Stumbled across this story about how a Chinese province quickly built a facility based on tech discovered in Europe: So a *European* startup called IB2 announced *in the US* the invention of an amazing new technology to upgrade low-grade bauxite – previously discarded as waste – into high-grade, which makes it usable to make aluminum […]
China
Roughly speaking there are two types of corporations in China. State owned (SOE) and private. During the policy driven real-estate bust, the countries biggest builder, Evergrande, went under. But there was an assumption that the government would bail out real-estate SOEs. Well the largest one, Vanke, is going under, and the central government is going […]
The misunderstandings packed into this little bit of writing are stupendous: Over the past few years, China has been in deflation, while the US has been in inflation. Yet despite this stark divergence, the CNH has still depreciated more than 10% against the US dollar. This combination — falling relative prices in China and a […]
Elevated from Comments. Piece by KT Chong China is now entering the next phase of its economic-growth engine — humanoid robots. And just like with EVs, the shift is happening fast, quietly, and with the same pattern: Chinese companies industrialize before Western analysts even realize it’s begun. UBTech, Unitree, XPeng — they’ve all started mass-producing […]
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Iain Overton travelled to Tashkent, where cranes rise over Soviet relics and Chinese cars fill the streets, to see how Uzbekistan has become the lodestar of Central Asia’s quiet pivot away from Moscow
So… NASA’s civil servant workforce has varied in size over the years, peaking during the Apollo program. During the 1990s, the Clinton administration reduced the workforce by 25% over five years, a process that some claim laid the groundwork for the shuttle Columbia disaster. This budget proposes to slash NASA’s workforce by nearly 1/3 in […]
Communities living near mines often bear the brunt of pollution, environmental degradation, and the economic instability brought by boom-and-bust cycles, while end-users and proprietors enjoy the economic and environmental gains.