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KINA EN ØKONOMISK KJEMPE
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

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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

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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

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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

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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

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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

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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

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]
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

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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

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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

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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

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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

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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

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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

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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

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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

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

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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.



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