China Economy: News & Discussion
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srevster
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Japan's nominal GDP outgrows China's for first time in 46 years
2023 growth rates reverse due to deflationary pressure from housing, employment slumps
asia.nikkei.com
srevster
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If China is so rich, it can bail out Sri Lanka and Maldives. Wonder why these countries are coming to India. You should also forgive the CPEC loans.
I think China is overleveraged on debt and is now trying to export that debt to other countries. The net wealth that China has is probably in the red, which leads to contraction and deflation. You can solve this by disrupting supply chains, expanding territory, exporting debt and gaining population.
China's actions are indicative of a country running out of money, not a country that is gaining wealth.
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Azaad
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This is what the MSS used to be capable of 4 decades back before they started admitting less committed Gaokao fail folks like you @ym888 ; @SexyChineseLady ; @rockdog & Xu Yanjun.
SexyChineseLady
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Azaad
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Do you do this on purpose or are you a natural ? What was depicted in my post wasn't exclusively a map but a map bearing the exclusive name - west Taiwan .This is the Republic of China's map
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srevster
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Strong show by Indian economy! IMF ups India GDP forecast; good news for Pakistan too - Times of India
India Business News: The World Bank forecasts India's economy to grow at 7.5% in 2024, contributing to South Asia's 6.0% growth. The World Bank's South Asia Development Up
timesofindia.indiatimes.com
ym888
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The greatest legacy left by the Qing DynastyThis is the Republic of China's map
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ym888
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Interview: GE Aerospace more committed to China after spin-off, says regional head
Source: Xinhua
Editor: huaxia
2024-04-03 14:46:30
by Xinhua writer You Zhixin
SHANGHAI, April 3 (Xinhua) -- GE Aerospace "remains steadfast with its 'In China, For Global' strategy amid global challenges" and its global management "has more opportunities to engage with China" after the spin-off, Xiang Weiming, vice president of GE Aerospace and president of GE Aerospace Greater China, has said.
GE Aerospace was officially launched as an independent public company Tuesday, which, together with the launch of GE Vernova, represent the completion of GE's multi-year financial and operational transformation.
The spin-off will bring enhanced operational focus and agility, resulting in an improved service experience to Chinese customers, Xiang told Xinhua in a recent interview.
"Before the planned spin-off, global management had to focus on numerous business lines. Now GE Aerospace is more focused, allowing global management more time and opportunities to visit China and engage in deeper communication and interaction with the Chinese government and customers," he said.
H. Lawrence Culp, Jr., Chairman & CEO of GE Aerospace is also optimistic about the benefit of the spin-off on China.
"We are excited about the opportunities that come with transitioning into a standalone company, including greater focus and strategic flexibility to grow our business and serve customers, including those in China where over 7,700 GE/CFM engines are in service," he said Tuesday.
GE Aerospace's local services in Greater China, including eight MRO (maintenance, repair and overhaul) facilities, two StoreFronts, and an On Wing Support facility, are a testament to its commitment to the region, said Xiang.
Xiang emphasized the company's resilience and adaptability in maintaining its "In China, For Global" strategy, citing the Fleet Support Center in Shanghai, its only engine technical support center outside U.S., which provides remote engine monitoring and diagnosis services for global airline customers around the clock.
He said GE Aerospace's recent additional investment of 5.2 million U.S. dollars in their Suzhou plant is set to increase production capacity for LEAP engines and commence mass production of the GE9X engine.
On GE Aerospace's performance in China, Xiang said that successful commercial maiden flight of the C919, powered by LEAP-1C engines, and the smooth operation of LEAP-1A engines with zero in-flight shutdowns since its EIS (enter into service), were among the notable milestones.
Looking ahead, Xiang expressed optimism about China's aviation market, which is on track to become the world's largest by 2042. "We are well-positioned with over 7,700 engines in service and a strong partnership with COMAC (Commercial Aircraft Corporation of China) to support China's civil aviation industry," he said.
He also expounded on GE Aerospace's plans for strengthening MRO service network in China, including the On Wing Support facility in Shanghai. The facility's strategic location enables efficient on-site support for aircraft like the C919 and ARJ21, significantly reducing turnaround times.
On the topic of sustainability, Xiang outlined GE Aerospace's carbon reduction roadmap, in which supporting the adoption of Sustainable Aviation Fuel and the development of breakthrough technologies like the RISE (Revolutionary Innovation for Sustainable Engines) program and hybrid electric propulsion are part of GE's commitment to a more sustainable future.
GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. It now has a global team of 52,000 employees, according to official figures released by the company. ■
Source: Xinhua
Editor: huaxia
2024-04-03 14:46:30
by Xinhua writer You Zhixin
SHANGHAI, April 3 (Xinhua) -- GE Aerospace "remains steadfast with its 'In China, For Global' strategy amid global challenges" and its global management "has more opportunities to engage with China" after the spin-off, Xiang Weiming, vice president of GE Aerospace and president of GE Aerospace Greater China, has said.
GE Aerospace was officially launched as an independent public company Tuesday, which, together with the launch of GE Vernova, represent the completion of GE's multi-year financial and operational transformation.
The spin-off will bring enhanced operational focus and agility, resulting in an improved service experience to Chinese customers, Xiang told Xinhua in a recent interview.
"Before the planned spin-off, global management had to focus on numerous business lines. Now GE Aerospace is more focused, allowing global management more time and opportunities to visit China and engage in deeper communication and interaction with the Chinese government and customers," he said.
H. Lawrence Culp, Jr., Chairman & CEO of GE Aerospace is also optimistic about the benefit of the spin-off on China.
"We are excited about the opportunities that come with transitioning into a standalone company, including greater focus and strategic flexibility to grow our business and serve customers, including those in China where over 7,700 GE/CFM engines are in service," he said Tuesday.
GE Aerospace's local services in Greater China, including eight MRO (maintenance, repair and overhaul) facilities, two StoreFronts, and an On Wing Support facility, are a testament to its commitment to the region, said Xiang.
Xiang emphasized the company's resilience and adaptability in maintaining its "In China, For Global" strategy, citing the Fleet Support Center in Shanghai, its only engine technical support center outside U.S., which provides remote engine monitoring and diagnosis services for global airline customers around the clock.
He said GE Aerospace's recent additional investment of 5.2 million U.S. dollars in their Suzhou plant is set to increase production capacity for LEAP engines and commence mass production of the GE9X engine.
On GE Aerospace's performance in China, Xiang said that successful commercial maiden flight of the C919, powered by LEAP-1C engines, and the smooth operation of LEAP-1A engines with zero in-flight shutdowns since its EIS (enter into service), were among the notable milestones.
Looking ahead, Xiang expressed optimism about China's aviation market, which is on track to become the world's largest by 2042. "We are well-positioned with over 7,700 engines in service and a strong partnership with COMAC (Commercial Aircraft Corporation of China) to support China's civil aviation industry," he said.
He also expounded on GE Aerospace's plans for strengthening MRO service network in China, including the On Wing Support facility in Shanghai. The facility's strategic location enables efficient on-site support for aircraft like the C919 and ARJ21, significantly reducing turnaround times.
On the topic of sustainability, Xiang outlined GE Aerospace's carbon reduction roadmap, in which supporting the adoption of Sustainable Aviation Fuel and the development of breakthrough technologies like the RISE (Revolutionary Innovation for Sustainable Engines) program and hybrid electric propulsion are part of GE's commitment to a more sustainable future.
GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. It now has a global team of 52,000 employees, according to official figures released by the company. ■
SexyChineseLady
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Aircraft industry revving up!
They are building so many new 5th Gen J-20s that this has become a common scene in Chengdu
On top of that, you could see 5th Gen J-35s in Shenyang!
A PLAAF Air Brigade has between 24 - 32 fighters
So 312 to 416 J-20s when fully equipped for those units alone
There are around 45 to 50 Air Brigades. The PLAAF seems to be transitioning to mainly J-20 and J-16. J-10C production is reportedly being moved from Chengdu to Guizhou to make space for more J-20 lines!
They are building so many new 5th Gen J-20s that this has become a common scene in Chengdu
On top of that, you could see 5th Gen J-35s in Shenyang!
A PLAAF Air Brigade has between 24 - 32 fighters
So 312 to 416 J-20s when fully equipped for those units alone
There are around 45 to 50 Air Brigades. The PLAAF seems to be transitioning to mainly J-20 and J-16. J-10C production is reportedly being moved from Chengdu to Guizhou to make space for more J-20 lines!
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SexyChineseLady
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This is industrial might
China will probably never need to fight an actual war. No one wants to tangle with a country that is building 240 frontline fighters per year to go along with more warships than anyone else
China will probably never need to fight an actual war. No one wants to tangle with a country that is building 240 frontline fighters per year to go along with more warships than anyone else
MiG-29SMT
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does not matter China will be defeatedAircraft industry revving up!
They are building so many new 5th Gen J-20s that this has become a common scene in Chengdu
On top of that, you could see 5th Gen J-35s in Shenyang!
View attachment 246998
View attachment 247001
A PLAAF Air Brigade has between 24 - 32 fighters
So 312 to 416 J-20s when fully equipped for those units alone
There are around 45 to 50 Air Brigades. The PLAAF seems to be transitioning to mainly J-20 and J-16. J-10C production is reportedly being moved from Chengdu to Guizhou to make space for more J-20 lines!
rockdog
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Azaad
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Excerpts from the glorious Cultural Revolution from Guanxi province. Apparently cannibalism was part of it with more than 400 people being cannibalized only in Guanxi. The true tally for Guanxi & the rest of China will remain unknown.
Only the Han can subject a fellow Han to such treatment.
All hail Chairman Mao - great helmsman.
Azaad
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Well done CCP. Do to the gwailou what they've done to you. Of course the risk here is the gwailou may have already detected the hack long ago & deliberately uploaded faulty chip designs onto their system which the MSS accessed. We'd know how successful Chinese attempts are once such designs come into the market place.
Azaad
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MiG-29SMT
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Man you got me wow you are right in 2056 J-20 will be flying over washington, Berlin, New Delhi, Moscow and Tel aviv yes you got me, we will be eating dog and gutter oil, driving a BYD and bowing down to Chairman Mao and Xi as China rejuvenates you got me
Yes CCP will rule the world from Beijing.and the glorious PLA J-20 will give the victory as Zero did it to Japan yes you got me
sorry I thought J-20 NATO classification was zero
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