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KINA EN ØKONOMISK KJEMPE
dammerud
21.05.2005 10:07
#8866

Endre
Velkommen til en ny topic som skal ta for seg utviklingen i Kina, en blivende økonomisk stormakt og hvor Norge har store muligheter ,

1300 millioner mennesker i et land som er i ferd med å bli verdens største marked og økonomiske dynamo som bl.a. re tekstilbransjen har skremt "vannet" av mange.

En økonomisk vekst som sprenger alle grenser.

Håper at flere er med å bidra til med info om hvor bedrifter i ditt distrikt er inne, i forhandlinger eller har muligheter .

Her har jeg en flott link som dere kan vende tilbake til for å få info både på norsk og engelsk om Kina.

KINAFORUM MED MASSE LINKER

Les "Sammen er vi krutt"

Dessuten denne:
Norges offisielle nettside mot Kina




Olje og fisk er bl.a relevante temaer ,men også mange andre interessante muligheter.

Jan






[Endret 21.05.05 10:09 av dammerud]
[Endret 21.05.05 10:11 av dammerud]
[Endret 21.05.05 10:19 av dammerud]
dammerud
21.05.2005 10:26
#8867

Endre
Her er litt mer generelt om norsk satsing.
Man har et apparat både hjemme og ute.

Innovation Norway and the Norwegian Seafood Export Council (NSEC) both have offices in Beijing.

Innovation Norway
As of 1 January 2004 the new state owned company Innovation Norway has replaced the following four organisations: The Norwegian Tourist Board, the Norwegian Trade Council, the Regional Development Fund, SND and the Government Consultative Office for Inventors, SVO.

Innovation Norway promotes nationwide industrial development profitable to both the business economy and Norways national economy, and helps release the potential of different districts and regions by contributing towards innovation, internationalisation and promotion.The new state owned company employs more than 700 people. Innovation Norway has offices in all the Norwegian counties and in more than 30 countries world wide. The head office is situated in Oslo.

Innovation Norway's office in Beijing is situated inside the embassy compound in Sanlitun. The office is headed by Trade Counsellor Harald Naevdahl.

In order to obtain information in English about Norway or Norwegian business and industry, please visit one of the English web sites with links on the right.


The Norwegian Seafood Export Council

NSEC is the Norwegian seafood industry's combined marketing and information council.

The goal of its operations is to increase the interest for and awareness of Norwegian seafood in Norway and the rest of the world. The industry finances NSEC's activities through a separate statutory fee on the export of Norwegian fish and seafood. Marketing Counsellor Jan Fossberg is in charge of the NSEC Beijing office. The office is situated inside the embassy compund in Sanlitun.






[Endret 21.05.05 10:26 av dammerud]
dammerud
21.05.2005 12:18
#8868

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Hu: China working hard to open up
Monday, May 16, 2005 Posted: 10:52 PM EDT (0252 GMT)
CNN har en uke full av kinaprogram:
Temaer:

EYE ON CHINA
• Economy sets a sizzling pace
• Giant aspires to superpower status
• Shanghai: China's business engine
• Space: China's great leap skyward
• Environment pays price of progress
• Asian tussle for dominance
• Rural citizens fighting back
• IT warms cooperation with India
• Games heads leave little to chance
• Xinjiang: On the new frontier
• Young, angry ... and wired
• Tiger in house of the flying hero
• Middle Kingdom 'best under heaven'
• Special report: Eye on China

Her er fra talen til møtedeltagerne i Fortune Global Forum in Beijing på mandag 16. mai:

BEIJING, China (Reuters) -- Chinese President Hu Jintao says his country will work hard to open up to the rest of the world and help overseas businesses invest in what has become the world's fastest-growing major economy.

"China will unswervingly pursue a basic policy of opening up to the rest of the world and will further pursue our economic and technical cooperation with the rest of the world," Hu told delegates to the Fortune Global Forum in Beijing on Monday.

"We are certainly willing to create an even better climate for foreign businesses to make investment and trade with China," he told the business forum.

Hu said economic globalization meant China and Asia were quickly becoming a new growth engine for the world, the state-run Xinhua news agency reported. (Full text)

Hu said that particularly since the reform program pioneered by Deng Xiaoping in 1978, China has undergone a profound transformation.

In the 26 years from 1978 to 2004, China's GDP increased from $147.3 billion to $1.6494 trillion, with an average annual growth rate of 9.4 percent.

Foreign trade rose from $20.6 billion to $1.1548 trillion, averaging an annual growth rate of over 16 percent.

Hu said the number of rural poor had fallen from some 250 million to 26 million.

Hu made no mention of a trade row over textiles with Europe and the United States, which last week said it would restrict imports of three kinds of clothing from China that have surged dramatically unless the two countries work out a compromise.

The European Union is also considering curbs on Chinese clothing imports.

Chinese Premier Wen Jiabao was quoted by Xinhua on Monday as saying U.S. curbs on China's textile exports were not conducive to good trade relations.

China enjoyed a huge trade surplus with the United States of $4.59 billion in April and $21.2 billion for the first four months of 2005, a stark contrast to the same period last year, when it ran up a deficit of about $10.7 billion.

The sharp turnaround is fuelling complaints by U.S. exporters in particular that China is reaping an unfair advantage by keeping the yuan pegged at 8.28 per dollar, as it has since 1997, instead of letting the currency strengthen to reflect rising productivity.

Several economists expect imports to pick up in coming months and to reduce the trade deficit. Others, though, say China is becoming less reliant on foreign goods as the huge investments of recent years, in everything from steel mills to chip plants, lead to increased production for sale both at home and abroad.

Evidence from big companies doing business with China suggests that the world's seventh-largest economy has been largely immune to a slowdown emerging in other parts of the world.

Jan.





[Endret 21.05.05 12:22 av dammerud]
dow
21.05.2005 14:06
#8003

Endre
The Echoes of Beijing

Stephen Roach (from Beijing)




Over the years, I have made probably ten visits to the Temple of Heaven in Beijing. But this time it literally took my breath away. Built in the 15th century, it is one of Ming China’s greatest monuments — an extraordinary complex of sacrificial buildings that is three times the size of the Forbidden City. The centerpiece — the magnificent three-level white marble Altar of Prayer for Good Harvest — was the scene for the major social extravaganza of the just-completed Fortune Global Forum. Staged by the Beijing municipal government, the Temple of Heaven was magically transformed by lights, music, opera, and traditional costumes and dancing into what had to be a preview of the opening ceremony of the 2008 Olympics. It was a truly spectacular event. On the surface, the China boom never looked more glorious.

Beneath the surface, however, there is a growing sense of unease in China. Don’t get me wrong — the backward looking data flow still looks terrific. GDP growth continues to soar — gains in 2003 were just revised upward to 9.5% (from 9.3%) and the Chinese economy was estimated to be holding at that pace in the first period of 2005. The latest update of the more reliable industrial output figures paints an equally impressive figure — a reacceleration to 16% y-o-y growth in April versus somewhat more subdued year-end 2004 comparisons of 14.4%. Growth is not the issue in China. There has been plenty of it in recent years and there is an ample reservoir of considerably more growth to come in the pipeline. The issue is the consequences of that growth.

Two considerations are especially critical in that regard — China’s own efforts to maintain the internal stability of its economy and the world’s response to the China growth juggernaut. Recently, Chinese officials have taken dead aim on the nation’s over-heated property sector with a new series of tough administrative measures. This is the third such action this year, but this one seems to have real teeth in going after excesses on both the demand and supply sides of the property. There is a new tax on any “property flipping” that will be imposed on transactions taking place within two years of a purchase and there are new penalties for excess developer’s profits and the restriction of land supply. These actions were jointly issued by seven agencies within the central government — underscoring a deep sense of determination on the part of China’s senior leadership to come to grips with the major internal excess of the Chinese economy. This is clearly a much tougher message than I picked up in late March, when I met with senior officials at the annual China Development Forum (see my 22 March dispatch, “China Goes for Growth”). That could finally mean “game over” for the Shanghai property bubble.

Meanwhile, back home, the US government has unleashed a multi-pronged assault on Chinese trade. The Commerce Department has imposed “surge protection” quotas on the imports of several categories of textile products made in China. The Treasury Department has issued the functional equivalent of an official ultimatum on the currency issue — making it crystal-clear that China is on the brink of being found guilty of manipulating the renminbi. And the US Congress is moving full speed ahead in the consideration of a more broadly based scheme of stiff tariffs on all Chinese-made products shipped to the United States. Reflecting the confluence of lingering angst in a tough US labor market and a China-centric trade deficit, the scapegoating of China has now become the favorite political sport in Washington (see my 9 May dispatch, “Politicization of the Trade Cycle”). Never mind, the flawed macro logic behind this potentially tragic outbreak of protectionism. US politicians seem increasingly united in their efforts to blame China for America’s massive foreign trade and current-account deficits.

The real test for China comes from the potential interplay between these two sets of forces — internal measures aimed at containing the property bubble and external measures aimed at constricting Chinese trade. This could be an exceedingly difficult set of circumstances for an unbalanced Chinese economy, whose growth dynamic is powered by two major drivers — exports and export-led investment. Collectively, exports and fixed investment now make up about 80% of total Chinese GDP. By going after the property bubble, Beijing is attempting to squeeze the biggest piece of that — domestic investment — whereas Washington is taking aim on the export component. This potential double whammy is especially disturbing in that China lacks the backstop of internal private consumption; in 2004, household consumption fell to a record low of 42% of Chinese GDP — the smallest consumption share of any major economy in the world. (Note: While investment, exports, and private consumption collectively account for more than 100% of Chinese GDP, a negative offset of some 34% of GDP comes from imports, while another 12% shows up in the form of government consumption).

This could well be modern-day China’s toughest macro challenge. Time and again — but especially over the past eight years — the Chinese economy has had to cope with very tough external and internal circumstances. The Asian financial crisis of 1997-98, the synchronous global recession of 2001, and the SARS outbreak of early 2003 were all formidable threats that most in the West thought would derail the Chinese economy. Yet China barely skipped a beat on all of those occasions. This time the challenge is very different and potentially much more significant — ironically, coming just when the world has become convinced that the Chinese growth miracle is here to stay. If Beijing gives on the currency front after having just taken actions to pop the property bubble, the risk of a major shortfall of Chinese economic must be taken seriously.

But the real
chateau
21.05.2005 16:22
#1338

Endre
En spennende topic, Dammerud.
Kina er et land i full blomst.
Er akkurat kommet hjem etter en fantastisk ferietur, hvor jeg hovedsakelig oppholdt meg i og rundt Beijing.
En rekker over ganske mye på 12 timers dagsturer hvis en starter dagen like tidlig som kineserne.
Det er en enorm byggeaktivitet i Beijing, og hovedfokuset er nå¨rettet inn mot olympiaden 2008.
Det som slo meg er at Beijing på mange måter en topp moderne by.
Folk er vennlige og tildels meget nyskjerrige på hvor vi kommer fra, og hva vi har som proffesjon.
Spesiellt blir en tilsnakket av unge studenter som vil praktisere engelsken de har lært.
Noen av dem vet også ganske mye om Norge.
Det er faktisk slik at en noen ganger må en være avvisende ovenfor studentene, og si at det ikke passer å samtale akkurat der og da.
Hvis ikke blir en stående på samme sted hele dagen.
Det ser også ut som at ungdommen lider av det samme kjøpepresset og motehysteriet som en finner i vestlige land.
Mobiltelefonen er også kommet inn for fullt, og da spesiellt blant ungdommen.
Ønsker deg en god tur, Dammerud.
Min tur var verd hver eneste krone, og jeg reiser gjerne tilbake ved en senere anledning.
dammerud
21.05.2005 19:32
#8869

Endre
Takk Chateau og Dow.
Jeg gleder meg.

Fortsatt god helg.


[Endret 21.05.05 23:06 av dammerud]
lanse
22.05.2005 00:52
#6206

Endre
Velkommen etter dammerud jeg satte fingeren på dette i 2003.

Link

Nå er det på tide å se på reverseringen.


lanse
lanse
22.05.2005 01:00
#6207

Endre
Vil bare påpeke att mye har skjedd siden den gangen og att jeg har lært mye om renbini og forståelsen rundt pegen, har også mye igjen å lære.

lanse
lanse
22.05.2005 01:18
#6209

Endre
Dammerud du liker sikkert ikke dette att jeg var i forkant, som du forstår så er jeg stort sett i skuddlinjen med kontroversielle meninger, som jeg var i 2003.

Er det ikke behagelig dammerud å finne en gammel sannhet.

Jeg blir så lei av dere.?

Topicen din er gammeldags sannhet, '

Du minner meg om taxisjåførene.


lanse
lanse
22.05.2005 01:50
#6210

Endre
Det minste nytenkning her burde Være å vise litt forståelse over Chinesisk tankegang.
dow som viser seg å ha diktatorisk matematisk tekning og store analytiske evner vet vel alt om PEGGEN til US.

Så jeg venter spent på fremtiden ifra dow sine store analytiske evner..


lanse
lanse
22.05.2005 01:55
#6211

Endre
Ikke bare Blir jeg lei av dere, jeg blir også sliten av dere.

mvh

lanse
lanse
22.05.2005 02:07
#6212

Endre
Nå går jeg på stranden og slapper av for en stund, men dere bør tenke dere om før dere ser på meg som en idiot, og heller se på linken min.


lanse
dow
22.05.2005 02:14
#8016

Endre
Ble litt rot dette, halve innlegget forsvant.


[Endret 22.05.05 02:15 av dow]
dammerud
22.05.2005 06:04
#8870

Endre
Til lanse.
takk for innleggene dine og tilbake til valutakinatopicen.

Alltid godt å være i forkant.

Men selv om en må hoppe etter Wirkola så kan en ny stil ,innfallsvinkel, virke forhåpentlig noenlunde bra.

Dows pro og contra re utviklingen er interessant.
Vi får se.

Fortsatt god helg.

jan


[Endret 22.05.05 06:06 av dammerud]
trader.nr1
22.05.2005 09:30
#5159

Endre
Nå får du en tøff jobb dammerud, å "mene noe etter lanse" blir en hard nøtt. Nesten verre enn å hoppe etter wirkola...:-) :-)
skipper*
22.05.2005 09:31
#1363

Endre
Hei dammerud

Håper du får en interessan tur til China.

Jeg har,som du sikkert ha forstått hatt med Chinesere å gjøre siden 1966, det var den gang vi hadde chinesisk crew på norske skip... den gang var det Mao som regjerte og når vi kom til Chinesisk havn var det alltid vanskelig å bestemme hvem var hvem ,for de gikk alle i den samme dressen , Mao uniformen., vi viste når losen kom ombord,for han hadde kikkerten hengende rundt halsen.
I 1975 fikk vi de første signaler om at China hadde en undergruns opposisjon, vi fikk noen Aftenposten Ukemagasin og i 3 av disse magasinene hadde noen skrevet på sigarettpapir med skrivemaskin og limt inn i avisen , slagord mot Mao noe som dengang sikkert var dødsstreff...
Jeg har forresten lest at det var metoden Chinesisk undergrunn gav signaler til den øvrige verden at noe var i gjære...China hadde en opposisjon...

Når vi nå ser hva China har oppnådd etter revolusjonen så er det bare fantastisk, de er på vei til å blir verdens mektigste handelspartnere...
Jeg leser at 75 % av all containerexport fra China er det Amerikanske selskapet varehuskjedene Wal-Mart og K-Mart så da vet vi hvordan det står til med amerikanske forbruksvareproduksjon...
Det chinesiske arbeidsmoral, flid og mange kloke hoder gjør at vi bare har sett begynnelsen av noe enormt...
Jeg ser CCTV hver morgen og en morgen var det interjuv med Utenriksminister Petersen i prigrammed Dialoge , det var interessant å se, selv om han var litt tam, men chinserne lurte på hvorfor Norge ikke solgte mere olje til China og det forklarte urenriksmnisteren kom av den lange transportveien...
men de hadde oppdaget at Norge gav ut store summer til utviklingsland og det var noe China ikke kunne klare, men utenriksministeren mente at han ikke kunne skrive ut en sjekk der og da.....
det var ikke så enkelt mente utenriksministeren
(Hadde det vært Bondevik er jeg ikke sikker om han ikke hadde tatt opp sjekkheftet)





poldco
22.05.2005 12:56
#17919

Endre


Heisann, som jeg har fortalt dere tidligere så har min eldste sønn vert i Kina i to år, han kom hjem nylig med en nydelig kinesisk svigerdatter til meg og min kone.

Skal oppfordre han til å skrive litt her (det er vel lov det LLx2), tenker han kan bidra med litt der han som har bodd midt i ''maurtuen''.





[Endret 22.05.05 12:56 av poldco]
dammerud
22.05.2005 13:01
#8873

Endre
Takk til deg Skipper.
Det er nesten som vi har vært gamle kjenninger i mange år.

Hvis du går inn på KINAFORUM MED MASSE LINKER
så er det mye interessant å lese fra Kina.
Vi har hatt mange forelesninger om maotiden og foreleseren i vårhalvåret redigerer denne hjemmesiden.

Det var et grusefullt 10 -år som også hadde sine utløpere til Norge og studentmiljøet på Blindern. var inne for tilleggsutdanning da og gikk sammen med ildrødw maoister som viftet med den lille røde.

Kulturrevolusjonen var i grunnen en antikulturrevolusjon..

heldigvis greidde de å snu(Fjellvettregelelen) og nå er det litt av en dynamo.
Re lanse ,så er det mange som har hoppet etter Wirkola og gjort det bra.

Det er viktig med innleggene fra "Stocktalkhopp"gjengen.

ha en fortsatt god helg.

PS. Ser at Poldco melder seg på i "EtterWirkolagjengen"
Velkommen skal dere være.

Jan


[Endret 22.05.05 13:03 av dammerud]
dammerud
22.05.2005 13:17
#8875

Endre
Plukket dette i SNI- topicen: via Future (gammel halm må til for å bygge dette opp til en god topic) Er det noen som har andre klipp. Kan være her et tips til å se på Snitopicen ellers og også andre selskaper som er kinarelaterte.

Jinhuitopicen er en egen topic som er godt ivaretatt.

Interessant å få relatert til norske bedrifter.

SNI - SNTG ESTABLISHES JOINT VENTURE IN CHINA

London - February 23, 2005 - Stolt-Nielsen S.A. (NasdaqNM:
SNSA; Oslo Stock Exchange: SNI) today announced that its
subsidiary, Stolt-Nielsen Transportation Group (`SNTG`),
has established a joint venture in China with Shanghai
Kingman Container Service Company Limited.

The joint venture company is called Shanghai Stolt-Kingman
Tank Containers Transportation Ltd (`SSKTCTL`) and has been
established to provide integrated, multi-modal tank
container services to China`s bulk liquid chemical and food
industries.

SSKTCTL will be managed and staffed by some of the most
experienced and dedicated personnel from the tank
container, transport and shipping industries and will offer
an array of services and support functions to meet the
growing demands of the Chinese tank container market for
bulk liquids, food stuffs and chemicals.

Commenting, Otto Fritzner, CEO of SNTG, said:
`This is a joint venture with considerable growth potential
and we are confident that the company will become
synonymous in China with quality, safety, innovation and
reliability. Through its local expertise, local network of
offices and depots, and diversified fleet of tank
containers, SSKTCTL is able to provide a one-stop solution
to meet the ever-increasing demands of the Chinese market.`

Kommentar: Spennende, rett og slett




[Endret 22.05.05 13:41 av dammerud]
skipper*
22.05.2005 20:06
#1365

Endre
Hei dammerud,
Ja nå har vi jo pratet på denne ST i flere år så det blir som du sier vi blir som gamle kjendte... men jeg må si at disiplinen på ST har forbedret seg meget etter betalingen ble innført...

Nå, var nå dette China Topicen og som sagt så var jeg der under Mao's tid... på den tiden var det ikke så mange nordmenn som gjorde business i China , men shippinge var et av de områder norske redere klarte å få til noe...

Det fortelles om en tidligere styrmann fra Rogaland som siden ble stor reder på China... han kjøpte gamle linjeskip og chartet disse til chineserne på lange T/C ... Blant Chineserne ble han den gang bare kalt "Arne from Norway "...
Under en Chinesisk delegasjon som kom til norge så var "Arne " den eneste personen de ville snakke med ,han hadde chinesernes tillit noe som er meget viktig... og er det fortsatt.

Når China startet opp med skipsbygging så var Gearbulk og avdøde Kristian Jebsen fra Bergen en av de første som bestilte en stor ordre av moderne skip bygget i China,
det var nok på grunn av prisen på nybygene , kvaliteten kom etter hvert, men det gikk fint til slutt...
Siden har det jo rent skip ut fra chinesiske verksteder til alle verdens redere..

En kan si at Chineserne får alt opp i hendene , vestlige eksperter kommer med tegninger, teknologi og kapital .

Så det enste chineserne må stille med er raske små hender som er billige i drift, god arbeidsmoral, ingen streiker , ingen arbeidsbegrensninger , 24 timers skift etc... det er faktisk suksessen til China... I tillegg til at chineserne er meget respektfulle og har nesten null kriminalitet ...

jeg tror China nå holder på å bli læremester for resten av verden....sesielt i Afrika ...og Asia..


dow
23.05.2005 17:31
#8052

Endre
Ikke så morsomt å være aksje investor i Kina.




[Endret 23.05.05 17:31 av dow]
lanse
23.05.2005 20:51
#6217

Endre
Det var vel dette jeg menta dammerud, mulig reversering i China nå se på $COP tidlig å si enda men verd å følge med på.


lanse
lanse
23.05.2005 21:02
#6218

Endre
dow [8052]
Symtomatisk dette att dow endrer innleggene sine, feigheten har sin pris.


lanse
lanse
23.05.2005 21:05
#6219

Endre
Forøvrig en svært interesang topic du startet dammerud, mye burde vært dedikert peggen.
Og dens påvirkning.


lanse
Bruce Wayne
23.05.2005 21:08
#6103

Endre
At aksjemarkedet i Kina ikke hadde gjort det noe særlig bra det siste året hadde jeg hørt/lest, men at det var så dårligt, og hadde vart så lenge, det var en overraskelse. Hvorfor shipping shortes over i lav sko på HK-børsen nå er jo også lettere å forstå nå.
dow
23.05.2005 21:22
#8057

Endre
BW

Det har med at det er delvis statseide selskaper og man regner med at markedet vil ha problem med å absorbere nedsalgene. Hang Seng har jo klart seg mye bedre.
lanse
23.05.2005 21:35
#6222

Endre
Poenget mitt dammerud er att du kan samenlignes med taxisjåførene,,,,,

Kanskje er vi i reverseringen, i Chinas påvirkning av den vestlige påvirkning,

BDI har en urovekkende utvikling for tiden.


lanse
lanse
23.05.2005 21:38
#6223

Endre
Opps, ser att feige dow er her også.


lanse
dammerud
23.05.2005 22:00
#8880

Endre
Til lanse:

Mitt motiv eller hva som fikk meg til å starte denne topic var kort og godt at jeg reiser til Kina til mandag
I forkant av denne turen som er litt spesiell fordi den arrangeres av en av folkehøyskolene i Norge som har egen Kinalinje ,er at deltagerne har i løpet av vinteren hat 9 tretimers forelesninger om kultur, historie, skikker, geografi og den økonomiske utvkling. Samtidig har vi den kinesiske kanalen vi får på parabolen og litteratur.
Spising med pinner og kinesisk gymnastikk har også vært på programmet.

Vi skal til Bejing og muren, Xian, Guelin i sør og noen dager i Shanghai.

Dette at Kina nå etter den såkalte kulturrevolusjonen snudde helt om gikk i en økonomisendringæra var så interessant og spennende at jeg opprettet denne topicen og prøver å følge med.
Det var det og ikke at jeg ville hoppe bedre enn Wirkola som gjorde at jeg opprettet denne topicen.

Anbefaler alle å se på linken fra
KINAFORUM MED MASSE LINKER


MVH.

Jan.

lanse
23.05.2005 22:05
#6229

Endre
dammerud [8882]

All respekt til deg dammerud og god reise, skulle nesten likt å følge deg.

Det jeg mener er att jeg håper du ikke blir blendet av reisen og att "den nye økonomien" kanskje er på hell.


mvh
lanse

PS. god reise
skipper*
23.05.2005 23:41
#1374

Endre
hei igjen dammerud, jeg skulle vært i seng,

men china historie og kultur er alltid interesannt

... derfor må jeg fortelle deg en sann historie fra gamledager da Capteinen alltid hadde boy såkalt "Captains Boy", det var forresten en av de mest respekterte stillingene blant det chinesiske crew...

Well, dette var en gammel Kaptein som drakk litt for mye og da kune han til tider være litt stygg med Boyen sin og gi han en ørefik ....
så en dag så var kapteine edru og hadde fått bonanger for at han hadde vært stygg med den gode boyen sin. Så han bestemteseg for å være snill med han for fremtiden... så han sa til til Kim ..."My dear Kim, from today I will never hit you more , you are a good boy, I am very sorry"
"Thank you my dear Captain, if so is true, I will stopp piss in you coffecup every morning before I serve you coffe , my dear Captain" ...

Så slik var china mannens hevn på overmakten... kapteinen...








[Endret 23.05.05 23:42 av skipper*]
[Endret 23.05.05 23:43 av skipper*]
Bruce Wayne
23.05.2005 23:57
#6107

Endre
Husker jeg kjøpte meg en en NAD-forsterker på midten av åttitallet, ble overrasket over at den var laget i Kina og hadde såpass høy produksjonskvalitet. Tenkte da litt over mulighetene Kina hadde, men det tok jo noen år...
Utmothavet
24.05.2005 00:38
#5271

Endre
Hei Dammerud
Ser du skal til Bejing og muren, Xian, Guelin i sør og noen dager i Shanghai.

Det blir en opplevelserik tur - har ikke vert i Guelin - men besøkte for 2 år siden Xian og Bejing på en uke, - det var i minste laget. Skulle brukt 4-5 dager til - for det ble hektisk.

Shanghai er jeg 3-5 ganger i året, og var der sist i april og neste blir mulig om en mnd.
Kulturell er denne byen en nedtur i forhold til dem andre, men et økonomisenter av dimensjoner. Skyskrapere og enorme boligblokker er kjennemerke. Vist du er der en dag med lite "forurensning" kan du ta turen opp i Orient Perle Tower (første perlen 278m over bakken), for å få god utsikt over havnen og en del av skyskraperne. Du må ta en tur på shopping "Kopi markedet" (kle, klokke, bagger, DVD etc.), for her kan du prute prisene til det hele blir morsomt - også for menn :-)
PS. viser du interesse for produktet - blir prisen høyere en den kunne blitt :-))

Ha en god tur

Kinesiske myndigheter sier de vil revaluere sin valuta, men sier at de ikke har noen tidsplan for når dette kan gjennomføres.
dammerud
24.05.2005 09:30
#8884

Endre
Takk for tipsene ,Utmothavet.
Gleder meg.

Til Skipperen:
En gammel halmhistorie.

Skipperen (kapteinen) og førstestyrmannen var ikke helt gode venner . Etter at en litt fuktig kveld og førstestyrmann på vakt, skrev kapteinen i loggboka " Førstestyrmannen ikke helt edru i dag" Nestkommanderende ble rasende og krevde det fjernet".Men nei", sa K." det er jo riktig"

Neste dag sto det i loggboka: "Kapteinen edru i dag".

K ble sint og forlangte det fjernet.
"Men stemmer jo", svarte førstestyrmannen.

Jan





[Endret 24.05.05 09:42 av dammerud]
skipper*
25.05.2005 09:10
#1379

Endre
Good Morning

Ser på Chinesisk TV CCTV Buiz-China ... og der refereres en chinesisk høytstående finans politiker som sier at
" Revaluering av den Chinesiske valutta vil være et setback for Chinese økonomi "..... så noen revaluering tror jeg amerikanerne kan glemme... det er jo de som kjører presset for revalueringen av den chinesiske valutta ..

Og for norge og Norges Bank blir det liten hjelp å få på prisstigningen for china importen på sko, tekstiler m.v... så norsk rente blir nok ikke satt opp på lenge..........

Chineserne begynner nå å ha tilstrekkelig økonomisk markeds makt til å styre seg selv og sin egen økonomi..

EU's Ministeren som var på CCTV i dag, og diskuterte Chinesisk tekstil idustriens export til EU , han mente det var ingen motforestillinger av noe slag der i gården mellom China og EU.....

Så verden kommer til å bli oppdresset med China klær så lenge verden består , ser det ut for ...

Så mitt reiseråd .........dammerud
ta minst mulig med deg i kofferten, du får alt i china... ha en fin tur !!!









[Endret 25.05.05 09:13 av skipper*]
lanse
26.05.2005 20:22
#6253

Endre
Mye ifra China er tatt ut, som alltid så er "taxisjoførene" i bakkant.


lanse
dammerud
27.05.2005 07:38
#8906

Endre
Sykler du lanse?

Kina er den "store stygge ulven" re oljebehovet.

Fra Aftenposten:
Sykkel taper for bil i Kina
For 15 år siden hørte Beijings sykkelstier til de beste, sikreste og triveligste i hele verden. Det var en mektig følelse å bølge frem med klyngen av syklister på vei hjem fra jobben. Syklistene eide gaten.
TORBJÖRN PETERSSON
Beijing

Bilen er i ferd med å fortrenge sykkelen som fremkomstmiddel i Kina. Her må syklistene ta i bruk all sin fantasi for å finne en vei gjennom bilkøen i sentrum av Beijing.

I dag gjøres den kinesiske hovedstadens sykkelveier smalere, mens det legges til en fil ekstra og parkeringsplasser for kjøretøy med motor. Syklistene har etter hvert fått samme rettigheter i Beijing-trafikken som plankton har i verdenshavene; hvis de ikke holder seg unna, er det slutt for dem.

En folkestimmel står bøyd over en sykkel som akkurat har kollidert og ligger forvridd i et gatekryss. Ved siden av ligger det et livløst menneske som ikke hadde den minste mulighet til å komme seg unna på sykkelen. Det er et skremmende, men ikke spesielt uvanlig syn.

Sterk vekst.

For hvert år er bilparken i Beijing vokst med 200 000 kjøretøyer; nå er den på to millioner. Det er nok å betrakte nybygde veier og ringveier for å kunne fastslå hvilken type fremkomstmiddel som prioriteres. Ved slutten av fjoråret sluttet byen med den tidligere obligatoriske sykkelregistreringen.
For 20 år siden var sykler fremdeles en av de største anskaffelser en familie gjorde i løpet av en generasjon. I dag er sykkelen nedgradert og ses på fremfor alt som et billig fremkomstmiddel for fattige.
- Politiet pleide å stå i denne gaten for å innkreve sykkelskatten på fire yuan pr. år (ca. det samme i kroner), men nå er den skatten fjernet, sier Wang Shifeng, som er vakt ved en parkeringsplass for sykler utenfor et kontor i sentrum av Beijing.
Raseri.

Mange syklister ble sinte og nektet å betale skatten da de merket at sykkelstiene etterhvert ble overtatt av bilene. De lokale trafikkmyndighetene tok protestene på alvor og avskaffet skatten. Det var ikke verdt bryderiet å bruke arbeidskraft til å kreve inn bare fire yuan pr. syklist.

Da skatten forsvant, ble det oppfattet som et klart tegn på at det virkelig gikk mot slutten for Kina som "sykkelens rike", og at landet gikk over til å dyrke bilen.

- Men fremdeles finnes det flere syklister i trafikken enn det er bilister, selv om syklistene ikke kan ses like mye som før, sier sykkelparkeringsvakten i Beijing sentrum.

Tettere i Nederland.

Guo Haiyan, som er nestformann i foreningen til sykkelens fremme, holder frem en diger bunke med statistikk og fastslår at det fremdeles finnes nesten 10 millioner sykler i Beijing.

- Det er blitt vanskeligere å bruke sykkelen, og de som har råd, skaffer seg bil i stedet, men det er fortsatt mange som sykler i bolig- og studentkvartalene, sier hun.

Kineserne er med andre ord fremdeles et syklende folk, men sykkeltettheten pr. innbygger er faktisk større i Nederland enn i Kina.
Guo Haiyan i foreningen til sykkelens fremme roter frem mer statistikk: Det er 470 millioner sykler i Kina, mot bare 20 millioner registrerte biler. Kina produserer 70 millioner nye biler hvert år, hvorav 50 millioner går til eksport.
Jeg glemmer å spørre henne om foreningen arbeider for å påvirke myndighetene for å tillate lys på syklene etter mørkets frembrudd. Hvis sykkellykt brukes i dag, anses det som et lovbrudd, for med sykkellys risikerer man å blende møtende bilister.

I stedet skjuler Beijings mørklagte forsteder på kveldstid mange syklister som tråkker omkring med livet som innsats.
Sitat slutt.

Konklusjon.
Bedre økonomi gir mulighet for kjøp av bil.
Bilen trenger veier, parkeringsplasser og ikke minst drivstoff.
20 mill nye kinesiske biler til eget bruk hvert år + import ? skaper et enormt behov for drivstoff.
Jo bedre økonomi jo flere biler jo mer drivstoffbehov desto mer oljeimport desto sto større press på oljeprisen desto raskere minsking av reserver osv > Peak oil.
Jan




[Endret 27.05.05 07:38 av dammerud]
dammerud
27.05.2005 14:00
#8910

Endre
ITfremstøt fra Kina i Norge !!!!!!

ZTE builds NMT’s CDMA network in Norway

Timo Poropudas

Nordic Wireless Watch - May 27, 2005 at 04:04 GMT





ZTE Corporation, China’s largest listed telecommunications manufacturer and leading wireless solutions provider, on Thursday unveiled Europe’s first CDMA-based digital trunking network in Oslo, Norway.

The network, built for NMT (Nordisk Mobiltelefon AB), is one of the pioneering technologies for Norway’s broadband mobile public services, special enterprises and professional subscribers. The network is based on ZTE’s GoTa (global open trunking architecture) technology, the world’s first CDMA-based trunking technology.

NMT has secured a license for the 450MHz band in Norway and in Sweden. It is bidding for the same radio frequency in Finland.

MobileMonday has invited all the Finnish bidders to a public discussion forum on Monday, June 6 starting at 18 o’clock in Restaurant Teatteri in downtown Helsinki.

The NMT network will cover the whole of Norway and phase I of the project is scheduled to be completed by June this year. A variety of services, including voice, high-speed data, professional trunking, and value-added services such as location, video monitoring, streaming media, cell broadcast and VOD, will be available to customers in Norway via the new network.

The network follows a successful demonstration of ZTE’s GoTa technology last year and the signing of a contract with NMT in December 2004.

“The demonstration of our technology last year received high praise from the Norwegian government,” said Fang Rong, Vice President of ZTE’s International Division. “The GoTa system’s feature-rich services, high spectrum efficiency and high data rate were particularly noted.

“ZTE is extremely proud of its position as a leading supplier of CDMA and its development of GoTa – the world’s first CDMA-based digital trunking mobile communications system – and we are very pleased to be bringing this technology to Europe.”

As a 3G-based technology, GoTa offers significant advantages over traditional 2G-based trunking systems, offering high-speed data services, smooth migration to all-IP, low installation costs and high-quality voice services.

ZTE offers a full CDMA portfolio, from network products to service platforms, service applications and terminals, all of which are in use around the world. ZTE’s GoTa system has been successfully deployed in more than 15 countries, including China, India, Indonesia and Brazil, and has become one of the world’s major digital trunking technologies.

Related News

dammerud
28.05.2005 08:27
#8925

Endre
Power plant needs generate business
(China Daily)
Updated: 2005-05-25 08:56

A host of infrastructure projects in China's energy sector are being pushed forward to satiate the country's soaring energy demands, a senior official from the National Development and Reform Commission (NDRC) said yesterday.

Addressing the Higher-level Forum on China's Energy Strategy of the eighth China Beijing International High-Tech Expo yesterday in Beijing, NDRC Vice-Minister Zhang Guobao said the central government has planned a raft of projects to ensure energy supply by promoting nuclear power, hydro-power and other renewables, and the liquefied natural gas (LNG) sector.

"We have completed the blueprint to build large scale LNG facilities across the country," said Zhang, referring to the LNG projects in Guangdong and Fujian in South China currently under construction.

Many gas companies, both foreign and domestic, such as Sinopec, PetroChina, China National Offshore Oil Corp (CNOOC), BP and Shell, have shown interest in China's LNG sector and submitted proposals to the top policy maker, the NDRC, to build LNG terminals close to China's coastal cities.

These pending gas projects could be in line with the policy planner's blueprint layout.

The country will also put an intensified focus on developing nuclear and renewable energies to generate power, Zhang indicated.

"The renewable energy law passed earlier this year has set a target to generate 20 million kilowatts of power using renewables by 2020," said Zhang.

Wind power will be the focus of much development, said Zhang, given China's huge land mass which has great potential for application of the technology. The word's second largest energy consumer after the United States will offer public tenders to global wind power equipment vendors to build several 1,000 megawatt (MW) wind power plants across the country, said Zhang.

These wind power plants will be located in China's wind-rich areas such as Jiangsu in the east, Guangdong in the south, Inner Mongolia in the north and Jilin in northeastern China.

On the nuclear power front, the State Council has recently approved projects to extend the Ling'ao plant in South China's Guangdong Province and the Qinshan plant in Zhejiang Province.

Two 1,000-MW nuclear reactors will be added in the Ling'ao phase two project, said Zhang.

A further two 650-MW reactors will be put into the phase two project at the Qinshan plant.

China has vowed to increase nuclear power generation fourfold to 40,000 megawatts by 2020. It will eventually account for 4 per cent of the country's installed capacity - which means at least 30 new nuclear plants will need to be built within 15 years.

According to industry insiders more reactors are planned for Liaoning, Shandong and Guangdong.

The bidding process has recently been concluded for construction of 12 hydro-power generation units for the right bank power plant of the Three Gorges Project, Zhang added. The plant is expected to go operational in two to three years.

Surging energy demand and hefty investment in the energy sector have boosted rapid growth in China's equipment manufacturing industry and raw material production, said Zhang.

The fast expansion of the gas and power industry have provided a large number of orders to steel makers, ship builders and electric power equipment suppliers both in China and abroad.

China's large industrial producers such as Baosteel, Dalian Shipyard Co Ltd and other foreign power transmission & generation equipment makers such ABB, Alstom are all competing to supply the market Zhang said.


dow
30.05.2005 07:09
#8180

Endre
Det drar seg til i textil krigen

TOKYO (MarketWatch) -- China will abolish export tariffs on a total of 81 categories of textile products beginning June 1, while scheduled tariff increases on another 74 categories of textiles will also be scrapped, according to published reports Monday.

Remove is apparently in response to U.S. import quotas imposed on some Chinese products earlier this month. See full story.

China's ministry of finance said in a statement on its Web site that the export duties it has charged on 78 types of textile products since Jan. 1 will be removed and it will also scrap plans to impose duties on exports of flax yarn.

China also restated its previously announced plans to end duties on two other types of textile products.

China's reversal of the decision to voluntarily impose and increase tariffs on textile exports comes just days ahead of a planned visit by US Commerce Secretary Carlos Gutierrez, who is expected to raise the issue with Chinese authorities, according to AFX-Asia.

The move follows decisions by the U.S. and the EU to set new curbs on imports of Chinese made textile products after a steep surge in shipments this year.

Trade friction is rising around China's textile exports, as its shipments of certain products to U.S. and European markets soared as much as 500% in the first quarter of this year. A global quota system expired at the end of last year.

Earlier this month, the Bush administration said it will re-impose quotas on Chinese textile imports, ruling that the imports pose a threat to the U.S. clothing industry
OldNick
01.06.2005 00:27
#2426

Endre
AFX News Limited
China exploring ways to use forex reserves to buy oil - report
05.30.2005, 11:56 PM

BEIJING (AFX) - China is exploring ways to use some of its huge foreign exchange reserves to buy imported oil, the Shanghai Securities News reported, citing an unidentified source.

The newspaper said the plan, which was first proposed as early as 2000, would reach the twin objectives of making better use of the nation's foreign exchange and ensuring vital oil supplies.

The paper quoted Li Yang, a senior economist at the Chinese Academy of Social Sciences and a former member of the monetary policy committee under the central bank, as saying the plan to use foreign exchange reserves to build up strategic oil reserves is reasonable.

But he said the biggest obstacle to the plan is coordinating the actions of various government ministries and departments.

China had foreign exchange reserves of 659 mln usd as of the end of March.

A number of economists have recommended that China diversify its reserves, which are still heavily weighted towards US dollars.

In March, Guo Shuqing, director of the State Administration of Foreign Exchange, suggested China could use some of its foreign exchange reserves to purchase imported oil.

He also said at that time: 'Such a move would not cost us too much of our foreign exchange reserves... Purchasing 100 mln tons of oil would require only some 30 bln usd.'

China is already planning to build a strategic oil reserve though actual stocking of the reserve is said to be moving ahead slowly.

Niu Li, a researcher on global oil issues with the State Information Center, was quoted in the Shanghai Securities News today as saying the government should speed up this plan to shift reserves into oil in order to reduce investment risk.

......

Det har vaert snakk om aa bygge opptil 550 mill. fat reservekapasitet, men forelopig er ca. 30 mill. fat anlegg meldt under bygging.
dammerud
14.06.2005 23:11
#8967

Endre
Re Kina.
Jeg kom hjem i går etter en rundreise i Kina og Der går det så energien står på.

1. Motorveibyggingen går for fulle mugger.
2. Millioner av nye biler på veiene
3. Millioner biler bestillt til O.L i 2008 (spesielt drosjer)
4, Trafkkkaos i de fleste byene jeg var inne i.
5. ca 100 millioner kinesere har så god økonomi(meget god økonomi) at de har råd til ny bil.
6. Har reist litt på kanalene . Millioner av elvebåter som frakter kull(enorme mengder) byggematerialer og gods. osv .
De har dieselmotorer.

7. Overaskende .
Flere airconditinannlegg enn i USA.

Beijing har 14 mill innbyggere,trafikkaos og jeg antar flere millioner airconditionannlegg.
mestepartem av gamle Bejing er borte og nye 20 etasjers blokker gror opp som pattehatter samt en rekke finansinstitusjoner.

Shanghai med sine 16 mill inbyggere med store bygg, skyskrapere og bygging i forstedene og svære bilfelt i flere etasjer og en enorm trafikk. Tusenvis av nye boligblokker bygges. Alle har en airconditionkasse utenfor.

Her er det enorme tall.

Det er store kullforekomster i China og masse gruveulykker.

Moderniseringen fører til øket behov for energi.
I Shanghai er det nærmest strømrasjonering fra kl. 10 om kvelden.

Moderniseringen av bilparken har vært rettet mot personbiler og det er stort sett meget nye biler på veiene.
Lastebilene er av en eldre dato.

1300 millioner kinesere er i gang.

Og oljen er en viktig del i denne utviklingen.

Jan



[Endret 14.06.05 23:11 av dammerud]
Gomle
14.06.2005 23:15
#1871

Endre
flott innlegg Hr. Dammerud.
Tyren
15.06.2005 00:06
#2555

Endre
De sa på CNBC i dag at boligprisen var ned 20% i Shanghai siste år, og ant. boligsalg ned 70%. Rart... mulig jeg hørte/så feil.
dammerud
15.06.2005 06:14
#8969

Endre
Til Tyren. Det er riktig. Myndighetene satte med nye regler en stopp for den kraftige økning i boligprisene. masse boliger ble også bygget spekulativt for å tjene på stadig økende boligpriser.

Fyller opp med bakgrunnsstoff.
Hadde en kjempefin tur rundt i Kina, meget lærerik og via forelesninger så oppfattet, og lærte (Learning by knowing)
utrolig mye.
Særlig i elvebåt på noen av kanalene ga meg en bakgrunnsinnfo som jeg ikke tror mange europeere har vært borte i .
Millioner av elvebåter som tar tungtransporten langt inn i Kina og i et finmasket nett av store og små kanaler.

Hva var det som dro i gang denne økonomiske oppgang.
President Ding (72 år den gangen og han blir hyldet og lovprist nå , men Mao er meget lavt nede) åpnet Kina og sa at Shanghai skulle være dragekjeften som som åpnet seg for verdens handelen.
Men president Clinton gjorde sitt:
Her er en bakgrunnsstudie hentet 15.juni 2005;

PBS.

U.S trade with China. Expectations vs. Reality

av Ned Barker



A closer look at the debate over U.S. trade with China: What has been the result of permanent trade relations and China's entry into the World Trade Organization, how much does the trade deficit matter, do the Chinese have unfair advantages and what's the outlook going forward?

In the late 1990s, Washington was a sharply divided political city, but there was a growing consensus on one big issue. Most Republicans and Democrats agreed that trade with China would be a boon for America.

President Clinton summed up the mainstream consensus in Washington with a message to Congress in the spring of 2000. In a letter circulated to House members, he wrote, "China with more than a billion people is home to the largest potential market in the world… If Congress makes the right decision, our companies will be able to sell and distribute products in China made by American workers on American soil, without being forced to relocate manufacturing to China. …We will be able to export products without exporting jobs."
Her tok Clinton 100 % feil. Amerikanske foretak etablerte seg med skattefritak, PSA og billig arbeidskraft fra Kina.
Kina utdanner nå 400 000 ingeniører i året og 100 000 er og har vært studenter i USA. Det er store tall , men så er det enormt mange mennesker i Kina.)

Clinton was pushing Congress to permanently normalize trade relations with Beijing, helping to ease China's entry into the World Trade Organization (WTO). Big business was furiously lobbying Capitol Hill in favor of the legislation. It saw China, with its 1.2 billion consumers, as a vast new emerging market and many parts of Corporate America wanted a piece of the action.

Just weeks before the legislation received the president's signature, Robert Burt, chairman of the Business Roundtable, an association of CEOs of leading American corporations, spoke boldly about the future. "This historic legislation will be remembered as the key that opened the door for America to sell its products and services to the world's largest emerging marketplace," he declared.

Other executives around the U.S. were equally strong in supporting U.S. trade with Beijing, and China's efforts to get into the WTO because they reasoned that China would then be required to play by the same trading rules as the WTO's other members. Moreover, as Europeans rushed to do business in China, American corporate captains did not want to be left behind. They worried that unless the U.S. backed the move, they would lose out to the Europeans, a worry Chinese officials played upon effectively from time to time during the 1990s.

On Capitol Hill, legislation to normalize trade with China got overwhelming bipartisan support in the Senate, where it passed, 83 votes to 15. Even in the House, where Democrats were split on the issue, the president received support from three-quarters of the Republicans, and the legislation passed by a wide margin, 237 to 197.

President Clinton signed the legislation at the White House in early October, and China joined the WTO 14 months later, on Dec. 11, 2001.




[Endret 15.06.05 06:27 av dammerud]
[Endret 15.06.05 06:52 av dammerud]
dammerud
15.06.2005 06:16
#8970

Endre
So How Did the U.S. Trade Opening with China Work Out?

For many, America's trade with China has not lived up to the enthusiastic advance billing from the Clinton administration, its Republican supporters on Capitol Hill and Corporate America.

Expanded trade with China has, in fact, been a blessing for large U.S. multinationals like Boeing, Caterpillar, and Cargill, which had trumpeted the prospect of a massive Chinese market for American products and services. China is the world's fastest growing market for commercial aviation, and needs billions of dollars worth of airplanes from Boeing. Its growing infrastructure has been a boon for companies like Caterpillar, which produces tractors and other heavy equipment. And it is importing billions of dollars worth of farm products, a boon to companies like Cargill. Last year, China bought $2.9 billion worth of soybeans -- the top U.S. export crop to China. China also has proven to be a growing market for U.S.-made fertilizer and chemicals.

But China has been a tougher market to crack for smaller and mid-sized American companies, like those selling bicycles, vacuum cleaners, and lawn mowers, who face stiff price competition from Chinese manufacturers of these products. And they also face discriminatory rules, burdensome red tape, language difficulties, and a population that earns only a fraction of what U.S. consumers make, and therefore lacks the purchasing power to buy consumer goods made in America.

Yvonne Smith, the communications director at the Port of Long Beach, literally sees the imbalance in U.S.-China trade. She reports that through Long Beach alone, the U.S. is importing $36 billion in goods yearly from China and exporting just $3 billion. By her account, the mix of products is very unfavorable to the U.S.

"We export cotton, we import clothing," Smith reports. "We export hides, we bring in shoes. We export scrap metal. We bring back machinery. We're exporting waste paper, we bring back cardboard boxes with products inside them."

Overall, the U.S. trade deficit with China reached a record $124 billion dollars in 2003 and the figure is headed even higher this year. Today, U.S. imports from China outpace U.S. exports to China by more than five to one, and the deficit shows no signs of abating.

These deficits are much larger than the trade deficits that the United States experienced in the 1980s and 1990s with Asian trading partners such as Japan. Put in historical perspective, America's current trade deficit with China is roughly double what it was at its height with Japan in the mid-1980s, when trade frictions between the U.S. and Japan led Sen. Lloyd Bentsen (D-Texas) to famously declare on the floor of the U.S. Senate: "We're in a trade war, and we're losing it."

dammerud
15.06.2005 06:19
#8971

Endre
Does the Trade Deficit with China Matter?

Economists disagree about the significance of the U.S. trade deficit with China. The U.S.-China Economic and Security Review Commission, a 12-member panel set up by Congress several years ago to report annually on our relations with China, says the burgeoning trade deficit is a matter of "long-term economic health and national security" for the U.S.

Conservative economist Paul Craig Roberts, who served in the Reagan administration, predicts the trade deficit will cause a crash of the U.S. dollar before long, and warns that the U.S. will wind up having a third-world economy, supplying raw-materials to other countries, who then ship back finished goods to the U.S. Economist Larry Mishel, president of the liberal Economic Policy Institute, contends that the trade deficit with China has cost the United States more than a million jobs over the past decade.

But free-traders like Washington Times columnist Bruce Bartlett argue that the U.S. can afford high trade deficits with countries like China because China and other countries from which we buy consumer goods turn around and invest roughly $500 billion a year of their capital in the U.S. economy.

"Economic theory tells us that if we ever reach the point where it becomes a problem, there is an automatic adjustment mechanism, which is that the dollar will fall in value," Bartlett says. "When the dollar falls, then that makes U.S. exports cheaper on the international market in terms of foreign currencies and it makes imports more expensive in terms of dollars."

Brink Lindsey, economist and vice president for research at the libertarian Cato Institute in Washington, adds that the bilateral trade deficit with China should not worry Washington. "Bilateral trade deficits don't matter at all -- except politically," Lindsey asserts. "It's an eyesore, politically, that we sell less to China than we buy. And it drives up protectionist pressures, so in that sense it's something to be concerned about. But as far as economic fundamentals, the fact that we run a trade deficit with China doesn't particularly matter. What matters is our overall trade balance."

However, it is the overall trade balance, now running at more than $500 billion a year, that worries some on Wall Street, as well as economists such as Larry Mishel.

"We have a trade deficit now that's running around 5 percent of GDP," says Mishel. "This is very large by historical standards, and you run the risk of foreign investors losing confidence in the United States, pulling back from the dollar, the exchange rate falling, and interest rates rising, and all that could cause a major recession in the United States."
Dette avsnittet illustrerer det som skjer i Kina:

Another reason for concern about the trade deficit with China among American industrialists and the U.S. labor movement is the size of China's massive population. With a workforce that is far larger than the combined populations of Japan, Korea and the other so-called "Asian Tigers," China is fast becoming the world's primary factory, producing everything from footwear, clothing, furniture, toys, and computers to big-screen television sets, lasers, space components and huge port cranes.

Analysts concerned with long-term U.S. economic security see China's seemingly inexhaustible supply of cheap labor, coupled with the Chinese government's commitment to a rapid development strategy and the movement of Chinese industries into high-tech sectors, as posing a long-term threat to American producers across the board.





[Endret 15.06.05 06:22 av dammerud]
nedfortelling
15.06.2005 07:55
#3289

Endre

Sterk produksjonsvekst i Kina
Av TDN Finans

Industriproduksjonen i Kina steg 16,6 prosent på årsbasis i mai sammenliknet med måneden før.

Dette viser foreløpige tall fra kinesiske myndigheter offentliggjort onsdag, ifølge Bloomberg News.

Ifølge en sammenstilling foretatt av Bloomberg News var det på forhånd ventet en oppgang på 15,8 prosent på månedsbasis.

I forrige måned steg industriproduksjonen med 16,1 prosent på årsbasis.

Så langt i år er industriproduksjonen i Kina opp med 16,3 prosent sammenlignet med samme periode i fjor.

dammerud
15.06.2005 08:03
#8973

Endre
Re produksjonen, så er det mest i lavteknologi som silke, klær, sko osv. viderefoeredling av innkjøpte produkter.
var på 3 silkefabrikker under mitt besøk og voldsom produksjon av silkeprodukter so er av meget høy kvalitet.
Kjøpte selv silkedyner, skjorter, jakker og andre relaterte silkevarer.
Anbefales å kjøpe silke i Kina.

Her finner du infoen om forholdet Kina - USA

forholdet USA - Kina




[Endret 15.06.05 08:34 av dammerud]
sentrum
15.06.2005 08:56
#862

Endre
Utrolig dette med Kina, var selv en rekke ganger i Shanghai i perioden 1986 til 88.
Bybilde den gang var preget av sykkler med trafikkpoliti som dirigerte traffikken fra bambustårn i veikanten.
Ikke en skyskraper å se men men som nå en utrolig forurensning forårsaket av kullfyrte ovner.
McStock
15.06.2005 12:00
#621

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Jeg syns det er et par aspekter som mangler her.

For det første er det jo ikke slik at Kina kan fortsette å stjele markedsandeler og arbeidsplasser fra USA og verden forøvrig fortsetter som om ingenting har skjedd. Kinas vekst er i all hovedsak eksportdrevet. Og størstedelen av eksporten kjøpes av amerikanere for penger de har lånt av Kina. Når den dagen kommer, og jeg tror tidligere heller enn sent, at amerikanerne ikke har råd til å opprettholde sitt overforbruk vil det ramme Kina hardt. En markant nedgang i eksport til USA vil gi umiddelbart utslag i betydelig overkapasitet i produksjon. Det blir Kinas første virkelige test som en kapitalistisk nasjon.

For det andre er det, som tidligere nevnt på topicen her, relativt enkle varer Kina vokser på. Når det gjelder mer avansert teknologisk utvikling ligger Kina mange tiår etter den vestlige verden og Japan. Selv med de utdanningstallene for ingeniører som du refererte, dammerud, så vil Kina måtte legge ned enorme satsinger innen grunnforskning før de har mulighet til å representere en reell trussel innen utvikling av ny teknologi. Med fare for at jeg ikke husker tallene rett så mener jeg Kinas satsing inne grunnforskning for 2004 var noe sånt som 1/100 av USAs. Dette gjelder forøvrig ikke bare teknologi, men også medisinske aspekter.

I tillegg har de en markeds- og finansstruktur som totalt mangler erfaring i håndtering av opp- og nedturer i økonomisk utvikling. Alt i alt har Kina en enormt lang vei å gå, og den veien kommer til å ha både mange dype nedturer og høye topper.
josteinih
15.06.2005 12:18
#19

Endre
Veksten i Kina er så enorm at flaskehalser som forhindrer videre vekst kan gjøre seg gjeldende. Hva kan stoppe Kinas vekst fremover?
- Mangel på energi, spesielt olje på kort sikt
- Stål (ser ut til at problemet er forbigående)
- Mangel på andre råvarer?
- Revaluering av Yuanen

En ressurs som derimot ikke er en flaskehals er størrelsen på arbeidsstyrken.

Tipper peak oil om noen år setter en stopper for Kinaeventyret...
dow
15.06.2005 12:36
#8279

Endre
Verden er inne i et eventyrlig bullmarked i boligpriser. (Se bare på prisene i Norge). Dette er mye drevet av investeringer fra store fond og finansinstutisjoner og har blitt drevet av lav real rente som følge av at billig arbeidskraft i Kina har gitt verden mulighet til å vokse uten for mye inflasjon. Dersom dette er en boble som sprekker vil veksten i Kina og alle andre land stoppe rimelig kjapt med deflasjon som resultat og da sitter kineserene med en haug av overkapasitet og gigantisk arbeidsledighet. Opptøyer og krav om demokrati vil igjen bli tema. En oljekrise kan trigge et worldwide krakk i boligmarkedet. Foreløbig så er det kun Australia og UK som har sett nedganger i boligprisene sannsynligvis trigget av rentehevinger i disse to landene.
josteinih
15.06.2005 12:46
#22

Endre
Dow,

Enig med deg der. Jeg frykter at vi står foran en periode med økende inflasjon i den industrialiserte delen av verden. Både økte transportkostnader og redusert global vekst følger av høye oljepriser. De billige produktene fra Kina blir ikke så billige lenger, og hvor skal eksportveksten komme fra? Det blir i hvert fall ikke til USA som har mest å tape på et peak oil scenario som er i ferd med å matrialisere seg.
McStock
15.06.2005 12:53
#624

Endre
Aaaaahhhhh hvor det skal bli deilig med litt skikkelig krisestemning i økonomien. Scenarioet dow tegner må komme, det er helt uunngåelig. Det et er bare et spørsmål om tid. Ubalansene i verdensøkonomien må korrigeres.

Her skal shortes eiendomsselskaper og retailsjapper (les walmart/kmart) i mengder. Så snart timingen blir rett - foreløpig har jeg bomma litt med timingen når det gjelder short dollar, men tålmodighet vil gi resultater...
dow
22.06.2005 23:48
#8414

Endre
He added that in addition to making equipment in China, Cisco plans to outsource much of its research and development to China
Utmothavet
23.06.2005 00:54
#5481

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Velkommen hjem dammerud.
Ser Dammerud har vert i Kina - men har problem som meg å gjengi opplevelsen. Shanghai har i dag mere en 20 mill mennesker - når noen snakker om 16-18 mill er det registrerte med "pass" fre en provins til en annen. .... alle uregistrerte er ikke med.

Har fra mine siste turer til Kina (3-4 ganger i året) skrive litt på JIN tropicen, - men energi krisen kan velte og delvis stoppet veksten i Kina. Industrien må stoppe 2 av 7 dager i uken, - grunnet strømm mangel.

Industri vekst er enorm, og da ikke mest av Kinesiske bedrifter, - men en rekke land fra hele verden. Spesielt er Taiwanske selskaper i flertall i en rekke byer, - og største innbygger tallet i noen by utenfor Taiwan ligger 1-2 timer utenfor Shanghai.... med mere en 1500 bedrifter..... og samme by her ca 500 bedrifter fra andre land. Nabo byen har nesten samme situasjon......

Ser noen mener USA er en viktig faktor i Kina bilde - tror ikke det - ikke for Kina, - men for USA. Har hatt med kunder fra USA til Kina - og alle er meget overrasket av dagens Kina. Den som ikke har vert der siste 10-12 år..... glem historie og bli oppdatert. Dersom en reiser inn i landet - eksempel Xian - kan se likhetsrekk - men også der er industri revulusjonen merkbar. Industrilønn rundt Shanghai er høy (180 USD pr mnd) men dersom en ser på alle andre provinser - er lønns kost langt lavere (faktisk 30-50% av Shanghai).

Staten bygger enorme mengder med motorveier - men veksten i bilpark er større - og veiregler er sterkt mangel full - og andre billister stoler ikke på andre billister.... Kanalene vil være en viktig del av ifrastrukturen i mange år ennå. Vist ikke denne eksisterte ville det bli total sammen brudd i infrastruktur.

Effektivitet snakker vi om i Norge - men vi skal lete lenge etter "arbeidere" som er mere effektive en i Kina. Er i Russland nå - og her blir det importert mange Kinesere. Det eneste dem klager på - er for korte arbeidsdager - dem ønsker å jobbe minimum 12 timer....
Min påstand; Kina klarer seg uten USA - men ikke omvendt ...
dammerud
26.06.2005 07:55
#9030

Endre
Takk for innlegget ditt, Utmothavet.

Var i to av de nye industribyene utenfor Shanghai. Med tipp/topp moderne utenlandske bedrifter. Voldsom byggevirksomhet . Og biltrafikken er enorm . Bare nye flotte biler.

Ikke mye svinger på lavsletta skal jeg si deg.

I et område med høyt grunnvann og med tusener av fiskedammer og rismarker satte de opp pillarer kilometer på kilometer snorrett så langt jeg kunne se for å ha veikroppen godt over flomnivået.
3 kjørebaner i hver retning.

Du nevnte kanalene og elvebåter.
Det finnes millioner av disse , mange.

Jan.
dammerud
26.06.2005 08:12
#9032

Endre


--------------------------------------------------------------------------------

June 26, 2005
With Bid for Unocal, U.S. Struggles on China Policies
By RICHARD W. STEVENSON
WASHINGTON, June 25 - President Bush's initial response to the proposed takeover of a major American oil company by a Chinese rival has been to duck. It is not hard to see why.

The $18.5 billion offer by the China National Offshore Oil Corporation for Unocal, which had already made a deal to be acquired by the American oil giant, Chevron, is forcing the administration to confront its own internal rifts over whether China should be viewed as friend, foe or something in between.

It is putting a spotlight on a host of related economic and foreign-policy issues - from North Korea's nuclear program to America's growing dependence on foreign capital and the upward pressure on gasoline prices caused by China's thirst for oil - that defy easy solutions.

Hardly a week goes by without Mr. Bush vowing to make America less dependent on foreign sources of energy, so any deal that increases that dependence - or is even perceived as doing so - would create a problem for him.

And the situation has left the administration once again confronting the likelihood that its numerous ties to the oil industry will become a political issue.

"It's nothing but a headache for them," said James B. Steinberg, who was deputy national security adviser under President Bill Clinton.

For now, the administration is in a holding pattern. With no deal yet agreed to, Treasury Secretary John W. Snow told the Senate Finance Committee on Thursday that the issue remained hypothetical. The White House has avoided substantive comment on the matter.

People inside and outside the administration who are involved in the matter said the White House would do its best to avoid taking a position for a while by referring a deal, if one is completed, to a body known as the Committee on Foreign Investments in the United States, which reviews sensitive acquisitions by companies from abroad on the basis of national security.

"We have so much on the plate with China," said an adviser to Mr. Bush, who would speak only on the condition of anonymity because the president discourages unauthorized discussions about internal deliberations. "How do you come down hard on them for this deal?"

Dealing with energy policy has always been politically fraught for Mr. Bush, who got his start in business in the mid-1970's as an independent oilman in West Texas and who has often been cast by his opponents as a tool of the oil industry. Vice President Dick Cheney is even more of a lightning rod for that type of criticism, having led Halliburton, the giant oilfield services company, before joining the Republican ticket in 2000.

Secretary of State Condoleezza Rice was a director of Chevron for a decade before Mr. Bush's election, and even had a Chevron tanker named for her. (The tanker has subsequently been renamed.)

Even if he were inclined to take a strong stand on the takeover, Mr. Bush would still have to navigate divisions among his advisers over how to proceed.

In recent months, the Pentagon and the State Department have been taking a harder line toward China, reflecting a broader push by conservatives in and out of government.

In a speech in Singapore this month, Defense Secretary Donald H. Rumsfeld criticized China for stepping up military spending in the absence of an obvious threat, and said growth in political freedom in China has not matched economic growth. State Department officials have been blunt in stating that China has not done enough to use its economic clout to press North Korea into serious negotiations about ending its nuclear program.

Even before the oil deal was in the headlines, the White House was working furiously to file the rough edges off a soon-to-be-released Pentagon report on China that described the country as a potential military threat. And in just two weeks, Ms. Rice is expected to land in Beijing, pressing anew for help on North Korea and making the point that if the North refuses to give up its nuclear program, the administration wants China to join in on sanctions. The Chinese have made clear they want to avoid that at all costs.

But if Mr. Bush's national security advisers have tended toward a more hawkish view of late, his economic team has by and large viewed China as a vast market to be opened, a vital source of capital for the United States and a country whose political liberalization can be encouraged through economic engagement. Taking punitive action against China now, Mr. Snow told the Senate Finance Committee on Thursday, would be counterproductive.

It is still not clear where some of the major players in the internal debate, especially Mr. Cheney, the primary architect of the administration's energy policy, may come out.

"It will require some presidential leadership to address this array of issues and assign priorities and deal with the politics," said Richard C. Bush, a senior fellow at the Brookings Institution who is an authority on China.

The coming talks with Beijing over North Korea's nuclear threat come against the backdrop of a trans-Pacific relationship that grew warmer after a rocky start at the beginning of the Bush administration. But the diplomatic maneuvering has been subject to periodic flare-ups of tension over a variety of issues, including Taiwan and China's support for Iran, a major supplier of China's oil.

"Remember, to the Chinese everything is related: the economics, the diplomacy, the military posture. It's all one," said a senior administration official, who declined to speak on the record because of the sensitivity of the diplomacy.

The White House's reasons for playing for time, and avoiding any immediate escalation of tensions with Beijing, start with the fact that its most urgent diplomatic priority right now - defusing the nuclear threat from North Korea - depends to a great extent on co
dammerud
26.06.2005 08:17
#9033

Endre
]
einarf [843]
Kom med dette innleget på "PEAK OILTOPICEN" Legger det inn her.
24.06.05 23:01


Høyere industriproduksjon i Kina enn forventet i mai. Økningen skyldes økt utenlands etterspørsel.
Kinas oljeimport økte i mai 8,2% fra mai 2004. Fra nyttår tom. mai mnd økte importen 5,1%.
Disse mai tallene viser at oljeetterspørselen holder seg godt i Kina.

I juni reduserte IEA etterspørselveksten for olje i Kina med 0,5%, eller 10.000 fat pr, dag, fra 7,6% til 7,1% for 2005.

China May oil imports climb, product imports slide
Fri Jun 24, 2005 04:55 AM BST
Printer Friendly | Email Article | RSS
BEIJING (Reuters) - China, the world's second-largest oil consumer, imported 8.2 percent more crude oil in May than a year earlier, while imports of refined petroleum products fell sharply, official figures showed on Friday.
China imported 10.41 million tonnes of crude oil last month or 2.45 million barrels per day (bpd), equivalent to the average for 2004 and down sharply from around 3 million bpd in April, signalling that demand could be slowing.
Imports in the first five months of the year rose 5.1 percent to 52.3 million tons, customs figures show.

Refiners kept processing rates high through the month, taking advantage of strong export markets and cutting costly imports of refined oil products.

Imports of light diesel fell 91.6 percent to 25,313 tonnes compared with the same period of 2004, while fuel oil shipments slid 40.7 percent to 1.61 million tonnes, the General Administration of Customs said.

Shipments of gasoline -- China's largest single product export category -- were up 47 percent at 671,754 tonneswhile exports of diesel soared 141 percent compared with the previous year to 132,476 tonnes.

Government price caps on gasoline and diesel have meant refiners have made little or no profit on products churned out for domestic consumption.

Some refiners also may have been building up diesel stockpiles ahead of an expected surge in summer demand to fuel generators during forecast brownouts.

Power demand could outstrip supply by up to 30 gigawatts -- three quarters of the shortfall that last summer triggered brownouts across two thirds of China's provinces.

The International Energy Agency said earlier this month that China's rapid oil demand growth contracted in April as refiners ran down stocks and cut petroleum product imports. It shaved its demand growth estimate for the year by 10,000 bpd to 7.1 percent.


dammerud
28.06.2005 11:33
#9047

Endre
Se på denne.

Tallet på brukere av internett i Kina har nå passert 100 millioner. Bare USA
har i dag flere nettbrukere, med 135 millioner, meldte statlige medier i
Beijing tirsdag.

Kommentar : Rotet meg inn på en nettkafe i beijing kl. 23.00 på kvelden. over 40 maskiner og like mange ungdommer, alle maskinene med kinesiske skrifttegn hvor så og si alle chattet eller drev med spill.
Greidde med litt hjelp og fiksfakserier å få latinske bokstaver og å komme inn på Stocktalk.
Fikk skrevet innlegg, men gikk ikke med e-mail

Hørte senere at Kina filtrerer internett hvor ord som demokrati og demonstrasjon bl.a annet filtreres bort.

Jan

Prøvde med e-mail, men fikk bare kinesiske skrifttegn.

Jan.





[Endret 28.06.05 11:33 av dammerud]
[Endret 28.06.05 11:34 av dammerud]
dammerud
03.07.2005 04:35
#9078

Endre
Hvem styrer Kina og med hvilken agenda.

En elite som er avhengig av kunnskap, arbeidsinnsats og å kunne levere og med en ny ideologi.
Se følgende innlegg.':

World News



July 02, 2005

Mao-style call for the party line
By Jane Macartney in Beijing
An education campaign has conjured up the days of the Cultural Revolution



GUO HONG is one of 69 million people in the Chinese Communist Party, the world’s largest political organisation.



It is a privilege that gives him not only a better chance at career promotions but also the advantages of extensive connections in a country where who you know counts for more than what you know.

Mr Guo (not his real name) knows that he must pay a price to be among the chosen few, and not just his dues of a few pounds a year. More important is his participation in a system of ideological indoctrination reminiscent of the days when students brandished Chairman Mao’s Little Red Book to demonstrate their dedication to the Communist cause.

This is a China at odds with the picture of housewives haggling over the price of tofu or trendy youngsters sipping margaritas and dancing to Britney Spears.

The party’s determination to maintain an iron political grip seems hard to reconcile with a country so eager to embrace capitalism that it attracts $1 billion a week in foreign investment, and where branches of McDonald’s have sprouted even in the smaller towns.

China must be the fastest-changing society on earth. Yet those who oversee the Communist Party want the change to be on their terms. They want to preserve the old ways that have ensured that this highly centralised and secretive organisation has maintained its control over 1.3 billion people for more than half a century.

But grumbling is to be heard even at the grassroots of the party, and the latest source of the discontent among the party faithful has been a nine-month “education campaign” that ended this week.

Party members have been required to study a series of secret documents. They had to stop work for days to attend classes and group discussions.

They were required to put down their own views, a practice that conjures up the self-criticisms of the ultra-leftist days of the 1966-76 Cultural Revolution. This had to be done in longhand: using a computer was forbidden lest participants delegated the job to tech-savvy children or e-mail each other a pro-forma essay.

Party members complained that they were ordered to come to work more than an hour early or stay late to join study sessions. Many pretended to be abroad or out of town. Most were banned from unnecessary travel. “Maintaining the education of the advanced nature of Communist Party members” was the campaign’s less than catchy title, and even after nine months few party members could explain what it meant.

“It’s something about making sure that we party members are more aware about economic reforms than ordinary people,” one young man said. “It’s a way for President Hu Jintao to stamp his imprint on the party now that he has been in power for a couple of years,” another middle-aged member said. “He needs to make people realise that he is in charge, and not Jiang Zemin.”

Mr Jiang stepped down as president and party chief nearly three years ago, but still exerts broad influence through his network of high-ranking protégés. Zu Jiahe, a professor at the Institute of Marxism at Peking University, said: “This campaign requires every party member to look at himself and improve himself. In thinking you should be more upright, in working you should be more efficient, in difficulties you should stand on the front line.”

Why do party members need to be reminded of their duty? Many party members had been seduced away from the belief in frugality and serving the people that was central to Mao’s revolution, Dr Zu said.

“The pity is some party members have forgotten their role. That’s why there is more and more corruption these days. The ability of the party to rule has decreased, the prestige of the party has decreased and the trust of the vast masses in the party has weakened.

“Party members are the elite of our society. Only if they think unanimously will society have cohesion and energy.”

But those party members have been less than impressed, and their mobile phones have hummed with anonymous messages mocking the campaign.

“I have been committed to the party all my life,” one elderly official said. “Why do I have to take part in something so humiliating? I feel like a schoolboy.” Others preferred to joke about a campaign that relies on ideology to reinforce legitimacy at a time of change.




CalleCanon
03.07.2005 08:43
#1896

Endre
Spennende artikkler. Utviklingen i China er interessant (så klart)! "Plutselig" så har bl.a jeg mye å takke China før. Jeg tenker på at jeg har tjent på shipping og oljeaksjer pga at først og fremst chinesene har drivit opp priser på f.eks. shipping-rater og olje.
At omfavne kapitalismen og siden tro at det går å opprettholde samme kontroll over folket som tidligere tror jeg ikke går over lenger tid. Med kapitalismen så kommer demokratien som en sterk kraft, som en snøboll som har begynnt å rulle. Du kan ikke ha litt demokrati, det blir antingen eller. Dere husker hva som skjedde i Øst-blokket når Lech Walesa som fagforeningsleder på et verft i Polen klarte å sette i gang en "liten" reformprosess . Forr eller senere så vil man få antingen demokrati eller tilbake til total statssyring. Det skal bli interessant å se hvordan China, eller heller kommunistpartiet og ledelsen, takkler den transformasjonen til demokrati som jeg tror nå kommer. Om overgangen blir gradvis pga at ledelsen skjønner at de må liberalisere eller om det blir revolusjon for at "Partiet" holder på det "gammle".
Ellers så er det spennende hva som skjer når (ikke hvis, regner med at det må komme) Yuan blir sluppet fri eller skrives opp. Chinesene får mer kjøpkraft, vanskeligere for chineser å eksportere. Vil da deres økonomi bremses og de vil kjøpe mindre fra utlandet eller vil deres bedrede kjøpkraft bidra til ennå større import og bl.a mer chinesiske turister. Oppskriving av Yuan, skal man tørre å håpe på det?
CC
dammerud
03.07.2005 17:16
#9080

Endre
Tar med dette fra Peakoiltopicen. via "TEO"

UPDATE: China's Crude Run Cuts May Not Be Bearish Signal

Friday July 1, 2005, 6:36 pm

UPDATE: China's Crude Run Cuts May Not Be Bearish Signal

SINGAPORE (Dow Jones)--China plans to trim some of its refinery operating rates this month, but this alone may not necessarily be a strong signal that demand from Asia's runaway oil consumer has slowed.

Sinopec Zhenhai Refining & Chemical Co. (1128.HK), China's largest oil refinery, plans to process 1.47 million metric tons of crude oil this month, down from a record 1.48 million tons in June, according to a source.

This is the equivalent of 347,600 barrels a day, down from 361,600 b/d in June, which is approximately the plant's nameplate capacity.

Several large refineries along the country's coast have also scheduled run cuts this month, a trend that has raised some eyebrows in the industry.

Strong Chinese demand for oil has been a major factor behind the run-up in benchmark prices. New York crude futures hit a record high of $60.95 a barrel Monday, on concerns that supply may not keep pace with bullish consumption growth later this year in key markets such as the U.S. and China.


Although prices have since retreated, they're still nearly 45% higher in the past one year.

Significantly, however, China's refinery runs alone don't tell the whole demand story. Refinery operations are being reduced from already-high rates. The country processed 24.56 million tons of crude in May, 6% more than a year earlier, according to the National Bureau of Statistics. This brought the January-to-May tally a sizable 8.3% higher compared with the same period last year.

Also key is how much oil refiners are holding in storage.
Beijing doesn't release data on oil inventories, but stock levels are understood to be near capacity given high crude imports and a slowdown in domestic products sales.

State-owned oil companies have come under pressure from a breakdown between products prices in the tightly controlled domestic market and sky-high international prices.
This has cut into profits and should encourage stockpiling - implying this month's run cuts aren't particularly out of line.

Crude imports, meantime, were up a firm 5.1% on year between January to May at 52.3 million tons despite sharply higher prices, while domestic crude production was up 5% at 74.81 million tons.

Further evidence of a lack of room to store oil was seen earlier this week, when state-owned Unipec emerged to offer some of its term crude cargoes on the spot market.

China's total oil demand is forecast to rise 7.1% this year to 6.89 million b/d, according to the International Energy Agency, the OECD watchdog.

While this is well short of the 15.4% jump in 2004, that year's increase was compared with a low base for 2003, when much of the region's economic activity - and oil demand - was hit by the SARS epidemic.




[Endret 03.07.05 17:17 av dammerud]
dammerud
06.07.2005 09:29
#9091

Endre
Her er fasiten:

Kina venter et handelsoverskudd på 70 milliarder dollar (470 milliarder
kroner) i 2005, over dobbelt så mye som i fjor.

CalleCanon
06.07.2005 09:41
#1899

Endre
En liten Yuan-appresiering hadde nok vart på sin plass ja.
CC
OldNick
07.07.2005 15:45
#2492

Endre
Reuters
Heatwave bakes China, power demand up
Thursday July 7, 1:00 am ET

BEIJING (Reuters) - Searing tempEratures across booming China have driven up energy demand, exposed an over-reliance on coal and are taking a toll on industry, Xinhua news agency said.

Power shortages this summer should be "much more serious" than last year -- when China faced its worst energy crunch in two decades -- a source from the State Electricity Dispatching Center were quoted as saying.

"Many experts attribute the power shortage to the skyrocketing economy, especially high-power-consuming industries," Xinhua said in an overnight report.

China's unbalanced energy structure was also to blame, because excessive reliance on thermal power meant coal shortages could "immediately lead to a terrible power generation breakdown," Xinhua said.

China has poured billions of dollars into expanding its power transmission and generation capacity, but the national power system is forecast to struggle to meet demand until 2006-2007.

Generators nationwide are expected to crank out 25 to 30 gigawatts less power than consumers want to use this summer with no end to the crippling heatwave in sight.

Temperatures were expected to stay above 35 degrees Celsius (95 degrees Fahrenheit) across most of China over the next few days, especially in major cities like Beijing and Shanghai, which saw its hottest day in 70 years on Sunday when the mercury hit 39 C (102 F), Xinhua said.

The heat had forced the suspension of construction projects in many cities and caused water shortages, fires and traffic accidents, it said.

On Monday, almost 100 people in Shanghai were poisoned when toxic ammonia burst from a steel container that exploded after baking for hours under the sun, the China Daily said.

"The local production safety bureau came to the conclusion the blast was caused by the high temperature making the substance expand," the newspaper said.

NIGHT SHIFTS

Power consumption in Shanghai had set three records in a week and the local grid was already stretched to capacity, Xinhua said.

Premier Wen Jiabao has called on government officials to set an example by setting air-conditioners at 26 C or above and abandoning Western-style suits at meetings. Many cities have limited power use by big consumers and told factories to shut down or introduce night shifts to cut electricity demand.

"The power limitation policies apparently affect the economic results of many industries," Xinhua said without elaborating.

China was rushing to expand and guarantee power supplies and had urged local governments to set different electricity prices for different times of day, Xinhua said.

Beijing would also reform the market for coal for electricity generation use to "solve the contradiction between the soaring power consumption and insufficient coal supply," Zhao Yuzhu, deputy head of the State Electricity Dispatching and Telecommunication Center, was quoted as saying.

The heatwave had also taken a toll on agriculture, extending a drought in parts of eastern, western and central China, Xinhua said.

"Farmers have had to postpone the time for the autumn sowing, which should be done after the summer harvesting. They are worried about missing the right season," it said.
dammerud
13.07.2005 09:43
#9156

Endre
Kina med gigantoverskudd
Av dn.no

Den kinesiske eksportmaskinen har gått for fulle mugger i første halvår. Årets handelsoverskudd ligger an til en tredobling.

Verden får ikke nok av kinesisk elektronikk og tekstiler. Taperne er USA og EU-landene, skriver Dagens Næringsliv.

Kinesiske selskaper eksporterer hva de makter for tiden. I juni økte den kinesiske eksporten med 30,6 prosent til 66 milliarder dollar. Importen vokste med 15,1 prosent til 56,3 milliarder dollar.

Kina fikk et handelsoverskudd på nesten 40 milliarder dollar (264 milliarder kroner) i første halvår. Dette er allerede mer enn hele fjoråret.

Det et ventet handelsoverskuddet vil passere 100 milliarder dollar i år – en tredobling sammenlignet med 2004.


chateau
13.07.2005 09:53
#1464

Endre
Kjøpte en del kunst, fortrinnsvis malerier da jeg var i Kina i mai.
Nå behøver en ikke å reise til Kina for å få utført tjenester derfra.
Oljemalerier eksempelvis er allerede stor butikk der.
Legger ved en link hvor de som er interressert kan sende digitale bilder av noe de vil ha malt (potrett av barn, barnebarn, et landskap du er glad i etc).
Prisene er rimelige og kvaliteten god.

http://www.oilpaintingdali.com/index.asp
wave
13.07.2005 09:59
#1120

Endre
Sender sporenstreks over et foto av en elg. Joda, den står der i solnedgangen.

Hva i all verden er vitsen med å la en person som sitter på den andre siden av kloden male av et foto av dine barn vedkommende aldri har sett?
chateau
13.07.2005 10:24
#1466

Endre
ref wave [1122]

99,9% av alle potrettfoto blir malt på denne måten.
Antagelig er du blant de gjenværende heldige 0,1 % som kjenner en potrettmaler, eller kanskje du bruker en gatemaler når du er i syden med familien?
Resultatet blir ofte imponerende der også.
eshuse
21.07.2005 13:30
#1185

Endre
Kina revaluerer sin yuan fra klokken 13 i dag, melder Reuters. Kursen blir 8,11. Dollartilknytningen gis opp, men valutaen skal fortsatt holdes i et intervall på +/- 0,3 prosent mot dollar.



Hva var gammel kurs mot dollar?
Stratofortress
21.07.2005 13:38
#2611

Endre

8,28 yuan pr. dollar
Opportunity
21.07.2005 13:40
#2340

Endre
Det er bare 2,11% fra ca. 8,28. Og fremdeles semi-pegging mot dollar. Det er jo bare symbolsk og betyr jo lite. Men dersom amerikanerene er fornøyd med dette så kan jo Kineserene smile bredt.
OldNick
10.08.2005 15:52
#2564

Endre
China unveils yuan basket
By OMAR EL AKKAD
Wednesday, August 10, 2005
Globe and Mail Update

China revealed for the first time on Wednesday the contents of the basket of currencies against which the yuan trades.

The currency basket's main components are the U.S. dollar, the euro, the Japanese yen and the South Korean won.

The currencies of Singapore, Britain, Malaysia, Russia, Australia, Canada and Thailand are also included in the basket, Zhou Xiaochuan, the central bank governor, said during a speech to launch a new operations centre for the People's Bank of China in Shanghai. The news confirms some economists' speculation that Canada's currency would have a place in the basket, but as sort of a “second-tier” component — not as influential in setting the exchange rate as the currencies of China's biggest trading partners.

However the weighting of each currency was not disclosed.

Since the yuan's peg to the U.S. dollar was loosened in May, the currency has appreciated in value slightly, strengthening from 8.11 initially to 8.1062 on Wednesday.

China also announced Wednesday it will allow some of the nation's biggest companies to trade directly with banks in China's foreign exchange market. Restrictions were loosened for businesses that import and export at least $2-billion (U.S.) a year.

Both moves indicate the government is willing to let market forces play a bigger role in China's economy. However the timing still caught traders and investors off guard. Speculation among foreign exchange players focused on when the next yuan revaluation would be, not the contents of the currency basket. Some analysts predicted it could be months or years before the contents became known.
dammerud
08.10.2005 00:02
#9991

Endre
China tips $100bn trade surplus

Friday, October 7, 2005 Posted: 1302 GMT (2102 HKT)


Export goods are loaded onto a cargo vessel at Qingdao port.YOUR E-MAIL ALERTS

China
International Trade
United States
or Create Your Own
Manage Alerts | What Is This? BEIJING, China (AP) -- China predicts its trade surplus could triple to $100 billion this year, lifted by a 30 percent jump in exports, state media reported Friday.

China's Commerce Ministry warned that the surge could create new trade tensions, put additional pressure on China to revalue its currency and cause financial risks, the official China Daily newspaper reported.

Central bank governor Zhou Xiaochuan was quoted as saying that China needed to do more to boost domestic consumption as a way to shrink the trade gap.

China's trade surplus from January to August reached $60 billion, already far exceeding the $32 billion recorded for all of 2004.

By year's end, the surplus was expected to balloon to $90 billion to $100 billion, the ministry said.

Exports have increased despite China's decision in July to make its currency, the yuan, about 2 percent stronger against the U.S. dollar, and allow it to trade in a restricted float against a basket of currencies.

Chinese textile and clothing exports have surged with the lifting of global textile quotas on January 1, and the United States and Europe have put limits on Chinese textile shipments to protect their own clothing manufacturers.

U.S. Treasury Secretary John Snow and Federal Reserve Chairman Alan Greenspan will be in Beijing later this month for talks with Chinese economic officials.

U.S. officials would like to see China accelerate its efforts to allow the value of yuan set by market forces.

The U.S. trade deficit with China, which reached $162 billion last year, an all-time high with any country, has been a persistent source of irritation between the two trading powers.

tea
08.10.2005 00:10
#3355

Endre
Dette er en tråd med mening. 1/5 av jordens befolkning i sterk vekst fortjener oppmerksomhet. Imidlertid har vi en tendens til å glemme India med sine drøye 1 mrd innbyggere. India har i flere år hatt sterk vekst, og med en gradvis åpning mot omverdenen vil landet få stor innflytelse på verdensøkonomien fremover.
Riktignok ligger de en del år bak Kina i utvikling, men de vil forlenge den perioden hvor det tilbys billige varer og tjenester til vesten, samt bidra til økte råvarepriser i mange år fremover.
Til glede for råvarebaserte økonomier som Norge....
dammerud
08.10.2005 07:31
#9992

Endre
Til Tea.

Kina/India er også hvilken løsning på befolkningsveksten man velger eller må velge.

Kina med sine 1,4 milliarder og India med sine nå + - 1 milliard.

Man skjønte i Kina at man måtte gjøre noe med befolkningstilveksten.
Kom med en drakonisk løsning som følges strengt opp av myndighetene og som er "akseptert " av befolkningen.

. 1 barns familie med muligheter for to barn dersom det første barn var handicapped eller far og mor kom hver fra etbarns familie og for gardbrukerfamilie hvis første barn var ei pikebarn. Selektiv abort i Kina har nå ført til at ca 95 % er pikefostre ! og det mangler ca 100 million unge jenter som skulle være i produktiv alder nå !

Drastisk nedgang i befolkningsveksten og høyere levestandard + en ny økonomisk politikk har ført til den nye situasjon.

India,Pakistan og Bangladash praktiserer ikke myndighetstyrt barnebegrensing og det er en eksplosiv befolkningsøkning på det indiske kontinent og om noen få år vil India gå forbi Kina i befolkningstørrelse..

Men hvor det er muligheter for ultralyd og abort er det selektiv utvelging av jentefostre!!.

Tøft for ei jente å bli født og deretter å bli diskriminer og holdt nede.

Man bør ha dette i hodet re India/Kina.

Jan

Ps. Har reist på kryss og tvers i Kina og det er styggmye mennesker der og kineserne er virkelig arbeidsnarkomane som en rekke utenlandske bedrifter utnytter med billig arbeidskraft. Produksjonsavtalene gir Kina en bra andel av disse selskapenes fortjeneste og har du lyst å opprette bedrift i Kina er det fantastiske muligheter med et enormt indre marked og et globalt marked basert på kvalitet og pris.

Politikken har ført til enorm økonomisk vekst i urbane og industristrøk mens i utkanten og distriktene er det mye fattigdom.

Reiste i kanalsystemet og var innom små sidekanaler hvor folk bodde inntil kanalene med kloakk flytende i kanalene og tydelig fattigdom. Kjøpte noe der og alt var utrolig billig .Ikke rart med slik fattigdom.

Luksus og skyskrapere i Shanghai og Beijing.
Stort program for myndighetene og neste uke er det møte i Bejing om hvordan man utjevner dette.

Jan




[Endret 08.10.05 07:38 av dammerud]
[Endret 08.10.05 08:15 av dammerud]
[Endret 08.10.05 08:24 av dammerud]
falitt
08.10.2005 09:16
#9643

Endre
tea:
India er et viktig poeng. Veksten overasket siste kvartal og lå over 8%. India har vel passert Kina i folkemengde også ? Om ikke, så blir det ikke lenge til. India har langt høyere tilvekst.
Det mange ikke er klar over, er at disse folkerike landene i sterk vekst, har en eksplosiv økning i handelen seg imellom.
Denne egenhandelen øker i betydning og gir relativt stor vekst selv om eksporten til Europa og USA skulle stagnere.
gorwell
08.10.2005 22:24
#6890

Endre
Kina er større enn India og kommer til å være det, i alle fall i overskuelig fremtid. Sånn 20-50 år. Skal du pukke på det og det skal du sikkert, befolkningsmessig utgangspunkt 1300 vs 1000 mill mennesker med en tilvekst på 1% for Kina og 2% for India blir antallet individer det samme etter sånn 26 år.

Samhandelen dem imellom er liten men kommer nok til å ta seg opp, ikke minst når USA går i koma.

De siste to punktum er hva verden håper vil kunne skje. Håper.

gorwell
dammerud
16.10.2005 19:28
#10065

Endre
VIA teo [1479]
16.10.05 17:35

e 2005/10/14-shana

China's Demand For Oil Pressures Global Markets: S and P

Years of heated economic growth in China has strained the country's oil resources and triggered a hunt overseas for fresh supply which is expected to continue pressuring global oil markets for decades to come, ratings agency Standard and Poors said.
China's race for resources is also fraying international tempers and is one main driver of soaring oil prices, which for months now have hovered well above 60 dollars a barrel, the ratings agency said in a report.
"This expansion strategy is already helping rattle the global oil markets and straining international relations," it said.
"This is one of the reasons for higher energy prices, which are putting pressure on those companies that use large amounts of energy."

"Helping China to satiate its energy needs without sending the global markets into shock will require international cooperation, based on recognition of mutual interest," added analyst John Bailey.

By 2030 the International Energy Agency predicts that China's imports will soar to 10 million barrels per day, accounting for 80 percent of its energy demand.
A report last month by China's National Development and Reform Commission, China's top planning body, put the estimates even higher.

"In 2010 half of China's oil needs will come from imported oil, by 2020 up to 80 percent of China's oil needs will be dependent on imported oil," it said. Analysts also widely believe that if current prices were maintained it would easily knock off one percentage point of China's high flying economy that in the first half of the year rose by 9.5 percent.
OldNick
29.11.2005 02:16
#3054

Endre
China not manipulating currency: U.S.
Monday, November 28, 2005

WASHINGTON — The Bush administration on Monday determined that China was not manipulating its currency to gain economic advantages but still pressed the Chinese to move more quickly to allow the yuan's value to be set by market forces.

The administration's determination, made in a currency report it is required to submit to Congress every six months, was certain to disappoint critics who contend that Chinese currency practices play a large role in America's soaring trade deficits.

Treasury Secretary John Snow said China's decision to allow a small revaluation of its currency last July had been a factor in deciding not to brand China a currency manipulator, but he said more must be done.

Les mer her
gorwell
29.11.2005 02:37
#7214

Endre
Det hjelper å kjøpe et Boeing eller 50.....

gorwell
OldNick
23.12.2005 08:25
#3164

Endre
Beijing plans curbs on metals industry

China will rein in uncontrolled growth of the metals industry and slow energy demand by halting investment in new aluminum projects and small copper smelters.

Thursday, December 22, 2005


China will rein in uncontrolled growth of the metals industry and slow energy demand by halting investment in new aluminum projects and small copper smelters.
The government will also veto investment in new mines and smelters for tungsten, molybdenum, tin, antimony and so-called rare earths, its top planning agency said Wednesday. The ban still allows spending to modernize smelters and reduce pollution, the National Development and Reform Commission said.

Premier Wen Jiabao is trying to cool excessive investment in aluminum, steel and other industries, which has driven up raw material prices, increased pollution and spurred inflation in the world's fastest-growing major economy. China makes a third of the world's steel and is the biggest producer of aluminum.

"After the rapid expansion of aluminum capacity in the past two years, the state now wants to curb investment in copper," said Ren Yunhe, copper analyst at Shenyin Wanguo Research and Consulting in Shanghai.

The mainland's spending on factories, roads and other fixed assets rose 29 percent in November, the fastest pace this year, suggesting Wen's efforts to slow investment may not be having the desired effect so far.

"Irrational investment since 2003 has resulted in excessive capacity," Liu Zhi, industrial policy director with the commission, said in Beijing. China's economy, Asia's second-largest, may be 17 percent larger and growing even faster than previous estimates, according to a government report Tuesday. The economy expanded by more than 9 percent in the past nine quarters. The measures outlined Wednesday are regulations intended to guide development of the economy. The classification of industries as to whether they should be "encouraged," "restricted" or "eliminated" will be revised every year. Industries that have caused environmental damage or have been wasteful with energy, such as power generators smaller than 50,000 kilowatts and oil refining units smaller than one million tonnes, will be shut down in the coming year.

By 2010, the mainland wants to have two major steelmakers each with a capacity of more than 30 million tonnes a year and a few producers of 10 million tonnes per year each. The measures specified that no investment would be allowed in new copper smelters with a capacity of less than 100,000 tonnes a year.

China currently has 18 copper smelting projects, planned or being built, which will raise capacity to 3.7 million tonnes by the end of 2007 from 1.6 million tonnes in 2004, the commission said in October. The nation's investment in copper smelting almost doubled in 2004, it said.

Aluminum output capacity will reach 10.3 million tonnes this year, and exceed demand by 2.6 million tonnes, according to Liu.

The metals and mining industries will account for about 15 percent of the country's estimated coal demand of 2.15 billion tonnes this year, according to the China Economic Information Network, an affiliate of the commission.

Still, the government will encourage exploration and development of mines for resources such as copper, aluminum, lead, zinc and nickel, it said. Loans and tax breaks will be available.

For the steel industry, rising output has spurred record prices for iron ore and coal this year, and falling prices for steel. . From next year, China will start closing steel blast furnaces of less than 300 cubic meters and steelmaking converters and electric arc furnaces less than 20 tonnes, he said.

The mainland's steel production capacity has risen 12 percent this year to 470 million tonnes and 150 million tonnes more are either planned or being built. That compares with steel consumption this year of about 300 million tonnes. BLOOMBERG


[Endret 23.12.05 08:26 av OldNick]
OldNick
23.12.2005 08:26
#3165

Endre
China PBOC Official Upgrades 2005 GDP Growth Estimate To 9.4%

22:27 EST Thursday, Dec 22, 2005

BEIJING -(Dow Jones)- China's central bank's research bureau Friday raised its gross domestic product growth estimate for this year to 9.4% from 9.2%.

The bureau cut its consumer price index forecast for 2005 to 1.8% from 2%, according to a report by Tang Xu, the director of the research bureau, published in the central bank-backed Financial News.

The previous forecast issued by the bureau was in late September.

Expectations for the yuan to rise have eased, as shown by the fact that the one-year forward exchange rate against the dollar has stabilized since Nov. 11th, said the report.

China's GDP is expected to grow 8.8% and CPI is expected to rise 2.0% in 2006, it said.

China's GDP is expected to grow 9% in the fourth quarter of this year, and CPI is expected to rise 1.3% in the same period, according to the report.

The report also summarized the factors that will have an influence on prices next year.

High international oil prices and a rebound in investment would put pressure on prices to rise. Utilities and resources prices have the potential to rise next year, which would be an important factor in pushing the CPI up, it said.

Changes to the pricing system for resources, such as oil, electricity, water, natural gas and coal, will push prices higher next year, said the report. China reformed the pricing system this year, which involves a gradual loosening of government control over resources prices to allow more market influence.

But a decline in prices in sectors with overcapacity problems, including cement, iron and steel, and uncertainty over grain prices, could push prices lower, it said.

The figures given in the research bureau's quarterly report, which is based on economic models, are based on assumptions that the world economy will expand at 4.3% next year, that China's fiscal expenditure will grow by 13% and that interest rates will remain at current levels.

But for the first time, the report didn't include as one of these assumptions that the foreign exchange rate will remain at the current level, suggesting that the forecasts were made taking into account possible fluctuations in the yuan exchange rate.

It is the first time this year that the bureau has given a forecast for next year's GDP and CPI.

Thursday, Yao Jingyuan, chief economist at the National Bureau of Statistics, said China's GDP is expected to rise around 9.4% for full-year 2005, and 8%-9% next year.

Yao said the forecasts don't take into account the results of the recent nationwide census.

Tuesday, China raised its 2004 GDP output by 16.8% to CNY15.988 trillion from CNY13.688 trillion, based on data collected in the census.

Li Qiang, chief statistician at the National Bureau of Statistics and spokesman for the State Council's Economic Census Office, said the revised GDP growth for 2004 won't exceed 10%. GDP growth for 2004 had previously been stated as 9.5%.

The research report issued Friday didn't say whether it takes into account the results of the census. The report doesn't represent the central bank's opinion, the bureau said.

-Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848; tracy.zheng@dowjones.com
-Edited by David Riordan
(END) Dow Jones Newswires
12-22-05 1948ET
OldNick
01.03.2006 10:07
#3330

Endre
China reports big energy discoveries

Feb 28, 2006, interfax.com

Beijing. February 28. INTERFAX-CHINA - China's energy reserves have grown with the new discoveries of 943 mln tons of oil, 526.3 bln cu m of natural gas and 69.8 bln tons of coal, according to the National Bureau of Statistics in the 2005 Economic Development Statistical Report released on Tuesday.

Total energy consumption rose 9.5% to 2.22 bln tons of coal equivalent in 2005. The biggest rises were seen in natural gas, up 20.6% to 50 bln cu m, hydroelectricity, up 13.4% to 401.0 bln kWh, and coal consumption, up 10.6% to 2.14 bln tons, the report said.

Crude oil consumption rose 2.1% to reach 300 mln tons in 2005. Mine safety improved, with the death rate down 8.7% to 2.81 deaths for every mln tons of coal mined.

The energy consumption-GDP ratio was unchanged from last year, at 1.43 tons of coal equivalent per RMB 10,000 (USD 1,240) of GDP.

Energy consumption in 2005

……………………..Consumption……Growth yoy….Consumption in coal eq…..Distrib

Coal………………...2.14 bln tons…….….10.6%.........2164 mill metric tonnes…..77.1%
Oil……………….…..300 mln tons…….…..2.1%...........437 mill metric tonnes…..15.6%
Natural Gas……….....50 bln cu m..……..20.6%............61 mill metric tonnes…...2.2%
Hydro electric…….401.0 bln kWh……….13.4%...........128 mill metric tonnes…...4.6%
Nuclear………….….52.3 bln kWh………...3.7%.............17 mill metric tonnes…...0.6%

Source: National Bureau of Statistics (NBS)

……

Noen kommentarer og analyse:

Dimensjonen “tons” skal leses “long tons”, hvis nyhetsbyrået brukes internasjonal standard. 1 long ton = 1016 kg. Denne omregningsfaktoren er brukt over i min beregnede ”consumption in coal eq.”, hvor forbruket er omregnet etter energi-innhold i de ulike energikildene. Disse omregningsfaktorene er tatt fra World Energy Council.

For omregning fra produsert kWh i vann- og kjernekraft anlegg til eq. tonn kull i varmekraftverk, har jeg brukt 38.5 % utbytte (av forbrenningsvarmen i kull).

Sum ”tons” forbruk i coal eq. 2005 = 2807 mill metric tonnes = 2762 mill long tons. Det er langt mer enn referert i artikkelen, ca. 2220 mill tons.

Dette kan sees på 2 måter: Enten er forbrukstallet for kull for høyt, eller totalforbruk i kull-ekv. for høyt. Hvis det siste er tilfelle, ville det innebære at kullforbruket ble 1600 mill tons (istedet for 2140 mill tons). Tallene nedenfor indikerer at totals forbruk (i ”coal eq.”) angitt over i artikkelen er feil

Ser at dødsstatistikken er 2.81 pr. 1 mill tons, dvs. total antall blir da ca. 2.81 x 2140 = ca. 6000 i 2005. Relativt høy menneskelig kostnad ved å bryte kull i Kina altså.

BP World Energy 2005 har produsert statistikk frem til og med 2004 (pr. idag, neste oppdatering ventes i juni). Den er vist nedenfor, sammen med estimat fra tabellen over, brukt vekst-% for tilbake kalkulering.

Energy consumption (estimated) in 2004

……………………..Consumption (NBS)..…………Consumption (BP)

Coal………………...1966 mill metric tonnes.………1891 mill metric tonnes
Oil…………………....299 mill metric tonnes…….….309 mill metric tonnes
Natural Gas..……....41.5 bln cu m…………………....39 bln cu m
Hydro electric……….354 bln kWh…………………...328 bln kWh
Nuclear……………..50.4 bln kWh………...............50.1 bln kWh


Som vist, stemmer tallene relativt dårlig overens (bortsett fra nuclear).

Oljeforbruket i 2005 ble tidligere i januar oppgitt av ”National Development and Reform Commission (NDRC)”, til ca. 313 mill. metric tonnes (ref. OldNick [3197]). De oppgav også at oljeforbruket utgjorde ca. 22 % av energiforbruket i Kina, hvilket ikke stemmer med fordelingen beregnet over.

Strømproduksjon fra kjernekraft viser at noe nytt anlegg ikke er satt i drift i løpet av 2005. De har tidligere vist til planer om å bygge 2-3 anlegg av størrelse ca. 1 GW pr. år. Ang. vannkraft, så driver de vel og kjører i gang ”3 gorges”, som er oppgitt å skulle gi 19.3 GW ved full utnyttelse, fra endelig ferdigstillelse planlagt i 2009. Det skulle bidra med ca. 25-30% økning fra dagens vannkraft-nivå. Muligens er den store økningen fra 2004 en del av dette prosjektet, som allerede har startet å produsere kraft.

Reserve-økningene oppgitt over virker helt meningsløse, da de har en erstatningsrate på flere-100 % for alle kategorier kilder. De følger nok ikke vestlige standarder for rapportering.

Man ser at Kina’s energi-forbruk domineres totalt av kull. De har ikke oppgitt noen reservetall her, kun nye tilleggsreserver på 70 mrd. tonn (>30 års forbruk med dagens rate). BP angir 114.5 mrd. tonn (ca. 62 anthracite, ca. 52 lignite), så +70 til er ganske meningsløst. (Det tilsvarer også ca. 8% økning i worldwide reserver)

Også økningen i oljereserver er formidabel. 943 mill. tonn = 5.9 mrd. fat. BP angir Kina’s reserver pr. 2004 til ca. 17, dette utgjør da en økning på ca. 35%.

MEN, økningen i energiforbruk holder tritt med økningen i GDP, som også er oppgitt til ca. 9.4% tidligere i januar. Økningen faller hovedsakelig på kull, da de har klart å bremse økningen i oljeforbruket, som jo var >15% i fra 2003 til 2004.



[Endret 01.03.06 10:32 av OldNick]
mororo
01.03.2006 10:30
#2

Endre
Hvilke fond vil dere kina-eksperter anbefale? Blir knall langsiktig
dow
01.03.2006 10:35
#9106

Endre
Tysklands innenriks økonomi er og har vært helt ræva men DAX indexen har vært en av de beste de siste 3 årene. Samtidig falt og falt aksjeindexene i Kina til i fjor sommer da det ser ut som at det bunnet ut. Selskapene i dag er så internasjonale at det ikke spiller stor rolle hvor de er notert men hvilke markeder de er representert i.
OldNick
20.03.2006 08:04
#3409

Endre
2.6 mrd. tonn/år ! Det var 1/2-parten av verdensforbruket for 4-5 år siden.


Official: China to Boost Coal Output

© 2006 The Associated Press
Mar 18, 2006

BEIJING — China plans to boost coal output by up to 18 percent before 2010 to meet soaring energy needs despite environmental concerns, a government newspaper quoted an industry official as saying.

Annual coal production is projected to reach as much as a record 2.6 billion tons in 2010, up from 2.19 billion tons last year, Guo Yuntao, director of the China Development Research Center for the Coal Industry, told the China Daily newspaper.

That growth rate is much slower than in recent years, when output rose by nearly 70 percent in 2000-2005, Guo said in comments published by the newspaper on Saturday.

The latest forecast is based on projections that government efforts to improve energy efficiency will succeed, the report said.

The government has been trying to encourage use of nontraditional energy sources such as windmills and nuclear power in an effort to clean up the environment and reduce reliance on imported oil.

But coal accounted for 76 percent China's energy needs in 2005, and that proportion could rise to 80 percent after 2010, Guo said.

China's energy consumption per unit of economic output was the same in 2005 as in the previous year, despite pledges to improve efficiency, the China Daily report said.



[Endret 20.03.06 08:04 av OldNick]
dow
21.03.2006 17:07
#9329

Endre
SHANGHAI (AFP) - Signs of a sharp downturn are emerging in Shanghai's once-sizzling property market with prices slumping more than 30 percent for some apartments and increasing reports of mortgage defaults.
OldNick
22.03.2006 14:49
#3423

Endre
Diesel rationing sparks panic in China

From Jane Macartney in Beijing, TimesOnline.co.uk
Mar 21, 2006

TWO of China’s biggest oil suppliers have begun to ration diesel, triggering lorry queues at petrol stations across two of the country’s most prosperous provinces. Such was the demand that the state-run oil giants Sinopec and PetroChina set a limit on customers of 25 to 50 litres a visit.
The rationing appears to be restricted to the southeastern provinces of Zhejiang and Jiangsu, two of the most dynamic regional economies in the world’s second-largest oil consumer. One driver at a petrol station in Zhejiang was astonished at the queues: There are no shortages in neighbouring Fujian province, he said.



Speculation has been building for weeks that the Chinese Government was ready to allow an increase in petrol and diesel prices and the public reaction was swift as news, and rumours, of the rationing spread across Zhejiang.

Some pumps in the province are reported to have run dry. The owner of a private transport firm in the eastern Zhejiang port city of Ningbo said: “Our drivers are stranded here because both the Sinopec and PetroChina petrol stations next door told us they ran out of diesel.”

However, this latest bout of rationing has been less serious than a supply crunch last summer that hit most eastern and southern regions in the country for about two weeks. An official with Sinopec in the Jiangsu provincial capital of Nanjing said: “What’s different this time is that stockpiling, not supply shortage, is the cause of queueing and rationing.”

The squeeze last August was led by a surge in fuel exports. State refiners boosted overseas sales to rescue slumping domestic margins caused by the Government’s cap on pump prices.

The Sinopec official said that the company was better prepared this time: “Stocks are below normal, but we still have oil to supply.” He said the company’s inventories could last another five days, against a typical stock of seven to ten days.

Speculation has grown this month that Beijing will announce a retail price rise in petrol within days, now that the annual session of the National People’s Congress, the parliament, has ended. China avoids policy changes during parliament — to reassure its 1.3 billion people that the Government is moving smoothly to ensure a better standard of living.

A price increase would be the first since last July, when prices were raised about 15 per cent — while crude prices had increased more than 30 per cent. China has kept a lid on price increases, fearing inflation and possible social unrest. The diesel price is particularly sensitive because it accounts for one third of all Chinese oil demand. It is the main fuel used by farmers, who have gained least from economic reform, and who are most vulnerable to sudden price swings.

Les mer her
OldNick
28.03.2006 03:36
#3453

Endre
China predicts gradual slowing of economic growth

Reuters, The Associated Press
TUESDAY, MARCH 28, 2006

SHANGHAI China's economy is expected to grow 8.9 percent in 2006, slowing from 9.9 percent last year, the central bank's research department said in a report published Monday.

Annual growth in China's gross domestic product will gradually slow to 9 percent in the second quarter, 8.9 percent in the third and 8.7 percent in the fourth quarter from 9.2 percent in the first quarter of this year, said the report, carried by The China Securities Journal.

The estimates pointed to a slowdown from last quarter, when gross domestic product was up 9.9 percent from a year earlier, although China has repeatedly, and wrongly, projected milder economic growth for several years now.

The central bank did not say why economic growth would slow. Its report focused on inflation.

The consumer price index, China's main gauge of inflation, is expected to be up about 2 percent this year, it said. The index climbed 1.8 percent in 2005.

"In general, our country's GDP growth will gradually trend lower in future but will still maintain a high level," the bank said. "We also see no major fluctuations for consumer prices in future."

Changes to natural resource prices, expected to be rolled out and extended to public utilities this year, would raise the consumer price index by 0.7 percentage point and the producer price index by 1.27 percentage points, it said. Commodity prices would be relatively stable.

China's economy expanded by 10.1 percent in 2004, but growth has been gradually slowing as the government attempted to rein in excess investment in real estate projects and some industries, like steel and cement.

The government's five-year-plan, setting policy through 2010, calls for bringing economic growth down to 7.5 percent a year, with 2006 growth at 8 percent.
OldNick
04.04.2006 19:55
#3494

Endre
Oil giant discovers China's biggest natural gas field

chinaview.cn 2006-04-03 18:56:38

BEIJING, April 3 (Xinhua) -- Oil giant Sinopec Corporation has discovered China's biggest ever natural gas field with proven deposits of 251 billion cubic meters in the southwestern Sichuan Province.

Sinopec said in its annual report released Monday that it has submitted a plan to authorities for the development of the Puguang natural gas field in northeast Sichuan.

The plan proposes commercial production from 2008 with an annual production of 4 billion cubic meters, which could double by 2010.

Sinopec plans to build a pipeline to supply natural gas from Puguang to Jinan, capital of Shandong Province in East China.

Prior to Puguang, China only had four natural gas fields with deposits exceeding 200 billion cubic meters each, the report says.

......

(Kommentar: For å sammenligne, Snøhvit er ca. 190 mrd. Sm3, Shtockman ca. 3300 mrd. Sm3, South Pars ca. 8-14000 mrd. Sm3)
grong2
24.04.2006 20:59
#186

Endre
Hedge funds make big bets on China boom
Greater China hedge funds are growing in both popularity and assets as managers profit from the region's growth.
By Amanda Cantrell, CNNMoney.com staff writer
April 24, 2006: 1:31 PM EDT


NEW YORK (CNNMoney.com) - U.S.-China trade relations may be fraught with controversy thanks to a large trade deficit, the outsourcing of jobs and concerns about human rights abuses in the country.

But China's economic growth has inevitably whipped up investor interest as well, with hedge funds leading the charge.


MORE HEDGE FUND NEWS
Hedge funds post best 1st quarter in 3 years
Improved returns draw in a solid $24 billion as investors poured more money into the hot sector. (more)
Hanging onto Harvard's $25.9 billion stash
Emerging-markets whiz Mohamed El-Erian takes over the world's biggest endowment fund -- can he match the performance of near-legendary, now-ousted Jack Meyer? (more)
U.S. millionaire count hits record
New report finds households with a net worth of $1M or more rises 11 percent, while those with $5 million or more soars 26 percent. (more)


Some investors, concerned about corruption and a lack of regulatory oversight, are fearful of diving directly into the growing Chinese stock market.

But hedge funds, which are private investment pools for wealthy individuals and institutional investors, began setting up shop in the region years ago, attracted by the area's high return potential. These funds seek to profit from market inefficiencies, which are becoming harder to find in highly liquid and efficient markets such as those in the U.S. and Europe.

These funds may require greater risk tolerance than their U.S. counterparts do, but the returns can be worth it. China-based hedge funds gained 16.8 percent through March of this year, according to publishing and research firm Hedge Fund Intelligence (HFI).

Estimates for the U.S. hedge fund market range from $1.2 to $1.5 trillion, but assets in Asia-Pacific hedge funds now account for $115 billion, according to HFI. Assets in Hong Kong-based hedge funds have jumped from $1.8 billion in 2000 to $15.9 billion in 2005.

Hedge fund interest climbs as markets rise
Sandra Manzke, a hedge fund industry veteran who last year founded Maxam Capital, which runs investment products that are based on indexes of hedge funds, said that as the Chinese government continues to broaden its financial markets to foreign investors, hedge fund interest in the region has climbed.

"We really are becoming a more global economy," she said. "You'll start seeing a lot more interest in China as they move into allowing more foreign ownership."

China's markets can be daunting to new investors, with its multiple share classes and markets scattered across different parts of China. But it has become a more rewarding investment this year, with the Shanghai Stock Exchange Composite Index climbing 22 percent for the year to date.

Investors still cannot short the stocks of companies based in mainland China, but hedge fund managers have gotten around this by making long investments in mainland China companies and shorting Hong Kong and Taiwan-based companies, because shorting is legal in those markets.

Many hedge fund managers invest in a "greater China" basket of stocks, in addition to commodities. That means they buy stocks listed on the Shanghai and Shenzhen indexes as well as Taiwan and Hong Kong-listed stocks.

Buying commodities such as metals is one way hedge funds play the China boom, because China is one of the fastest growing users of commodities, according to Jim Melcher, founder of New York-based hedge fund firm Balestra Capital.

Manzke has long been attracted to Asia because its markets have continued to offer potential for high returns while at the same time becoming more sophisticated – for example, managers in Japan can now short stocks.

She recently launched an index product that is comprised of Asian funds. Manzke notes that China-based funds are on the rise – not just in Hong Kong, which boasts highly regulated and well-established markets, but on mainland China as well.

Shanghai-based funds on the rise
Manzke said there are currently eight hedge funds based in Shanghai, running a total of $406 million. She expects that market will grow as long as the Chinese stock market continues to outperform.

One of those Shanghai-based hedge funds is managed by Martin Currie, an Edinburgh, Scotland-based money management firm with $21.3 billion in assets.

Martin Currie's China hedge fund invests in greater China and focuses on small and mid-sized companies in which the management has a stake in the company, according to Allan MacLeod, head of sales for the firm.

MacLeod notes that the fund, which has holdings in Hong Kong and Taiwan, is up about 35 percent for the year to date.

Seven of the fund's 10 staff members are based in Shanghai, including Chris Ruffle, the lead portfolio manager for the firm's China funds, who is fluent in Mandarin. MacLeod said that conducting due diligence on an investment in China is different than conducting due diligence on more mature equity markets such as the U.S. and European markets.

"The markets are less well researched than other markets, so we have a very heavy emphasis on company visits," he said. "You need to know what to look for, and you need to know your way around Chinese accounting. Experience is extremely important."

Corruption keeps some managers away
Maxam Capital's Manzke said another important part of the due diligence process is getting to know which brokers, administrators and other entities that service hedge funds are reliable – especially important in light of the recent fraud at the U.S. hedge fund Bayou Group, which formed a fake entity to audit its own books.

"You have to do a lot more due diligence on the service providers," she said of investing in Asian hedge funds. "You want a recognizable, big name accounting firm
grong2
24.04.2006 20:59
#187

Endre
.


[Endret 24.04.06 20:59 av grong2]
Herr Blom
24.04.2006 22:49
#46

Endre
Mororo m.fl.
"There are nine million bicycles in Beijing..." het en sang
en gang.
Tenk når alle der, og i andre folkerike områder av Østen skal bytte ut tohjulsballongdekka med BILER!!!!!
Da blir det fett med oljeaksjer generelt.

Norges Kommende OljeAksjeMoguler
Vi skal drite penger Vi.....
OldNick
10.05.2006 07:47
#3651

Endre
Herr Blom!

Tilgangen på tomskaller er ubegrenset. "Gammelt jungelord"


Fears for environment as China plans 48 new airports

Jonathan Watts in Beijing, Guardian.co.uk
May 10, 2006

China plans to build 48 new airports over the next five years in an aviation spending splurge that will delight architects and plane makers but heighten concerns among environmentalists.

With the economy booming, hundreds of millions more journeys are being made by air every year, prompting a rush to buy planes that has made China the most important customer for Boeing and Airbus. But the boom is also set to benefit international design firms and construction companies, including British names such as Norman Foster and Arup.

According to the domestic media, China will spend 140bn yuan (£9.4bn) on airport development between 2006 and 2010 - more than the total for the previous 15 years. Zhao Hongyuan, of the Civil Aviation Administration of China, told the China Daily that the number of airports would rise in that time from 142 to 190. Work is already under way to expand the three biggest international hubs: Beijing, Shanghai and Guangzhou.
Last year a mega-terminal opened in Guangzhou, part of work to double capacity to 27 million passengers by 2009. A second runway opened last year at Pudong airport, near Shanghai, which can handle 35 million passengers a year. And the terminal building under construction at Beijing Capital international airport, designed by Norman Foster, is expected to be the world's biggest airport building.

Even after the new facilities are built the country's 1.3 billion people will be served by fewer than 200 airports, compared with more than 10,000 in the US, which has a quarter of the population. To expand services to less developed areas the government plans to turn airports in Chengdu, Kunming, Xi'an, Wuhan and Shenyang into regional hubs. Yunnan - one of the most beautiful provinces in China - is hoping to cash in on an expected tourism boom by building five new airports, Xinhua news agency reported.

In February China made itself the darling of the global aviation industry by promising to buy 100 planes and recruit 1,000 new pilots every year until 2010.

Les mer her


og - Kina vil ikke bare bygge opp strategiske energireserver, men også for en rekke andre råvarer også, såsom Cu og Uran.

Meget interessant, og vil være sterkt pris-støttende i mange år fremover. Her er tonnagene store, idet de er verdens største forbruker av en rekke metaller som Ni, Cu , Zn og Al (ca. 20-25% av totalt verdensforbruk).

China, Worried About Resources, To Build Up Its Mineral Reserves

By JAMES T. AREDDY. Online.wsj.com
May 10, 2006; Page A7

SHANGHAI, China -- China says it intends to build strategic reserves of minerals like copper and uranium, in addition to the energy stockpiles it already has said it will amass, in the latest sign of Beijing's concern about ensuring an adequate supply of natural resources.

The Ministry of Land and Resources said in its five-year plan that it will build up reserves over the next four years of uranium, copper, aluminum, manganese and other minerals that the country "urgently needs." The statement follows pledges by Beijing to begin filling four strategic reserves of crude oil as soon as this year.

The ministry didn't say how reserve levels might be managed with stockpiles of some of the same raw materials held by China's State Reserve Bureau, an agency within another government ministry that last year lost millions of dollars trading copper on global markets.

It also isn't clear whether the move will affect commodity prices.

......

The Land Resources ministry said it plans to have as many as 10 metal reserves with holdings of 20 million metric tons of copper and 200 million tons of bauxite, which is used to make aluminum. It also said it will have two or three backup stockpiles of oil containing 4.5 billion to five billion metric tons and a similar number of coal reserves with 100 billion tons of stock.

Although analysts said the numbers are high, wording of the ministry's plan suggests some of the reserves will be in proven -- or unmined rather than extracted -- form. The ministry also said it will allocate more money to finding resources while monitoring mining capacity more carefully.

If Beijing attempted to purchase outright the amounts suggested by the Land Resources ministry, "it would drive [prices of] the world's commodities out the roof," said Jim Lennon, an analyst at Macquarie Bank in London. He added, however, that China wants to secure access to these commodities rather than simply stockpile them.

......

[Komm: Tonnagene som her er nevnt er vanskelig å feste lit til.

F.eks. 4.5 mrd. tonn olje er > 1 årsforbruk world wide (ca 4.2 mrd. tonn/år). Tidligere har strat.lager på opptil 500 mill fat=ca. 70 mill. tonn vært nevnt. (USA har som kjent snaut 700 mill. fat strat.lager)

For Cu er årsforbruket ww ca. 18 mill. tonn, tilsvarende misforhold her. Kina bruker i år ca. 4.2 mill. tonn.

100 mrd. tonn kull er større enn deres offisielle reserver innenlands, og ww forbruk ca. 6 mrd. tpy, av disse bruker Kina selv ca. 2.2 mrd. tonn.

Noe problemer med tolken kanskje ??]



[Endret 10.05.06 07:47 av OldNick]
grong2
15.05.2006 22:27
#463

Endre
Investing in China no easy task

MarketWatch's upcoming survey of Investing in Asia provides a good opportunity to look closer at a few of the unique aspects of China's often-chaotic market and how investors can mitigate some of the inherent risks.

Link
OldNick
07.06.2006 04:42
#3698

Endre
Kontruksjonen av verdens største damprosjekt "Three Gorges" er ferdigstillt

Dam and blast as Three Gorges flood control starts

6 Jun 2006

BEIJING, June 6 (Reuters) - China blew up the last temporary wall protecting the Three Gorges Dam on Tuesday, using enough explosives to bring down 400 10-storey buildings, state media reported.

The 580-metre (1,900-ft) long, 140-metre high cofferdam connected to the southern bank of the Yangtze river was brought down in 12 seconds in a series of explosions using 191.3 tons of explosives planted beneath the water, Xinhua news agency said.

The blast sprayed nearly 190,000 cubic metres of concrete fragments into China's longest river, Xinhua said. Engineers declared the operation a complete success that would not trigger earthquakes.

"Blasting away the concrete cofferdam ... will spark off no severe geological disasters," Li Yong'an, general manager of China Yangtze River Three Gorges Development Corporation, was quoted as saying.

Removal of the cofferdam, a watertight chamber which allows building work under water, means the world's largest dam had effectively commenced flood control, Xinhua said, two years ahead of schedule.

Construction of the Three Gorges Dam -- the world's largest hydroelectricity project -- was completed last month after first breaking ground in 1997.

More than 100 people died during the $25 billion construction project, state media reported, and 1.3 million people have been or are still to be relocated.


men - samtidig har Kina et nytt, megaprosjekt på trappene, også dette i Yangtze, men 1500 km lenger oppe i elva. Omtrent samme størrelse: ca. 20 GW kapasitet.

China: Another dammed gorge

By Pallavi Aiyar
June 3, 2006

YUNNAN Province, China - Even as the main dam of the mammoth Three Gorges reservoir, the world's largest hydroelectric project, was completed in late May several months ahead of schedule, China is gearing up to launch another massive Yangtze River dam-building project.

Sandwiched between the towering majesty of the Jade Dragon and Haba Snow Mountains in the northwestern part of Yunnan province, "Tiger Leaping Gorge" is one of the world's deepest river gorges. Here about 1,500 kilometers upstream from the Three Gorges Dam, the Jinsha River (as the Yangtze is known in its upper reaches) thunders its way through the 18km-long gorge with, as yet, untamed power.

The gorge's evocative name is related to a legend according to which a tiger once leaped across the narrowest point of the ravine where it is a mere 30 meters wide. Elsewhere, the gorge is up to 80 meters in width, while the mountain peaks on either side reach more than 3,000 meters above the river.

......

A series of eight big dams on this part of the Yangtze are currently being considered, which when completed would flood some 13,300 hectares of prime farmland, including large parts of the gorge, and force the relocation of 100,000 people from the fertile river valley.

Yu Xiaogang, founder of Green Watershed and winner of the Goldman environmental award for 2006, said the formal announcement for the plan to construct a dam on the gorge was made in 2003. The project, which according to local officials will have the capacity to generate 20 million kilowatts of electricity once finished, is a joint venture between the provincial government of Yunnan and a subsidiary of the China Huaneng Group - one of the largest state-owned enterprises in the power sector.

Pre-project planning has been ongoing for the past few years, including geological surveys and the measuring of the homes and land of those that will need to be relocated. An environmental impact assessment (EIA) and social impact assessment (SIA), required by Chinese law for any large hydroelectric project, are being carried out.

The essential problem Yu points out is that all of this is being done in total secrecy. The SIA is supposed to involve the participation of people who will be affected by the dam. In reality none of the farmers who will be forced to move have been given any information regarding compensation or the scheduling for the dam.

......

The Tiger Leaping Gorge dam has, in fact, been listed as one of the country's major infrastructure projects for the 11th Five-Year Plan period (2006-10). Although final approval by the central government is still pending, Yu says this means there is a very strong likelihood that the project will go ahead.

In power-hungry China, this is not an uncommon story. According to the United Nations Environmental Program, China already has more than 85,000 dams, some 46% of the world's total. More than 20,000 of these are classified as "big". According to Chinese media reports, 16 million people across the country have already been displaced as a result of constructing large dams.

China's potential hydropower capacity is the biggest in the world. A recent government survey put the figure at about 700,000 megawatts, of which 400,000MW was deemed commercially viable. According to a one study, 16% of all electricity generation in China today comes from hydropower.

Les mer her
Magic
07.06.2006 09:27
#2249

Endre
fra imarkedet

Børsras i Kina
Shanghai-indeksen i Kina raste nesten 5 prosent på bekymringer om kannibalisme i forbindelse med nye børsnoteringer.



Nok en gang var det signalene fra den amerikanske sentralbanksjefen som tynget investorene i Asia.

- Ytterligere rentehevinger betyr at den amerikanske økonomien kan være i ferd med kjøles ned, noe som er negativt for de aksjene ved eksportrelaterte asiatiske børsene, sier forvalter Kim Hyun Tae i Landmark Investment Management i Seoul til Bloomberg News.

Bernanke sa i en tale tidligere i uken at økningen i inflasjonsindikatorer ikke er velkommen og at han vil sørge for at trenden ikke fortsetter. Det indikerer at banken trolig vil fortsette å heve styringsrenten. Markedet hadde håpet at det ville bli en pause i renteøkningen nå i juni.

Dermed frykter investorene i Asia at den amerikanske styringsrenten blir rammet av økende inflasjon. Høye lånekostnader i USA kan medføre lavere forbruk og ramme de eksportsensitive aksjene i Asia.

Den brede indeksen Morgan Stanley International Asia Pacific falt til en nye bunn på tre måneders basis. Indeksen var i morgentimene onsdag ned 1,8 prosent til 123,99 poeng og har ikke været lavere siden 8. mars.

I Japan falt Nikkei 225 1,9 prosent to 15.096,01 poeng, mens den mer brede indeksen Topix ble sendt ned hele 2,2 prosent.

Størst var fallet i Kina der Shanghai Composite-indeksen stupte 4,9 prosent. Dermed opplever indeksen det største fallet siden januar 2002. Bekymringen for at investorene kun skal konsentrere seg om de nye aksjene som kan noteres skal gå på bekostning av de eksisterende aksjene i markedet. Nylig ble det vedtatt at børsnoteringer igjen kan bli lovlig i Kina. Etter flere år med fullstans i nye børsnoteringer.



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