Chinese Economics Thread

Rising China

Junior Member
:china::china::china:

I agree with Assassins Mace. Electric bikes are in demand in Southeast Asia as well, especially those countries next to China.
 

bladerunner

Banned Idiot
[QUOTE said:
AssassinsMace;108342]China's infrastructure is better than you think. Remember, they're basically starting from scratch unlike the US who has old infrastructure still in place.

I never made any comment on Chinas infrastructure or lack of, in the use of electric cars/ only what are they doing

China has a lot more room to work with. I live in the US and I know no one with a plug-in unit in their house. So basically that means the US is not "more" advanced in that regard.

Exactly, thats where I would have thought a firm like BYD, in aspiring to be the biggest manufacturer of electric cars/cars by 2025? and hopes to be exporting to the USA would be in the forefront with infrastructure ideas. Futhermore I didnt say follow the USA, but what ever type of car one is exporting over there, would have to suit what ever infrastructure theyve decided to go for.
 
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bladerunner

Banned Idiot
Oh Well Shi... Happens as they say. Comes with being the richest man in China? but then again there were proven issues with the car like ambigous advertising, something learn't from the WEST


Woman sues China's richest man
By Shen Jingting (China Daily)
Updated: 2009-10-15 09:04
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A Beijing woman is suing BYD, the car company owned by China's richest man, because the airbags on her car failed to activate during a collision.

Huo Yanhong told Beijing Second Intermediate People's Court that she bought a 40,000 yuan ($5,870) from Beijing Wanda Automobile Service Company because it was advertised as having a "5 star" safety system.

However, when a friend who had borrowed the vehicle was involved in a serious rear-end collision the next month, the air bags on the car failed to activate.

Outside court, the woman's lawyer Han Bingsheng told METRO that the Huo's friend suffered concussion and was in hospital for one week after the crash.

Huo is now suing BYD for exaggerated promotion of its safety, he said. BYD and Huo have both expressed a desire to settle out of court and will meet to negotiate in the coming days.

BYD is owned by Wang Chuanfu, who this week was named the nation's richest man with a fortune of more than $5.1 billion.

His pioneering company, which began a battery maker, has attracted investment from US billionaire Warren Buffet, who has acquired 10 percent of its stock.

Mrs Huo told the court that she browsed many car brochures before deciding on a vehicle. She chose the BYD F0 auto because it was advertised as having "5 star safety".

However, she later learned that the car only received a 3-star rating in a safety test conducted in September by the China Automotive Technology & Research Center.

The test result was released on Sept 24. Among the 18 auto models tested, the BYD F0 cars scored a total of 38.9 out of 51 in collision test. The Peugeot New 307 received a 5-star rating, with Beijing Hyundai Sonata and ChangFeng Motor CS6 awarded 4-star ratings.

Mrs Huo said BYD cheated customers because its F0 model did not have a 5-star rating, and in addition, it did not even have a star rating before September. She asked the court to demand BYD stop making fake advertising claims and for a public apology.

BYD refused to comment when contacted by METRO.

Han said BYD told the court that the "5 star" slogan was just used to show their love for China, because the national flag is composed of 5 stars.

Han said that it was well known in the industry that 5 stars referred to the safety test levels. The company said the F0 car met the national standard and passed the national safety collision experiment.

Speaking outside court, Jia Xinguang, an auto industry expert, said that the national safety check requirement just checked a sample of the car model, and the C-NCAP was not compulsory.

"The national safety check conducted by government acts like a production permit. If you pass it, you can make cars. The C-NCAP test is just a recommended requirement, not all the cars have to under through it," Jia told METRO.

"And what's more, these two test standards are far lower than international standards."

"Without a random inspection from time to time and assessment reports from the customer side, the safety of cars made in China will be largely uncertain."

Also speaking outside court, Li Zhiqiang, director of Beijing BYD Owner Association, a car club, said he bought a BYD F3 car for 67,000 yuan in 2007, but had not experienced safety problems with the car.

"As far as we know, for the F3 car model, the most popular BYD model, our members usually have a good response; but for the new F0 car, we are not that familiar enough with it to talk about it." Li said. "Many people living in Beijing buy BYD now, because of its cheap price."

BYD Co is aiming to become the nation's largest passenger car manufacturer ahead by 2015. It wants to overtake Toyota as the world's No 1 carmaker, and sell more than 10 million cars annually by 2025.
 
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maozedong

Banned Idiot
Oh Well Shi... Happens as they say. Comes with being the richest man in China? but then again there were proven issues with the car like ambigous advertising, something learn't from the WEST

You fools, this is only to tell you that the Chinese people that everyone is equal before the law. Is not really to tell you there is the car problem, in the Western, there are consumers proceedings every day.
in recently Toyota recalled 250,000 cars in Canada becaurse the brake system is not safe, that is the real problem.

China-made auto sales up 77.88% in September
Xinhua, October 13, 2009

Sales of China's home-made automobiles totaled 1.33 million units in September, up 77.88 percent over the same period last year, the China Association of Automobile Manufacturers (CAAM) said Tuesday.

The figure went up 16.98 percent month on month. It was the seventh month in a row that saw auto sales exceed one million units, the CAAM said in a statement on its website.

Over the January-September period, the sales of domestically made automobiles exceeded 9.66 million, up 34.24 percent year on year, according to the CAAM. The country produced more than 9.61 million units, up 32.01 percent.

The increase in September sales was boosted by surge in sales of passenger vehicles, which jumped 83.62 percent from a year earlier to 1.02 million units in September, the CAAM said in the statement.

From January to September, the sales of passenger vehicles hit 7.24 million units, up 41.90 percent from the same period of last year. A total of 7.16 million units of passenger vehicles were produced in the first nine months.

The CAAM said the surge in sales was boosted by the government's policies to stimulate automobile purchase. China cut the purchase tax on passenger vehicles for models with engine displacement of less than 1.6 liters.

Whether the policy would be continued next year was not decided yet,according to an official with the CAAM.

from last year China has became the most production of vehicles in the world, like the Hummer so little number of cars entering the Chinese market, it seems like sands poured into the sea.
But the issue of environmental protection can not be ignored, therefore, China has vigorously promote the development of fuel cell vehicles, is far-sighted.
 

AssassinsMace

Lieutenant General
China is held to different standard. If the Chinese government lies it's a reflection of the whole. When they lie, it's a democracy where people have the freedom to lie so it's okay. Until of course if China ever becomes a democracy, it'll still be a reflection of the whole with a new excuse why. The NYTimes had an article once that showed a homeless Chinese person in China where they basically declared China a failure because there was homeless person in China. So what does that mean to them? Does China revert back to colonial control because the Chinese people don't know how to take care of themselves even though I pass homeless people on the streets of the US all the time?
 

bladerunner

Banned Idiot
You fools, this is only to tell you that the Chinese people that everyone is equal before the law.

I dont think everybody really believes that of China as evidenced in the opinions contained in the "Rich Kid in Accident thread"


What happens in China when you have a serious car accident, who pays for the medical treatment.?

2/ Dont they have manufacturers gaurantees in China, for the owner of the car to have to go to court.? or is she captalising on the BYDs major share holders sudden prominence to get a more favourable compensation from BYD, if indeed there had to be any. I find it interesting that she had to go to such great lengths to try to get compensation.
 

RedMercury

Junior Member
Outside court, the woman's lawyer Han Bingsheng told METRO that the Huo's friend suffered concussion and was in hospital for one week after the crash.
Why would a rear end collision cause the airbags to deploy? Airbags wouldn't protect you from whiplash, which is the main threat. The other possibility is that her friend hit someone else on the rear, which means her friend is an idiot. And knowing Chinese drivers, probably wasn't wearing a seatbelt, expecting airbags to protect alone, when they are not designed to.

Anycase, Huo's motivation is to make it up to her friend, because she probably let her friend borrow the car with the assurance that it was "5 star safe", and now she has to eat her words, so she in turn sues BYD.

IMHO, BYD should pay fines for false advertising, but not compensation for the injury.
 

Damingli85

Junior Member
Anyone read the WSJ opinion piece by Tony Blair? His article on China really shook me, mostly because I had no idea he had such an understanding of China.

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If most of you can't get to it, I will post the article here.
 

bladerunner

Banned Idiot
Anyone read the WSJ opinion piece by Tony Blair? His article on China really shook me, mostly because I had no idea he had such an understanding of China.

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If most of you can't get to it, I will post the article here.

I have, hes a pretty intelligent person , I think he went to Cambridge/or Oxford It is a thoughtful piece, but then hes not encumbered by the office of Prime Minister, back then he wasn't able to advocate cutting China some slack, with all the other pressure groups on his back, politics and all that.
Personaly I think the Iraq war stuffed him up as a PM, he could have done so much more.
 
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