To: Maverick who wrote (3682 ) 12/30/1998 2:27:00 PM From: PIERRE HANDL Respond to of 4908
Good article. To your no surprise, I am up beat both on China and Orbital. Sure China has human rights issues, but that too I believe will improve. It has to if China is to reach its full potential. What encouraged me in the article was the admission on the part of the Chinese official that some of the data may have been faked. Looking back to the cold war period, such an admission was unthinkable. In one of the many news articles I've read about contemporary China, they are in the process to replicate the US interstate highway system in China. Plans have been implemented to build a 23,000 mile highway system. China has a huge store house of US currency to help pay for the public works construction. Such an undertaking will increase the demand for vehicles, cars, trucks, and motorcycles. Currently China manufactures I believe over 1 million cars a year. I would bet a large percentage are those mini cars/cabs they are reported to be eliminating. The mini car concept may not be a hot number here in the US, considering the monster vehicles GM, Ford, and Chrysler are producing, but it is in Japan and Europe. With Orbital and Texmaco in a deal to produce mini 2S car engines, we should experience the beginning of a world wide explosion of highly efficient, clean and cost effective vehicles outside the North American continent. The auto industry may try to sell us fuel cell and hybrid electric equipped cars, but the old fashion, however improved internal combustion engine will still be the most effective technology on a total cost, benefit, and environmental consideration to produce portable mechanical power for cars, motorcycles, and trucks in the next millennium. A 10% to 15% mileage improvement OCP offers may not sound like much, but when equating this to the amount of tons of pollutants that will be removed from the world tail pipes over the period of time before the esoteric technologies become widely accepted, is very significant. With the demand for portable mechanical power on the increase by the world's most populated country whose per capita income is only $600 (China's per capita income in 1997 was about $600 (U.S. dollars) on an exchange rate basis. Even though it was substantially higher on a purchasing power parity basis, China remains in the lower ranks of the world's countries. (In the coastal and developed areas, however, income levels are much higher, approaching those in the newly specialized countries and not far behind those in Eastern Europe.) As to growth, China's gross domestic product has risen about 10 percent per year in real terms since economic reform began almost 20 years ago. Data on Chinese economic conditions and trends can most easily be accessed from Economist Intelligence Unit quarterly country profiles on China. See also S. Shuisheng and Y. Yuqun, "On the Problems of Distribution of Social Income in China," Chinese Economic Studies 29, no. 6 (1996): 6. Low cost, efficient and clean methods that enhance transportation of goods and personnel is absolutely essential to China's business plan to become a world economic power and hopefully improve the standard of living of its population.