Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.
Showing posts with label Hong Kong. Show all posts
Showing posts with label Hong Kong. Show all posts

Friday, December 10, 2010

Taiwan confirms mass producing cruise missiles





http://www.spacewar.com/reports/Taiwan_confirms_mass_producing_cruise_missiles_999.html Taipei (AFP) Dec 9, 2010 Taiwan has confirmed for the first time that it is mass-producing cruise missiles, despite fast warming ties with China. "Mass production of indigenous weapons like the ones under the code names of 'Chichun' (Lance Hawk) and 'Chuifeng' (Chasing Wind) is very smooth," Deputy Defence Minister Chao Shih-chang told parliament Wednesday.
"The problems with key parts and components that had previously stalled the manufacturing have been tackled," he said in reply to queries raised by legislator Lin Yu-fang.
The Chichun project refers to the Hsiungfeng 2E cruise missile, Taiwan's answer to the US-made Tomahawk. Chuifeng is a project to develop the island's long-anticipated supersonic anti-ship missile.
Chao declined to specify the range of the missiles or the number to be put into service.
"Surely the cruise missiles will be able to boost Taiwan's self-defence capabilities," Alexdander Huang, a professor of Tamkang University in Taipei, told AFP.
"But that's it. Taiwan is unlikely to use such weapons to take the first strike against the targets on the mainland."
The cruise missiles could be launched from land or sea, and would be capable of hitting airports and missile bases in southeast China, as well as cities such as Shanghai and Hong Kong, local media said.
Taiwanese experts estimate China's People's Liberation Army currently has more than 1,600 missiles aimed at the island.
Tensions across the Taiwan Strait have eased since Ma Ying-jeou of the China-friendly Kuomintang came to power in 2008 on a platform of beefing up trade links and allowing in more Chinese tourists.
However, China still refuses to renounce the possible use of force against the island in its long-stated goal of re-taking Taiwan, which has ruled itself since the end of a civil war in 1949.
The Pentagon said in an annual report to Congress earlier this year that China's military build-up against Taiwan has "continued unabated" despite improving political relations.

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Monday, November 29, 2010

China Huaneng to Buy Stake in Power Company BY SATISH SARANGARAJAN

MUMBAI—China Huaneng Group agreed to buy India-based GMR Group's 50% stake in a U.S.-based power-generation company for $1.23 billion, expanding Chinese investment in overseas energy assets.
State-run China Huaneng Group is a major Chinese power producer with generation projects in China and abroad.
The deal for the stake in InterGen, announced Sunday, was one of several energy transactions in recent months involving Chinese ...http://online.wsj.com/article/SB10001424052748704700204575643672807661734.html?mod=WSJ_business_whatsNews
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Thursday, November 25, 2010

Westinghouse Expects Additional AP1000 Nuclear Reactor Orders From China

Westinghouse Electric Co., owned by Toshiba Corp., expects additional orders for its third- generation AP1000 reactors from China after selling four units three years ago to the world’s fastest-growing nuclear market.
“There are going to be more AP1000s and the success of the current ones will determine that,” Jack Allen, Westinghouse’s president for Asia, said in an interview in Beijing today, adding talks haven’t formally begun. “There are no guarantees. Westinghouse is working very hard with customers here.”
China and India are leading the biggest atomic expansion since the decade after the 1970s oil crisis to cut pollution and power economies. Under a 2007 accord, Westinghouse is jointly building four AP1000 reactors with companies led by China National Nuclear Corp., and has transferred nuclear technology as it seeks to forge a lasting partnership with future rivals.
“It seems entirely reasonable to me to say that the company will get a lot more out of China,” said Rajesh Panjwani, an analyst at CLSA Asia-Pacific Markets in Hong Kong. “Westinghouse has been selling nuclear technology in Korea for almost 20 years and it still needs Westinghouse’s assistance.”
China’s 11 existing nuclear power generating units all use second-generation technology, the official Xinhua News Agency said on July 22. The nation plans at least 60 new reactors by 2020, Xu Yuming, executive director of the China Nuclear Energy Association, said on July 6.More at:
http://www.bloomberg.com/news/2010-11-25/westinghouse-expects-more-reactor-orders-from-china-on-clean-energy-demand.html
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Saturday, November 20, 2010

Hong Kong Officials Displeased at Nuclear Leak 'Cover-Up' in China

Hong Kong officials are worried and incensed over what they see as the cover-up after a radiation leak at a nuclear power plant in mainland China.

The troubled Daya Bay Nuclear Power Plant is on the Dapeng Peninsula in Shenzhen, Guangdong Province, 28 miles northeast of Kowloon, Hong Kong; it has had numerous problems over the past eight years.

The latest and so far most serious damage occurred on Oct. 23 when a cooling water pipe on the No. 1 reactor was found to have cracked and was leaking nuclear radiation. The public was not told about the leak for three weeks.

It was the third time in the past six months the Daya Bay power plant has had problems

Officials said the incident was a Level 1 Event “anomaly,” which is the lowest of seven levels, according to the International Nuclear and Radiological Event Scale.http://www.theepochtimes.com/n2/content/view/46211/
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Tuesday, November 16, 2010

Energy Tells Tale of Fading West, Booming East by Llewellyn King

Energy Tells Tale of Fading West, Booming East
 
The patient is the United States and the diagnosis is "Asia shock."
 
It is a psychological disease with physical symptoms and no known cure. However there are therapies, therapies of trade, diplomacy and fiscal restraint at home.
 
As President Barack Obama jetted around Asia, he may have pondered not so much the economic power that waits East of Suez, but why it took so long to emerge. And why the patient is in denial.
 
In the 18th and 19th centuries, Asia was for the taking by the European colonialists; and take they did.
 
Foremost was Britain with India, Ceylon, Burma, Malaya and coastal enclaves in China. France lumped together the countries of Vietnam, Cambodia and Laos as Indochina. Holland, of shrinking consequence in Europe, dominated Indonesia. Portugal had its toehold in Goa and Macao. Spain dallied in the Philippines till booted out by the emerging power of the time, the United States.
 
Only Japan was sufficiently organized to be a local maker of mischief in Korea and China.
 
Anyone looking at brawling, muscular, talented Asia today has to wonder why the giants slept for so long, and how the colonial masters were so ignorant of the abilities of their subservient people.
 
Blame Britain.
 
During the 15th century, the Age of Discovery, exploration was driven by a lust for wealth in the form of spices, gold and silver. Once the Industrial Revolution got under way in late 18th-century Britain, the lust was for those things plus raw materials to feed the factories. The newly wealthy in London and the south, with their lavish country homes, wanted tea and coffee, herbs and spices, tropical goodies and strange flavors from the East.
 
The colonial compact, more implied than written, was simple: They--the Asians--grow and harvest; the West manufactured.
 
Britain, followed by its rivals, set the policy, and in so doing kept the Industrial Revolution at home; it was not for export.
 
While the British like to export their values, their justice systems and, in a tepid way, Anglicism (Catholic countries were more aggressive in the export of religion), they kept their industrial revolution at home, and all of the secondary industry it spawned. It was a black day in London when it was learned that industrial espionage had allowed spinning technology to escape to America.
 
To this day, the remnants of the system which ruled that "value-added will take place in Britain" can be seen in British specialty products. The great tea-packing houses are still in Britain and Ireland, and some cottons are still woven in Britain.
 
No factories sprang up in the Asian empires of the European colonists. No technology transfer was encouraged, and the enormous latent talent of Asia went unrecognized.
Japan, without colonial influence, industrialized in the first part of the 20th century, but mostly to mechanize its military.
 
It was not until after World War II that Asia stirred and threw off the European constraints. Ironically, along with Japan, the British colonies of Hong Kong and Singapore showed the way.
 
If China was slow to industrialize, it has charged ahead, changing the balance in the world and embracing the central truth of the Industrial Revolution: You need energy to make and move goods.
 
China has signed up developing countries' oil and gas suppliers at a dizzying rate. In contrast, the United States looks at energy--the indispensable element in industrial output--through a post-industrial, environmental lens.
 
According to the World Nuclear Association, China has 39 nuclear reactors planned or on order and 23 under construction. There are 120 on its wish list. The United States has nine on its wish list and is building two.
 
The United States can no longer forge the large components for nuclear reactors. This can be done only in Japan; but China and South Korea are building new facilities to do the work.
The U.S. dominates the world in two disparate arenas: defense technology and entertainment. In nearly all else, it is slipping.
 
It will be a shocking day for Americans when people from another country walk on the moon, where astronauts Neil Armstrong and Buzz Aldrin trod in 1969. But it will happen.
 
Llewellyn King is executive producer and host of "White House Chronicle" on PBS. His e-mail is lking@kingpublishing.com.
 
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Wednesday, September 1, 2010

Ganji tops China listings By Sherman So



HONG KONG - Five years ago, hundreds of entrepreneurs in China were trying to imitate the hugely successful Craigslist classified site. Today, the sector has consolidated, and Ganji, founded in 2005 by Mark Yang, is emerging the winner with revenue it expects to double to US$20 million next year.

Yang, impressed by what he had seen was happening with Internet classified advertising while he was a student in the United States, decided to do the same when he returned to China in late 2004.

"I was at Yale studying computer science. And I am a Craigslist fans. So, I gathered some money from friends, about $100,000, and we started a classified website in China," he said
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