China Economy: News & Discussion

MiG-29SMT

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The Chinese defense industry has apparently found ways to increase production of the new J-20 stealth fighter jet to 100 aircraft per year.





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China’s top spy agency warns of ‘gene weapons’ able to target specific ethnicity or race
  • Some nations targeting Chinese population for ‘ulterior motives’, Ministry of State Security says on official WeChat account without offering details
  • While some call it ‘science fiction’, advanced DNA sequencing, genetic data and AI may make ‘ethnic bioweapons’ a reality, researchers say
Genetically Engineered Bioweapons: A New Breed of Weapons for Modern Warfare

 

ym888

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China's small nuclear reactor starts installing digital control system


The small modular reactor Linglong One, February 6, 2024. /CFP


The small modular reactor Linglong One, February 6, 2024. /CFP
The world's first land-based commercial small modular reactor (SMR) has started installation of its digital control system (DCS) in the country's southernmost island province of Hainan.
The reactor, also known as the Linglong One, is a multi-purpose, small modular pressurized water reactor, which was domestically developed by the China National Nuclear Corporation.
The DCS is regarded as the "nerve center" of the operation of a nuclear power plant, and the reactor's DCS adopts two domestically-developed platforms, said Deng Xiaoliang, deputy general manager of Hainan Nuclear Power Co., Ltd.
The reactor is an achievement of independent innovation after Hualong One, a homegrown third-generation nuclear reactor.
Compared with the bigger Hualong One, the 125 MW Linglong One reactor is designed for urban heating, urban cooling, industrial steam production or seawater desalination.
The Linglong One was the world's first SMR approved by the International Atomic Energy Agency in 2016. China started construction of the project in Hainan in 2021.
 

Azaad

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China's small nuclear reactor starts installing digital control system


The small modular reactor Linglong One, February 6, 2024. /CFP


The small modular reactor Linglong One, February 6, 2024. /CFP
The world's first land-based commercial small modular reactor (SMR) has started installation of its digital control system (DCS) in the country's southernmost island province of Hainan.
The reactor, also known as the Linglong One, is a multi-purpose, small modular pressurized water reactor, which was domestically developed by the China National Nuclear Corporation.
The DCS is regarded as the "nerve center" of the operation of a nuclear power plant, and the reactor's DCS adopts two domestically-developed platforms, said Deng Xiaoliang, deputy general manager of Hainan Nuclear Power Co., Ltd.
The reactor is an achievement of independent innovation after Hualong One, a homegrown third-generation nuclear reactor.
Compared with the bigger Hualong One, the 125 MW Linglong One reactor is designed for urban heating, urban cooling, industrial steam production or seawater desalination.
The Linglong One was the world's first SMR approved by the International Atomic Energy Agency in 2016. China started construction of the project in Hainan in 2021.
Yeah, how about opening up plants with this SMR instead of 4 Coal based Thermal Power Plants every week & adding to carbon emissions speeding up Climate Change. Or is this another bit of MSS style propaganda.
 

ym888

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Yeah, how about opening up plants with this SMR instead of 4 Coal based Thermal Power Plants every week & adding to carbon emissions speeding up Climate Change. Or is this another bit of MSS style propaganda.
Unless China suddenly finds a huge gas field,

Otherwise coal plants will be around for decades.

Nuclear power is a good alternative, but construction requires a lot of investment and time costs.
 

Azaad

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Unless China suddenly finds a huge gas field,

Otherwise coal plants will be around for decades.

Nuclear power is a good alternative, but construction requires a lot of investment and time costs.
You don't say .... I thought China had a 20 trillion USD GDP. If you can run up debts running into 1 trillion USD for your HSR & are planning MAGLEV at the same scale these SMR N power plants would come to you for peanuts.
 

rockdog

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China's small nuclear reactor starts installing digital control system


The small modular reactor Linglong One, February 6, 2024. /CFP


The small modular reactor Linglong One, February 6, 2024. /CFP
The world's first land-based commercial small modular reactor (SMR) has started installation of its digital control system (DCS) in the country's southernmost island province of Hainan.
The reactor, also known as the Linglong One, is a multi-purpose, small modular pressurized water reactor, which was domestically developed by the China National Nuclear Corporation.
The DCS is regarded as the "nerve center" of the operation of a nuclear power plant, and the reactor's DCS adopts two domestically-developed platforms, said Deng Xiaoliang, deputy general manager of Hainan Nuclear Power Co., Ltd.
The reactor is an achievement of independent innovation after Hualong One, a homegrown third-generation nuclear reactor.
Compared with the bigger Hualong One, the 125 MW Linglong One reactor is designed for urban heating, urban cooling, industrial steam production or seawater desalination.
The Linglong One was the world's first SMR approved by the International Atomic Energy Agency in 2016. China started construction of the project in Hainan in 2021.


20240412_121118.jpg
 

ym888

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Global shipping magnate stride to a greener path with Chinese hydrogen product


SHANGHAI, Apr. 11 (China Economic Net) – On April 10, the Port of Shanghai completed China's first methanol ship-to-ship bunkering operation. China's first operational methanol fuel bunkering vessel, the Haigang Zhiyuan, provided 504 tonnes of eco-friendly methanol to the Astrid Maersk, a large methanol-powered container vessel at Yangshan Port, part of the Port of Shanghai. Also, this groundbreaking operation represented the first methanol bunkering for a large container vessel in China.

"The total annual carbon dioxide emissions of the global logistics industry are 3.5 billion tons, of which the international shipping industry accounts for about 3 percent," Jens Eskelund, North Asia Chief Representative of Maersk, proposed at the Clean Energy Forum of the China International Supply Chain Expo (CISCE) held late last year, "we choose green methanol as a short- and medium-term solution to help us achieve our decarbonization goals."


Shanghai Port carries out China's first ship-to-ship methanol refueling [Photo/China Hydrogen Alliance]

Maersk are convinced that China can become the world's leading green methanol supplier with its abundant resources and unparalleled production capacity. "In November 2023, Maersk have just signed the first related purchase agreement with Chinese partners. The supply of this order could cover half of our current orders for methanol-powered ships," Eskelund emphasized.

For a long time, the shipping magnate has attached great importance to working with Chinese partners to commit to achieving the goal of net-zero greenhouse gas emissions from all businesses in 2040.

Astrid Maersk, the second of 18 large methanol-powered container ships ordered by Maersk, can sail using green methanol and traditional marine fuels. Running using green methanol can reduce carbon dioxide emissions by 280 tons per day compared with similar ships sailing using heavy oil.

Hai Gang Zhi Yuan, the world's largest methanol refueling vessel, is 135.1 meters long, 20.2 meters wide, and 11.2 meters deep, with a total volume of 16,000 cubic meters and 12 cargo holds inside. It supports synchronous methanol refueling and container loading and unloading, cutting the time needed for the turnaround of international vessels in port.

Specifically, the global shipping industry emits approximately 1.076 billion tons of carbon dioxide every year. Obviously, the use of clean fuels is the most indispensable measure for decarbonizing the whole industry, with methanol is generally considered to be one of the most promising clean fuels for ships. This achievement marks that China's technology and service capabilities in the field of green shipping have reached a new height.

"First, China has the world’s third largest waste resources and abundant scenery resources, which can be used to produce green methanol; second, the country has unparalleled engineering capabilities and rapid and efficient scale-up capabilities; third, China can produce green methanol with 100% freely available resources, thereby reducing the need for energy imports, enhancing energy independence while reducing carbon emissions, all of which is a true win-win," Jens Eskelund has no doubt about China’s huge role in the future green transformation of the global shipping industry.
 

ym888

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I thought so Chang. Only grand statements & projections with NO CONCRETE FIGURES.



 

omaebakabaka

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It is a survival show by Tencent with drew hundreds of millions of votes across East and SE Asia :)

This is a new pop culture economy exemplified by Tencent's shows (including dramas), SM like Tik Tok and fashion companies like SHEIN:
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View attachment 247838

This is bigger money-wise than a lot of industrial sectors :)
Drugs and prostitution also do billions of economy and so many other things, pop culture as it is now is yielding barren females now. Post it in separate thread.
 

MiG-29SMT

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Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world.

The European Union has launched an investigation into China’s state support for its wind turbine companies, intensifying a push to protect Europe’s industry from a flood of cheap Chinese imports.

Margrethe Vestager, the EU’s competition chief, said Tuesday that the probe would look into the development of wind farms in Spain, Greece, France, Romania and Bulgaria.



The move provides further evidence of tensions between China, the world’s biggest manufacturer, and its major trading partners resulting from the oversupply of Chinese goods in key industries around the world. The country’s global trade surplus in goods has soared in recent years and is now approaching $1 trillion.

On Thursday, a Chinese commerce ministry official responded that Beijing “firmly opposes” the investigation. The probe not only “seriously damages” the confidence of Chinese enterprises operating in Europe, but also interferes with mutually beneficial industrial cooperation between the two sides, the official said in a statement.

“It will also affect global efforts to address climate change and the process of green transformation.”

Vestager’s announcement as part of a speech in Princeton, New Jersey, came just days after the European Commission, the EU’s executive arm, opened a separate subsidies probe into Chinese companies bidding for a solar farm contract in Romania.

The commission is making use of new powers under its Foreign Subsidies Regulation, aimed at addressing market distortions caused by subsidies from foreign governments and ensuring that EU companies are competing on a level playing field.

“We saw the playbook for how China came to dominate the solar panel industry,” Vestager said, citing “massive subsidies for domestic suppliers.”

“The result is that nowadays, less than 3% of the solar panels installed in the EU are produced in Europe,” she added, noting that China was deploying the same strategy across other areas of clean technology, including “exporting excess capacity to the rest of the world at low prices.”

“We can’t afford to see what happened on solar panels happening again on electric vehicles, wind or essential chips,” Vestager said.

In October, the European Commission launched an investigation into China’s subsidies for electric vehicle makers, which it suspects may be enabling these firms to keep prices super-low, creating unfair competition with European rivals.

Beijing sees exports as a key measure to revive China’s slowing economy and is increasingly focusing on higher-value exports in industries that Europe and the United States see as strategically important as they seek to green their economies and reduce planet-heating pollution.

CNN’s Wayne Chang contributed reporting.

 

MiG-29SMT

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Producing the same amount of electricity as the average nuclear reactor using solar panels would require around 8.5 million of them. Hydropower can also give us clean electricity, but, says Parsons, it is difficult to compare to other resources.Jan 4, 2024


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MiG-29SMT

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On March 28th, Chinese technology company Xiaomi announced the launch of their first electric vehicle, the SU7. The standard retail price is less than 220,000 yuan, equivalent to roughly 31 thousand US dollars, undercutting market expectations and signalling an intent to compete with Tesla. However, many people have observed striking resemblances between the SU7 and the Porsche Taycan, not just in appearance but also in the design of the car key and the key battery replacement. Some internet users jokingly suggested renaming the SU7 as "Bao Shi mi," which means Porche Mi, a combined name for Porche and Xiaomi.

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Azaad

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Prior to 2008, the government had planned to increase nuclear generating capacity to 40 GWe by 2020 (out of a total 1000 GWe planned), with a further 18 GWe nuclear being under construction then. Projections for nuclear power then increased to 70-80 GWe by 2020, 200 GWe by 2030 and 400-500 GWe by 2050. In April 2015 CNEA said that by 2030 per capita annual electricity consumption would be 5500 kWh, and installed nuclear capacity would be 160 GWe, providing 10% of electricity (with coal 64.6%).
Going by these projections you're already running late , Chang . Moreover it wasn't much of a
surprise to learn that ALL your designs are derived from Westinghouse , Areva , etc . courtesy ToT, which you plan to monetise by exporting the world over.
 

RoaringTigerHiddenDragon

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All the Chinese bots have to know is what kind of money is paid to Indian talent in financial services in Mumbai. This is from Bloomberg and others. Investment and private bankers in Mumbai are paid more than their counterparts in Singapore and getting close to the pay scales in Hong Kong. Mumbai is on its way to becoming a top city for financial jobs. In a few years, it should beat Hong Kong for sure and become second only to Tokyo in Asia Pacific.

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