Chinese Economics Thread

Hendrik_2000

Lieutenant General
I saw that well this is forum after all you just have to be tolerant of all different people But having said that we also should be self controlled and only post what is important
The purpose of forum is to exchange idea, educate, learn and eliminated bias and misconception
Sometime the message can get clogged up if too much information
 
I saw that well this is forum after all you just have to be tolerant of all different people But having said that we also should be self controlled and only post what is important
The purpose of forum is to exchange idea, educate, learn and eliminated bias and misconception
Sometime the message can get clogged up if too much information
OK, let's leave it
 

Hendrik_2000

Lieutenant General
An excellent documentary by NHK "Asia Insight" about boom in 2nd child in China now that prohibition has been lifted
Family is the heart of Chinese culture so the draconian restriction on 2nd child is hard on everyone . It was meant to be temporary but lasted far too long due to bureaucracy inertness and incompetence . If it continuing it will hurt China Fortunately they realized this before it is too late
I commended NHK to make this documentary and inform the Japanese public of the new China There is no agenda in this report. It is human story. the private Japanese TV is bad
 
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advill

Junior Member
The "proof is in the pudding" can be related to a country's Economic progress or failure. Each country has its own vision of success, but emphasis must be on honest & not corrupt leadership. It is happening now in several countries in Asia, Europe, ME et al. People/Citizens (especially the young millennials) are fed-up of hypocrites, liars, corrupt leaders, & will vote or rebel (when given the opportunity) them out of office. There is never a perfect system in governing a country and its people. There have been failures where "Demo-Crazy" exists, and so too with some "Autocra-zy" nations. Economic progress can be seen in countries BIG & SMALL thru' infrastructure developments, and their citizens well being taken care. Hopefully racial & religious discriminations are avoided. China has progressed economically since the time of the respected Chinese leader Deng Tsiao Ping. What should be avoided (by any country) is the ancient Japanese saying: "Fukokei Kohwei" = Rich Country & Strong Military, that aimed at bullying others.
 
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Good that you are willing to learn and maybe shed some of the preconception that European has over Asia ...
well now noticed in a major Czech server where I check me emails the link (
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) which leads to
‘Forget the Facebook leak’: China is mining data directly from workers’ brains on an industrial scale
UPDATED : Wednesday, 02 May, 2018, 3:08pm
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Government-backed surveillance projects are deploying brain-reading technology to detect changes in emotional states in employees on the production line, the military and at the helm of high-speed trains

On the surface, the production lines at Hangzhou Zhongheng Electric look like any other.

Workers outfitted in uniforms staff lines producing sophisticated equipment for telecommunication and other industrial sectors.

But there’s one big difference – the workers wear caps to monitor their brainwaves, data that management then uses to adjust the pace of production and redesign workflows, according to the company.

The company said it could increase the overall efficiency of the workers by manipulating the frequency and length of break times to reduce mental stress.

Hangzhou Zhongheng Electric is just one example of the large-scale application of brain surveillance devices to monitor people’s emotions and other mental activities in the workplace, according to scientists and companies involved in the government-backed projects.

Concealed in regular safety helmets or uniform hats, these lightweight, wireless sensors constantly monitor the wearer’s brainwaves and stream the data to computers that use artificial intelligence algorithms to detect emotional spikes such as depression, anxiety or rage.

The technology is in widespread use around the world but China has applied it on an unprecedented scale in factories, public transport, state-owned companies and the military to increase the competitiveness of its manufacturing industry and to maintain social stability.

It has also raised concerns about the need for regulation to prevent abuses in the workplace.

The technology is also in use at in Hangzhou at State Grid Zhejiang Electric Power, where it has boosted company profits by about 2 billion yuan (US$315 million) since it was rolled out in 2014, according to Cheng Jingzhou, an official overseeing the company’s emotional surveillance programme.

“There is no doubt about its effect,” Cheng said.

The company and its roughly 40,000 employees manage the power supply and distribution network to homes and businesses across the province, a task that Cheng said they were able to do to higher standards thanks to the surveillance technology.

But he refused to offer more details about the programme.

Zhao Binjian, a manger of Ningbo Shenyang Logistics, said the company was using the devices mainly to train new employees. The brain sensors were integrated in virtual reality headsets to simulate different scenarios in the work environment.

“It has significantly reduced the number of mistakes made by our workers,” Zhao said, because of “improved understanding” between the employees and company.

But he did not say why the technology was limited to trainees.

The company estimated the technology had helped it increase revenue by 140 million yuan in the past two years.

One of the main centres of the research in China is Neuro Cap, a central government-funded brain surveillance project at Ningbo University.

The programme has been implemented in more than a dozen factories and businesses.

Jin Jia, associate professor of brain science and cognitive psychology at Ningbo University’s business school, said a highly emotional employee in a key post could affect an entire production line, jeopardising his or her own safety as well as that of others.

“When the system issues a warning, the manager asks the worker to take a day off or move to a less critical post. Some jobs require high concentration. There is no room for a mistake,” she said.

Jin said workers initially reacted with fear and suspicion to the devices.

“They thought we could read their mind. This caused some discomfort and resistance in the beginning,” she said.

“After a while they got used to the device. It looked and felt just like a safety helmet. They wore it all day at work.”

Jin said that at present China’s brain-reading technology was on a par with that in the West but China was the only country where there had been reports of massive use of the technology in the workplace. In the United States, for example, applications have been limited to archers trying to improve their performance in competition.

The unprecedented amount of data from users could help the system improve and enable China to surpass competitors over the next few years.

With improved speed and sensitivity, the device could even become a “mental keyboard” allowing the user to control a computer or mobile phone with their mind.

The research team confirmed the device and technology had been used in China’s military operations but declined to provide more information.

The technology is also being used in medicine.

Ma Huajuan, a doctor at the Changhai Hospital in Shanghai, said the facility was working with Fudan University to develop a more sophisticated version of the technology to monitor a patient’s emotions and prevent violent incidents.

In additional to the cap, a special camera captures a patient’s facial expression and body temperature. There is also an array of pressure sensors planted under the bed to monitor shifts in body movement.

“Together this different information can give a more precise estimate of the patient’s mental status,” she said.

Ma said the hospital welcomed the technology and hoped it could warn medical staff of a potential violent outburst from a patient.

She said the patients had been informed that their brain activities would be under surveillance, and the hospital would not activate the devices without a patient’s consent.

Deayea, a technology company in Shanghai, said its brain monitoring devices were worn regularly by train drivers working on the Beijing-Shanghai high-speed rail line, one of the busiest of its kind in the world.

The sensors, built in the brim of the driver’s hat, could measure various types of brain activities, including fatigue and attention loss with an accuracy of more than 90 per cent, according to the company’s website.

If the driver dozed off, for instance, the cap would trigger an alarm in the cabin to wake him up.

Zheng Xingwu, a professor of management at the Civil Aviation University of China, said China could be the first country in the world to introduce the brain surveillance device into cockpits.

Most airline accidents were caused by human factors and a pilot in a disturbed emotional state could put an entire plane at risk, he said.

Putting the cap on before take-off would give airlines more information to determine whether a pilot was fit to fly, Zheng said.

“The influence of the government on airlines and pilots in China is probably larger than in many other countries. If the authorities make up their mind to bring the device into the cockpit, I don’t think they can be stopped,” he said.

“That means the pilots may need to sacrifice some of their privacy for the sake of public safety.”

Qiao Zhian, professor of management psychology at Beijing Normal University, said that while the devices could make businesses more competitive the technology could also be abused by companies to control minds and infringe privacy, raising the spectre of “thought police”.

Thought police were the secret police in George Orwell’s novel Nineteen Eighty-Four, who investigated and punished people for personal and political thoughts not approved of by the authorities.

“There is no law or regulation to limit the use of this kind of equipment in China. The employer may have a strong incentive to use the technology for higher profit, and the employees are usually in too weak a position to say no,” he said.

“The selling of Facebook data is bad enough. Brain surveillance can take privacy abuse to a whole new level.”

Lawmakers should act now to limit the use of emotion surveillance and give workers more bargaining power to protect their interests, Qiao said.

“The human mind should not be exploited for profit,” he said.
 

Equation

Lieutenant General
The "proof is in the pudding" can be related to a country's Economic progress or failure. Each country has its own vision of success, but emphasis must be on honest & not corrupt leadership. It is happening now in several countries in Asia, Europe, ME et al. People/Citizens (especially the young millennials) are fed-up of hypocrites, liars, corrupt leaders, & will vote or rebel (when given the opportunity) them out of office. There is never a perfect system in governing a country and its people. There have been failures where "Demo-Crazy" exists, and so too with some "Autocra-zy" nations. Economic progress can be seen in countries BIG & SMALL thru' infrastructure developments, and their citizens well being taken care. .

Like in the Trump administration right now is a supposedly Christian harmonious country where lives and countries are destroyed through the eyes of the radical conservatives?o_O
 
now noticed the tweet
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China’s potential support ratio, or working-age persons per senior citizen, was about 4 at the end of 2017, as its elderly population reached 240 million, accounting for 17.3% of the total population, an official data report says.

De22lJCU8AA4JVa.jpg
 
now I read
China sees steady economic activity in May: report
Xinhua| 2018-06-05 13:45:36
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China posted steady economic growth in May, supported by a string of solid data, according to a report by Standard Chartered Bank.

China's official manufacturing purchasing managers' index (PMI) increased by 0.5 percentage point to 51.9 in May, the highest since September 2017, suggesting solid production activity, the report said.

The bank estimated a year-on-year increase in Consumer Price Index (CPI) inflation to 1.9 percent for May, up from 1.8 percent in April on higher non-food inflation, which was likely driven by an increase in travel and transportation expenses during the May Day holiday and rising global oil prices.

"We expect Producer Price Index (PPI) inflation to have risen further to 4.3 percent year on year in May, based on interim data. The latest producer output price PMI rose to a five-month high," it said.

Retail sales growth is likely to improve to 9.9 percent, helped by the May Day holiday. Infrastructure investment may have picked up as authorities urged effective budget implementation. Fixed-asset investment growth is likely to stay firm at 7 percent.

Trade performance is expected to have remained solid, with both exports and imports growing in the double digits. The bank expected the trade surplus to have widened to 33 billion U.S. dollars.

Growth of M2, the broad money supply, is likely to accelerate to 8.8 percent year on year from 8.3 percent in April. The reserve requirement ratio (RRR) cut in April increased the money multiplier, and the central bank also made a net liquidity injection through open-market operations during the month.

Chinese yuan loans and total social financing (TSF) growth may have both inched up in May, the report said.
 
I've heard of
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before, but admit I haven't heard of
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now see it's five million people, LOL! amazing
anyway:
China grants permission for first private high-speed railway project
Xinhua| 2018-06-05 18:51:46
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East China's Zhejiang Province has granted permission for the country's first high-speed railway project undertaken by private company, said the provincial economic planner Tuesday.

The railway, 226.56 kilometers long and designed for a maximum speed of 350 kmh, is an intra-provincial route connecting Shaoxing and Taizhou.

The project is jointly invested by private capital led by Fosun Group, state-owned China Railway, and Zhejiang Communications Investment Group Co. Ltd, as well as the local government.

The investment totaled 44.9 billion yuan (7.01 billion U.S. dollars), with private capital led by Fosun Group holding 51 percent of the shares.

Fosun Group signed the agreement with the Zhejiang provincial government in September. The railway is expected to be completed in 2021 and will operate for 30 years.
 
yet another amazing numbers inside
Economic Watch: China seeks to green logistics services to beat plastic pollution
Xinhua| 2018-06-05 19:01:53
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The rapid development of China's logistics industry has made daily delivery services quicker and cheaper, and now the world's largest delivery service market is looking to make logistics greener by reducing plastic pollution.

The country saw about 40 billion parcels delivered last year, up 28 percent year on year, ranking top globally for the fourth consecutive year, official data showed.

The 40 billion parcels required about 8 billion plastic envelopes and a huge amount of rolls of tape, which prove to be a growing concern for environmental pollution, according to Sun Kang, secretary general of China Express Association.

The problem of parcel packaging pollution has drawn attention from regulators. It is reported to be one of the topics highlighted at a tone-setting national meeting on environmental protection in May which aims to achieve a fundamental improvement in the quality of the environment and basically build a Beautiful China by 2035.

The State Post Bureau (SPB) and another nine government agencies last November issued guidelines which require that half of external packaging to be biodegradable, 90 percent of bills electronic, and packaging for each parcel reduced by 10 percent by 2020.

The country's top standardization administration issued new guidelines in February that require packages for express delivery goods to be thinner and more recyclable effective from September.

Meanwhile, many logistics market players, both state-owned and private, have taken measures to address the challenge.

China Post Group Corporation, the state-owned postal service provider, said last month that it is aiming for over 90 percent of its waybills to be digital and for more than half of its packaging materials to be biodegradable by 2020.

Cainiao Network Technology Co Ltd, the logistics affiliate of Alibaba Group, announced plans in late May that all of its delivery sheets would be made from renewable materials by 2020, and it would promote the use of a paperless, electronic system for logging deliveries.

E-commerce site Suning.com has planned to increase the number of recyclable delivery boxes to 200,000 this year and use at least 2 billion green packages by 2020.

China's green logistics technology equals or even outperforms that of foreign counterparts, but the country is still in the early stages of developing a green logistics mechanism, said Fang Xi, a senior SPB researcher.

"It takes effort not only from logistics firms, but also improving public awareness and a sounder regulation framework," Fang added.
 
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