China Economy Forum

[grandmaster]

feel free to dispute their content , which you guys never do- just that it is not state run propaganda media. Just because you guys hate them - does not change the veracity of the articles posted. and I post articles from all media not just epoch...

I posted that foxconn was having yet another riot ( true) but you hated that it was from epoch. I posted that steel mills are having trouble selling ( true) but you hated it because it was from epoch. I posted first about your scandal with BO (true) but you hated that it was from epoch. I posted way back that an real estate buble was coming(true) but you hated it was from epoch. Challenge the assertion not which site posted it.

go back to your indian forum to see what we posted there!

 

[djsjs]

feel free to dispute their content , which you guys never do- just that it is not state run propaganda media. Just because you guys hate them - does not change the veracity of the articles posted. and I post articles from all media not just epoch...

I posted that foxconn was having yet another riot ( true) but you hated that it was from epoch. I posted that steel mills are having trouble selling ( true) but you hated it because it was from epoch. I posted first about your scandal with BO (true) but you hated that it was from epoch. I posted way back that an real estate buble was coming(true) but you hated it was from epoch. Challenge the assertion not which site posted it.

yes some bad thing you called 'riot' happened in foxconn.workers of two different workshops altercated and then blowed.but it was just happened in foxconn.i have more weapons for you to libel foxconn if you want.one example is that foxconn is notorious for its bad working conditions .You need to think more about why people work there .Why do Chinese people work harder than some other countries.why we buy 18 million cars a year.why we buy 280million mobiles a year.why trains are 3 or 4 faster than your countries.why people do no have to be on/in/beside/under....erverywhere of the train like a spider-man. why you use condoms made in china,why you .if you get all the answer of these questions,you grow up.I'm not argue with you，I'm teaching you....
it is not news that steel mills meet problems .not only steel mills,no industry can be spared from the globle economy weekness,except those closed-door counties.however，if you have a basic knowledge of steel industry，you should know that factories would lose more stopping production line than going on working.without ability to judge，the more news you get ,the more blind you are.Therefore, to improve the level of your knowledge is more important than to boast all over the world.

 

[sweetgrape]

http://sinoshipnews.com/news_content.php?fid=3w3c452
COSCO Shipyard successful delivery of the world’s most advanced ultra-deepwater semi-submersible drilling platform

Shanghai: Cosco Zhoushan shipyard has delivered China’s first self-developed semi-submersible rig Island Innovator on Wednesday.

Built for Norwegian owner Odfjell Drilling, the Island Innovator semi-submersible rig will be operated in the harsh environment of the North Sea, which requires a high level of maturity in understanding identified design and operation risks.

“Island Innovator is an important breakthrough in both design and construction for China’s deep water drilling platform, and is a milestone in China’s development of high-end offshore products,” said an offshore from Cosco Zhoushan shipyard. [27/09/12]

 

[sweetgrape]

http://sinoshipnews.com/news_content.php?fid=3w3c451
Work begins on new northern box terminals

Dalian: Dayaowan North Shore port area in Dalian has started construction of build seven super large container berths

The planned shore line of the port area is 6542 m, with seven 100,000-200,000 tons class super large container berths and three 70,000-10,000 tons class automobile berths.

By 2014, the first 70,000 tons class roro berth and the first 200,000 tons class container berth are expected to be completed, with the capacity of 300,000 automobiles and 800,000 teu annually.

The news follows hot on the heels of Tianjin announcing the construction of three large box terminals at its North Zone over 10km of waterfront to add a whopping 16m teu in additional capacity at the port located to the east of Beijing. [27/09/12]


http://sinoshipnews.com/news_content.php?fid=3w3c449
Cosco building offshore yard in Dongguan

Guangzhou: Cosco Guangdong Shipyard is embarking on building a yard specifically for offshore construction, the first dedicated offshore site in the southern Chinese province. Dongguan, near Shenzhen, has been selected for the new facility. Cosco has big plans for offshore, wanting it to account for up to half of its shipyard revenues by the end of 2015. [27/09/12]

 

[Mitro]

WE? are you still of the thought that folks have not figured you out yet? one has to just go through your posts here. Putting an " Indian " flag on does not guarantee a good cover.

Sorry to hear that but reality hurts i am from mumbai maharashtra india
From gujarati family born in maharashtra 100% indian
Studied in RD NAtional College Bandra linking road

 

[INDIC]

China is a country that is 3 times larger, 4 times richer and grows 2 times faster than India.

How 2 times faster, your GDP growth has slowed down to 7.6%, our last quarter growth was 5.5%.

 

[SR 71 Blackbird]

China’s Manufacturing Shrinks for 11th Month, HSBC PMI Shows.
By Bloomberg News - Sep 29, 2012 8:34 AM GMT+0530

China’s manufacturing contracted for an 11th straight month, a private survey found, increasing pressure on the government to counter a deepening slowdown in the world’s second-largest economy.
The purchasing managers’ index from HSBC Holdings Plc (HSBA) and Markit Economics had a final reading of 47.9 for September, compared with 47.6 in August and a preliminary level of 47.8 released Sept. 20. Readings above 50 signal expansion.
The data add to challenges for China’s leaders who are preparing to transfer power beginning in November to a new set of top officials in a once-a-decade handover. The government is trying to balance the priorities of supporting growth with avoiding a resurgence in property prices as income gains slow.
“Beijing should step up easing to support growth and employment,” Qu Hongbin, chief China economist for HSBC in Hong Kong, said in a statement today. “Fiscal measures should play a more important role in the coming months.”
The yuan climbed on Sept. 28 to its strongest level since 1993 on speculation China will step up efforts to support growth, with the Shanghai Composite Index completing a 4.1 percent two-day gain. The People’s Bank of China injected record funds into the financial system this week to ease a cash squeeze in the run-up to a week-long holiday that starts Oct. 1. China’s markets are closed through Oct. 7.
Export Orders
Today’s data showed new export orders declined in September at the fastest pace in 42 months and purchasing activity in manufacturing fell a fifth consecutive month. Output and import prices also continued to drop and employee numbers decreased a seventh straight month, HSBC and Markit said.
A separate, government-backed purchasing managers’ index (SHCOMP) for manufacturing will be released Oct. 1. The gauge probably rose to 50.1 in September, just above the expansion-contraction dividing level of 50, from a nine-month low of 49.2 in August, based on the median estimate of 21 analysts surveyed by Bloomberg News.
Chinese industrial companies’ profits dropped for a fifth month in August, government data showed on Sept. 27. Baoshan Iron & Steel Co. (600019), the nation’s largest listed steelmaker, said this week it suspended production at a Chinese plant after demand dropped for slabs used to make ships and bridges.
Slowing Growth
The report adds to evidence that China’s slowdown has extended into a seventh quarter after growth decelerated to a three-year low of 7.6 percent in the April-June period. The economy may expand 7.4 percent in the three months through September from a year earlier, based on the median estimate of 23 analysts surveyed by Bloomberg News from Sept. 11 to Sept. 18. Estimates ranged from 7.1 percent to 7.9 percent.
China’s industrial production rose 8.9 percent in August from a year earlier, the weakest pace since May 2009, compared with a 13.5 percent gain in August 2011.
The government has sped up approvals for investment projects, lowered interest rates and boosted tax support for exporters in response to the slowdown. At the same time, authorities have refrained from easing monetary policy since rate cuts in June and July and a May reduction in banks’ reserve requirements.
Wen signaled this month that there’s more room for fiscal and monetary policy to support growth, saying Sept. 11 that the nation has full confidence it will meet its economic goals for the year. The government is trying to prevent growth this year from slipping below the 7.5 percent target set in March, which would already be the weakest since 1990.

To contact Bloomberg News staff for this story: Xin Zhou in Beijing at xzhou68@bloomberg.net
To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

China

 

[Backbencher]

Hehe no surprise here .
These chinese were were preaching us the accountibility of rupee in another thread when they themselves have no idea in what deep **** they are heading to........funny Chinese

 

[Vitchilo]

The world is heading for another big recession, IMO we're already in one.

Which country will have severe unrest due to this? Europe is already getting it... America soon enough, China too.

Hopefully none of these incompetent governments will start a war to distract their populations from the real problems.

 

[KRAIT]

No surprise. China is manufacturing based economy and as the country's economy of the customers of Chinese industries are getting a hit, it was expected.

But as soon as other economies improve, things may go back to normal.

But there are other factors that are not touched.

 

[Backbencher]

No surprise. China is manufacturing based economy and as the country's economy of the customers of Chinese industries are getting a hit, it was expected.

But as soon as other economies improve, things may go back to normal.

But there are other factors that are not touched.

Other factors ??

 

[KRAIT]

Other factors ??

Emergence of new economies, quality issues which we have seen in case of US, Sri Lanka etc. (not saying others don't have problems regarding quality), emergence of domestic industries in the nations where China have market and now their companies facing competition.

Conflicts or strained relations are also not good for economy. The fear of disruption of supply due to break out of any conflict makes their customers to start looking for alternatives.

 

[Plexyre]

Hehe no surprise here .
These chinese were were preaching us the accountibility of rupee in another thread when they themselves have no idea in what deep **** they are heading to........funny Chinese

Yuan Hits High Against U.S. Dollar - WSJ.com

China's yuan hits record high as Oct holiday approaches

Just thought you'd like to know. Btw this was dated a day old.

 

[anarchy 99]

How 2 times faster, your GDP growth has slowed down to 7.6%, our last quarter growth was 5.5%.

China adds more GDP per year than India could even dream of

 

[sweetgrape]

China's most advanced research ship delivered- China.org.cn
China's most advanced research ship delivered

China's most sophisticated research vessel -- named Kexue, or Science -- was delivered to its operator on Saturday in Qingdao, a port city in eastern Shandong Province.

The 87.5-million-U.S. dollar ship, manufactured by the Wuchang Shipbuilding Industry Co., Ltd. based in Hubei Province, was handed over to the Institute of Oceanology, Chinese Academy of Sciences (IOCAS).

Weighing 4,711 tonnes, the vessel is 99.8 meters long and 17.8 meters wide. With a cruising capacity of 15,000 nautical miles and a top speed of 15 knots, it can travel with 80 members for 60 days.

Kexue features better stability and a larger laboratory space as well as having more manoeuvrabilty in comparison with other Chinese research vessels, said Sun Song, director of the IOCAS. He added that the vessel is among the world's most advanced research ships.

Capable of global voyages and all-day observations, the ship is seen as a moving laboratory on the sea.

It will serve as one of the key vessels for the country's oceanographic studies for the next 10 to 20 years, with world-leading facilities for scientific detection and experiments, Sun said.

Kexue is designed to conduct a wide range of tasks, such as water body detection, atmospheric exploration, deep-sea environment exploration and remote sensing information verification.

The construction of the ship began in 2010 and launched in November last year for trials.