Chinese Economics Thread

siegecrossbow

General
Staff member
Super Moderator
You totally misunderstood the art of "public communication".

A "journalist" only says what his boss (and the greater power) wants him to say. He'll have a job and advance his career only if he joins the game and contributes to the agenda. Journalism died long ago.

...And how does the boss sell the paper? Say what the people want to hear.
 

Player 0

Junior Member
...And how does the boss sell the paper? Say what the people want to hear.

No this has always been what journalism was, the whole heroic picture of journalists revealing the truth are actually very rare, events like the watergate scandal and a century before with the big expose on the corrupt practices of America's meat packing industry are few and far between, the main meat of the industry has always been pandering to the lowest common denominator.
 

Martian

Senior Member
Machine Tool Superpower

Machine tools: the foundation of industrialization - they're used to make everything

World's largest manufacturers of machine tools in 2010:

1. China - $20 billion
2. Japan - $11.8 billion
3. Germany - $9.7 billion
4. Italy - $5.2 billion
5. South Korea - $4.5 billion
6. Taiwan - $3.8 billion

Source:
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World's largest exporters of machine tools in 2010:

1. Japan - $7.8 billion
2. Germany - $6.6 billion
3. Italy - $3.3 billion
4. Taiwan - $3 billion
5. Switzerland - $1.8 billion
6. China - $1.8 billion

Source:
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"Taiwan 6th-largest machine tool maker
2011/07/09 20:39:28

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Taipei, July 9 (CNA) Taiwan ranked as the sixth-largest machine tool maker in the world in 2010 in terms of production value, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Saturday.

Citing data released by Gardner Publications Inc., a U.S.-based publisher of media on durable goods manufacturing, the DGBAS said output of Taiwan-made machine tools totaled US$3.8 billion (NT$109 billion) in 2010, up 67.8 percent from a year earlier.

China's production value of machine tools -- worth US$20 billion -- was the largest in the world last year, followed by Japan' s US$11.8 billion and Germany's US$9.7 billion, according to the data.

The top three producers accounted for 62.7 percent of the world's total output, which rose 21.2 percent from 2010 to US$66.3 billion, the data shows.

After the financial meltdown of 2008, the global machine tool sector got back on the road to recovery from the second half of 2009, the government agency said.

In 2010, Japan ranked as the world's largest machine tool exporter, selling US$7.8 billion-worth of products overseas, up 85.8 percent from the previous year, followed by Germany and Italy.

Taiwan was the fourth-largest machine tool exporter, shipping US$3 billion-worth of products abroad, up 72.1 percent year-on-year. (By Lin Hui-chun and Frances Huang)"

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Taiwan shows its prowess as World #4 in machine tool exports

The following videos are all high-definition (e.g. make sure to select 720p for the YouTube video in the bottom right-hand corner), widescreen, and in English. Each one is only a few minutes long. The videos provide a comprehensive and entertaining look at Taiwan's machine tool industry. For anyone interested in technology, I highly recommend watching them.

General overview of Taiwan's machine tool industry:
[video=youtube;NzDUYIcKX6A]http://www.youtube.com/watch?v=NzDUYIcKX6A[/video]

[video=youtube;AV29SN0eFsg]http://www.youtube.com/watch?v=AV29SN0eFsg&feature=related[/video]

The following videos have a similar format. The first two-thirds of each video discuss the outstanding technical features of the machine tool. For an ordinary person like myself, it is the last third of the video with action-packed footage that I find the most interesting.

High-tech features of specific machine tools:

CNC Engraving Machines, Laser Engraving & Cutting Machines
A beautifully-compact machine with 0.005 mm accuracy!
[video=youtube;QyGMA7g1n-8]http://www.youtube.com/watch?v=QyGMA7g1n-8[/video]

CNC Lathe, CNC Automatic Lathe
"Ultra-fast efficient machining"
[video=youtube;edJYIarO4R0]http://www.youtube.com/watch?v=edJYIarO4R0&feature=related[/video]

CNC Lathe, CNC Turning Center
Heavy machining of medium carbon steel, steel alloy, and aluminum alloy
"Fast turns and guaranteed repeatable accuracy"
[video=youtube;tfaOgAqTguM]http://www.youtube.com/watch?v=tfaOgAqTguM&NR=1&feature=fvwp[/video]

CNC Turning Center, CNC Turning Lathe
"For milling and complicated machining"
[video=youtube;kjGJaAK1fhQ]http://www.youtube.com/watch?v=kjGJaAK1fhQ&feature=related[/video]
 
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AssassinsMace

Lieutenant General
Did you hear about Nouriel Roubini being caught in a lie about his bleek China outlook recently? Apparently he took a maglev train ride from Shanghai to Hangzhou that he said was half empty. Problem is there is no maglev train from Shanghai to Hangzhou. Not even sure the HSR line has been completed yet. Does anyone know? Of course the mainstream media is not going to point this out.

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Mcsweeney

Junior Member
He probably just mixed up the names of cities, as usual. I constantly hear people mixing up "Taiwan" with "Thailand". Really though, a half empty maglev train? Is that really so bad? Why not half full maglev train?
 

i.e.

Senior Member
Did you hear about Nouriel Roubini being caught in a lie about his bleek China outlook recently? Apparently he took a maglev train ride from Shanghai to Hangzhou that he said was half empty. Problem is there is no maglev train from Shanghai to Hangzhou. Not even sure the HSR line has been completed yet. Does anyone know? Of course the mainstream media is not going to point this out.

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"I was recently in Shanghai and I took their high-speed train to Hangzhou," he said, referring to the new Maglev line that has cut traveling time between the two cities to less than an hour from four hours previously.

"The brand new high-speed train is half-empty and the brand new station is three-quarters empty. Parallel to that train line, there is a also a new highway that looked three-quarters empty. Next to the train station is also the new local airport of Shanghai and you can fly to Hangzhou," he said.

"There is no rationale for a country at that level of economic development to have not just duplication but triplication of those infrastructure projects."

"

Funny stuff, He prob never sat his foot on those trains.

I don't think he knows what he is talking about, even if you discount the erroneous maglev reference. He should know that there is no Flight you can take from Shanghai to Hangzhou, at least no one would take those flight,

I have worked with local businesses in Shanghai which has extensive business ties in Hangzhou Xiaoshan area, right next to Hangzhou's airport, and everytime they travel they take those "half empty" trains to those "three quarter empty" stations. instead of driving or buses. or a "flight".

Last time I took a train from Shanghai's Hongqiao Terminal to Changzhou, which is halfway between Shanghai and nanjing, right after holiday season where there is suppose to be the slow time... the Changzhou terminal was packed. Shanghai terminal was packed, the trains are at 3/4, and it was on a thursday!

Yep, I just called Roubini a lier.
 

i.e.

Senior Member
He probably just mixed up the names of cities, as usual. I constantly hear people mixing up "Taiwan" with "Thailand". Really though, a half empty maglev train? Is that really so bad? Why not half full maglev train?

There is no maglev he can take to a "city",
Shanghai's Maglev starts from Pudong Airport and ends at a terminal couple miles from Down Town Shanghai.

Now if he is referring to HSR that's another story.

another shoddy peice of journalism by a shoddy journalist on a shoddy dude.
 

i.e.

Senior Member
And the "new local airport of shanghai", that's right next to the train station.
I assume it is Hongqiao Airport.

Ah, except it is about XX years old. it was the international one until it was literally bursting at capacity and they had to build a new one in pudong.

I have got to check my portafoilo tonight if I have any financial exposure...

to this Nouriel Roubini dude who seems doesn't like to do even the basic fact checks...
 

zoom

Junior Member
I was also on that train recently,maybe the very one NR was on( or wasn't) but i didn't see him.It is a high speed train and with all honesty i would say that judging by the waiting lounges and carriages,it was no better than 50% full and my trip back to Shanghai was the last train i think too.Also there were 2 power outs on the return journey within seconds of each other but it was soon on it's way again in less than a minute.I have experienced the Japanese Shinkansen as well and would say they are not as good as China's.The legroom is vast, you can get a wardrobe between your knees and the seat in front and the journey is ultra smooth.I was on the Maglev too but it got really shaky at top speed (431kmh).I have included a photo of the train i was on as well as the tickets which i still have. I was disappointed that my Maglev ticket was retained by the railway staff.:(

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