Tag Archive | "China"

China, Japan plan to lead computing industry


China and Japan have powerful plans to seize leadership of the superior computing industry from the United States.

The preliminary step for those plans occurred last November when China soared from the crowd to assert two of the top ranks on the list of the top 500 supercomputers in the world. On the other hand, Japan shocked the world this week by shining into the number one spot with the K Computer, more dominant than the next five systems on the list when combined.

The people in China also plan to create their own exascale-class computers, devices with a thousand times of the processing power of the greatest supercomputers today, before the decade ends. Japan signaled its intention to outpace or equal its neighbor. Furthermore, China and Japan hold four of the top places on the Top 500 list.

According to the 2008 report of the U.S. Council on Competitiveness, supercomputing is a component of the corporate armory to beat competitors by staying one phase toward on the modernization curve. The council also concluded that it offers the authority to design products and examine information in means once unbelievable.

The potential for the economy of the U.S. is massive. Boeing employed supercomputers at the Oak Ridge National Laboratory at its Energy Department to speed up the design of its 787 and 747-8 aircrafts. The airline company also assembled and tested 77 wings in 1980s for the 767 aircraft. Reproductions of supercomputers lessened that amount to seven for most current airplanes of Boeing.

Doug Ball, the chief engineer of Boeing, said that their work with supercomputers lets them to get a well product out the door quicker, which makes them more competitive with others. Navistar partnered with Lawrence Livermore National Laboratory Energy Department and Ames Research Center of NASA to use supercomputers of Livermore to design technologies that enhanced the effectiveness of fuel in the trucking industry by lessening aerodynamic drag.

Posted in TechnologyComments (0)

China, Japan’s competition warning to raise shipbuilding sector in Korea


China and Japan’s competition was barely been a warning to raise shipbuilding sector in Korea so far this year.

Several shipbuilders in Korea are on rate to easily exceed their yearly targets. Hyundai Heavy Industries, the biggest shipbuilder in the world, is leading the group with offshore factories in the books and 44 ships this year totaling about $11.7 billion, including the statement released yesterday that the company won a $1.1 billion order to construct two drill ships for Rowan Companies.

Furthermore, having already settled orders for nine drill ships worth $5 billion, as well as an alternative to construct three more, Hyundai ranks at the top among shipbuilders fir the most orders of drill ship all over the world. With high-value transactions like offshore factories and carriers of liquid natural gas, the company already reached 60 percent of its target for this year worth $19.8 billion.

According to an official of Hyundai Heavy, with incessantly increasing global oil costs recently, more investments are being created in resource development. An official also said that the interest in oil-field development is changing offshore, and they believe that the surging need for drill ships will persist.

On the other hand, Samsung Heavy Industries, the second biggest shipbuilder around the globe, is even further along in reaching its target orders this 2011. A current $3 billion order to construct a LNG-FPSO, including offloading, storage, production and floating units, from Royal Dutch Shell, the biggest energy firm in the world, pushed it to 91 percent of its target this year.

It also added $10.5 billion in orders so far this year. Moreover, Daewoo Shipbuilding $ Marine Engineering, the third of the country’s big three, is also well on its track to meet its target this year. The company won 16 orders totaling to $4.3 billion so far this year.

Posted in BusinessComments (0)

Trade surplus in China reaches $11.4 B


The figures published by Beijing on Tuesday showed that the trade surplus in China reached $11.4 billion last month.

The trade balance of the country recovered robustly in April as exports increased and imports came in lower than anticipated. The result was also far larger from the expectation of most analysts. In addition, the figures of trade surplus last month was well above the figures in March, which worth $140 million.

The country has recorded its first quarter trade shortage within seven years in the period of January to March, but the surprisingly huge trade surplus last month will surge international demands in Beijing to let quicker appreciation of its strongly restricted currency, the renminbi.

The top officials of China, including the vice-premier in charge of finance, Wang Qishan, are presently in Washington for the joint Strategic and Economic Dialogue, where the value of renminbi has been a main topic of the meeting.

According to Brian Jackson, Royal Bank of Canada’s economist, which is based in Hong Kong, the trade today shows that the exporters in China continue to take advantage from a encouraging exchange rate. This figure will expect to add more pressure from Washington to Beijing to let quicker appreciation in the currency.

Jackson also said that above all, most significantly must convince makers of policy in China that a stronger renminbi can be accepted by the economy and is acceptable as part of their efforts to reduce price demands.

The governor of the central bank of the country and other officials have made statements that show greater enthusiasm to use approval of the renminbi to aid deal with persistent inflation, which the government has stated that is its main economic job for this year.

Posted in BusinessComments (0)

China prohibits smokers in indoor public places


China initiated to prohibit smoking in indoor public places in a hope to narrow the ranks of its 300 million people who smoked and to protect the health of others.

However, in a nation where 50 percent of all men smoke and where it is normal for individuals to light up in indoor public places, such as hospital waiting rooms, there is a feeling the gauge may have a little effect.

Moreover, the new guideline does not identify any punishments for people who smoke and violate the veto or owners of business who allow them. Instead, they said that business owners must construct noticeable non-smoking signs or endorse non-smoking and assign workforce members to inform the consumers not to smoke.

The guideline, released by the ministry of health, prohibits smoking in areas like waiting rooms at airports and railways, theaters, restaurants and hotels. Most workplaces are not included in the guideline.

In addition, the country must have initiated the gauge in January under the pledge it made when it signed the framework convention on tobacco control of World Health Organization (WHO) many years ago. Several believe that efforts to discuss the tobacco habit in China have been obstructed by the huge income it gives in for parts of the government.

The monopoly of tobacco is state-owned and as the state media said, as much as a tenth of tax income of China come from this business. Yang Gonghuan, National Office of Tobacco Control’s director in China, welcomed the veto and informed the state news organization Xinhua that the regulations made the responsibilities of owners of businesses in discouraging smokers.

Gonghuan also said that it is practicalto demand a larger role for the owners of businesses in discouraging people who smoke. However, she added that it will take long period of time to have an effect and that it is needed to be modified in future to initiate real information on supervision and enforcement.

Posted in WorldComments (0)

Statistics show China’s economy in Q1 increases 9.7%


According to the statistics of bureau, the economy of China increased 9.7 percent in its first quarter, while consumer costs jumped 5.4 percent from a year earlier.

The bureau also showed that the inflation rose in March to the quickest speed since 2008, adding demands for more financial tightening. The median expectations in the surveys of economist from Bloomberg News were for inflation of 5.2 percent and development of 9.4 percent.

In addition, Australia and New Zealand Banking Group and Credit Agricole CIB stated that the country may increase preserve requirements for lenders for the fourfold this 2011 to deplete cash from the quickest-growing major economy. The date released on Friday may also add demands for the increases of interest rate and quicker approval in the yuan after costs of commodity and food drove consumer prices higher than the 2011 target of the government for a third month.

Liu Li-Gang, Hong Kong’s ANZ economist said that there is little control in the economy in spite of aggressive financial tightening. Li-Gang, who previously worked for the World Bank, also said that inflation stays a top jeopardy.

The reserve percentage is 20 percent for the largest banks and the benchmark for one year for borrowing costs is 6.31 percent after four rates boosts since the middle part of October. The economy’s development was 9.8 percent in the fourth quarter last 2010. The Shanghai Composite Index trading closed to 0.3 percent higher.

On the other hand, the yuan was slightly altered at 6.5295 per dollar as of 3:27 p.m. local time. Inflation pressures across the countries in Asia were underscored by India on Friday saying that a bigger-than-anticipated of 8.98 percent climb in the index of whole cost in March from the previous year.

Posted in BusinessComments (0)