Goldman Sachs bets on China

chiny24.com 2 years ago

Goldman Sachs bets on China

Goldman Sachs, 1 of the largest U.S. investment banks, predicts that at the end of this year shares from Chinese stock exchanges could bring more than 24% of the profit [1]. At the same time, the bank expects China's GDP to increase by about 5.5% in 2023. The Chinese economy according to analysts Goldman Sachs is about to gain peculiar vigor in the second and 3rd quarters of this year.

Source:

[1] https://www.cnbc.com

The world's largest container ship

Sea trials began the largest container ship in the planet built in the Chinese shipyard for the Mediterranean Shipping Company SA (MSC), an global shipping company based in Switzerland. [1]. The dimension of the unit is 399.99 metres, width 61.3 metres. The surface of the deck is 24,000 m2. The ship can transport 24,346 standard 20-foot containers (TEU) that emergence above the sea surface to 20 floors. MSC Tessa – that's the name given to the ship – is the world's first unit capable of transporting more than 24 1000 TEUs.

Source:

[1] https://www.chinanews.com.cn

Full order portfolio

Only the 3 largest shipyards in Shanghai:

    • HuDong-ZhongHua Shipbuilding (Group) Co., Ltd. (沪东中华造船(集团)有限公司),
    • JiangNan Shipbuilding (Group) No., Ltd. (江南造船(集团)有限责任公司),
    • Shanghai WaiGaoQiao Shipbuilding Co., Ltd. (上海外高桥造船有限公司),

belonging to China Shipbuilding Group Co., Ltd. (中国船舶集团有限公司), received 72 orders for fresh ships last year [1]. These shipyards carry out a full of 183 contracts, which exhaust their production capacity by the end of 2027. Shanghai shipyards are the only in the planet capable of simultaneously building an aircraft carrier, LNG transport ships, large cruise ships, the world's largest container ships and specialized car transport ships.

In China, shipyards are a profitable business. Just like South Korea.

Source:

[1] https://www.shobserver.com

New rocket drive

Chinese scientists from the National Defence Technology University of Changsha (解放军国防科技大学) in HuNan state announced that they had made a breakthrough in the improvement of engines for “scramjet”-type hypersonic rockets [1]. Thanks to innovative solutions, they importantly increased their possible coverage. During tests of a fresh kind of hypersonic engine, it has been shown that the rocket it will drive can scope a velocity of over 6 Mach (about 7 150 km per hour) with 79% of the fuel consumption.

The operation of the “scramjets” is to accelerate the vehicle to supersonic speeds and then usage these speeds to compress the incoming air before burning the fuel, which in this case is simply a powder containing boron. The mixing of air with fuel under these conditions may produce utmost speeds, but no peculiarly advanced performance has been achieved so far, since the advanced air flow rates have been a challenge to control the correct proportions of air mixing with fuel, which imposes the issue of ignition and combustion initiation, which should take place during periods measured in milliseconds.

The fresh technology proposed by Ma Likun, an emergency prof. at Changsha National Defence Technology University and a squad of military scientists, uses additional nozzles in the engine to slow the air flow to subsonic speeds before burning, which gives more time to mix fuel and improves drive efficiency. The advantage of the fresh plan is that during flight the engine switches to a more efficient variant, which importantly increases the scope of the rocket being driven by it.

The usage of the fresh engine will affect the pace of advancement of specified Chinese space program projects as lunar and Martian missions. The limits of the anticipation of space exploration by the mediate State are moving.

Source:

[1] https://www.iflscience.com

I don't think the United States will always be able to halt China from producing or having the most advanced microprocessors.

– stated Bill Gates in an interview with the diary of the Final Times [1]. Gates added that any effort to block China's access to certain electronic components will consequence in the mediate State speeding up efforts and expanding the financing of investigation programmes and the production of its own advanced microprocessors and another semiconductor components.

Source:

[1] https://www.ft.com

Data disposal

The population of the city of WuXi (无锡) in JiangSu state (江苏) was the first in the country to dispose of about 1 billion individual data collections collected during the Covid-19 outbreak [1].

The same steps are besides taken by GuangZhou (广州 / Canton), the capital of GuangDong state (广东) inhabited by 18.8 million people.

Representatives of the audit firm and the notarial office were invited to participate in the data-processing work to guarantee that the data is completely destroyed and cannot be recovered. It is assumed that the disposal of all unnecessary data collected during the 3 years of the epidemic will be carried out in a multi-stage process. This action will cover many Chinese cities that will carry out analogous actions according to their procedures.

Source:

[1] https://www.guancha.cn

Insurance for all employees

Beijing, Shanghai, JiangSu and GuangDong provinces are introducing this year's pilot social/emeritus insurance strategy for workers employed under alleged "flexible contracts", without a permanent employment contract [1]. In the case of flexible contracts, the wage of the worker depends on the number of hours worked by the worker (the alleged chord). A large group of people work in China on specified conditions. These include, for example, seasonal mill workers, parcel/currier suppliers, taxi drivers or livestreamers.

The pilot programme introduced and monitored in these regions provides for the inclusion of workers in flexible accident insurance contracts. To date, workers under specified contracts have been deprived of most of the social amenities manifest in the case of staff employed under an employment contract. The fresh insurance strategy is intended to guarantee that all employees will work on the basis of contracts (of a different type), and so will be covered by social insurance, without distinguishing between the kind of contract or the specificity of the work performed.

Source:

[1] https://i.ifeng.com

Unburied burial aid

The authorities of FuZhou (福州), the capital of the coastal state of FuJian (福建), introduce by way of a test provisions enabling the usage of subsidies for those who decide to spread the ashes of their dead in the sea. FuZhou civilian Affairs Office takes on the organisation of this form of burial [1]. The surcharge is 3000 RMB (approx. 1922 PLN) for 4 members of the deceased's household who obtained local hukou before the death of the loved one. 2 people from the closest household (parents, spouses, siblings, children) can be added to the burial at sea, as well as 2 from the next household (cousins, uncles, aunts, nephews, nieces, grandchildren, etc.). The city of FuZhou provides mourners with a ship to go to sea, and from the deck from which the ashes of the deceased can be scattered. In addition, snacks and drinks are served free of charge during the ceremony on the ship.

Such action by the local administration is not amazing to take into account that in China the agricultural land accounts for just over 10% of the full area of the country, and its largest areas are mainly in the east part of the country, where at the same time the largest Chinese cities are located. In this FuZhou.

Source:

[1] http://www.mnw.cn

Free city matrimony services

The city of GuiXi (贵溪) in JiangXi state (江西) has come up with an innovative task aimed at expanding the number of marriages here [1]. The competent municipal administration department in the task prepared a registry of all bachelors and maidens surviving in Guixi, as well as in districts and municipalities within the administrative boundaries of the city. In the next step, the administration launched a dating app for which the database became the mentioned registry. Any curious individual covered by the registry could run their account in the application free of charge. It can besides be utilized free of charge by anyone looking for a partner. The app works as typical dating platforms, allows you to make virtual contact, lead to a gathering in a “real” and then... And then possibly we can get a couple to face the civilian position authoritative of the city of Guixi to marry.

City authorities are not just promoting their dating app. Officials of the place play the function of matchmaker, organizing various types of events and events for couples. Among these events are dances, cultural events, or blind dates.

If a pair associated with the application stands on a wedding carpet, they shall not pay for any authoritative formalities related to the conclusion of marriage.

The dating app is very popular among the singles from Guixi.

Source:

[1] https://www.guancha.cn

Falling Birthday in Beijing

Beijing, as well as another major cities of China, faces a decline in population. In 2022 there was the highest drop in birthdays over 2 decades, about 11% (5.67 per 1,000 people) year to year [1]. At the same time, an increase of 6.1% (5.72 per 1,000 people) y/y was recorded in the Chinese capital. Beijing's fixed population decreased by 0.2% to 21.84 million.

This phenomenon occurs despite the departure in 2016 from the policy of 1 kid (in force in 1979-2015) and the liberalisation of the rules on the number of children held. Since 2021, Pekinese may have 3 children. Meanwhile, between 2021 and 2022 the Chinese capital population decreased by 43,000 people.

Researchers point to the crucial impact of the COVID-19 epidemic on the couple's decision to have a first or second child. A time of uncertainty is not conducive to specified serious decisions.

Source:

[1] https://www.163.com

What does the MFA spokesperson say?

  • On financial assistance and support by the CIA in the 1960s, the alleged Government of Tibet in Exile, the Dalai Lama and another separatist movements from this region:

The U.S. government tried to divide China in the past by supporting the armed rebels, but this effort ended in a complete failure. Today, under the cover of the alleged "human rights", the United States is re-involved in political manipulation of the "Tibbet issue", including setting up under its administration the alleged "Special Coordinator for Tibet", disseminating false information about the situation in the region, creating false reports related to Tibet, financing the Dalai Lama's activities.

All of this proves that the United States has inactive not given up its attempts to interfere in China's interior affairs and to limit their improvement under the pretext of, among another things, "the question of Tibet". Indeed, this issue is not an ethnic, spiritual issue, it is not about human rights, but it is about the national sovereignty and territorial integrity of China. We hope that the global community will clearly realize the substance of the problem and powerfully argue American political manipulation in support of China's legitimate position.

  • About John Kirby's statement, the National safety Council White House's strategical communication coordinator, that China is replicating the Russian propaganda message on Ukraine:

Kirby thinks China's position on Ukraine is unfair. But China is not the creator of the crisis in Ukraine, it is not a organization to the crisis, it has not delivered weapons to any organization to the conflict. They actively advance the resolution of the crisis through dialog and negotiations. China has no selfish intentions about Ukraine, it does not stand idle, but it does not add fuel to the fire and does not take advantage of the chance to make a deal in this war. What China does comes down to convincing parties to talk about peace.

  • On the Russian motion for a UN safety Council resolution on the investigation into the demolition of the Nord Stream pipeline:

The Russian motion for a resolution aims to conduct an global investigation into this explosion, to aid establish the fact as shortly as possible. China supports this discussion and a possible UN safety Council resolution.

Source:

https://www.fmprc.gov.cn/fyrbt_673021/

Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China

Email: [email protected]

Editorial: Leszek B.

Email: [email protected]

© China: Facts, Events, Opinions – www.chiny24.com

Read Entire Article