Chinese Economics Thread
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Shein products are using Xinjiang cotton and spying on American consumers legislation coming within a year guaranteed.
I bet the West asked permissions from the flora and fauna back then when they want to start mining something.
No wonder they have such hilarious logic.
It also reduces the methane released into air, and lowers the risk of explosions when mining the coalbeds after extraction. So yeah it is a triple winner.
In 2020, Shanxi ranked 26 in GDP/capita among China's 31 direct administrative regions. So this development also contributes to China's common prosperity initiative.
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The fourth wireless network operator, China Broadcasting Network Corp Ltd, is joining the Chinese 5G market three years after it received the license from MIIT.
Upon entry, this newcomer is expected to offer some very competitive deals to its potential users to take market share away from the three incumbents. One observer even predicts the 5G package as low as "9.9 yuans for 10GB" which were common during the earlier price wars between the current three operators.
What's more interesting is this paragraph about how big the mobile data market is in China and how fast the mobile users are switching to 5G.
"According to the stats data released by MIIT, by end of May, the existing three operators have 1.66 billion mobile user accounts in total. The number represents a net gain of 19.66 million accounts since the end of last year. Among them, 428 millions, or 25.8% of the total, are on 5G. That is an increase of 73.34 millions in the past 5 months."
Upon entry, this newcomer is expected to offer some very competitive deals to its potential users to take market share away from the three incumbents. One observer even predicts the 5G package as low as "9.9 yuans for 10GB" which were common during the earlier price wars between the current three operators.
What's more interesting is this paragraph about how big the mobile data market is in China and how fast the mobile users are switching to 5G.
"According to the stats data released by MIIT, by end of May, the existing three operators have 1.66 billion mobile user accounts in total. The number represents a net gain of 19.66 million accounts since the end of last year. Among them, 428 millions, or 25.8% of the total, are on 5G. That is an increase of 73.34 millions in the past 5 months."
China's first intelligent factory for offshore drilling equipment starts operation
Updated 15:04, 27-Jun-2022
China's first intelligent factory for the production of offshore gas and oil extraction equipment was put into operation on Sunday, marking a breakthrough in pivoting the industry to intellectual manufacturing.
Covering an area of about 575,000 square meters, the factory has three intelligent production centers, seven auxiliary workshops and eight assembly stations.
It has a designed annual production capacity of 84,000 tonnes and is equipped with a dock able to harbor various large offshore engineering ships, including floating production storage and offloading (FPSO) and liquefied natural gas (LNG) carriers.
In addition, the factory is equipped with over 400 sets of intelligent production machines that can increase the overall efficiency by over 20 percent.
"The intelligent factory has over 400 sets of intelligent production equipment, which not only greatly reduce labor input, but also help control the output parameters through intelligent equipment, avoiding potential human errors and ensuring the safety of personnel during production," said Geng Xiaomin, senior technician at CNOOC Tianjin Construction Branch.
The factory was developed by a research team with over 200 engineers along with China's top universities and institutions, applying about 10 latest technologies to fill the void in the field in China, said CNOOC.
"We adopt a large number of advanced technologies such as 5G, industrial big data and artificial intelligence to realize whole-process intelligent manufacturing, from project management and control to workshop construction and factory management," said Wang Huifeng, general manager of CNOOC Tianjin Construction Branch. "Its intelligent operation and management model can be applied in the offshore oil and gas equipment industry."
The smart factory can achieve an annual output value of 4 billion yuan (about $600 million), China Media Group reported.
Super-large natural gas storage facility starts operations in North China's Inner Mongolia: media report
By Global Times Published: Jun 27, 2022 01:00 AM
Photo: Screenshot of CCTV News
China on Sunday witnessed the start of operations of a recently built super-large natural gas storage cluster in North China's Inner Mongolia Autonomous Region, China Central Television (CCTV) reported.
As a key oil and natural gas infrastructure project, the Changqing oilfield Sudong 39-61 natural gas storage cluster was officially put into operation on Sunday. The facility has a designed capacity of 2.23 billion cubic meters and an operational gas volume of 1.08 billion cubic meters.
According to CCTV's report, a deputy factory director under the China National Petroleum Corp mentioned that the facility could increase about 3.5 million cubic meters of natural gas supplies every day for the winter peak in 2022.
After reaching the designed capacity, the storage can increase about 12 million cubic meters of natural gas supplies every day. Considering that a family of three uses about 1 cubic meter of natural gas each day on average in winter, the natural gas storage can meet the demand of about 100 million households for 10 days.
Besides, the facility can store surplus natural gas in summer and autumn when demand is low, while supplying it in peak seasons of winter and spring, thus contributing to alleviating the supply shortage of natural gas in certain periods of the year.
The factory executive also noted that relevant companies using stored gas during peak seasons can reap some profit .
China's consumption of natural gas showed a rising trend in recent years. In 2021, the country's natural gas consumption reached about 373 billion cubic meters, up 12.7 percent, according to data released by China's National Development and Reform Commission.
According to the last report, Swiss banks are "rigourously implementing" anti Russia sanctions. It sort of defeats the purpose of loosening dollar hegemony to give control to this pool to Swizterland, which is a faux neutral state (not really neutral). Please for the love of god run away from US/Euro institutions, folks!