China pins faith on electric cars and high-speed trains to revive slowing economy

Discussion in 'China' started by I_PLAY_BAD, Oct 6, 2015.

  1. I_PLAY_BAD

    I_PLAY_BAD Regular Member

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    China’s State Council or Cabinet wants one million ‘green cars’ to hit the domestic market by 2020.

    China has plans to accelerate the roll-out of electric vehicles as the vanguard of its innovation based ‘new normal’ economy to combat the slowdown in its low-tech manufacturing and drop in exports.

    China’s State Council or Cabinet wants one million ‘green cars’ to hit the domestic market by 2020. Over the next five years after that, market share should jump to 80 per cent, when three million electric vehicles are produced, according to plans.

    The ambitious shift away from conventional fuels follows the ‘Made in China 2025’ campaign. Unveiled in May this year, it aspires to transform the face of the Chinese economy, by moving in the direction of innovation based hi-end production and services, buttressed by a growing appetite for domestic consumption.

    In pursuit of this domestically-driven economy, Beijing has already issued guidelines that would ensure rapid absorption of the new eco-friendly vehicles.

    Local governments are being directed to ensure that more than 30 per cent of the vehicles in their order list are fired by new energy. Penalties for non-compliance are painful. Provincial governments, which deviate from the new norms, risk losing subsidies on fuel and operating expenses. Among the new purchases, the share of green-energy vehicles should rise to 30 per cent.

    While encouraging usage of electric vehicles, authorities have a formidable task of providing battery-charging posts, which will make the shift from hydrocarbons unproblematic.

    “It’s like with phone chargers, it’s a bit all over the place,” said Zheng Zhajie, Deputy Head of the National Energy Administration. “Everyone has a pile of different chargers and a pile of batteries. Now we’re trying to improve things, moving towards unifying and standardising,” he told the State-run Xinhua news agency.

    Apart from electric and hybrid-vehicles, nine other core items feature on the futuristic “Made in China” list. High-speed railways are one among them. If everything goes according to plan, China should capture almost one-third of the global market by 2020 and 50 per cent by 2025. Hong Kong media is reporting that the Chinese are in talks with 30 countries for developing rapid rail systems.

    After signing a deal in the U.S. to construct the Los Angeles to the Las Vegas high-speed corridor, the Chinese are now expected to pitch for the London-Birmingham-York line in Britain — a country that President Xi Jinping is expected to visit shortly, following his recent visit to the U.S. Analysts say that Chinese have become frontrunners in the high-speed railway business because they offer quality at a lower price tag. It is estimated that the Chinese charge $17 million per km for a high-speed train running at 350 km per hour. In comparison, European companies’ prices are anywhere between $25 million and $39 million per km.

    The Chinese have also identified information technology as another domain for significantly expanding their footprint. The State-run China Daily is reporting that planners want Chinese servers to capture 90 per cent of the domestic market in the finance and telecommunications sectors within a decade. It quotes analysts as saying that this would further squeeze the markets of overseas vendors such as IBM Corp. and Hewlett-Packard Co. The daily pointed out that “IBM, Hewlett-Packard, Cisco Systems Inc. and many other technology giants are feeling the pain from a tightened grip on data security standards and checks”.

    Other priority areas, to shift the economy to the next level, include manufacture of computer numeric control (CNC) machines, robots, bio-medicine, aerospace industry, ocean engineering and shipping.

    The poor manufacturing numbers along with the turbulence in the stock market have added urgency to the proposed economic reforms. Chinese manufacturing shrank for the second successive month in September. In late August, the stock market had nosedived to record lows, drawing international focus on the future of the Chinese economy.


    Link : http://www.thehindu.com/business/ch...-to-revive-slowing-economy/article7727206.ece

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    This is what India also has to do to fructify its "Make in India" initiative and sustain growth for a long time.
    India must start manufacturing not just low-end tech parts but also high-end tech products.
    The advantage both India and China have is the population. they can sell any type of product to considerable population compared to other developed nation where they have to work hard to promote and sell a product.

    We need to take China as benchmark and learn from the achievements and mistakes of China with better 'QUALITY'.
    Only this will put India in a place where the present Government is imagining it to be in the future.

    To be relevant India need to continuously innovate.

    =======================================================================================

    @Abhijat @A chauhan @Alien @alphacentury @Ancient Indian @anupamsurey @blueblood @brational @Bangalorean @Blackwater @bose @cobra commando @DingDong @DFI_COAS @ersakthivel @gpawar @hit&run @jackprince @Kharavela @Illusive @I_PLAY_BAD @LETHALFORCE @Lions Of Punjab @maomao @Mad Indian @OneGrimPilgrim @Peter @pmaitra @Razor @raja696 @Rowdy @Sakal Gharelu Ustad @sydsnyper @Srinivas_K @Screambowl @sorcerer @Simple_Guy @Sylex21 @wickedone @tarunraju @TrueSpirit2 @thethinker @VIP @Vishwarupa @VIP @Varahamihira @roma

    Your opinions please......
     
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  3. amoy

    amoy Senior Member Senior Member

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    China’s ZTE pushing ahead with high-power wireless charging vehicle test deployment

    ZTE Corporation, China’s largest listed telecommunications equipment company, is developing high-power wireless charging systems and services for electric vehicles, with a focus on public charging infrastructure. At a China-US workshop on electric vehicle standardization held in June (earlier post), Academus Tian, VP of ZTE New Energy Vehicle Co., presented an overview of ZTE’s efforts in wireless power transfer (WPT).
    [​IMG]
    Tian said that ZTE’s inductive charging WPT module has a potential capacity of up to 30 kW, with a gap of 20 cm and efficiency of up to 90%. The footprint of the device is less than 1 m2; frequency is 85 kHz. ZTE, which has aggressively partnered with a number of passenger and commercial vehicles makers over the past few years, has recently launched a series of commercial vehicle (bus) WPT trials.

    In September, in a joint R&D project between ZTE and Dongfeng Automobile, the first pre-commercial bus route in China deploying new-energy vehicles equipped with the ZTE high-power wireless-charging system went into operation in Xiangyang, Hubei.

    In February 2015, ZTE launched a trial in Chengdu with two community buses (18 seats) on a 5 km (3.1 miles)route, partnering with the Shudu Group.

    Also in February, ZTE launched a WPT trial for scenic shuttle buses in Dali City (Yunnan) on an 8 km (5 miles) route.

    In March 2015, ZTE partnered with Hauer Auto to launch a wireless charging bus demonstration in a frigid climate (Changchung, with winter working temperatures around -26 ˚C (-14.8 ˚F)), using three 45-seat city buses on a 15.6 km (9.7 miles) route.

    Also in March 2015, ZTE launched the trial of the largest capacity wireless charging system yet: 20 chargers that can support up to 100 12.5 meter buses in Zhengzhou.

    Finally, the company is developing another trial at its own headquarters, with two charges supporting shuttle buses on the 12 km HQ-R&D line. The vehicle partner is Wuzhoulong Vehicle.

    Tian said that the local governments in about 21 cities have already signed MOUs to deploy wireless charging solutions for pubic transportation; there are six cities in which WPT has already been launched.

    http://www.greencarcongress.com/2015/07/20150706-zte.html

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  4. Screambowl

    Screambowl Senior Member Senior Member

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  5. amoy

    amoy Senior Member Senior Member

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    China steals Modi's catchphrases and devises her own Act East and Make in China campaigns.

    Indonesia favors China over Japan in high-speed rail bid

    Indonesia is leaning towards China over Japan in an aggressive bidding battle to build the Southeast Asian nation's first high-speed railway, two government sources involved in making the decision said.

    [​IMG]A driver enters a train cab for a trial run at the Harmi South Station in the Xinjiang Uygur autonomous region. [Photo/China Daily]

    The two Asian giants have both sent envoys to lobby Indonesian officials over the past two weeks, each sweetening the terms of their bid for the contract worth about $5 billion.

    Analysts believe that whoever wins will likely become the front runner for other high-speed rail projects coming up in Asia over the coming years, including one linking Kuala Lumpur and Singapore.

    A cabinet-level committee led by chief economic minister Darmin Nasution will meet on Monday to make its recommendation on which country should build the rail line between the capital, Jakarta, and textile hub of Bandung.

    President Joko Widodo is expected to announce the winner within days.

    "Indonesia is leaning towards China because their proposal is less financially burdensome on the Indonesian government and because the issue of safety has been adequately addressed," a government source told Reuters.

    A second government source said Indonesia wanted to strike a balance between the two powers in handing out high-profile infrastructure projects. Japan already holds contracts to build Jakarta's mass rapid transit system and the biggest coal-fired power plant in the region.

    Both sources declined to be identified due to the diplomatic sensitivity of the issue for Jakarta and the economic stakes. Japan is Indonesia's second-largest investor, while China is its top trading partner.

    "We have two partners and it will be good if we can maintain both of them. We have to be smart when taking this decision," Luky Eko Wuryanto, Indonesia's deputy minister of infrastructure and regional development, told Reuters last Friday after meeting China's ambassador to Indonesia.

    The 150-km rail line should to cut the journey between Jakarta and Bandung to 35 minutes, from about three hours. Trains are expected to reach speeds of more than 300 km per hour.

    Indonesia hopes to extend the line later to connect Jakarta with the city of Surabaya.

    Japanese Prime Minister Shinzo Abe last week sent an envoy to offer a more attractive deal ahead of Monday's deadline, which was Japan's second revision in two weeks.

    Japan's late manoeuvring brought protests from China, which said it was unfair Japan had been allowed to submit a new offer so close to the deadline, a minister said.

    China had sweetened its offer earlier in August.

    Japan initially believed it had won the contract after completing a more than $3 million feasibility study, but in March Widodo invited other offers in order to get the best deal.

    China is offering a 73.92 trillion rupiah ($5.27 billion) loan with a 50-year tenure and an interest rate of 2 percent in US dollars.

    Japan is offering a 60.14 trillion rupiah repayable over 40 years at an interest rate of 0.1 percent in yen, with a 10-year grace period.

    Its latest proposal also offers Japanese guarantees on financing and increases the percentage of local content.

    http://www.china.org.cn/wap/2015-09/01/content_36470449.htm

    ~~Still waters run deep. ~~from my MiPad using tapatalk
     
  6. Screambowl

    Screambowl Senior Member Senior Member

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    cost factor most probably. plus cheaper maintenance service
     
  7. brational

    brational Regular Member

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    China's inorganic growth and bullying tactics has earned her many foes. China's industry and export economy will collapse if US pulls out of China and US will do that to keep her Super Power status.
    30% and 50% market share seems to be a wet dream if China does not change her attitude. Playing game with disputes won't take her to anywhere and it is evident from the current turmoil in China.
    Electric car market will grow in future and India is also a player. Don't forget Reva has been taken over by mahindra and they are investing big in it. Bajaj is also in the game. Tesla will gain a lot in India in the luxury segment. It is right time for us to focus on low cost solution to take on the ZTE and other Chinese solutions. Hope the present govt is working on it with Indian Private sector.
     
  8. I_PLAY_BAD

    I_PLAY_BAD Regular Member

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    Global power goal is a pain point for China as long as USA is there.
    USA will not allow any country to take over its role and it will take necessary steps to curb China's advantages.
    China must be wary and grow peacefully without any conflicts or disputes with others (Japan, India, Vietnam etc...).
    From what I see China is trying to bully other nations with its Army and Economy which even the USA hasn't done in the past when it was growing. So china has to stop doing that before all its haters grouping and taking it on.
     
  9. no smoking

    no smoking Senior Member Senior Member

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    Well, NO ONE in China ever thinks that USA will allow any country to take over its role.

    Name me one country that ever growing without conflict or dispute with her neighbours.

    Wow, someone just really need to learn some history about USA, especially what USA did to Mexico, Cuba, Canada, South American countries in 19th and 20th centuries.
     
  10. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    Except, USA dint piss them all off at the same time. :lol:

    China can't take on India singlehandedly today, let alone a coalition of its enemies.
     
  11. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    Don't read too much into this situation. Chinese growth is very artificial and is bound for self correction sooner or later. And its effect will be visible soon, no matter how hard China tries to hide it. The biggest mistake China did was wrt its population followed by its highly uncompetetive mode of economics and business growth which can't be sustained in the long run.

    China's 12 tn $ economy was built on a debt of 28tn $. Just chew on that ;)

    And this is something India needs to avoid- creating artificial business booms by subsidising our industries.

    And I am pretty sure China is cooking up its books now too with its real growth rate around 4% p.a.
     
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  12. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    China will not be able to make a battery that could compete with
    companies like Tesla Or Toyota hydrogen fuelled cars.
    People would not spend money on a big ticket item like
    A car made in China.
     
    Last edited: Oct 7, 2015
  13. LETHALFORCE

    LETHALFORCE Moderator Moderator

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  14. amoy

    amoy Senior Member Senior Member

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    no Chinese tender would cost more than Japanese, $5.5 bln vs. $4.9 bln inclusive of financing cost.

    main reasons for Indonesians to prefer Chinese
    1)Chinese don't require governmental guarantee.
    2)Chinese plans to complete within 3years vs. Japanese maybe 5.

    ~Tapa talks: Orange is the new black.~
     
  15. Screambowl

    Screambowl Senior Member Senior Member

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    governmental guarantee from Indonesia to reimburse the loan?
     
  16. I_PLAY_BAD

    I_PLAY_BAD Regular Member

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    First let the Chinese make the Yuan a freely-traded currency. Then we will know its true performance against the $ which will eventually expose the actual GDP figures of that country.
    No offence.
     
  17. Compersion

    Compersion Senior Member Senior Member

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    Keeping its people to be busy is PRC and Yuan certificate ...
     
  18. I_PLAY_BAD

    I_PLAY_BAD Regular Member

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    You might be thinking so but I have seen many Chinese fan boys in other forums speaking about 'easily' taking over the US. Pretty day dreaming that, I would say.

    Central asian countries, South Africa, Brazil, Canada, All Scandinavian countries (Norway, Sweden, Denmark, Finland), UK, Spain, Portugal. Enough ?
    These countries had no or very less conflicts in the recent past.


    What did USA actually 'did' to those countries ?
    Cuba was massaging Russia, Mexico gave troubles through illegal immigrants, drug mafia etc.
    Except Colombia which South American country had direct conflict with the USA ?
    Canada ?!?!? Don't joke.
     
  19. amoy

    amoy Senior Member Senior Member

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    ya. Japanese does attach strings to loans at ultra low interest rate

    ~Tapa talks: Orange is the new black.~
     
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  20. amoy

    amoy Senior Member Senior Member

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    Yuan jumps to 4th most-used world payment currency

    Global transaction services organisation SWIFT said Tuesday that the yuan overtook the Japanese Yen to reach this ranking.

    The yuan has surpassed seven currencies in the past three years as a payment currency and is now behind only the US dollar, the euro and the sterling.

    More than 100 countries used the yuan for payments in August, of which over 90 percent of flows were concentrated in 10 countries. Singapore processed 24.4 percent of the total, followed by the United Kingdom with 21.6 percent.

    http://news.xinhuanet.com/english/video/2015-10/07/c_134689132.htm



    ~Tapa talks: Orange is the new black.~
     
  21. I_PLAY_BAD

    I_PLAY_BAD Regular Member

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    If all of this are true then why does your Government still hold control over Yuan and manipulate it as per the market situation ?
     
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