China Economy: News & Discussion

[KurtisBrian]

They peaked in 2014, and its been a decline since (Other than the normal post covid recovery). Also, with move towards EV's, china is going to eat their lunch.

perhaps but the first chart painted an inaccurate picture of the situation.

 

[rockdog]

China has high salaries in its cities, therefore the push to automation:

My friends’ company in Shanghai hires coders from East Europe like Bulgaria and Hungary to reduce the cost. And i am satisfied with my Indian team from Gujrat. The real expensive place to hire software engineers are still in silicon valley.

 

[SexyChineseLady]

Along with solar, wind and battery -- nuclear energy is becoming a dominant sector for China.

 

[Spindrift]

Along with solar, wind and battery -- nuclear energy is becoming a dominant sector for China.

Where are you guys on the development of thorium-based molten salt reactors that you guys were working on?

 

[lcafanboy]

Coal Mine Collapse in China, 6 dead, 47 missing....

@SexyChineseLady @rockdog

 

[KurtisBrian]

Along with solar, wind and battery -- nuclear energy is becoming a dominant sector for China.

are those patents completely new or are they just patents already held/filed in a foreign nation being refiled in China?

Communist China and the Chinese people were all outside the international legal system, right? Wouldn't patents get filed to legalize it in China thus preventing Chinese from using or copying it without paying. Now China has $3+ trillion to take away if they break patents. Kind of like a fishing, had to put bait on the hook.

 

[Gyyan]

Coal Mine Collapse in China, 6 dead, 47 missing....

@SexyChineseLady @rockdog

Damn I though coal mine collapse would be something like if a cave collapsed it looks more like an avalanche made of dirt.

 

[rockdog]

are those patents completely new or are they just patents already held/filed in a foreign nation being refiled in China?

Communist China and the Chinese people were all outside the international legal system, right? Wouldn't patents get filed to legalize it in China thus preventing Chinese from using or copying it without paying. Now China has $3+ trillion to take away if they break patents. Kind of like a fishing, had to put bait on the hook.

Nop.

SGCC has a total of 209009 patents globally, out of which 129830 have been granted. Of these 209009 patents, more than 66% of patents are active. China is where SGCC has filed the maximum number of patents, followed by the United States of America and Europe and it also seems reasonable as the biggest market for SGCC is China, it has generated annual revenue of $0.42 trillion in the year 2020. Parallelly, China seems to be the main focused R&D center and is also the origin country of SGCC.

State Grid Corporation of China (SGCC) Patents – Key Insights

State Grid Corporation of China (SGCC) Patents Stats - by Insights;Gate

SGCC has 209009 patents globally, out of which 129830 have been granted. Of these 209009 patents, more than 66% of SCGG patents are active

insights.greyb.com

On power/engergy sector, China is pretty leading on patents and technologies, also the western nations almost abandoned nuclear energy's upgrading due to the political correctness, but China is still progressing.

Most people outside China maybe didn't know Chinese power grid tech is far leading to the rest of world:

It's the top employers among Alibaba, Tencent, Huawei:

State Grid Corporation of China - MOST ATTRACTIVE EMPLOYERS

Recognition issued to State Grid Corporation of China by Universum, using TRUE original documents.

Official Recognition issued by State Grid Corporation of China. The document is generated and secured by TRUE Original Documents.

rankings.universumglobal.com

China state grid provide key capital and tech to Brazil and Philippine.

China can shut off the Philippines’ power grid at any time, leaked report warns

https://edition.cnn.com/2019/11/25/asia/philippines-china-power-grid-intl-hnk/index.html

China's State Grid Corporation seals UA$4.5b stake buy in Brazil

It now owns 54.64% of CPFL Energia SA.

asian-power.com

 

[rockdog]

Coal Mine Collapse in China, 6 dead, 47 missing....

@SexyChineseLady @rockdog

Yes, most death are track drivers in the working site, around 3 million tons of stones collapsed ... tragedy!

 

[SexyChineseLady]

Where are you guys on the development of thorium-based molten salt reactors that you guys were working on?

Construction of the 2 MWt TMSR-LF1 reactor began in September 2018 and was reportedly completed in August 2021. The prototype was scheduled to be completed in 2024, but work was accelerated.

Chinese molten-salt reactor cleared for start up : New Nuclear - World Nuclear News

The Shanghai Institute of Applied Physics - part of the Chinese Academy of Sciences - has been given approval by the Ministry of Ecology and Environment to commission an experimental thorium-powered molten-salt reactor, construction of which started in Wuwei city, Gansu province, in September 2018.

www.world-nuclear-news.org

 

[SexyChineseLady]

The Molten Salt reactor is not the only 4th gen nuclear project in China. The Gas Cooled Pebble Bed reactor is just as exciting!

China's demonstration HTR-PM reaches full power : New Nuclear - World Nuclear News

The demonstration High Temperature Gas-Cooled Reactor-Pebble-bed Module (HTR-PM) at the Shidaowan site in Shandong province of China has reached full power with "stable operation under the mode of 'two reactors with one machine'".

www.world-nuclear-news.org

 

[SexyChineseLady]

On power/engergy sector, China is pretty leading on patents and technologies, also the western nations almost abandoned nuclear energy's upgrading due to the political correctness, but China is still progressing.

Most people outside China maybe didn't know Chinese power grid tech is far leading to the rest of world

China state grid provide key capital and tech to Brazil and Philippine.

China's State Grid Corporation seals UA$4.5b stake buy in Brazil

It now owns 54.64% of CPFL Energia SA.

asian-power.com

Nuclear energy will be like HSR for China where the vast majority of the goods and services in the industry (over 80% of new yearly projects) will be sold and consumed by China.

The key to any infrastructure project is the ability of the country to afford the enormous startup costs (both politically and financially) and then having the market to sustain the operations. Only China has both for huge projects like HSR and Nuclear Power.

This ability will play itself out in other things too -- like a fully internal silicon chip industry and the eventual commercialization and exploitation of the moon and space.

 

[KurtisBrian]

Nop.

SGCC has a total of 209009 patents globally, out of which 129830 have been granted. Of these 209009 patents, more than 66% of patents are active. China is where SGCC has filed the maximum number of patents, followed by the United States of America and Europe and it also seems reasonable as the biggest market for SGCC is China, it has generated annual revenue of $0.42 trillion in the year 2020. Parallelly, China seems to be the main focused R&D center and is also the origin country of SGCC.

https://harrisbricken.com/chinalawb...t-the-u-s-is-not-the-only-place-in-the-world/

How to Protect Your IP from China: Step One, Recognize the U.S. is NOT the Only Place in the World

Screen shot of part of site....note what it says.

Thus American/Western corps prpbably didn't register patents in China so the Chinese and their Taoist Israeli/Catholic/Muslim allies copied and registered in the land of copy cats and thieves.

Japan and Asia are known for having a Red Sun, right? Krypton had a Red Sun too. Kryptonians wore black or white like Taoists.

 

[skywatcher]

why no one talks about pension?

reality of rural China

 

[skywatcher]

why no one talks about pension?View attachment 195209reality of rural China

and medical insurance

hope it is in Xi's grand plan

 

[SexyChineseLady]

Common theme since the end of Zero Covid, very fast growth!

 

[rockdog]

Common theme since the end of Zero Covid, very fast growth!

 

[srevster]

China is growing by confiscating savings from their citizens and giving zero interest loans to their companies with that capital. Now you know why the bank runs are happening.

 

[rockdog]

China is growing by confiscating savings from their citizens and giving zero interest loans to their companies with that capital. Now you know why the bank runs are happening.

Bullshit and stupid claim, who the hell told you so?

I m running the company, the credit loan from Bank is 5-8% and mortgage loan is 4-6%.

 

[KurtisBrian]

Bullshit and stupid claim, who the hell told you so?

I m running the company, the credit loan from Bank is 5-8% and mortgage loan is 4-6%.

better way to look at it is the Chinese people are funding Chinese banks so China and the Chinese can build up and arm China.