China is Socialistisch: Het westerse ultrakapitalistische fabeltje

De tweede week.

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2. Volgens Caixin zouden Chinese provinciale overheden weleens de totale doelstelling om de hoeveelheid infrastructuur die ze aan moeten leggen voor de opslag van hernieuwbare energie in 2025 kunnen overtreffen nu regio's een capaciteitsverhoging plannen. Veel opgewekte hernieuwbare energie gaat verloren in het land omdat het niet kan worden opgeslagen en dus moet flexibiliteit worden ingebouwd in het energie-netwerk.

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China May Surpass 2025 New-Energy Storage Goal as Regions Plan Capacity Boost



What’s new: More than two dozen of China’s provinces and cities have set new-energy storage installation targets for 2025, with these regions’ total planned capacity more than doubling the country’s target for the year, according to an industry expert.

As of July, 26 provinces and cities had laid out plans to bring the total installed capacity of their storage facilities for renewable energy projects to 86.6 gigawatts (GW) by the end of 2025, according to data released Sunday by Chen Haisheng, chairman of industry group China Energy Storage Alliance.

In May, the State Council, China’s cabinet, issued an action plan which set the national target for new energy storage installations at “over 40 GW” by the end of 2025. In 2021, national authorities set the goal for 2025 at “more than 30 GW”, which was achieved in 2023.

The background: Chen linked the rapid build-out of new-energy storage to local government support for the industry. They have been pushing the development of renewables to meet President Xi Jinping’s dual carbon goals of achieving peak carbon dioxide emissions by 2030 and carbon neutrality by 2060.

However, the pace of expansion has slowed as the energy storage industry has become mired in a price war due to overproduction of storage batteries and other components.

The cumulative installed capacity of new-energy storage surged 156.4% year-on-year to 44.44 GW in the first half of 2024, according to data released by the National Energy Administration on July 31. The pace of growth slowed from last year’s 260.8%.

Bron: https://www.caixinglobal.(...)boost-102230403.html

3. De lokale overheid van de plaats Alukerqin Banner in de provinci� Binnen-Mongoli� heeft moeite met het financieren van basisvoorzieningen en ambtenarensalarissen en staat op ploffen. Uit een recente controle door de National Audit Office (centrale overheidsorganistatie dat verantwoordelijk is voor de controle van financi�n en wordt geleidt door een auditor-general genaamd Hou Kai) dat de boeken van lokale overheden langs ging bleek dat de overheden van 66 counties in heel China geld hadden weggesluisd uit de aangewezen fondsen voor studentenmaaltijden op het platteland (om voor te zorgen dat kinderen in arme gebieden genoeg voedingnutri�nten binnen krijgen) om schulden en essenti�le uitgaven te dekken, wat de omvang van de financi�le problemen onderstreepte bij lagere overheden.

China is gewoon een ordinaire dictatuur die opportunistisch linkse en rechtse dingen uitvoert.

Maar lijkt me op alle fronten een onprettiger land dan wij hier hebben.

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Op donderdag 29 augustus 2024 18:03 schreef Hexagon het volgende:
China is gewoon een ordinaire dictatuur die opportunistisch linkse en rechtse dingen uitvoert.

Maar lijkt me op alle fronten een onprettiger land dan wij hier hebben.

1. Het land heeft in mijn ogen een zeer zieke werkcultuur waar weinig aan wordt gedaan door de regering. Je wilt niet in China werken als loonslaaf. Het is niet gezond. De werkgevers gaan niet zelf hun corporate cultuur veranderen. Het moet worden afgedwongen en dan nog is het een lastig proces.
2. De medische sector: oh wee je gebeente als je medische klachten hebt. Ik lees verhalen van mensen die zich diep in de schulden steken om hun zieke kind of een andere familielid te helpen.
3. China Tobacco: de regeringsleiders die niks doen aan de rookepidemie omdat het bedrijf dat sigaretten verkoopt in China (China Tobacco) een staatsmonopolie is dat ruim 200 miljard dollar per jaar aan de schatkist toevoegt tegen de prijs dat ze hun bevolking vergiftigen.
4. De epidemie van obesitas: het neemt snel toe. Ook nul actie.

[ Bericht 3% gewijzigd door Peppert op 31-08-2024 21:19:23 ]

De derde week. Het is lang maar ja helaas het zijn lijvige onderwerpen. De volgende post 1 oktober. Genoeg gespamd.

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2. De Chinese overheid is begonnen met een proefprogramma om een in haar ogen belangrijk subsector van de binnenlandse financi�le sector te ontwikkelen: durfkapitaal door banken (onderontwikkeld in China, ik ben een financi�le noob van de ergste soort, maar heb dat 2 a 3 jaar door, de VS is heer en meester in durfkapitaal en hebben investeringsmaatschappijen die daar zo machtig goed in zijn). Het proefprogramma bestaat uit vijf staatsbanken die als durfinvesteerder gaan optreden. Het is een kleinschalige proefprogramma gericht op het ontwikkelen van bruikbare modellen als het gaat om durfkapitaal die eventueel in de toekomst verder uitgerold zouden kunnen worden.

Hier wordt al een paar jaar over gesproken om durfkapitaal te proberen ontwikkelen in China. Ze begonnen volgens mijn zeer beperkte brein rond 2020 over te ratelen en 3,5 jaar verder een proefprogramma... De State Council voorgezeten door de premier Li Qiang gaf in januari 24 een beleidsdocument uit over durfkapitaal, daarna hebben ambtenaren van de National Financial Regulatory Administration (staat onder leiding van Li Yunze) en de National Development and Reform Commission (staat onder leiding van Zheng Shanjie) zich maandenlang bemoeid met het opzetten van afdelingen binnen die 5 staatsbanken die zich op durfkapitaal gaan focussen.

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China Expands Role of State Bank-Backed Equity Investors to Aid Tech and Innovation



China has embarked on a pilot program allowing asset investment companies (AICs) to expand into venture capital investment in Beijing aiming to drive forward the technology and innovation sectors.

China currently has five AICs, each backed by one of the major state banks: the Industrial and Commercial Bank of China (ICBC), the Agricultural Bank of China (ABC), the Bank of China (BOC), the China Construction Bank (CCB) and the Bank of Communications (BoCom).

Established in 2016, these AICs were created to engage in debt-to-equity swaps as part of the country’s deleveraging campaign aimed at reducing financial risks and promoting corporate reforms. Their primary business focuses on assisting companies with debt-to-equity conversions. This includes acquiring banks’ claims on enterprises, restructuring and disposing of debts, investing in corporate equity and raising funds from qualified investors.

The pilot program, launched by the National Financial Regulatory Administration (NFRA), the Beijing municipal government and the National Development and Reform Commission (NDRC), expands the investment scope of the AICs beyond their traditional focus on debt-to-equity swaps to include direct equity investments in the city, according to a statement on the NFRA’s website.

It aims to use the strengths of large state-owned banks, such as their solid tech finance foundation and strong risk identification, to accelerate capital flow toward new productive forces. The program focuses on early-stage, small-scale and long-term technology investments to support innovation in China.

The Beijing pilot will aim to develop practices that can be replicated and scaled up, the statement added. The pilot followed a directive issued by the State Council in January promising to promote high-quality venture capital development, including expansion of direct equity investment pilots by AICs.

Caixin learned that the NFRA and the NDRC conducted multiple rounds of research on the five major AICs to help the rollout of these pilots in Beijing and other regions. In 2020, the former China Banking and Insurance Regulatory Commission gave approval to the five AICs to make pilot equity investments in Shanghai, to support the construction of the Lingang New Area in the Shanghai Pilot Free Trade Zone and the economic restructuring and upgrading in the Yangtze River Delta region.

Since then, the AICs have set up a number of equity investment funds with partners in Shanghai, targeting investments in technology, biotech, health care, carbon reduction and advanced manufacturing. These include a 10 billion-yuan ($1.4 billion) fund backed by ICBC Financial Asset Investment Co. Ltd, JZ Capital and Zhong Ou Asset Management Co. Ltd., and a 600-million-yuan fund by ABC Financial Asset Investment Co. Ltd., JZ Capital and CPI Ronghe Asset Management Co. Ltd.

However, the five AICs have conducted only a few direct equity investment deals in Shanghai, and their scale is relatively small, industry sources said. “The challenge with tech and innovation investments is their smaller size and higher risk compared with debt-to-equity swaps,” according to an investor. “Balancing support for these investments with effective risk management requires further exploration, including discussions on the funding structure between AIC contributions and external fundraising.”

By the end of 2023, ICBC Financial Asset Investment reported total assets of 178.6 billion yuan while ABC Financial Asset Investment had 122 billion yuan. Their peers backed by CCB, BoCom and BOC posted assets of 129 billion yuan, 65 billion yuan and 87.9 billion yuan respectively.

Bron: https://www.caixinglobal.(...)ation-102231840.html

3. Voor de ge�nteresseerden een rapport van de Amerikaanse denktank CSET (bovengemiddeld goede kwaliteit en extreem goede kwaliteit vergeleken met de troep van de mainstreammedia) over hoe de Chinese overheid probeert de sector voor brain-computer interfaces (BCI's) te ontwikkelen sinds ze in maart 2016 het China brain project hebben gelanceerd. Het rapport is van maart 2024 (evaluatie na 8 jaar).

https://en.wikipedia.org/wiki/China_Brain_Project



4. De Chinese staat probeert sterkere vermogensbeheerders & investeringsbanken te ontwikkelen. Geen idee wat uit dit beleid komt rollen. Het is ook niet echt een bijstere sterk ontwikkelde sector in China. Heel versnipperd met veel spelers die relatief klein en weinig voor elkaar spelen in de ogen van Beijing. De Chinese overheid heeft de vermogensbeheerders Guotai Securities en Haitong Securities aangespoord om te fuseren en ze kregen een bezoek van de politicus Chen Jining (partijchef van Shanghai die ook in de 24-koppige Politburo zit) om het bestuur aan te spreken om wat meer vaart te maken met de fusie. Als de fusie tussen Guotai en Haitong is afgerond dan ontstaat een vermogensbeheerder met 230 miljard dollar onder beheer. Ze willen andere sterke binnenlandse actoren op poten zetten die ze helpen met technologische ontwikkelingen financieren in plaats van dat de overheid alles tot st. juttemis blijft financieren.

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China brokerage merger to create new top dog as market flounders



Two of China's top state-backed brokerages, Guotai Junan Securities and Haitong Securities, have announced a plan to merge into what would become the country's largest player, while industry experts anticipate more consolidation.

The duo announced the merger late Thursday night in filings to the Hong Kong Exchange. The union, if it goes ahead, will create an institution with total assets of more than 1.620 trillion yuan ($230 billion), overtaking China's current No. 1 brokerage, CITIC Securities, which had 1.495 trillion yuan in assets as of the end of June.

Guotai and Haitong are slated to merge through a share swap. Both noted the plan awaits regulatory approval. The last major round of consolidation among China's onshore brokerages was in 2016, when state-owned China International Capital acquired China Investment Securities.

The latest move comes as China's brokerage industry slogs through two years of profit declines due to a sluggish equities market. Investor confidence remains low, weighed down by an economy that is struggling to recover from a property market slump brought on, in part, by a government crackdown on leverage.

In June, Shanghai party secretary Chen Jining visited Guotai and urged the firm to move faster toward becoming an investment bank with international competitiveness and market influence, according to a local media report at the time.

While some observers have hailed the deal as the creation of a super-brokerage that can rival Wall Street titans, others say the weak onshore market could limit its prospects. "[Is it] one plus one equals two? Is the China capital market really booming now?" one skeptical Hong Kong-based senior manager at a Singapore-headquartered brokerage said. He expects more consolidation to come among central government-controlled players, combining smaller regional financial institutions.

Some smaller brokerages have also announced plans to merge, such as Guosen Securities and Vanho Securities, both based in Shenzhen. In a note published Friday by J.P. Morgan, analyst Jemmy Huang said, "Such symbolic M&As should drive sector sentiment in the near term, since this might not be the only one in the foreseeable future."

Both Guotai and Haitong logged declines in net profit attributable to shareholders in the first half of 2024 versus last year. The drop-off was more severe for Haitong than for Guotai, both of which are backed by Shanghai government-owned entities. Haitong's net profit declined by 75.1% to 953 million yuan in the period, while Guotai's figure dropped 12.6% to 5.02 billion yuan.

Before Friday's trading was halted by the merger announcement, Haitong's Shanghai and Hong Kong shares were down 6.4% and 12.2%, year to date, respectively. Guotai's shares on the two markets had declined 1.2% and 8.2%.
Both Haitong and Guotai saw declining volume in their core trading businesses, including stocks and funds trading, in the first half of this year versus the same period in 2023, their latest earnings show.

Underwriting volumes for initial public offerings dropped 90% to 2.6 billion yuan for Haitong and more than 80% for Guotai, to 2.1 billion yuan. The companies cited industrywide woes in their half-year-reports. Total stocks and funds trading volume in Shanghai and Shenzhen declined 7.6% to 115.2 trillion yuan in the first half. Funds raised through A-share IPOs in the same period dropped 84.5% to 32.5 billion yuan.

A former senior official at Haitong's Hong Kong operation described the merger plan as a "rescue" move by Guotai, as Haitong's offshore business suffered in the past few years from investing in offshore high-yield bonds issued by Chinese property developers. Haitong International, which began operating in Hong Kong in 2008 and listed in the market a year later, delisted earlier this year following two years of net losses: 6.54 billion Hong Kong dollars ($839 million) in 2022 and HK$8.16 billion in 2023.

Guotai Junan International, on the other hand, saw its businesses including commissions, interest income and trading grow from HK$1.54 billion to HK$2.1 billion. Late last week, the former investment banking head and deputy general manager of Haitong, Jiang Chengjun was arrested overseas and brought back to China over suspected wrongdoing related to his job, according to the Central Commission for Discipline Inspection. Jiang had fled China in July, the commission said. The arrest is part of a broader clampdown on the financial industry.

Earlier, Bao Fan, a top rainmaker, disappeared in February 2023 and was later revealed to have been detained for investigation by Chinese authorities. Bao resigned his positions, including as CEO and chairman of the board at China Renaissance, a year later. The investment bank reported a net loss of 73.8 million yuan in the first half of this year.

Bron: https://archive.fo/4cZtV#selection-2941.4-2941.50

5. Chinese bedrijven en startups die moesten schakelen door Amerikaanse sancties van Nvidia Al GPU's naar Huawei Ascend Al GPUs klagen over de kwaliteit van het binnenlandse alternatief dat veel minder goed is. De software van Nvidia voor Al GPUs genaamd Cuda is ook veel beter en lekkerder/smoother om mee te werken dan het softwarepakket Cann. Veel werk aan de winkel voor de tienduizenden engineers die werken voor Huawei om de handel te verbeteren.

https://tweakers.net/revi(...)ren-en-opdampen.html

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Bugs, performance issues hinder Huawei's AI chips



Export controls bar import of Nvidia chips, but homegrown alternative is struggling. China's efforts to match US computing power in artificial intelligence are being hampered by bug-ridden software, with customers of leading AI chipmaker Huawei complaining about performance issues and the difficulty of switching from Nvidia products.

The Chinese technology giant has emerged as the frontrunner in the race to develop a domestic alternative to industry leader Nvidia, after Washington further tightened export controls on high-performance silicon last October. Its Ascend series has become an increasingly popular option for Chinese AI groups to run inference, a process that applications such as OpenAI's ChatGPT use to generate responses to queries.

But multiple industry insiders, including an AI engineer at a partner company, said the chips still lagged far behind Nvidia's for the initial training of models. They blamed stability issues, slower inter-chip connectivity, and inferior software developed by Huawei called Cann.

Nvidia's software platform, Cuda, is renowned as the company's "secret sauce" for being easy for developers to use and capable of vastly accelerating data processing. Huawei is one of many companies trying to break Nvidia's stranglehold on AI chips by creating alternative software.

Huawei's own employees are among those complaining about Cann. One researcher, who declined to be named, said it made the Ascend product "difficult and unstable to use" and work on testing it was being hampered.

"When random errors occur, it is very difficult to find out where it comes from due to poor documentation. You need talented developers to read the source code to see what the issue is, which slows everything down. The coding is imperfect," they said. Another Chinese engineer briefed on Baidu's use of the Huawei processors said the chips crashed frequently, complicating AI development work.

The Huawei researcher said crashes happened because it was difficult to use the hardware. "It is easy to get bad results because people don't know much about the hardware itself," they said.

To tackle the problem, Huawei has been sending engineers to help customers on site with transferring training code previously written on Cuda into Cann, according to multiple people familiar with the matter. Baidu, iFlytek, and Tencent are among the tech companies that have received teams of engineers, these people said.

Huawei declined to comment. Baidu, iFlytek, and Tencent did not respond to requests for comment.

A former Baidu employee said: "Huawei excels at customer service, so of course they have engineers on site at their big customers, helping them to use their chips."

Huawei can leverage a huge workforce to accelerate the shift. According to the company, more than 50 percent of its 207,000 employees work in research and development, including the engineers dispatched to install technology for customers.

"Huawei's advantage over Nvidia is it can work closely with its customers," said technology analyst Tilly Zhang at consultancy Gavekal. "Unlike Nvidia, it has a large team of engineers to help solve clients' problems and get them to transition to their hardware."

Huawei has also set up an online portal for developers to give feedback on how its software can be improved.

After the US tightened export controls in October, Huawei raised the price of the Ascend 910B, its chip used for training, by 20 to 30 percent, according to people familiar with the matter.

Huawei's customers have also expressed concern about supply constraints for the Ascend chip, likely due to manufacturing difficulties, with Chinese companies prevented from buying state-of-the-art chipmaking machinery from the Dutch company ASML.

Huawei has seen strong demand for its AI chips. It reported a 34 percent increase in first-half revenues on Thursday, without providing a breakdown of sales for its different businesses.

More than 50 foundational models have "been trained and iterated" on the Ascend chip, Huawei executive director Zhang Ping'an said at the World Artificial Intelligence Conference in Shanghai in July.

iFlytek has said its large language model has been trained exclusively on Huawei chips after Huawei sent a group of engineers to its headquarters in Hefei, eastern China, last year to integrate the technology.

Bron: https://arstechnica.com/a(...)ts=1&comments-page=1

6. De 80-jarige Zheyao Yin de oprichter en CEO van het bedrijf Advanced Micro-Fabrication Equipment (AMEC) dat etsmachine en chemische gasfasedepositie voor de chipsector produceert (hij heeft 17 jaar van zijn leven in gestoken om die materialen op kwaliteit te krijgen) gaf een aantal weken geleden tijdens een openbare vragenpanel over de sector toe dat de kwaliteit in vele segmenten van de binnenlandse chipsector ver te zoeken is maar dat honderden chipbedrijven in het land proberen toe te werken naar fundamentele basiszelfvoorziening hoe brak en inconsistent de kwaliteit ook zal zijn: de totale basis van die hele toeleveringsketen voor chips moet volgens hem eerst zijn en dat is al veel gevraagd als je dat allemaal in een land wil vanwege sancties. Het gaat om duizenden producten, materialen, chemische gassen en softwarestacks.

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China to achieve 'basic' self-sufficiency for chip fab tools this summer claims industry veteran



China is on track to achieve basic self-sufficiency in building chipmaking equipment by this summer, reports the South China Morning Post. The publication cites Gerald Yin Zhiyao, chief executive of Advanced Micro-Fabrication Equipment China (AMEC), a China-based maker of wafer fab equipment (WFE).

Chip fabs are equipped with thousands of tools and machinery, and they are usually made in the Netherlands, the U.S., Japan, South Korea, and Taiwan. However, these countries recently restricted the shipments of tools necessary to make chips on advanced nodes to China. Hence, the country accelerated its efforts to build its own supply chain for chipmaking equipment. While this supply chain is not yet world-class, and the tools can only be used to make chips on basic process technologies, it is about to become a reality, according to Gerald Yin Zhiyao, who formerly worked at Intel, Lam Research, and Applied Materials.

"I had thought we need at least 10 years to find a solution, but with joint efforts from hundreds of companies over the past two years, we can reach basic self-sufficiency by this summer," he said. China's semiconductor supply chain is growing quickly, thanks to collaboration among hundreds of companies over the past two years. Gerald Yin Zhiyao expressed confidence that China could achieve self-sufficiency, albeit with ongoing challenges in quality and reliability.

Advanced Micro-Fabrication Equipment China (AMEC) produces etching systems and metal-organic chemical vapor deposition (MOCVD) tools. Some of these tools are reportedly good enough to make chips on 5nm-class process technologies (in collaboration with tools made by ASML, though), but it is impossible to verify this.

AMEC now sources 60% of the parts for its etching tools and 80% of the components for its MOCVD tools from within China. This shift towards domestic sourcing has been crucial in reducing reliance on foreign imports. Given that most parts AMEC uses are now from China, we could say that the company is about to achieve 'basic' self-sufficiency.

However, significant gaps remain in China's semiconductor tool sector. Locally produced equipment currently constitutes only 15% to 30% of the tools used by Chinese foundries. The most notable deficiencies are in lithography systems (as the best that China's SMEE can produce in volume are good enough for 90nm-class process technologies and thicker), ion implantation tools, and electron beam inspection systems.

https://www.tomshardware.(...)ims-industry-veteran

7. Chinese staatsbedrijven worden gepusht om geld te investeren in technologie door hun politieke bazen. De bestuurders van de 97 centraal geleide staatsbedrijven worden afgerekend op onder andere dat aspect door de politiek. Ze hebben in de eerste 7 maanden van het jaar 141 miljard dollar in allerlei sectoren gepompt. De centrale staatsbedrijven worden aangestuurd vanuit de State Owned Asset Supervision and Administration Commission (SASAC). Een commissie waar Zhang Yuzhuo aan het hoofd staat. Zhang Yuzhou legt verantwoording af aan Zhang Guoqing.

https://en.wikipedia.org/(...)of_the_State_Council

Van planned obsolescence naar forced obsolescence:

We zullen dit maar de vierde week noemen. Ik ben toch thuis uit mijn neus aan het vreten: geen sport en werk op zaterdag. Iets eerder dan 1 oktober voor de ge�nteresseerden. Als dit soort spam niet gewenst is dan hoor ik het graag. Een of twee reacties en ik houd natuurlijk mee op. Zo niet dan een nieuwe update rond 15 oktober.

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2. Ze zijn van plan om een nieuwe centrale staatsbedrijf op te richten genaamd China Resource Recycling Group dat de hele productieketen voor de recycling en hergebruik van metalen in het land gaat overzien en op zich nemen onder de commissie SASAC (overziet tientallen centrale staatsbedrijven die een rol spelen in de basiseconomie zoals energie en spoor). Zhao Chenxin, een soort vice-minister van de staatsplanningscommissie (in recente jaren omgedoopt naar de National Development and Reform Commission), noemde geen datum tijdens de mediabrief van maandag 23 september 24. Ze zijn sinds 2017 beetje bij beetje bezig om recycling en hergebruik in het kader van een circulaire economie van diverse soorten afval te verbeteren. De nodige wetten en projecten/constructie uitgevoerd in de afgelopen 7 jaar maar zal daar niet te veel over uitweiden. Hier de briefing van consulantiekantoor Deza Associates voor de ge�nteresseerden die daar dieper op in gaat.

https://www.china-briefin(...)te-recycling-market/

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China Creates New State Giant to Turn Waste Into Resources



China is to establish a state-owned enterprise focused on recycling, as the country promotes upgrades to industrial equipment and consumer good trade-ins to boost the economy.

A senior official at the National Development and Reform Commission (NDRC), China’s top economic planning agency, said Monday that the commission “supports the establishment of a national resources recycling group to create a functional resource recovery and utilization platform,” the first official statement on the new state enterprise.

Caixin learned that the new China Resource Recycling Group, the 98th state enterprise under the central government’s direct oversight, will be based in Tianjin. The NDRC didn’t provide a timeline for the company, but Caixin learned that it will combine recycling businesses from other centrally owned state firms, including the waste steel operations of China Baowu Steel Group Corp. Ltd., the waste plastic recycling business of Sinopec Group, and the recycled aluminum and waste copper operations of Aluminum Corp. of China Ltd. (Chinalco). The companies have sent personnel to help set up the new company.

China Baowu’s recycling business is primarily operated by its wholly owned subsidiary, Ouyeel Chain Gold Renewable Resources Co. Ltd. According to its website, Ouyeel engages in recycling and processing metal resources, dismantling cars and ships, and handling recycled steel, along with warehousing, distribution, and international trade. Established in 2020, Ouyeel was valued at more than 10 billion yuan after a 2022 funding round. Its 2022 revenue exceeded 112 billion yuan ($15.9 billion), with a market share of over 20%.

Chinalco’s waste metal recycling businesses are distributed between its Shanghai listed arm Chalco and copper mining unit China Copper Co. Ltd. Sinopec, meanwhile, said it has been actively researching and developing waste plastic recycling projects.

China has implemented several policies this year aimed at enhancing resource recycling. In February, the State Council set a target to create a comprehensive waste recycling system by 2025, with the resource recycling industry’s annual output valued at 5 trillion yuan. An action plan in May emphasized the importance of recycling waste steel and promoting the circular use of outdated products.

In July, a policy document set the goal of developing a circular economy. Key objectives include achieving an annual utilization of nearly 4.5 billion tons of major solid waste by 2030, and establishing a green, low-carbon circular economy by 2035.

In 2023, China produced 17.7 million tons of recycled non-ferrous metals, marking a year-on-year increase of 6.95%. This included 3.95 million tons of recycled copper, up 5.3%, and 9.5 million tons of recycled aluminum, up 9.83%. In addition, it recycled 19 million tons of waste plastic, a 5.6% increase from the previous year, while the utilization of waste steel held steady at approximately 260 million tons, according to the NDRC.

https://www.caixinglobal.(...)urces-102239558.html

3. De Chinese fabrikant van zwaar bouwmaterieel Zoomlion heeft de eerste ultra-zware hybride diesel-elektrische mijnbouwvrachtwagen uit een van haar fabriekhallen in Changsha laten rollen. Die zware handel draait voornamelijk op diesel. Diverse Chinese fabrikanten zijn bezig om verschillende modellen van (hybride) elektrische en hydrogeen vrachtwagens en mijnbouwtrucks op de markt te brengen.



4. Ik kwam deze week pas achter dat een onderzoekscentra genaamd Anhui Quantum Computing Engineering Research Center (gefinancierd door de overheid met 10 miljard dollar in 2021 om onderzoek te doen naar quantumtechnologie) en het bedrijf QuantumCTek Corp cryptogene koeling (dillution fridge) hebben ontwikkeld en uitgerold voor levering genaamd 'EZ-Q Fridge'. Quantumcomputers functioneren klaarblijkelijk (??) het best onder koude temperaturen. Het is eerst voor het land dat ze een dillution fridge voor quantumcomputing uitrollen. Quantumcomputing is niet commercieel beschikbaar maar vooral een bron van onderzoek. De Chinezen willen niet weer dezelfde fouten maken als in de 19de en 20ste eeuw door industri�le en technologische revoluties te missen wat ze extreem kwetsbaar maakte in die eeuwen voor buitenlandse agressie.



5. Tsinghua University en Shanghai Jiaotong University hebben 10 fatsoenlijke humano�de robotstartups ge�ncubeerd in de afgelopen jaren blijkt uit investeringen die naar prille bedrijven vloeien op dit gebied: Xindong Era, Galaxy General, Accelerated Evolution, Xinghaitu, Songyan Power, Qianxun Intelligence, Dongyi Technology, Zhiyuan Robot, Fourier en UniX AI. De oprichters zijn studenten van de universiteiten. De scout is overigens een tool van de Amerikaanse denktank CSET die probeert buiten de Engelstalige bubbel te kijken naar de Chinese wereld.

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Tsinghua University and Shanghai Jiaotong University have incubated 10 top humanoid robot startups



In the past six months, humanoid robot startups in China have raised over 2 billion yuan total through 17 financing events. Tsinghua University and Shanghai Jiao Tong University have become key sources of talent, with 14 founders across 10 different startup companies in the sector originating from the two schools. The article describes the 10 startup companies, their specializations, and their financial backers. More broadly, the Chinese humanoid robot industry is experiencing rapid growth fueled by favorable policies, technological progress, and investment capital.

Bron: https://scout.eto.tech?id=3793

6. De Duitse denktank Mercator Instituut voor China Studies heeft � 460.000 gekregen van de Duitse ministerie van onderwijs en onderzoek om fatsoenlijk onderzoek te doen naar Chinese technologische landschap in zes verschillende sectoren. Ze zullen de resultaten stapsgewijs publiceren en updaten. Het is een anti-China denktank, maar dat is het probleem niet want we hebben allemaal een agenda, maar momenteel (september 2024) is hun kwaliteit zwaar bovengemiddeld vergeleken met al de bogus die we in de mainstreammedia heel vaak zien.

https://merics.org/en/china-tech-observatory

quote:

MERICS studies China's technology development with the support of the Federal Ministry of Education and Research

Berlin, September 26, 2024. The Mercator Institute for China Studies (MERICS) has launched a new project: The China Tech Observatory (CTO) is conducting a long-term study of China’s development in selected critical technologies, including artificial intelligence, semiconductors, biotechnology and quantum technology. The observations of the MERICS researchers will be available to all interested parties on the project website as of this fall.

The China Tech Observatory was launched on September 26 on the MERICS website. The project, funded by the German Federal Ministry of Education and Research with around EUR 460,000, is slated to run for three years. The aim is to analyze China's rapid progress in becoming an influential science and technology nation. The People's Republic is investing considerable resources in expanding its technological expertise and becoming a pioneer in future technologies. The project focuses on six key topics: Artificial intelligence (AI), semiconductors, green technologies, digital connectivity, biotechnology and quantum technology.

https://merics.org/en/pre(...)nistry-education-and

7. De Chinese premier Li Qiang is niet blij met de staat van durfkapitaal in het land. Hij sprak de 4 vice-premiers en 3 staatsraadsleden toe die onder hem in de politieke hi�rarchie staan tijdens een vergadering op woensdag 25 september 24 toe dat de ontwikkeling van durfkapitaal in het land cruciaal is voor de toekomstige ontwikkeling van technologie in het land. Die 4 vice-premiers (Liu Guozhong, Ding Xuexiang, He Lifeng en Zhang Guoqing) en 3 staatsraadsleden (Wang Xiaohong, Shen Yiqin en Wu Zhenglong) zijn verantwoordelijk voor de dagelijkse toezicht en contact met de uitvoerende ministeri�le departementen en provinciale overheden. Die krijgen of hebben al een taakstelling over durfkapitaal gekregen. De overheidstoezichthouder van de Chinese aandelenmarkt (China Securities Regulatory Commission waar Wu Qing aan het hoofd staat) gaf deze week aan dat de overheid het belang van durfkapitaal onderschat heeft. Het werd gezien als een niche sector.

quote:

China eyes sci-tech venture capital to boost industrial upgrade, economic growth



Premier Li Qiang said on Wednesday the development of venture capital is critical to sci-tech innovation, industrial upgrading and the growth of the economy. Beijing has called for measures to boost the development of venture capital and stressed the need for so-called patient capital to support the growth of science and technology companies, as China’s vision of achieving technological strength still faces challenges in its capital market activities.

Premier Li Qiang told a State Council executive meeting on Wednesday that Beijing would further facilitate fundraising, investment and management, as well as mechanisms for venture capital firms to withdraw their capital, while also supporting the listing of qualified science and technology companies in the domestic and overseas stock markets.

“The development of venture capital is critical to sci-tech innovation, industrial upgrading and the high-quality growth of the economy,” Li said, according to a State Council statement. Venture capital is a form of private equity and a type of financing for start-up companies and small businesses with long-term growth potential.

China’s cabinet also pledged to vigorously develop the equity transfer and mergers and acquisitions (M&A) market, further advance the pilot programme for distribution-in-kind shares and encourage social capital to establish market-based M&A master funds or venture capital secondary market funds.

A distribution-in-kind, also referred to as a distribution-in-specie, is a payment made in the form of securities or other property rather than in cash. The pilot model for distribution-in-kind shares aims to reduce volatility in the secondary market by allowing investors to retain their shares after exiting the fund, rather than being required to sell their assets on the secondary market to receive cash.

Beijing is seen to be seeking to promote state capital funding as a more responsible long-term and patient capital, enhancing the evaluation, fault tolerance and exit mechanisms.

Patient capital refers to funds with a long-term orientation and greater risk tolerance, and it has recently gained prominence in China’s official discourse. China’s private equity funds total more than 19 trillion yuan, according to data from the Asset Management Association of China.

But while the development of venture funds aligns with Beijing’s goal of driving economic growth through technology and mitigating geopolitical risks, the sector has long struggled with challenges in raising capital and also withdrawing it.

The national securities industry regulator said earlier that the government and the market had underestimated the significance of venture capital, interpreting it merely as a niche financial investment, and overlooking its crucial role in advancing China’s vital science and technology sectors, according to China Banking and Insurance News.

“China’s lack of top-level design for the positioning of venture capital and the fragmentation of policies have resulted in a prolonged shortage of stable capital supply for the industry, including banks, insurance and financial institutions, and the issues with exit channels and methods for reducing listed stakes in venture capital remain unresolved,” the publisher, which falls under the China Securities Regulatory Commission (CSRC), said in June.

“Beijing needs to urgently develop a national strategic consensus to address these issues.” Venture capital is propping up most of China’s tech companies, with nearly 90 per cent of the companies listed on China’s Science and Technology Innovation Board and 60 per cent of the firms listed on the Growth Enterprise Market having received support from private equity funds, according to Zhou Xiaozhou, a director at the CSRC.

Venture capital funds have invested in about 100,000 projects in key science and technology innovation fields, including semiconductors and biomedicine, with about 4.3 trillion yuan (US$607 billion) in invested principal, Zhou said at a meeting in May.

https://archive.fo/YVFqK#selection-1563.0-1566.0

https://www.scmp.com/econ(...)rade-economic-growth

8. De Chinese overheid heeft een aanzienlijke netwerk aan staatslabs in het land opgetuigd. De staatslabs bestaan sinds 1984 in China maar het systeem evolueert door de jaren heen want Beijing leert ook van falen en ervaring op dit gebied en probeert het systeem telkens te verbeteren. Er zijn sinds 1984 vier Chinese leiders geweest; Deng Xiaoping, Jiang Zemin, Hu Jintao en Xi Jinping die allemaal aan hebben lopen bouwen. De Duitse denktank Merics heeft daar een goed stuk over geschreven. Hier is de link voor de ge�nteresseerden.

https://www.merics.org/si(...)innovation-chain.pdf

quote:

3 RESEARCH LABS: REALIGNING THE SCIENTIFIC ENTERPRISE
State key laboratories (SKLs), of which there are 533 according to official statistics, make up the largest group of centrally supported labs. SKLs are organized around broad disciplinary topics such as biology, physics, or the information sciences. They play a role in fostering "indigenous innovation," attracting talent from abroad, and commercializing research.

SKLs are ranked immediately below so-called national labs and research centers, of which there are 20. National Engineering Research Centers (NERC), of which there are 191, have equal status. In contrast to SKLs, which traditionally focus on basic science, NERCs focus on the development of domestic commercial applications.

The state key laboratory (SKL) designation was launched in 1984 during China's reform and opening-up period and has since undergone successive waves of reform. Research organizations usually have an existing research facility and SKL status granted following a successful application. Once awarded, the facility receives steady annual funding, contingent on successful five-yearly reviews, making this an important and prestigious funding program.

Bron: https://www.merics.org/si(...)innovation-chain.pdf

9. Copy past van scout. De scout is zoals gezegd een tool van de Amerikaanse denktank CSET die probeert buiten de Engelstalige bubbel te kijken naar de Chinese wereld. Een conferentie met als thema synthetische bioproductie (biomanufacturing) waarin de binnenlandse expertise bij elkaar kwam om op 28 en 29 augustus over te praten in de stad Hefei. Er werd een adviescomit� opgericht op het gebied van synthetische bioproductie. Georganiseerd door Tsinghua Universiteit en de gemeente Hefei.

quote:

''De China Biomanufacturing Conference 2024 werd van 28 tot 29 augustus in Hefei gehouden. Het evenement, met als thema 'Biomanufacturing Creates the Future', mede georganiseerd door de Tsinghua Universiteit en de lokale overheid, richtte de Biomanufacturing Alliance op om verschillende belanghebbenden voor de ontwikkeling van de industrie te verenigen. Er werd een deskundig adviescomit� opgericht dat zich zal richten op bioproductie, en er werden tien openstaande cases uit de Chinese binnenlandse bioproductie-industrie gepresenteerd. Het ontwikkelingsplan van het Hefei Biomanufacturing Industrial Park werd ook onthuld.''

Bron: https://scout.eto.tech/?fulltext=hefei+biomanufacturing

10. Ze zijn op 15 juli '24 begonnen met het bouwen van de eerste innovatiecentrum voor synthetische bioproductie op nationaal niveau in de stad Shenzhen. Het initatief/centrum zal worden vormgegeven en gestuurd door de organisaties Shenzhen Instituut voor Geavanceerde Technologie (SIAT) en de Chinese Academie van Wetenschappen (CAS).

https://www.suat-sz.edu.cn/en/About_Us/Leadership.htm

quote:

The National Biomanufacturing Industry Innovation Center started construction in Shenzhen, Guangdong

The construction of China's first national-level bio-manufacturing innovation center began in Shenzhen. The center is led by the Shenzhen Institute of Advanced Technology (SIAT) of the Chinese Academy of Sciences and will feature six major technical platforms. (Source (CN): S&T Daily)

Bron: https://scout.eto.tech/?f(...)gs=recADsTVXtwN7CTFp

quote:

Op maandag 19 augustus 2024 16:55 schreef Hanca het volgende:

[..]
Ik heb mijn bijbel compleet achtergelaten, ik heb niks aan een verscheurde bijbel (en had volgens mij ook toen al een digitale versie van de bijbel bij me). Het grootste probleem was denk ik dat ik altijd een Engelse bijbel meeneem (ook in NL naar de kerk) ipv een Nederlandse. Dat leek die man niet te vertrouwen.

Het terugkeren heeft een heel simpele reden: nog veel meer dan zelfs Zuid-Europeanen hangen Chinezen aan familie, daar willen ze gewoon graag bij in de buurt wonen. Maar als die Chinezen konden kiezen zouden ze graag in China, op hun geboortegrond met hun familie, wonen onder de democratische waarden van Nederland, zeer zeker.

Daarnaast: Chinezen die de mogelijkheid hebben om te reizen of te studeren in het buitenland, zijn Chinezen die profiteren en floreren onder het Chinese systeem. Zo gek is het dus niet dat zij positief staan ten opzichte van China. En dan heb je je nog de Chinese politie + angst cultuur waardoor mensen voorzichtig zijn politiek stelling te nemen.

quote:

Op maandag 30 september 2024 13:39 schreef Mikeytt het volgende:

[..]
Beetje onzinnige insteek. Er is ontzettend veel kritiek op de overheid en mensen zijn vaak politiek uitgesproken als het over politiek gaat.

Open maar een willekeurige frontpage van Weibo of RED...

Prima joh. Kun jij mij zo'n kritisch item aanwijzen op de frontpage van Weibo? https://m.weibo.cn/

Als ik zoekt op '习近平' krijg je nul resultaten. 580 miljoen gebruikers, maar de zoekmachine geeft niets terug als je zoekt op de naam van de president.

https://m.weibo.cn/search(...)A0%E8%BF%91%E5%B9%B3