It is only natural that the world’s number two in GDP should sooner rather than later take number two spot in Fortune 500.
See also: G2
10/07/2012
* 5m greener vehicles on the Chinese streets by 2020
China Daily: “China has set a target of producing and selling 500,000 energy-efficient and alternative-energy vehicles a year by 2015, and five million vehicles by 2020.
The blueprint, announced by the State Council on Monday, has outlined generous subsidies to consumers and producers of the new generation of greener vehicles, as it aims to ease the country’s heavy dependence on imported oil, cut emissions, and speed up the restructuring of its automobile sector into a more environmentally sustainable model.
According to the details, there will be heavy government investment in the core technology needed to build a strong and globally competitive new-energy vehicle industry.
The short-term emphasis will be on developing pure electric and plug-in hybrid vehicles, as well as wider usage of hybrid vehicles and energy-saving combustion engine automobiles.
The world’s largest auto market has set an accumulated production and sales target of 500,000 units of pure electric and plug-in hybrid vehicles by 2015, and that will be increased tenfold to more than 5 million units by 2020.”
via 5m greener vehicles on the streets by 2020 |Economy |chinadaily.com.cn.
Continuing on the path to a ‘greener’ China – https://chindia-alert.org/economic-factors/greening-of-china/
Related articles
- China Adopts Energy Saving And Green Car Industry Plan (earthtechling.com)
10/07/2012
* New rule to rein in Chinese govt spending
China Daily: “Officials face removal from their posts if they are found overspending on vehicles, receptions and overseas trips, according to new regulation released on Monday.
The regulation issued by the State Council are the first legal documents that ask authorities above county level to include spending on the three items in budgets. The rules will take effect from Oct 1.
The regulation is the latest in a series of moves the central government has taken in recent years to promote transparency and fight abuse of taxpayers’ money amid public complaints.”
via New rule to rein in govt spending |Politics |chinadaily.com.cn.
More and more steps are being taken to rein in excesses of party cadres and officials. Is this because of the 10-year leadership change or a desire to be more retrained with the public becoming more aware and assertive?
See also:
10/07/2012
* Chinese Firm Pursues Hawker
WSJ: “A Chinese bidder is in advanced talks to buy the bulk of aerospace company Hawker Beechcraft Inc.’s businesses for $1.79 billion, an approach that could raise political concerns given U.S. sensitivities about previous Chinese attempts to buy American assets.
Superior Aviation Beijing Co. will have an exclusive right for 45 days to negotiate to buy Hawker’s corporate jet and propeller plane operations, the U.S. company said. If a deal is reached, Superior would serve as the opening bidder in a bankruptcy auction in which other suitors could try to top its offer.
Hawker Beechcraft filed for bankruptcy protection in May. Above, an employee shown last year working on a jet at its Wichita, Kan., plant.
Superior, which has ownership ties to Beijing’s municipal government, won’t be bidding on Hawker’s defense unit because of potential U.S. national-security concerns about foreign purchases of such assets.
Hawker’s defense business houses military technology and sells military training and light attack aircraft to U.S. and foreign governments. The business, called Hawker Beechcraft Defense Co., will continue to operate and could later be sold separately. If sold, Hawker said, the company would refund as much as $400 million of Superior’s $1.79 billion purchase price.
A winning bid by Superior would further the ambitions of China’s aerospace industry to move deeper into jet production, as well as give Superior itself a bigger role in the industry. Makers of small aircraft have been looking to China recently as a key source of demand as the market for business jets shrinks.”
via Chinese Firm Pursues Hawker – WSJ.com.
This is in line with our analysis of Chinese acquisitions: https://chindia-alert.org/2012/02/13/pattern-of-chinese-overseas-investments/
09/07/2012
* China – Police Crack Down on Child Trafficking Rings
‘It is good to have only one child’ (Photo credit: kattebelletje)
NY Times: “The police have arrested 802 people on suspicion of child trafficking and have rescued 181 children in a major operation spanning 15 provinces, the Ministry of Public Security said Friday. The recent operation broke up two trafficking rings and led to the arrests of the ringleaders, the ministry said in a statement posted on its Web site. China’s strict one-child policy has driven a thriving market in babies, especially boys because of a traditional preference for male heirs.”
via China – Police Crack Down on Child Trafficking Rings – NYTimes.com.
One of the unintended but direct consequences of the Chinese one-child policy.
See also:
06/07/2012
* For the Indian Father of the ‘God Particle,’ a Long Journey from Dhaka
NY Times: “For the Indian Father of the ‘God Particle,’ a Long Journey from Dhaka
English: Satyendra Nath Bose in Paris 1925 (Photo credit: Wikipedia)
In the word “boson,” (as in Higgs-Boson) as media reports have plentifully pointed out during the past two days, is contained the surname of Satyendra Nath Bose, the Calcutta physicist who first mathematically described the class of particles to which he gave his name. As was common with Indian scientists in the early 20th century, however, his work might easily have eluded international recognition. Like the mathematician Srinivasa Ramanujam, Mr. Bose was saved from obscurity by a generous and influential mentor in Europe. In Mr. Bose’s case, that mentor turned out to be one of the greatest physicists of them all: Albert Einstein.”
via For the Indian Father of the ‘God Particle,’ a Long Journey from Dhaka – NYTimes.com.
Related articles
- https://chindia-alert.org/historical-perspectives/before-the-raj/
- Satyendra Nath Bose: about the God of particles (ibnlive.in.com)
- God Particle: Higgs Boson Has A ‘Bose’ Within, The Unsung Indian Connection (ibtimes.com)
- God Particle or Higgs boson named after an Indian (ibnlive.in.com)
- The gods of the particles (guardian.co.uk)
04/07/2012
Public self awareness, self analysis and open self criticism are seldom followed by ruling parties.
See also: ability of the Chinese Communist Party (CCP) to retain the loyalty of its citizens
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