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China overtakes US to become largest trading country in world | China National News


Edition 0702/11China National News China National News | News as it Happens in China
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China overtakes US to become largest trading country in world
China National News (ANI) Monday 11th February, 2013
China is now the largest trading country in the world in terms of imports and exports, after overtaking the US in 2012.
The Asian country overtook the US to become the world's biggest trading nation, bringing an end to the US' post-war dominance of global commerce.
According to the Telegraph, the US Commerce Department revealed the total value of US exports and imports in 2012 was 3.82 trillion dollars.
China's customs administration has already announced that the country's total trade last year was worth 3.87 trillion dollars.
Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics in Washington, told Bloomberg that it was remarkable that an economy that is only a fraction of the size of the US economy has a larger trading volume
Lardy pointed out that 'the surpassing of the US is not because of a substantially undervalued currency that has led to an export boom,' pointing out that Chinese imports have grown at a faster rate than exports since 2007.
China had a full-year trade surplus of 231.1 billion dollars with the US posting a total 2012 trade deficit of 727.9 billion dollars, the report said.
Activity across the Chinese economy was impressive, with sales of passenger cars over the month soared to their highest ever, it added.
China's auto sales jumped 46.4 percent compared with January 2012 to a record monthly high of 2.03 million units, the China Association of Automobile Manufacturers (CAAM) said.
According to the report, the data is helping to ease fears that China could face a slump. These worries remain despite an acceleration of growth in the country. (ANI)
 
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China's first limo and Chinese leaders
China National News (IANS) Monday 18th February, 2013
What sedans did Chairman Mao Zedong choose for parade and daily use? Some of them can be found in a private classic car museum in the Chinese capital.
Located 80 km north of the city, the Beijing Classic Car Museum has 200 plus old limousines comprising Chinese and foreign brands like Hongqi (Red Flag), Ford, Dodge, Desoto, Mercedes-Benz and Volga.
Among them are 36 national sedan Hongqi vehicles and they are Luo Wenyou's favorites. He is the owner of the museum, reports Xinhua.
"Some of them were once used by Chairman Mao Zedong, Premier Zhou Enlai, and Marshal Nie Rongzhen," the 58-year-old Luo said.
In his eyes, "Hongqi represents China and Chinese car manufacturing the best".
In 1956, the Communist Party of China held its central political bureau meeting, and Mao expressed his wish to be driven in a homemade car to the meeting.
At the time, China's auto industry was budding following the country's First Automobile Works (FAW) poised to break ground in 1953 in Changchun, capital of Jilin province.
" 'Live up to Mao's expectations, make a desirable car dedicated to him' had become a popular cry since then," Luo said.
In 1958, the first Hongqi sedan was produced by the FAW in response to Mao's wish.
Since its debut as parade sedan at Tian'anmen Square in 1959 during China's 10th National Day celebration, Hongqi's role has never been changed.
Chinese people have regarded the brand as the nation's pride for its links with party leaders and historical role in the country.
Hongqi has been the state guest sedan replacing former Soviet Union's ZIS since 1964.
"In the 1960s and 1970s, being driven in a Hongqi car ranked alongside visiting Chairman Mao and staying at Diaoyutai State Guesthouse as one of the highest privileges for foreign dignitaries," Luo said.
In 1961, Indonesia's president Sukarno paid a visit to China. During the welcome ceremony along the Tian'anmen Square, he stood on the Hongqi CA72 Cabriolet to salute people, but later felt tired and sat onto the back seat.
"It could help him look like he was standing," Luo said, "and Premier Zhou Enlai noticed".
Afterwards, Zhou called for making a review car in which leaders and guests could either stand or sit.
One year later, the FAW developed a car that fulfilled Zhou's requirement. In the car, the reviewers could press a button and escalate the seat to sit but appear as if they were standing.
Luo did not say whether this kind of car has been used by other reviews after that.
But he collected a special car which witnessed Zhou's fight with bladder cancer.
"There is only a stretcher behind the driving cab," Luo said. "Premier Zhou could lie on the stretcher."
"The window was covered by a curtain in order not to be recognized when it was driven among the fleet," Luo disclosed.
Luo Wenyou was born in the countryside in north China's Hebei province and made money by running a transport company, a karting site and an automobile repair shop since the age of 24.
He took fresh crack at collecting world classic cars from 1978 when private car was still a rarity in China's street, and has poured in tens of millions yuan into his "cause" up to now.
"I can't exactly count how much money I have put in. The cars are priceless for me," said Luo.
His life was intimately entwined with Hongqi since 1998, when Louis Vuitton Classic, one of the world's largest free classic-car rallies, landed in China.
Luo drove the three rows of seats Hongqi CA770 in the rally from Dalian to Beijing as the only Chinese player.
He had almost 60 classic cars to choose from for the rally, including many high-performance world-level limousines.
"But I chose the Hongqi because a Chinese player should drive his own Chinese car in the game," he said.
Luo said he forgot how many times he was moved to tears during the game. "Many witnesses shouted 'long live China, long live Hongqi'," he recalled.
Wherever he arrived, people lined the roads, cheering and taking photos with the Hongqi "in a display of respect and pride to Chinese-made vehicle".
"The rally changed me from a common classic car fan into a responsible lover of Chinese-made limousines, especially the Hongqi," Luo said.
"Since then, I have dreamt of letting more people know the history and value of them."
Luo sold his businesses and house after the rally and immersed himself in China' s classic car collection. His "craziness" used to anger his family, but nothing would stop him.
In 2005, he went to Beijing to build a classic car museum, only to find his love for ancient vehicles being cold-shouldered.
After spending eight million yuan, Luo's private museum, a two-floor building of 3,000 square meters, finally opened in 2009.
"It takes a certain strength to collect these cars, and an entirely different kind to let people know their existence and value," Luo told.
His initial purpose was to show people the history of Chinese classic cars as well as the nation. Unexpectedly, only a few school children and individual travelers visit the museum. It fails to make ends meet now.
"My sources of income are from tickets (50 yuan per person) and car rentals for exhibitions and movies. It is far from enough to cover the maintenance and repair costs," Luo said.
Many well-to-do people offered to buy his 10.08-meter Hongqi over the past years, but he rejected the deals.
Equipped with a refrigerator, air conditioning, TV, telephone, leather sofas, the super long V8-engined vehicle is placed outstandingly in the museum and capable of holding ten passengers.
"How could our country produce such a great limousine in 1970s? Its technology and design are so amazing that even now it's not a possibility for many countries," he said, declining to say how it came into his possession.

Deaf ears hear Obama plea to stop shooting
China National News Sunday 17th February, 2013

• Obama asks Chicago citizens to be part of anti-gun measures
• Four shootings quickly follow speech
• Chicago still American homicide capital
There have been four shootings in Chicago, directly following a visit by President Barack Obama.
The first of the four separate shootings took place on Friday evening, as the Obama entourage decamped.
It came less than an hour after Air Force One departed O'Hare Airport.
According to the Chicago Tribune, four people were wounded on the streets of Chicago's South and West sides between 5:55 pm and 7:20 pm Friday. The president was airborne shortly after 5 pm.
During his visit, President Obama spoke on the gun violence that has become an epidemic in many US cities.
In a speech at Hyde Park Academy on Chicago's South Side, he mourned the killing of Hadiya Pendleton, a teenage girl who had visited Washington for his inauguration just a week before she was shot.
He said:"This is not just a gun issue. It's also an issue of the kinds of communities that we're building, and for that we all share a responsibility as citizens to fix it".
Chicago has a serious problem with guns and murder.
There were more than 500 murders in 2012; 443 murders with a firearm. 65 of the victims were 18 and under.
In quoting the figures and talking about mass shootings in schools, he insisted gun-control is the only answer to ending the violence.
He said: "The overwhelming majority of Americans are asking for some common sense proposals to make it harder for criminals to get their hands on a gun".
 
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23 mn Chinese come out of poverty | China National News
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Edition 0806/11China National News ] AM Friday 22 February 2013
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23 mn Chinese come out of poverty
China National News (IANS) Friday 22nd February, 2013
Over 23 million people stepped out of poverty in China last year, said authorities.
The number of people living below the poverty line in China was greatly reduced in 2012, as the country increased efforts to boost people's income, reported Xinhua citing new data.
China has a population of 1.3 billion.
The National Bureau of Statistics (NBS) announced Friday that last year saw some 23.39 million rural dwellers edge above the poverty line, currently set at 2,300 yuan ($365.83) in annual net income per capita.
The decrease brought the total number of impoverished rural residents to 98.99 million by the end of 2012, the data showed.
Rural poverty has been one of the major hurdles for the world's second-largest economy and most populated country.
In 2012, however, China boosted its rural residents' average per-capita net income to 7,917 yuan, up 10.7 percent year on year in real terms, according to data released earlier by the NBS.
Chinese Vice Premier Hui Liangyu Jan 18 announced a set of poverty-fighting plans for major regions including Heilongjiang, Inner Mongolia, Jilin, Hebei, Shanxi, Hunan, Jiangxi.
23 mn Chinese come out of poverty | China National News
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In Shanghai an English teacher probably makes over 10.000 yuan / month .


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The government branding 30 year-old unmarried women undesirable 'left overs'

China National News (ANI) Friday 22nd February, 2013

Causing a major outcry among the female population in China, the Communist government has labeled Chinese women failing to marry above the age of 30 as 'left over women'.
The government, which has defined the official age for women being left on the shelf as 27, has ordered its feminist All-China Women's Federation to use the derogatory term in several articles about the growing number of unmarried educated, professional, urban and single females aged 27-30, the Daily Mail reports.
According to one of the articles, pretty girls do not need a lot of education to marry into a rich and powerful family but girls with an average or ugly appearance will find it difficult, adding that those 'failing' to find a husband by the age of 30 are deemed 'undesirable'.
According to the government, hordes of unmarried men roaming the country may cause social havoc so it is necessary for women to marry.
The government wants to shame the women into marrying young to counter the population's growing gender imbalance, the report added. (ANI)
 
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China rejects N.Korea's plea 'to send envoy' for easing 'soured' relations

China National News (ANI) Friday 5th April, 2013
China has reportedly rejected the plea from old ally North Korea to send them an envoy in order to improve their soured relations.
North Korea requested China send a high-ranking envoy at the deputy-ministerial-level.
But a South Korean newspaper revealed that China rejected the request, and said North Korea should send their envoy Beijing first.
The paper said Beijing has expressed 'serious concern' over the soaring crisis at the Korean peninsula, after Pyongyang banned South Koreans from entering a jointly run complex, the Daily Express reports.
Chinese foreign ministry spokesman Hong Lei yesterday called on all sides to "remain calm and exercise restraint and not take actions which are mutually provocative and must certainly not take actions which will worsen the situation."
The report pointed out that, under a treaty signed half a century ago, China is, however, obliged to "render military and other assistance by all means at its disposal" in the event North Korea comes under "armed attack by any state." (ANI)



China National News (ANI) Friday 5th April, 2013

Chinese tourists have overtaken Germans as the world's biggest-spending travelers, the UN has said.
According to the UN World Tourism Organisation (UNWTO) said, Chinese tourists, known for travelling in organised tours and snapping up luxury fashion abroad, spent 102 billon dollars on foreign trips last year.
They outstripping deep-pocketed travellers from Germany and the US, News 24 reports.
Chinese tourists spent 41percent more on foreign travel in 2012 than the year before, beating the close to 84 billion dollars both German and US travellers parted with last year.
According to the report, the German Travel Association (DRV) said it was to be expected that the Chinese would eventually overtake Germans in terms of spending, given that the country had more inhabitants than North America, Russia and Europe put together.
Other countries in the top 10 including Japan and Australia posted growth in travel spending, though only Russia came close to China's huge growth, with a 32percent increase in holiday budgets. (ANI)


5 Apr 2013, 8:12 pm - Source: AAP

Ahead of trade and security talks, Julia Gillard is talking tough about North Korea and says China is pivotal to Australia's interests.

RELATED
Gillard's China trip: Karen Middleton reports


Prime Minister Julia Gillard has declared China to be "pivotal to Australia's political, strategic and economic interests" as she starts her second visit to the nation.
Ms Gillard has arrived on the Chinese resort island of Hainan ahead of trade and security talks, including her first official meeting with new Chinese president Xi Jinping, on Sunday.
The visit comes as North Korea reportedly moved a missile capable of hitting South Korea and Japan, an action which drew condemnation as being provocative.
Before she left, Ms Gillard spoke on the phone with South Korean president Park Geun-hye, expressing Australia's strong concerns over North Korea, which she says "poses a serious risk to regional security".
Speaking to reporters in Sanya, Ms Gillard toughened her language.
"This is a regime that cannot feed and properly care for its people, that engages in some of the worst human rights abuses that we've seen around the world," she said.
"It is not in the interests of North Korea's people for this kind of belligerence to be demonstrated by the leadership of North Korea."
With Australia and China both members of the UN Security Council, the talks between Ms Gillard and President Xi will take on greater significance.
The prime minister said she would urge President Xi, who also heads China's military, to "use its influence" to bring North Korea back to "trust-building dialogue".
Ms Gillard's trip will open with her attendance at the Boao Forum for Asia - an investment, economics and trade summit which was co-founded by former prime minister Bob Hawke.
"China is absolutely pivotal to Australia's political, economic and strategic interests," she said.
She will meet International Monetary Fund chief Christine Lagarde on Saturday, and later address Chinese and Australian business leaders at a lunch where she will hold bilateral meetings with some of the nine other national leaders attending the forum.
On Sunday she will address the Boao Forum and meet informally and officially with President Xi. Ministers Bob Carr and Craig Emerson are also expected to be in the meeting.
Ms Gillard is expected to use a brief visit to Shanghai - where Financial Services Minister Bill Shorten will join the delegation - to announce a new deal in currency trade between the two countries, which could help business and investment.
Opposition foreign affairs spokeswoman Julie Bishop, who is attending the Boao Forum, said she had heard concerns from Chinese business chiefs trying to invest in Australia.
"They are not made to feel welcome," she said.
Also on the agenda will be the strengthening of defence ties through more exchanges of senior military personnel, joint activities and information sharing.
Hainan Island is close to China's nuclear submarine base and the gateway to the South China Sea, with its many hotly disputed territories.
 
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China builds world's fastest computer .

China builds world's fastest supercomputer


Xinhua, June 17, 2013 Adjust font size:

Chinese scientists announced Monday that China has once again built the world's fastest supercomputer, capable of performing 33.86 quadrillion operations per second, surpassing the U.S. Titan supercomputer.
The Tianhe-2, or Milkyway-2, has a peak performance speed of 54.9 quadrillion operations per second, according to the National University of Defense Technology (NUDT), which built the computer.
This is the second time China has made it to the first place in the Top 500 list of the world's most powerful supercomputers. Tianhe-2's predecessor, Tianhe-1A, was the world's fastest supercomputer from November 2010 to June 2011, when it was surpassed by Japan's K computer.
Matching home-grown Feiteng-1500 CPUs as well as Intel Xeon and Xeon Phi processors, Tianhe-2 was almost twice as fast as the second computer, Titan, which is capable of running at 17.6 quadrillion operations per second.
Sequoia, another U.S.-developed supercomputer, ranked third in the list, followed by Japan's K computer.
Costing 100 million U.S. dollars, Tianhe-2 is expected to be operational at the supercomputer center in Guangzhou City in south China's Guangdong Province later this year.
"Ranking is not so important," said Li Nan, spokesman of the Tianhe-2 project. "We are producing supercomputers with a fundamental purpose of providing a driving force for the construction of an innovation-oriented country and solutions to sciences that concern the future development of human beings."
Experts believed Tianhe-2 demonstrates that China has been developing its own chip technology, which will ensure that the country plays an important role in the world's high-performance computing (HPC).
Jack Dongarra, one of the editors of Top 500, said he was impressed with Tianhe-2's interconnect, operating system and software which are mainly Chinese.
"The HPC development has enhanced China's competitiveness," he said.
Rajeeb Hazra, Intel's vice president, said the production of Tianhe-2 will not only benefit Chinese sciences and industries, but also provide sound infrastructure for the growing global demands of big data processing.
The NUDT said it would produce a supercomputer performing 100 quadrillion operations per second by 2015 and further raise it by 10 times around 2020.
 
Goober

Goober

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Re: China builds world's fastest computer .

That was announced a week or so ago. Oh yes in the Western Press. Chinese Press is so slow. Oh yeah. Moderated.
Check the new US version and the announcement. Puts that Chinese one to shame.
 
Goober

Goober

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Re: China builds world's fastest computer .

L Gilbert said:
I wonder how long the computer will work. My experience with Chinese electrical parts is that they aren't reliable and don't last long.
Good for CHina anyway. yay we are so thrilled
Click to expand...

Yep- Stops working 1/2 hour after the warranty expires.
 
C

Cliffy

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Re: China builds world's fastest computer .

The speed of this thing is impressive. It is kinda like a guy getting his rocks off in 5 seconds flat. What is the point and what could they possibly be calculating that needs that kind of computing power? What happens when it digests all known knowledge and becomes self aware? Terminator: Judgement Day?
 
Blackleaf

Blackleaf

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Re: China builds world's fastest computer .

The combined processing power of the most most powerful (artificial) computers increased by 66% between November 2011 and June 2012.

The human brain is still the most powerful computer in the world. In fact, if you took all of the supercomputers and added all their supercomputing power together it would be equal to the computing power of just three human brains.
 
Dexter Sinister

Dexter Sinister

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Re: China builds world's fastest computer .

And computers are still pretty lame at the things humans are best at, language and pattern recognition. They won't be replacing us any time soon.
 
darkbeaver

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Re: China builds world's fastest computer .

Dexter Sinister said:
And computers are still pretty lame at the things humans are best at, language and pattern recognition. They won't be replacing us any time soon.
Click to expand...

You are correct and because of that I have been able to detect the average western slobs implanted proclivity to belittle any advancement not from what they understand to be their beloved western monolith. They will plow on and on about Chinese substandard manufacturing all the while not mentioning that it was engineered and ordered by western retailers/thieves.
 
china

china

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Re: China builds world's fastest computer .

Just wonder what would the reaction of all the above be if the " fastest computer" was invented in Canada .hahahaaha what a .......!
 
china

china

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Re: China builds world's fastest computer .

I'd still be saying " yay we are so thrilled". IOW, "big freakin deal".
Click to expand...
Why the fu ck majority of this forum (especially you LG) speaks in plural ,
Don't hide behind the "majority" ....stand alone man ...( you are a man , right ) ?


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