Iran to boost oil supplies to China in October-November: Rosneft CEO


October 25, 2018

VERONA, Italy (Reuters) – Iran plans to supply more than 20 million barrels of crude oil to the Chinese port of Dalian in the October-November period, up sharply from the usual monthly volumes of up to 3 million barrels, Igor Sechin, the CEO of Russian oil major Rosneft, said on Thursday.

Reporting by Oksana Kobzeva; Writing by Maria Kiselyova; Editing by Christian Lowe

Source: Reuters “Iran to boost oil supplies to China in October-November: Rosneft CEO”

Note: This is Reuters’ report I post here for readers’ information. It does not mean that I agree or disagree with the report’ views.


China, India aim to hold army drills in China by end of year


October 25, 2018

BEIJING (Reuters) – China and India aim to hold joint army drills in China before the end of this year, China’s Defence Ministry said on Thursday, as the two countries continue a rapid rapprochement.

Relations between the Asian giants were strained last year over a 73-day military face-off in a remote, high-altitude stretch of their disputed Himalayan border.

But the neighbors have over recent months been working on mending ties and visiting Chinese Defence Minister Wei Fenghe met Indian Prime Minister Narendra Modi in New Delhi in August.

Speaking at a regular monthly news briefing, Chinese Defence Ministry spokesman Wu Qian said that the joint exercise was planned for before the end of this year.

The two countries would meet in the southwestern Chinese city of Chengdu next month to discuss the arrangements, he added, without giving other details.

India and China fought a war in 1962 and the unresolved dispute over stretches of their 3,500 km (2,200 miles) border has clouded relations ever since.

But the two big Asian economies share similar positions on a host of issues including concern about U.S. tariffs and Chinese President Xi Jinping and Modi agreed in April to improve relations.

Reporting by Ben Blanchard; Editing by Nick Macfie

Source: Reuters “China, India aim to hold army drills in China by end of year”

Note: This is Reuters’ report I post here for readers’ information. It does not mean that I agree or disagree with the report’ views.


China spends $328 billion on transport infrastructure from January to September: ministry


October 26, 2018

SHANGHAI (Reuters) – China’s total fixed asset investment in transport infrastructure hit 2.28 trillion yuan ($327.77 billion) from January to September this year, up 1.4 percent from a year earlier, according to government data published on Friday.

China is increasing infrastructure spending in order to boost its slowing economy. The value of fixed-asset investment projects approved in the third quarter of this year hit 437.4 billion yuan, more than four times the amount during the April-June period, according to Reuters calculations.

According to a briefing by the Ministry of Transport, China’s spending on high-speed highways reached 702.6 billion yuan, up 12 percent on the year, though much of the increase was offset by declines in investment in rural road infrastructure.

China has promised to boost its railway freight capacity in order to ease traffic congestion and pollution. The ministry said rail freight volumes rose 7.9 percent in the first three quarters, with deliveries of coal by rail rising around 10 percent.

Rail still only accounted for 8.1 percent of total freight, which amounted to 37.74 billion tonnes over the period, up 7 percent on the year.

China said in July that it would boost the volume of goods delivered by trains by as much as 30 percent by 2020, noting that trucks produced 13 times more pollution per unit of cargo than trains.

Reporting by David Stanway; Editing by Gopakumar Warrier

Source: Reuters “China spends $328 billion on transport infrastructure from January to September: ministry”

Note: This is Reuters’ report I post here for readers’ information. It does not mean that I agree or disagree with the report’ views.


China’s Wingtech to gain control of Dutch chipmaker Nexperia for $3.6 billion


Sijia Jiang October 25, 2018

HONG KONG (Reuters) – China’s Wingtech Technology Co Ltd, the world’s largest smartphone contract manufacturer, is acquiring Dutch semiconductor firm Nexperia Holding by buying a majority stake from its Chinese owners for 25.2 billion yuan ($3.63 billion).

Wingtech, a contract manufacturer for China’s largest smartphone companies including Huawei Technologies [HWT.UL] and Xiaomi Corp, said in a stock exchange filing late on Wednesday it plans to pay 18.45 billion yuan to buy stakes from Nexperia owners.

It had announced in September that it will spend 6.7 billion yuan to acquire another owner of Nexperia. Based in the Netherlands, Nexperia was formerly the products unit of NXP Semiconductors [NXPSM.UL].

Wingtech will indirectly own 75.86 percent of Nexperia as a result of the deals, it said. The acquisition is subject to regulatory approval including from the Committee on Foreign Investment in the United States (CFIUS).

The acquisition will value Nexperia at 35.1 billion yuan ($5.06 billion), around one-and-a-half times the $2.1 billion a consortium of Chinese buyers paid for it in 2016, the filing said.

Wingtech said in the filing it is the world’s largest smartphone original design manufacturer (ODM) by volume, with more than 10 percent of the global market share.

Nexperia is a component supplier in the semiconductor industry, with clients including Apple Inc and Samsung Electronics.

According to the filing, Wingtech aims to raise up to 4.63 billion yuan in a private placement to fund the deal. Its shares have been suspended since April.

Wingtech said it plans to get into automotive electronics after the deal is completed, currently Nexperia’s largest business, as it seeks to benefit from business demand from more sectors in the 5G era.

Chinese regulators earlier this year thwarted Qualcomm Inc’s $44 billion deal to buy NXP amid escalating trade tensions between China and the United States.

Reporting by Sijia Jiang; Editing by Muralikumar Anantharaman

Source: Reuters “China’s Wingtech to gain control of Dutch chipmaker Nexperia for $3.6 billion”

Note: This is Reuters’ report I post here for readers’ information. It does not mean that I agree or disagree with the report’ views.


China, Japan Pledged Closer Ties at ‘Historic Turning Point’


Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe, Chinese Foreign Minister Wang Yi and Japanese Foreign Minister Taro Kono attend a signing ceremony at the Great Hall of the People in Beijing, China October 26, 2018. REUTERS/Thomas Peter

Reuters says in its report “China, Japan to forge closer ties at ‘historic turning point’” on October 25, during Japanese Prime Minister Shinzo Abe’s 3 days China visit “China and Japan on Friday pledged to forge closer ties as both countries stood together at an “historic turning point”, signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington.”

It quotes Abe as sauomg. “From competition to co-existence, Japan and China bilateral relations have entered a new phase. Hand in hand with Premier Li, I would like to advance our ties forward” and “With President Xi Jinping, I would like to carve out a new era for China and Japan.”

China’s state media quote Xi as saying that bilateral ties had returned to the right track and China would ensure the positive momentum continues, according to state media and “That is worth cherishing by both sides”.

In addition $30 billion currency swap pact the two sides has signed a wide range of agreements including 500 business deals worth $18 billion between Chinese and Japanese companies during the visit,

Reuters quotes Chinese Premier Li Keqiang as saying that both sides had agreed that as major countries, China and Japan should uphold free trade and accelerate talks on the Regional Comprehensive Economic Partnership (RCEP) and on a China-Japan-Korea trade zone.

That is what they will do to counter US unilateralism. Since Trump has scrapped TPP that Japan is anxious to have to contain China and been pressuring Japan for trade concessions, Japan has no choice but to join China in forming RCEP and China-Japan-Korea free trade zone to counter the US.

Comment by Chan Kai Yee on Reuters’ report, full text of which can be viewed at https://www.reuters.com/article/us-china-japan/china-japan-to-forge-closer-ties-at-historic-turning-point-idUSKCN1MZ00O


USA, China and Russia Military Jet Production and estimates for 2030


brian wang | October 24, 2018

The US got about fifty F-35s in 2017 and 26 F-18 Superhornets. In 2018 there will be seventy F-35s for the USA and about fourteen F-18s. The US is getting about 75 to 85 fighter jets every year.

In 2017 and 2018, the USA got other military aircraft
15 KC-46A refueling tankers
five E-2D Advanced Hawkeye is an airborne early warning
17 P8A anti-sub in 2017 and 7 in 2018
19 C-130J cargo aircraft in 2017 and 9 in 2018

In total, the US is getting about 130 military planes each year. This does not count helicopters.

Lockheed has delivered 310 F-35s by mid-2018 and expects to deliver another 91 in 2018 after meeting last year’s target of boosting deliveries to 66. Almost one-third of the F-35s go to allies of the United States.

Russia Military Jet Deliveries

In 2017, Russia received about 43 fighter jets.

16 Su-34s, an all-weather supersonic fighter-bomber;
10 Su-35s, a new version of the super-maneuverable Su-27 fighters;
17 Su-30SMs, a variant of the Su-30MKI produced by Irkut Corp with upgrades in radar, communications, friend-or-foe identification, ejection seats, etc.

Russia had about 14 other military aircraft delivered in 2017.

Russian builders Mikoyan, Sukhoi and other contractors only manufactured some 80 warplanes – but they have the capacity to build about 130 planes a year. Russia exports military jets to other countries.

China military jet delivery estimates

China-based military website Northern Defence said China may have received around 100 aircraft in 2017. About two-thirds were combat jets.

China is building more production lines and factories to build new J-31 and J-20 stealth fighters.

China will likely increase fighter jet production roughly matching its 5-10% military budget increases. China’s military budget will be about double in 2030. China would match US fighter jet production quantities around 2025.

China might shift to mostly stealth jet production sometime around 2030. China’s stealth jet production is highly uncertain as production is just starting. China does not announce production plans or force levels.

Estimates of 4th and 5th generation jets in 2025 and 2030

The US has more jet fighter deliveries than China and Russia combined and the US has far more fifth-generation stealth fighters.

China has about 700 4th generation fighters today and about 25 fifth generation fighters.
China could have 1100 4th generation fighters and about 60-120 fifth generation fighters in 2025.
China could have 1200-1600 4th generation fighters and 200-500 5th generation fighters in 2030.

The US has about 450 fifth generation fighters today (F-22 and F-35s).
The US air force has about 1500 F-16s and F15s. The Navy has about 800 F-18s and the Marines have about 260 F-18s.
The US will have about 1000 fifth generation fighters in 2025 and about 1500 by 2030.

Russia will probably have about 1000-1200 4th generation fighters in 2030.

Source: nextbigfuture.com “USA, China and Russia Military Jet Production and estimates for 2030”

Note: This is nexbigfuture.com’s report I post here for readers’ information. It does not mean that I agree or disagree with the report’ views.


China Has Strongest Fibre for Railgun, Laser Gun, Catapult, Space Lift


SCMP says in its report “China has strongest fibre that can haul 160 elephants – and a space elevator?” today that Chinese scientists in Tsinghua University has developed the strongest fiber in the world, 1 cubic centimeter of which only 1.6 gram in weight won’t break under the weight of 800 tonnes.

The fiber is made of carbon nanotube of tensile strength at least 9 to 45 times that of other materials. Scientists want to use it in space elevator connecting a geostatic satellite with the ground.

Such a lift is very complicated. It will take a long time to develop though Chinese, Russian, American and Japanese scientists have been making great efforts to develop it according to the report. However, the fiber will be “in great demand in many high-end fields such as sports equipment, ballistic armour, aeronautics, astronautics and even space elevators” said its development team.

One example is superfast flywheels in a mechanical battery with 40 times the energy density of a lithium battery, A Tesla Model S could travel for 16,000km in one charge – the distance from London to Sydney.
Of course, such battery will first be used militarily in railgun, laser gun, electromagnetic catapult, etc.

Comment by Chan Kai Yee on SCMP’s report, full text of which can be viewed at https://www.scmp.com/news/china/society/article/2170193/china-has-strongest-fibre-can-haul-160-elephants-and-space