEM markets. Established in 1998, Huatai is one of the leading battery manufacturers in China ...
MarketWatch (press release)
(Huatai), for the manufacturing, sales and distribution of Pure Energy's patented rechargeable alkaline (RAMcell) batteries to the Chinese domestic retail and OEM markets. Established in 1998, Huatai is one of the leading battery manufacturers in China ...
China Integrated Energy Stock Soars (CBEH)
China Integrated Energy Stock Soars (CBEH)
TheStreet.com
By TheStreet Wire 07/27/11 - 11:14 AM EDT NEW YORK (TheStreet) -- Shares of China Integrated Energy (Nasdaq:CBEH) have taken a tremendous swing upward. The stock is trading at $1.05 as of 10:44 am ET, 20.7% above Tuesday's closing price of 87 cents. ...
TheStreet.com
By TheStreet Wire 07/27/11 - 11:14 AM EDT NEW YORK (TheStreet) -- Shares of China Integrated Energy (Nasdaq:CBEH) have taken a tremendous swing upward. The stock is trading at $1.05 as of 10:44 am ET, 20.7% above Tuesday's closing price of 87 cents. ...
China's Regulators Tackle Energy-Guzzling Buildings
China's Regulators Tackle Energy-Guzzling Buildings
New York Times
That is far beyond the country's energy supply ability," said Jin Ruidong, green building project director at the Natural Resources Defense Council. Such growth is not only clouding China's energy future but also threatening Mother Nature. ...
New York Times
That is far beyond the country's energy supply ability," said Jin Ruidong, green building project director at the Natural Resources Defense Council. Such growth is not only clouding China's energy future but also threatening Mother Nature. ...
China hand seen behind vast buy-up of Japanese shares
China hand seen behind vast buy-up of Japanese shares
China's five-year plan requires development of several "strategic", technologically demanding industries. An Australia-based fund that has become a leading shareholder in many top Japanese companies appears to be helping Beijing towards that goal. Why the fund is a top-three stakeholder in Japan's three biggest banks is more mystifying. - Hussain Khan
SINOGRAPH : Reading between the lines of the Vatican rift
SINOGRAPH : Reading between the lines of the Vatican rift
China's Bureau of Religion reacted as stung by the Vatican's threat to excommunicate bishops ordained without the permission of the Holy See, but nevertheless indicated for the first time that China's government has no desire to rule the religious affairs of the Catholic Church. But the real issue for China is who controls the Church as a socio-political entity. - Francesco Sisci (Jul 27, '11)
Dragon, eagle, elephant and a black swan
Dragon, eagle, elephant and a black swan
Hype over China's and India's rise is too easily undermined by hard facts, with innovation keeping the United States in its lead role. The race between the flying dragon, lumbering elephant and swooping eagle is still on for the 21st century, but the "rugged individualism" that defined America's success may - like a lonesome cowboy - soon ride into an Asian sunset. - Dinesh Sharma (Jul 27, '11)
US in 'denial' over China's Pacific plans
US in 'denial' over China's Pacific plans
Reports that China's eyes in the skies over the Pacific are approaching the same strength as the United States' spy satellite capabilities feed into the Pentagon's "access denial" doctrine that China is building an asymmetrical strike force. It is more likely however that China is sticking to its "active defense" strategy and building on "space deterrence". - Craig Guthrie (Jul 27, '11)
Operations Research determines cost effective vaccination strategies for the US and China to save billions and over 70,000 lives
Operations Research determines cost effective vaccination strategies for the US and China to save billions and over 70,000 lives
Chinese health officials were considering a program of catch-up vaccinations for children who had not been vaccinated at birth, but were reluctant to commit funds to a widespread hepatitis B catch-up vaccination program until analysis confirmed its cost-effectiveness.China's GDP update
China's GDP update
According to preliminary statistics, the country's GDP reached 20.45 trillion yuan (3.175 trillion U.S. dollars) in the first six months, up 9.6 percent year-on-year.
China's yuan is currently at 6.44 to one US dollar. It was as high as 6.43 intraday. China's currency has moved up as the US debt crisis has remained unresolved.
China had US$3.175 trillion in the first half of the year.
6% inflation in the second half of the year and 9.2% GDP growth would mean 22.03 trillion yuan in the second half of 2011. This would be a total of 42.5 trillion yuan of GDP for 2011.
If the currency strengthened to 6.1 yuan per USD. Then China's GDP for 2011 would be 6.97 trillion. Including Hong Kong would put China's GDP 7.2 trillion in 2011.
Nissan and China partner Dongfeng to invest $8 bln
Nissan and China partner Dongfeng to invest $8 bln
Beijing (AFP) July 26, 2011 - Nissan and its Chinese partner Dongfeng Motor Co. will invest 50 billion yuan ($8 billion) and launch around 30 models in China over the next five years, the Japanese auto giant said Tuesday. The two firms - through their Dongfeng Motor Co. Ltd. (DFL) tie-up - also plan to nearly double annual sales and launch a zero-emission electric car, in a bid to increase DFL's share in the world's la ... more
Beijing (AFP) July 26, 2011 - Nissan and its Chinese partner Dongfeng Motor Co. will invest 50 billion yuan ($8 billion) and launch around 30 models in China over the next five years, the Japanese auto giant said Tuesday. The two firms - through their Dongfeng Motor Co. Ltd. (DFL) tie-up - also plan to nearly double annual sales and launch a zero-emission electric car, in a bid to increase DFL's share in the world's la ... more
Chinese retail giant surges 41% on debut
Chinese retail giant surges 41% on debut
Hong Kong (AFP) July 27, 2011 - China's top hypermarket operator Sun Art Retail group soared as much as 41 percent on its Hong Kong trading debut Wednesday, after raising $1.06 billion from its initial public offering. Shares in the retail giant - backed by France's Groupe Auchan SA - opened at HK$9.0 ($1.15) and touched HK$10.12 in early trade, well above its HK$7.20 IPO price. The benchmark Hang Seng Index opened 0.31 ... more
Tuesday, July 26, 2011
A Vision of Prosperity in Asia-Pacific
A Vision of Prosperity in Asia-Pacific
Secretary Hillary Clinton
Thank you very much, Mr. Chipman, and thanks to all of you for being here today. I also wish to acknowledge and thank Mr. Ronnie Chan, chairman of the Asia Society, and Mr. Norman Chan, chief executive of the Hong Kong Monetary Authority. And I am so pleased to be here and to have this opportunity to speak with you today, and it was made possible by the U.S., Hong Kong, and Macau chambers of commerce and the Asia Society. And I thank the chamber very much on a personal level for its support of the U.S. Pavilion at the Shanghai Expo. I have been called the mother of the pavilion, which is...
Thank you very much, Mr. Chipman, and thanks to all of you for being here today. I also wish to acknowledge and thank Mr. Ronnie Chan, chairman of the Asia Society, and Mr. Norman Chan, chief executive of the Hong Kong Monetary Authority. And I am so pleased to be here and to have this opportunity to speak with you today, and it was made possible by the U.S., Hong Kong, and Macau chambers of commerce and the Asia Society. And I thank the chamber very much on a personal level for its support of the U.S. Pavilion at the Shanghai Expo. I have been called the mother of the pavilion, which is...
China's European Shopping Spree? -- Mark Blyth, Foreign Affairs
China's European Shopping Spree? -- Mark Blyth, Foreign Affairs
China decides 10 work focuses for energy saving work
China decides 10 work focuses for energy saving work
A123 Systems to Supply Advanced Energy Storage System to Dongfang Electric ...
A123 Systems to Supply Advanced Energy Storage System to Dongfang Electric ...
MarketWatch (press release)
Ultimately, we expect this to help us understand how we can leverage larger-scale energy storage deployments to facilitate the rapid adoption of wind energy across China." This project will be A123's first energy storage system in China, ...
MarketWatch (press release)
Ultimately, we expect this to help us understand how we can leverage larger-scale energy storage deployments to facilitate the rapid adoption of wind energy across China." This project will be A123's first energy storage system in China, ...
China Comes Calling on Broke Europe
China Comes Calling on Broke Europe
Mark Blyth, Foreign Affairs
Last week's EU agreement to refinance Greece's debt seems to have calmed markets concerned with the possible default of Greece and subsequent contagion in the eurozone. But EU refinancing was not the only solution on offer: in June, an entirely different solution was hinted at from an unlikely source.
Last week's EU agreement to refinance Greece's debt seems to have calmed markets concerned with the possible default of Greece and subsequent contagion in the eurozone. But EU refinancing was not the only solution on offer: in June, an entirely different solution was hinted at from an unlikely source.
[Viewpoint] Peeking behind the mask The more Beijing howls about Korea-U.S. ties, the harder we must hold onto them. They are our biggest strength.
[Viewpoint] Peeking behind the mask
The more Beijing howls about Korea-U.S. ties, the harder we must hold onto them. They are our biggest strength.
Was The Chinese Government Behind The Stock Rally?
Guest Post: Was The Chinese Government Behind The Stock Rally?
Train Wreck in China Heightens Unease on Safety Standards - New York Times
Train Wreck in China Heightens Unease on Safety Standards - New York Times
On Sunday morning, President Hu Jintao declared that rescue efforts were a top priority. The government also announced that three senior officials in the Railway Ministry had been fired. The railway minister was said to have taken charge of the rescue operation.
CLP Invests in Guangdong Yangjiang Nuclear Power Station - China
CLP Invests in Guangdong Yangjiang Nuclear Power Station - China
Obama’s China Re-Balancing Act
Obama’s China Re-Balancing Act
Over the past two years, the United States has deepened its strategic engagement in Asia to balance China’s more assertive foreign policy and its military modernization, both of which have rattled the region. This balancing has included developing new strategic partnerships with Vietnam, Indonesia, and India, deepening existing alliances with South Korea, Australia, and Japan, pressuring China in multilateral forums, and taking steps to maintain US force projection capabilities. As a strategy, balancing reassures US allies and partners in Asia, but it also runs a risk –executed poorly, it could make rivalry with China a self-fulfilling prophecy. Balancing against China could empower hardliners in Beijing who argue that they can’t trust the West and discredit those who favour a prudent and cautious foreign policy. Yet failure to balance would tell the hardliners that they can pursue a revisionist foreign policy without resistance from the United States – hardly a recipe for ... Read More...China investing in South Korean power grid
China investing in South Korean power grid
Seoul (UPI) Jul 25, 2011 - LS Group, South Korea's third largest conglomerate, will benefit from Chinese investment in the nation's power infrastructure. A just-released financial report states that China's omnivorous search for foreign power sources will benefit South Korean companies, including the LS Group conglomerate. China has announced that during 2011-15 it intends to invest $310 billion in electri ... more
Seoul (UPI) Jul 25, 2011 - LS Group, South Korea's third largest conglomerate, will benefit from Chinese investment in the nation's power infrastructure. A just-released financial report states that China's omnivorous search for foreign power sources will benefit South Korean companies, including the LS Group conglomerate. China has announced that during 2011-15 it intends to invest $310 billion in electri ... more
China sub makes first dive to below 5,000m: report
China sub makes first dive to below 5,000m: report
Beijing (AFP) July 26, 2011 - A Chinese submersible conducted the country's deepest manned dive ever Tuesday, state media reported, as it seeks to exploit the vast resources of the ocean floor. The Jiaolong undersea craft - named after a mythical sea dragon - reached 5,038 metres (16,529 feet) below sea level in a test dive in "an international area" of the Pacific ocean, the official Xinhua news said, citing the State ... more
Beijing (AFP) July 26, 2011 - A Chinese submersible conducted the country's deepest manned dive ever Tuesday, state media reported, as it seeks to exploit the vast resources of the ocean floor. The Jiaolong undersea craft - named after a mythical sea dragon - reached 5,038 metres (16,529 feet) below sea level in a test dive in "an international area" of the Pacific ocean, the official Xinhua news said, citing the State ... more
Ahmadinejad hails Iran-China ties - Presstv
Ahmadinejad hails Iran-China ties - Presstv
Iranian President Mahmoud Ahmadinejad (L) and Chinese President Hu Jintao (file photo) Iranian President Mahmoud Ahmadinejad has congratulated his Chinese counterpart on the 40th anniversary of establishing political ties between Iran and People's Republic of China.
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