Government reporting contraction but Caixin reporting expansion? Only thing that really makes sense is that the government wants a backdrop to justify further economic intervention in the property market.
TOKYO, Sept 1 (Reuters) - Asia’s factory activity weakened in August as manufacturers felt the pinch from rising input costs and slowing global demand, but an unexpected rebound in China offered some hope for the region’s export-reliant economies, private surveys showed.
China’s private Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 51.0 in August from 49.2 in July, a survey showed on Friday, beating analysts’ forecasts and exceeding the 50.0 threshold that separates growth from contraction.
The reading came a day after an official survey showed manufacturing activity contracted for a fifth straight month, offering a mixed picture on business conditions in the world’s second-largest economy.
Japan’s factory activity shrank for a third straight month in August, while that for South Korea extended its longest-ever slump on wage pressures and soft exports, the surveys showed.
“August PMI data signalled that South Korea’s manufacturing sector saw a sustained deterioration in operating conditions,” said Trevor Balchin, Economics Director at S&P Global Market Intelligence.
Japan’s final au Jibun Bank manufacturing PMI came in at 49.6 in August, unchanged from July and staying below the 50.0 threshold for a third straight month, as input costs rose, a private survey showed.
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April 26 (Reuters) - General Dynamics Corp (GD.N) on Wednesday reported a 5.2% rise in quarterly revenue, boosted by strong demand for munitions amid geopolitical instability caused by Russia’s full scale invasion of Ukraine.
Shares were down 5.5% to $210.40 during early trading in New York after Chief Executive Officer Phebe Novakovic warned second quarter revenue would be lower than anticipated due to investments the company is making into building its newest business jet, the G700, which is expected to receive FAA certification by late summer.
U.S. defense contractors have benefited as the war in Ukraine and tense U.S.-China relations have fueled demand for weapons such as tanks, submarines and munitions.
Orders at General Dynamics’ Combat Systems business unit which makes tanks and munitions were at their highest level in eight years.
However, quarterly profit was flat at $730 million, as supply chain disruptions and labor shortages continue to hobble production.
Revenue at the Marine Systems unit, which makes ships in addition to submarines, increased 12.9% versus the same period a year ago with profit flat.
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Click here to see the summarySHANGHAI, Aug 30 (Reuters) - China’s Jingwei Textile Machinery Co (000666.SZ) - the biggest shareholder of troubled Zhongrong International Trust Co - saw its stock surge on Wednesday after offering to buy out investors who object to the firm’s plan to switch bourses. Jingwei owns 37.5% of Zhongrong International Trust which has missed payments on dozens of investment products since the end of July, investor sources said, triggering contagion fear in an economy suffering from huge debt in the real estate sector. Delisting from the Shenzhen Stock Exchange could shield public market investors from liquidity woes at Zhongrong, a major shadow bank with heavy exposure to real estate. “Due to changes in market conditions, the company’s operations face huge uncertainty that could have a major impact,” Jingwei said in an exchange filing late on Tuesday. Under a proposal from parent China Hi-tech Group (600730.SS) intended to “protect the interest of small shareholders”, Jingwei will withdraw its Shenzhen listing and seek to float on the New Third Board, a smaller equity trading venue in Beijing that has a high threshold for investor participation. Asset manager Zhongzhi Enterprise Group, the second-biggest shareholder of Zhongrong International Trust, told investors at a videoed meeting this month that it is facing a liquidity crisis and will restructure debt. — Saved 21% of original text.
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Click here to see the summaryTOKYO, Aug 29 (Reuters) - Japan threatened on Tuesday to take China to the World Trade Organization (WTO) to seek a reversal of Beijing’s ban on all of its seafood imports after the release of treated radioactive water from the stricken Fukushima Daiichi nuclear power plant. Foreign Minister Yoshimasa Hayashi told reporters that Japan would take “necessary action (on China’s aquatic product ban) under various routes including the WTO framework”. Filing a WTO complaint might become an option if protesting to China through diplomatic routes is ineffective, Economic Security Minister Sanae Takaichi said separately. The comments came as Japanese businesses and public facilities continued to receive harassment calls from phone numbers with the +86 Chinese country code, with many reporting callers complaining of the Fukushima water release. NTT East, which serves the eastern half of the country including Fukushima, said it had set up a customer service centre on Tuesday specifically for harassment calls from overseas, in response to the government’s plea. The minister said the government was gathering information on the reports of movements to boycott Japanese products in China and would work with business leaders to address the situation. — Saved 56% of original text.
Dumping is illegal where I live, you’ll get a fine ;)
Jokes aside, does anyone with a chemistry/physics background know of a technical solution/alternative to dumping? I suspect Japan would not dump nuclear waste in their domestic waters if they could avoid it.
Idk why the downvotes, I’m actually curious about this. Do you know how the waste is treated? I have a some education in radioactive materials and it doesn’t seem like an easy problem to solve.
If you have some “education about radioactive materials” you’d know that the half-life of tritium is 12.5years and that it is a beta emitter. This type of radiation isn’t harmful unless ingested. You would also know that the water has been diluted to safe levels before being released in the ocean, and even after that dilution, it will also not be released all at once, further reducing the chance of re-concentration and making radiation poisoning impossible. Finally since this is tritium we are talking about it, it isn’t a bio-accumlator and if you did drink too much tritated water, the treatment would be to drink an increased amount of tap water.
Since you are still just “asking questions,” about how Tritrated water is “treated” it kind of sounds like you don’t actually know about radioactive materials at all otherwise you would know about H3, i.e. tritium and wouldn’t be concerned about “treatment” only the concentration of the released water.
Cause you deserve it. You lie about your background and act as if you are “just asking questions” when in reality all you are doing to other people is saying “I’m an expert and treating this waste is impossible so how are they doing it”.
They settle out all of the heavier radioactive elements. They then dilute the remaining heavy water with additional water to drive the level of tritium to an acceptable level. It is then dumped into the ocean and rapidly mixes with the surrounding seawater. If you were to look at a map of ocean currents you’d see generally where it would go from there, but it doesn’t really matter because tritium isn’t really a significant concern. If they were dumping significant quantities of cobalt 60 you should care more, but they aren’t, so you shouldn’t.
The radioactive component is mostly tritium. As long as they get almost all of the heavy radioactive elements, the hydrogen isotopes are basically harmless in the quantities we’re talking about here. The ocean is a very, very big place.
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