China on the rise!

[dfopiso]

baka typo error lang

[uls]

casualty of China slowdown

BHP to cut iron ore jobs as mining slowdown bites | Reuters

(Reuters) - Top global miner BHP Billiton (BHP.AX) said it plans to shed an undisclosed number of jobs in iron ore, its most profitable business, as it battles weaker demand and higher costs, adding to mining job losses in Australia.

The cuts in iron ore, following the closure of two of BHP's coal mines, will stoke worries about weakness in the Australian economy, which has been underpinned by booming demand for iron ore and coal, now slowing due to cooling growth in China.

[uls]

another casualty

Rio Tinto wary on China growth, speeds up cost cuts | Reuters

LONDON (Reuters) - Global miner Rio Tinto (RIO.L) cut its growth forecast for China and said it was stepping up efforts to cut costs, having already slashed $500 million, faced with an uncertain global outlook.

Rio Tinto, the world's second-largest iron ore miner with more than 80 percent of its earnings in 2012 expected to come from the material, is heavily dependent on Chinese steel demand picking up and is counting on Chinese infrastructure spending plans to drive that demand.

[uls]

i've been posting re falling price of iron ore as an indicator of slowing China economy

guess the price has become too attractive

BEIJING - China's imports of iron ore rose 4.1 per cent in September as buyers took advantage of falling prices, while copper shipments increased as a result of bookings made last year, data from China's customs authority showed on Saturday.

Shipments of iron ore reached 65.01 million tonnes in September, their highest level this year, with steelmakers switching to cheaper imported materials rather than relying on inventories bought at higher prices.

Copper shipments rose 11 per cent over the month mainly as a result of bookings made late last year, while crude oil hit 20.8 million tonnes, up 9.1 per cent from the 22-month low of the previous month.

Favourable prices rather than stronger demand made foreign iron ore more attractive during September, with steel mills turning to cheaper imported materials rather than their existing inventories, bought at much higher prices, traders said.

[uls]

spot price for 62 grade iron ore has rebounded from below $100/ton



China steel mills have returned to market

either they've run down their stockpiles and are re-stocking

or they're just taking advantage of the low price

[Ry_Tower]

BBC News - Eight ways China is changing your world

[CVT]

Romney?- no more China bashing...

17.1K:chop:

[timrev]

China and North Korea daw speed up economic ties...

[CVT]

China and North Korea daw speed up economic ties...

(Former, including Russia) Communist countries,- Powers to be in the new world order....

17.1K:chop:

[Monseratto]

Air Asia Philippines about to recieve it's latest Airbus A320...made in *gulp* China...

[boybi]

Air Asia Philippines about to recieve it's latest Airbus A320...made in *gulp* China...

Is that true? Didn't know Airbus builds planes outside of Europe.

[Monseratto]

These photos were released today by the Chinese military of the first "Official" landings and take offs from the PLAN ship Liaoning CV-16.

These photos look so natural. nothing staged here. directors and handlers in place. Safety personnel there.. Outstanding.. Looks to me that the Chinese are surely adapting the USN method of operating a CV including flight deck crew uniform color codes. Speculation on Chinese boards is that the flight deck crew were trained by Brazil.

These Chinese sailors on that flight deck have been PROPERLY trained.. Any US Naval aviator or NATO carrier pilot(UK,Spain, Brazil, India & Italy) could land on that ship and follow the directors without any speaking taking place. OUTSTANDING!

[ghosthunter]

They must have watched TOP GUN a dozen times. hahahaha

[kinyo]

Is that true? Didn't know Airbus builds planes outside of Europe.

Sinabihan siguro ang Airbus "Build you planes here, you'll get lots of orders from us!" ... Mahirap tanggihan kapag pera na ang usapan.

[ghosthunter]

Is that true? Didn't know Airbus builds planes outside of Europe.

It was part of the deal when CHINA ordered their planes from airbus. The planes should be built in china. Wise of china because it means a level of technology transfer to upgrade China's technology in building commercial airliners... upgrading what they know from russian and older boeing planes.

[Monseratto]

The Tianjin Airbus factory has been around since 2009, and was supposed to be exclusive for domestic consumption. But there is a clause...

Chinese-built Airbus jets only for Chinese airlines
September 4, 2012

Airbus planes built in a Chinese factory will be sold only to Chinese clients, the European plane maker said Monday, although a leasing exception could see aircraft end up with foreign airlines.

Airbus sought to clarify its China operations after the Chinese press described a deal with a leasing firm as evidence the Airbus factory in Tianjin was shipping its planes overseas.

"Chinese purchases will fuel the factory in Tianjin, but when a Chinese airline-leasing firm has operating clients elsewhere in the world, it can deliver to those customers," an Airbus spokesman said, adding that such purchases would be "marginal".

Under the terms of a 2005 agreement on the creation of a Chinese assembly line, Chinese-built planes are supposed to be sold exclusively into a domestic market.

Airbus agreed to the leasing exemption before signing a tentative agreement last week with its Chinese partner, Aviation Industry Corporation of China, that would extend the life of the Tianjin line by at least 10 years to 2026 and assemble the newer A320neo model.

Airbus chief Fabrice Bregier told French financial newspaper Les Echoes that the leasing firm ICBC would soon provide an A320 to Malaysian low-cost carrier AirAsia.

On August 30, China signed a $3.5 billion deal to buy 50 A320 Airbus jets.

Airbus planes are built in Toulouse in France, Hamburg in Germany, and Tianjin, with parts made in France, Germany, Spain and Britain.

Airbus announced in July it would open its second aircraft assembly plant outside of Europe in the US state of Alabama.

AFP

Read more: Chinese-built Airbus jets only for Chinese airlines

[safeorigin]

They must have watched TOP GUN a dozen times. hahahaha

actually, they've been practicing here for a few years now

[safeorigin]

Odd that they still do hand signals for the catapult launch when ski ramp flight decks have no catapults...

[Ry_Tower]

As mentioned here, rising wages already catching up with China.

http://technology.inquirer.net/21025...e-us-next-year

[niky]

As mentioned here, rising wages already catching up with China.

Apple to produce line of Macs in the US next year | Inquirer Technology

China was only ever going to be a more attractive option until the cost-of-living and wages went up to the point where it wasn't.

They don't have the edge in technical personnel or work ethic yet, and they are still rushing to catch up on English proficiency.

I don't expect that many factories to move out yet, but as China becomes more prosperous, and middle-class (as opposed to unskilled) wages go up, manufacturing there is going to become a less and less attractive option. Especially for companies afraid of losing trade secrets and IP to their Chinese partners.