<?xml version='1.0' encoding='UTF-8'?><rss xmlns:atom="http://www.w3.org/2005/Atom" xmlns:openSearch="http://a9.com/-/spec/opensearchrss/1.0/" xmlns:blogger="http://schemas.google.com/blogger/2008" xmlns:georss="http://www.georss.org/georss" xmlns:gd="http://schemas.google.com/g/2005" xmlns:thr="http://purl.org/syndication/thread/1.0" version="2.0"><channel><atom:id>tag:blogger.com,1999:blog-247608134812275754</atom:id><lastBuildDate>Thu, 24 Oct 2024 09:14:07 +0000</lastBuildDate><category>Fed</category><category>economy</category><category>hyperinflation</category><category>investment</category><category>property</category><title>I wandered as a cloud</title><description></description><link>http://daisyhwku.blogspot.com/</link><managingEditor>noreply@blogger.com (Unknown)</managingEditor><generator>Blogger</generator><openSearch:totalResults>59</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>25</openSearch:itemsPerPage><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-4753991612754588787</guid><pubDate>Mon, 06 Jun 2011 15:58:00 +0000</pubDate><atom:updated>2011-06-06T08:59:33.457-07:00</atom:updated><title>The Century of the Self</title><description>&lt;iframe width=&quot;425&quot; height=&quot;349&quot; src=&quot;http://www.youtube.com/embed/IyPzGUsYyKM&quot; frameborder=&quot;0&quot; allowfullscreen&gt;&lt;/iframe&gt;&lt;br /&gt;&lt;br /&gt;To many in both business and government, the triumph of the self is the ultimate expression of democracy, where power is truly moved into the hands of the people. Certainly the people may feel they are in charge, but are they really? The Century of the Self by Adam Curtis tells the untold and controversial story of the growth of the mass-consumer society. How is the all-consuming self created, by whom, and in whose interest?&lt;br /&gt;&lt;br /&gt;The Freud dynasty is at the heart of this compelling social history. Sigmund Freud, founder of psychoanalysis; Edward Bernays, who invented public relations; Anna Freud, Sigmund&#39;s devoted daughter; and present-day PR guru and Sigmund&#39;s great grandson, Matthew Freud. Sigmund Freud&#39;s work into the bubbling and murky world of the subconscious changed the world. By introducing a technique to probe the unconscious mind, Freud provided useful tools for understanding the secret desires of the masses. Unwittingly, his work served as the precursor to a world full of political spin doctors, marketing moguls, and society&#39;s belief that the pursuit of satisfaction and happiness is man&#39;s ultimate goal.&lt;br /&gt;&lt;br /&gt;Part 1-Happiness Machines:&lt;br /&gt;Part one documents the story of the relationship between Sigmund Freud and his American nephew, Edward Bernays who invented &#39;Public Relations&#39; in the 1920s, being the first person to take Freud&#39;s ideas to manipulate the masses. He showed American corporations how they could make people want things they didn&#39;t need by systematically linking mass-produced goods to their unconscious desires.&lt;br /&gt;&lt;br /&gt;Part 2-The Engineering of Consent:&lt;br /&gt;Part two explores how those in power in post-war America used Freud&#39;s ideas about the unconscious mind to try and control the masses. Politicians and planners came to believe Freud&#39;s underlying premise that deep within all human beings were dangerous and irrational desires. They were convinced that it was the unleashing of these instincts that had led to the barbarism of Nazi Germany, and in response to this, they set out to find ways to control the masses so as to manage the &#39;hidden enemy&#39; within the human mind.&lt;br /&gt;&lt;br /&gt;Part 3-There is a Policeman Inside All Our Heads, He Must Be Destroyed:&lt;br /&gt;In the 1960s, a radical group of psychotherapists challenged the influence of Freudian ideas, which lead to the creation of a new political movement that sought to create &#39;new people&#39;, free of the psychological conformity that had been implanted in people&#39;s minds by business and politics. This episode shows how this idea rapidly developed in America through &quot;self-help movements&quot;, into the irresistible rise of the expressive self: the Me Generation.&lt;br /&gt;&lt;br /&gt;Part 4-Eight People Sipping Wine in Kettering:&lt;br /&gt;This episode explains how politicians turned to the same techniques used by business in order to read and manipulate the inner desires of the masses. Both New Labor with Tony Blair and the Democrats led by Bill Clinton, used the focus group which had been invented by psychoanalysts in order to regain power. Both set out to mold their policies to manipulate people&#39;s innermost desires and feelings, just as capitalism had learned to do with products.</description><link>http://daisyhwku.blogspot.com/2011/06/century-of-self.html</link><author>noreply@blogger.com (Unknown)</author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="https://img.youtube.com/vi/IyPzGUsYyKM/default.jpg" height="72" width="72"/><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-8573231474090636375</guid><pubDate>Wed, 25 May 2011 15:39:00 +0000</pubDate><atom:updated>2011-05-25T08:39:58.797-07:00</atom:updated><title>the power of colleboration</title><description>&lt;object width=&quot;446&quot; height=&quot;326&quot;&gt;&lt;param name=&quot;movie&quot; value=&quot;http://video.ted.com/assets/player/swf/EmbedPlayer.swf&quot;&gt;&lt;/param&gt;&lt;param name=&quot;allowFullScreen&quot; value=&quot;true&quot; /&gt;&lt;param name=&quot;allowScriptAccess&quot; 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/&gt;&lt;embed src=&quot;http://video.ted.com/assets/player/swf/EmbedPlayer.swf&quot; pluginspace=&quot;http://www.macromedia.com/go/getflashplayer&quot; type=&quot;application/x-shockwave-flash&quot; wmode=&quot;transparent&quot; bgColor=&quot;#ffffff&quot; width=&quot;446&quot; height=&quot;326&quot; allowFullScreen=&quot;true&quot; allowScriptAccess=&quot;always&quot; flashvars=&quot;vu=http://video.ted.com/talk/stream/2011/Blank/EliPariser_2011-320k.mp4&amp;su=http://images.ted.com/images/ted/tedindex/embed-posters/EliPariser-2011.embed_thumbnail.jpg&amp;vw=432&amp;vh=240&amp;ap=0&amp;ti=1091&amp;lang=&amp;introDuration=15330&amp;adDuration=4000&amp;postAdDuration=830&amp;adKeys=talk=eli_pariser_beware_online_filter_bubbles;year=2011;theme=bold_predictions_stern_warnings;theme=new_on_ted_com;theme=a_taste_of_ted2011;theme=what_s_next_in_tech;event=TED2011;tag=Culture;tag=Global+Issues;tag=Technology;tag=journalism;tag=politics;&quot;&gt;&lt;/embed&gt;&lt;/object&gt;</description><link>http://daisyhwku.blogspot.com/2011/05/aaron-koblin-artfully-visualizing-our.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>2</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-1884292871225783060</guid><pubDate>Mon, 02 May 2011 15:23:00 +0000</pubDate><atom:updated>2011-05-02T08:34:43.737-07:00</atom:updated><title>NYT-Osama bin Laden</title><description>&lt;h6 class=&quot;kicker&quot;&gt;Obituary | Osama bin Laden, 1957-2011&lt;/h6&gt; &lt;h1 class=&quot;articleHeadline&quot;&gt;The Most Wanted Face of Terrorism&lt;/h1&gt;  &lt;div class=&quot;articleSpanImage&quot;&gt;&lt;img src=&quot;http://graphics8.nytimes.com/images/2011/05/02/world/02binladen3_span/02binladen3_span-articleLarge.jpg&quot; alt=&quot;&quot; width=&quot;600&quot; border=&quot;0&quot; height=&quot;350&quot; /&gt; &lt;div class=&quot;credit&quot;&gt;Rahimullah Yousafzai/Associated Press&lt;/div&gt; &lt;p class=&quot;caption&quot;&gt;Osama bin Laden in Afghanistan in 1998. &lt;/p&gt; &lt;/div&gt;       &lt;h6 class=&quot;byline&quot;&gt;By &lt;a rel=&quot;author&quot; href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/z/kate_zernike/index.html?inline=nyt-per&quot; title=&quot;More Articles by Kate Zernike&quot; class=&quot;meta-per&quot;&gt;KATE ZERNIKE&lt;/a&gt; and &lt;a rel=&quot;author&quot; href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/k/michael_t_kaufman/index.html?inline=nyt-per&quot; title=&quot;More Articles by Michael T. Kaufman&quot; class=&quot;meta-per&quot;&gt;MICHAEL T. KAUFMAN&lt;/a&gt;&lt;/h6&gt;  &lt;h6 class=&quot;dateline&quot;&gt;Published: May 2, 2011&lt;a style=&quot;background-image: url(&amp;quot;http://graphics8.nytimes.com/images/article/functions/digg.gif&amp;quot;);&quot; href=&quot;http://www.nytimes.com/2011/05/02/world/02osama-bin-laden-obituary.html?pagewanted=1&amp;amp;ref=global-home#&quot;&gt;Digg&lt;/a&gt;&lt;/h6&gt;  &lt;div id=&quot;articleToolsTop&quot; class=&quot;articleTools&quot;&gt;&lt;div class=&quot;box&quot;&gt;&lt;div class=&quot;inset&quot;&gt;&lt;ul id=&quot;toolsList&quot; class=&quot;toolsList wrap&quot;&gt;&lt;li style=&quot;width: 168px;&quot; class=&quot;closed last&quot; id=&quot;shareMenu&quot;&gt;&lt;ul style=&quot;opacity: 0;&quot; class=&quot;hidden&quot; id=&quot;shareList&quot;&gt;&lt;li class=&quot;myspace&quot;&gt;&lt;a style=&quot;background-image: url(&amp;quot;http://graphics8.nytimes.com/images/article/functions/myspace.gif&amp;quot;);&quot; href=&quot;http://www.nytimes.com/2011/05/02/world/02osama-bin-laden-obituary.html?pagewanted=1&amp;amp;ref=global-home#&quot;&gt;MySpace&lt;/a&gt;&lt;/li&gt;&lt;li class=&quot;permalink&quot;&gt;&lt;a style=&quot;background-image: url(&amp;quot;http://graphics8.nytimes.com/images/article/functions/permalink.gif&amp;quot;);&quot; href=&quot;http://www.nytimes.com/2011/05/02/world/02osama-bin-laden-obituary.html?pagewanted=1&amp;amp;ref=global-home#&quot;&gt;Permalink&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;div class=&quot;articleBody&quot;&gt;                 &lt;p&gt; &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/b/osama_bin_laden/index.html?inline=nyt-per&quot; title=&quot;More articles about Osama bin Laden.&quot; class=&quot;meta-per&quot;&gt;Osama bin Laden&lt;/a&gt;,  who was killed in Pakistan on Sunday, was a son of the Saudi elite  whose radical, violent campaign to recreate a seventh-century Muslim  empire redefined the threat of terrorism for the 21st century.        &lt;/p&gt;  &lt;/div&gt; &lt;div class=&quot;articleInline runaroundLeft&quot;&gt;       &lt;div class=&quot;columnGroup doubleRule&quot;&gt;    &lt;/div&gt;&lt;/div&gt;              &lt;div class=&quot;articleInline runaroundLeft&quot; style=&quot;margin-top: -11px;&quot;&gt;        &lt;h6 class=&quot;sectionHeader flushBottom&quot;&gt;Multimedia&lt;/h6&gt; &lt;/div&gt;                                                   &lt;div class=&quot;articleInline runaroundLeft firstArticleInline&quot;&gt;   &lt;style type=&quot;text/css&quot;&gt;.refer .inlinePlayer .refer { font-size: 1em; }&lt;/style&gt;&lt;div class=&quot;inlinePlayer box&quot;&gt;&lt;div class=&quot;refer&quot;&gt;&lt;img src=&quot;http://graphics8.nytimes.com/images/multimedia/icons/audio_icon.gif&quot; width=&quot;13&quot; height=&quot;10&quot; /&gt; The Times&#39;s Michael D. Shear on the Announcement &lt;/div&gt; &lt;/div&gt;          &lt;/div&gt; &lt;div class=&quot;articleInline runaroundLeft  lastArticleInline&quot;&gt; &lt;div class=&quot;story&quot;&gt;   &lt;div class=&quot;wideThumb&quot;&gt; &lt;a href=&quot;http://www.nytimes.com/interactive/2011/05/02/world/20110502-osama-timeline.html?ref=world&quot;&gt; &lt;img src=&quot;http://graphics8.nytimes.com//images/2011/05/02/us/osama-time/osama-time-thumbWide.jpg&quot; alt=&quot;&quot; width=&quot;190&quot; border=&quot;0&quot; height=&quot;126&quot; /&gt; &lt;span class=&quot;mediaOverlay interactive&quot;&gt;Interactive Feature&lt;/span&gt; &lt;/a&gt; &lt;/div&gt; &lt;h6&gt;&lt;a href=&quot;http://www.nytimes.com/interactive/2011/05/02/world/20110502-osama-timeline.html?ref=world&quot;&gt; Milestones: Osama bin Laden&lt;/a&gt;&lt;/h6&gt; &lt;h6 class=&quot;byline&quot;&gt; &lt;/h6&gt; &lt;/div&gt; &lt;/div&gt; &lt;div class=&quot;articleInline runaroundLeft&quot;&gt; &lt;div class=&quot;columnGroup doubleRule&quot;&gt;      &lt;h3 class=&quot;sectionHeader&quot;&gt;Related&lt;/h3&gt; &lt;ul class=&quot;headlinesOnly multiline flush&quot;&gt;&lt;li&gt; &lt;h6&gt;&lt;a href=&quot;http://www.nytimes.com/2011/05/02/world/asia/osama-bin-laden-is-killed.html?ref=world&quot;&gt; Bin Laden Is Dead, Obama Says&lt;/a&gt; (May 2, 2011) &lt;/h6&gt; &lt;/li&gt;&lt;li&gt; &lt;h6&gt;&lt;a href=&quot;http://www.nytimes.com/2011/05/02/us/politics/osama-bin-laden-a-prize-and-a-victory.html?ref=world&quot;&gt; News Analysis: President’s Vow Fulfilled&lt;/a&gt; (May 2, 2011) &lt;/h6&gt; &lt;/li&gt;&lt;li&gt; &lt;h6&gt;&lt;a href=&quot;http://mediadecoder.blogs.nytimes.com/2011/05/01/how-the-osama-announcement-leaked-out/?ref=world&quot;&gt; Media Decoder Blog: How the Bin Laden Announcement Leaked Out&lt;/a&gt; (May 1, 2011) &lt;/h6&gt; &lt;/li&gt;&lt;li&gt; &lt;h6&gt;&lt;a href=&quot;http://www.nytimes.com/2011/05/02/nyregion/amid-cheers-a-message-they-will-be-caught.html?ref=world&quot;&gt; Amid Cheers, a Message: ‘They Will Be Caught’&lt;/a&gt; (May 2, 2011) &lt;/h6&gt; &lt;/li&gt;&lt;li&gt; &lt;h6&gt;&lt;a href=&quot;http://www.nytimes.com/2011/05/02/world/middleeast/02obama-text.html?ref=world&quot;&gt; Text: Obama’s Remarks on Bin Laden’s Killing&lt;/a&gt; (May 2, 2011) &lt;/h6&gt; &lt;/li&gt;&lt;li&gt;&lt;h6&gt;Times Topic: &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/b/osama_bin_laden/index.html&quot;&gt;Osama bin Laden&lt;/a&gt;&lt;/h6&gt;&lt;/li&gt;&lt;/ul&gt; &lt;/div&gt; &lt;div class=&quot;columnGroup doubleRule&quot;&gt;      &lt;h3 class=&quot;sectionHeader&quot;&gt;Related in Opinion&lt;/h3&gt; &lt;ul class=&quot;headlinesOnly multiline flush&quot;&gt;&lt;li&gt; &lt;h6&gt;&lt;a href=&quot;http://www.nytimes.com/2011/05/02/opinion/02douthat.html?ref=world&quot;&gt; Op-Ed Columnist: Death of a Failure&lt;/a&gt; (May 2, 2011) &lt;/h6&gt; &lt;/li&gt;&lt;li&gt; &lt;h6&gt;&lt;a href=&quot;http://kristof.blogs.nytimes.com/2011/05/02/after-osama-bin-laden/?ref=world&quot;&gt; Nicholas D. Kristof Blog: After Osama bin Laden...&lt;/a&gt; (May 2, 2011) &lt;/h6&gt; &lt;/li&gt;&lt;/ul&gt; &lt;/div&gt;     &lt;div class=&quot;inlineImage module&quot;&gt; &lt;div class=&quot;image&quot;&gt; &lt;div class=&quot;icon enlargeThis&quot;&gt;&lt;a&gt;Enlarge This Image&lt;/a&gt;&lt;/div&gt; &lt;a&gt; &lt;img src=&quot;http://graphics8.nytimes.com/images/2011/05/02/world/subBINLADEN/subBINLADEN-articleInline.jpg&quot; alt=&quot;&quot; width=&quot;190&quot; height=&quot;124&quot; /&gt; &lt;/a&gt; &lt;/div&gt; &lt;h6 class=&quot;credit&quot;&gt;Al-Jazeera&lt;/h6&gt; &lt;p class=&quot;caption&quot;&gt;As the leader of Al Qaeda, Osama bin Laden, here in  video recorded in 2001, waged a terror war against the United States.                             &lt;/p&gt; &lt;/div&gt;    &lt;/div&gt;   &lt;p&gt; With the attacks on the World Trade Center and the Pentagon on Sept. 11,  2001, Bin Laden was elevated to the realm of evil in the American  imagination once reserved for dictators like &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/h/adolf_hitler/index.html?inline=nyt-per&quot; title=&quot;More articles about Adolf Hitler.&quot; class=&quot;meta-per&quot;&gt;Hitler&lt;/a&gt;  and Stalin. He was a new national enemy, his face on wanted posters,  gloating on videotapes, taunting the United States and Western  civilization.        &lt;/p&gt;&lt;p&gt; “Do you want Bin Laden dead?” a reporter asked President &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/b/george_w_bush/index.html?inline=nyt-per&quot; title=&quot;More articles about George W. Bush.&quot; class=&quot;meta-per&quot;&gt;George W. Bush&lt;/a&gt; six days after the Sept. 11 attacks.        &lt;/p&gt;&lt;p&gt; “I want him — I want justice,” the president answered. “And there’s an  old poster out West, as I recall, that said, ‘Wanted: Dead or Alive.’ ”         &lt;/p&gt;&lt;p&gt; It took nearly a decade before that quest finally ended in Pakistan with  the death of Bin Laden during a confrontation with American forces, who  attacked a compound where officials said he had been hiding.        &lt;/p&gt;&lt;p&gt; The manhunt was punctuated by a December 2001 battle at an Afghan  mountain redoubt called Tora Bora, near the border with Pakistan, where  Bin Laden and his allies were hiding. Despite days of pounding by  American bombers, Bin Laden escaped. For more than nine years afterward,  he remained an elusive, shadowy figure frustratingly beyond the grasp  of his pursuers and thought to be hiding somewhere in Pakistan and  plotting new attacks.        &lt;/p&gt;&lt;p&gt; Long before, he had become a hero in much of the Islamic world, as much a myth as a man — what a longtime &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/c/central_intelligence_agency/index.html?inline=nyt-org&quot; title=&quot;More articles about the Central Intelligence Agency.&quot; class=&quot;meta-org&quot;&gt;C.I.A.&lt;/a&gt;  officer called “the North Star” of global terrorism. He had united  disparate militant groups, from Egypt to Chechnya, from Yemen to the  Philippines, under the banner of &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/a/al_qaeda/index.html?inline=nyt-org&quot; title=&quot;More articles about Al Qaeda.&quot; class=&quot;meta-org&quot;&gt;Al Qaeda&lt;/a&gt; and his ideal of a borderless brotherhood of radical Islam.        &lt;/p&gt;&lt;p&gt; Terrorism before Bin Laden was often state-sponsored, but he was a  terrorist who had sponsored a state. For five years, 1996 to 2001, he  paid for the protection of the &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/t/taliban/index.html?inline=nyt-org&quot; title=&quot;More articles about the Taliban.&quot; class=&quot;meta-org&quot;&gt;Taliban&lt;/a&gt;,  then the rulers of Afghanistan. He bought the time and the freedom to  make Al Qaeda — which means “the base” — a multinational enterprise to  export terror around the globe.        &lt;/p&gt;&lt;p&gt; For years after the Sept. 11 attacks, the name of Al Qaeda and the fame  of Bin Laden spread like a 21st-century political plague. Groups calling  themselves Al Qaeda, or acting in the name of its cause, attacked  American troops in Iraq, bombed tourist spots in Bali and blew up  passenger trains in Spain.        &lt;/p&gt;&lt;p&gt; To this day, the precise reach of his power remains unknown: how many  members Al Qaeda could truly count on; how many countries its cells had  penetrated; and whether, as Bin Laden boasted, he sought to arm Al Qaeda  with chemical, biological and nuclear weapons.        &lt;/p&gt;&lt;p&gt; He waged holy war with distinctly modern methods. He sent fatwas —  religious decrees — by fax and declared war on Americans in an e-mail  beamed by satellite around the world. Qaeda members kept bomb-making  manuals on CD and communicated with encrypted memos on laptops, leading  one American official to declare that Bin Laden possessed better  communications technology than the United States. He railed against  globalization, even as his agents in Europe and North America took  advantage of a globalized world to carry out their attacks, insinuating  themselves into the very Western culture he despised.        &lt;/p&gt;&lt;p&gt; He styled himself a Muslim ascetic, a billionaire’s son who gave up a  life of privilege for the cause. But he was media savvy and acutely  image conscious; before a CNN crew that interviewed him in 1997 was  allowed to leave, his media advisers insisted on editing out  unflattering shots. He summoned reporters to a cave in Afghanistan when  he needed to get his message out, but like the most controlling of  C.E.O.’s he insisted on receiving written questions in advance.        &lt;/p&gt;&lt;p&gt; His reedy voice seemed to belie the warrior image he cultivated, a man  whose constant companion was a Kalashnikov rifle that he boasted he had  taken from a Russian soldier he had killed. The world’s most threatening  terrorist, he was also known to submit to frequent dressings down by  his mother. While he built his reputation on his combat experience  against Soviet troops in Afghanistan in the 1980s, even some of his  supporters questioned whether he had actually fought.        &lt;/p&gt;&lt;p&gt; And though he claimed to follow the purest form of Islam, many scholars  insisted that he was glossing over the faith’s edicts against killing  innocents and civilians. Islam draws boundaries on where and why holy  war can be waged; Bin Laden declared the entire world fair territory.         &lt;/p&gt;&lt;p&gt; Yet it was the United States, Bin Laden insisted, that was guilty of a double standard.        &lt;/p&gt;&lt;p&gt; “It wants to occupy our countries, steal our resources, impose agents on  us to rule us and then wants us to agree to all this,” he told CNN in  the 1997 interview. “If we refuse to do so, it says we are terrorists.  When &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/subjects/p/palestinians/index.html?inline=nyt-classifier&quot; title=&quot;More articles about Palestinians.&quot; class=&quot;meta-classifier&quot;&gt;Palestinian&lt;/a&gt; children throw stones against the Israeli occupation, the U.S. says they are terrorists. Whereas when Israel bombed the &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/u/united_nations/index.html?inline=nyt-org&quot; title=&quot;More articles about the United Nations.&quot; class=&quot;meta-org&quot;&gt;United Nations&lt;/a&gt;  building in Lebanon while it was full of children and women, the U.S.  stopped any plan to condemn Israel. At the same time that they condemn  any Muslim who calls for his rights, they receive the top official of  the &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/i/irish_republican_army/index.html?inline=nyt-org&quot; title=&quot;More articles about the Irish Republican Army.&quot; class=&quot;meta-org&quot;&gt;Irish Republican Army&lt;/a&gt;  at the White House as a political leader. Wherever we look, we find the  U.S. as the leader of terrorism and crime in the world.”        &lt;/p&gt;&lt;p&gt; &lt;strong&gt; The Turning Point&lt;/strong&gt;        &lt;/p&gt;&lt;p&gt; For Bin Laden, as for the United States, the turning point came in 1989, with the defeat of the Soviets in Afghanistan.&lt;br /&gt;&lt;/p&gt;&lt;p&gt; For the United States, which had supported the Afghan resistance with  billions of dollars in arms and ammunition, that defeat marked the  beginning of the end of the cold war and the birth of a new world order.            &lt;/p&gt;&lt;div class=&quot;articleInline runaroundLeft&quot;&gt;       &lt;div class=&quot;inlineImage module&quot;&gt; &lt;div class=&quot;image&quot;&gt; &lt;div class=&quot;icon enlargeThis&quot;&gt;&lt;a&gt;Enlarge This Image&lt;/a&gt;&lt;/div&gt; &lt;a&gt; &lt;img src=&quot;http://graphics8.nytimes.com/images/2011/05/03/world/osama-lede/osama-lede-articleInline.jpg&quot; alt=&quot;&quot; width=&quot;190&quot; height=&quot;151&quot; /&gt; &lt;/a&gt; &lt;/div&gt; &lt;h6 class=&quot;credit&quot;&gt;Agence France-Presse&lt;/h6&gt; &lt;p class=&quot;caption&quot;&gt;Osama bin Laden in 1998 in Afghanistan, where he  planned the Sept. 11 attacks while under the protection of the country&#39;s  Taliban leadership.                            &lt;/p&gt; &lt;/div&gt;    &lt;div class=&quot;columnGroup doubleRule&quot;&gt;    &lt;/div&gt;&lt;/div&gt;&lt;div class=&quot;articleInline runaroundLeft&quot;&gt;&lt;div class=&quot;inlineImage module&quot;&gt; &lt;div class=&quot;image&quot;&gt; &lt;div class=&quot;icon enlargeThis&quot;&gt;&lt;a&gt;Enlarge This Image&lt;/a&gt;&lt;/div&gt; &lt;a&gt; &lt;img src=&quot;http://graphics8.nytimes.com/images/2011/05/03/world/obama-history-2/obama-history-2-articleInline.jpg&quot; alt=&quot;&quot; width=&quot;190&quot; height=&quot;156&quot; /&gt; &lt;/a&gt; &lt;/div&gt; &lt;h6 class=&quot;credit&quot;&gt;Robert Fisk /The Independent&lt;/h6&gt; &lt;p class=&quot;caption&quot;&gt;Bin Laden later returned to his native Saudi Arabia,  but under pressure from the royal family he moved to Sudan in the 1990s.                             &lt;/p&gt; &lt;/div&gt;    &lt;/div&gt;   &lt;p&gt; Bin Laden, who had supported the resistance with money, construction  equipment and housing, saw the retreat of the Soviets as an affirmation  of Muslim power and an opportunity to recreate Islamic political power  and topple infidel governments through jihad, or holy war.        &lt;/p&gt;&lt;p&gt; He declared to an interviewer, “I am confident that Muslims will be able  to end the legend of the so-called superpower that is America.”        &lt;/p&gt;&lt;p&gt; In its place, he built his own legend, modeling himself after the  Prophet Muhammad, who in the seventh century led the Muslim people to  rout the infidels, or nonbelievers, from North Africa and the Middle  East. As the Koran had been revealed to Muhammad amid intense  persecution, Bin Laden saw his own expulsions during the 1990s — from  Saudi Arabia and then Sudan — as affirmation of himself as a chosen one.         &lt;/p&gt;&lt;p&gt; In his vision, he would be the “emir,” or prince, in a restoration of  the khalifa, a political empire extending from Afghanistan across the  globe. “These countries belong to Islam,” he told the same interviewer  in 1998, “not the rulers.”        &lt;/p&gt;&lt;p&gt; Al Qaeda became the infrastructure for his dream. Under it, Bin Laden  created a web of businesses — some legitimate, some less so — to obtain  and move the weapons, chemicals and money he needed. He created training  camps for his foot soldiers, a media office to spread his word, and  even “shuras,” or councils, to approve his military plans and his  fatwas.        &lt;/p&gt;&lt;p&gt; Through the ’90s, Al Qaeda evolved into a far-flung and loosely  connected network of symbiotic relationships: Bin Laden gave affiliated  terrorist groups money, training and expertise; they gave him  operational cover and a furthering of his cause. Perhaps the most  important of those alliances was with the Taliban, who rose to power in  Afghanistan largely on the strength of Bin Laden’s aid, and in turn  provided him refuge and a launching pad for holy war.        &lt;/p&gt;&lt;p&gt; Long before Sept. 11, though the evidentiary trails were often thin,  American officials considered Bin Laden at least in part responsible for  the killing of American soldiers in Somalia and in Saudi Arabia; the  first attack on the World Trade Center, in 1993; the bombing of the  Khobar Towers in Saudi Arabia; and a foiled plot to hijack a dozen jets,  crash a plane into the C.I.A. headquarters and kill President &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/c/bill_clinton/index.html?inline=nyt-per&quot; title=&quot;More articles about Bill Clinton.&quot; class=&quot;meta-per&quot;&gt;Bill Clinton&lt;/a&gt;.        &lt;/p&gt;&lt;p&gt; In 1996, the officials described Bin Laden as “one of the most  significant financial sponsors of Islamic extremism in the world.” But  he was thought at the time to be primarily a financier of terrorism, not  someone capable of orchestrating international terrorist plots. Yet  when the United States put out a list of the most wanted terrorists in  1997, neither Bin Laden nor Al Qaeda was on it.        &lt;/p&gt;&lt;p&gt; Bin Laden, however, demanded to be noticed. In February 1998, he  declared it the duty of every Muslim to “kill Americans wherever they  are found.” After the bombings of two American Embassies in East Africa  in August 1998, President Clinton declared Bin Laden “Public Enemy No.  1.”        &lt;/p&gt;&lt;p&gt; The C.I.A. spent much of the next three years hunting Bin Laden. The  goal was to capture him with recruited Afghan agents or to kill him with  a precision-guided missile, according to the 2004 report of the 9/11  Commission and the memoirs of &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/t/george_j_tenet/index.html?inline=nyt-per&quot; title=&quot;More articles about George J. Tenet.&quot; class=&quot;meta-per&quot;&gt;George J. Tenet&lt;/a&gt;, director of central intelligence from July 1997 to July 2004.        &lt;/p&gt;&lt;p&gt; The intelligence was never good enough to pull the trigger. By the  summer of 2001, the C.I.A. was convinced that Al Qaeda was on the verge  of a spectacular attack. But no one knew where or when it would come.         &lt;/p&gt;&lt;p&gt; &lt;strong&gt;The Early Life&lt;/strong&gt;        &lt;/p&gt;&lt;p&gt; By accounts of people close to the family, Osama bin Muhammad bin Awad  bin Laden was born in 1957, the seventh son and 17th child, among 50 or  more, of his father.        &lt;/p&gt;&lt;p&gt; His father, Muhammad bin Awad bin Laden, had immigrated to what would  soon become Saudi Arabia in 1931 from the family’s ancestral village in a  conservative province of southern Yemen. He found work in Jidda as a  porter to the pilgrims on their way to the holy city of Mecca; years  later, when he would own the largest construction company in Saudi  Arabia, he displayed his porter’s bag in the main reception room of his  palace as a reminder of his humble origins.        &lt;/p&gt;&lt;p&gt; According to family friends, the Bin Laden family’s rise began with a  risk — when the father offered to build a palace for King Saud in the  1950s for far less than the lowest bid. By the 1960s he had ingratiated  himself so well with the Saudi royal family that King Faisal decreed  that all construction projects be awarded to the Bin Laden group. When  the Aksa Mosque in Jerusalem was set on fire by a deranged tourist in  1969, the senior Bin Laden was chosen to rebuild it. Soon afterward, he  was chosen to refurbish the mosques at Mecca and Medina as well. In  interviews years later, Osama bin Laden would recall proudly that his  father had sometimes prayed in all three holy places in one day.&lt;br /&gt;&lt;/p&gt;&lt;p&gt; His father was a devout Muslim who welcomed pilgrims and clergy into his  home. He required all his children to work for the family company,  meaning that Osama spent summers working on road projects. The elder Bin  Laden died in a plane crash when Osama was 10. The siblings each  inherited millions — the precise amount was a matter of some debate —  and led a life of near-royalty. Osama — the name means “young lion” —  grew up playing with Saudi princes and had his own stable of horses by  age 15.           &lt;/p&gt;&lt;div class=&quot;articleInline runaroundLeft&quot;&gt;       &lt;div class=&quot;inlineImage module&quot;&gt; &lt;div class=&quot;image&quot;&gt; &lt;div class=&quot;icon enlargeThis&quot;&gt;&lt;a&gt;Enlarge This Image&lt;/a&gt;&lt;/div&gt; &lt;a&gt; &lt;img src=&quot;http://graphics8.nytimes.com/images/2011/05/03/world/osama-history-1/osama-history-1-articleInline.jpg&quot; alt=&quot;&quot; width=&quot;190&quot; height=&quot;156&quot; /&gt; &lt;/a&gt; &lt;/div&gt; &lt;h6 class=&quot;credit&quot;&gt;Essam Draz/Balkis Press/SIPA&lt;/h6&gt; &lt;p class=&quot;caption&quot;&gt;Bin Laden directing guerrillas near Jalalabad in  1989, when he was receiving assistance from the United States during  Afghanistan&#39;s war against the Soviet Union.                            &lt;/p&gt; &lt;/div&gt;    &lt;div class=&quot;columnGroup doubleRule&quot;&gt;    &lt;/div&gt;&lt;/div&gt;                                                                 &lt;p&gt; But some people close to the family paint a portrait of Bin Laden as a  misfit. His mother, the last of his father’s four wives, was from Syria,  the only one of the wives not from Saudi Arabia. The elder Bin Laden  had met her on a vacation, and Osama was their only child. Within the  family, she was said to be known as “the slave” and Osama “the slave  child.”        &lt;/p&gt;&lt;p&gt; Within the Saudi elite, it was rare to have both parents born outside the kingdom. In a profile of Osama bin Laden in &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/n/the_new_yorker/index.html?inline=nyt-org&quot; title=&quot;More articles about The New Yorker.&quot; class=&quot;meta-org&quot;&gt;The New Yorker&lt;/a&gt;,  Mary Anne Weaver quoted a family friend who suggested that he had felt  alienated in a culture that so obsessed over lineage, saying: “It must  have been difficult for him, Osama was almost a double outsider. His  paternal roots are in Yemen, and within the family, his mother was a  double outsider as well — she was neither Saudi nor Yemeni but Syrian.”         &lt;/p&gt;&lt;p&gt; According to one of his brothers, Osama was the only one of the Bin  Laden children who never traveled abroad to study. A biography of Bin  Laden, provided to the &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/p/public_broadcasting_service/index.html?inline=nyt-org&quot; title=&quot;More articles about Public Broadcasting Service&quot; class=&quot;meta-org&quot;&gt;PBS&lt;/a&gt;  television program “Frontline” by an unidentified family friend,  asserted that Bin Laden never traveled outside the Middle East.        &lt;/p&gt;&lt;p&gt; That lack of exposure to Western culture would prove a crucial  distinction; the other siblings went on to lead lives that would not be  unfamiliar to most Americans. They took over the family business,  estimated to be worth billions, distributing Snapple drinks, Volkswagens  and Disney products across the Middle East. On Sept. 11, 2001, several  Bin Laden siblings were living in the United States.        &lt;/p&gt;&lt;p&gt; Bin Laden had been educated — and, indeed, steeped, as many Saudi  children are — in Wahhabism, the puritanical, ardently anti-Western  strain of Islam. Even years later, he so despised the Saudi ruling  family’s coziness with Western nations that he refused to refer to Saudi  Arabia by its modern name, instead calling it “the Country of the Two  Holy Places.”        &lt;/p&gt;&lt;p&gt; Newspapers have quoted anonymous sources — particularly, an unidentified  Lebanese barber — about a wild period of drinking and womanizing in Bin  Laden’s life. But by most accounts he was devout and quiet, marrying a  relative, the first of his four wives, at age 17.        &lt;/p&gt;&lt;p&gt; Soon afterward, he began earning a degree at King Abdulaziz University  in Jidda. It was there that he shaped his militancy. He became involved  with the &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/m/muslim_brotherhood_egypt/index.html?inline=nyt-org&quot; title=&quot;More articles about the Muslim Brotherhood in Egypt.&quot; class=&quot;meta-org&quot;&gt;Muslim Brotherhood&lt;/a&gt;,  a group of Islamic radicals who believed that much of the Muslim world,  including the leaders of Saudi Arabia, lived as infidels, in violation  of the true meaning of the Koran.        &lt;/p&gt;&lt;p&gt; And he fell under the influence of two Islamic scholars: Muhammad Quttub  and Abdullah Azzam, whose ideas would become the underpinnings for Al  Qaeda. Mr. Azzam became a mentor to the young Bin Laden. Jihad was the  responsibility of all Muslims, he taught, until the lands once held by  Islam were reclaimed. His motto: “Jihad and the rifle alone: no  negotiations, no conferences and no dialogue.”        &lt;/p&gt;&lt;p&gt; The Middle East was becoming increasingly unsettled in 1979, when Bin  Laden was at the university. In Iran, Shiite Muslims mounted an Islamic  revolution that overthrew the shah and began to make the United States a  target. Egypt and Israel signed a peace treaty. And as the year ended,  Soviet troops occupied Afghanistan.        &lt;/p&gt;&lt;p&gt; Bin Laden arrived in Pakistan on the border of Afghanistan within two  weeks of the occupation. He said later that he had been asked to go by  Saudi officials, who were eager to support the resistance movement. In  his book “Taliban,” the Pakistani journalist Ahmed Rashid said that the  Saudis had originally hoped that a member of the royal family might  serve as an inspirational leader in Afghanistan, but that they settled  on Bin Laden as the next closest thing when no princes volunteered.&lt;br /&gt;&lt;/p&gt;&lt;p&gt; He traveled like a visiting diplomat more than a soldier, meeting with  leaders and observing the refugees coming into Peshawar, Pakistan. As  the family friend says, it “was an exploratory rather than an action  trip.” He would return twice a year for the next few years, in between  finishing his degree and lobbying family members to support the Afghan  mujahedeen.           &lt;/p&gt;&lt;div class=&quot;articleInline runaroundLeft&quot;&gt;       &lt;div class=&quot;columnGroup doubleRule&quot;&gt;    &lt;/div&gt;&lt;/div&gt;&lt;p&gt; Bin Laden began traveling beyond the border into Afghanistan in 1982,  bringing with him construction machinery and recruits. In 1984, he and  Mr. Azzam began setting up guesthouses in Peshawar, which served as the  first stop for holy warriors on their way to Afghanistan. With the money  they had raised in Saudi Arabia, they established the Office of  Services, which branched out across the world to recruit young  jihadists.        &lt;/p&gt;&lt;p&gt; The men came to be known as the Afghan Arabs, though they came from all  over the world, and their numbers were estimated as high as 20,000. By  1986, Bin Laden had begun setting up training camps for them as well,  and he was paying roughly $25,000 a month to subsidize them.        &lt;/p&gt;&lt;p&gt; To young would-be recruits across the Arab world, Bin Laden’s was an  attractive story: the rich young man who had become a warrior. His own  descriptions of the battles he had seen, how he lost the fear of death  and slept in the face of artillery fire, were brushstrokes of an almost  divine figure.        &lt;/p&gt;&lt;p&gt; But intelligence sources insist that Bin Laden actually saw combat only  once, in a weeklong barrage by the Soviets at Jaji, where the Arab  Afghans had dug themselves into caves using Bin Laden’s construction  equipment.        &lt;/p&gt;&lt;p&gt; “Afghanistan, the jihad, was one terrific photo op for a lot of people,”  Milton Bearden, the C.I.A. officer who described Bin Laden as “the  North Star,” said in an interview on “Frontline,” adding, “There’s a lot  of fiction in there.”        &lt;/p&gt;&lt;p&gt; Still, Jaji became a kind of touchstone in the Bin Laden myth. Stories  sent back from the battle to Arab newspaper readers, and photographs of  Bin Laden in combat gear, burnished his image.        &lt;/p&gt;&lt;p&gt; The flood of young men following him to Afghanistan prompted the  founding of Al Qaeda. The genesis was essentially bureaucratic; Bin  Laden wanted a way to track the men so he could tell their families what  had happened to them. The documentation Al Qaeda provided became a  primitive database of young jihadists.        &lt;/p&gt;&lt;p&gt; Afghanistan also brought Bin Laden into contact with leaders of other militant Islamic groups, including &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/z/ayman_al_zawahiri/index.html?inline=nyt-per&quot; title=&quot;More articles about Ayman Al-Zawahiri.&quot; class=&quot;meta-per&quot;&gt;Ayman al-Zawahri&lt;/a&gt;,  the bespectacled doctor who would later appear at Bin Laden’s side in  televised messages from the caves of Afghanistan. Ultimately Dr.  Zawahri’s group, Egyptian Jihad, and others would merge with Al Qaeda,  making it an umbrella for various terrorist groups.        &lt;/p&gt;&lt;p&gt; &lt;strong&gt;The Movement&lt;/strong&gt;        &lt;/p&gt;&lt;p&gt; Through the looking glass of Sept. 11, it seemed ironic that the  Americans and Osama bin Laden had fought on the same side against the  Soviets in Afghanistan — as if the Americans had somehow created the Bin  Laden monster by providing arms and cash to the Arabs. The complex at  Tora Bora where Qaeda members hid had been created with the help of the  C.I.A. as a base for the Afghans fighting the Soviets.        &lt;/p&gt;&lt;p&gt; Bin Laden himself described the fight in Afghanistan this way: “There I  received volunteers who came from the Saudi kingdom and from all over  the Arab and Muslim countries. I set up my first camp where these  volunteers were trained by Pakistani and American officers. The weapons  were supplied by the Americans, the money by the Saudis.”        &lt;/p&gt;&lt;p&gt; In truth, however, the American contact was not directly with Bin Laden;  both worked through the middlemen of the Pakistani intelligence  service.        &lt;/p&gt;&lt;p&gt; In the revisionism of the Bin Laden myth, his defenders would later say  that he had not worked with the Americans but that he had only tolerated  them as a means to his end. As proof, they insisted he had made  anti-American statements as early as 1980.        &lt;/p&gt;&lt;p&gt; Bin Laden would say in retrospect that he was always aware who his enemies were.&lt;br /&gt;&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt; “For us, the idea was not to get involved more than necessary in the  fight against the Russians, which was the business of the Americans, but  rather to show our solidarity with our Islamist brothers,” he told a  French journalist in 1995. “I discovered that it was not enough to fight  in Afghanistan, but that we had to fight on all fronts against  Communism or Western oppression. The urgent thing was Communism, but the  next target was America.”           &lt;/p&gt;&lt;div class=&quot;articleInline runaroundLeft&quot;&gt;       &lt;div class=&quot;columnGroup doubleRule&quot;&gt;    &lt;/div&gt;&lt;/div&gt;&lt;p&gt; Afghanistan had infused the movement with confidence.        &lt;/p&gt;&lt;p&gt; “Most of what we benefited from was that the myth of the superpower was  destroyed not only in my mind but also in the minds of all Muslims,” Bin  Laden later told an interviewer. “Slumber and fatigue vanished, and so  was the terror which the U.S. would use in its media by attributing  itself superpower status, or which the Soviet Union used by attributing  itself as a superpower.”        &lt;/p&gt;&lt;p&gt; He returned to Saudi Arabia, welcomed as a hero, and took up the family  business. But Saudi royals grew increasingly wary of him as he became  more outspoken against the government.        &lt;/p&gt;&lt;p&gt; The breaking point — for Bin Laden and for the Saudis — came when Iraq  invaded Kuwait in August 1990. Bin Laden volunteered to the Saudis that  the men and equipment he had used in Afghanistan could defend the  kingdom. He was “shocked,” a family friend said, to learn that the  Americans — the enemy, in his mind — would defend it instead. To him, it  was the height of American arrogance.        &lt;/p&gt;&lt;p&gt; The United States, he told an interviewer later, “has started to look at  itself as a master of this world and established what it calls the new  world order.”        &lt;/p&gt;&lt;p&gt; The Saudi government restricted him to Jidda, fearing that his  outspokenness would offend the Americans. Bin Laden fled to Sudan, which  was offering itself as a sort of haven for terrorists, and there he  began setting up legitimate businesses that would help finance Al Qaeda.  He also built his reserves, in 1992, paying for about 500 mujahedeen  who had been expelled from Pakistan to come work for him.        &lt;/p&gt;&lt;p&gt; &lt;strong&gt; The Terrorism&lt;/strong&gt;        &lt;/p&gt;&lt;p&gt; It was during that time that it is believed he honed his resolve against the United States.        &lt;/p&gt;&lt;p&gt; Within Al Qaeda, he argued that the organization should put aside its differences with Shiite terrorist groups like &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/h/hezbollah/index.html?inline=nyt-org&quot; title=&quot;More articles about Hezbollah&quot; class=&quot;meta-org&quot;&gt;Hezbollah&lt;/a&gt;  in Lebanon, the better to concentrate on the common enemy: the United  States. He called for attacks against American forces in the Saudi  peninsula and in the Horn of Africa.        &lt;/p&gt;&lt;p&gt; On Dec. 29, 1992, a bomb exploded in a hotel in Aden, Yemen, where  American troops had been staying while on their way to Somalia. The  troops had already left, and the bomb killed two Austrian tourists.  American intelligence officials later came to believe that that was the  first Bin Laden attack.        &lt;/p&gt;&lt;p&gt; On Feb. 26, 1993, a bomb exploded in a truck driven into the underground  garage at the World Trade Center, killing six people. Bin Laden later  praised Ramzi Yousef, who was convicted of the bombing. In October of  that year in Somalia, 18 American service members were killed — some of  their bodies dragged through the streets — while on a &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/u/united_nations/department_of_peacekeeping_operations/index.html?inline=nyt-classifier&quot; title=&quot;More articles about U.N. peacekeeping.&quot; class=&quot;meta-classifier&quot;&gt;peacekeeping&lt;/a&gt; mission; Bin Laden was almost giddy about the deaths.        &lt;/p&gt;&lt;p&gt; After leaving Afghanistan, the Muslim fighters headed for Somalia and  prepared for a long battle, thinking that the Americans were “like the  Russians,” he told an interviewer.        &lt;/p&gt;&lt;p&gt; “The youth were surprised at the low morale of the American soldiers and  realized more than before that the American soldier was a paper tiger  and after a few blows ran in defeat,” he said. “And America forgot all  the hoopla and media propaganda about being the world leader and the  leader of the new world order, and after a few blows, they forgot about  this title and left, dragging their corpses and their shameful defeat.”         &lt;/p&gt;&lt;p&gt; By 1994, Bin Laden had established new training camps in Sudan, but he  became a man without a country. The Saudi government froze his assets  and revoked his citizenship. His family, which had become rich on its  relations to the royals, denounced him publicly after he was caught  smuggling weapons from Yemen.        &lt;/p&gt;&lt;p&gt; This only seemed to make him more zealous. He sent an open letter to &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/f/fahd/index.html?inline=nyt-per&quot; title=&quot;More articles about Fahd.&quot; class=&quot;meta-per&quot;&gt;King Fahd&lt;/a&gt;  outlining the sins of the Saudi government and calling for a campaign  of guerrilla attacks to drive Americans from Saudi Arabia. Three months  later, in November 1995, a truck bomb exploded at a Saudi National Guard  training center operated by the United States in Riyadh, killing seven  people. That year, Belgian investigators found a kind of how-to manual  for terrorists on a CD. The preface dedicated it to Bin Laden, the hero  of the holy war.&lt;br /&gt;&lt;/p&gt;&lt;p&gt; The next May, when the men accused of the Riyadh bombing were beheaded  in Riyadh’s main square, they were forced to read a confession in which  they acknowledged the connection to Bin Laden. The next month, June  1996, a truck bomb destroyed Khobar Towers, an American military  residence in Dhahran. It killed 19 soldiers.           &lt;/p&gt;&lt;div class=&quot;articleInline runaroundLeft&quot;&gt;       &lt;div class=&quot;columnGroup doubleRule&quot;&gt;    &lt;/div&gt;&lt;/div&gt;                                                                 &lt;p&gt; Bin Laden fled to Afghanistan that summer after Sudan expelled him under  pressure from the Americans and Saudis, and he forged an alliance with &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/o/muhammad_omar/index.html?inline=nyt-per&quot; title=&quot;More articles about Muhammad Omar.&quot; class=&quot;meta-per&quot;&gt;Mullah Muhammad Omar&lt;/a&gt;,  the leader of the Taliban. In August 1996, from the Afghan mountain  stronghold of Tora Bora, Bin Laden issued his “Declaration of War  Against the Americans Who Occupy the Land of the Two Holy Mosques.”         &lt;/p&gt;&lt;p&gt; “Muslims burn with anger at America,” it read. The presence of American  forces in the Persian Gulf states “will provoke the people of the  country and induces aggression on their religion, feelings, and prides  and pushes them to take up armed struggle against the invaders occupying  the land.”        &lt;/p&gt;&lt;p&gt; The imbalance of power between American forces and Muslim forces  demanded a new kind of fighting, he wrote, “in other words, to initiate a  guerrilla war, where sons of the nation, not the military forces, take  part in it.”        &lt;/p&gt;&lt;p&gt; That same month in New York City, a federal grand jury began meeting to  consider charges against Bin Laden. Disputes arose among prosecutors and  American law enforcement and intelligence officers about which attacks  against American interests could truly be attributed to Bin Laden —  whether in fact he had, as an indictment eventually charged, trained and  paid the men who killed the Americans in Somalia.        &lt;/p&gt;&lt;p&gt; His foot soldiers, in testimony, offered differing pictures of Bin  Laden’s actual involvement. In some cases he could be as aloof as any  boss with thousands of employees. Yet one of the men convicted of the  bombings of the embassies said that Bin Laden had been so involved that  he was the one who had pointed at surveillance photographs to direct  where the truck bomb should be driven.        &lt;/p&gt;&lt;p&gt; Bin Laden was becoming more emboldened, summoning Western reporters to  his hide-outs in Afghanistan to relay his message: He would wage war  against the United States and its allies if Washington did not remove  its troops from the gulf region.        &lt;/p&gt;&lt;p&gt; “So we tell the Americans as a people,” he told ABC News, “and we tell  the mothers of soldiers and American mothers in general that if they  value their lives and the lives of their children, to find a  nationalistic government that will look after their interests and not  the interests of the Jews. The continuation of tyranny will bring the  fight to America, as Ramzi Yousef and others did. This is my message to  the American people: to look for a serious government that looks out for  their interests and does not attack others, their lands, or their  honor.”        &lt;/p&gt;&lt;p&gt; In February 1998, he issued the edict calling for attacks on Americans  anywhere in the world, declaring it an “individual duty” for all  Muslims.        &lt;/p&gt;&lt;p&gt; In June, the grand jury convened two years earlier issued its  indictment, charging Bin Laden with conspiracy to attack the United  States abroad, for heading Al Qaeda and for financing terrorist  activities around the world.        &lt;/p&gt;&lt;p&gt; On Aug. 7, the eighth anniversary of the United States’ order sending  troops into the gulf region, two bombs exploded simultaneously at the  American Embassies in Nairobi, Kenya, and Dar es Salaam, Tanzania. The  Nairobi bomb killed 213 people and wounded 4,500; the bomb in Dar es  Salaam killed 11 and wounded 85.        &lt;/p&gt;&lt;p&gt; The United States retaliated two weeks later with strikes against what  were thought to be terrorist training camps in Afghanistan and a  pharmaceutical plant in Sudan, which officials contended— erroneously,  it turned out — was producing chemical weapons for Al Qaeda.        &lt;/p&gt;&lt;p&gt; Bin Laden had trapped the United States in an escalating spiral of  tension, where any defensive or retaliatory actions would affirm the  evils he said had provoked the attacks in the first place. In an  interview with &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/t/time_inc/index.html?inline=nyt-org&quot; title=&quot;More articles about Time.&quot; class=&quot;meta-org&quot;&gt;Time&lt;/a&gt;  magazine that December, he brushed aside President Clinton’s threats  against him, and referred to himself in the third person, as if  recognizing or encouraging the notion that he had become larger than  life.        &lt;/p&gt;&lt;p&gt; “To call us Enemy No. 1 or Enemy No. 2 does not hurt us,” he said.  “Osama bin Laden is confident that the Islamic nation will carry out its  duty.”&lt;br /&gt;&lt;/p&gt;&lt;p&gt; In January 1999, the United States government issued a superseding  indictment that affirmed the power Bin Laden had sought all along,  declaring Al Qaeda an international terrorist organization in a  conspiracy to kill American citizens.           &lt;/p&gt;&lt;div class=&quot;articleInline runaroundLeft&quot;&gt;       &lt;div class=&quot;columnGroup doubleRule&quot;&gt;    &lt;/div&gt;&lt;/div&gt;&lt;p&gt; &lt;strong&gt; The Aftermath&lt;/strong&gt;        &lt;/p&gt;&lt;p&gt; After the attacks of Sept. 11, Bin Laden did what had become routine: He  took to Arab television. He appeared, in his statement to the world, to  be at the top of his powers. President Bush had declared that the  nations of the world were either with the Americans or against them on  terrorism; Bin Laden held up a mirror image, declaring the world divided  between infidels and believers.        &lt;/p&gt;&lt;p&gt; Bin Laden had never before claimed or accepted responsibility for  terrorist attacks. In a videotape found in the southern Afghan city of  Kandahar weeks after the attacks, he firmly took responsibility for —  and reveled in — the horror of Sept. 11.        &lt;/p&gt;&lt;p&gt; “We calculated in advance the number of casualties from the enemy, who  would be killed based on the position of the tower,” he said. “We  calculated that the floors that would be hit would be three or four  floors. I was the most optimistic of them all.”        &lt;/p&gt;&lt;p&gt; In the videotape, showing him talking to followers nearly two months  after the attacks, Bin Laden smiles, hungers to hear more approval and  notes proudly that the attacks let loose a surge of interest in Islam  around the world.        &lt;/p&gt;&lt;p&gt; He explained that the hijackers on the planes — “the brothers who  conducted the operation” — did not know what the mission would be until  just before they boarded the planes. They knew only that they were going  to the United States on a martyrdom mission.        &lt;/p&gt;&lt;p&gt; Bin Laden had long eluded the allied forces in pursuit of him, moving,  it was said, under cover of night with his wives and children,  apparently between mountain caves. Yet he was determined that if he had  to die, he, too, would die a martyr’s death.        &lt;/p&gt;&lt;p&gt; His greatest hope, he told supporters, was that if he died at the hands  of the Americans, the Muslim world would rise up and defeat the nation  that had killed him.        &lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;</description><link>http://daisyhwku.blogspot.com/2011/05/obituary-osama-bin-laden-1957-2011-most.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-2520830651361197239</guid><pubDate>Tue, 26 Apr 2011 09:26:00 +0000</pubDate><atom:updated>2011-04-26T02:26:35.499-07:00</atom:updated><title>Alain SERVAIS</title><description>&lt;a href=&quot;http://hardting.blogspot.com/2010/07/illustrate-01.html?spref=bl&quot;&gt;Hardting the Dream Weaver: illustrate 01&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;h1 class=&quot;left&quot; style=&quot;color: rgb(73, 77, 62);&quot;&gt;Interview :     Alain SERVAIS&lt;/h1&gt;            &lt;div id=&quot;likeme&quot; style=&quot;float: right; padding-bottom: 10px;&quot;&gt;     &lt;div&gt;  &lt;/div&gt;              &lt;/div&gt;     &lt;br /&gt;             &lt;p&gt;&lt;a href=&quot;http://www.initiartmagazine.com/article/img/AlainServais8.JPG&quot;&gt;&lt;img src=&quot;http://www.initiartmagazine.com/article/img/AlainServais8.JPG&quot; alt=&quot;Alain Servais, self-portrait (with Nathalie Fournier), in front of a work by Anish Kapoor&quot; width=&quot;660&quot; height=&quot;369&quot; /&gt;&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Alain Servais, self-portrait (with Nathalie Fournier), in front of a work by Anish Kapoor. &lt;/p&gt; &lt;div class=&quot;textFile&quot;&gt;   &lt;p&gt; &lt;/p&gt;   &lt;p&gt;The young Belgian collector, Alain  Servais, started collecting art  in the late 1990s. In 2000, he moved into a  900-square meter old  factory which he transformed into a three-storey loft,  located in a  working-class neighborhood of northern Brussels. This is where he  lives  and works, as well as showing his contemporary art collection. “There   are two lighting systems, the artwork lighting system and the living  lighting system.  This is my way of living”, he said. The  freedom he  enjoys as an independent financial consultant allows him to travel  at  his own rhythm. Art is taking up most of his personal and leisure time.  He  visits more than 10 art fairs, festivals and biennales around the  world every  year. Other than collector and Financial Consultant, Alain  is a happy father of  two lovely daughters, Alexia (14) and Marie (12). &lt;/p&gt;   &lt;p&gt;In the interview, we talked about how a collection betrays its  master,  the collector. Alain is very open and sincere in sharing his  experiences and  philosophy. I am very grateful for his generosity, and I  really admire his  courage to confront himself. “This  is really the  most revealing and personal interview I ever did and probably will ever  do”, he wrote me a week after the interview.&lt;/p&gt;   &lt;p&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS&lt;/strong&gt; - Alain Servais&lt;br /&gt;    &lt;strong&gt;ST&lt;/strong&gt; – Selina Ting for InititArt Magazine&lt;/p&gt;   &lt;p align=&quot;right&quot;&gt;&lt;strong&gt;&lt;a href=&quot;http://www.initiartmagazine.com/interview.php?IVarchive=45&quot;&gt;Click for Editor&#39;s Note on Meeting Alain Servais&lt;/a&gt;&lt;/strong&gt;&lt;br /&gt;  &lt;/p&gt;   &lt;p&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;&lt;u&gt;What is Collecting Art?&lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST: &lt;/strong&gt;You  are young, and a very active and “hard-working” collector. What are your basic ideas  about collecting art? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; There are different things about  collecting.  The very first aspect concerns what you think of art. It’s almost  the  first question I am asking to everyone I meet to know in which artworld  category  to find them. It’s a tough question to answer, “What is art  for you?”, and I  ask myself this question regularly. &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Throughout the years you must have  very different answers to your own question.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; Yes, of course.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Perhaps it’s interesting for us to  start with the question.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; I don’t know but let me finish your  question  first. So, you have the art then you have the collecting. Why is it? You   said earlier that I am fascinated by collectors, and it’s very true. I  am very  interested in them across history, not just today, but in  general about the phenomenon  of collecting. There are many different  ways of collecting, but I like the  following definition that I read  somewhere: The difference between a museum and a private collection is  that, a  museum is trying to illustrate &lt;em&gt;an evolution of time&lt;/em&gt;, while a collector  is encapsulating &lt;em&gt;a point in time. &lt;/em&gt;A  collector is very often  active in a certain time span, usually they  are good for 10 to 12 years, then they  often become bad or they stop.  Why? It’s because things are changing so much  that you can’t adapt many  times in succession. That’s why it’s so amazing to  see some collectors  changing and re-focusing their collection. It’s an amazing personal   effort to do that. That’s also why you would see so often the same  artists in  different collections active in the same period.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST: &lt;/strong&gt;How can you try not to become a victim  of this? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; That’s the second level about  collecting,  which means you have to try to give a message through your  collection. I  tend to explain it in this way: an artist is creating a sign, and the  collector at a certain point is  taking these signs and putting them  together to give another message&lt;em&gt;.&lt;/em&gt; He’s making a sentence, if  you will. He’s creating something new. He’s expressing  himself also. I  think it’s important. I am trying to express something.  Sometimes I  have the impression that I am not being listened to…&lt;em&gt; [Smiles] &lt;/em&gt;I  ask the work of art to speak  for me, on my behalf. I am hiding behind  what they are saying, or in fact, I am  saying what they are saying.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Because you are the one who’s organizing  the sentence. &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS: &lt;/strong&gt;Yes, or sometimes, I can go to another  level  than what the artist really intended to say. I like the idea an artist   told me, that once you sent the work of art to the world, you are losing  control  of its meaning. Some artists want to fight against this; some  are just fine  with it. Also, with the passing of time, you can never  really see the work with  the same eye as at its time of creation.  That’s why I like to visit museums. I try  to put myself in the mindset  of times during which the work was created to understand  how people in  that time looked at those pieces. I don’t want to see the works only   with my eyes of today because when one makes the effort to imagining  oneself  back in the artist’s own time you realize how those works could  be really  revolutionary and radical, and it feels even better to  understand that&lt;em&gt;. [Smiles]&lt;/em&gt;&lt;/p&gt; &lt;p&gt; &lt;/p&gt; &lt;/div&gt; &lt;p&gt;&lt;a href=&quot;http://www.initiartmagazine.com/article/img/AlainServais.jpg&quot;&gt;&lt;img src=&quot;http://www.initiartmagazine.com/article/img/AlainServais.jpg&quot; alt=&quot;Alain Servais creating the composition and anaylsing the dog, in the game installation of MIND-GAMES (2009) by Madelon Vriesendorp, in Arsenale, 53rd Venice Biennale 2009. Photographed by Selina Ting. &quot; width=&quot;550&quot; height=&quot;284&quot; /&gt;&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Alain Servais creating the composition and anaylsing the dog, in the game installation of &lt;em&gt;MIND-GAMES&lt;/em&gt; (2009) by Madelon Vriesendorp, in Arsenale, 53rd Venice Biennale 2009. Photographed by Selina Ting. &lt;/p&gt; &lt;div class=&quot;textFile&quot;&gt;   &lt;p&gt;&lt;strong&gt;ST: &lt;/strong&gt;Can we say that what we get from your  comparison of a collector commanding the sentence is the subjectivity of the  collector?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS: &lt;/strong&gt;That’s what I like: the subjectivity,  but not the “command” in your question. &lt;em&gt;[Smiles] &lt;/em&gt;I  don’t feel myself as the “boss”. For example, I never commissioned a  work.  I don’t want to give instructions to an artist on what he has to  do. At the  same time, I don’t feel myself as the owner of the work. I  am just a custodian  of the work. Ok, I am given the work in exchange of  a payment, I integrated the  piece into my sentence, but it’s not my  work. Because anybody coming here to  see them can own them, appropriate  them in their own way. That’s why I lend works  to museums or others as  often as I can.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; But then, we come back to the  question, you  can also go to the museums to look at them, to appropriate them  in your  own way. You don’t need to possess them.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; But the immense joy is that I don’t  need to  go to the museum every time, I can be here, look around, and say, oh,   how lucky I am to live in a “museum”.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Is there an obsession to own it? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS: &lt;/strong&gt;Yes and no. I have the obsession of  putting  them in evidence. Yes, I love the impact they have on me and others.  It’s  a nice feeling to see how the art work sometimes can influence  people, can change  certain things inside me and others, and can be  useful to everyone. That’s why  the works are not my property. They are  the artists’ property, the world’s  property, and I am happy to share  them. I am just the lucky guy who’s living  with them at the moment. &lt;em&gt;[Smiles]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Is it also your reflection from  history that a  collection can never stay in the same hand in view of changes of  time  and circumstances?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS: &lt;/strong&gt;Yes. That’s why conservation is very   important for me. Because I hope someone will have them in 50 years, in  100  years. And if I don’t take correct care of them, they would be  dead.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; When you have a huge collection, can  your sentence still be coherent? Is there a limit? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; The sky is the limit! No, I should say  the  budget is the limit! So, why so many? At one point, I could say that you  may  realize what the core of the collection is (I don’t believe in  collections  consciously built from the beginning). Then you would have  to have the courage  to tidy it up. The big problem of many collectors,  and sometimes myself, is the  excessive drive of looking forward. You  always look for the next piece and you  forget a little bit about the  past pieces. Then you have challenges concerning  the storage,  conservation, exhibiting, documentation, etc. This is the impulse  and  the weakness of a collector: What’s the next one I want to have?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; What about the coherence? When a  collection expands to several hundred or several thousand pieces, can it still  be coherent? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; More and more! There is more and more   consistency as it gets bigger and more mature. But let me be careful  about this  word “consistency”. You can build collections in different  ways. The hottest  talk today, particularly in “courses” about  collecting, &lt;em&gt;[Winks]&lt;/em&gt; is to focus. But as I said, the collection  is the sentence  of the collector. It can be concerned by sports, sex,  politics, death, love,  etc. If you just want to talk about one of the  chosen issues, then you are creating  a much focused collection. But for  me, there is diversity in each personality.  There are people who are  much more focused or disciplined, but I want to  cultivate my diversity.  There are many different elements in life that are interesting  to me,  and I don’t want to limit myself to one subject only. I know people who  only  collect black and white work. It’s a joke! &lt;em&gt;[Laughs]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt; &lt;/p&gt; &lt;/div&gt; &lt;p&gt;&lt;a href=&quot;http://www.initiartmagazine.com/article/img/AlainServais7.jpg&quot;&gt;&lt;img src=&quot;http://www.initiartmagazine.com/article/img/AlainServais7.jpg&quot; alt=&quot;Left: Alain Servais. Right: Alain Servais and Cristina Savini. Images provided by Alain Servais. ©Alain Servais.&quot; width=&quot;550&quot; height=&quot;292&quot; /&gt;&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Left: Alain Servais. Right: Alain Servais and Cristina Savini. Images provided by Alain Servais. ©Alain Servais.&lt;/p&gt; &lt;div class=&quot;textFile&quot;&gt;   &lt;p&gt;&lt;strong&gt;&lt;u&gt;What you are looking at is inside you&lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; So your collection is more based on  the subject-matter rather than a certain artistic movement? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; Yes, but someone’s history is where one  is  coming from and what one is. In my case, there are two sources of  influence:  first of all, I have been raised by Jesuits. The caricature  of Jesuits is that  they always answer questions with another question,  and that they are always questioning  perceived reality or conventions.  They are a little bit manipulative &lt;em&gt;[Winks]&lt;/em&gt; but they are  attempting to  examine things from different points of views and they  teach you to look at  your surroundings, physical and mental, from  different perspectives. So, you  come out of a Jesuit school either as a  strong believer or as a strong  disbeliever, and I came out as a very  strong disbeliever in religion. They offer  you a model of thinking  about the world, but they give you the tools to destroy  the model. So  their views are very critical but very open-minded. They  influenced my  way of thinking in that if something looks to be white, I am  going to  ask myself where is the black of this white? &lt;em&gt;[Smiles]&lt;/em&gt; So when  you said my collection is very strong on messages,  and you are not the  only one saying so, then I will purposely add a work that  speaks about  the opposite, which is not at all about the message or the intellectual   but perhaps the poetry. There is a very deep and obvious contradiction  in the  collection in that there are things that don’t seem to bear  being together  except that it is my intention – that they are contrary  to one another.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST: &lt;/strong&gt;When you decided to destroy, when you  become a  disbeliever, I imagine you found yourself in the bewilderment with   nothing to hold on to…&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; Yes, I find it a difficult but  exciting  challenge to manage living with uncertainty. And that’s the other side   in my history – Socrates. Socrates said, “One thing only I know, and  that is  that I know nothing”. &lt;em&gt;[Smiles] &lt;/em&gt;This  is the basis of  philosophy and the basis of my philosophy and my life. It’s  true that  human beings usually do whatever they can to avoid uncertainty but I   try to live with this uncertainty, this permanent questioning. And it is  not  easy, particularly also for the ones living with me. &lt;em&gt;[Winks] &lt;/em&gt;Sometimes  we want to hold on to something solid but in  reality everything is  moving around. It definitely translates into the  collection. &lt;/p&gt;   &lt;p&gt;What’s interesting is that despite this impulse to keep  changing,  there are only very few works that I “reject” even though I bought them   10 years ago or more. Because each of them is a part of my history and  very  often their meaning is still alive. I can still feel the life  coming out of  them. &lt;em&gt;[Smiles]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt;But this very intellectual and philosophical aspect is only  one  side of my philosophy, my personality and my collecting. Then there is  another  part which is the animal instinct and which is just as  important. You think  that we, humans, are superior, the creatures at  the top of the evolution, but no,  we are just another animal among  other animals, the smartest animal, nothing  else. Sometimes I like to  cut off from all the rubbish, the illusion about  human “intelligence”.  Just look at what’s going on in the world. That’s just  animals fighting  each other. The way we behave when we want to have power, love,  sex or  drugs, is the same as for other animals most of the time. So let’s try   not to make the human being what he’s not. So this other major theme  express itself  through the collection is, “Watch out for your animal  instinct”. That’s why  there are some very “crude” elements in the  collection which disturb a lot of  people. There is animal instinct  behind the higher level of consciousness, and  at one point the animal  instinct would take over, be it for love, sex,  politics, religions,  races, power, etc., and that can be very violent and  terrible.&lt;/p&gt;   &lt;p&gt; &lt;/p&gt; &lt;/div&gt; &lt;p&gt;&lt;a href=&quot;http://www.initiartmagazine.com/article/img/AlainServais3.jpg&quot;&gt;&lt;img src=&quot;http://www.initiartmagazine.com/article/img/AlainServais3.jpg&quot; alt=&quot;Living Room of Alain Servais, Brussels. Photograph by Selina Ting, 2009. Courtesy of Alain Servais. ©initiArt Magazine.&quot; width=&quot;550&quot; height=&quot;304&quot; /&gt;&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Living Room of Alain Servais, Brussels. Photograph by Selina Ting, 2009. Courtesy of Alain Servais. ©initiArt Magazine.&lt;/p&gt; &lt;div class=&quot;textFile&quot;&gt;   &lt;p&gt;&lt;strong&gt;ST: &lt;/strong&gt;When you use the word “Watch out”, it’s  also about intellectual control on the animal instinct. &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; Yes, I try to control it and again I try  to  say: this violence that you don’t like to see in art is also inside you,  so,  don’t reject it! Because sometimes when you are conscious of that  violence, you  can control it; if you are not conscious of it, it can  explode and then you don’t  know how to react to it or control it. &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; What about the artists who created them?  How do they get there?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; If you look at sociology… Where do you  see  the inner workings of a society? It’s at the edges. It’s where the   problems, the dark sides, the failures of a society lay. When you see  what the  problems are and the “solutions” applied to them, then you  understand the way  the society is. It’s fascinating to me the way our  society treats minorities.  This is another very central in the  collection. What codes, perceptions,  treatment a society has for the  homosexual, the immigrant, the prostitute, the  lower-class, etc.? What  are these telling us about our so-called “smart”, “wealthy”,   “democratic” society? That’s why it’s very interesting to see and  understand  how things are working together, not just at the individual  level of an artist  or an individual, but the society as a whole.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; If we believe that art has the power  to speak  for the subaltern or revealing the messages to us, then, are we really   giving voices to them or just another interpretation / manipulation? As  a  white, wealthy, upper-class male, are you not patronizing them?  Where is your  position in all these? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; One of my “model collector” is Herman  Daled  .He once wrote that “art should disturb me”. Art should ask me questions  if  it cannot provide me withanswers. It should teach me something that  I don’t  know about myself or my environment. This is what art is for  me. As I can stand  the questioning, as I accept to be put into  question, I can live with those  voices of the art which are raising  very difficult questions. A lot of my  friends say, “oh, I like your art  but I could never live with it”. It’s just  because I am “different” in  some ways that I can cope with that questioning.  And let us be clear  this difference is not a source of glory or pride. It is  more often a  burden. &lt;em&gt;[Smiles]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt;The second part of your question: if I am patronizing? … It’s  a  very good question because it touches something in my core. The answer  is:  maybe I am a “minority” myself. Despite being a member of the  so-defined “dominating  elite class”, maybe I am still in my own way a  minority. &lt;em&gt;[Smiles]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST: &lt;/strong&gt;Because you  don’t conform to the values of your own social class? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; You know the answer. &lt;em&gt;[Winks]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Do you identify with the labels of  white, male, wealthy, social status, etc. etc.?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; It’s objective. It’s a fact. I can’t  go against that.&lt;/p&gt;   &lt;p&gt; &lt;/p&gt; &lt;/div&gt; &lt;p&gt;&lt;a href=&quot;http://www.initiartmagazine.com/article/img/AlainServais2.jpg&quot;&gt;&lt;img src=&quot;http://www.initiartmagazine.com/article/img/AlainServais2.jpg&quot; alt=&quot;Corners of the living room in Alain&#39;s house. On the right, Claude Closky&#39;s collage of 1001 &amp;quot;things to do&amp;quot; cut out from magazines. Photograph by Selina Ting, 2009. Courtesy of Alain Servais. ©initiArt Magazine.&quot; width=&quot;600&quot; height=&quot;218&quot; /&gt;&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Corners of the living room in Alain&#39;s house. On the right, Claude  Closky&#39;s collage of 1001 &quot;things to do&quot; cut out from magazines.  Photograph by Selina Ting, 2009. Courtesy of Alain Servais. ©initiArt  Magazine.&lt;/p&gt; &lt;div class=&quot;textFile&quot;&gt;   &lt;p&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;&lt;u&gt;What else…?&lt;/u&gt;&lt;/strong&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Now you have many pieces in your  collection and you change the hanging once a year. &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; Yes, about 80% of the work is changed  out.  It’s a lot of effort, but if you don’t want to change the hanging,  what’s  the point of buying more? It’s a pleasure because it transforms  the house  completely. It’s also paying respect to the artists, and it’s  a worthy effort  for my guests as well. &lt;em&gt;[Smiles]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; What is it like to live with the same  work for 365 days? Do you still see them on the 300th day?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS: &lt;/strong&gt;A year is not long. &lt;em&gt;[Smiles] &lt;/em&gt;Do I  still see them? Yes, and I  am doing the necessary to look at them again  and again such as having group  visits two to three times a month, and I  guide the tour myself. Yes, I love  art, it’s more than a passion; it’s  a way of living, as I tried to explain. But  outside this  “intellectual” environment of art, I am as happy to live with my  animal  side &lt;em&gt;[Winks]&lt;/em&gt; by watching  football games and playing with my  kids. There are two lighting systems in the  house, the artwork lighting  system and the living lighting system. This is my  way of living. I  love things with two or more sides. &lt;em&gt;[Smiles]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; How do you decide and design the  hanging?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; I make a list of works that I want to take   out of storage. Then I see how they “work” with the physical environment  of the  house. The interesting thing is that, once they are there,  suddenly you see the  intrinsic link between them. I don’t work like a  curator who starts with a  theme, a theory then research into the work.&lt;/p&gt;   &lt;p&gt; &lt;/p&gt; &lt;/div&gt; &lt;p&gt;&lt;a href=&quot;http://www.initiartmagazine.com/article/img/AlainServais6.jpg&quot;&gt;&lt;img src=&quot;http://www.initiartmagazine.com/article/img/AlainServais6.jpg&quot; alt=&quot;Alain Servais, in the game installation of MIND-GAMES (2009) by Madelon Vriesendorp, in Arsenale, 53rd Venice Biennale 2009.&quot; width=&quot;550&quot; height=&quot;295&quot; /&gt;&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Alain Servais with an unknown audience, in the game installation of &lt;em&gt;MIND-GAMES&lt;/em&gt; (2009) by Madelon Vriesendorp, in Arsenale, 53rd Venice Biennale 2009.  Photographed by Selina Ting. &lt;/p&gt;    &lt;p&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST: &lt;/strong&gt;What do you look at and what do you  look for when you visit a private collection? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; I want to know who the hosts are. I  want to &lt;em&gt;meet&lt;/em&gt;  the person, whether they are physically present or not.  Visiting the  private house of a person is to get to know that person for real.  There  is little he or she can hide. &lt;em&gt;[Smiles]&lt;/em&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; What about your own feelings of  opening your own private, intimate living space for visitors, some of them are  strangers?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; I am probably an exhibitionist. &lt;em&gt;[Laughs]&lt;/em&gt;  I don’t care. I have nothing to  hide. You like me or you don’t like  me, you judge me or you don’t judge me,  good for you. There is nothing I  can do about it.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; And when you visit a private  collection, do you feel yourself a voyeur?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; A little bit. I am a voyeur as well. I  am an exhibitionist and I am voyeur. &lt;em&gt;[Laughs]&lt;/em&gt; So, there’s no problem…&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST: &lt;/strong&gt;According to you, what’s the role of a  collector in the making of art history?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS: &lt;/strong&gt;They realize that the very good artists  cannot be understood today, that’s a bit caricature though…&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; …Because the artists are ahead of  their time.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;AS:&lt;/strong&gt; Most of the time for the good ones. A  very  good artist is a very good artist by nature; a very good collector is a  also  good collector by nature. Again, let me give you another metaphor:  the artist  is the “broken” or “twisted” transmitter, he’s gathering  information from the  world, good feelings and bad feelings about the  world, and he’s expressing them  in the work of art, he’s creating a  sign. Most of the normal people can’t decipher  it, can’t pick up the  message immediately. But the collectors understand it  because they are  the receptors, often as “broken” or “twisted” as the  transmitter is. &lt;em&gt;[Winks] &lt;/em&gt;Look  at  Gertrude Stein, Peggy Guggenheim and many other collectors. They  are very  important because they support new movements and they are the  ones taking the  risks. Today, the galleries are promoting the living  artists but how many  galleries are still buying from their own artists?  Who’s putting up their own  money, taking risks and supporting the  artists today? Collectors! Again, that’s  simplifying the scenario, but  the way to make a complex idea clearer is often to  simplify it and  exaggerate the point. &lt;em&gt;[Winks]&lt;/em&gt; Of course, in reality and nuances there are different categories of artists,  galleries, collectors, etc. &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Thank you very much. &lt;/p&gt;</description><link>http://daisyhwku.blogspot.com/2011/04/alain-servais.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-6537078483325058058</guid><pubDate>Tue, 26 Apr 2011 08:59:00 +0000</pubDate><atom:updated>2011-04-26T01:59:54.514-07:00</atom:updated><title>Hardting the Dream Weaver: illustrate 01</title><description>&lt;a href=&quot;http://hardting.blogspot.com/2010/07/illustrate-01.html?spref=bl&quot;&gt;Hardting the Dream Weaver: illustrate 01&lt;/a&gt;&lt;br /&gt;&lt;h1 class=&quot;left&quot; style=&quot;color: rgb(73, 77, 62);&quot;&gt;Interview :     Paul CHAN&lt;/h1&gt;            &lt;div id=&quot;likeme&quot; style=&quot;float: right; padding-bottom: 10px;&quot;&gt;     &lt;div&gt;  &lt;/div&gt;              &lt;/div&gt;     &lt;br /&gt;             &lt;p&gt;&lt;a href=&quot;http://www.initiartmagazine.com/article/img/PaulChan.JPG&quot;&gt;&lt;img src=&quot;http://www.initiartmagazine.com/article/img/PaulChan.JPG&quot; alt=&quot;Paul Chan Sade for Sade&#39;s Sake, 2009&quot; width=&quot;600&quot; height=&quot;272&quot; /&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class=&quot;credit&quot;&gt;©Paul Chan, &lt;em&gt;Sade for Sade&#39;s Sake&lt;/em&gt;, three-channel animation projection, 5hr45mins. Courtesy of the artist &lt;/p&gt; &lt;div class=&quot;textFile&quot;&gt;   &lt;p&gt;&lt;em&gt;Sade for Sade’s Sake&lt;/em&gt; (2009), a three-channel animation  projection that Paul Chan (b. 1973) presented for the 53rd Biennale di  Venezia this year, depicts shadow-like human bodies in physical  movement. These figures talk, argue, and plea with one another, walk and  crawl, and beaten and whipped, and engaged in sexual activities and  religious rituals. Interspersed among them are shadows of rectangles,  squares, and other shapes and forms.&lt;/p&gt;   &lt;p&gt;In the interview, Paul Chan talks about &lt;strong&gt;Sade, Freedom, Sexuality and Morality. &lt;/strong&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;PC&lt;/strong&gt; – Paul Chan&lt;br /&gt;    &lt;strong&gt;ST&lt;/strong&gt; – Selina Ting for initi&lt;em&gt;Art &lt;/em&gt;Magazine &lt;/p&gt;   &lt;p&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; In your opinion, how many people have watched the video, &lt;em&gt;Sade for Sade’s Sake &lt;/em&gt;(hereafter “SSS”) in its full-length of 5hours 45mins? &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;PC:&lt;/strong&gt; None, let’s hope.&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; We know that the video has a basic structure  of 45 second per scene interspersed by some geometrical forms of  objects. You once said it’s like a ballad. Does it bear any resemblance  to the structure of Sade’s &lt;em&gt;120 days of Sodom&lt;/em&gt;, i.e. from Part 1 to Part 4 and the repetitive structure of Day 1 to Day 120?&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; The whole piece is structured like a ballad.  Each of the 45 second scenes I consider a line in the ballad. Four lines  make up a stanza in a ballad, and so each stanza has a particular  rhyming scheme. Visually this means that the lines that are suppose to  rhyme have recurring visual elements in their scene, but in a different  composition or way of moving. &lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST: &lt;/strong&gt;I’ve only seen a little part of it, but I am  very curious to know how it develops within the 5hours 45mins. Is there  &quot;development&quot; in it? &lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC: &lt;/strong&gt;Yes, SSS changes radically over the course of  the 5+ hours. Things fall apart, bodies become disembodied, rhyme  becomes reason, and colors change, and so on. &lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; What do these geometrical objects stand for?&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; I don’t know. You know?&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST: &lt;/strong&gt;Well, perhaps they are windows for escape…or  they can be residues of visual spots in the mind, objects for worship,  or a black hole where humanity falls. I am so often told by artists that  once the work is done, they gained autonomy and have their own life in  the world. Art is for everyone’s interpretation.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; Just the interesting observation that when  something becomes free, or what you describe as something gaining  autonomy, it tends to emanate an essential formlessness, whatever it  looks like, which could be interpreted as something everyone can  interpret. But for me this formlessness shouldn’t be seen as a kind of  willful ambiguity. It is more like the stubbornness of someone not  willing to belong to anyone or anything.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; Someone humorously commented that to attempt Sade’s &lt;em&gt;120 days of Sodom &lt;/em&gt;is  a challenge. Because if you can’t persist till the end, you are a  loser; if you successfully make it to the end, you made yourself a fool.  Can this be applied to your work as   well?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;PC:&lt;/strong&gt; No, because the only holy fool is me, for making it. It’s also a good question whether Sade wrote&lt;em&gt; 120 days &lt;/em&gt;to  be read. He wrote it during his imprisonment in the Bastille. And like  any prisoner he wanted to escape. And how he escaped was by writing, by  making literature. So in the end what is most vital is the time spent  making it, not in having it   received.&lt;/p&gt;   &lt;p&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;On Freedom&lt;/strong&gt;&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; You’ve also mentioned the idea of escape in  Venice. You said that &quot;the most intimate form of engagement is escape.  Escape creates a sense of inner and outer integrity and gives a picture  of what freedom looks like&quot;. Can you further elaborate the    relationship between confinement, escape and freedom?&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; Sure. Confinement is the condition that makes  us desire escape most, and in escaping we achieve freedom. In freedom  we find the truth of confinement, which is not something oppose to  freedom, but in fact its grounding. I think this is what they call a  Hegelian triad. But I’m most likely wrong.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; &lt;em&gt;SSS&lt;/em&gt; has been largely regarded as a  critique of the scandal of Abu Ghraib prison for its sexual violence,  imprisonment and torture. However, from your previous work, it seems  that your interest in Sade is less on sex or sexual violence itself, but  on the idea of supreme freedom or the so call “Sadeian Freedom” where  individual sovereignty becomes the supremacy without limit. How do you  interpret Sade’s notion of freedom?&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; I have written before on this project that,  does it make Sade’s work more bearable to remember that his thinking  around sex, pleasure, and freedom are inextricably tied to a ruthless  critique of institutional power, whether it was governments, churches,  or philosophies? Probably not. The blue and purple prose is what sticks  in the craw of the mind, a seemingly endless accounting of perversities,  debaucheries, and tortures. The law of reason compels sex to greater  and greater extremes. In Sade, the Kantian notion of freedom as the  power to follow the path paved by the series of causes and effects from  one’s own reason for being fulfills Kant’s image of human autonomy and  at the same time makes a mockery of its humanist   potential.&lt;br /&gt;  Pleasure has its own reason and freedom its own law. Call it Sade’s  law. And yet to follow Sade’s law to the letter is to pledge an  allegiance to an imaginary power as rigid, cruel, and paradoxical as the  one he was fighting against. The irony of this is on full view today.  Since 2001, the US has waged a campaign to spread freedom and democracy  around the world. But ironically, the more this freedom spreads, the  more rigid, cruel and sexually inhuman the campaign becomes.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; In &lt;em&gt;Must We Burn Sade ?&lt;/em&gt; (1955),  Simone de Beauvoir accuses Sade for his solipsistic worldview, his  denial of the reality of the Other and his oppression on the others.  According to de Beauvoir, freedom and satisfactions for Sade can only be  obtained in an imaginary or literary world where the others as embodied  consciousness did not exist for him. In this sense, writing is a form  of escape for Sade and his freedom lacks the possibility of action. How  would you comment on de Beauvoir’s critique of Sade? &lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; You have reduced de Beauvoir’s essay to being  merely a critique of Sade, when it is rather a more full bodied  assessment of his work and its relevance then and now. One of the points  de Beauvoir was trying to make was that Literature is a kind of action,  and that the act of artistic creation has as much reality embedded in  it than, say, digging a hole, or making love. That is why people wanted  to burn Sade, they sensed in his work the gravity that comes from having  made a concrete existence out of mere words.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST: &lt;/strong&gt;What about the critique on the oppression of  the Other? What differs de Beauvoir’s notion of freedom from that of  Sade is also her recognition of the inter-subjective lives and  relationships of reciprocity.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC: &lt;/strong&gt;Yes, you’re right. The fundamental blindspot  in Sade is that the people who populate his imaginative world are not  really people at all, but things that can be used and dominated to their  core. But isn’t this the mind simply wielding its power over the entire  domain of artistic creation? Doesn’t Sade have a fundamental right as a  thinking-and-making being to reflect and express whatever comes to him?  This difference between Sade and de Beauvoir is not really a difference  between different notions of freedom, but the irreconciliability  between ethics and art.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; How relevant is Sade’s form of freedom to our society today?&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;PC: &lt;/strong&gt;Sade is very relevant: he is the court philosopher for any country spreading democracy and freedom today.&lt;/p&gt;   &lt;p&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;On Sexuality and Morality&lt;/strong&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Religion / Christianity is a point of attack  for the Enlightenment and Post-Enlightenment thinkers. Sex as the origin  of human evil and slavery becomes the primal site of transgression and  individual liberty, especially for Sade. Today, the role of religion as a  regulator is largely replaced by law. Law and Order become the social  architects that construct a framework within which individual  sovereignty is delimited and constantly kept in check. In your project, &lt;em&gt;My Laws are my Whores&lt;/em&gt;  (2008), where you presented 9 charcoal drawings of America&#39;s Supreme  Court justices vis-à-vis 14 large, textualized drawings based on the  characters from Sade’s work. Can you share with us your dea under this  provocative title and the juxtaposition of Law and Sade?&lt;br /&gt;  &lt;/p&gt;   &lt;strong&gt;PC:&lt;/strong&gt; Well, the first thing is that the title of that  show is a parody of Diderot’s famous quip, &#39;My thoughts are my whores&#39;.  But the spirit is the same. And for me it exemplifies what Sade was  trying to achieve. A law of pleasure unto himself. I’ve written on the  idea that the world Sade portrays is as representative of reality as  pornography is to actual sex. But they are not mere fantasies. They  posses the prodding movements of a mind that imagines sex not merely as a  pleasure, a job, or a weapon, but as a form of reason. Here is where  the spirit of Sade resides. If human freedom is expressed in the  sovereignty of sex, then Sade is pushing to create a form of expression  that can free the reason of sex from both nomos (human law) and physics  (law of nature). &lt;/div&gt; &lt;p&gt;&lt;a href=&quot;http://www.initiartmagazine.com/article/img/PaulChan-My%20laws.jpg&quot;&gt;&lt;img src=&quot;http://www.initiartmagazine.com/article/img/PaulChan-My%20laws.jpg&quot; alt=&quot;Paul Chan, My laws are my whores, 2008&quot; width=&quot;450&quot; height=&quot;252&quot; /&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class=&quot;credit&quot;&gt;©Paul Chan,&lt;em&gt; My laws are my whores, 2008, &lt;/em&gt;Charcoal and paper, Courtesy of the artist.&lt;/p&gt; &lt;div class=&quot;textFile&quot;&gt;   &lt;p&gt;&lt;strong&gt;ST:&lt;/strong&gt; Sade has turned his subversive, sadist  sexuality into an ethic of erotic or mode of living and expressed that  ethic of erotic through writing. There is also an attempt to synthesize  the violent and arbitrary justice of the aristocracy with bourgeois  rationalism of his epoch. Do you see any transgression, in terms of  sexuality, politics, social justice, in this strategy?&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; This is the second hardest question I’ve ever  been asked. The first was by a 9-year-old who asked me how big God was.  Yes, it was a transgression then, and in many ways it still is  transgressive. There remains in Sade an unbearable quality. And this is  what renders him relevant.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; What does this transgression imply in the relationship between the individual and the world? &lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; The poet Wallace Stevens once wrote that a  poem, among other things, is &#39;a violence within that protects us from a  violence without&#39;. In a way, the world   trangresses upon us more than  we will ever transgress it. The work of art, if it is art, gives us ways  to abide in or resist the world.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; I read the mechanical sexual scenes in the  video as numbing rather than shocking, like &quot;violence for violence’s  sake&quot; or &quot;torture for torture’s sake&quot;. Under what conditions would  morality / humanity completely surrendered to cruelty and violence? Is  this question naïve? &lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; Not a naïve question. There are many  conditions that would render humanity into perpetual cruelty and  violence. Poverty is one such condition. Inequality would be another  one. Lack of civil rights another. Your read of the &quot;sexual&quot; scenes from  SSS is not off the mark. Although there is tenderness in there  somewhere, but like real tenderness, it is fleeting and not readily  apparent.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; How far can one say that your work takes the same line as Sade that Sexuality is not a biological imperative but a social fact?&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; I don’t know. One can almost say anything  these days. The question is whether what is said has the force of  material reality or not.&lt;/p&gt;   &lt;p&gt; &lt;strong&gt;ST:&lt;/strong&gt; You said in Venice that &quot;a person is a world  more than the world itself, and that a shift in a mind means more than a  change in gravity itself.&quot; To what degree do you place your faith in  humanity? &lt;/p&gt;   &lt;p&gt; &lt;strong&gt;PC:&lt;/strong&gt; I have no faith to place anywhere. Besides, humanity doesn’t need faith as much as a new reason to be itself. &lt;/p&gt;   &lt;p&gt; &lt;/p&gt;   &lt;p&gt;&lt;strong&gt;About the artist&lt;/strong&gt;&lt;/p&gt;   &lt;p&gt;&lt;strong&gt;Paul Chan &lt;/strong&gt;was born in 1973 in Hong Kong and  currently lives in New York City. He received his BFA in video and  digital arts from the School of the Art Institute of Chicago, and his  MFA in film, video, and new media from Bard College. His most recent  solo shows include &lt;em&gt;My Laws are My Whores&lt;/em&gt; in the University of Chicago in 2009, &lt;em&gt;The 7 Lights&lt;/em&gt; in New Museum of Contemporary Art in NYC in 2008, &lt;em&gt;The Western Front&lt;/em&gt; in Vancouver, &lt;em&gt;Paul Chan &lt;/em&gt;in Serpentine Gallery in London, &lt;em&gt;Lights and Drawings&lt;/em&gt; in Stedelijk Museum in Amsterdam, all in 2007. His work was included in the &lt;em&gt;Rotating Views #2 in &lt;/em&gt;Astrup Fearnley Museet for Moderne Kunst, Oslo, in 2009; &lt;em&gt;Medium Religion &lt;/em&gt;in ZKM Karlsruhe, &lt;em&gt;T2 Torino Triennale&lt;/em&gt;, Turin,&lt;em&gt; 16th Biennale of Sydney&lt;/em&gt;, &lt;em&gt;Betwixt &lt;/em&gt;in Magasin 3 Stockholm Konsthall, Stockholm, &lt;em&gt;Traces du Sacré&lt;/em&gt; in Centre Pompidou, Paris, &lt;em&gt; Shadow Cabinet&lt;/em&gt; in Extra City, Antwerp, all in 2008.&lt;/p&gt; &lt;/div&gt;</description><link>http://daisyhwku.blogspot.com/2011/04/hardting-dream-weaver-illustrate-01.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-9211600477643913952</guid><pubDate>Fri, 22 Apr 2011 15:44:00 +0000</pubDate><atom:updated>2011-04-22T08:44:19.250-07:00</atom:updated><title>Unsafe at Any Exposure - OtherWords</title><description>&lt;a href=&quot;http://www.otherwords.org/articles/unsafe_at_any_exposure&quot;&gt;Unsafe at Any Exposure - OtherWords&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;h2&gt;Unsafe at Any Exposure&lt;/h2&gt;     &lt;h3&gt;There&#39;s no safe level of radiation exposure.&lt;/h3&gt;     &lt;p class=&quot;author&quot;&gt;      &lt;a href=&quot;http://www.otherwords.org/about/contributors/1525&quot;&gt;     &lt;img src=&quot;http://www.otherwords.org/files/3003/Ira_Helfand.jpg?width=100&quot; alt=&quot;Dr. Ira Helfand&quot; class=&quot;alignleft&quot; align=&quot;left&quot; /&gt;     By &lt;/a&gt;&lt;a href=&quot;http://www.otherwords.org/about/contributors/1525&quot;&gt;Dr. Ira Helfand&lt;/a&gt;         &lt;/p&gt;     &lt;p&gt;As the radioactive contamination of food, water, and soil in  Fukushima, Japan worsens, the media is continuously reassuring us that  these levels are &quot;safe.&quot; But there is no&lt;strong&gt; &lt;/strong&gt;safe level of radiation.&lt;/p&gt; &lt;p&gt;Yes, at lower levels the risk is smaller, but the National Research  Council of the National Academies of Science has concluded that any  exposure to radiation makes it more likely that an individual will get  cancer.&lt;/p&gt; &lt;p&gt;The press is reporting that 100 millisieverts (mSv) is the lowest  dose that increases cancer risks. This simply isn&#39;t true. According to  the NAS, if you are exposed to a dose of 100 mSv, you have a one in 100  chance of getting cancer, but a dose of 10 mSv still gives you a one in  1,000 chance of getting cancer, and a dose of 1 mSv gives you a one in  10,000 risk.&lt;/p&gt; &lt;p&gt;Those odds sound fairly low for one individual, but if you expose  10,000 people to a one in 10,000 risk, one of them will get cancer. If  you expose 10 million people to that dose, 1,000 will get cancer. There  are more than 30 million people in the Tokyo metropolitan area.&lt;/p&gt; &lt;p&gt;To understand the danger of low levels of radiation exposure, consider several factors.&lt;/p&gt; &lt;p&gt;First, the total dose is the most important factor, not the dose per  hour. When you get an X-ray, you&#39;re exposed to a one-time burst of  radiation. If you work for 10 hours in a spot where the radiation level  is 1 millisievert &lt;em&gt;per hour&lt;/em&gt;, your dose is 10 millisieverts, and the dose goes up the longer you stand there.&lt;/p&gt; &lt;p&gt;Second, there&#39;s a big difference between external and internal  radiation. If you&#39;re standing in a spot where you&#39;re exposed to external  radiation, that exposure ends as soon as you move away. But if you  ingest or inhale a radioactive particle, it continues to irradiate your  body as long as it remains radioactive and stays in your body.&lt;/p&gt; &lt;p&gt;Further, if you ingest radioactive particles, the dose isn&#39;t spread  evenly over your entire body. It concentrates where the particles lodge.  The average total body dose may be relatively low, but the dose at the  site may be large enough to damage that tissue and cause cancer.&lt;/p&gt; &lt;p&gt;That&#39;s why the radiation being found in Japan in spinach, milk, and  other food--as well as water--is so worrisome. If consumed, it will  create ongoing radiation exposure and increase the risk of cancer.&lt;/p&gt; &lt;p&gt;A large majority of the hundreds of thousands of cancer cases that  have occurred in the former Soviet Union because of the Chernobyl  catastrophe were caused by people eating radioactively contaminated  food.&lt;/p&gt; &lt;p&gt;Finally, it makes a big difference who gets irradiated. Children are  much more vulnerable than adults. If a fetus is exposed to only 10 mSv  in utero, his or her risk of getting cancer by age 15 doubles. So it&#39;s  particularly dangerous when children or pregnant women consume  radioactive food or water.&lt;/p&gt; &lt;p&gt;Reports indicate that the total radioactive releases in Fukushima  have been relatively small so far. If this is the case, then the health  effects will be correspondingly small. But it&#39;s not &quot;safe&quot; to release  this much radiation. Some people will get cancer as a result. Most  importantly, we don&#39;t know at this point how much more radiation there  will be.&lt;/p&gt; &lt;p&gt;That’s why the U.S. government has said that people shouldn&#39;t be allowed within 50 miles of the plant.&lt;/p&gt; &lt;p&gt;If a comparable accident were to occur at the Indian Point nuclear  reactors 24 miles north of New York City, 17 million people would need  to evacuate. That&#39;s something to think about when we&#39;re told everything  is OK at our nuclear plants.&lt;/p&gt;    &lt;div class=&quot;bio&quot;&gt;&lt;p&gt;Dr. Ira Helfand is an internist and a member of the board of Physicians for Social Responsibility. ww.psr.org&lt;/p&gt;&lt;/div&gt;</description><link>http://daisyhwku.blogspot.com/2011/04/unsafe-at-any-exposure-otherwords.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-4172874048320186311</guid><pubDate>Sun, 17 Apr 2011 12:59:00 +0000</pubDate><atom:updated>2011-04-17T06:04:15.458-07:00</atom:updated><title>The battle of chenobyl</title><description>The battle of &lt;span class=&quot;blsp-spelling-error&quot; id=&quot;SPELLING_ERROR_0&quot;&gt;chernobyl&lt;/span&gt; &lt;span class=&quot;blsp-spelling-corrected&quot; id=&quot;SPELLING_ERROR_1&quot;&gt;shows&lt;/span&gt; that the &lt;span class=&quot;blsp-spelling-error&quot; id=&quot;SPELLING_ERROR_2&quot;&gt;Fukushima&lt;/span&gt; catastrophe could take years to clean up.&lt;br /&gt;http://www.youtube.com/watch?v=yiCXb1Nhd1o</description><link>http://daisyhwku.blogspot.com/2011/04/battle-of-chenobyl.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-602052686705143235</guid><pubDate>Sun, 17 Apr 2011 11:37:00 +0000</pubDate><atom:updated>2011-04-17T04:42:58.901-07:00</atom:updated><title>800,000 people could contract cancer if not moved out of Fukushima</title><description>Dr. Chris Busby, a British scientist, predicts some 800,000 people  out of about 8 million who live within 200 kilomters of the Fukushima nuclear plants will  contract cancer if they are not moved out. http://www.infowars.com/fukushima-exposure-levels-going-up-everywhere/</description><link>http://daisyhwku.blogspot.com/2011/04/800000-people-could-contract-cancer-if.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-5704760460547380719</guid><pubDate>Fri, 08 Apr 2011 07:47:00 +0000</pubDate><atom:updated>2011-04-08T00:48:28.652-07:00</atom:updated><title>Japan crisis forces rethink of the nuclear option</title><description>&lt;div class=&quot;storyHead&quot;&gt;    &lt;h1&gt;The Telegraph April 8, 2011&lt;br /&gt;&lt;/h1&gt;     &lt;h2&gt; The reactor meltdown at Fukushima has forced the energy industry to reconsider    its investment priorities.  &lt;/h2&gt;  &lt;/div&gt; &lt;div class=&quot;oneHalf gutter&quot;&gt;     &lt;div class=&quot;story&quot;&gt;      &lt;div id=&quot;storyEmbSlide&quot;&gt;    &lt;div class=&quot;slideshow ssMain&quot;&gt;     &lt;div class=&quot;nextPrevLayer&quot;&gt;        &lt;div style=&quot;display: block;&quot; class=&quot;ssImg&quot;&gt;          &lt;img src=&quot;http://i.telegraph.co.uk/multimedia/archive/01852/nuclear-protest_1852484c.jpg&quot; alt=&quot;Anti-nuclear activists in Bulgaria protest in Sofia in reaction to the dramatic situation at the Fukushima nuclear facility in Japan. They want the government to scrap plans to build second nuclear plant near Belene.&quot; width=&quot;460&quot; height=&quot;287&quot; /&gt;          &lt;div class=&quot;artImageExtras&quot;&gt;                     &lt;div class=&quot;ingCaptionCredit&quot;&gt;            &lt;span class=&quot;caption&quot;&gt;Anti-nuclear activists in Bulgaria  protest in Sofia in reaction to the dramatic situation at the Fukushima  nuclear facility in Japan. They want the government to scrap plans to  build second nuclear plant near Belene.&lt;/span&gt; &lt;span class=&quot;credit&quot;&gt;Photo: AFP&lt;/span&gt;&lt;/div&gt;                &lt;/div&gt;         &lt;/div&gt;        &lt;/div&gt;         &lt;/div&gt;   &lt;/div&gt;     &lt;div class=&quot;cl&quot;&gt; &lt;/div&gt;  &lt;div class=&quot;byline&quot;&gt;   &lt;span class=&quot;bylineBody&quot;&gt;By Josephine Moulds&lt;/span&gt;          &lt;span class=&quot;publishedDate&quot;&gt;9:00PM GMT 19 Mar 2011&lt;/span&gt;      &lt;p class=&quot;comments&quot;&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/finance/newsbysector/energy/8392636/Japan-crisis-forces-rethink-of-the-nuclear-option.html#disqus_thread&quot;&gt;16 Comments&lt;/a&gt;    &lt;/p&gt;   &lt;div class=&quot;cl&quot;&gt; &lt;/div&gt;  &lt;/div&gt;  &lt;div id=&quot;mainBodyArea&quot;&gt; &lt;div class=&quot;firstPar&quot;&gt;&lt;p&gt; With the eyes of the world watching, Japanese soldiers and workers continue to    battle to keep the six nuclear reactors at Fukushima from meltdown.  &lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;secondPar&quot;&gt; &lt;p&gt; The most technologically advanced nation in the world has been forced to    resort to using police water cannons and buckets of water hurled from    helicopters to cool exposed fuel rods. Authorities admit they may have to    bury the plant in sand and concrete to prevent a catastrophic release of    radiation.  &lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;thirdPar&quot;&gt; &lt;p&gt; The frightening situation is far from resolved, but the crisis has already    sent shockwaves through global energy markets.   &lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;fourthPar&quot;&gt; &lt;p&gt; The dangers of nuclear power have been thrown into the spotlight – halting    building projects all over the world; while the third largest economy in the    world is desperately importing fossil fuels just to turn the lights back on    after the earthquake ripped through the power supply, leaving 1.3 million    people without electricity.  &lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;fifthPar&quot;&gt; &lt;p&gt; In the short term, the need for energy has dropped as factories sit idle and    there is little movement around the country.  &lt;/p&gt;&lt;/div&gt;  &lt;div class=&quot;related_links_inline&quot;&gt;    &lt;div class=&quot;headerOne styleThree&quot;&gt;&lt;h2&gt;&lt;span&gt;Related Articles&lt;/span&gt;&lt;/h2&gt;&lt;/div&gt;      &lt;ul&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/news/worldnews/asia/japan/8393018/Japan-nuclear-crisis-Fukushima-Fifty-cut-off-from-family.html&quot;&gt;Japan nuclear crisis: &#39;Fukushima Fifty&#39; cut off from family&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;19 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/news/worldnews/asia/japan/8391581/Japan-still-racing-against-the-clock-to-prevent-nuclear-meltdown-at-Fukushima.html&quot;&gt;Japan still &#39;racing against the clock&#39; to prevent meltdown&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;18 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/earth/earthcomment/geoffrey-lean/8392025/A-nuclear-future-proceed-with-caution.html&quot;&gt;A nuclear future – proceed with caution&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;18 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/news/worldnews/asia/japan/8390944/Japan-nuclear-crisis-Fukushima-50-fight-nuclear-fallout-covered-in-duct-tape.html&quot;&gt;Fukushima 50 fight nuclear fallout covered in duct tape&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;18 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/news/worldnews/asia/japan/8390601/Japan-nuclear-crisis-Obama-defends-US-evacuation-order.html&quot;&gt;Obama defends US evacuation order&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;18 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/earth/earthcomment/geoffrey-lean/8388791/Japan-nuclear-plant-all-over-the-world-an-industry-with-failings.html&quot;&gt;All over the world, an industry with failings&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;18 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;/ul&gt;   &lt;/div&gt;  &lt;div class=&quot;body&quot;&gt; &lt;p&gt; But that will change rapidly as the reconstruction effort begins. Leo Drollas,    chief economist at the Centre for Global Energy Studies, says: “Imagine all    the girders needed to rebuild houses, cement for the flyways that have been    destroyed, shipping fleets rebuilt, steel going into the trawlers.” &lt;/p&gt; &lt;p&gt; Japan has shut down 11 nuclear reactors in four different power plants. With    talk of burying the Fukushima plant, it seems likely that at least six of    those are lost for good. The question then is, what will replace them?  &lt;/p&gt; &lt;p&gt; The country has more than 50 nuclear reactors – one in ten of the world’s    total – squeezed on to its geologically unstable, densely populated land    mass. Drollas says: “Obviously in Japan, there will be a major rethink.” &lt;/p&gt; &lt;p&gt; But it is not just Japan. German Chancellor Angela Merkel has already said she    will close seven of the country’s 17 nuclear plants; while China has put its    plans to build 110 new reactors on hold.  &lt;/p&gt; &lt;p&gt; Mark Lewis, head of energy research at Deutsche Bank, says: “The obvious    beneficiary of all of this is gas. If you want to build new power stations    with relatively low emissions, the advantage of gas is that it’s much    cleaner than coal, you can build it within three years, and it is ideal to    build in conjunction with renewable capacity.” &lt;/p&gt; &lt;p&gt; Gas works well as a back-up for alternative fuels such as wind or solar,    because its output can be altered quickly as levels of renewable output    change. &lt;/p&gt; &lt;p&gt; Liquefied natural gas prices shot up 15pc to peak on Wednesday, dropping back    slightly by the end of the week.  &lt;/p&gt; &lt;p&gt; Coal will also enjoy a renaissance if nuclear’s future is defined by the    ongoing Japanese situation, even though this could have disastrous effects    for the environment as coal emits one tonne of CO2 for every megawatt of    power that it generates, compared with nuclear, which emits no CO2.  &lt;/p&gt; &lt;p&gt; Subsequently the cost of carbon surged this week to its highest level since    2008.  &lt;/p&gt; &lt;p&gt; These prevailing forces will boost the market for renewable power. As fossil    fuels get more expensive, alternative energy needs less subsidies.  &lt;/p&gt; &lt;p&gt; But, argue nuclear advocates, the world cannot build renewable capacity fast    enough. Kevin McCullough, chief operating officer of RWE npower, the    German-owned company seeking to develop two nuclear power stations in the    UK, said: “We mustn’t forget about climate change, the impending UK energy    gap and the need to keep bills affordable. None of those challenges has gone    away.  &lt;/p&gt; &lt;p&gt; “No one source of energy can deliver all that, even if you take the most    optimistic view of energy efficiency gains. The country needs new nuclear as    part of its mix and we must focus on delivering that with safety as  the    priority.” &lt;/p&gt; &lt;p&gt; Safety is, of course, the sticking point. Nuclear power was only just emerging    from the shadow cast by the catastrophic explosion in Chernobyl in 1986. Now    Fukushima has given critics the ammunition they need to urge governments to    halt their nuclear ambitions. Although this crisis has been much less severe    than Chernobyl, commentators say it is worse for the industry as it happened    at a modern reactor in a first world country.  &lt;/p&gt; &lt;p&gt; Barclays commodity analysts said the Japanese nuclear plants were constructed    with an extremely high level of technological sophistication to withstand    earthquakes, with safety mechanisms including a tsunami wall.  &lt;/p&gt; &lt;p&gt; In response to these safety concerns, the Nuclear Industry Association (NIA)    came out fighting. NIA spokesman John Mcnamara said: “Effectively that power    station shut down safely. When the earthquake struck, the station shut down    and the safety systems kicked in. Obviously there are going to be learning    points about the strength of the tsunami .”  &lt;/p&gt; &lt;p&gt; Around the world, governments have ordered reviews of nuclear programmes, to    “learn the lessons” from the crisis at the Fukushima nuclear plant in Japan.  &lt;/p&gt; &lt;p&gt; In the UK, Liberal Democrat Energy Minister Chris Huhne commissioned a report    from chief nuclear officer Mike Weightman.  &lt;/p&gt; &lt;p&gt; The UK has 10 existing power stations, nine of which are scheduled to close by    2023. The previous Labour-led Government committed in 2006 to building a new    generation of plants and eight sites have so far been shortlisted for    replacement. But final investment decisions have not yet been made. As    Deutsche’s Lewis points out: “No-one is close to the stage where they can    start pouring concrete into the ground . This is going to push the timeframe    back further still.” &lt;/p&gt; &lt;p&gt; He says it is inevitable that the cost of nuclear power will go up. “The    amount of capital investment required to build a nuclear power station to    the level needed for public confidence will be greater. And the perceived    risk will go up, so the cost of financing [it] will go up. On an economic    level it makes nuclear less competitive.” &lt;/p&gt; &lt;p&gt; Funding a nuclear power station is particularly risky in the UK, where the    energy market has been liberalised.  &lt;/p&gt; &lt;p&gt; “All the nuclear power stations in the UK were built before electricity    markets were liberalised,” says Lewis. “You would expect to recover your    cost because [of] the price of electricity . Liberalisation changes the game    completely.” &lt;/p&gt; &lt;p&gt; Chris Huhne, energy and climate change secretary, has admitted there is an    “ongoing potential risk” that investors will lose appetite for nuclear power    in the UK following the crisis.  &lt;/p&gt; &lt;p&gt; Anecdotal evidence suggests his fears may be realised. Gerard Reid, cleantech    research analyst at investment bank Jefferies, says: “From the investor    community, the energy funds I am speaking to, not alternative energy funds    but funds who have had complete &#39;360s’ on this and were pro-nuclear, they    have gone anti-nuclear.” &lt;/p&gt; &lt;p&gt; The Japanese crisis will also buffet Huhne’s planned electricity market    reform, which he has called the biggest shake-up of the industry since  the    1980s. &lt;/p&gt; &lt;p&gt; The energy White Paper due in late spring is expected to drive towards a much    more open market. Drollas says: “This might make people reconsider whether    market solutions have to be pursued at all costs.” &lt;/p&gt; &lt;p&gt; In Germany, which receives 23pc of its electricity from nuclear, the situation    is even more acute. The German nuclear power industry has been at the centre    of a raging political debate for decades. Last year,  &lt;/p&gt; &lt;p&gt; Chancellor Merkel’s government took the controversial decision to extend the    life of Germany’s nuclear power plants by 12 years.  So it was a major shock    when she announced the closure of the oldest reactors this week, ordering a    three-month review of the other 10 remaining plants.  &lt;/p&gt; &lt;p&gt; Further afield, President Barack Obama has ordered a comprehensive review of    domestic nuclear plants.  &lt;/p&gt; &lt;p&gt; In Asia, the picture is mixed. China is currently the world’s biggest builder    of nuclear reactors, driving government plans forward without the lengthy    consultation required in democratic countries.  &lt;/p&gt; &lt;p&gt; It, however, appears cowed by the events in Japan, with the Chinese State    Council decreeing: “We will temporarily suspend approval for nuclear power    projects, including those that have already begun preliminary work, before    nuclear safety regulations are approved.” &lt;/p&gt; &lt;p&gt; India, on the other hand, remained firm in its nuclear ambitions. The country    of one billion people aims to generate 63GW of nuclear power by 2032,    compared with the less than 5GW it generates today.  &lt;/p&gt; &lt;p&gt; Until the situation in Fukushima stabilises, the global reaction will keep    changing. But already the face of energy markets has changed, possibly for    good. &lt;/p&gt; &lt;/div&gt; &lt;/div&gt;&lt;/div&gt;    &lt;/div&gt;</description><link>http://daisyhwku.blogspot.com/2011/04/japan-crisis-forces-rethink-of-nuclear.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-3188453739458084363</guid><pubDate>Wed, 16 Mar 2011 16:21:00 +0000</pubDate><atom:updated>2011-03-16T09:22:18.323-07:00</atom:updated><title>前核電廠技師的瀝血控訴</title><description>&lt;p&gt;設施配管1級技士平井憲夫(1997年1月因癌症逝世)&lt;/p&gt;  &lt;p&gt;生前的最後吶喊。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;我 不是反核運動家。這20年來，我一直在核電廠工作。社會上有聽不完的擁核反核理論，但我只想在這裡告訴大家：「所謂的核電廠是這樣一回事。」大部份的人都 不知道核電內部的實際情形。希望大家有耐心把這篇文章讀完。所謂核電，跟各位所想的或許有點出入。在那裡，每天都有遭受放射線污染的工人，以及嚴重的岐視 產生。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;我的專長，是負責大型化學工場的內部配管施工與維修。快30歲時，日本掀起了一陣核電建設的風潮。核電內部有錯綜複雜的配管，正好是我發揮專長的大好舞台。因此我被核電製造商挖角，長期擔任工程現場的監督人員，一晃眼就過了20年。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「安全」是紙上談兵&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;1995   年1月發生阪神大地震。地震隔天我到了神戶，看到傾倒的新幹線與斷裂的高速公路。不禁發起一陣省思。因為這些公共建設實在與核電廠有太多相似點。大家或許 認為，核電、新幹線、高速公路這些攸關人命的建設，平日應該受到政府嚴格控管。但是看到倒下的高架支柱，不是混凝土裡夾雜著施工初期的定型木片，不然就是 焊接處焊的亂七八糟。為什麼會發生這些事呢？這不僅僅是施工單位的不用心，其實問題的本質，是我們都太過於注重「理論上的安全」了。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「素人造核電」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;核電廠裡面，鐵絲掉進原子爐、工具掉進配管裡卡住的人為疏失可說是層出不窮。為什麼會這樣？&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;因為工程現場裡「有真功夫的師父」實在是太少了。不管核電設計有多完美，實際施工卻無法做到與原設計一模一樣。&lt;/span&gt;&lt;/strong&gt;核電的藍圖，總是以技術頂尖的工人為絕對前提，做出不容一絲差錯的完美設計。但卻從來沒有人討論過，我們的現場人員到底有沒有這種能耐。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;早 期的工地，總是會叫經驗老道的老師父來做「班長」。他們比那些年輕的監督人員有經驗，並注重名譽，不允許錯誤發生在自己手上。但現在，老師父已幾近凋零。 建設公司在徵人廣告上以「經驗不拘」做為求才條件。這些沒經驗的素人，不知道核能事故的可怕，也不知道自己負責的部位有多重要。&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;東京電力的福島核電，曾因鐵絲掉進原子爐，差點發生席捲世界的重大事故。&lt;/span&gt;&lt;/strong&gt;把鐵絲弄掉的工人知道自己犯了錯，卻完全無法想像這個錯會造成如此可怕的事故。這就是現在核電現場的實際狀況。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;老師父一個接一個退休了。建商也查覺到這件事。因此把工程圖盡量分割簡化，做出連菜鳥也看的懂的製造手冊。菜鳥們在現場有如堆積木般地組裝各種零件。他們不知道現在到底在作什麼，也不能理解這個部份有什麼重要性。這就是核電廠事故頻傳的原因之一。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;核電廠因為有幅射的危險性，很難在現場培育人材。電廠的作業現場既暗又熱，又必須穿戴防護衣罩，作業員彼此無法直接做語言溝通，這該怎麼把技術傳給新人呢？&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;更何況技術越好的師父，就代表他進入高汙染區的頻率越高。他們很快就會超過規定的放射能曝晒量，無法再進核電廠作業。所以菜鳥工才會越來越多。&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;再舉配管的焊接師父來說吧！專業的焊接工，通常年過三十後眼睛就會不堪使用，無法完成一些細膩的工作。所以需要許多細膩作業的石油廠就不會再雇用這些工人。這些人為了生計，只好去願意雇用他們的核電廠工作。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;大家或許都會錯意了。以為核電廠是多麼高科技的先端產物。核電不像各位想的這麼高級。這些菜鳥做的核電廠，日後必會為我們帶來無窮的災難。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「徒有虛名的檢查官」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;好， 或許有人會說就算核電真的都是素人蓋的，那好好監督它總行了吧。我想跟各位說明，監督系統才是核電更大的問題。真正的檢查，是檢查官指出有問題的部分說： 「你這裡焊接黏的不好，來，我來教你怎麼黏。」這樣才叫檢查。但檢查官通常都沒有真功夫。他們只會讀著整理完善的報告書，聽著建商的精彩報告，看著漂漂亮 亮的場地，表面沒什麼大問題就判定合格。這就是核電監督的真相。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;以前在外演講時，曾經有一位技術官員在場告白： 「說來很慚愧。我們的部門害怕去核電檢查會遭幅射污染，所以從不派自己人去現場檢查。總是找些農業部的職員去監督。昨天在教人養蠶、養魚的人，隔天就被派 去當核電檢查官了。福井縣美濱核電廠的檢查總長，在上任之前是個負責檢查稻米的。」這些由素人發出運轉許可的核電，真的能信賴嗎？&lt;/p&gt;  &lt;p&gt;東京 電力的福島核電廠發生緊急爐心冷卻系統(ECCS)的重大事故時，負責監督該座核電的檢查總長竟然透過隔天的報紙才知道這件事。這件事還被媒體以「核電重 大事故，檢查官被矇在鼓裡」為標題大肆報導。其實也不能怪電力公司。在十萬火急的事故現場，排除事故都來不及了，誰還有空去向一個什麼都不懂的三歲小孩說 明現在的狀況呢？所以他們不會把檢查官放進現場，所以官員永遠是狀況外。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;檢查官不說OK，工程就無法進行。他們什 麼都不懂，只懂的看表面，卻又擁有太大權限。我還在職的時候，就一直呼籲政府必須組織一個完全獨立的第三者機關，找些有真功夫的配管或機械組裝的老師父來 當檢查官，他們一眼就能看穿哪裡有焊接不良或偷工減料。但是講了再講，政府的政策卻依然沒有改變。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「定期保養也是素人」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;核能機組每運轉一年，就必須停機做定期保養。因為原子爐會產生高達150的氣壓，攝氏300度的蒸氣及熱水，這些熱水氣會使配管的管壁或汽門嚴重磨耗。因此必須定期更換。但這些作業卻使工人遭受幅射污染。&lt;/p&gt;  &lt;p&gt;核電廠插入燃料棒後，只消運轉一次，內部就會充滿放射性物質。進入現場時，工人必須脫掉所有的衣物，換上防護衣才能進場。防護衣的作用並不是保護工人，而是確保放射線不被帶出核電廠。因為測量工人身體幅射劑量的儀器竟是佩戴在防護衣裡面，而不是外面！&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;包 圍在重重護具底下的工人們，必須在畏懼輻射污染的高度心理壓力下工作。在這種環境下絕對無法維持好的作業品質。就拿最最基本的鎖螺絲來講；我在作業前一定 會告誡工人：「鎖對角才會緊，輻射才不會外洩。」但是他們的工作場域是布滿輻射的高度危險區，進去以後不消幾分鐘，佩帶在身上的輻射測量儀就會發出高分貝 的響鈴，警告工人必須立刻退場。在進入現場前，我們雖會告知工人今天這個區域能待幾分鐘。但是現場並沒有時鐘，工人也因為輻射污染問題，無法自行攜帶手錶 進去。大家都想在警鈴響起前趕快離開。整個心就掛念著現在到底過了幾分鐘？警鈴是不是要響了？管他什麼螺絲要鎖對角，反正有鎖上去就好了。&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;人在這種環境下絕對無法精確工作，但你想這會帶來什麼後果呢？&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「放射能被直接排入大海」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;核電的定期保養大都在冬季。保養結束後，幾十噸的放射性廢水會被直接排入大海。而在平常運轉時，也會有每分鐘數十噸單位的大量廢熱水被排進海洋。但政府或電力公司卻總是滿口保證核電絕對安全，久而久之國民也對核電造成的環境影響變的莫不關心。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;工人穿過的防護衣必須用水清洗，這些廢水皆全數排入大海。排水口的放射線值高的不像話，而漁民卻在那附近養魚。如果我們不正視這個問題，放任核電廠越蓋越多的話，後果實在不堪設想。&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「體內的幅射污染最可怕」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;核島區內的所有東西都是放射性物質。每個物質都會釋放傷害人體的放射能，當然連灰塵也不例外。如果是身體表面沾上放射性物質，沖洗乾淨就沒事。但如果是經由口鼻吸入體內的話，將對人體帶來數倍的危險性。負責打掃核島區的清潔工，通常是最高危險群。&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;進入體內的放射性物質，通常在3至5天內會隨著汗水或小便排出身體。但這些物質在體內循環的過程會對人體帶來打擊；更何況它們並不會百分之百排出體外。長年累積下來的放射能將會帶來疾病。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;有去參觀過核能設施的人，應該都看過核電內部打掃的一塵不染的情形。電力公司的職員總是得意的說：「核電廠既漂亮又乾淨！」這是理所當然的事情。放任灰塵飛散的話可是會擴大幅射污染呀！&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;我遭受了100次以上的體內幅射污染，最後得了癌症。&lt;/span&gt;&lt;/strong&gt;我曾經畏懼即將到來的死亡。但我的母親鼓勵我，沒有比死更可怕的事情。因此我決定在死前站出來，把我知道的真相全部公諸於世。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「截然不同的作業環境」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;放 射能無論有多微量，都會長期累積在人體。但所謂的放射線健康管理，卻規定一年的曝晒量不超過50mSv就好。這是一件相當可怕的事情。因為我們依據這個量 除以365天，算出一天可被曝晒的劑量。按照這個算法，核島區內的一些高污染區，一天只能進去5到7分鐘。但這麼短的時間根本無法完成工作。所以我們會要 求工人一口氣曝晒三個禮拜到一個月的量，以順利完成工作。我們根本沒料到這短短的十幾二十分，會為我們帶來白血病或癌症等疾病。電力公司完全不告訴我們這 些事情。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;還記得有一次，運轉中的核電機組裡有一根螺絲鬆了。核電運轉中排出的輻射量相當驚人。為了鎖這根螺絲，我 們準備了三十個人。這三十人在離螺絲七公尺遠的地方一字排開，聽到「預備，跑！」的號令後輪番衝上去鎖，一到那裡只要數三下，計量器的警鈴就會嗶嗶響起。 時間實在太過緊迫，甚至有人衝上去後找不到扳手警鈴就響了。這個螺絲才鎖三轉，就已經花費了160人次的人力，400萬日幣的費用。或許有人會覺得奇怪，&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;為什麼不把核電廠停起來修理？因為核電只要停一天就會帶來上億元的損失。電力公司才不會做這種虧本的事。在企業眼中，金錢比人命重要。&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;長達五小時的「絕對安全」教育&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;第 一次在核電廠上班的工人，必須接受約五小時的放射線管理課程。這個課程最大的目的就是解除內心的不安。他們絕不會說核電廠到底有多危險，只會一再強調有政 府嚴格管理，一切安心這些話。「社會上有一些反核份子很愛說輻射會帶來白血病或癌症等疾病，但那全部都是謊言，那些人都是騙子。你只要遵守政府的規定就不 會有問題。」諸如此類的洗腦教育將持續約五小時。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;當然不只限於核電內部，電力公司也常在社區內推廣這種「核電絕對安全」的教育。他們有時邀請有名人來演講，有時透過料理教室等等的文化活動宣傳，有時是把圖文並茂的精美文宣夾報。久而久之人們慢慢就會被洗腦，變成只會擔心「沒了核電，我們將無電可用」。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;這二十年來，我以現場負責人的身分，為新進員工執行這個更勝於奧姆真理教的洗腦教育。自己都不知道自己殺了多少人。核電工人總是對核電安全自信滿滿，就算身體狀況變差，也不認為與核電有關。&lt;span style=&quot;color:#000080;&quot;&gt;&lt;strong&gt;因為他們從不知道放射能的真正恐怖。每個工人，每一天都持續遭受輻射污染。而負責人的任務就是隱瞞這些事情，不讓本人或外界知道這些資訊。&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p&gt;&lt;strong&gt;&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;我長年從事這種工作，壓力日積月累，只能依賴酒精慰藉，而且每晚越喝越兇。我也常捫心自問，自己到底為了誰，為了什麼，每天要過這種充滿謊言的日子？一晃眼過了20年，終於連自己的身體也被輻射侵蝕的破碎不堪。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「核電廠出事時，誰要去救？」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;有 一次，東京電力的福島核電廠內，有一名工人不慎割破額頭大量失血。因為情況危急，非馬上送醫不可。慌忙的電力公司職員立刻叫來救護車，卻忘記他剛從高污染 區出來，全身上下都是放射能，連防護衣都沒脫。趕來急救的醫護人員也缺乏知識，不做任何清洗就把病人直接送往醫院。結果所有接觸到他的醫生、護士都受到輻 射污染，連救護車、病床等東西也不例外。整個村落差點陷入大恐慌。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;大家看到重傷病患時會下意識地去搶救，無色無臭無味的放射能容易被人忽略。光是一個人就搞的天翻地覆了。&lt;span style=&quot;color:#000080;&quot;&gt;&lt;strong&gt;如果核電廠發生大事故，大批居民遭到輻射污染時，誰要去救他們？這絕不是別人家的事，而是全國國民必須共同思考的問題。&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「令人震驚的美濱核電廠事故」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;核 電事故往往被有意無意的忽略。大家都知道三浬島跟車諾比事件，卻不知道日本一直持續發生重大核安事故。其中我印象最深刻的，是1991年發生在關西電力美 濱核電廠的細管破碎事故。原子爐中含有放射性的冷卻水，因為細小的配管破碎而外洩到海裡，只差0.7秒，失去冷卻的原子爐就要像車諾比一樣暴衝了。幸好值 班的是個老經驗的職員，他當機立斷，手動開啟ECCS(緊急爐心冷卻裝置)，避免了一場大慘劇。要知道，ECCS是核電廠的最後一道防線。使用ECCS系 統阻擋下來的美濱核電廠事故，可說是一台載著日本一億人口的大巴士，在高速公路以一百公里以上的速度狂奔，踩煞車也不靈，拉手煞車也擋不住，最後撞上懸崖 才總算把車子停下來的一場大事故。我只能說日本人，喔不，是世界上的人們太幸運了。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;最後調查時才發現，原來是一組 零件在事故發生時未能及時插入機組，導致原子爐在高溫攀升的情形下沒有自動停機。這是施工上的失誤。但卻從來沒有人發現，這座已運轉二十年以上的機組擁有 這個致命缺失。這也代表當初建設時根本沒按照原設計施工。太長的就切掉，太短的就硬拉，這些設計師意料不到的事情，卻在工程現場理所當然的發生，也導致核 電事故層出不窮。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「文殊試驗爐的大事故」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;使用全鈽的高速增 殖試驗爐─文殊(Monjyu)，在1995年發生液態鈉外洩火災的重大事故。(譯註：高速增殖爐使用鈽做為核燃料。鈽為核分裂時產生之放射性物質，不存 在於自然界，具猛毒致癌性。其原子分裂時能產生巨大能量，故適用於製作核子彈。普通的核電廠已純水做冷卻液，但高速增殖爐卻必須使用危險性極高的液態鈉才 能達到冷卻效果。文殊爐在該事故發生後停擺了約15年。雖於2010年成功重啟試運轉。卻在稍後發生原子爐內上方的巨大零件脫落，直擊爐心的事故。因為爐 內已受高度輻射污染，取出該脫落零件可說是難上加難。爐心內部的損傷情形也無法掌握，該爐至今前途未卜。)&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;這不是該爐第一次發生事故。其實從施工期開始，就一直事故頻傳。因為所長跟現場監工、裡面的師父都是我以前的手下，發生什麼事情都會找我商量。我雖然已經辭職了，卻又害怕核電出事會造成無法彌補的慘劇，結果在施工時期前後跑了六趟文殊爐。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;有 一次他們打電話來說：「有一根配管無論如何就是裝不下去，可不可以請你來看看。」一去後發現該配管完全符合原設計尺寸，周圍的零件也都安裝的好好的，卻怎 麼也裝不進去。後來想了一陣子才恍然大悟。文殊爐由日立、東芝、三菱、富士電機等廠商共同設計，而每家廠商的規格不同。打開設計圖後可以發現，日立的設計 圖把0.5mm以下的單位無條件捨去，而東芝和三菱卻是無條件進入，雖說是小小的0.5mm，幾百個地方加起來卻會變成相當大的誤差。這就是為什麼明明照 著圖面施工，卻怎麼也做不好的道理。最後沒辦法，只好叫他們全部重做。畢竟這座原子爐背負著日本國的威名，花點錢是必要的對吧？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;這座拼裝式的原子爐，會發生事故可說是理所當然。反倒是沒出事的話還比較不可思議。但是政府卻一再淡化事故的嚴重性。甚至把一些事故稱為「現象」。&lt;/span&gt;&lt;/strong&gt;有一次發生事故，電力公司在縣議會報告時，又不改陋習地說：「關於這次的現象…」，我氣的在台下對著縣議員大喊：「什麼現象？這個叫事故！事故！」在這種政府的領導之下，也難怪國民對核電的危機感越來越低。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「日本的鈽變成法國核武？」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;尚無能力做核燃料再處理的日本把用畢核燃料送到法國處理，提煉出具高度危險性的鈽。預計在文殊爐使用的鈽為1.4噸，而長崎核爆的那顆原子彈卻僅含鈽8公斤。請各位想想，文殊的鈽能做多少顆原子彈？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;大 部分的日本人都不知道，1995年，法國把這些來自日本的鈽挪用去南太平洋做核爆試驗。也有更多人不知道，再處理費用是法日兩國交易額的第二大項目。日本 身為世界上唯一一個遭受核爆侵襲的國家，口口聲聲高喊反對核武，卻允許自國的核廢料變成核武，為大溪地的人民帶來輻射災難。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;美、英、德各國都早已因安全考量及經濟問題，中止所有的高速增殖爐研究計畫。其中德國更是把已經建設好的原子爐改建成遊樂園，為當地帶來新氣象。世界各國都認為鈽不能拿來發電，卻只有日本仍堅持繼續開發文殊爐。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;為什麼日本要這麼固執？因為這個國家的政府缺乏中止一項錯誤政策的勇氣。就拿核能政策全體來說，&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;日本在剛開始發展核電時就一直沒有前瞻性的計畫，到現在過了幾十年，連廢棄物要丟哪都還不知道。而年輕人也漸漸地不再願意學者核工技術，造成人材嚴重斷層。&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;曾 任原子力局長的島村武久，在退休後寫了一本名為「原子力講義」的書說：「日本政府的核能政策只不過是在自圓其說。其實根本沒有電力不足的問題。不敢明言拒 絕美國的日本一口氣蓋了太多核電廠，搞的自己手上屯積了一堆鈾跟鈽，不知該如何是好。世界各國都在懷疑日本是不是想搞核武。政府為了證明自己的清白，只有 不得不蓋更多核電廠來消費這些燙手山芋。」這就是日本這個國家真正的面孔。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「無法廢爐也無法拆除的核電廠」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;日 本國內有許多老舊的核電廠，政府卻不知道處理方式，只能任由它們繼續運轉下去。原來充滿放射能的核電不是想關就能關，想拆就能拆。位於神奈川縣的武藏工業 大學裡面有一座100瓦的原子試驗爐。因為老舊不堪，造成輻射外漏而被停用。結果計算出來的修理費用是20億日幣，廢爐則要花上60億日幣，超過大學一整 年的預算。現在校方也只好把它放在那裡，等放射能衰退後才能著手整理了。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;普通的商業原子爐大都高達100萬瓦。真是令人莫可奈何。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「『關閉』，監視、管理」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;為 什麼原子爐無法輕易廢爐或拆除？因為核電機組內充滿大量的水蒸氣及冷卻水，如果停機後放著不管，水氣馬上會使機件生鏽，接著使金屬產生破洞，排放出放射 能。核電廠只要插入核燃料棒運轉過一次，整座核電廠就會變成一個大型放射性物體。廢爐、拆除，談何容易？就算是放機器人進去作業，它也會馬上因為放射能而 短路。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;span style=&quot;color:#000080;&quot;&gt;&lt;strong&gt;世界上有許多先進國家「關閉」國內核電廠。因為他們無法廢爐、拆除。只能「關閉」。所謂關閉核電廠，就是把發電機關掉，取出核燃料棒。&lt;/strong&gt;&lt;/span&gt;但真正的重頭戲從這裡開始。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;為了不讓機組內部的機件生鏽，造成輻射外洩。就算不再發電，也必須把水導入系統，維持機械運轉。當水壓造成配管磨損，或者零件毀損時也必須補修，以免輻射外漏。這些作業必須持續到核電內部的放射能完全衰退為止。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;電力公司真的會完善管理這些毫無經濟效益的廢核電廠嗎？他們重來不思考老舊核電廠的處理方式，只會一昧計畫增設新的核電廠。我不得不說這個國家真是瘋狂。日本國內即將到達年限的核電機組有幾十座。會為這些核電的去向感到恐懼的，難道只有我嗎？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「無去無從的放射性廢棄物」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;核 電廠運轉後，每天都會不斷地產生放射性廢棄物。這其中有所謂的低階核廢料，名稱雖為低階，但其中也有待在核廢桶旁五小時就有生命危險的劇毒物質。一開始電 力公司還把低階核廢料丟進海底。我在茨城縣東海核電廠上班時，那裡的業者就是把核廢料桶載上卡車，運到船上，最後丟進千葉外海。我常常想，這些鐵桶丟入海 裡後應該不到一年就會鏽蝕。裡面的核廢料不知道變怎樣了？附近的魚不知道會變怎樣？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;現在，日本把低階核廢全部拿去青森縣的六所村核燃基地存放。政府預計在那裡埋300萬桶核廢料，管理300年。但是誰能預料300年後這些鐵桶會變怎樣？300年後管理這些廢棄物的業者還存在嗎？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;&lt;span style=&quot;color:#000080;&quot;&gt;另 外一種是高階核廢料，也就是用過的核燃料棒，經過再處理過程抽取出鈽之後剩餘的放射性廢棄物。這些高階核廢料(液態)必須與玻璃一起固化，並封閉在堅固的 金屬容器裡。人類只要站在容器旁兩分鐘就會死亡。接著必須冷卻這些持續散發高熱的核廢料30至50年。等溫度降低後再把它埋入幾百公尺深的地底，存放1萬 年以上！也難怪世界各國都找不到高階核廢的最終存放場。&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;至於核電廠本身，在停機後也將變為一龐大的放射性廢棄物。如果想把核電拆除，就等於將出現高達數萬噸的放射性廢材。我們連一般的產業廢棄物都不知道要丟哪裡了，這些核廢料到底該怎麼辦？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;我在北海道演講時，曾提到核廢料必須管理50年，300年等等。那時有一個國中的小女生舉手發言：「你說什麼50年，300年這些話。結果做這些事的不是你們這些大人，全部都要我們，或是我們的孩子、孫子去做！我討厭這樣！」在場的大人，頓時啞口無言。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;「身受輻射污染恐懼與歧視的居民」&lt;/p&gt;  &lt;p&gt;「核電廠不會造成任何輻射污染」。這個謊言已經重複了幾十年。而如今，越來越多的證據讓核電集團無法再說謊下去。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;核電廠的高聳排氣管，一天24個小時持續排出放射能氣體。周圍的居民每天都遭到輻射污染。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;我 曾經收過一名23歲女性的來信。她說：「我離開鄉下去東京就職。後來遇到好對象，連婚都訂了。他卻忽然提說要分手。他說他很喜歡我，也很想跟我在一起。但 是他的父母告訴他，我是在福井縣敦賀那邊長大，那裡有很多核電廠，聽說住核電廠附近的人生小孩容易得白血病，他們怕自己的孫子也這樣，所以不准我們結婚。 我到底是做了什麼壞事，要受到這樣對待呢？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;請你想想，如果有一天，你自己的孩子跟核電廠附近的居民談戀愛，你能衷心地祝福他們嗎？核電廠衍生出來的歧視就在我們週遭。擔心核電發生事故是一回事，就算不出事，這種歧視也會隨時蔓延在人們的意識裡。所以我厭惡核電，核能破壞的不只是環境，它連人的心也一起粉碎。」&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;最後我想說一件令我震驚許久的事情。這是我在北海道的泊核電廠附近的共和町演講時發生的事。今天講的話大家可以通通忘記，但請千萬記住接下來我要說的。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;span style=&quot;color:#000080;&quot;&gt;那一天的演講是在晚上舉辦，會場來了約三百人。有為人父母的，也有學校老師，連國中、高中生也來了。演講結束後我請聽眾發問，這時，有一個國二的女生邊流淚邊把手舉了起來：&lt;/span&gt;&lt;/p&gt;    &lt;p&gt;&lt;span style=&quot;color:#000080;&quot;&gt;「今天晚上聚集在這裡的大人們，全部都是裝著好人面孔的偽善者！我今天會來，就是要來看看你們這些大人到底長什麼嘴臉。特別是會來這種聚會的大人，你們平常最愛討論一些農藥問題、高爾夫球場問題、核電問題。說什麼一切都是為了孩子，說什麼你們努力在搞運動。&lt;/span&gt;&lt;/p&gt;  &lt;p&gt;&lt;span style=&quot;color:#000080;&quot;&gt;我住在核電廠附近的共和町，24小時都受到輻射污染。我看過書上寫，核電廠及英國的核燃料再處理工廠附近的小孩罹患白血病的機率很高。我是個女孩子，長大後想要結婚生小孩，你們說說，我以後生小孩沒問題嗎？」她邊哭邊說，在場的大人卻誰也答不出話。&lt;/span&gt;&lt;/p&gt;    &lt;p&gt;&lt;span style=&quot;color:#000080;&quot;&gt;「你們都說核電廠很可怕，那為什麼要等到核電廠都蓋好運轉了才在這邊告訴我們這些事？為什麼當初施工時不去拼命把它擋下來？現在泊電廠的二號機都已經開始運轉了，你們這些大人到底在幹什麼？就算沒電可用，我也討厭核能發電！」&lt;/span&gt;&lt;/p&gt;    &lt;p&gt;&lt;span style=&quot;color:#000080;&quot;&gt;「我真的不知道你們今天在這裡辦活動有什麼意義？如果我是大人，自己有小孩的話，我一定拼上這條命也要去把核電廠擋下來。」&lt;/span&gt;&lt;/p&gt;    &lt;p&gt;&lt;span style=&quot;color:#000080;&quot;&gt;「現在二號機也開始運轉了，我將遭到雙倍的輻射污染，但我不打算逃離自己的故鄉。」&lt;/span&gt;&lt;/p&gt;    &lt;p&gt;&lt;span style=&quot;color:#000080;&quot;&gt;這時我問：「妳有跟媽媽或老師講過妳的煩惱嗎？」她說：「我媽媽跟老師今天都在現場，但我沒跟她們講過。班上的女生都在談這個話題，我們都害怕自己將來結不了婚，生不了小孩。」&lt;/span&gt;&lt;/p&gt;    &lt;p&gt;這個問題，絕不僅只發生在政府規定的核災應變範圍五公里、十公里內。離核電廠50公里、100公里遠的地方，有數不清的國高中生們都抱持著類似煩惱。希望各位能意識到這件事情。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;「有核電就無法安心生活」&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;話說到這裡，各位應該對核電廠有了一個新的體認了是吧？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;車諾比事故已經是過去的事情。「想要維持都會生活機能，保障能源穩定，雖然有點危險，但我們需要核電廠。」尤其是住在大城市的人，更容易接受這種想法。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;但這種想法是國家及電力公司砸下大筆預算，努力推行「核電是核能的和平利用」「我們嚴格控管核電，絕對不會出事情！」「海島型國家缺乏資源，核能有絕對的必要性」等等洗腦教育的結果。事情的真相，永遠被隱瞞在檯面下。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;在座的各位都知道，核電廠出事不得了。那是不是不出事就沒問題了呢？什麼是核能的和平利用？只要有像我這樣罹患癌症的核電工人存在；只要有遭到歧視的周邊居民存在，核電就永遠稱不上是和平利用。&lt;/p&gt;  &lt;p&gt;再請各位想想那些需要看管上萬年的核廢料。管理核廢料也需要電力跟石油。到時能源的總使用量絕對超出核電所產生的能量。而且負責管理這些東西的不是我們，而是往後世世代代的子孫。這到底算哪門子的和平利用？&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;我想請求各位，每天一早起來，仔仔細細地端看自己的孩子或孫子的臉龐。再想想國家積極發展核電的政策到底有沒有問題？特別是位於地震帶的日本，不只核電廠事故，還必須提防大地震帶來的影響。再這樣下去，早晚會發生無可彌補的悲劇。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;因此我堅決反對繼續蓋新的核電廠。而運轉中的核電廠，也必須確實地逐一關閉。&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;只要有核電存在，真正的和平就不可能降臨於世界。請把美麗的地球留給孩子們吧！&lt;/p&gt;  &lt;p&gt; &lt;/p&gt;  &lt;p&gt;關於平井憲夫：&lt;/p&gt;  &lt;p&gt;1997   年1月逝世。設施配管1級技士，核電事故調查國民會議顧問，核電勞工救濟中心代表，北陸電力志賀核電廠停止訴訟原告特別輔佐人，東北電力女川核電停止訴訟 原告特別輔佐人，福島二號核電廠三號機運轉停止訴訟原告證人。「核電勞工救濟中心代表」在他仙逝後，因後繼無人關閉。&lt;/p&gt;</description><link>http://daisyhwku.blogspot.com/2011/03/blog-post.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-7542636085959552252</guid><pubDate>Mon, 14 Mar 2011 15:31:00 +0000</pubDate><atom:updated>2011-03-14T08:33:16.848-07:00</atom:updated><title>Nuclear Power in China</title><description>&lt;ul&gt;&lt;li&gt;&lt;strong&gt;Mainland China has 13 nuclear power reactors in operation,  more than 25 under construction, and more about to start construction  soon.&lt;/strong&gt; &lt;/li&gt;&lt;li&gt;&lt;strong&gt;Additional reactors are planned, including some of the  world&#39;s most advanced, to give more than a ten-fold increase in nuclear  capacity to at least 80 GWe by 2020, 200 GWe by 2030, and 400 GWe by  2050.&lt;/strong&gt; &lt;/li&gt;&lt;li&gt;&lt;strong&gt;China is rapidly becoming self-sufficient in reactor design and construction, as well as other aspects of the fuel cycle.&lt;/strong&gt; &lt;/li&gt;&lt;/ul&gt; &lt;p&gt;Most of mainland China&#39;s electricity is produced from fossil fuels  (80% from coal, 2% from oil, 1% from gas in 2006) and hydropower (15%).  Two large hydro projects are recent additions: Three Gorges of 18.2 GWe  and Yellow River of 15.8 GWe. Rapid growth in demand has given rise to  power shortages, and the reliance on fossil fuels has led to much air  pollution. The economic loss due to pollution is put by the World Bank  at almost 6% of GDP.&lt;sup&gt;&lt;a title=&quot;See Reference 1&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#References&quot;&gt;1&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;1&quot; name=&quot;1&quot;&gt;&lt;/a&gt; &lt;/p&gt; &lt;p&gt;Domestic electricity production in 2009 was 3643 billion kWh, 6.0%  higher than the 3450 billion kWh in 2008, which was 5.8% more than in  2007 (3260 billion kWh) and it is expected to rise to 3810 billion kWh  in 2010&lt;sup&gt;&lt;a title=&quot;See Note a&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Notes&quot;&gt;a&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;a&quot; name=&quot;a&quot;&gt;&lt;/a&gt;.  Installed generating capacity had grown by the end of 2010 to 962 GWe,  up 10.1% on the previous year&#39;s 874 GWe, which was 10.2% above the 2008  figure of 793 GWe&lt;sup&gt;&lt;a title=&quot;See Reference 2&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#References&quot;&gt;2&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;2&quot; name=&quot;2&quot;&gt;&lt;/a&gt;.  At the end of 2010, fossil fuelled capacity (mostly coal) reached 707  GWe, hydro capacity was 213 GWe (up 16.6 GWe in the year), nuclear  capacity was 10.8 GWe and wind capacity reached 31 GWe. Meanwhile,  investment in electricity dropped 8.5% to CNY 705 billion ($107 billion)  for the year. Capacity growth is expected to slow, reaching about 1600  GWe in 2020.&lt;/p&gt; &lt;p&gt;These capacity increase figures are all the more remarkable  considering the forced retirement of small inefficient coal-fired  plants: 26 GWe of these was closed in 2009 and 11 GWe in 2010, making 71  GWe closed since 2006, cutting annual coal consumption by about 82  million tonnes and annual carbon dioxide emissions by some 165 million  tonnes. China is well advanced in developing and deploying supercritical  and ultra-supercritical coal plants, as well as moving quickly to  design and deploy technologies for integrated (coal) gasification  combined cycle (IGCC) plants.&lt;/p&gt; &lt;p&gt;The grid system run by the State Grid Corporation of China (SGCC) and  China Southern Power Grid Co (CSG) is sophisticated and rapidly  growing, utilising ultra high voltage (1000 kV AC and 800 kV DC)  transmission. By 2020, the capacity of the UHV network is expected to be  some 300 GW, which will function as the backbone of the whole system,  having 400 GWe of clean energy sources connected, of which hydropower  will account for 78 GW, and wind power from the north a further  significant portion (wind capacity by 2020 is planned to be 100 GWe).  Also by 2020, operational transmission losses are expected to be 5.7%,  down from 6.6% in 2010. At the end of 2009, China had budgeted to spend  $600 billion upgrading its grid.&lt;/p&gt; &lt;p&gt;Among the main listed generators, Huaneng Power produced 203.5  billion kWh from its domestic plants in 2009, 10.2% up on 2008. Datang  Power produced 141.9 billion kWh, 12% up on 2008. Huadian Power produced  107.5 billion kWh, 6.75% above 2008. CPI Development produced 43.9  billion kWh, 2.0% above 2008 level.&lt;/p&gt; &lt;p&gt;While coal is the main energy source, most reserves are in the north  or northwest and present an enormous logistical problem – nearly half  the country&#39;s rail capacity is used in transporting coal. Because of the  heavy reliance on old coal-fired plant, electricity generation accounts  for much of the country&#39;s air pollution, which is a strong reason to  increase nuclear share. China recently overtook the USA as the world&#39;s  largest contributor to carbon dioxide emissions. The US Energy  Information Administration predicts that China&#39;s share in global  coal-related emissions will grow by 2.7% per year, from 4.9 billion  tonnes in 2006 to 9.3 billion tonnes in 2030, some 52% of the projected  world total. Total carbon dioxide emissions in China are projected to  grow by 2.8% per year from 6.2 billion tonnes in 2006 to 11.7 billion  tonnes in 2030 (or 28% of world total). In comparison, total US carbon  dioxide emissions are projected to grow by 0.3% per year, from 5.9  billion tonnes in 2006 to 7.7 billion tonnes in 2030.&lt;sup&gt;&lt;a title=&quot;See Reference 3&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#References&quot;&gt;3&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;3&quot; name=&quot;3&quot;&gt;&lt;/a&gt; &lt;/p&gt; &lt;p&gt;Electricity generation is only one part of China&#39;s rapid development;  roads, air transport and a 40,000 km high-speed rail system by 2015 are  others.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Nuclear power&lt;/p&gt; &lt;p&gt;Nuclear power has an important role, especially in the coastal areas  remote from the coalfields and where the economy is developing rapidly.  Generally, nuclear plants can be built close to centres of demand,  whereas suitable wind and hydro sites are remote from demand. Moves to  build nuclear power commenced in 1970 and about 2005 the industry moved  into a rapid development phase. Technology has been drawn from &lt;a title=&quot;Nuclear Power in France&quot; href=&quot;http://world-nuclear.org/info/inf40.html&quot;&gt;France&lt;/a&gt;, &lt;a title=&quot;Nuclear Power in Canada.&quot; href=&quot;http://world-nuclear.org/info/inf49a_Nuclear_Power_in_Canada.html&quot;&gt;Canada &lt;/a&gt;and &lt;a title=&quot;Nuclear Power in Russia&quot; href=&quot;http://world-nuclear.org/info/inf45.html&quot;&gt;Russia&lt;/a&gt;,  with local development based largely on the French element. The latest  technology acquisition has been from the USA (via Westinghouse, owned by  Japan&#39;s Toshiba) and France. The Westinghouse AP1000 is the main basis  of technology development in the immediate future.&lt;/p&gt; &lt;p&gt;By around 2040, PWRs are expected to level off at 200 GWe and fast  reactors progressively increase from 2020 to at least 200 GWe by 2050  and 1400 GWe by 2100.&lt;/p&gt; &lt;p&gt;Prior to 2008, the government had planned to increase nuclear  generating capacity to 40 GWe by 2020 (out of a total 1000 GWe planned),  with a further 18 GWe nuclear being under construction then. However,  government targets for nuclear power have been increasing. As of June  2010, official installed nuclear capacity projections were 70-80 GWe by  2020, 200 GWe by 2030 and 400-500 GWe by 2050.  &lt;em&gt;China Daily&lt;/em&gt; in January 2011 quoted a senior official projecting 86 GWe target in 2020.&lt;/p&gt; &lt;p&gt;In September 2010, the &lt;em&gt;China Daily&lt;/em&gt; reported that China  National Nuclear Corporation (CNNC) alone plans to invest CNY 800  billion ($120 billion) into nuclear energy projects by 2020. Total  investment in nuclear power plants, in which CNNC will hold controlling  stakes, will reach CNY 500 billion ($75 billion) by 2015, resulting in  40 GWe on line, according to CNNC. In order to fund the company&#39;s  expansion target, CNNC plans to list its subsidiary, CNNC Nuclear Power  Co Ltd in 2011, to attract strategic investors.&lt;/p&gt; &lt;p&gt;Hong Kong gets much of its power from mainland China, in particular  about 70% of the output from Daya Bay&#39;s 1888 MWe net nuclear capacity is  sent there. The Hong Kong government plans to close down its coal-fired  plants, and by 2020 to get 50% of its power from mainland nuclear, 40%  from gas locally and 3% from renewables. Hong Kong utility China Light  &amp;amp; Power has equity in CGNPC&#39;s Daya Bay and Yangjiang power plants,  and may take equity in a further CGNPC nuclear plant.&lt;/p&gt; &lt;p&gt;In January 2011 a report from the State Council Research Office  (SCRO), which makes independent policy recommendations to the State  Council on strategic matters, was published. While approving the  enormous progress made on many fronts, it cautioned concerning  provincial and corporate enthusiasm for new nuclear power plants and  said that the 2020 target should be restricted to 70 GWe of new plant  actually operating so as to avoid placing undue demand on quality  control issues in the supply chain. Another 30 GWe could be under  construction. It emphasised that the priority needed to be resolutely on  Generation-III technology, notably the AP1000 and derivatives. However,  ambitious targets to deploy AP1000s with reduced foreign input had  proved difficult, and as a result, more of the Generation-II CPR-1000  units are under construction or on order. Only China is building Gen-II  units today in such large numbers, with 57 (53.14 GWe) on the books&lt;sup&gt;&lt;a title=&quot;See Reference 4&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#References&quot;&gt;4&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;4&quot; name=&quot;4&quot;&gt;&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;SCRO said that reactors built today should operate for 50 or 60  years, meaning a large fleet of Gen-II units will still be in operation  into the 2070s, when even Gen-III reactors would have given way to  Generation-IV and perhaps even to commercial nuclear fusion. The country  should be &#39;careful&#39; concerning &#39;the volume of second generation units  under construction... the scale should not be too large&#39; to avoid any  perception of being below international standards of safety in future,  when most of the world&#39;s Gen-II reactors are retired. The SCRO noted the  100-fold increase in probabilistic safety brought by Gen-III, and that  future generations would continue the trend.&lt;br /&gt;&lt;br /&gt;Another factor  potentially affecting safety is the nuclear power workforce. While staff  can be technically trained in four to eight years, &#39;safety culture  takes longer&#39; at the operational level. This issue is magnified in the  regulatory regime, where salaries are lower than in industry, and  workforce numbers remain relatively low. SCRO said that most countries  employ 30-40 regulatory staff per reactor in their fleet, but the  National Nuclear Safety Administration (NNSA) has only 1000 staff - a  figure that must more than quadruple by 2020. The SCRO recommended that  &#39;The NNSA should be an entity directly under the State Council Bureau,  making it an independent regulatory body with authority.&#39; It is  currently under the China Atomic Energy Authority which plans new  capacity and approves feasibility studies for new plants, although it is  understood to report to the State Council directly.&lt;br /&gt;&lt;br /&gt;The report  said that 32 further reactors 34.86 GWe had been approved by the state  at end 2010, with 25 (27.73 GWe) then under construction.&lt;br /&gt;&lt;br /&gt;The  SCRO calculated that nuclear development would require new investment of  some CNY 1 trillion ($151 billion) by 2020, not counting those units  being built now. These projects rely mainly on debt, funds are tight,  and &#39;investment risks cannot be discounted&#39;. This cost figure could rise  if supply chain issues impact schedules, with repercussions for  companies borrowing to build and for the economics of the Chinese  nuclear program overall. A major recommendation was to sort out  bottlenecks in the supply chain for AP1000 reactors.&lt;br /&gt;&lt;br /&gt; &lt;/p&gt; &lt;p align=&quot;center&quot;&gt;&lt;img title=&quot;Nuclear power reactors in mainland China&quot; alt=&quot;Nuclear power reactors in mainland China&quot; src=&quot;http://world-nuclear.org/images/info/china.jpg&quot; border=&quot;1&quot; /&gt; &lt;/p&gt; &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Nuclear power reactors in mainland China&lt;/em&gt; &lt;/p&gt; &lt;p class=&quot;InfoBodySubHeading&quot;&gt;Reactor technology&lt;a class=&quot;bookmark&quot; title=&quot;Reactor_Technology&quot; name=&quot;Reactor_Technology&quot;&gt;&lt;/a&gt; &lt;/p&gt; &lt;p&gt;China has set the following points as key elements of its nuclear energy policy:&lt;/p&gt; &lt;ul&gt;&lt;li&gt;PWRs will be the mainstream but not sole reactor type.&lt;/li&gt;&lt;li&gt;Nuclear fuel assemblies are fabricated and supplied indigenously.&lt;/li&gt;&lt;li&gt;Domestic manufacturing of plant and equipment will be maximised, with self-reliance in design and project management.&lt;/li&gt;&lt;li&gt;International cooperation is nevertheless encouraged.&lt;/li&gt;&lt;/ul&gt; &lt;p&gt;The technology base for future reactors remains officially undefined,  though two designs are currently predominant in construction plans:  CPR-1000 and AP1000. Beyond them, high-temperature gas-cooled reactors  and fast reactors appear to be the main priorities.&lt;/p&gt; &lt;p&gt;A major struggle between the established China National Nuclear  Corporation (CNNC) pushing for indigenous technology and the small but  well-connected State Nuclear Power Technology Corp (SNPTC) favouring  imported technology was won by SNPTC about 2004. In particular, SNPTC  proposes use of indigenized 1000+ MWe plants with advanced  third-generation technology, arising from Westinghouse AP1000 designs at  Sanmen and Haiyang (see section below on &lt;a title=&quot;Embarking upon Generation III plants&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Generation_III&quot;&gt;Embarking upon Generation III plants&lt;/a&gt;).  Westinghouse has agreed to transfer technology to SNPTC over the first  four AP1000 units so that SNPTC can build the following ones on its own.&lt;/p&gt; &lt;p&gt;In February 2006, the State Council announced that the large advanced  PWR was one of two high priority projects for the next 15 years,  depending on &quot;Sino-foreign cooperation, in order to master international  advanced technology on nuclear power and develop a Chinese  third-generation large PWR&quot;.&lt;sup&gt;&lt;a title=&quot;See Reference 5&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#References&quot;&gt;5&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;5&quot; name=&quot;5&quot;&gt;&lt;/a&gt;  In September 2006, the head of the China Atomic Energy Authority said  that he expected large numbers of third-generation PWR reactors derived  from foreign technology to be built from about 2016, after experience is  gained with the initial AP1000 units. &lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;AP1000&lt;/p&gt; &lt;p&gt;The Westinghouse AP1000 is the main basis of China&#39;s move to  Generation III technology, and involves a major technology transfer  agreement. It is a 1250 MWe gross reactor with two coolant loops.  The  first four AP1000 reactors are being built at Sanmen and Haiyang, for  CNNC and CPI respectively. At least eight more at four sites are firmly  planned after them, and about 30 more are proposed to follow.&lt;/p&gt; &lt;p&gt;The reactors are built from modules fabricated adjacent to each site.  The timeline is 50 months from first concrete to fuel loading, then six  months to grid connection for the first four units, with this expected  to reduce significantly for the following units. The cost of the first  four is expected to be less than $2000/kW, with this reducing to $1600  for further units. In October 2009, SNPTC and CNNC signed an agreement  to co-develop and refine the AP1000 design. (See also section below on &lt;a title=&quot;Embarking upon Generation III plants&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Generation_III&quot;&gt;Embarking upon Generation III plants&lt;/a&gt;).&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;EPR&lt;/p&gt; &lt;p&gt;Two Areva EPR reactors are being built at Taishan, and at least two more are planned (see section below on &lt;a title=&quot;Embarking upon Generation III plants&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Generation_III&quot;&gt;Embarking upon Generation III plants&lt;/a&gt;). Areva says the reactors are 4590 MWt, with net power 1660 MWe.&lt;/p&gt; &lt;p&gt;In October 2008, Areva and CGNPC announced establishment of an  engineering joint venture as a technology transfer vehicle for  development EPR and other PWR plants in China and later abroad. The JV  will be held 55% by CGNPC and other Chinese interests, and 45% by Areva.  It will engineer and procure equipment for both the EPR and the  CPR-1000.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;CAP1400&lt;/p&gt; &lt;p&gt;Westinghouse announced in 2008 that it was working with SNPTC and  Shanghai Nuclear Engineering Research &amp;amp; Design Institute (SNERDI) to  develop jointly a passively safe 1400 MWe design from the AP1000, for  large-scale deployment. This development with SNERDI opens the  possibility of China itself exporting the new larger units with  Westinghouse&#39;s cooperation.&lt;/p&gt; &lt;p&gt;In December 2009, the State Nuclear Demonstration Company – a 55-45%  joint venture company by SNPTC and China Huaneng Group – was set up to  build and operate an initial unit of the larger design, the CAP1400, at  Huaneng&#39;s Shidaowan site. The new company signed a set of agreements  with SNERDI and the State Nuclear Power Engineering Company (SNPEC) in  November 2010 to proceed with the project. Construction is scheduled to  start in April 2013, and SNPTC hoped to have it operating in December  2017. Westinghouse is to provide technical consulting services to SNPTC  for the design. It may be followed by a larger, 3-loop CAP2100 design if  the passive cooling system can be scaled to that level. Agreements with  Westinghouse stipulate that SNPTC will own the intellectual property  rights for any derivatives over 1350 MWe. SNPEC is doing the engineering  under a team from SNERDI, the Shandong Electric Power Engineering  Consulting Institute (SEPECI), and the State Nuclear Power Equipment  Manufacturing Company (SNPEMC), which will make the components.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;CNP-1000 (also CNP-600, CNP-300)&lt;/p&gt; &lt;p&gt;CNNC had been working with Westinghouse and Framatome (now Areva) at  SNERDI since the early 1990s to develop a Chinese standard three-loop  PWR design, the CNP-1000. This is developed from the single-loop Qinshan  CNP-300 unit (scaled up to the two-loop CNP-600 units, also at  Qinshan), with high (60 GWd/t) burn-up, 18-month refueling cycle and 20  more fuel assemblies than the French-origin units&lt;sup&gt;&lt;a title=&quot;See Note b&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Notes&quot;&gt;b&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;b&quot; name=&quot;b&quot;&gt;&lt;/a&gt;.  In 1997, the Nuclear Power Institute of China (NPIC) at Chengdu became  involved in the reactor design and, early in 2007, SNERDI was reassigned  to concentrate on the AP1000 program. CNNC has been keen to create its  own brand of advanced second-generation reactor with full intellectual  property rights, and wanted to build two initial CNP-1000 plants at  Fangjiashan, adjacent to Qinshan near Shanghai, under the 11th Economic  Plan, though the design probably would not have been ready. In early  2007, the CNP-1000 development was put on hold indefinitely, though this  aborted export plans for two CNP-1000 units to Pakistan.&lt;/p&gt; &lt;p&gt;Further CNP-600 units are being built at Qinshan and Changjiang,  Hainan. CNNC says they are free of French intellectual property rights.  CNNC is also developing the design to the ACP600 which it expects to be  able to built on Hainan or in the northwest Gansu province about 2013&lt;sup&gt;&lt;a title=&quot;See Note c&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Notes&quot;&gt;c&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;c&quot; name=&quot;c&quot;&gt;&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;A new 300 MWe CNP-300 PWR unit is being built at Chasma in Pakistan  by the China Zhongyuan Engineering Corporation. It is a twin to that  already commissioned in 2000, and similar to Qinshan 1 – China&#39;s first  indigenously-designed (by SNERDI) nuclear power plant. &lt;/p&gt; &lt;p&gt;CNNC is seeking to sell the CNP-300 to Belarus and in Africa.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;CPR-1000&lt;/p&gt; &lt;p&gt;The CPR-1000 is a significantly upgraded version of the 900 MWe-class  French three-loop technology imported for the Daya Bay nuclear power  plant in the 1980s. Known as the &#39;improved Chinese PWR&#39; and designated  Generation II+, it features digital instrumentation and control and a  design life of 60 years. Its 157 fuel assemblies have core melt  frequency of 1x10&lt;sup&gt;-5&lt;/sup&gt; and a release probability an order of magnitude lower than this.&lt;/p&gt; &lt;p&gt;Standard construction time is 52 months, and the unit cost is under  CNY 10,000 (US$ 1500) per kilowatt. With a capacity of 1080 MWe gross  (1037 MWe net), Ling Ao Phase II is the first plant to be designated as  the CPR-1000 design. The CPR-1000 is being widely and quickly deployed  for domestic use.&lt;/p&gt; &lt;p&gt;China Guangdong Nuclear Power Corporation (CGNPC) led the development  of the CPR-1000 and has established a nearly complete domestic supply  chain. However, Areva retains intellectual property rights, which  constrains overseas sales since the Chinese would need agreement from  Areva on a case-by-case basis.&lt;/p&gt; &lt;p&gt;CGNPC refers to later units as CPR-1000+, incorporating design  improvements which bring it close to Generation III standard. Of more  significance is its evolution to the ACPR-1000 with full Chinese  intellectual property rights and which CGNPC expects to make available  for local build and overseas markets from 2013.&lt;/p&gt; &lt;p align=&quot;center&quot;&gt;&lt;img title=&quot;CGNPC Progressive Localisation of CPR-1000&quot; alt=&quot;CGNPC Progressive Localisation of CPR-1000&quot; src=&quot;http://world-nuclear.org/uploadedImages/org/info/cgnpc.png&quot; /&gt; &lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;VVER&lt;/p&gt; &lt;p&gt;Russia&#39;s Atomstroyexport was general contractor and equipment  provider for the Tianwan AES-91 power plants using the V-428 version of  the well-proven VVER-1000 reactor of 1060 MWe capacity. The reactors  incorporate Finnish safety features and Siemens-Areva instrumentation  and control systems. Russia&#39;s Energoatom is responsible for maintenance  from 2009. Tianwan units 3 &amp;amp; 4 will use the same version of the  VVER-1000 reactor, and if CNNC continues with Russian technology for  units 5 &amp;amp; 6, they will probably use the VVER-1200.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Candu&lt;/p&gt; &lt;p&gt;In September 2005, Atomic Energy of Canada Ltd (AECL) signed a  technology development agreement with CNNC which opened the possibility  of it supplying further Candu-6 reactors. AECL built the two-unit  Qinshan Phase III plant on schedule and under budget and estimates that  it could be replicated for 25% lower cost. Any replication would be on  the basis of involving local engineering teams, not on a turnkey basis,  but the technology is now well understood and the decades-old Candu-6  design would likely pose fewer problems for technology transfer than  state of the art third-generation designs from Westinghouse and Areva  NP. (The later Korean Candu-6 plants at Wolsong had 75% local content.)  However, the agreement with CNNC – more specifically with SNERDI –  looked further forward to collaboration on AECL&#39;s new ACR design later.  SNERDI is now focused on AP1000 engineering and reassigned to SNPTC, so  early in 2008 work on Candu fuel technologies passed to another CNNC  entity: the Nuclear Power Institute of China (NPIC).&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;HTR&lt;/p&gt; &lt;p&gt;In February 2006, the State Council announced that the small  high-temperature gas-cooled reactor (HTR) was the second of two high  priority projects for the next 15 years. The small HTR-PM units with  pebble bed fuel were to be 200 MWe reactors, similar to that being  developed in South Africa, but plans have evolved to make them twin 105  MWe reactors so that they can retain the same core configuration as the  prototype HTR-10.  The twin units will drive a single steam turbine.  China Huaneng Group is the lead organization in the consortium to build  the demonstration Shidaowan HTR-PM with China Nuclear Engineering &amp;amp;  Construction Group (CNEC) and Tsinghua University&#39;s INET, which is the  R&amp;amp;D leader. Chinergy Co., a joint venture of Tsinghua and CNEC, is  the main contractor for the nuclear island. Thermal efficiency of 40%,  localisation 75% and 50-month construction for the first unit is  envisaged. The initial HTR-PM will pave the way for 18 (3x6) further 210  MWe units at the same site – total 3800 MWe (see &lt;a title=&quot;Shidaowan project&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#HTR_PM&quot;&gt;Shidaowan project&lt;/a&gt; below, and &lt;a title=&quot;Research and development&quot; href=&quot;http://world-nuclear.org/info/inf63b_china_nuclearfuelcycle.html#R_and_D&quot;&gt;Research and development&lt;/a&gt; section in page on &lt;em&gt;China&#39;s Nuclear Fuel Cycle&lt;/em&gt;).&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Fast neutron reactor&lt;/p&gt; &lt;p&gt;Longer-term, fast neutron reactors (FNRs) are seen as the main  technology, and CNNC expects the FNR to become predominant by  mid-century. A 65 MWt fast neutron reactor – the Chinese Experimental  Fast Reactor (CEFR) – near Beijing achieved criticality in July 2010.&lt;sup&gt;&lt;a title=&quot;See Reference 6&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#References&quot;&gt;6&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;6&quot; name=&quot;6&quot;&gt;&lt;/a&gt;  Based on this, a 600 MWe pre-conceptual design was developed. The  current plan is to develop an indigenous 1000 MWe design to begin  construction in 2017, and commissioning 2022. This is known as the  Chinese Demonstration Fast Reactor (CDFR) project 1.&lt;/p&gt; &lt;p&gt;In addition to CDFR project 1, in October 2009, an agreement with  Russia confirmed earlier indications that China would opt for the BN-800  technology as CDFR project 2. The 880 MWe gross BN-800 reactor being  built by OKBM Afrikantov at Beloyarsk in Siberia is the reference design  and the first two in China are planned to start construction in 2013 at  Sanming, Fujian province, with the first to be in operation in 2018  (see see section below on &lt;a title=&quot;Sanming&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Sanming&quot;&gt;Sanming&lt;/a&gt;).&lt;/p&gt; &lt;p&gt;See also &lt;a title=&quot;Fast neutron reactors&quot; href=&quot;http://world-nuclear.org/info/inf63b_china_nuclearfuelcycle.html#FNR&quot;&gt;Fast neutron reactors&lt;/a&gt; section in page on &lt;em&gt;China&#39;s Nuclear Fuel Cycle&lt;/em&gt;.&lt;/p&gt; &lt;p class=&quot;InfoBodySubHeading&quot;&gt;Embarking upon Generation III plants&lt;a class=&quot;bookmark&quot; title=&quot;Generation_III&quot; name=&quot;Generation_III&quot;&gt;&lt;/a&gt; &lt;/p&gt; &lt;p&gt;In September 2004, the State Council approved plans for two units at  Sanmen, followed by six units at Yangjiang (two to start with), these to  be 1000 or 1500 MWe reactors pioneering Generation III nuclear  technology from overseas. The Sanmen (in Zhejiang province) and  Yangjiang (in Guangdong province) reactors were subject to an open  bidding process for third-generation designs, with contracts to be  awarded in mid-2006 – in the event, mid-2007 – putting them clearly into  the 11th Five Year Plan.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Bidding process&lt;/p&gt; &lt;p&gt;This open bidding process underlined the extent to which China is  making itself part of the world nuclear industry, and yet at first  remaining somewhat ambivalent about that.&lt;/p&gt; &lt;p&gt;Three bids were received for the four Sanmen and Yangjiang reactors:  from Westinghouse (AP1000 reactors), Areva (EPR) and Atomstroyexport  (VVER-1000 model V-392). The State Nuclear Power Technology Corporation  (SNPTC), directly under China&#39;s State Council, was in charge of  technology selection for new plants being bid from overseas.&lt;/p&gt; &lt;p&gt;The USA, French and Russian governments were reported to be giving  firm support as finance and support arrangements were put in place. The  US Export-Import bank approved $5 billion in loan guarantees for the  Westinghouse bid, and the French Coface company was expected similarly  to finance Areva for its bid. The US Nuclear Regulatory Commission gave  approval for Westinghouse to export equipment and engineering services  as well as the initial fuel load and one replacement for the four units.  Bids for both two-unit plants were received in Beijing on behalf of the  two customers: China Guangdong Nuclear Power Co (CGNPC) for Yangjiang,  and China National Nuclear Corporation (CNNC) for Sanmen. Bids were for  the nuclear portion of each plant only, the turbine tenders to be called  for subsequently.&lt;/p&gt; &lt;p&gt;Bids were assessed on level of technology, the degree to which it was  proven, price, local content, and technology transfer - which  apparently became the major factor. Areva and Westinghouse were  short-listed. However, the decision on reactor type was delayed, and  came under review at the highest political level, with CNNC evidently  pushing for the use of indigenous second-generation designs for both  sites.&lt;/p&gt; &lt;p&gt;In December 2006, 22 months after the bids were submitted and after  several revisions to them, the Westinghouse AP1000 reactor design was  selected for the four units – two each at Sanmen and Yangjiang. Early in  2007, the two units planned for the Yangjiang site were switched to  Haiyang in the more northerly Shandong province, making way for two EPR  units Areva was in negotiations to build at Yangjiang. Later in 2007,  plans for the EPRs under consideration for Yangjiang were transferred to  another Guangdong site – Taishan – since there was pressure to build a  lot of capacity quickly at Yangjiang.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Sanmen 1&amp;amp;2 and Haiyang 1&amp;amp;2&lt;/p&gt; &lt;p&gt;A framework agreement was signed at the end of February 2007 between  Westinghouse and SNPTC specifying Haiyang and Sanmen for the four AP1000  units. In July 2007, Westinghouse, along with consortium partner Shaw,  signed the contracts with SNPTC, Sanmen Nuclear Power Company (51% owned  by CNNC), Shangdong Nuclear Power Company (61% owned by CPI) and China  National Technical Import &amp;amp; Export Corporation (CNTIC) for four  AP1000 reactors. Specific terms were not disclosed but the figure of  $5.3 billion for the first two was widely quoted.&lt;/p&gt; &lt;p&gt;Sanmen site works commenced in February 2008 and full construction on  Sanmen 1 – the world&#39;s first AP1000 unit – officially commenced on 19  April 2009. The reactor is expected to begin operation in August 2013  with the second about one year later. First concrete at Haiyang 1 was in  September 2009. The Haiyang units are expected to commence operation in  2014 and 2015.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;AP1000 construction and equipment contracts&lt;/p&gt; &lt;p&gt;Westinghouse and Shaw Group have an engineering, procurement,  commissioning and start-up as well as project management contract with  SNPTC for the first four reactors (Sanmen &amp;amp; Haiyang). Also Shaw has a  contract with State Nuclear Power Engineering Corp. Ltd, a SNPTC  subsidiary, for technical support for the first two Dafan, Xianning  units in Hubei province, including engineering and design management,  project controls, quality assurance, construction management and project  management.&lt;/p&gt; &lt;p&gt;In April 2007, Westinghouse signed a $350 million contract with  Doosan Heavy Industries in Korea for two pressure vessels and four steam  generators for Sanmen 1 and Haiyang 1. The pressure vessels for the  other two units are being made by Chinese manufacturers: China First  Heavy Industries (CFHI, also known as YiZhong) for Sanmen 2 and Shanghai  Electric Group Corporation (SEC) for Haiyang 2. Steam generators for  Sanmen 2 and Haiyang 2 were to be manufactured by Harbin Power Equipment  Co., Ltd. (HPEC) and SEC, respectively, though a contract for Sanmen 2  steam generators was let to Spain&#39;s ENSA in 2011.&lt;/p&gt; &lt;p&gt;All four steam turbine generators are being manufactured by  Mitsubishi Heavy Industries (MHI). In a $521 million deal, Sanmen  Nuclear Power ordered two turbine generator packages from MHI at the end  of September 2007, with Shandong Nuclear Power ordering another two  early in 2008. MHI&#39;s Takasago Machinery Works is manufacturing the  turbines, including rotors and blades. Mitsubishi Electric Corporation  is supplying the generators and HPEC, partnering with MHI, is  responsible for turbine casings, piping and associated facilities. The  turbines will reportedly boost the capacity of the reactors from their  designed 1175 MWe to 1250 MWe gross.&lt;/p&gt; &lt;p&gt;In November 2010, further contracts were signed between SNPTC and  Westinghouse, including one for Westinghouse to provide SNPTC with  technical consulting services in research and development of the CAP1400  nuclear power plant, to be developed by SNPTC with Chinese intellectual  property rights. Westinghouse said that having shared design technology  with SNERDI, it expected 100% localization by 2015.&lt;/p&gt; &lt;p&gt;In January 2011, a further agreement was signed with SNPTC to deploy  further AP1000 units, and to extend the 2008 technology cooperation  agreement for another two years. SNPTC said the deal also included  measures &quot;to develop cooperation in the field of overseas markets.&quot;  Another agreement was signed with China Baotou Nuclear Fuel Co &quot;to  design, manufacture and install fuel fabrication equipment that will  enable China to manufacture fuel&quot; for AP1000 units. The latter $35  million contract involves supply and installation of US equipment at  Baotou.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Taishan 1&amp;amp;2&lt;/p&gt; &lt;p&gt;In February 2007, EDF entered a cooperation agreement with CGNPC to  build and operate a two-unit EPR power station at Yangjiang in Guangdong  province. This deal was not expected to involve the technology transfer  which is central to the Westinghouse contracts, since the EPR has  multiple redundant safety systems rather than passive safety systems and  is seen to be more complex and expensive, hence of less long-term  interest to China. However, negotiations with Areva and EDF dragged on  and in August 2007 it was announced that the EPR project had been  shuffled to Taishan (in Guangdong) so that six CPR-1000 units previously  planned for that site could be built at Yangjiang as soon as possible.&lt;/p&gt; &lt;p&gt;At a November 2007 ceremony attended by Chinese president Hu Jintao  and French president Nicolas Sarkozy in Beijing&#39;s Great Hall of the  People, Areva initialed an €8 billion contract with CGNPC for the two  EPRs at Taishan plus supply of fuel to 2026 and other materials and  services for them. The whole project, including fuel supply, totals €8  billion, of which the nuclear reactors themselves were reported to be  about €3.5 billion. Steam turbine generators costing €300 million are  included in the larger sum. The Guangdong Development Commission quotes  the total investment in both units as CNY 49.85 billion ($7.3 billion).  The joint venture partners will put up CNY 16.45 billion and the balance  will be borrowed with guarantee from the Central Bank of France. French  export credits for the project are reported as €1.7 billion ($2.4  billion), covering purchase of equipment such as pressure vessel and  steam generators for unit 1 from French suppliers.&lt;/p&gt; &lt;p&gt;In August 2008, EDF and CGNPC signed the final agreements for the  creation of Guangdong Taishan Nuclear Power Joint Venture Company  Limited (TNPC). EDF will hold 30% of TNPC for a period of 50 years (the  maximum period permitted for a joint venture in China), CGNPC 70%. TNPC  will oversee the building, then own and operate the plant. EDF is paying  €600 to 800 million over four years for this share, subject to approval  by the National Development and Reform Commission (NDRC) and the  Ministry of Commerce. (EDF is project manager and architect for the  Flamanville 3 EPR project in France, and this initiative consolidates  its change in corporate strategy outside France as expressed already in  the UniStar joint venture set up in mid-2007 with Constellation in USA  to build, own and operate a fleet of US-EPRs in North America.)&lt;/p&gt; &lt;p&gt;CGNPC subsidiary China Nuclear Power Engineering Co. and Areva also  set up an engineering joint venture Wecan, in December 2009. This is 55%  CGNPC and 45% Areva, is based in Shenzen, and builds on Areva&#39;s  European experience&lt;/p&gt; &lt;p&gt;CGNPC authorised construction in July 2008 and first concrete was  poured on 28 October 2009, though the official inauguration ceremony was  not until 21 December. Construction on the second unit started in April  2010. The first unit should be completed at the end of 2013 and the  second in 2015. The major components for unit 1 are imported: the  pressure vessel from Mitsubishi Heavy Industries (MHI) in Japan and the  steam generators from Areva Chalon/St. Marcel in France, but those for  unit 2 are all built in China: the pressure vessel by Dongfang Electric  (DEC), the steam generators by DEC (two) and Shanghai Electric (two).  The Arabelle steam turbines and 1750 MWe generators are being purchased  separately from Alstom and Dongfang Electric Co.&lt;/p&gt; &lt;h2 class=&quot;InfoBodySubHeading&quot;&gt;Nuclear growth&lt;/h2&gt; &lt;p&gt;In 2007, nuclear power plants provided 62.86 billion kWh – 2.3% of  total – and there is now 8.6 GWe (net) installed. The first two nuclear  power plants in mainland China were at Daya Bay near Hong Kong and  Qinshan, south of Shanghai, with construction starting in the mid-1980s.&lt;/p&gt; &lt;p&gt;China&#39;s concerted nuclear expansion began with the National  Development and Reform Commission&#39;s (NDRC&#39;s) Tenth Economic Plan for the  years 2001-2005. (China&#39;s first economic plan was in 1953 and began  China&#39;s centrally planned industrialization under Mao Zedong.) The  Eleventh Economic Plan for the years 2006-2010 set even more ambitious  goals than the Tenth for new nuclear plant construction, and marked a  watershed in China&#39;s commitment to third-generation reactors, such as  the Sanmen plant in Zhejiang province and Haiyang plant in Shandong  province (see section above on &lt;a title=&quot;Reactor technology&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Reactor_Technology&quot;&gt;Reactor technology&lt;/a&gt;).&lt;/p&gt; &lt;p&gt;The Tenth Five-Year Plan (2001-05) incorporated the construction of  eight nuclear reactors, though the timeline for contracts was extended,  putting the last two projects into the 11th plan. The four units in the  Tenth Plan were: Ling Ao Phase II (also known as Ling Dong) in Guangdong  province – the first CPR-1000 plant and based on the Daya Bay and Ling  Ao Phase I nuclear plants; and Qinshan Phase II, in Zhejiang province –  duplicating the indigenous CNP-600 units 1&amp;amp;2. The following slipped  to the Eleventh Plan: Sanmen in Zhejiang province, using advanced  foreign technology and design; and Yangjiang in Guangdong province, 500  km west of Hong Kong, originally intended to use advanced foreign  technology.&lt;/p&gt; &lt;p&gt;The 11th Five Year Plan (2006-10) had firmer environmental goals than  previously, including reduction of 20% in the amount of energy required  per unit of GDP, &lt;em&gt;i.e.&lt;/em&gt; 4% reduction per year. As well as the  Sanmen and Yangjiang projects slipped from the Tenth Plan, nuclear power  developments originally proposed in the Eleventh Plan included reactors  at Hongyanhe (4), Haiyang (2), Fuqing (2) and Taishan (2), all of which  are now under construction. Two at Lufeng and two at Hongshiding are  delayed.&lt;/p&gt; &lt;p&gt;In 2007, it was announced that three state-owned corporations had  been approved by NNSA to own and operate nuclear power plants: CNNC,  CGNPC and China Power Investment Corporation (CPI). Any other public or  private companies are to have minority shares in new projects, which is  proving a severe constraint on the ambitions of the country&#39;s main power  utilities (including Huaneng, Huadian, Datang and Guodian), all of  which have set up nuclear subsidiaries or become involved in nuclear  projects. CGNPC is increasingly preeminent in actual nuclear power  plants.&lt;/p&gt; &lt;p&gt;The 12th Five-Year Plan (2011-15) includes construction start on  phase II of Tianwan, Hongyanhe, Sanmen and Haiyang, as well as phase I  of inland sites: Taohuajiang, Xianning, and Pengze (2 reactors each  except Taohuajiang: 4). By the end of the 12th Five Year Plan some 25  GWe is planned to be operational, and 45 GWe by the end of the 13th Five  Year Plan.&lt;/p&gt; &lt;p align=&quot;center&quot;&gt;&lt;img title=&quot;CGNPC Nuclear Projects&quot; alt=&quot;CGNPC Nuclear Projects&quot; src=&quot;http://world-nuclear.org/uploadedImages/org/info/CGNPCmap.gif&quot; width=&quot;580&quot; border=&quot;0&quot; height=&quot;404&quot; /&gt; &lt;/p&gt; &lt;p&gt;More than 16 provinces, regions and municipalities have announced  intentions to build nuclear power plants in the 12th Five Year Plan  2011-15. These include Henan and Sichuan, as well as those listed in the  &lt;a title=&quot;Further nuclear power units proposed&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#FurtherUnitsTable&quot;&gt;Further nuclear power units proposed&lt;/a&gt;  Table below – most of which have preliminary project approval by the  central government but are not necessarily scheduled for construction.  Provinces put together firm proposals with reactor vendors by 2008 and  submitted them to the central government&#39;s National Development and  Reform Commission (NDRC) for approval during 2009. NRDC consideration is  via the new National Energy Administration (NEA). A great many  proposals were received, many of which will be deferred to the 13th  Plan.&lt;/p&gt; &lt;p&gt;In its 2007 Annual Report, CPI said that at the end of the 12th Five  Year Plan it expected to have 100 GWe of controllable installed capacity  including three nuclear power bases: Liaoning, Shandong and inland.&lt;sup&gt;&lt;a title=&quot;See Reference 7&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#References&quot;&gt;7&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;7&quot; name=&quot;7&quot;&gt;&lt;/a&gt; &lt;/p&gt; &lt;p&gt;The complex ownership structure of Chinese nuclear plants is  described in Appendix 1: Government Structure and Ownership, and China&#39;s  considerable heavy engineering and manufacturing capacity is detailed  in the information page on &lt;a title=&quot;Heavy Manufacturing of Power Plants&quot; href=&quot;http://world-nuclear.org/info/inf122_heavy_manufacturing_of_power_plants.html&quot;&gt;Heavy Manufacturing of Power Plants&lt;/a&gt;.&lt;/p&gt; &lt;h2 class=&quot;InfoBodySubHeading&quot;&gt;Operating nuclear plants&lt;/h2&gt; &lt;p class=&quot;infoboldcolor&quot; align=&quot;center&quot;&gt;Operating nuclear reactors&lt;/p&gt; &lt;table id=&quot;tablestyle&quot; align=&quot;center&quot; cellpadding=&quot;1&quot; cellspacing=&quot;2&quot;&gt; &lt;thead&gt; &lt;tr&gt; &lt;td&gt;Units&lt;/td&gt; &lt;td&gt;Province&lt;/td&gt; &lt;td&gt;Net capacity (each)&lt;/td&gt; &lt;td&gt;Type&lt;/td&gt; &lt;td&gt;Operator&lt;/td&gt; &lt;td&gt;Commercial operation&lt;/td&gt; &lt;/tr&gt; &lt;/thead&gt; &lt;tbody&gt; &lt;tr align=&quot;left&quot; valign=&quot;top&quot;&gt; &lt;th&gt;Daya Bay 1&amp;amp;2&lt;/th&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;Guangdong&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;944 MWe&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;PWR&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;CGNPC&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;1994&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;left&quot; valign=&quot;top&quot;&gt; &lt;th&gt;Qinshan Phase I&lt;/th&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;Zhejiang&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;279 MWe&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;PWR (CNP-300)&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;CNNC&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;April 1994&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;left&quot; valign=&quot;top&quot;&gt; &lt;th&gt;Qinshan Phase II, 1-3&lt;/th&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;Zhejiang&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;610 MWe&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;PWR (CNP-600)&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;CNNC&lt;/div&gt; &lt;/td&gt; &lt;td&gt;&lt;div align=&quot;center&quot;&gt;2002, 2004, 2010&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;left&quot; valign=&quot;top&quot;&gt; &lt;th&gt;Qinshan Phase III, 1&amp;amp;2&lt;/th&gt; &lt;td align=&quot;center&quot;&gt;Zhejiang&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;665 MWe&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;PHWR (Candu 6)&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;CNNC&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;2002, 2003&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;left&quot; valign=&quot;top&quot;&gt; &lt;th&gt;Ling Ao Phase I, 1&amp;amp;2&lt;/th&gt; &lt;td align=&quot;center&quot;&gt;Guangdong&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;935 MWe&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;PWR&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;CGNPC&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;2002, 2003&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;left&quot; valign=&quot;top&quot;&gt; &lt;th&gt;Tianwan 1&amp;amp;2&lt;/th&gt; &lt;td align=&quot;center&quot;&gt;Jiangsu&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;1000 MWe&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;PWR (VVER-1000)&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;CNNC&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;2007, 2007&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;left&quot; valign=&quot;top&quot;&gt; &lt;th&gt;Ling Ao Phase II, 1&lt;/th&gt; &lt;td align=&quot;center&quot;&gt;Guangdong&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;1037 MWe&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;PWR (CPR-1000)&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;CGNPC&lt;/td&gt; &lt;td align=&quot;center&quot;&gt;Sept 2010&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;left&quot; valign=&quot;top&quot;&gt; &lt;th&gt;Total: 13&lt;/th&gt; &lt;td align=&quot;center&quot;&gt; &lt;/td&gt; &lt;td align=&quot;center&quot;&gt;&lt;strong&gt;10,234 MWe&lt;/strong&gt; &lt;/td&gt; &lt;td colspan=&quot;3&quot;&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/tbody&gt; &lt;/table&gt; &lt;p&gt; &lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Daya Bay, Ling Ao Phase I&lt;/p&gt; &lt;p&gt;The Daya Bay reactors in Guangdong province are standard 3-loop  French PWR units supplied by Framatome, with GEC-Alstom turbines.  Electricite de France (EDF) managed construction, starting August 1987,  with the participation of Chinese engineers. Commercial operation of the  two units was in February and May 1994. There were long outages in  1994-96 when Framatome had to replace major components. Reactor vessel  heads were replaced in 2004. The plant produces about 13 billion kWh per  year, with 70% transmitted to Hong Kong &lt;a class=&quot;bookmark&quot; title=&quot;d&quot; name=&quot;d&quot;&gt;&lt;/a&gt; and 30% to Guangdong.&lt;/p&gt; &lt;p&gt;The Ling Ao Phase I reactors are virtually replicas of adjacent Daya  Bay. Construction started in May 1997 and Ling Ao 1 started up in  February 2002 entering commercial operation in May. Ling Ao 2 was  connected to the grid about September 2002 and entered commercial  operation in January 2003. The two Ling Ao reactors use French  technology supplied by Framatome, but with 30% localisation. They are  reported to have cost $1800 per kilowatt.&lt;/p&gt; &lt;p&gt;Daya Bay and Ling Ao together comprise the &#39;Daya Bay nuclear power  base&#39; under the common management of Daya Bay Nuclear Power Operations  &amp;amp; Management Co (DNMC), part of China Guangdong Nuclear Power Group  (CGNPC). Framatome is now Areva NP. For Ling Ao Phase II, see below.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Qinshan&lt;/p&gt; &lt;p&gt;Qinshan 1 in Zhejiang province 100 km southwest of Shanghai, is  China&#39;s first indigenously-designed and constructed nuclear power plant  (though with the pressure vessel supplied by Mitsubishi, Japan). Design  of the 300 MWe PWR was by the Shanghai Nuclear Engineering Research  &amp;amp; Design Institute (SNERDI). Construction work spanned 6.5 years  from March 1985, with first grid connection in December 1991. It was  shut down for 14 months for major repairs from mid-1998.&lt;/p&gt; &lt;p&gt;In October 2007, Qinshan 1 was shut down for a major upgrade. The  entire instrumentation and control system was replaced, along with the  reactor pressure vessel head and control rod drives. Areva NP supervised  the work, which is likely to lead to life extension beyond the original  30 years.&lt;/p&gt; &lt;p&gt;Qinshan Phase II units 1&amp;amp;2 are locally-designed and constructed  2-loop PWR reactors, scaled up from Qinshan 1, and designated CNP-600.  Local content was 55%. Unit 1 started up at the end of 2001 and entered  commercial operation in April 2002. Unit 2 started up in March 2004,  with commercial operation in May 2004. Units 3 &amp;amp; 4 are similar, with  local content of 77%. After 53 months construction, unit 3 was grid  connected on 1 August 2010, and entered commercial operation 12 weeks  later&lt;sup&gt;&lt;a title=&quot;See Reference 8&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#References&quot;&gt;8&lt;/a&gt;&lt;/sup&gt;&lt;a class=&quot;bookmark&quot; title=&quot;8&quot; name=&quot;8&quot;&gt;&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;In 2004, CNNC announced that the next two Qinshan units would be 1000 MWe indigenous units (&lt;em&gt;i.e.&lt;/em&gt;CNP-1000  units, now seen as very unlikely or much delayed, and in effect  Fangjiashan, adjacent to Qinshan 1, takes over this role).&lt;/p&gt; &lt;p&gt;Qinshan Phase III units 1&amp;amp;2 use the Candu 6 pressurised heavy  water reactor (PHWR) technology, with Atomic Energy of Canada (AECL)  being the main contractor of the project on a turnkey basis.  Construction began in 1997 and unit 1 started up in September 2002 and  unit 2 in April 2003. They are each about 665 MWe net.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Tianwan&lt;/p&gt; &lt;p&gt;Tianwan Phase I at at Lianyungang city in Jiangsu province is a  Russian AES-91 power plant (with two 1060 MWe VVER reactors) constructed  under a cooperation agreement between China and Russia - the largest  such project ever. The cost is reported to be $3.2 billion, with China  contributing $1.8 billion of this. Completion was delayed due to  corrosion in the steam generators which resulted in some tubes having to  be plugged with a net loss of capacity of about 2%. The first unit was  grid connected in May 2006 and put into commercial operation in June  2007. The second was grid connected in May 2007, with commercial  operation in August 2007. Design life is 40 years.&lt;/p&gt; &lt;h2 class=&quot;InfoBodySubHeading&quot;&gt;Nuclear plants under construction and planned&lt;/h2&gt; &lt;p&gt;China Guangdong Nuclear Power (CGNPC) expected to spend $ 9.5 billion  on its Ling Ao Phase II, Yangjiang and Taishan nuclear power plants by  2010 and to have 6000 MWe on line by then, with 12,000 MWe under  construction. Work is under way at all these sites and others. It also  planned to start on the Lufeng plant in Guangdong and Wuhu in Anhui  province, but awaited NDRC approval. It is expecting to have 34,000 MWe  nuclear capacity on line by 2020, providing 20% of the province&#39;s power,  and 16,000 MWe under construction then. From 2010 it expects to  commission three units per year and, from 2015, four units per year.  CGNPC is also, due to State Council policy, committed to developing  significant wind capacity through CGN Wind Co. It projects a total of  500 MWe by 2020.&lt;/p&gt; &lt;p align=&quot;center&quot;&gt;&lt;img title=&quot;China Guangdong Nuclear Power Group Plans to 2020&quot; alt=&quot;China Guangdong Nuclear Power Group Plans to 2020&quot; src=&quot;http://world-nuclear.org/uploadedImages/org/info/np_underconstruction.png&quot; /&gt; &lt;/p&gt; &lt;p&gt;In 2006, China National Nuclear Corporation (CNNC) signed agreements  in Liaoning, Hebei, Shandong and Hunan provinces and six cities in  Hunan, Anhui and Guangdong provinces to develop nuclear projects. CNNC  has pointed out that there is room for 30 GWe of further capacity by  2020 in coastal areas and maybe more inland such as Hunan &quot;where  conditions permit&quot;. In October 2007, CNNC&#39;s list of projects included  Chuanshan (Jiangsu province), Jiyang (Anhui), Hebao Island (Guangdong),  Shizu (Chongqing), Xudabao (Liaoning) and Qiaofushan (Hebei) amongst  others.&lt;/p&gt; &lt;p&gt;CNNC said in December 2006 that it planned to build four 1000 MWe  units at Heyuan, inland in northeast Guangdong, at a cost of US$ 6.4  billion, but no timing was mentioned.&lt;/p&gt; &lt;p&gt;In mid-2009, Huaneng Nuclear Power Development Co – a subsidiary of  China Huaneng Group (CHNG) – said it had opened an office in the city of  Yingtan in China&#39;s inland Jiangxi province for the development of a new  nuclear power plant in the area. This is one of five sites for nuclear  plants after Rongcheng which CHNG was reported in May to have selected:  Cangnan in Zhejiang province, Huaining in Anhui, Xuyi in Jiangsu, and  Xiapu in Fujian being the others.&lt;/p&gt; &lt;p&gt;In November 2007, the NDRC said that the government had budgeted CNY  450 billion ($65 billion) to build nuclear power capacity by 2020. It  had selected 13 coastal sites to accommodate 59.46 GWe.&lt;/p&gt; &lt;p&gt;In December 2009, CGNPC is reported to have signed a CNY 5.3 billion  ($776 million) nuclear island installation contract with China Nuclear  Power Engineering Group Co (CNPEC), apparently covering Ningde 3&amp;amp;4  in Fujian, Yangjiang 3&amp;amp;4 in Guangdong, Fangchenggang 1&amp;amp;2 in  Guangxi, and Taishan 1&amp;amp;2 in Guangdong. This is the largest contract  of its kind in China.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot; align=&quot;center&quot;&gt;Nuclear reactors under construction and planned&lt;/p&gt; &lt;table id=&quot;tablestyle&quot; align=&quot;center&quot; cellpadding=&quot;1&quot; cellspacing=&quot;2&quot;&gt; &lt;thead&gt; &lt;tr align=&quot;center&quot;&gt; &lt;td&gt;Plant&lt;/td&gt; &lt;td&gt;Province&lt;/td&gt; &lt;td&gt;MWe gross&lt;/td&gt; &lt;td&gt;Reactor model&lt;/td&gt; &lt;td&gt;Project control&lt;/td&gt; &lt;td&gt;Construction start&lt;/td&gt; &lt;td&gt;Operation&lt;/td&gt; &lt;/tr&gt; &lt;/thead&gt; &lt;tbody&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Ling Ao Phase II&lt;br /&gt;unit 2&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;5/06&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;8/11&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Qinshan Phase II&lt;br /&gt;unit 4&lt;/th&gt; &lt;td&gt;Zhejiang&lt;/td&gt; &lt;td&gt;650&lt;/td&gt; &lt;td&gt;CNP-600&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;1/07&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;2012&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Hongyanhe&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Liaoning&lt;/td&gt; &lt;td&gt;4x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;8/07&lt;/strong&gt;, &lt;strong&gt;4/08&lt;/strong&gt;, &lt;strong&gt;3/09&lt;/strong&gt;, &lt;strong&gt;8/09&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;10/12, 2013, 2014&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Ningde&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Fujian&lt;/td&gt; &lt;td&gt;4x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC, with Datang&lt;/td&gt; &lt;td&gt;&lt;strong&gt;2/08&lt;/strong&gt;, &lt;strong&gt;11/08&lt;/strong&gt;, &lt;strong&gt;1/10&lt;/strong&gt;, &lt;strong&gt;9/10&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;12/12, 2013, 2014, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Fuqing&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Fujian&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;11/08&lt;/strong&gt;, &lt;strong&gt;6/09&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;10/13, 8/14&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Yangjiang&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;4x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;12/08&lt;/strong&gt;, &lt;strong&gt;8/09&lt;/strong&gt;, &lt;strong&gt;11/10&lt;/strong&gt;, 15/3/11&lt;/td&gt; &lt;td&gt;8/13, 2014, 2015, 2016&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Fangjiashan&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Zhejiang&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;12/08&lt;/strong&gt;, &lt;strong&gt;7/09&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;12/13, 10/14&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Sanmen&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Zhejiang&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;3/09&lt;/strong&gt;, &lt;strong&gt;12/09&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;11/13, 9/14&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Haiyang&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt;&lt;strong&gt;9/09&lt;/strong&gt;, &lt;strong&gt;6/10&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;5/14, 3/15&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Taishan&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;2x1770&lt;/td&gt; &lt;td&gt;EPR&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;10/09&lt;/strong&gt;, &lt;strong&gt;4/10&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;12/13, 11/14&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Hongyanhe&lt;br /&gt;units 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Liaoning&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;2011, 2011&lt;/td&gt; &lt;td&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Shandong Shidaowan&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;210&lt;/td&gt; &lt;td&gt;HTR-PM&lt;/td&gt; &lt;td&gt;Huaneng&lt;/td&gt; &lt;td&gt;3/11&lt;/td&gt; &lt;td&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Fangchenggang&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Guangxi&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;7/10&lt;/strong&gt;, 2011&lt;/td&gt; &lt;td&gt;2015, 2016&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Fuqing&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Fujian&lt;/td&gt; &lt;td&gt;4x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;&lt;strong&gt;7/10&lt;/strong&gt;, 2011&lt;/td&gt; &lt;td&gt;7/15, 5/16&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Fuqing&lt;br /&gt;units 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Fujian&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;br /&gt;or CNP1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;?, ?&lt;/td&gt; &lt;td&gt;-&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Changjiang&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Hainan&lt;/td&gt; &lt;td&gt;2x650&lt;/td&gt; &lt;td&gt;CNP-600&lt;/td&gt; &lt;td&gt;CNNC &amp;amp; Huaneng&lt;/td&gt; &lt;td&gt;&lt;strong&gt;4/10&lt;/strong&gt;, &lt;strong&gt;11/10&lt;/strong&gt; &lt;/td&gt; &lt;td&gt;2014, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Hongshiding (Rushan)&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CNEC/CNNC&lt;/td&gt; &lt;td&gt;Deferred from 2009?&lt;/td&gt; &lt;td&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Ningde&lt;br /&gt;units 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Fujian&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Xianning (Dafan)&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Hubei&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;2011 or 2015&lt;/td&gt; &lt;td&gt;2015?&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Taohuajiang&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Hunan&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;2011 or 2015&lt;/td&gt; &lt;td&gt;4/2015-2018?&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Pengze&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Jiangxi&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt;2011 or 2015&lt;/td&gt; &lt;td&gt;2015?&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Xudabao / Xudapu&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Liaoning&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC with Datang&lt;/td&gt; &lt;td&gt;9/11, ?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Sanmen&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Zhejiang&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Haiyang&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt;2010?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Xiaomoshan&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Hunan&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt;2011?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Longyou (Zhexi)&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Zhejiang&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;2011?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Sanming&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Fujian&lt;/td&gt; &lt;td&gt;2x880&lt;/td&gt; &lt;td&gt;BN-800&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;8/2011&lt;/td&gt; &lt;td&gt;2018, 19&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Zhangzhou&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Fujian&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC &amp;amp; Guodian&lt;/td&gt; &lt;td&gt;2011&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Yanjiashan/Wanan/Ji&#39;an&lt;/th&gt; &lt;td&gt;Jiangxi&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;2011?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Shaoguan&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Guangdong (inland)&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;2013&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Tianwan&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Jiangsu&lt;/td&gt; &lt;td&gt;2x1060&lt;/td&gt; &lt;td&gt;VVER-1000&lt;br /&gt;(AES-91)&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;12/12, 8/13&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Tianwan&lt;br /&gt;units 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Jiangsu&lt;/td&gt; &lt;td&gt;2x1200&lt;/td&gt; &lt;td&gt;VVER-1200 or CPR-1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;?, ?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Wuhu&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Anhui&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;12/2011&lt;/td&gt; &lt;td&gt;8/2016&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Lianyungang&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Jiangsu&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Shanwei (Lufeng)&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;by 2015?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt; &lt;/th&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;33x1080&lt;br /&gt;32x1250&lt;br /&gt;2x1060&lt;br /&gt;2x1200&lt;br /&gt;2x1770&lt;br /&gt;2x880&lt;br /&gt;3x650&lt;br /&gt;1x210&lt;/td&gt; &lt;td colspan=&quot;4&quot;&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Total: 77&lt;/th&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;&lt;strong&gt;87,620 MWe&lt;/strong&gt; &lt;/td&gt; &lt;td colspan=&quot;4&quot;&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/tbody&gt; &lt;/table&gt; &lt;p align=&quot;center&quot;&gt;&lt;span style=&quot;font-size:78%;&quot;&gt;&lt;em&gt;Where construction has started, the  dates are marked in bold. Those here not under construction are marked  as &#39;planned&#39; in the WNA reactor table. At 31 December 2010, 27 under  construction: 29,790 MWe; 50 planned: 57,830 MWe (gross).&lt;br /&gt;Fangjiashan is sometimes shown as a development of Qinshan Phase I.&lt;/em&gt;&lt;/span&gt; &lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot; align=&quot;center&quot;&gt;Further nuclear power units proposed&lt;a class=&quot;bookmark&quot; title=&quot;Further nuclear power units proposed&quot; name=&quot;FurtherUnitsTable&quot;&gt;&lt;/a&gt; &lt;/p&gt; &lt;table id=&quot;tablestyle&quot; align=&quot;center&quot; cellpadding=&quot;1&quot; cellspacing=&quot;2&quot;&gt; &lt;thead&gt; &lt;tr&gt; &lt;td&gt;Plant&lt;/td&gt; &lt;td&gt;Province&lt;/td&gt; &lt;td&gt;MWe gross&lt;/td&gt; &lt;td&gt;Expected model&lt;/td&gt; &lt;td&gt;Project control&lt;/td&gt; &lt;td&gt;Construction&lt;/td&gt; &lt;td&gt;Start up&lt;/td&gt; &lt;/tr&gt; &lt;/thead&gt; &lt;tbody&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Lianyungang&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Jiangsu&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Taishan&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;2x1770&lt;/td&gt; &lt;td&gt;EPR&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt;by 2015&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Nanchong (Nanchun, Sanba)&lt;/th&gt; &lt;td&gt;Sichuan&lt;/td&gt; &lt;td&gt;4x1080&lt;/td&gt; &lt;td&gt;CPR-1000?&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Tianwan&lt;br /&gt;units 7&amp;amp;8&lt;/th&gt; &lt;td&gt;Jiangsu&lt;/td&gt; &lt;td&gt;2x1200&lt;/td&gt; &lt;td&gt;VVER-1200&lt;br /&gt;(AES-2006)&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Yangjiang&lt;br /&gt;units 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;2x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;2017&lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Xianning (Dafan)&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Hubei&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Shidaowan&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;Huaneng&lt;/td&gt; &lt;td&gt;2013?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Shidaowan&lt;br /&gt;units 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;2x1400&lt;/td&gt; &lt;td&gt;CAP1400&lt;/td&gt; &lt;td&gt;Huaneng&lt;/td&gt; &lt;td&gt;2013?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Shandong Shidaowan&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;18x210&lt;/td&gt; &lt;td&gt;HTR-PM&lt;/td&gt; &lt;td&gt;Huaneng&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Changjiang&lt;br /&gt;units 3 &amp;amp; 4&lt;/th&gt; &lt;td&gt;Hainan&lt;/td&gt; &lt;td&gt;2x650&lt;/td&gt; &lt;td&gt;CNP-600 or&lt;br /&gt;ACP-600&lt;/td&gt; &lt;td&gt;CNNC &amp;amp; Huaneng&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Haiyang&lt;br /&gt;units 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Xiaomoshan&lt;br /&gt;units 3-6&lt;/th&gt; &lt;td&gt;Hunan&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Xudabao / Xudapu&lt;br /&gt;units 3-6&lt;/th&gt; &lt;td&gt;Liaoning&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC with Datang&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Shanwei (Lufeng)&lt;br /&gt;units 3-6&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;4x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Fangchenggang&lt;br /&gt;units 3-6&lt;/th&gt; &lt;td&gt;Guangxi&lt;/td&gt; &lt;td&gt;4x1080&lt;/td&gt; &lt;td&gt;CPR-1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Yingtan&lt;/th&gt; &lt;td&gt;Jiangxi&lt;/td&gt; &lt;td&gt;2?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;Huaneng&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Nanyang&lt;br /&gt;units 1-6&lt;/th&gt; &lt;td&gt;Henan&lt;/td&gt; &lt;td&gt;6x1250?&lt;/td&gt; &lt;td&gt;AP1000 (if CPI)&lt;/td&gt; &lt;td&gt;CNNC or CPI&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Xinyang&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Henan&lt;/td&gt; &lt;td&gt;4x1080&lt;/td&gt; &lt;td&gt;CPR-1000?&lt;/td&gt; &lt;td&gt;CGNPC?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Changde (Chenzhou, Hengyang)&lt;/th&gt; &lt;td&gt;Hunan&lt;/td&gt; &lt;td&gt;4x1000?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CNNC &amp;amp; Guodian?, CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Subtotal: 74 units&lt;/th&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;&lt;strong&gt;68,000+ MWe&lt;/strong&gt; &lt;/td&gt; &lt;td colspan=&quot;4&quot;&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt; &lt;/th&gt; &lt;td colspan=&quot;6&quot;&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Jiyang&lt;/th&gt; &lt;td&gt;Anhui&lt;/td&gt; &lt;td&gt;4x?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Sanmen&lt;br /&gt;units 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Zhejiang&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Cangnan&lt;/th&gt; &lt;td&gt;Zheijiang&lt;/td&gt; &lt;td&gt;6x1000&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CGNPC/Huaneng&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Zhexi /Longyou&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Zhejiang&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Haijia /Haifeng&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;2x1000?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Jinzhouwan&lt;br /&gt;units 1&amp;amp;2&lt;/th&gt; &lt;td&gt;Liaoning&lt;/td&gt; &lt;td&gt;2x1000&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Fuling&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Chongqing&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Jingyu&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Jilin&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI &amp;amp; Guodian&lt;/td&gt; &lt;td&gt;2013?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Wuhu&lt;br /&gt;units 3-4&lt;/th&gt; &lt;td&gt;Anhui&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Pengze&lt;br /&gt;units 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Jiangxi&lt;/td&gt; &lt;td&gt;2x1100&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Heyuan /Jieyang&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt;4x1000&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CNNC?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Haiyang&lt;br /&gt;units 7&amp;amp;8&lt;/th&gt; &lt;td&gt;Shandong&lt;/td&gt; &lt;td&gt;2x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Pingnan/Baisha&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Guangxi&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Hengren&lt;br /&gt;units 1-4&lt;/th&gt; &lt;td&gt;Liaoning&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CPI&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Lanzhou&lt;/th&gt; &lt;td&gt;Gansu&lt;/td&gt; &lt;td&gt;2?&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Xiangtan&lt;/th&gt; &lt;td&gt;Hunan&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;Huadian&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Donggang&lt;/th&gt; &lt;td&gt;Liaoning&lt;/td&gt; &lt;td&gt;4x1000&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;Huadian&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Shizu&lt;/th&gt; &lt;td&gt;Chongqing&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Qiaofushan&lt;/th&gt; &lt;td&gt;Hebai&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Songzi/Xianning 5&amp;amp;6&lt;/th&gt; &lt;td&gt;Hubei&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Guangshui&lt;/th&gt; &lt;td&gt;Hubei&lt;/td&gt; &lt;td&gt;4x1250&lt;/td&gt; &lt;td&gt;AP1000&lt;/td&gt; &lt;td&gt;CGNPC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Hebaodao&lt;/th&gt; &lt;td&gt;Guangdong&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Yibin&lt;/th&gt; &lt;td&gt;Sichuan&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Sanming 3&amp;amp;4&lt;/th&gt; &lt;td&gt;Fujian&lt;/td&gt; &lt;td&gt;2x880?&lt;/td&gt; &lt;td&gt;BN-800?&lt;/td&gt; &lt;td&gt;CNNC&lt;/td&gt; &lt;td&gt;2015&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;&lt;em&gt;Site to be decided&lt;/em&gt; &lt;/th&gt; &lt;td&gt;Heilongjiang&lt;/td&gt; &lt;td&gt;4x1000&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;Huaneng&lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Subtotal: about 72 units&lt;/th&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;32x1250&lt;br /&gt;20x1000&lt;br /&gt;2x880&lt;br /&gt;c.18x210&lt;br /&gt;&lt;strong&gt;Approx. 80,000 MWe&lt;/strong&gt; &lt;/td&gt; &lt;td colspan=&quot;4&quot;&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt; &lt;/th&gt; &lt;td colspan=&quot;6&quot;&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align=&quot;center&quot;&gt; &lt;th&gt;Total: about 140&lt;/th&gt; &lt;td&gt; &lt;/td&gt; &lt;td&gt;&lt;strong&gt;138,000+ MWe&lt;/strong&gt; &lt;/td&gt; &lt;td colspan=&quot;4&quot;&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/tbody&gt; &lt;/table&gt; &lt;p class=&quot;title&quot; align=&quot;center&quot;&gt;&lt;span style=&quot;font-size:78%;&quot;&gt;&lt;em&gt;All PWR except  Shidaowan HTR-PM and Sanming BN-800. Some of these entries are based on  sketchy information. For WNA reactor table, 80% of numbers and capacity  from this table are listed as &#39;Proposed&#39;&lt;/em&gt;&lt;/span&gt; &lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Ling Ao Phase II&lt;/p&gt; &lt;p&gt;While the bidding process for the delayed Generation III plants from  overseas vendors was in train over more than two years (see section  above on &lt;a title=&quot;Embarking upon Generation III plants&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Generation_III&quot;&gt;Embarking upon Generation III plants&lt;/a&gt;),  the Guangdong Nuclear Power Group (CGNPC) signed contracts with Chinese  designers and manufacturers for two CPR-1000 reactors as Phase II of  the Ling Ao power station (also known as Ling Dong). Construction  started in December 2005 with the 1080 MWe (gross), 1037 MWe (net)  units. Unit 1 is about 50% localized and unit 2 will be 70% localized,  under the project management of China Nuclear Power Engineering  Corporation (CNPEC), part of CGNPC. Low-speed Arabelle turbine-generator  sets are being provided by Alstom. In June 2009, the first Chinese-made  reactor pressure vessel for a 1000 MWe class reactor was delivered for  unit 2, from Dongfang (Guangzhou) Heavy Machinery Co. Unit 1 started up  in June 2010 with grid connection in mid-July, 54 months after  construction start, and entered commercial operation in September. Unit 2  is expected to commence operation in 2011.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Qinshan Phase II-3&amp;amp;4&lt;/p&gt; &lt;p&gt;Construction of the second stage of Qinshan Phase II was formally  inaugurated at the end of April 2006, though first concrete had been  poured for unit 3 in March. That for unit 4 was poured in January 2007.  Local content of the two 650 MWe CNP-600 reactors will be more than 70%  and scheduled construction time is 60 months.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Hongyanhe&lt;/p&gt; &lt;p&gt;This is the first nuclear power station receiving central government  approval to build four units at the same time, and the first in  northeast China. Construction of the first unit of the Hongyanhe nuclear  power plant in Dalian, Liaoning, started in August 2007. It is the  first nuclear power project in the 11th Five-Year Plan, with owner and  operator being Liaoning Hongyanhe Nuclear Power Co, a joint venture of  CGNPC and CPI (45% each) with Dalian Construction Investment Group. The  National Nuclear Safety Administration (NNSA) issued a construction  licence for units 3 &amp;amp; 4 in March 2009, and first concrete for unit 3  was poured soon afterwards. The cost of all four 1080 MWe CPR-1000  units in the first construction phase is put at CNY 50 billion (US$ 6.6  billion). China Nuclear Power Engineering Corporation (CNPEC), part of  CGNPC, is managing the project. Shanghai Electric won a $260 million  contract for equipment and Alstom is to provide the four low-speed  Arabelle turbine-generator sets for $184 million. Localisation is above  70%. Commercial operation is planned for 2012-14. The project  incorporates a 10,080 m&lt;sup&gt;3&lt;/sup&gt;/day desalination plant.&lt;/p&gt; &lt;p&gt;In May 2010, the NRDC approved preliminary work on the CNY 25 billion  two-unit second phase of the plant (units 5&amp;amp;6), and work began in  July. The National Nuclear Safety Administration (NNSA) and the  Environment Ministry approved the project in September 2010,  construction start is expected 2011. Localisation is to be above 80% and  the first unit is expected on line in 2015.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Ningde&lt;/p&gt; &lt;p&gt;Construction of CGNPC&#39;s six-unit Ningde nuclear power plant commenced  in 2008. This is on three islands in Fuding city in northeast of Fujian  province, and the first construction phase comprises four CPR-1000  units. The project was approved by the National Development &amp;amp; Reform  Commission (NDRC) in September 2006, and local content will be about  75% for units 1&amp;amp;2 and 85% for units 3&amp;amp;4. Construction of the  first unit started in February 2008, and CGNPC expects commercial  operation of it after 58 months, in December 2012, with the others  following to 2015. First concrete for the second unit was in November  2008, for the third early in January 2010 and for the fourth at the end  of September 2010. Total cost for four units was put at CNY 51 billion  ($7.2 billion). Dongfang Electric has a contract to supply turbine  generators for units 1-4, using Alstom Arabelle low-speed technology. No  dates yet known for units 5 &amp;amp; 6.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Fuqing&lt;/p&gt; &lt;p&gt;Construction of the six-unit Fuqing nuclear power plant 170 km south  of Ningde also commenced in 2008 at Qianxe, Fuqing city in Fujian, near  Fuzhou. The Fujian Fuqing Nuclear Co Ltd was set up in May 2006 with 49%  held by China Huadian Corp. CNNC is responsible for the project which  is using CGNPC&#39;s CPR-1000 reactors since alternatives are not licensed.  First concrete for unit 1 was poured in November 2008, for unit 2 in  June 2009, and for unit 3 in December 2010. Commercial operation is  expected over 2013 to 2016. Site works are under way for further units  there, total expected cost for all six being CNY 100 billion ($14.6  billion).&lt;/p&gt; &lt;p&gt;Construction of the project is by China Nuclear Power Engineering Co.  (CNPE) and the reactor pressure vessels will be supplied by China First  Heavy Industries, as for Fangjiashan. In June 2008, Dongfang Electric  Group announced a CNY 5 billion ($725 million) contract for Alstom  Arabelle low-speed steam turbine generators for the Fuqing and  Fangjiashan plants. Late in 2010, CNNC was proposing the CNP1000 for  units 5 &amp;amp; 6, noting &quot;pre-project under way&quot;.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Yangjiang&lt;/p&gt; &lt;p&gt;Yangjiang city in western Guangdong province had originally been  earmarked for the country&#39;s first Generation III plants (see section  above on &lt;a title=&quot;Embarking upon Generation III plants&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Generation_III&quot;&gt;Embarking upon Generation III plants&lt;/a&gt;).  After plans changed in the light of pressing generation needs in the  region, Yangjiang will be the second nuclear power base of the China  Guangdong Nuclear Power Group (CGNPC). Development of all six units of  the Yangjiang plant was approved in 2004, with CPR-1000 later confirmed  as technology for it. Construction of the first of two units started in  December 2008, for commercial operation in 2013. Construction on the  first unit of the second pair started in November 2010, then the final  two (as the second construction phase) are to follow, with the last  being built by 2017. Total cost is put at CNY 70 billion ($10.1  billion).&lt;/p&gt; &lt;p&gt;Yangjiang 1-6 and a further 14 units, along with the six units at  Daya Bay/Ling Ao, will be operated under regional Daya Bay (DNMC)  management. In July 2010, Hong Kong-based power utility China Light and  Power (CLP) agreed to take a 17% stake in Yangjiang – the equivalent of  one reactor.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Fangjiashan&lt;/p&gt; &lt;p&gt;Construction of CNNC&#39;s Fangjiashan plant started at the end of  December 2008. It is close to the Qinshan plant in Zhejiang province and  essentially an extension of it, using two CPR-1000 reactors.  Construction of the CNY 26 billion ($3.8 billion) project is by China  Nuclear Power Engineering Co. (CNPE) and the reactor pressure vessels  will be supplied by China First Heavy Industries, as for Fuqing. In June  2008, Dongfang Electric Group announced a CNY 5 billion ($725 million)  contract for Alstom Arabelle low-speed steam turbine generators for the  Fuqing and Fangjiashan plants.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Sanmen&lt;/p&gt; &lt;p&gt;At the end of 2006, the Westinghouse AP1000 reactor design was  selected for Sanmen in Zhejiang province (and for Yangjiang in Guangdong  province, with the latter site changed to Haiyang). Contracts with  Westinghouse and Shaw for two units were signed in July 2007. Site works  under CNNC commenced in February 2008 and an engineering, procurement  and construction (EPC) contract was signed in March 2009 between SNPTC +  CNNC and China Nuclear Engineering &amp;amp; Construction Group (CNEC) for  both units, which will be overseen by Westinghouse and Shaw. Other  stakeholders are Zhejiang Provincial Energy Group Co Ltd, CPI Nuclear  Power Co Ltd, and China Huadian Corp. Construction on Sanmen 1 – the  world&#39;s first AP1000 unit – officially commenced on 19 April 2009. The  reactor is expected to begin operation in August 2013 with unit 2 about  one year later. Construction on unit 2 commenced in mid-December 2009.  The pressure vessel and steam generators for unit 2 are being made in  China. See section on &lt;a title=&quot;Embarking upon Generation III plants&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Generation_III&quot;&gt;Embarking upon Generation III plants&lt;/a&gt; above.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Haiyang&lt;/p&gt; &lt;p&gt;Shangdong Nuclear Power Company (a subsidiary of CPI) signed  contracts with Westinghouse and Shaw for two AP1000 units in July 2007.  Work on the site is well underway and first concrete was poured in  September 2009 for unit 1 and June 2010 for unit 2. The 5000 cubic metre  base mat of each was placed in a single pouring of less than 48 hours.  The pressure vessel and steam generators for unit 2 are being made in  China. These units are expected to commence operation in May 2014 and  March 2015. See section on &lt;a title=&quot;Embarking upon Generation III plants&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Generation_III&quot;&gt;Embarking upon Generation III plants&lt;/a&gt; above.&lt;/p&gt; &lt;p&gt;The site will eventually have six or eight units, and in March 2009,  the NDRC approved preliminary works for units 3 and 4 at the CPI site,  to be AP1000 units. Construction was expected to start late in 2010.&lt;/p&gt; &lt;p&gt;Haiyang will be a CPI training base for AP1000 staff, along with a set-up at Yantai.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Taishan&lt;/p&gt; &lt;p&gt;The first two EPRs planned for Taishan in Guangdong province form  part of an €8 billion contract signed by Areva and the Guangdong Nuclear  Power Group (CGNPC) in November 2007. The Taishan project (sometimes  referred to as Yaogu) is owned by the Guangdong Taishan Nuclear Power  Joint Venture Company Limited (TNPC), a joint venture between EDF (30%)  and CGNPC. First concrete was poured in October 2009, and unit 1 should  be commissioned early in 2014, with unit 2 in 2015. Areva is fabricating  major components for both units and expects net capacity to be 1660 MWe  each. See section on &lt;a title=&quot;Embarking upon Generation III plants&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Generation_III&quot;&gt;Embarking upon Generation III plants&lt;/a&gt; above.&lt;/p&gt; &lt;p&gt;Site works are reported to be proceeding for units 3 &amp;amp; 4, and construction is expected to start before 2015.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Shidaowan HTR-PM&lt;a class=&quot;bookmark&quot; title=&quot;HTR_PM&quot; name=&quot;HTR_PM&quot;&gt;&lt;/a&gt; &lt;/p&gt; &lt;p&gt;A demonstration high-temperature gas-cooled reactor plant, with twin  reactor modules driving a single 210 MWe steam turbine, was initially  approved in November 2005, to be built at Shidaowan in Weihai city,  Shandong province, by Huaneng Shidaowan Nuclear Power Company Ltd  (HSNPC). It will be part of the Rongcheng Nuclear Power Industrial Park  project.  The HSNPC joint venture is led by the China Huaneng Group Co –  the country&#39;s largest generating utility but hitherto without nuclear  capacity, and still without NNSA authority to build nuclear plants.  Huaneng Power International is investing CNY 5 billion in the project,  which received environmental clearance in March 2008. Site work is  largely complete, but no NNSA licence has been issued. Subject to this,  Huaneng wants to commence construction as soon as possible, for  commercial operation in 2015.  The latest (unconfirmed) reports suggest  that NDRC approval has been given for construction start at the end of  March 2011.  The EPC (engineering, procurement, construction) contract  was let in October 2008, and involves Shanghai Electric Co and Harbin  Power Equipment Co.  A simulator contract signed in May 2010 was between  HSNPC, Chinergy and CGNPC Simulator Co.  After three years of  negotiation, in March 2011 a contract was signed with SGL Group in  Germany for supply of 500,000 machined graphite spheres for HTR-PM fuel  by the end of 2013.  In November 2010 Huaneng Group signed an agreement  with US-based Duke Energy to train nuclear plant staff.&lt;/p&gt; &lt;p&gt;This will be the demonstration plant for a further 18 modules at the site, total 3,800 MWe. (See also &lt;a title=&quot;Research and development&quot; href=&quot;http://world-nuclear.org/info/inf63b_china_nuclearfuelcycle.html#R_and_D&quot;&gt;Research and development&lt;/a&gt; section in page on China&#39;s Nuclear Fuel Cycle.)&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Shidaowan (PWRs)&lt;/p&gt; &lt;p&gt;In November 2007, China Huaneng Group (CHNG) signed an agreement with  CGNPC for the Huaneng Nuclear Power Development Company to build four  CPR-1000 reactors at Shidaowan, Rongcheng city, in Shandong province in  an $8 billion deal. A letter of intent regarding the first two was  signed in 2008. However, this has now become another AP1000 project and  National Development and Reform Commission approval is being sought. &lt;/p&gt; &lt;p&gt;In October 2009, the Shidaowan Nuclear Power Development Limited  Company was set up with capital contribution 40% CHNG, 30% Huaneng  International Power Development Corp. (HIPDC) and 30% Huaneng Power  International (HPI) – both being CHNG subsidiaries. Thus none of the  authorised nuclear utilities is now involved, though Huaneng is linked  with SNPTC on the project through the State Nuclear Demonstration  Company – a 55-45% joint venture company by SNPTC and CHNG in respect to  building the first CAP1400 units (see &lt;a title=&quot;Reactor technology&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#Reactor_Technology&quot;&gt;Reactor technology&lt;/a&gt; section above), two being envisaged after the four AP1000s.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Fangchenggang&lt;/p&gt; &lt;p&gt;The Fangchenggang Nuclear Power Project is located at Hongsha  village, in the Beibu Gulf Economic Zone near Bailong in the coastal  city of Fangchenggang in the Guangxi Autonomous Region (45 km from the  Vietnam border in south China). Following an agreement in July 2006, the  first stage (two 1080 MWe CPR-1000 units out of six planned) of the  plant was approved by NDRC in October 2008, and again in July 2010.  First concrete was poured in July 2010, and about 87% of the first two  units will be sourced in China.&lt;/p&gt; &lt;p&gt;In October 2009, a general construction contract was signed with  CNPEC. Guangxi Fangchenggang Nuclear Power Co., Ltd., a joint venture  between China Guangdong Nuclear Power Group (61%) and Guangxi Investment  Group (39%), is responsible for the construction and operation. The  first unit is expected to begin commercial operation in 2015, the second  in 2016. Total budget is CNY 70 billion ($10.26 billion), with CNY 26  billion ($3.87 billion) for stage 1. (There is also a Fangchenggang  supercritical 2400 MWe coal-fired power station operated by CLP Guangxi  Fangchenggang Power Company Limited, a 70:30 equity-basis joint venture  between China Light &amp;amp; Power and Guangxi Water &amp;amp; Power  Engineering (Group) Co., Ltd.)&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Tianwan Phases II &amp;amp; III&lt;/p&gt; &lt;p&gt;In October 2006, a preliminary agreement for two further 1060 MWe  AES-91 reactors as the second construction phase at Tianwan in  Lianyungang city of Jiangsu province was signed with Russia&#39;s  Atomstroyexport. Construction of units 3 &amp;amp; 4 was to start when both  the first two units were commissioned, and hence in November 2007 a  further agreement was signed by CNNC. Preliminary approval from NDRC was  received in August 2009, and the project is expected to cost $3.8  billion. Protracted discussion on pricing for the Russian components of  the plant delayed the project. Eventually, a contract for the  engineering design of Tianwan 3 &amp;amp; 4 was signed in September 2010  between Jiangsu Nuclear Power Corporation and Atomstroyexport, and the  general construction contract was signed in November 2010. Final  approval from NDRC was received in January 2011, and first concrete was  scheduled for December 2012 and August 2013.&lt;/p&gt; &lt;p&gt;€1.3 billion was agreed for Atomstroyexport to provide 30% of the  plant including nuclear island equipment (reactor, steam generator,  pressurisers, primary piping. &lt;em&gt;etc.&lt;/em&gt;) and some related equipment.  It will not act as the principal contractor, though it insists on  retaining intellectual property rights. Jiangsu Nuclear Power  Corporation is responsible for about 70% of the project, namely, the  civil work, turbine island with equipment and related infrastructure on  the site. The turbine generator sets will probably be sourced from  Dongfang Electric, using Alstom Arabelle low-speed technology.&lt;/p&gt; &lt;p&gt;Meanwhile, Iskorskiye Zavody, part of OMZ, has started making the  major components covered by the Russian €1.3 billion part of the plant.  It will manufacture two VVER-1000 reactor pressure vessels with  internals and upper units. Delivery should be completed in 2014. The  company already took part in making the major equipment for Tianwan 1  &amp;amp; 2, including reactor pressure vessels.&lt;/p&gt; &lt;p&gt;In August 2009, the Assets Supervision &amp;amp; Administration  Commission announced that Phase 3 of Tianwan (units 5 &amp;amp; 6) would  start construction in October 2010 – now delayed. These are likely to be  AES-2006 type, though some reports have them as CPR-1000.  Dongfang  Electric has a contract to supply turbine generators using Alstom  Arabelle low-speed technology. CNNC reported an EPC contract between  Jiangsu and CNPE in February 2011, making CNPE the project manager.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Hongshiding (Rushan)&lt;/p&gt; &lt;p&gt;In November 2006, an agreement was signed by CNNC to proceed with the  first two units of the Hongshiding nuclear plant at Hongshiding in  Weihai or Rushan city, Shandong province, costing $ 3.2 billion, with  construction to begin in 2009 and first power in 2015. However, it  appears to have been deferred. Six units totaling 6000-8000 MWe are  envisaged at the site, with Shandong Hongshiding Nuclear Power Co. Ltd  as developer.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Changjiang&lt;/p&gt; &lt;p&gt;CNNC&#39;s Changjiang nuclear power plant on Hainan Island started  construction in April 2010 for operation of the first unit at the end of  2014 and the second in 2015. It will eventually comprise four 650 MWe  PWR units (CNP-600) based on those at Qinshan Phase II. Total cost of  the first pair is put at about CNY 20 billion ($2.8 billion). Units 3  &amp;amp; 4 will be built as the second phase of construction. Huaneng Power  International (HPI), part of China Huaneng Group (CHNG), holds a 30%  share in Hainan Nuclear Power Co Ltd. More than 70% of the plant&#39;s  equipment is to be made in China.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Sanming&lt;a class=&quot;bookmark&quot; title=&quot;Sanming&quot; name=&quot;Sanming&quot;&gt;&lt;/a&gt; &lt;/p&gt; &lt;p&gt;In October 2009, an agreement was signed by CIAE and CNEIC (a CNNC  subsidiary responsible for technology imports) with Russia&#39;s  Atomstroyexport to start pre-project and design works for a commercial  nuclear power plant with two BN-800 fast neutron reactors (referred to  as Chinese Demonstration Fast Reactors) at Sanming city, an inland part  of Fujian province. A site survey and preliminary feasibility study had  been undertaken in 2007-08. CNNC in April 2010 established Sanming  Nuclear Power Co Ltd as a joint venture company with the Fujian  Investment &amp;amp; Development Corp and local government, and initiated a  full feasibility study. Construction is due to start in 2013, the local  content is targeted at 70%, and the first unit is to be in operation in  2018, and the second following about a year later. A second phase, with  units 3 &amp;amp; 4, is due to commence in 2015. The plant will be similar  to the OKBM Afrikantov design being built in Russia at Beloyarsk 4 and  due to start up in 2012.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Xudabao/Xudabu&lt;/p&gt; &lt;p&gt;CNNC&#39;s Xudabao nuclear power station is in Xingcheng City, Huludao,  in coastal Liaoning province. The CNY 90 billion (US$15 billion) Xudabao  project will comprise six AP1000 reactors, with units 1&amp;amp;2 in the  US$4 billion first phase. Site preparation was under way in November  2010, and final NDRC approval in January 2011 will allow construction  start in September 2011. CNNC&#39;s Liaoning Nuclear Power Company Ltd owns  the plant, with Datang International Power Generation Co holding 20%  equity, and State Development and Investment Corporation (SDIC) 10%. The  general contractor is China Nuclear Power Engineering Company Ltd  (CNPE). In October 2010, the Northeast Electric Power Design Institute  (NEPDI), Changchun, Jilin, a subsidiary of China Power Engineering  Consulting Corporation (CPECC), signed a survey and engineering contract  for the plant.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Lianyungang&lt;/p&gt; &lt;p&gt;CGNPC&#39;s Lianyungang nuclear power project is planned to have four  units of 1000 MWe class to be constructed in phases. This is in Xinxu  town, Lianyun district, Lianyungang city, Jiangsu province close to  CNNC&#39;s Tianwan plant and involving the Jiangsu Nuclear Power Company. A  proposal has been submitted to the NRDC and preparations for the project  are proceeding, but prospects in the 12th Five Year Plan are uncertain.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Shanwei (Lufeng)&lt;/p&gt; &lt;p&gt;CGNPC&#39;s Lufeng Nuclear Power Corporation is making efforts to start  on the first two units (of 6) of the Shanwei plant at Lufeng, Tianwei  district in eastern Guangdong, but awaits NDRC approval. It will be a  CNPEC project.  It is in the 12th 5-year plan, so construction start by  2015 is likely. &lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Zhangzhou&lt;/p&gt; &lt;p&gt;China Guodian&#39;s first nuclear power venture, with CNNC holding 51%,  will initially have two AP1000 reactors, on the coast in Fujian  province.&lt;/p&gt; &lt;h2 class=&quot;InfoBodySubHeading&quot;&gt;Inland nuclear power plants&lt;/h2&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Xianning&lt;/p&gt; &lt;p&gt;In August 2008, CGNPC and Hubei Energy Group Ltd set up the Hubei  Nuclear Power Company as a joint venture and announced plans to build a  nuclear power plant in Xianning city of the inland Hubei province. Site  works for this plant (four AP1000 units) at Dafan are under way.  Construction of the first two units was expected to start in 2011, but  may be delayed to 2015. The reactor pressure vessel for the first unit  is contracted to China First Heavy Industries, and the first two 209  metre high cooling towers to Belgium&#39;s Hamon Thermal. The cost of four  AP1000 reactors is put at CNY 60 billion ($8.8 billion). This will be  CGNPC&#39;s first AP1000 plant. A further phase is estimated to cost CNY 45  billion.&lt;/p&gt; &lt;p&gt;The large pre-assembled modules that will make up the bulk of the new  AP1000s are to come from a new inland facility owned by new firm Hubei  Nuclear Power Equipment Company.&lt;/p&gt; &lt;p&gt;Reports of a Songzi plant may refer to later stages of Dafan, though possible projects in Yangxin county have been mentioned.&lt;/p&gt; &lt;p&gt;The Hubei Nuclear Power Co is also reported to be planning a  four-unit AP1000 plant at Guangshui city in the northeast of the  province.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Pengze&lt;/p&gt; &lt;p&gt;CPI&#39;s Jiangxi Pengze Nuclear Power Project in Jiangxi province is to  have four AP1000 reactors costing CNY 60 billion ($8.8 billion). The  site has been prepared for the first two units, and safety and  environmental approvals were obtained in May 2009. CPI signed the EPC  contract framework for phase 1 (units 1 &amp;amp; 2) in August 2009, the  engineering project contract was reported to be between CPI Jiangxi  Nuclear Power and CPIC. The equipment procurement was reported to be  between CPIC and China Power Complete Equipment. CPI aimed to start  construction in 2010, for 2013 start-up, but construction may be delayed  to 2015. The project is inland in Juijiang city, on the Yangtze River.  The cooling towers are being designed by Belgium&#39;s Hamon Thermal for the  State Nuclear Electric Power Planning Design and Research Institute  (SNPDRI).&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Taohuajiang&lt;/p&gt; &lt;p&gt;CNNC&#39;s Taohuajiang nuclear power plant on the Zi River in Yiyang  city, near Yueyang in inland Hunan province will be China&#39;s first inland  nuclear power plant. It was expected to start construction in September  2010, and site works are under way, but construction may be delayed to  2015. (It is also referred to as the Taohua [peach blossom] River  project.) CNNC set up Hunan Taohuajiang Nuclear Power Co Ltd. to build  and operate the plant. Initially this was to be 4 x 1000 MWe at a total  cost of CNY 34 billion, but it will now be a four-unit AP1000 project  costing CNY 67 billion. The main contractor is China Nuclear Industry  23rd Construction Co Ltd; China Erzhong is contracted to supply the main  pressure vessel forgings, and Dongfang Electric Corp will supply other  major components. Germany&#39;s GEA Group is to construct the cooling tower  for unit 1: a natural draft unit some 200 metres high and 160 m in  diameter, with 15,000 square metres drenching area. Subsequent towers  will have increasing local content.&lt;/p&gt; &lt;p&gt;It was approved by the NDRC in November 2005, and in 2008 the project  was approved for preliminary construction. The design by SNERDI under  SNPTC and SNPDRI was submitted to the NNSA in February 2010 for  licensing. A general framework agreement for construction was signed by  CNNC with CNPE Corporation as EPC contractor in December 2010. The first  unit was originally expected in commercial operation in April 2015, and  the fourth in 2018.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Xiaomoshan&lt;/p&gt; &lt;p&gt;The Xiaomoshan nuclear power plant on the Yangtze River in Huarong  county, Yueyang city, Hunan province (inland), is a priority project for  CPI. It will eventually have six AP1000 reactors and be built by Hunan  Nuclear Power Company Ltd in two phases. NDRC approval was given in 2006  but as of mid-2010 NNSA approval was awaited. Site preparation is  underway and first concrete was expected late in 2010. The cost is put  at CNY 70 billion ($10.25 billion) for the first four units, funded by  SNPTC and Wuling Electric Power Development Co. (a CPI subsidiary). The  Heimifeng pumped storage plant will be associated with it.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Yanjiashan/Wanan/Ji&#39;an&lt;/p&gt; &lt;p&gt;In August 2009, CNNC (51%) signed a joint venture agreement with  Jiangxi Ganneng Co. Ltd and Jiangxi Ganyue Expressway Co Ltd (49%  between them) setting up Jiangxi Nuclear Power Co to build the Wanan  Yanjiashan nuclear power project at Ji&#39;an in the Jiangxi province. CNNC  contracted a feasibility study of Yanjiashan nuclear power program in  July 2010. Pre-project work was reported as under way in November 2010.  (This is also reported as a CPI project.)&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Hengyang&lt;/p&gt; &lt;p&gt;Also in August 2009, CNNC signed an agreement with Hengyang city in  Hunan province to build a nuclear power plant there or nearby. This is  about 200km south of its Taohuajiang project at Yiyang city in Hunan.  China Guodian Corporation, one of the country&#39;s largest power producers,  is involved in the project though it has no nuclear capacity so far.&lt;/p&gt; &lt;p&gt; &lt;/p&gt; &lt;p style=&quot;padding: 0px; text-transform: none; margin: 0px 0px 15px; letter-spacing: normal; color: rgb(0, 0, 0); font-weight: bold;&quot; class=&quot;infoboldcolor&quot;&gt;Zhongxiang&lt;/p&gt; &lt;p style=&quot;padding: 0px; text-transform: none; margin: 0px 0px 15px; letter-spacing: normal; font-weight: normal;&quot;&gt;CNNC&#39;s  Hubei Zhongxiang nuclear power project is at Zhongxiang city in central  Hubei, with China Datang. The 5000 MWe plant is undergoing a detailed  feasibility study, but further details are unknown.&lt;/p&gt; &lt;p style=&quot;padding: 0px; text-transform: none; margin: 0px 0px 15px; letter-spacing: normal; font-weight: normal;&quot;&gt; &lt;/p&gt; &lt;p style=&quot;padding: 0px; text-transform: none; margin: 0px 0px 15px; letter-spacing: normal; color: rgb(0, 0, 0); font-weight: bold;&quot; class=&quot;infoboldcolor&quot;&gt;Wuhu&lt;/p&gt; &lt;p style=&quot;padding: 0px; text-transform: none; margin: 0px 0px 15px; letter-spacing: normal; font-weight: normal;&quot;&gt;The  Wuhu nuclear plant on the Yangtze River in the Bamaoshan area, Fanchang  county, of Anhui province was planned to have four 1000 MWe CPR-1000  units, but is now designated for AP1000s to be constructed in two  phases. CGNPC&#39;s proposal for two units of phase 1 has been submitted,  some preparatory work is under way and the Anhui Wuhu Nuclear Power Co  has been set up, with 51% CGNPC ownership. The environmental impact  statement was released for public comment in January 2010. The first  unit is due on line in 2016.&lt;/p&gt; &lt;p style=&quot;padding: 0px; text-transform: none; margin: 0px 0px 15px; letter-spacing: normal; color: rgb(0, 0, 0); font-weight: bold;&quot; class=&quot;infoboldcolor&quot;&gt;Jiyang&lt;/p&gt; &lt;p style=&quot;padding: 0px; text-transform: none; margin: 0px 0px 15px; letter-spacing: normal; font-weight: normal;&quot;&gt;Besides  Wuhu, CNNC was reported as starting a feasibility study on another  four-unit nuclear plant in the Anhui province, at Jiyang in Chizhou  city, in December 2008.&lt;/p&gt; &lt;p&gt; &lt;/p&gt; &lt;p&gt; &lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Nanchun/Nanchong/Sanba, Yibin&lt;/p&gt; &lt;p&gt;In 2005, Sichuan proposed Nanchun/ Nanchong city east of Chengdu as a  suitable site for a nuclear power plant and sought approval for it from  the National Development and Reform Commission (NDRC), which was not  given, possibly because of seismic concerns. In March 2009, the  provincial government signed an agreement with CGNPC to pursue the plan  for a Nanchun nuclear power plant, involving the Nuclear Power Institute  of China (NPIC), headquartered in Chendu. Preliminary plans in 2008  were for a 4000-6000 MWe Sanba nuclear power plant on the Jialing River,  at a cost of CNY 25 billion ($3.7 billion). Majority ownership would be  CGNPC.&lt;/p&gt; &lt;p&gt;Another Sichuan agreement for a nuclear power plant project has been signed between CNNC and Yibin city, south of Chengdu.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Shaoguan&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;CGNPC&#39;s Shaoguan nuclear plant will  comprise four AP1000 reactors and is expected to cost RMB 50 billion. It  will be located in Baitu Town of Qujiang District in Shaoguan City, and  will be the first inland nuclear power project in Guangdong. The  Shaoguan Nuclear Power Co was established in April 2010.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Xiangtan&lt;/p&gt; &lt;p&gt;In December 2009, China Huadian Corp signed an agreement with  Xiangtan city government in Hunan to undertake studies for a CNY 60  billion power plant comprising four 1250 MWe reactors. A refined  proposal was expected in September 2010. This will apparently be the  fourth nuclear project for China Huadian.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Longyou/ Zhexi&lt;/p&gt; &lt;p&gt;In October 2008 a project proposal was submitted to NDRC by CNNC and  Zhejiang Energy Group Co Ltd for a western Zhejiang nuclear power plant  in Hangzhou with four AP1000 reactors, though earlier reports had four  1000 MWe units to be built in two phases from late 2010. The proposed  site is Tuanshi, Longyou county. Pre-project work was reported as under  way in November 2010.&lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Jingyu&lt;/p&gt; &lt;p&gt;CPI plans to spend CNY 85 billion to build the six-unit Jingyu  nuclear power plant near Baishan, in Jilin province, with four AP1000  units to be in stage 1. The project is still in the preliminary  feasibility stage, though site preperation is now underway. &lt;/p&gt; &lt;p class=&quot;infoboldcolor&quot;&gt;Nanyang&lt;/p&gt; &lt;p&gt;To be a six-unit CNNC plant in Henan province. Pre-project work was reported as under way in November 2010.&lt;/p&gt; &lt;hr /&gt; &lt;h2 class=&quot;InfoBodySubHeading&quot; align=&quot;center&quot;&gt;&lt;strong&gt;Further Information&lt;/strong&gt;&lt;/h2&gt; &lt;h2 class=&quot;InfoBodySubHeading&quot;&gt;Notes&lt;a class=&quot;bookmark&quot; title=&quot;Notes&quot; name=&quot;Notes&quot;&gt;&lt;/a&gt;&lt;/h2&gt; &lt;p&gt;a. According to the China Electricity Council, electricity  consumption in 2010 increased 14.6% to 4190 billion kWh, corresponding  with a 10% growth in gross domestic product (GDP). Some 3090 billion kWh  of this was in industry. China&#39;s energy consumption per unit of GDP met  a target reduction of 20% from 2005 levels by the end of 2010,  according to the National Development and Reform Commission (NDRC). The  energy intensity targets for the following five years are expected to be  about 17%. [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#a&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;b. The CNP series of reactors is also referred to as the CP series. [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#b&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;c. The ACP600 design appears to be an advanced version of the  CNP-600. CNNC expects to complete development of the ACP600 design by  2013. [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#c&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;h2 class=&quot;InfoBodySubHeading&quot;&gt;References&lt;a class=&quot;bookmark&quot; title=&quot;References&quot; name=&quot;References&quot;&gt;&lt;/a&gt;&lt;/h2&gt; &lt;p&gt;1. &lt;a title=&quot;Cost of Pollution in China: Economic Estimates of Physical Damages&quot; href=&quot;http://go.worldbank.org/FFCJVBTP40&quot; target=&quot;_blank&quot;&gt;Cost of Pollution in China: Economic Estimates of Physical Damages&lt;/a&gt;, The World Bank, State Environmental Protection Administration, P. R. China (February 2007) [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#1&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;2. Platts &lt;em&gt;Power in Asia&lt;/em&gt;, 21 January 2010; &lt;a title=&quot;China&#39;s electricity consumption jumps 14.56% in 2010&quot; href=&quot;http://news.xinhuanet.com/english2010/china/2011-01/17/c_13693802.htm&quot; target=&quot;_blank&quot;&gt;China&#39;s electricity consumption jumps 14.56% in 2010&lt;/a&gt;, Xinhua News Agency (17 January 2011) [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#2&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;3. &lt;a title=&quot;International Energy Outlook 2009&quot; href=&quot;http://www.eia.doe.gov/oiaf/ieo/pdf/0484%282009%29.pdf&quot; target=&quot;_blank&quot;&gt;International Energy Outlook 2009&lt;/a&gt;, Energy Information Administration, U.S. Department of Energy, DOE/EIA-0484(2009), available at &lt;a title=&quot;International Energy Outlook 2009&quot; href=&quot;http://www.eia.doe.gov/oiaf/ieo/index.html&quot; target=&quot;_blank&quot;&gt;www.eia.doe.gov/oiaf/ieo/index.html&lt;/a&gt; [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#3&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;4. &lt;a title=&quot;Maintain nuclear perspective, China told&quot; href=&quot;http://www.world-nuclear-news.org/NP_Maintain_nuclear_perspective_China_told_1101112.html&quot; target=&quot;_blank&quot;&gt;Maintain nuclear perspective, China told&lt;/a&gt;, World Nuclear News (11 January 2011) [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#4&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;5. &lt;a title=&quot;APWR and HTR are listed into the national program&quot; href=&quot;http://www.cnnc.com.cn/en/tabid/166/InfoID/6939/frtid/161/Default.aspx&quot; target=&quot;_blank&quot;&gt;APWR and HTR are listed into the national program&lt;/a&gt;, CNNC news release (24 February 2006) [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#5&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;6. &lt;a title=&quot;Criticality for fast reactor&quot; href=&quot;http://www.world-nuclear-news.org/newsarticle.aspx?id=28097&quot; target=&quot;_blank&quot;&gt;Criticality for fast reactor&lt;/a&gt; World Nuclear News (22 July 2010) [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#6&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;7. &lt;a title=&quot;2007 Annual Report of China Power Investment Corporation&quot; href=&quot;http://eng.cpicorp.com.cn/e_annualreport/200811/W020081126409730008885.jpg&quot; target=&quot;_blank&quot;&gt;2007 Annual Report of China Power Investment Corporation&lt;/a&gt; (26 November 2008) [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#7&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;p&gt;8. &lt;a title=&quot;Unit 3 at Qinshan Phase II Nuclear Power Station begins operation&quot; href=&quot;http://english.peopledaily.com.cn/90001/90778/90860/7174574.html&quot; target=&quot;_blank&quot;&gt;Unit 3 at Qinshan Phase II Nuclear Power Station begins operation&lt;/a&gt; People&#39;s Daily Online (22 October 2010) [&lt;a title=&quot;Back&quot; href=&quot;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China#8&quot;&gt;Back&lt;/a&gt;]&lt;/p&gt; &lt;h2 class=&quot;InfoBodySubHeading&quot;&gt;General sources&lt;/h2&gt; &lt;p&gt;China Guangdong Nuclear Power Group website (&lt;a title=&quot;CGNPC website&quot; href=&quot;http://www.cgnpc.com.cn/n2881959/n3075227/index.html&quot; target=&quot;_blank&quot;&gt;www.cgnpc.com.cn&lt;/a&gt;)&lt;/p&gt; &lt;p&gt;China National Nuclear Corporation website (&lt;a title=&quot;CNNC website&quot; href=&quot;http://www.cnnc.com.cn/english/index.htm&quot; target=&quot;_blank&quot;&gt;www.cnnc.com.cn&lt;/a&gt;)&lt;/p&gt; &lt;p&gt;Country Analysis Briefs: &lt;a title=&quot;China&quot; href=&quot;http://www.eia.doe.gov/cabs/China/pdf.pdf&quot; target=&quot;_blank&quot;&gt;China&lt;/a&gt;, Energy Information Administration, U.S. Department of Energy, available at &lt;a title=&quot;EIA Country Analysis Briefs: China&quot; href=&quot;http://www.eia.doe.gov/emeu/cabs/China/Full.html&quot; target=&quot;_blank&quot;&gt;http://www.eia.doe.gov/emeu/cabs/index.html&lt;/a&gt; &lt;/p&gt; &lt;p&gt;&lt;em&gt;Uranium 2007: Resources, Production and Demand&lt;/em&gt;, OECD Nuclear Energy Agency and International Atomic Energy Agency, 2008 (ISBN: 9789264047662)&lt;/p&gt; &lt;p&gt;Nicobar Group website (&lt;a title=&quot;Nicobar Group website&quot; href=&quot;http://www.nicobargroup.com/&quot; target=&quot;_blank&quot;&gt;www.nicobargroup.com&lt;/a&gt;)&lt;/p&gt; &lt;p&gt;Dynabond PowerTech website (&lt;a title=&quot;Dynabond PowerTech website&quot; href=&quot;http://www.dynabondpowertech.com/&quot; target=&quot;_blank&quot;&gt;www.dynabondpowertech.com&lt;/a&gt;)&lt;/p&gt; &lt;p&gt;Proceedings of the World Nuclear Association&#39;s &lt;a title=&quot;China International Nuclear Symposium&quot; href=&quot;http://www.wna-symposium.org/china/index.html&quot; target=&quot;_blank&quot;&gt;China International Nuclear Symposium&lt;/a&gt;, held in Beijing on 23-25 November 2010.&lt;/p&gt;&lt;p&gt;&lt;br /&gt;&lt;/p&gt;&lt;p&gt;http://world-nuclear.org/info/default.aspx?id=320&amp;amp;terms=Nuclear%20power%20in%20China&lt;/p&gt;</description><link>http://daisyhwku.blogspot.com/2011/03/nuclear-power-in-china.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-7393757784879205157</guid><pubDate>Mon, 14 Mar 2011 14:01:00 +0000</pubDate><atom:updated>2011-03-14T07:01:29.819-07:00</atom:updated><title>Nation &amp; World | Radioactivity detected 60 miles from the Fukushima Daiichi nuclear plant | Seattle Times Newspaper</title><description>&lt;a href=&quot;http://seattletimes.nwsource.com/html/nationworld/2014489916_quakenuke14.html&quot;&gt;Nation &amp;amp; World | Radioactivity detected 60 miles from the Fukushima Daiichi nuclear plant | Seattle Times Newspaper&lt;/a&gt;</description><link>http://daisyhwku.blogspot.com/2011/03/nation-world-radioactivity-detected-60.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-7909623979104098483</guid><pubDate>Sun, 13 Mar 2011 11:11:00 +0000</pubDate><atom:updated>2011-03-13T04:11:41.771-07:00</atom:updated><title>A perfect storm of man-made and natural disasters</title><description>&lt;span class=&quot;bylineBody&quot;&gt;By &lt;a title=&quot;Tom Stevenson&quot; href=&quot;http://www.telegraph.co.uk/finance/comment/tom-stevenson/&quot;&gt;Tom Stevenson&lt;/a&gt;&lt;/span&gt;          &lt;span class=&quot;publishedDate&quot;&gt;5:00PM GMT 12 Mar 2011&lt;/span&gt;      &lt;p class=&quot;comments&quot;&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/finance/comment/tom-stevenson/8377391/Japan-earthquake-could-rock-the-global-recovery.html#disqus_thread&quot;&gt;1 Comment&lt;/a&gt;    &lt;/p&gt;   &lt;div class=&quot;cl&quot;&gt; &lt;/div&gt;     &lt;div class=&quot;firstPar&quot;&gt;&lt;p&gt; The mountainous country lives on its coast so the position of the epicentre    off the eastern seaboard could hardly have been worse.  &lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;secondPar&quot;&gt; &lt;p&gt; Markets conducted their pitiless audit of the likely impact on Friday and will    continue doing so tomorrow. Their calculation is roughly this: the most    recent comparable disaster in Japan, the 1995 Kobe quake, incurred a heavy    human and economic cost from which the important seaport has arguably never    fully recovered. More than 6,000 perished in Kobe while the financial cost    was estimated at around $100bn (£62bn).  &lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;thirdPar&quot;&gt; &lt;p&gt; With the affected area this time representing a relatively small share of    Japanese output, the impact could be rather lower but it is too soon to tell    with any certainty. Kobe was a major logistics hub so supply chains were    seriously compromised.  &lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;fourthPar&quot;&gt; &lt;p&gt; In the short term, the impact on the Japanese economy will be negative, in    part due to physical damage to infrastructure and capital stock and because    of the psychological trauma suffered by the Japanese, which is likely to    trigger risk aversion, a drop in consumer confidence and an increased urge    to save.  &lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;fifthPar&quot;&gt; &lt;p&gt; Further out, the rebuilding effort will probably stimulate the economy via    construction and other capital spending. The net impact on GDP might be    positive, not least because the Bank of Japan quickly made it clear it will    provide whatever liquidity is required. Fiscal policy is likely to ease.  &lt;/p&gt;&lt;/div&gt;  &lt;div class=&quot;related_links_inline&quot;&gt;    &lt;div class=&quot;headerOne styleThree&quot;&gt;&lt;h2&gt;&lt;span&gt;Related Articles&lt;/span&gt;&lt;/h2&gt;&lt;/div&gt;      &lt;ul&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/finance/markets/8376330/Japan-earthquake-hits-global-markets.html&quot;&gt;Japan quake hits global markets&lt;/a&gt;     &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;11 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/finance/markets/8376108/Oil-falls-after-Japan-earthquake-Saudi-crackdown.html&quot;&gt;Oil falls after quake, Saudi crackdown&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;11 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/finance/markets/8375674/Japan-earthquake-market-reaction.html&quot;&gt;Japan earthquake: market reaction&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;11 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/news/worldnews/asia/japan/8375380/Major-tsunami-damage-in-northern-Japan-after-8.9-magnitude-earthquake.html&quot;&gt;Major tsunami damage in Japan after 8.9 magnitude earthquake&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;11 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/news/worldnews/asia/japan/8375373/Japan-earthquake-live.html&quot;&gt;Thousand dead as 30ft tsunami hits Japan&lt;/a&gt;     &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;11 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;li class=&quot;bullet&quot;&gt;              &lt;p&gt;     &lt;a href=&quot;http://www.telegraph.co.uk/finance/markets/8376330/Japan-earthquake-hits-global-markets.html&quot;&gt;Japan earthquake hits global markets&lt;/a&gt;   &lt;/p&gt;   &lt;span class=&quot;relContDate&quot;&gt;11 Mar 2011&lt;/span&gt;              &lt;/li&gt;&lt;/ul&gt;   &lt;/div&gt;  &lt;div class=&quot;body&quot;&gt; &lt;p&gt; With the earthquake striking so close to the end of the trading week in Tokyo,    the full stock market impact will not become apparent until Monday morning.    The 1.7pc fall in the Nikkei on Friday was as much a knock-on from    Thursday&#39;s poor showing on Wall Street as a reaction to the unfolding    disaster.  &lt;/p&gt; &lt;p&gt; The stock market impact of Kobe was prolonged, with the Japanese market    underperforming the S&amp;amp;P 500 for many weeks. In part this was a response    to the rapid appreciation of the yen as overseas investments held by    Japanese investors were repatriated.  &lt;/p&gt; &lt;p&gt; Foreign assets tend to be liquidated first when there is an urgent demand for    capital, and in the weeks following the Kobe quake insurance companies sold    off US Treasury bonds – their most liquid holdings – in order to meet a    surge in claims by their Japanese customers.  &lt;/p&gt; &lt;p&gt; This time around, the currency market response was initially to sell off the    yen as hot money flowed out of Japan, but this was almost immediately    reversed and it is likely the Japanese currency will remain underpinned by    international flows for some time to come. This will be a negative for the    export-reliant stock market.  &lt;/p&gt; &lt;p&gt; The insurance sector was unsurprisingly in the spotlight on Friday. The    reinsurers are quite heavily exposed to a Japanese earthquake and they have    experienced a busy year already for natural catastrophes, so further losses    could hit their balance sheets hard. What is not yet clear is whether the    price tag is heavy enough to trigger higher premiums during the renewal    season, which starts in April.  &lt;/p&gt; &lt;p&gt; It is difficult to generalise from previous natural disasters about what the    longer-term market and economic impact will be. Hurricane Katrina cost $45bn    and is estimated to have taken 1pc off US GDP, but its market impact was    minimal. In New Zealand, the Christchurch quake has already led to a    half-point cut in interest rates to an all-time low. Australia&#39;s floods had    little immediate impact but a $1.8bn tax hike to fund reconstruction was    taken badly by investors.  &lt;/p&gt; &lt;p&gt; Friday&#39;s quake came at a bad time for global markets. Already, the two-year    anniversary of the bottom of the bear market in March 2009 had turned into a    damp squib. Last week was characterised by an intensification of the turmoil    in North Africa and the Middle East, concerns over Chinese inflation and the    re-emergence of the eurozone as a serious concern following the downgrade of    the sovereign debt of both Spain and Greece.  &lt;/p&gt; &lt;p&gt; The key question for investors is the extent to which the global economic    recovery could be derailed by this perfect storm of man-made and natural    disasters. The answer is probably less than you might think, transfixed as    we are by TV footage of a tidal wave sweeping across defenceless rice    fields.  &lt;/p&gt; &lt;p&gt; &lt;strong&gt;&lt;a href=&quot;mailto:tomrstevenson@fil.com&quot;&gt;tomrstevenson@fil.com&lt;/a&gt;&lt;/strong&gt; &lt;/p&gt; &lt;p&gt; &lt;i&gt;Tom Stevenson is an investment director at Fidelity International. The    views expressed are his own. &lt;/i&gt;&lt;/p&gt; &lt;p&gt; &lt;i&gt;&lt;a href=&quot;http://www.twitter.com/tomstevenson63&quot;&gt;www.twitter.com/tomstevenson63&lt;/a&gt;.&lt;/i&gt; &lt;/p&gt; &lt;/div&gt;</description><link>http://daisyhwku.blogspot.com/2011/03/perfect-storm-of-man-made-and-natural.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-5849007265107956723</guid><pubDate>Sun, 13 Mar 2011 09:41:00 +0000</pubDate><atom:updated>2011-03-13T01:42:06.270-08:00</atom:updated><title>Nuclear safety worries spread to Europe</title><description>Tens of thousands of people have taken part in an anti-nuclear  demonstration in southern Germany. The demonstration had been planned  for some time, but after the &lt;a href=&quot;http://www.guardian.co.uk/world/2011/mar/12/japan-nuclear-meltdown-fukushima-reactor&quot; title=&quot;Japan&#39;s fears of nuclear mayhem recede as nuclear reactor starts to cool&quot;&gt;news of Japan&#39;s nuclear emergency&lt;/a&gt;, organisers were overwhelmed by crowds of around 50,000 people who turned up.&lt;div id=&quot;content&quot;&gt;&lt;ul class=&quot;article-attributes&quot;&gt;&lt;div id=&quot;article-wrapper&quot; switch=&quot;on&quot;&gt;&lt;figure&gt;&lt;figcaption&gt;&lt;div id=&quot;article-body-blocks&quot;&gt;&lt;p&gt;The  demonstrators, who stretched in a 45km chain from Neckarwestheim power  plant to the city of Stuttgart, were demanding that the German  government move away from &lt;a href=&quot;http://www.guardian.co.uk/environment/nuclearpower&quot; title=&quot;More from guardian.co.uk on Nuclear power&quot;&gt;nuclear power&lt;/a&gt;.&lt;/p&gt;&lt;p&gt;Chancellor &lt;a href=&quot;http://www.guardian.co.uk/world/angela-merkel&quot; title=&quot;More from guardian.co.uk on Angela Merkel&quot;&gt;Angela Merkel&lt;/a&gt;, who has extended the lifespan of Germany&#39;s nuclear power plants, summoned senior cabinet ministers to an emergency meeting.&lt;/p&gt;&lt;p&gt;The  Japanese radiation leak comes at a difficult time for Merkel, whose  conservatives face three state elections in March where worries over  nuclear safety could rally her opponents. The opposition Social  Democrats and Greens have called for change and claim several German  nuclear plants could not withstand a direct hit by an aircraft or an  earthquake.&lt;/p&gt;&lt;p&gt;&quot;We cannot master nature, nature rules us,&quot; said Renate Kuenast, the Greens&#39; parliamentary leader.&lt;/p&gt;&lt;p&gt;The  government&#39;s decision last year to keep Germany&#39;s 17 nuclear plants  running for about 12 years beyond their original shutdown date has  weighed on the popularity of Merkel&#39;s coalition.&lt;/p&gt;&lt;p&gt;In Italy a senior  government politician said the earthquake would not change plans to  move ahead with a new nuclear power scheme.&lt;/p&gt;&lt;p&gt;Italy is the only G8  industrialised nation that does not produce nuclear power, but prime  minister Silvio Berlusconi wants to generate a quarter of the country&#39;s  electricity from nuclear in the future.&lt;/p&gt;&lt;p&gt;Italy is also at high risk  of suffering natural disasters, mainly due to earthquakes. &quot;The  position remains what it is, you can&#39;t keep changing it,&quot; Fabrizio  Cicchitto, leader of Berlusconi&#39;s PDL party in the lower house told  reporters. &quot;It&#39;s not just recently that we have &lt;a href=&quot;http://www.guardian.co.uk/environment/energy&quot; title=&quot;More from guardian.co.uk on Energy&quot;&gt;energy&lt;/a&gt; problems,&quot; he said.&lt;/p&gt;&lt;p&gt;In the UK the energy secretary &lt;a href=&quot;http://www.guardian.co.uk/politics/chrishuhne&quot; title=&quot;More from guardian.co.uk on Chris Huhne&quot;&gt;Chris Huhne&lt;/a&gt;  said the government was monitoring the nuclear situation in Japan.  &quot;It&#39;s too early to say what the cause was, let alone what the  implications are. We are working extremely closely with the IAEA to  establish what has happened. Safety is the number one priority for the  nuclear industry.&quot;&lt;/p&gt;&lt;p&gt;Privately, many in government and the private  energy sector in the UK are worried that the raising of the spectre of  nuclear disaster will have implications for the coalition&#39;s huge  building programme for ten new power stations to replace the UK&#39;s ageing  reactors.&lt;/p&gt;&lt;p&gt;The accident in Japan comes days after the Navy  admitted the reactors on British submarines are &#39;significantly below  benchmarked good practice&#39;, and weeks before the 25th anniversary of the  Chernobyl disaster, which will push fears over nuclear safety back to  the forefront of the minds of the British public.&lt;/p&gt;&lt;p&gt;Jan Beranek,  head of Greenpeace International Nuclear Campaign, asked for the  construction project to be scrapped in the wake of the Japanese  earthquake. &quot;Governments should invest in renewable energy resources  that are not only environmentally sound but also affordable and  reliable,&quot; he said.&lt;/p&gt;     &lt;/div&gt;                                                                    &lt;/figcaption&gt;                 &lt;/figure&gt;&lt;/div&gt;&lt;/ul&gt;&lt;/div&gt;</description><link>http://daisyhwku.blogspot.com/2011/03/nuclear-safety-worries-spread-to-europe.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-3278933385853229670</guid><pubDate>Sat, 12 Mar 2011 22:46:00 +0000</pubDate><atom:updated>2011-03-12T14:47:13.655-08:00</atom:updated><title>Japan struggles with nuclear reactors in wake of quake</title><description>&lt;div class=&quot;cnn_stryathrtmp&quot;&gt;&lt;div class=&quot;cnnByline&quot;&gt;By  &lt;b&gt;the CNN Wire Staff&lt;/b&gt;&lt;/div&gt;&lt;div class=&quot;cnn_strytmstmp&quot;&gt;March 12, 2011 -- Updated 2146 GMT (0546 HKT)&lt;/div&gt;&lt;/div&gt;&lt;p&gt;&lt;b&gt;&lt;br /&gt;&lt;/b&gt;&lt;/p&gt;&lt;p&gt;&lt;b&gt;Tokyo (CNN)&lt;/b&gt; -- Crews at a nuclear plant struck by an  earthquake, then a tsunami and then an explosion in the span of 36 hours  resorted Saturday to flooding a feverish nuclear reactor with sea water  in hopes of preventing a meltdown of its core.&lt;/p&gt; &lt;p&gt;An explosion that  sent white smoke rising above the Fukushima Daiichi plant Saturday  afternoon buckled the walls of a concrete building that surrounded one  of the plant&#39;s nuclear reactors, but did not damage the reactor itself,  Chief Cabinet Secretary Yukio Edano told reporters.&lt;/p&gt; &lt;p&gt;The explosion  was caused, he said, by a failure in a pumping system as workers tried  to prevent the reactor&#39;s temperature from racing out of control.&lt;/p&gt; &lt;p&gt;The  International Atomic Energy Agency, citing Japanese authorities, said  the explosion occurred outside the plant&#39;s primary containment vessel  and that the vessel remained intact. The explosion injured four workers,  it said.&lt;/p&gt; &lt;p&gt;To limit damage to the reactor core, Tokyo Electric  Power Company began injecting sea water mixed with boron into the  primary containment vessel in an operation that got under way Saturday  night, IAEA said.&lt;/p&gt;                                                                                                                                                                                                                                      &lt;div id=&quot;expand15&quot; class=&quot;cnn_strylftcntnt cnn_strylftcexpbx&quot;&gt;  &lt;div style=&quot;display: none;&quot; class=&quot;cnn_strylceclbtn&quot;&gt;&lt;img src=&quot;http://i.cdn.turner.com/cnn/.element/img/3.0/mosaic/bttn_close.gif&quot; alt=&quot;&quot; width=&quot;58&quot; border=&quot;0&quot; height=&quot;23&quot; /&gt;&lt;/div&gt;                                      &lt;div class=&quot;cnnStoryElementBox&quot;&gt;&lt;div style=&quot;display: none;&quot; id=&quot;videoContainerexpand15&quot; class=&quot;parentMediaContainer&quot;&gt;&lt;div id=&quot;videoContainerexpand15Media&quot; class=&quot;mediaContainer&quot;&gt;&lt;img src=&quot;http://i2.cdn.turner.com/cnn/2011/images/03/12/t1larg.japan.reactors.map.jpg&quot; alt=&quot;&quot; width=&quot;640&quot; height=&quot;360&quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;img style=&quot;cursor: pointer;&quot; alt=&quot;&quot; class=&quot;box-image&quot; src=&quot;http://i2.cdn.turner.com/cnn/2011/images/03/12/t1larg.japan.reactors.map.jpg&quot; width=&quot;214&quot; border=&quot;0&quot; height=&quot;120&quot; /&gt;&lt;cite class=&quot;expCaption&quot;&gt;&lt;span&gt;Nuclear plants&lt;/span&gt;&lt;/cite&gt; &lt;/div&gt;                         &lt;/div&gt;                                                                      &lt;div id=&quot;expand25&quot; class=&quot;cnn_strylftcntnt cnn_strylftcexpbx&quot;&gt;  &lt;div style=&quot;display: none;&quot; class=&quot;cnn_strylceclbtn&quot;&gt;&lt;img src=&quot;http://i.cdn.turner.com/cnn/.element/img/3.0/mosaic/bttn_close.gif&quot; alt=&quot;&quot; width=&quot;58&quot; border=&quot;0&quot; height=&quot;23&quot; /&gt;&lt;/div&gt;                                                                     &lt;div style=&quot;display: none;&quot; id=&quot;videoContainerexpand25&quot; class=&quot;parentMediaContainer&quot;&gt;&lt;div id=&quot;videoContainerexpand25Media&quot; class=&quot;mediaContainer&quot;&gt;&lt;img src=&quot;http://edition.cnn.com/video/world/2011/03/12/bpr.grant.japan.nuclear.plant.cnn.640x360.jpg&quot; alt=&quot;&quot; width=&quot;640&quot; height=&quot;360&quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;img style=&quot;cursor: pointer;&quot; alt=&quot;&quot; class=&quot;box-image&quot; src=&quot;http://edition.cnn.com/video/world/2011/03/12/bpr.grant.japan.nuclear.plant.cnn.640x360.jpg&quot; width=&quot;214&quot; border=&quot;0&quot; height=&quot;120&quot; /&gt;&lt;cite class=&quot;expCaption&quot;&gt;&lt;span&gt;Explosion at Japanese nuclear plant&lt;/span&gt;&lt;/cite&gt;                          &lt;/div&gt;                                                                      &lt;div id=&quot;expand35&quot; class=&quot;cnn_strylftcntnt cnn_strylftcexpbx&quot;&gt;  &lt;div style=&quot;display: none;&quot; class=&quot;cnn_strylceclbtn&quot;&gt;&lt;img src=&quot;http://i.cdn.turner.com/cnn/.element/img/3.0/mosaic/bttn_close.gif&quot; alt=&quot;&quot; width=&quot;58&quot; border=&quot;0&quot; height=&quot;23&quot; /&gt;&lt;/div&gt;                                                                     &lt;div style=&quot;display: none;&quot; id=&quot;videoContainerexpand35&quot; class=&quot;parentMediaContainer&quot;&gt;&lt;div id=&quot;videoContainerexpand35Media&quot; class=&quot;mediaContainer&quot;&gt;&lt;img src=&quot;http://edition.cnn.com/video/world/2011/03/12/grimston.japan.nuclear.cnn.640x360.jpg&quot; alt=&quot;&quot; width=&quot;640&quot; height=&quot;360&quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;img style=&quot;cursor: pointer;&quot; alt=&quot;&quot; class=&quot;box-image&quot; src=&quot;http://edition.cnn.com/video/world/2011/03/12/grimston.japan.nuclear.cnn.640x360.jpg&quot; width=&quot;214&quot; border=&quot;0&quot; height=&quot;120&quot; /&gt;&lt;cite class=&quot;expCaption&quot;&gt;&lt;span&gt;Expert: &#39;This is a serious situation&#39;&lt;/span&gt;&lt;/cite&gt;                          &lt;/div&gt;                                                                      &lt;div id=&quot;expand45&quot; class=&quot;cnn_strylftcntnt cnn_strylftcexpbx&quot;&gt;  &lt;div style=&quot;display: none;&quot; class=&quot;cnn_strylceclbtn&quot;&gt;&lt;img src=&quot;http://i.cdn.turner.com/cnn/.element/img/3.0/mosaic/bttn_close.gif&quot; alt=&quot;&quot; width=&quot;58&quot; border=&quot;0&quot; height=&quot;23&quot; /&gt;&lt;/div&gt;                                                                     &lt;div style=&quot;display: none;&quot; id=&quot;videoContainerexpand45&quot; class=&quot;parentMediaContainer&quot;&gt;&lt;div id=&quot;videoContainerexpand45Media&quot; class=&quot;mediaContainer&quot;&gt;&lt;img src=&quot;http://edition.cnn.com/video/world/2011/03/12/bpr.japan.nuclear.worries.cnn.416x234.jpg&quot; alt=&quot;&quot; width=&quot;640&quot; height=&quot;360&quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;img style=&quot;cursor: pointer;&quot; alt=&quot;&quot; class=&quot;box-image&quot; src=&quot;http://edition.cnn.com/video/world/2011/03/12/bpr.japan.nuclear.worries.cnn.416x234.jpg&quot; width=&quot;214&quot; border=&quot;0&quot; height=&quot;120&quot; /&gt;&lt;cite class=&quot;expCaption&quot;&gt;&lt;span&gt;Japan&#39;s nuclear worries&lt;/span&gt;&lt;/cite&gt;                          &lt;/div&gt;                                                                      &lt;div id=&quot;expand55&quot; class=&quot;cnn_strylftcntnt cnn_strylftcexpbx&quot;&gt;  &lt;div style=&quot;display: none;&quot; class=&quot;cnn_strylceclbtn&quot;&gt;&lt;img src=&quot;http://i.cdn.turner.com/cnn/.element/img/3.0/mosaic/bttn_close.gif&quot; alt=&quot;&quot; width=&quot;58&quot; border=&quot;0&quot; height=&quot;23&quot; /&gt;&lt;/div&gt;                                                                     &lt;div style=&quot;display: none;&quot; id=&quot;videoContainerexpand55&quot; class=&quot;parentMediaContainer&quot;&gt;&lt;div id=&quot;videoContainerexpand55Media&quot; class=&quot;mediaContainer&quot;&gt;&lt;img src=&quot;http://edition.cnn.com/video/world/2011/03/12/bpr.grant.nuclear.plants.cnn.640x360.jpg&quot; alt=&quot;&quot; width=&quot;640&quot; height=&quot;360&quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;img style=&quot;cursor: pointer;&quot; alt=&quot;&quot; class=&quot;box-image&quot; src=&quot;http://edition.cnn.com/video/world/2011/03/12/bpr.grant.nuclear.plants.cnn.640x360.jpg&quot; width=&quot;214&quot; border=&quot;0&quot; height=&quot;120&quot; /&gt;&lt;cite class=&quot;expCaption&quot;&gt;&lt;span&gt;Nuclear crisis looms in Japan&lt;/span&gt;&lt;/cite&gt;                          &lt;/div&gt;                                                                      &lt;div id=&quot;expand65&quot; class=&quot;cnn_strylftcntnt cnn_strylftcexpbx&quot;&gt;  &lt;div style=&quot;display: none;&quot; class=&quot;cnn_strylceclbtn&quot;&gt;&lt;img src=&quot;http://i.cdn.turner.com/cnn/.element/img/3.0/mosaic/bttn_close.gif&quot; alt=&quot;&quot; width=&quot;58&quot; border=&quot;0&quot; height=&quot;23&quot; /&gt;&lt;/div&gt;                                      &lt;div class=&quot;cnnStoryElementBox&quot;&gt;&lt;div style=&quot;display: none;&quot; id=&quot;videoContainerexpand65&quot; class=&quot;parentMediaContainer&quot;&gt;&lt;div id=&quot;videoContainerexpand65Media&quot; class=&quot;mediaContainer&quot;&gt;&lt;img src=&quot;http://i2.cdn.turner.com/cnn/2011/images/03/11/t1larg.japan.quake2.jpg&quot; alt=&quot;&quot; width=&quot;640&quot; height=&quot;360&quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;img style=&quot;cursor: pointer;&quot; alt=&quot;&quot; class=&quot;box-image&quot; src=&quot;http://i2.cdn.turner.com/cnn/2011/images/03/11/t1larg.japan.quake2.jpg&quot; width=&quot;214&quot; border=&quot;0&quot; height=&quot;120&quot; /&gt;&lt;cite class=&quot;expCaption&quot;&gt;&lt;span&gt;Map: 8.9 earthquake hits Japan&lt;/span&gt;&lt;/cite&gt; &lt;/div&gt;                         &lt;/div&gt;                                                                      &lt;div id=&quot;expand75&quot; class=&quot;cnn_strylftcntnt cnn_strylftcexpbx&quot;&gt;  &lt;div style=&quot;display: none;&quot; class=&quot;cnn_strylceclbtn&quot;&gt;&lt;img src=&quot;http://i.cdn.turner.com/cnn/.element/img/3.0/mosaic/bttn_close.gif&quot; alt=&quot;&quot; width=&quot;58&quot; border=&quot;0&quot; height=&quot;23&quot; /&gt;&lt;/div&gt;                                      &lt;div class=&quot;cnnStoryElementBox&quot;&gt;&lt;div style=&quot;display: none;&quot; id=&quot;videoContainerexpand75&quot; class=&quot;parentMediaContainer&quot;&gt;&lt;div id=&quot;videoContainerexpand75Media&quot; class=&quot;mediaContainer&quot;&gt;&lt;img src=&quot;http://i.cnn.net/cnn/interactive/2011/03/world/gallery.japan.quake/images/hrzgal.02.gi.jpg&quot; alt=&quot;&quot; width=&quot;640&quot; height=&quot;436&quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;img style=&quot;cursor: pointer;&quot; alt=&quot;&quot; class=&quot;box-image&quot; src=&quot;http://i.cnn.net/cnn/interactive/2011/03/world/gallery.japan.quake/images/hrzgal.02.gi.jpg&quot; width=&quot;214&quot; border=&quot;0&quot; height=&quot;146&quot; /&gt;&lt;cite class=&quot;expCaption&quot;&gt;&lt;span&gt;Gallery: Massive quake hits Japan&lt;/span&gt;&lt;/cite&gt; &lt;/div&gt;                         &lt;/div&gt;                                                                             &lt;div class=&quot;cnn_strylftcntnt&quot;&gt;&lt;div class=&quot;cnn_strylctcntr cnn_strylctcqrelt&quot;&gt; &lt;div&gt; &lt;b&gt;RELATED TOPICS&lt;/b&gt; &lt;/div&gt;&lt;ul class=&quot;cnn_bulletbin&quot;&gt;&lt;li&gt; &lt;a href=&quot;http://topics.edition.cnn.com/topics/Earthquakes&quot;&gt;Earthquakes&lt;/a&gt;&lt;/li&gt;&lt;li&gt; &lt;a href=&quot;http://topics.edition.cnn.com/topics/U_S_Geological_Survey&quot;&gt;U.S. Geological Survey&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt; &lt;/div&gt;&lt;/div&gt;                                       &lt;p&gt;The use of sea water and boron was  described as a &quot;Hail Mary pass&quot; by Robert Alvarez, senior scholar at the  Institute for Policy Studies focused on energy policies and a former  senior policy adviser to the U.S. secretary of energy.&lt;/p&gt; &lt;p&gt;&quot;My  understanding is that the situation has become desperate enough that  they apparently don&#39;t have the capability to deliver fresh water or  plain water to cool the reactor and stabilize it and now, in an act of  desperation, are having to resort to diverting and using sea water,&quot; he  said.&lt;/p&gt; &lt;p&gt;Boron, a chemical element, was being added to the water &quot;to sort of stymie other potential nuclear reactions,&quot; he said.&lt;/p&gt; &lt;p&gt;But,  he acknowledged to reporters in a conference call, &quot;There&#39;s a lot that  we don&#39;t know about what&#39;s happening with these reactors. It&#39;s trying to  piece together a picture where you&#39;re dealing with just a few pieces of  the puzzle.&quot;&lt;/p&gt; &lt;p&gt;Another expert said enough was known to conclude  that Saturday&#39;s nuclear events in Japan rank high on the list of similar  incidents. &quot;If this accident stops right now it will already be one of  the three worst accidents we have ever had at a nuclear power plant in  the history of nuclear power,&quot; said Joseph Cirincione, an expert on  nuclear materials and president of the U.S.-based Ploughshares Fund, a  firm involved in security and peace funding.&lt;/p&gt; &lt;p&gt;He said only the  1979 partial meltdown of a reactor core at the Three Mile Island nuclear  plant in Pennsylvania and the 1986 Chernobyl disaster in the Soviet  Union were worse.&lt;/p&gt; &lt;p&gt;If the effort to cool the nuclear fuel inside  the reactor fails completely -- a scenario experts who have spoken to  CNN say is unlikely -- the resulting release of radiation could cause  enormous damage to the plant or release radiation into the atmosphere or  water. That could lead to widespread cancer and other health problems,  experts say.&lt;/p&gt; &lt;p&gt;Japan&#39;s Nuclear and Industrial Safety Agency (NISA)  was dribbling out information slower than some experts wanted: it said  Saturday that it detected cesium-137 and other isotopes near Unit 1  early in the day. Cesium is a byproduct of the nuclear fission process  that occurs in nuclear plants.&lt;/p&gt; &lt;p&gt;While Cabinet Secretary Edano said  later in the day that radiation levels appeared to be falling, the  government nevertheless ordered an evacuation of residents within a  20-kilometer radius of the Daiichi plant, as well as a second facility  where the cooling system had failed -- the Fukushima Daini plant.&lt;/p&gt; &lt;p&gt;An  estimated 170,000 people have been evacuated, though the process was  ongoing, the International Atomic Energy Agency said Saturday.&lt;/p&gt; &lt;p&gt;Japanese  authorities have classified the event at Fukushima Daiichi Unit 1 as a  level 4 &quot;accident with local consequences&quot; on the International Nuclear  and Radiological Event Scale intended to communicate to the public the  significance of radiation-linked events. The scale runs from 0 to 7,  with the latter being classified as a major accident.&lt;/p&gt; &lt;p&gt;On Saturday  night, three patients at a hospital tested positive for radiation  exposure, according to the Japanese public broadcasting station NHK,  citing a statement from Fukushima Prefecture.&lt;/p&gt; &lt;p&gt;The three were  randomly selected from a group of 90 hospital workers and patients who  were outside the hospital -- about three kilometers from the Daiichi  plant -- awaiting evacuation at the time of the explosion. The patients  had already been hospitalized at the medical facility prior to Friday&#39;s  quake.&lt;/p&gt; &lt;p&gt;While the three showed signed of exposure, &quot;no abnormal  health conditions have been observed,&quot; NHK quoted the prefecture as  saying.&lt;/p&gt; &lt;p&gt;Meanwhile, two experts from the U.S. Nuclear Regulatory  Commission with expertise in boiling-water nuclear reactors like those  affected by the disaster have been sent to Japan as part of a U.S.  Agency for International Development (USAID) team.&lt;/p&gt; &lt;p&gt;The NRC&#39;s  Maryland-based headquarters operations center has been operating around  the clock since the beginning of the emergency.&lt;/p&gt; &lt;p&gt;Japanese  authorities, meanwhile, appeared to be preparing for the possibility of a  nuclear release. Japan public broadcaster NHK reported the country&#39;s  defense ministry had sent a unit that specializes in dealing with  radioactive contamination to a command post near one of the stricken  plants.&lt;/p&gt; &lt;p&gt;The government was also preparing to distribute iodine  tablets to residents, the IAEA said. Iodine is commonly prescribed to  help prevent the thyroid gland from taking in too much radioactivity,  according to the U.S. Environmental Protection Agency website.&lt;/p&gt; &lt;p&gt;In  all, the earthquake prompted the automatic shutdown of 10 reactors at  three nuclear plants near the quake site, Japan&#39;s nuclear agency said.  Problems have been reported at all three plants, although the fire  reported Friday at the Onagawa nuclear plant was quickly extinguished  and it has not been a focus of concern since.&lt;/p&gt; &lt;p&gt;At the Fukushima  Daini plant, problems had been detected with the pressure and cooling  systems at three of the four reactors that shut down, but plant owner  Tokyo Electric Power Company reported all of the reactors were stable  Saturday.&lt;/p&gt; &lt;p&gt;Japan&#39;s nuclear agency said there is a strong  possibility that the radioactive cesium the monitors detected was from  the melting of a fuel rod at the plant, adding that engineers were  cooling the fuel rods by pumping water around them. &lt;/p&gt; &lt;p&gt;A spokesman  for the agency said atomic material had seeped out of one of the five  nuclear reactors at the Daiichi plant, located about 160 miles (260  kilometers) north of Tokyo.&lt;/p&gt; &lt;p&gt;The problems at the Daiichi plant  began Friday when the 8.9-magnitude quake struck off the eastern shore  of Miyagi Prefecture. The quake forced the automatic shutdown of the  plant&#39;s nuclear reactors and knocked out the main cooling system,  according to the country&#39;s nuclear agency.&lt;/p&gt; &lt;p&gt;A tsunami resulting  from the quake then washed over the site, knocking out backup generators  that pumped water into the reactor containment unit to keep the nuclear  fuel cool, according to the agency.&lt;/p&gt; &lt;p&gt;As pressure and temperatures  rose inside the reactors at the Daiichi and Daini plants, authorities  ordered the release of valves at the plants -- a move that experts said  was likely done to release growing pressure inside as high temperatures  caused water to boil and produce excess steam.&lt;/p&gt; &lt;p&gt;As crews were  working to pump additional water into the reactor containment unit to  lower the temperature, the pumping system failed, Edano said, causing an  explosion that injured four workers and brought down the walls of the  building containing the reactor.&lt;/p&gt; &lt;p&gt;The team then reverted to a plan  to flood the reactor with sea water, which Edano said would lower the  temperature to acceptable levels. That work began Saturday night and was  expected to take two days, Edano said.&lt;/p&gt; &lt;p&gt;Before Edano&#39;s  announcement, Malcolm Grimston, associate fellow for energy, environment  and development at London&#39;s Chatham House, said the explosion indicated  that &quot;it&#39;s clearly a serious situation, but that in itself does not  necessarily mean major (nuclear) contamination.&quot;&lt;/p&gt; &lt;p&gt;&quot;This is a  situation that has the potential for a nuclear catastrophe. It&#39;s  basically a race against time, because what has happened is that plant  operators have not been able to cool down the core of at least two  reactors,&quot; said Robert Alvarez, a senior scholar at the Institute for  Policy Studies in Washington.&lt;/p&gt; &lt;p&gt;If damage from the explosions or  aftershocks have compromised the structural integrity of the reactor  complex, it could make efforts to cool the reactors more difficult,  Cirincione said.&lt;/p&gt; &lt;p class=&quot;cnnInline&quot;&gt;&quot;The big unanswered question here is whether there&#39;s structural damage to this facility now,&quot; he said.&lt;/p&gt;</description><link>http://daisyhwku.blogspot.com/2011/03/japan-struggles-with-nuclear-reactors.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-9091483526955525982</guid><pubDate>Sat, 12 Mar 2011 15:49:00 +0000</pubDate><atom:updated>2011-03-12T07:50:29.299-08:00</atom:updated><title>Japan&#39;s nuclear path</title><description>&lt;h1 class=&quot;storytitle&quot;&gt;Can nuclear power save Japan from peak oil?&lt;/h1&gt;                 &lt;div class=&quot;like&quot; style=&quot;width: 90px;&quot;&gt;                   &lt;div&gt;                                                             &lt;/div&gt;                                    &lt;/div&gt;                 &lt;div class=&quot;metadata&quot;&gt;                   &lt;div class=&quot;box authors&quot;&gt;by                    &lt;span class=&quot;commentauthor&quot;&gt;                     &lt;a href=&quot;http://ourworld.unu.edu/en/can-nuclear-power-save-japan-from-peak-oil/#authordata&quot;&gt;Brendan Barrett&lt;/a&gt;                   &lt;/span&gt; on February 2, 2011&lt;/div&gt;                   &lt;div class=&quot;box&quot;&gt;Keywords:                    &lt;a href=&quot;http://ourworld.unu.edu/en/keywords/energy/&quot; rel=&quot;tag&quot;&gt;energy&lt;/a&gt;,                    &lt;a href=&quot;http://ourworld.unu.edu/en/keywords/nuclear/&quot; rel=&quot;tag&quot;&gt;nuclear&lt;/a&gt;,                    &lt;a href=&quot;http://ourworld.unu.edu/en/keywords/peak-oil/&quot; rel=&quot;tag&quot;&gt;peak oil&lt;/a&gt;                  &lt;br /&gt;&lt;/div&gt;                 &lt;/div&gt;                 &lt;div class=&quot;content&quot;&gt;                   &lt;p&gt;If the recent proclamations from various bodies, including the                    &lt;a href=&quot;http://www.energybulletin.net/stories/2010-11-11/iea-acknowledges-peak-oil&quot; target=&quot;_blank&quot;&gt;International Energy Agency&lt;/a&gt;,  about our close proximity to the peak in world oil production are true,  then Japan may be sitting on the equivalent of an energy security time  bomb.                   &lt;span id=&quot;more-2968&quot;&gt;&lt;/span&gt;&lt;/p&gt;                   &lt;p&gt;The greatest concern is that this time bomb could  explode as early as 2015, and with a high probability before 2020 when a  global oil crunch has been predicted by                    &lt;a href=&quot;http://www.chathamhouse.org.uk/publications/papers/view/-/id/652/&quot;&gt;Chatham House&lt;/a&gt; (the UK’s Royal Institute of International Affairs), by the                    &lt;a href=&quot;http://peakoiltaskforce.net/download-the-report/2010-peak-oil-report/&quot;&gt;UK Industry Taskforce on Peak Oil and Energy Security&lt;/a&gt; (a group of businesses, including Virgin Airlines, Ove Arup and Partners, etc.) and by the                    &lt;a href=&quot;http://www.ukerc.ac.uk/support/Global%20Oil%20Depletion&quot;&gt;Energy Research Centre&lt;/a&gt;, amongst others.                   &lt;span style=&quot;color: rgb(255, 0, 0);&quot;&gt;                    &lt;br /&gt;                  &lt;/span&gt;&lt;/p&gt;                   &lt;p&gt;The reason for this concern is simple — Japan’s  self-sufficiency in primary energy stands at 18%, including nuclear.  This compares with an average 70% energy self-sufficiency across OECD  countries.&lt;/p&gt;                   &lt;p&gt;One issue here is Japan’s high dependency on oil. A paper just published                    &lt;a href=&quot;http://japanfocus.org/-Andrew-DeWit/3479&quot; target=&quot;_blank&quot;&gt;by Andrew DeWit and Iida Tetsunari&lt;/a&gt; points out that:&lt;/p&gt;                   &lt;p&gt;“Japan relies on oil for 44% of its primary energy. It also gets over 90% of its oil from the unstable Middle East.”&lt;/p&gt;                   &lt;p&gt;It costs Japan around ¥16.6 trillion (around US$200  billion) each year to pay for these oil imports. Basically, this  represents a quarter of all Japanese annual expenditure on imports.&lt;/p&gt;                   &lt;p&gt;It is both an expensive and vulnerable position to  be in. What if the supply of oil was suddenly cut-off? This is a reality  that Japanese leaders and bureaucrats are well aware of. The                    &lt;a href=&quot;http://www.meti.go.jp/english/press/data/pdf/20100615_04a.pdf&quot; target=&quot;_blank&quot;&gt;2010 Annual Report on Energy&lt;/a&gt;  by the Ministry of Economy Trade and Industry (METI) makes specific  reference to “choke points” that obstruct the flow of oil from the  Middle East and other oil producing regions.&lt;/p&gt;                   &lt;p&gt;A choke point is a strategic location on a sea  route (e.g., the Malacca Straits) that could easily be blocked to  prevent the flow of shipping in a time of geopolitical turmoil.&lt;/p&gt;                   &lt;table class=&quot;imagetable&quot;&gt;                     &lt;tbody&gt;&lt;tr&gt;                       &lt;td width=&quot;303&quot; height=&quot;228&quot;&gt;                         &lt;img src=&quot;http://owe.6.co.ua/2968/Quote-Yokohama-wind-farm.jpg&quot; alt=&quot;&quot; width=&quot;303&quot; height=&quot;228&quot; /&gt;                       &lt;/td&gt;                       &lt;td class=&quot;captionx&quot;&gt;                         &lt;div&gt;                           &lt;strong&gt;With respect to alternatives, as in  some countries like Germany and Sweden, there is considerable potential  for the development of more renewable energy in Japan if the suitable  conditions are in place.&lt;/strong&gt;                         &lt;/div&gt;                       &lt;/td&gt;                     &lt;/tr&gt;                   &lt;/tbody&gt;&lt;/table&gt;                   &lt;p&gt;                     &lt;em&gt;Power generator in Yokohama city. Photo by                      &lt;a href=&quot;http://www.flickr.com/photos/27889738@N07/3005706252/&quot; target=&quot;_blank&quot;&gt;Ykanazawa1999.&lt;/a&gt;&lt;/em&gt;                   &lt;/p&gt;                   &lt;p&gt;It is possible to calculate something called a  “choke point ratio”. A ratio of 100 means that 100% of the oil reaching a  country passes through such points. When it exceeds 100, this means  that the oil passes through multiple choke points. Japan’s choke point  ratio is 171, while those for Germany and the United Kingdom are around 5  and 3 respectively.&lt;/p&gt;                   &lt;p&gt;Countries tend to respond to concerns about supply  vulnerability by stockpiling oil. Japan maintains stockpiles for 129  days. So in the advent of a major disruption to oil supplies, Japan  would be able to carry on for around five months under business-as-usual  scenarios (perhaps longer if only vital services are maintained). That  is a rather thin safety cushion to rely on, and the question here is how  is Japan dealing with its energy security vulnerabilities in the short  term and long term?&lt;/p&gt;                   &lt;p&gt;                     &lt;strong&gt;How to increase energy security?&lt;/strong&gt;                   &lt;/p&gt;                   &lt;p&gt;The last time                    &lt;a href=&quot;http://ourworld.unu.edu/en/japan-and-peak-oil/&quot; target=&quot;_blank&quot;&gt;we spoke to officials from METI&lt;/a&gt;  back in 2009, it appeared that the direction of Japan’s future energy  policy was in flux and renewable energy (particularly solar) was gaining  increased support, especially through the country’s stimulus packages.&lt;/p&gt;                   &lt;p&gt;In the intervening period a great deal appears to  have changed. These changes are explained by DeWit and Iida who argue  that the nuclear lobby has reasserted its influence over the Japanese  political and bureaucratic elite and that now nuclear power is seen as  “the only realistic option for reducing dependence on fossil fuels and  cutting [greenhouse gas] emissions” and as a “major export business”.&lt;/p&gt;                   &lt;p&gt;The                    &lt;a href=&quot;http://www.meti.go.jp/english/press/data/pdf/20100618_08a.pdf&quot; target=&quot;_blank&quot;&gt;Strategic Energy Plan of Japan&lt;/a&gt;,  published by METI in June 2010, sets forth the goal of constructing  nine new nuclear power plants by 2020 and more than 14 by 2030.&lt;/p&gt;                   &lt;p&gt;The plan envisions a significant reduction in the  overall energy consumed by Japan in 2030 through efficiency measures, as  shown in the figure, with nuclear power growing from 10% of primary  energy today to 24% in 2030. The share of renewables is also predicted  to grow from 6 to 13%.&lt;/p&gt;                   &lt;p&gt;                     &lt;img class=&quot;alignnone size-full wp-image-2988&quot; title=&quot;Energy-supply_Japan&quot; src=&quot;http://owe.6.co.ua/2968/Energy-supply_Japan.jpg&quot; alt=&quot;&quot; width=&quot;600&quot; height=&quot;480&quot; /&gt;                   &lt;/p&gt;                   &lt;p&gt;There are a lot of assumptions underpinning these  proposals. First, although the Japanese population is predicted to  decline, the number of households is expected to increase slightly,  reflecting changing lifestyles and family structures. As a result,  greater energy efficiencies are required in the residential sector that  would also have the benefit of reducing CO2 emissions. The plan  envisions something like a revolution in the efficiency of household  electrical appliances.&lt;/p&gt;                   &lt;p&gt;Also in the plan, nuclear and renewable energy are  both described as zero emission power sources, although some may contest  whether from a life-cycle perspective either are totally carbon dioxide  emissions free.&lt;/p&gt;                   &lt;p&gt;Japan currently sits at number three in the world,  behind France and the United States, in terms of the amount of energy  generated from nuclear sources. The direction presented in the latest  Strategic Energy Plan is essentially taking France as the model, since  like Japan, it is a country that lacks domestic fossil energy resources  (except coal).&lt;/p&gt;                   &lt;p&gt;Japan’s 2010 Energy White Paper makes specific  reference to key advantages of the French model: powerful energy supply  businesses, such as EDF and TOTAL, a monopolistic energy sector, and  vertically integrated national and public companies.&lt;/p&gt;                   &lt;p&gt;This closely reflects the situation in Japan where  ten electrical utilities maintain regionally-based monopolies and,  according to DeWit and Iida, these companies “want to protect that  dominance against competitors and energy alternatives that might  threaten their plans to expand nuclear power.”&lt;/p&gt;                   &lt;p&gt;                     &lt;strong&gt;Moving in the wrong direction?&lt;/strong&gt;                   &lt;/p&gt;                   &lt;p&gt;In many respects, it may possible to argue that,  with respect to the future of energy in Japan, nuclear may be the wrong  direction. This is not to argue against the merits of nuclear power per  se, but to express concern of the emphasis placed on nuclear above other  options, including renewables. This approach runs counter to experience  in countries like Sweden and Germany, and also to the findings of  recent research that shows that we                    &lt;a href=&quot;http://news.stanford.edu/news/2011/january/jacobson-world-energy-012611.html&quot; target=&quot;_blank&quot;&gt;could power the world on alternative energy&lt;/a&gt; technologies within 20–40 years. So why not Japan?&lt;/p&gt;                   &lt;p&gt;Clearly, from an historical perspective, nuclear  makes considerable sense taking into account Japan’s lack of domestic  fossil fuel options and also bearing in mind the considerable industrial  expertise that Japan has developed in this sector. Nuclear for Japan  represents the “business as usual” option. It ensures a coordinated,  centralized, monopolized energy system that can guarantee the  maintenance of a high technology industrial system. Nuclear seems to  make sense if you want to maintain huge urban agglomerations like Tokyo  (which has 1% energy self-sufficiency).&lt;/p&gt;                   &lt;p&gt;                     &lt;img class=&quot;alignnone size-full wp-image-2989&quot; title=&quot;Nuclear_plants_Japan&quot; src=&quot;http://owe.6.co.ua/2968/Nuclear_plants_Japan1.jpg&quot; alt=&quot;&quot; width=&quot;600&quot; height=&quot;600&quot; /&gt;                   &lt;/p&gt;                   &lt;p&gt;If you conclude that the future will be the same as  the past then nuclear seems like the right choice. But when you also  think about the less urbanized areas of Japan, nuclear is much less  attractive.&lt;/p&gt;                   &lt;p&gt;Certainly the best and the brightest in Japan’s  bureaucratic elite would say, “Yes, categorically, nuclear is the way to  go”. But the problem here is the lack of independent think tanks  inputting into policy (i.e., those not directly set up by, or related to  the government) which means that the energy policy process in Japan is  not open to the consideration of alternatives and that could also  explain why peak oil is yet to enter the policy debate.&lt;/p&gt;                   &lt;p&gt;The other big challenge related to nuclear is the  issue of safety and risk, especially in an earthquake prone country like  Japan and particularly in relation to how radioactive waste is dealt  with, as we touched on in                    &lt;a href=&quot;http://ourworld.unu.edu/en/from-ashes-to-honey/&quot; target=&quot;_blank&quot;&gt;Monday’s article&lt;/a&gt;.&lt;/p&gt;                   &lt;p&gt;With respect to alternatives, as in some countries  like Germany and Sweden, there is considerable potential for the  development of more renewable energy in Japan if the suitable conditions  are in place.&lt;/p&gt;                   &lt;p&gt;For instance, the first                    &lt;a href=&quot;http://www.re-policy.jp/jrepp/JSR2010SMR20100427E.pdf&quot; target=&quot;_blank&quot;&gt;Renewable Energy White Paper&lt;/a&gt;  published in 2010 by a group of independent Japanese think tanks argued  that it would be possible to meet 67% of domestic energy demand in  Japan by 2050. This view has been largely ignored by Japanese energy  policy-makers at the national level.&lt;/p&gt;                   &lt;p&gt;That estimate may be optimistic and some may argue  that renewable energy also has very significant limitations.  Nevertheless, a major expansion of renewable energy in Japan could help  reduce energy insecurity by diversifying supply and decentralizing power  generation. This would give local communities more say on how they  generate their electricity and allow them                    &lt;a href=&quot;http://ourworld.unu.edu/en/rice-water-power-micro-hydroelectricity-in-japan/&quot; target=&quot;_blank&quot;&gt;to innovate in the process&lt;/a&gt;.  This approach  would represent a radical and visionary change in how  the energy sector works in Japan; if history is any guide, such a  transition does not  yet seem palatable for those who decide how the  country will invest in its energy infrastructure.&lt;/p&gt;                   &lt;p&gt;From a peak oil perspective, some commentators, such as                    &lt;a href=&quot;http://transitionculture.org/2006/05/05/why-nuclear-power-in-not-a-solution-to-peak-oil-part-4-how-do-you-propose-we-clean-up-all-the-mess/&quot; target=&quot;_blank&quot;&gt;Rob Hopkins&lt;/a&gt; and                    &lt;a href=&quot;http://www.energybulletin.net/node/33409&quot;&gt;John Rawlins&lt;/a&gt;,  are concerned that nuclear may not be the right way forward. They are  worried about the availability of uranium, suspecting that future  scarcities and suggesting that nuclear is a “stop-gap” solution rather  than something that can be sustained long into the future.&lt;/p&gt;                   &lt;p&gt;Another concern would be how nuclear may fare in a world where energy supplies as a whole are declining. According to Hopkins:&lt;/p&gt;                   &lt;p&gt;“Nuclear power has always been predicated on the  concept that future generations will be more capable than we are to deal  with nuclear waste. The logic runs that they will, by that time, have  cracked how to make it safe, and so therefore it is fine to leave it as  some kind of intellectual puzzle for them to figure out.”&lt;/p&gt;                   &lt;p&gt;Solving something as complex as how to process  nuclear waste is an energy intensive industry and this increases the  vulnerability of the energy sector in an energy scarce scenario. Hopkins  is concerned that:&lt;/p&gt;                   &lt;p&gt;“Future generations will not have the dubious luxury of being profligate with fossil fuels as we have been.”&lt;/p&gt;                   &lt;p&gt;An important point to make here is that the  planning, construction and implementation of nuclear power plants take  decades. So Japan, and every other country, may be facing a race against  time, where the rate of oil depletion after the peak will be a  significant factor in determining how rapidly we need to find  alternatives to oil.&lt;/p&gt;                   &lt;p&gt;Pushing nuclear does mean that Japan would require  less oil for energy, which then could be utilized in the transportation  sector, for instance. But here too is another race against time. The  2010 Strategic Energy Plan aims to increase the number of next  generation cars (hybrids and electric) from 10% today to 70% of new cars  sold by 2030. This still suggests a very large proportion of cars in  Japan in 2030 will be gasoline powered. Ideally, in order to avoid major  disruptions almost 100% of cars would be electric by 2030, but that is  just not going to happen under the current policy framework.&lt;/p&gt;                   &lt;p&gt;So it may be safe to conclude that by pushing so  aggressively down the nuclear path, Japan may be putting too many eggs  in one basket.  The rationale behind this approach is easy to understand  since business as usual is easier than radical reform, and maintaining  monolithic centralized structures is easier than decentralised ones in  which less control by Tokyo and other urban centres would be a given.&lt;/p&gt;                   &lt;p&gt;However, let’s give the people behind the strategic  energy plan the benefit of the doubt for just a moment. The plan is  required to be reviewed every three years and revised if needed. So we  have to wait until 2013 before the next review and by that time we all  may have greater awareness about the state of our collective energy  predicament.&lt;/p&gt;                   &lt;p&gt;For now, the central question remains open: will  nuclear power actually save Japan from the worst effects of a peaking  oil production? What do you think?&lt;/p&gt;                 &lt;/div&gt;</description><link>http://daisyhwku.blogspot.com/2011/03/japans-nuclear-path.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-5589604252578696958</guid><pubDate>Thu, 10 Mar 2011 10:25:00 +0000</pubDate><atom:updated>2011-03-10T02:35:47.345-08:00</atom:updated><title>German export destinations: China overtaking the US</title><description>For the first time ever, German companies are shipping more vehicles, &lt;span class=&quot;blsp-spelling-corrected&quot; id=&quot;SPELLING_ERROR_0&quot;&gt;machines&lt;/span&gt; and electric goods to China than the U.S.&lt;br /&gt;&lt;br /&gt;Latest trade figures showed China, including &lt;span class=&quot;blsp-spelling-error&quot; id=&quot;SPELLING_ERROR_1&quot;&gt;Hong&lt;/span&gt; Kong, accounted for 6.6 percent of Germany&#39;s export total in December 2010, compared to 6.5 percent to the U.S.&lt;br /&gt;&lt;br /&gt;This marks a turning point to Germany&#39;s export structure after the collapse of Lehman Brothers in September 2008.</description><link>http://daisyhwku.blogspot.com/2011/03/german-export-destinations-china.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-3101729423234102653</guid><pubDate>Wed, 09 Mar 2011 13:21:00 +0000</pubDate><atom:updated>2011-03-09T05:21:56.965-08:00</atom:updated><title>Guest Post: Currency Wars: Flash Points in the &#39;Age of Rage&#39;</title><description>&lt;a href=&quot;http://www.zerohedge.com/article/guest-post-currency-wars-flash-points-age-rage&quot;&gt;Guest Post: Currency Wars: Flash Points in the &#39;Age of Rage&#39;&lt;/a&gt;</description><link>http://daisyhwku.blogspot.com/2011/03/guest-post-currency-wars-flash-points.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-2153268081812059495</guid><pubDate>Tue, 22 Feb 2011 11:57:00 +0000</pubDate><atom:updated>2011-02-22T03:58:30.477-08:00</atom:updated><title>A grubby Libyan lesson in realpolitik</title><description>&lt;div class=&quot;ft-story-header&quot;&gt;&lt;p&gt;By Gideon Rachman&lt;/p&gt;&lt;p&gt;Published: February 21 2011 22:25 | Last updated: February 21 2011 22:25&lt;/p&gt;&lt;/div&gt;&lt;div class=&quot;ft-story-body&quot;&gt;&lt;div class=&quot;clearfix&quot; id=&quot;floating-target&quot;&gt;&lt;p&gt;&lt;img alt=&quot;Ingram Pinn illustration&quot; src=&quot;http://media.ft.com/cms/4ca84156-3dea-11e0-99ac-00144feabdc0.jpg&quot; width=&quot;470&quot; height=&quot;267&quot; /&gt;&lt;/p&gt;&lt;p&gt;Another  week, another revolution. Muammer Gaddafi of Libya may soon become the  third Arab president to be swept from power in little more than a month.  &lt;/p&gt;&lt;div id=&quot;floating-con&quot;&gt;&lt;div class=&quot;nav-collection clearfix&quot;&gt;&lt;h3 class=&quot;section&quot;&gt;&lt;span&gt;EDITOR’S CHOICE&lt;/span&gt;&lt;/h3&gt;&lt;div class=&quot;clearfix&quot;&gt;&lt;h4&gt;&lt;a href=&quot;http://www.ft.com/cms/s/0/d0698954-3da5-11e0-ae2a-00144feabdc0,dwp_uuid=6efcd0b0-39bb-11e0-8dba-00144feabdc0.html&quot;&gt;Desperate Gaddafi clings on to power&lt;/a&gt;&lt;span class=&quot;pub-date&quot;&gt; - Feb-22&lt;/span&gt;&lt;/h4&gt;&lt;/div&gt;&lt;div class=&quot;clearfix&quot;&gt;&lt;h4&gt;&lt;a href=&quot;http://www.ft.com/indepth/middle-east-protests&quot;&gt;In depth: Middle East protests&lt;/a&gt;&lt;span class=&quot;pub-date&quot;&gt; - Feb-16&lt;/span&gt;&lt;/h4&gt;&lt;/div&gt;&lt;div class=&quot;clearfix&quot;&gt;&lt;h4&gt;&lt;a href=&quot;http://video.ft.com/v/797508115001/No-easy-answers-in-Libya&quot;&gt;Video: No easy answers in Libya&lt;/a&gt;&lt;span class=&quot;pub-date&quot;&gt; - Feb-21&lt;/span&gt;&lt;/h4&gt;&lt;/div&gt;&lt;div class=&quot;clearfix&quot;&gt;&lt;h4&gt;&lt;a href=&quot;http://www.ft.com/cms/s/0/3f3502e0-3df2-11e0-99ac-00144feabdc0,dwp_uuid=6efcd0b0-39bb-11e0-8dba-00144feabdc0.html&quot;&gt;Opaque Libyan fund built diverse portfolio&lt;/a&gt;&lt;span class=&quot;pub-date&quot;&gt; - Feb-21&lt;/span&gt;&lt;/h4&gt;&lt;/div&gt;&lt;div class=&quot;clearfix&quot;&gt;&lt;h4&gt;&lt;a href=&quot;http://www.ft.com/cms/s/0/3c022376-3dea-11e0-99ac-00144feabdc0,dwp_uuid=6efcd0b0-39bb-11e0-8dba-00144feabdc0.html&quot;&gt;Residents take over rule of Benghazi&lt;/a&gt;&lt;span class=&quot;pub-date&quot;&gt; - Feb-21&lt;/span&gt;&lt;/h4&gt;&lt;/div&gt;&lt;div class=&quot;clearfix&quot;&gt;&lt;h4&gt;&lt;a href=&quot;http://www.ft.com/cms/s/0/d7d08bda-3dae-11e0-ae2a-00144feabdc0,dwp_uuid=6efcd0b0-39bb-11e0-8dba-00144feabdc0.html&quot;&gt;Cameron calls for move to democracy in Egypt&lt;/a&gt;&lt;span class=&quot;pub-date&quot;&gt; - Feb-21&lt;/span&gt;&lt;/h4&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;p&gt;Until  a few years ago, his toppling would have been greeted with delight in  western capitals. But in recent years, the Libyan leader has been recast  as a reformed sinner, an ally in the “war on terror” and a valued  business partner. His current travails should be a cause of justified  embarrassment – not least in London – since Britain has led the way in  the attempted rehabilitation of Col Gaddafi.&lt;/p&gt;&lt;p&gt;Changing attitudes to  the colonel highlight the way in which western concern over human  rights is almost always coloured by convenience. In the 1980s, the  Libyan leader was regarded as the foremost state sponsor of terrorism  and rightly denounced for his dreadful human rights record. Ronald  Reagan called him a “mad dog” and the US bombed Tripoli in 1986. Saddam  Hussein of Iraq, by contrast, was largely tolerated because he was  useful in containing Iran. &lt;/p&gt;&lt;p&gt;When the US decided it needed to  topple Saddam, his ghastly human rights record received much more  attention. By contrast, the cruelty of Col Gaddafi’s regime has been  downplayed in recent years. As the US and the UK searched for a  retrospective justification for the war on Iraq, Libya’s renunciation of  weapons of mass destruction was seized upon as convenient evidence that  the Middle East had changed for the better after the Iraq war. In 2004,  Tony Blair visited Libya and hailed Col Gaddafi as a partner in the  “war on terror”. British business followed in the prime minister’s wake  and lucrative oil contracts were signed. In 2008, Condoleezza Rice  became the first US secretary of state to visit Libya since the 1950s. &lt;/p&gt;&lt;p&gt;It  is true that Libya’s behaviour, in recent years, has become less  directly threatening to the west. But the Libyan leader remained a  brutal despot. If he is now toppled it will be little thanks to the US  or Europe. Instead the Libyan people have looked for inspiration and  practical support to their recently liberated neighbours in Egypt and  Tunisia.&lt;/p&gt;&lt;p&gt;Libyans need all the help they can get, because the  colonel runs a much more vicious regime than those that were toppled in  Egypt or Tunisia. Unlike in Tahrir Square or Tunis, no foreign  television crews have been let in to record the bloodshed on the streets  of Benghazi and Tripoli. Libya has never allowed even the facade of  democracy and opposition that was tolerated in Egypt. All opposition  political parties are banned. Indeed membership of a political party is  punishable by death.&lt;/p&gt;&lt;p&gt;Freedom House, which monitors political and  civil liberties across the world, recently ranked Libya as the most  despotic country in the Middle East. It was the only country to get the  worst mark (a seven) for both political and civil liberties: it is worse  than Syria, worse than Iran, much worse than Hosni Mubarak’s Egypt.  According to the Freedom House rankings, Libya ranks alongside the  world’s worst dictatorships – North Korea and Burma. &lt;/p&gt;&lt;p&gt;Libya’s oil  wealth and its eccentric and brutal ruler have allowed the country to  loom much larger on the international scene than its population might  warrant. Despite its vast territory (it is the fourth biggest country in  Africa), Libya has a population of just 6.7m – compared with the 80m in  neighbouring Egypt.&lt;/p&gt;&lt;p&gt;As the Libyan regime totters, it no longer  seems hyperbolic to call the events in the Middle East, “the Arab 1989”.  But while the European revolutions of 1989 swept away undemocratic  regimes that were profoundly hostile to the west, the Arab revolutions  have, so far, claimed pro-western regimes that were regarded as forces  for moderation in the region. &lt;/p&gt;&lt;p&gt;Egypt and Tunisia have gone. Libya,  the west’s new-found friend, is wobbling. Bahrain, the base for the US  Fifth Fleet, is in turmoil. So is Yemen, an important ally in the fight  against al-Qaeda. The Americans would love to see their enemies in Iran  and Syria swept away by the tide of popular revolt. The fear is that  those regimes might be ruthless enough to cling on.&lt;/p&gt;&lt;p&gt;That leaves  Saudi Arabia as the west’s most crucial Arab ally. Few in Washington are  comfortable defending a feudal monarchy whose educational system  produced fifteen of the nineteen 9/11 hijackers. Yet the Saudis have  only grown more crucial to the west in recent years, as a bulwark  against Iran and as the “Central Bank” of oil – the world’s largest oil  producer. &lt;/p&gt;&lt;p&gt;It is not clear how Saudi Arabia will react to the loss  of a key ally in Mr Mubarak and to turmoil in neighbouring Bahrain and  Yemen. But a rapid move to democracy can certainly be ruled out. Rather  more likely would be a Saudi move to prop up their neighbouring Sunni  royal family in Bahrain, perhaps through military intervention, using  the vast amounts of weaponry sold to the Saudis by eager westerners. &lt;/p&gt;&lt;p&gt;The  Obama administration would love to have a clear narrative in which  freedom and American interests advance, hand-in-hand, across the Middle  East. In reality, things are much messier and more dangerous than that. &lt;/p&gt;&lt;p&gt;But  there should be little room for mixed feelings about the downfall of  Col Gaddafi. Despite the feeble post-Iraq efforts to rebrand the Libyan  leader as a force for good, he remains what he always was – a despot and  a monster.&lt;/p&gt;&lt;/div&gt;&lt;/div&gt;&lt;p class=&quot;copyright&quot;&gt;&lt;a href=&quot;http://www.ft.com/servicestools/help/copyright&quot;&gt;Copyright&lt;/a&gt;  The Financial Times Limited 2011. You may share using our article  tools. Please don&#39;t cut articles from FT.com and redistribute by email  or post to the web.&lt;/p&gt;</description><link>http://daisyhwku.blogspot.com/2011/02/grubby-libyan-lesson-in-realpolitik.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-1537874766752649000</guid><pubDate>Tue, 04 Jan 2011 09:20:00 +0000</pubDate><atom:updated>2011-01-04T01:21:59.892-08:00</atom:updated><title>2011: The Enterprise Resets</title><description>&lt;div class=&quot;post_subheader snap_nopreview&quot; style=&quot;padding-bottom: 8px;&quot;&gt;&lt;div class=&quot;post_subheader_left&quot;&gt;      &lt;a rel=&quot;nofollow&quot; href=&quot;http://techcrunch.com/2011/01/02/2011-enterprise/&quot; title=&quot;Posts by Aaron Levie&quot;&gt;Aaron Levie&lt;/a&gt;             Jan 2, 2011              &lt;/div&gt;    &lt;/div&gt;         &lt;p&gt;&lt;img class=&quot;shot2&quot; src=&quot;http://tctechcrunch.files.wordpress.com/2010/12/reset.jpg&quot; alt=&quot;&quot; /&gt;&lt;/p&gt; &lt;p&gt;&lt;em&gt;This post was written by &lt;a href=&quot;http://www.crunchbase.com/person/aaron-levie&quot;&gt;Aaron Levie&lt;/a&gt;, CEO and co-founder of &lt;a href=&quot;http://www.box.net/&quot;&gt;Box.net&lt;/a&gt;.  His last guest post for us was &lt;a href=&quot;http://techcrunch.com/2010/11/07/building-the-simple-enterprise/&quot;&gt;“Building The Simple Enterprise.”&lt;/a&gt;&lt;/em&gt;.&lt;/p&gt; &lt;p&gt;On a recent call, an analyst shared a story about a company whose IT  infrastructure was completely wiped out in a natural disaster. Forced to  start from scratch, the company reinvented the spirit and composition  of its enterprise IT strategy, and the set of solutions that emerged  from the rubble made their organization inherently more mobile and  efficient. Which begs the question: what would enterprise IT look like  if all companies were afforded the opportunity to “start over?”  In  2011, we might just find out. Other less destructive but incredibly  powerful drivers for change are at work, and the coming year will be one  of massive transformation in the enterprise.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;The cloud has tipped for the enterprise&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;&lt;a href=&quot;http://www.computerweekly.com/Articles/2010/12/03/244327/IDC-predicts-IT-boom-in-2011.htm&quot;&gt;IDC forecasts&lt;/a&gt;  that worldwide IT spending will hit $1.6 trillion this year, with 13%  growth coming from software and services, and public cloud solutions  making up the largest growth area. Cloud services are no longer on the  periphery. 2011 will make this undoubtedly clear, bringing a massive  wave of adoption, innovation and transformation as the cloud crosses the  chasm from the early adopters to larger, more pragmatic organizations.&lt;/p&gt; &lt;p&gt;&lt;img src=&quot;http://www.techcrunchit.com/wp-content/uploads/2010/12/box1.jpg&quot; alt=&quot;&quot; title=&quot;box&quot; class=&quot;aligncenter size-full wp-image-6565&quot; height=&quot;187&quot; width=&quot;552&quot; /&gt;&lt;/p&gt; &lt;p&gt;Evidence that the cloud has tipped is everywhere. It especially hit  me when my dad, who works at a blue-chip paper company, told me that one  of his business units had recently adopted NetSuite. Microsoft has  started advertising their cloud products at airports and on television.  In 2010, the US government determined that Google apps is &lt;a href=&quot;http://www.eweek.com/c/a/Messaging-and-Collaboration/GSA-Picks-Google-Apps-Cloud-Over-Microsoft-IBM-456993/&quot;&gt;secure enough&lt;/a&gt; for the GSA and Microsoft’s &lt;a href=&quot;http://online.wsj.com/article/SB10001424052748704447604576007842250842416.html?mod=googlenews_wsj&quot;&gt;BPOSS for the USDA&lt;/a&gt;, citing millions in cost savings annually. Even Larry Ellison, one of the cloud’s biggest detractors, &lt;a href=&quot;http://www.youtube.com/watch?v=0FacYAI6DY0&quot;&gt;opened&lt;/a&gt; his Oracle Openworld keynote &lt;a href=&quot;http://www.youtube.com/watch?v=tWB0fR-buJ4&quot;&gt;talking about, well, cloud computing.&lt;/a&gt; &lt;/p&gt; &lt;p&gt;Suffice it to say, we’re in the middle of one of the most important  computing shifts in history. And as has happened before with other major  paradigm transitions, new businesses will emerge to define and dominate  markets. Apple and Microsoft took over as we moved from Mainframe to  Personal. Google’s power grew alongside the rise of the consumer  internet era. Facebook is owning social. We know the drill. We will look  back on this period with wonder, when five years from now managing your  own servers and infrastructure will seem about as quaint as when &lt;a href=&quot;http://online.wsj.com/article/SB10001424052748704039704574616401913653862.html&quot;&gt;Bill Gates supposedly said,&lt;/a&gt; “No one will need more than 637KB of memory.”&lt;/p&gt; &lt;p&gt;Cloud in the enterprise is a classic disruption story. It began as a  way to deliver lower-end applications that we didn’t yet care about or  know we needed. Most incumbent vendors ignored or tried to delay the  early indicators. But that’s how all disruption stories start: from the  low end, and as the technology matures – more security, uptime, traction  – the wave builds momentum. Soon, the enterprise wakes up to the fact  that this approach to doing business and IT is not only more time and  cost effective, it’s transforming the way their organization operates.&lt;/p&gt; &lt;p&gt;The first cloud deployment in a large enterprise is always the  greatest hurdle, but once Walmart implements SuccessFactors for  performance management or Chiquita’s CIO decides that Workday is  reliable enough to be its system of record for HR, there’s very little  holding these organizations back from moving other non-core systems to  outside vendors. &lt;/p&gt; &lt;p&gt;And their cloud adoption paves the way for others, creating a ripple  effect through organizations of all sizes. If you had surveyed the  market a year ago you’d have found many enterprises still wary about the  state of cloud solutions for their business, but we’re now seeing the  inverse become true: enterprises are no longer comfortable with  investing in on-premise systems when trusted web-based alternatives  exist. &lt;/p&gt; &lt;p&gt;Just as mainframe computing became obsolete when personal computers  and servers matched their power far more efficiently, today’s big iron  IT infrastructure may well see its own obsolescence for the majority of  needs. In fact, perhaps the most prescient quote of all was from Thomas  J. Watson, former president of IBM, when he said, “I think there is a  world market for maybe five computers.” He was just about 60 years too  early.&lt;/p&gt; &lt;p&gt;&lt;img src=&quot;http://www.techcrunchit.com/wp-content/uploads/2010/12/box21.jpg&quot; alt=&quot;&quot; title=&quot;box2&quot; class=&quot;aligncenter size-full wp-image-6566&quot; height=&quot;196&quot; width=&quot;611&quot; /&gt;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;The mobile enterprise will finally be realized&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;Mobility is creating major demand for cloud offerings today, and is a  disruptive force on its own. In last year’s summer earnings call, Apple  COO &lt;a href=&quot;http://www.zdnet.com/blog/btl/apples-ipad-iphone-and-an-enterprise-halo-effect/36991&quot;&gt;Tim Cook shared that&lt;/a&gt;,  “…in the first 90 days, we already have 50% of the Fortune 500 that are  deploying or testing the iPad.”  In 2010, AT&amp;amp;T said that &lt;a href=&quot;http://www.engadget.com/2010/05/27/atandt-40-percent-of-iphones-are-enterprise-android-built-with/&quot;&gt;nearly 40% of iPhone sales&lt;/a&gt; were going to businesses and enterprises, with the &lt;a href=&quot;http://www.investorplace.com/18151/google-android-os-major-corporate-smart-phone-winner/&quot;&gt;most relative growth&lt;/a&gt; in enterprise market share coming from Android devices in 2010.  &lt;/p&gt; &lt;p&gt;As Aberdeen’s &lt;a href=&quot;http://blogs.aberdeen.com/2010/06/29/apple-and-google-duking-it-out/&quot;&gt;Andrew Borg points out&lt;/a&gt;,  these devices aren’t completely enterprise ready, yet it doesn’t take  much clairvoyance to see that this trend will continue to gain momentum  in 2011; and with greater diversity of sophisticated mobile devices in  the enterprise comes completely new opportunities for disruption. &lt;/p&gt; &lt;p&gt;For these new devices to be fully corporate-ready, they need seamless  access to email systems, business data and intelligence, communication  tools, and more.  The cloud rewrites the rules here, enabling new  handsets and tablets to connect to the “grid” like any other computer,  something that is finally making the mobile workplace a reality.  And  with the truly mobile workforce, completely new computing cases are  emerging.  &lt;/p&gt; &lt;p&gt;Remote sales teams are pulling down inventory or product information  from the cloud while on-site with just their iPad in hand.  Construction  workers on rooftops are viewing up-to-date digital blue prints from the  main office.  Good luck doing that with SharePoint.  Mobile devices are  becoming a catalyst for completely new enterprise applications, and  vice versa.  The marriage of the two is so uniquely powerful that  businesses will experience a wave of productivity transformation over  the next few years. &lt;/p&gt; &lt;p&gt;&lt;strong&gt;The polygamous enterprise and the fall of Microsoft monogamy&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;While enterprises of prior decades may have gotten by predominantly  on a combination of software developed in Redmond and Redwood Shores,  this won’t be the case for the enterprise in 2011. The mandate of the  modern enterprise IT department is transitioning from maintaining and  upgrading systems from a limited set of vendors, to piloting and  implementing a diverse set of services to solve problems.  &lt;/p&gt; &lt;p&gt;We’re even seeing this shift on the hardware side, as Macs enter corporations in greater proportions, &lt;a href=&quot;http://tech.fortune.cnn.com/2010/08/23/mac-enterprise-sales-surged-in-june/&quot;&gt;seeing double and in some cases triple digit growth&lt;/a&gt;  within large enterprises and the government.  The era of near-religious  adoption of vertically integrated tools from behemoth vendors is coming  to an end, providing an unprecedented opening for best-of-breed  solutions to compete for enterprise customers. &lt;/p&gt; &lt;p&gt;Microsoft will likely be the most affected party, but enterprises in  2011 will start to feel both the upsides and management strain  immediately.  With the floodgates open for new and heterogeneous  solutions, we’ll continue to see massive adoption of technology directly  from employees themselves.  This is quickly becoming the fastest entry  point for new software and hardware, and these tools aren’t being  immediately turned off by IT.  &lt;/p&gt; &lt;p&gt;During an audience survey at this year’s Dreamforce conference half  the group said they had SharePoint in their organization; yet when asked  how many were looking to switch off SharePoint in the coming year, more  than half of the group kept their hands up.  Ballmer and company are  still trying to figure out how to operate in a world that isn’t centered  around them, and the rise of cloud and mobile is producing just exactly  that. Microsoft—a company that has traditionally grown through  complexity and new product lines—is going to have to fight to stay  competitive.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Social and personalization will permeate all business apps&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;All this variety would normally create chaos, except that these  applications are becoming connected in incredibly powerful ways. They’ll  work harder for us, surfacing more relevant information for a passive  user than an active user could ever possibly discover in their silo-ed  legacy software. &lt;/p&gt; &lt;p&gt;Social capabilities will transform how we interact with our  applications, and not just within the category of enterprise social  software, which is finally beginning to move from the periphery to  mainstream, with Gartner estimating a &lt;a href=&quot;http://www.eweek.com/c/a/Messaging-and-Collaboration/Enterprise-Social-Software-Spend-Creeping-up-to-1-Billion-508550/&quot;&gt;$1B market size&lt;/a&gt; in 2011. To get much further than this, &lt;a href=&quot;http://blogs.forrester.com/rob_koplowitz/10-12-01-collaboration_will_become_more_people_centric_in_2011_and_will_challenge_cc_pros&quot;&gt;Rob Koplowitz of Forrester points out&lt;/a&gt;  that business value has to be established, and organizations must learn  to embrace a different kind of risk, suggesting there’s more danger  today by not sharing enough than having too much transparency.&lt;/p&gt; &lt;p&gt;This is not just about our software becoming more social in the  contemporary sense, with status messages and communication between  users.  It’s about our software becoming much more personalized for our  job functions, and being smarter than us in the areas it has more  knowledge. Your content management solution should surface information  and collaborators that are relevant to your current projects. &lt;/p&gt; &lt;p&gt;Your social software platform should recommend experts for a team  you’re putting together without being prompted. LinkedIn should tell you  what candidates fit the position for which you’re hiring.  And as the  business social layer continues to grow, a rich ecosystem of  applications that connect to one another will emerge.  This will lead to  the ability to write mashups on top of our business social software,  have viral business applications that live on top of the “graph,” and an  enterprise experience in 2011 that is far more personalized and  contextual to our own work behaviors.  &lt;/p&gt; &lt;p&gt;The disruption story of cloud in the enterprise is still in its early  chapters, but in 2011 it will be impossible to deny. Don’t be surprised  if the rise of mobility, the fall of vendor hegemony, and the spread of  social capabilities across all business applications creates massive  upheaval in the enterprise software market—more than we’ve seen in the  past five years combined. (I may be biased here since I run an  enterprise cloud startup, but I may also be right).&lt;/p&gt; &lt;p&gt;It will also create short-term challenges for IT departments as they  find their footing in a world with more applications and devices to  manage than ever before, but with a long-term upside of significantly  reduced system maintenance and a role that is inherently more strategic  and dynamic. For users, however, this disruption only brings benefits.  The devices they want to use are finally the ones they’re being armed  with, and thanks to cloud applications, they can now work from anywhere.  &lt;/p&gt; &lt;p&gt;The technology they’re using is best-of-breed rather than chosen by  default or vendor lock-in. And the social capabilities that have  revolutionized their personal lives are now being applied to their work  lives in ways that are arguably even more powerful.  Welcome to 2011.&lt;/p&gt; &lt;p&gt;&lt;em&gt;Photo credit: Flickr/&lt;a href=&quot;http://www.flickr.com/photos/jkonig/450664690/&quot;&gt;Jennifer Konig&lt;/a&gt;&lt;/em&gt;&lt;/p&gt; &lt;div class=&quot;cbw_header&quot;&gt;&lt;style type=&quot;text/css&quot;&gt;.cbw { padding: 1px; border: 1px solid rgb(182, 182, 182); margin: 0.6em 0pt ! important; clear: both; }.cbw a { color: rgb(63, 135, 187) ! important; border: 0pt none ! important; text-decoration: none ! important; }.cbw a:hover { color: rgb(22, 93, 145) ! important; border: 0pt none ! important; text-decoration: none ! important; }.cbw_header { font-size: 0.9em; font-weight: bold; position: relative; }.cbw_header_text { background: none repeat scroll 0% 0% rgb(244, 244, 244) ! important; padding: 1em ! important; }.cbw_header_toggle { display: block; position: absolute; top: 1em; right: 1em; font-weight: bold; cursor: pointer; }.cbw_header_get { display: block; position: absolute; top: 1em; right: 7em; font-weight: bold; cursor: pointer; }.cbw_subheader { padding: 0.7em 0.7em 0.5em ! important; border: 0pt none ! important; margin: 0pt ! important; font-size: 1.2em ! important; background: none repeat scroll 0% 0% rgb(244, 244, 244) ! important; font-weight: bold; }.cbw_subcontent { font-size: 0.95em; line-height: 1.2em ! important; margin: 0.15em 0pt ! important; padding: 0.7em ! important; background: none repeat scroll 0% 0% white ! important; border-top: 2px solid rgb(244, 244, 244) ! important; border-bottom: 2px solid rgb(249, 249, 249) ! important; overflow: hidden; height: auto; }.cbw_subcontent p { margin: 0.45em 0.15em ! important; padding: 0pt ! important; }.cbw_subcontent_left { float: right ! important; margin: 0pt 0pt 0.5em 0.5em ! important; }.cbw img { max-width: 150px ! important; max-height: 150px ! important; border: 0pt none ! important; padding: 0pt ! important; }.cbw img:hover, .cbw_subcontent_left a:hover { border: 0pt none ! important; }.cbw_subcontent_right {  }.cbw_subcontent table { width: auto ! important; }.cbw_subcontent td { padding: 0.15em ! important; vertical-align: top ! important; }.cbw_subcontent .td_left { width: 40px ! important; font-weight: bold ! important; }.cbw_footer { padding: 0.8em ! important; font-size: 0.9em ! important; text-align: right ! important; background: none repeat scroll 0% 0% rgb(249, 249, 249) ! important; }.cbw_footer a { font-weight: bold; }&lt;/style&gt;&lt;style type=&quot;text/css&quot;&gt;.cbw_header_text { display: none; }&lt;/style&gt;&lt;a href=&quot;http://www.crunchbase.com/widget/&quot; class=&quot;cbw_header_get&quot;&gt;get widget&lt;/a&gt;&lt;a class=&quot;cbw_header_toggle&quot;&gt;minimize&lt;/a&gt;&lt;div class=&quot;cbw_header_text&quot;&gt;&lt;a href=&quot;http://www.crunchbase.com/&quot;&gt;CrunchBase Information&lt;/a&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class=&quot;cbw_subheader&quot;&gt;&lt;a href=&quot;http://www.crunchbase.com/company/box-net&quot;&gt;Box.net&lt;/a&gt;&lt;/div&gt;      &lt;div class=&quot;cbw_subcontent_left&quot;&gt;     &lt;a href=&quot;http://www.crunchbase.com/company/box-net&quot;&gt;&lt;img src=&quot;http://www.crunchbase.com/assets/images/resized/0000/3484/3484v3-max-150x150.png&quot; alt=&quot;Box.net image&quot; border=&quot;0&quot; /&gt;&lt;/a&gt;   &lt;/div&gt;       &lt;table&gt;     &lt;tbody&gt;&lt;tr&gt;   &lt;td class=&quot;td_left&quot;&gt;Website:&lt;/td&gt;   &lt;td class=&quot;td_right&quot;&gt;    &lt;a href=&quot;http://www.box.net/&quot; target=&quot;_blank&quot; title=&quot;box.net&quot;&gt;box.net&lt;/a&gt;   &lt;/td&gt;  &lt;/tr&gt;          &lt;tr&gt;&lt;td class=&quot;td_left&quot;&gt;Location:&lt;/td&gt;&lt;td class=&quot;td_right&quot;&gt;Palo Alto, California, United States&lt;/td&gt;&lt;/tr&gt;       &lt;tr&gt;   &lt;td class=&quot;td_left&quot;&gt;Founded:&lt;/td&gt;   &lt;td class=&quot;td_right&quot;&gt;2005&lt;/td&gt;  &lt;/tr&gt;         &lt;tr&gt;    &lt;td class=&quot;td_left&quot;&gt;Funding:&lt;/td&gt;    &lt;td class=&quot;td_right&quot;&gt;$29.6M&lt;/td&gt;   &lt;/tr&gt;   &lt;/tbody&gt;&lt;/table&gt;    After starting as a college business project in 2005, Box.net was  officially launched in March of 2006 with the vision of connecting  people, devices and networks. Box.net provides more than 4 million users  with secure cloud content management</description><link>http://daisyhwku.blogspot.com/2011/01/2011-enterprise-resets.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-7932538266802617973</guid><pubDate>Mon, 03 Jan 2011 12:11:00 +0000</pubDate><atom:updated>2011-01-03T04:20:24.086-08:00</atom:updated><title>Goldman invests in Facebook at $50 bln valuation</title><description>&lt;span class=&quot;timestamp published&quot; title=&quot;2011-01-02T23:31:09+00:00&quot;&gt; &lt;span class=&quot;date&quot;&gt;January 2, 2011, &lt;em&gt;11:31 pm&lt;/em&gt;&lt;/span&gt;&lt;/span&gt;   &lt;span class=&quot;cat-links&quot;&gt;&lt;a href=&quot;http://dealbook.nytimes.com/category/main-topics/venture-capital/&quot;&gt;Venture Capital&lt;/a&gt;&lt;/span&gt;      &lt;address class=&quot;byline author vcard&quot;&gt;By &lt;a href=&quot;http://dealbook.nytimes.com/author/andrew-ross-sorkin/&quot; class=&quot;url fn&quot; title=&quot;See all posts by ANDREW ROSS SORKIN&quot;&gt;ANDREW ROSS SORKIN&lt;/a&gt; &lt;span&gt;and&lt;/span&gt; &lt;a href=&quot;http://dealbook.nytimes.com/author/evelyn-m-rusli/&quot; class=&quot;url fn&quot; title=&quot;See all posts by EVELYN M. RUSLI&quot;&gt;EVELYN M. RUSLI&lt;/a&gt;&lt;/address&gt; &lt;div class=&quot;entry-content&quot;&gt;&lt;div class=&quot;w348 right&quot;&gt;&lt;img alt=&quot;Zuckerberg&quot; src=&quot;http://graphics8.nytimes.com/images/2010/12/10/business/dbpix-mark-zuckerberg-facebook/dbpix-mark-zuckerberg-facebook-custom1.jpg&quot; /&gt; &lt;div class=&quot;credit&quot;&gt;Tony Avelar/Bloomberg News&lt;/div&gt; &lt;div class=&quot;caption&quot;&gt;The deal could double the personal fortune of &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/z/mark_e_zuckerberg/index.html?inline=nyt-per&quot; class=&quot;tickerized&quot; title=&quot;More articles about Mark E. Zuckerberg.&quot;&gt;Mark Zuckerberg&lt;/a&gt;, &lt;a href=&quot;http://topics.nytimes.com/top/news/business/companies/facebook_inc/index.html?inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More articles about Facebook.&quot;&gt;Facebook&lt;/a&gt;’s co-founder.&lt;/div&gt; &lt;/div&gt; &lt;p&gt;Facebook, the popular social networking site, has raised $500 million from &lt;a href=&quot;http://dealbook.on.nytimes.com/public/overview?symbol=GS&amp;amp;inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More information about Goldman Sachs Group Inc&quot;&gt;Goldman Sachs&lt;/a&gt; and a Russian investor in a deal that values the company at $50 billion, according to people involved in the transaction. &lt;/p&gt; &lt;p&gt;The deal makes Facebook now worth more than companies like &lt;a href=&quot;http://dealbook.on.nytimes.com/public/overview?symbol=EBAY&amp;amp;inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More information about eBay Inc&quot;&gt;eBay&lt;/a&gt;, &lt;a href=&quot;http://dealbook.on.nytimes.com/public/overview?symbol=YHOO&amp;amp;inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More information about Yahoo! Inc&quot;&gt;Yahoo&lt;/a&gt; and &lt;a href=&quot;http://dealbook.on.nytimes.com/public/overview?symbol=TWX&amp;amp;inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More information about Time Warner Inc&quot;&gt;Time Warner&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;The stake by Goldman Sachs, considered one of Wall Street’s savviest  investors, signals the increasing might of Facebook, which has already  been bearing down on giants like &lt;a href=&quot;http://dealbook.on.nytimes.com/public/overview?symbol=GOOG&amp;amp;inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More information about Google Inc&quot;&gt;Google&lt;/a&gt;. &lt;/p&gt; &lt;p&gt;The new money will give Facebook more firepower to steal away  valuable employees, develop new products and possibly pursue  acquisitions — all without being a publicly traded company. The  investment may also allow earlier shareholders, including Facebook  employees, to cash out at least some of their stakes.&lt;/p&gt; &lt;p&gt;The new investment comes as the &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More articles about the U.S. Securities And Exchange Commission.&quot;&gt;Securities and Exchange Commission&lt;/a&gt; &lt;a href=&quot;http://dealbook.nytimes.com/2010/12/27/stock-trading-in-private-companies-draws-scrutiny/&quot;&gt;has begun an inquiry&lt;/a&gt; into the increasingly hot private market for shares in Internet companies, including Facebook, &lt;a href=&quot;http://topics.nytimes.com/top/news/business/companies/twitter/index.html?inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More articles about Twitter.&quot;&gt;Twitter&lt;/a&gt;,  the gaming site Zynga and LinkedIn, an online professional networking  site. Some experts suggest the inquiry is focused on whether certain  companies are improperly using the private market to get around public  disclosure requirements.&lt;/p&gt; &lt;p&gt;The deal &lt;a href=&quot;http://dealbook.nytimes.com/2010/12/28/focus-on-private-shares-could-push-a-public-offering/&quot;&gt;could add pressure&lt;/a&gt; on Facebook to go public even as its executives have resisted. The popularity of shares of &lt;a href=&quot;http://dealbook.on.nytimes.com/public/overview?symbol=MSFT&amp;amp;inline=nyt-org&quot; class=&quot;tickerized&quot; title=&quot;More information about Microsoft Corp&quot;&gt;Microsoft&lt;/a&gt; and Google in the private market ultimately pressured them to pursue initial public offerings.&lt;/p&gt; &lt;div class=&quot;w231 left module&quot;&gt;&lt;div class=&quot;entry entry-utility&quot;&gt;&lt;ul class=&quot;entry-tools&quot;&gt;&lt;li id=&quot;share338893&quot; class=&quot;closed share&quot;&gt; &lt;br /&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/div&gt;  &lt;/div&gt; &lt;p&gt;So far, Facebook’s chief executive, Mark Zuckerberg, has brushed  aside the possibility of an initial public offering or a sale of the  company. At an industry conference in November, he said on the topic,  “Don’t hold your breath.” However, people involved in the fund-raising  effort suggest that Facebook’s board has indicated an intention to  consider a public offering in 2012.&lt;/p&gt; &lt;p&gt;There has been an explosion in user interest in social media sites.  The social buying site Groupon, which recently rejected a $6 billion  takeover bid from Google, is in the process of &lt;a href=&quot;http://dealbook.nytimes.com/2010/12/30/groupon-attracts-new-investors-and-works-on-an-i-p-o/&quot;&gt;raising as much as $950 million&lt;/a&gt;  from major institutional investors, at a valuation near $5 billion,  according to people briefed on the matter who were not authorized to  speak publicly.&lt;/p&gt; &lt;p&gt;“When you think back to the early days of Google, they were kind of  ignored by Wall Street investors, until it was time to go public,” said  Chris Sacca, an angel investor in Silicon Valley who is a former Google  employee and an investor in Twitter. “This time, the Street is  smartening up. They realize there are true growth businesses out here.  Facebook has become a real business, and investors are coming out here  and saying, ‘We want a piece of it.’ ”&lt;/p&gt; &lt;p&gt;The Facebook investment deal is likely to stir up a debate about what  the company would be worth in the public market. Though it does not  disclose its financial performance, analysts estimate the company is  profitable and could bring in as much as $2 billion in revenue annually.&lt;/p&gt; &lt;p&gt;Under the terms of the deal, Goldman has invested $450 million, and  Digital Sky Technologies, a Russian investment firm that has already  sunk about half a billion dollars into Facebook, invested $50 million,  people involved in the talks said.&lt;/p&gt; &lt;p&gt;Goldman has the right to sell part of its stake, up to $75 million,  to the Russian firm, these people said. For Digital Sky Technologies,  the deal means its original investment in Facebook, at a valuation of  $10 billion, has gone up fivefold.&lt;/p&gt; &lt;p&gt;Representatives for Facebook, Goldman and Digital Sky Technologies all declined to comment.&lt;/p&gt; &lt;p&gt;Goldman’s involvement means it may be in a strong position to take  Facebook public when it decides to do so in what is likely to be a  lucrative and prominent deal.&lt;/p&gt; &lt;p&gt;As part of the deal, Goldman is expected to raise as much as $1.5  billion from investors for Facebook at the $50 billion valuation, people  involved in the discussions said, speaking on the condition of  anonymity because the transaction was not supposed to be made public  until the fund-raising had been completed.&lt;/p&gt; &lt;p&gt;In a rare move, Goldman is planning to create a “special purpose  vehicle” to allow its high-net-worth clients to invest in Facebook,  these people said.  While the S.E.C. requires companies with more than  499 investors to disclose their financial results to the public,  Goldman’s proposed special purpose vehicle may be able get around such a  rule because it would be managed by Goldman and considered just one  investor, even though it could conceivably be pooling investments from  thousands of clients.&lt;/p&gt; &lt;p&gt;It is unclear whether the S.E.C. will look favorably upon the arrangement.&lt;/p&gt; &lt;p&gt;Already, a thriving secondary market exists for shares of Facebook  and other private Internet companies. In November, $40 million worth of  Facebook shares changed hands in an auction on a private exchange called  SecondMarket. According to SharesPost, Facebook’s value has roughly  tripled over the last year, to $42.4 billion. Some investors appear to  have bought Facebook shares at a price that implies a valuation of $56  billion. But the credibility of one of Wall Street’s largest names,  Goldman, may help justify the company’s worth.&lt;/p&gt; &lt;p&gt;Facebook &lt;a href=&quot;http://www.hitwise.com/us/press-center/press-releases/facebook-was-the-top-search-term-in-2010-for-sec/&quot;&gt;also surpassed Google&lt;/a&gt; as the most visited Web site in 2010, according to the Internet tracking firm Experian Hitwise.&lt;/p&gt; &lt;p&gt;Facebook received 8.9 percent of all Web visits in the United States  between January and November 2010. Google’s main site was second with  7.2 percent, followed by Yahoo Mail service, Yahoo’s Web portal and  YouTube, part of Google.&lt;/p&gt; &lt;p&gt;For Mr. Zuckerberg, the deal may double his personal fortune, which  Forbes estimated at $6.9 billion when Facebook was valued at $23  billion. That would put him in a league with the founders of Google, &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/p/larry_page/index.html?inline=nyt-per&quot; class=&quot;tickerized&quot; title=&quot;More articles about Larry Page.&quot;&gt;Larry Page&lt;/a&gt; and &lt;a href=&quot;http://topics.nytimes.com/top/reference/timestopics/people/b/sergey_brin/index.html?inline=nyt-per&quot; class=&quot;tickerized&quot; title=&quot;More articles about Sergey Brin.&quot;&gt;Sergey Brin&lt;/a&gt;, who are reportedly worth $15 billion apiece.&lt;/p&gt; &lt;p&gt;Even as Goldman takes a stake in Facebook, its employees may struggle  to view what they invested in. Like those at most major Wall Street  firms, Goldman’s computers automatically block access to social  networking sites, including Facebook.&lt;/p&gt; &lt;/div&gt;</description><link>http://daisyhwku.blogspot.com/2011/01/goldman-invests-in-facebook-at-50-bln.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-5499114783292281837</guid><pubDate>Tue, 28 Dec 2010 02:34:00 +0000</pubDate><atom:updated>2010-12-27T18:35:04.463-08:00</atom:updated><title>No Easy Ride for Yuan Through Hong Kong</title><description>&lt;span class=&quot;Apple-style-span&quot; style=&quot;font-family: Arial, Helvetica, sans-serif; font-size: 10px; line-height: 10px; &quot;&gt;&lt;h3 class=&quot;byline&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0.583em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 8px; font-size: 1.2em; font-weight: normal; font-family: helvetica; line-height: 1.3em; color: rgb(102, 102, 102); &quot;&gt;By &lt;a href=&quot;http://online.wsj.com/search/term.html?KEYWORDS=ALEX+FRANGOS&amp;amp;bylinesearch=true&quot; style=&quot;color: rgb(9, 61, 114); text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; text-transform: uppercase; letter-spacing: 1px; &quot;&gt;ALEX FRANGOS&lt;/a&gt;&lt;/h3&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;When is a yuan not a yuan? When it is in Hong Kong.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;Bankers are giddy with excitement over the recent liberalization of trading in the Chinese currency in Hong Kong, even raising notions that a flood of yuan into the city will erode the logic behind the Hong Kong dollar&#39;s peg to the greenback.&lt;/p&gt;&lt;div class=&quot;insetContent embedType-image imageFormat-arbitrary&quot; style=&quot;margin-top: 0px; margin-right: 19px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 8px; padding-bottom: 0px; padding-left: 8px; font-size: 1em; zoom: 1; float: left; clear: left; border-top-width: 0px; border-top-style: solid; border-top-color: rgb(112, 120, 124); border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; &quot;&gt;&lt;div class=&quot;insetTree&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; float: left; position: relative; width: 325px; &quot;&gt;&lt;div class=&quot;insettipUnit&quot; style=&quot;margin-top: 6px; margin-right: 0px; margin-bottom: 8px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; float: left; top: 0px; width: 325px; &quot;&gt;&lt;img src=&quot;http://si.wsj.net/public/resources/images/MI-BH617_HKHERD_NS_20101227182111.jpg&quot; vspace=&quot;0&quot; hspace=&quot;0&quot; border=&quot;0&quot; alt=&quot;[HKHERD]&quot; height=&quot;273&quot; width=&quot;325&quot; style=&quot;border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-width: initial; border-color: initial; border-style: initial; border-color: initial; float: none; margin-top: 0px; margin-right: auto; margin-bottom: 0px; margin-left: auto; &quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;It is unlikely the territory&#39;s vaunted peg—in place since 1983—is going anywhere soon. Hong Kong Monetary Authority Chief Executive Norman Chan has four criteria before Hong Kong will switch currency allegiances. These include an open capital account in China, a freely convertible currency, a mature financial system and a Hong Kong economy more closely aligned with China&#39;s. How many have been met? None, he says.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;Still, the yuan certainly is flooding in. Deposits of the Chinese currency in the Hong Kong banking system have mushroomed to the equivalent of $32.6 billion in October, up from $8.4 billion a year earlier.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;Partly this is a result of a Chinese regulatory change in July, which freed the yuan to be used for private investment, setting off a parade of bond issuances in the Hong Kong market by companies, most recently including a Russian bank and a Macau-based casino. &lt;a href=&quot;http://online.wsj.com/public/quotes/main.html?type=djn&amp;amp;symbol=CAT&quot; class=&quot;companyRollover link11unvisited&quot; style=&quot;color: rgb(9, 61, 114); text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; &quot;&gt;Caterpillar&lt;/a&gt; and&lt;a href=&quot;http://online.wsj.com/public/quotes/main.html?type=djn&amp;amp;symbol=MCD&quot; class=&quot;companyRollover link11unvisited&quot; style=&quot;color: rgb(9, 61, 114); text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; &quot;&gt;McDonald&#39;s&lt;/a&gt; have also tested the market with yuan-denominated bond issues to help fund their China operations at lower interest rates. Billionaire Li Ka-shing is said to be planning the first Hong Kong yuan-denominated IPO tied to a collection of mainland real estate holdings.&lt;/p&gt;&lt;div class=&quot;insetContent insetCol3wide embedType-image imageFormat-D&quot; style=&quot;margin-top: 0px; margin-right: 19px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 8px; padding-bottom: 0px; padding-left: 8px; font-size: 1em; zoom: 1; width: 264px; float: left; clear: left; border-top-width: 0px; border-top-style: solid; border-top-color: rgb(112, 120, 124); border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; &quot;&gt;&lt;div class=&quot;insetTree&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; float: left; position: relative; &quot;&gt;&lt;div id=&quot;articleThumbnail_1&quot; class=&quot;insettipUnit insetZoomTarget&quot; style=&quot;margin-top: 6px; margin-right: 0px; margin-bottom: 8px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; float: left; top: 0px; &quot;&gt;&lt;div class=&quot;insetZoomTargetBox&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; position: relative; &quot;&gt;&lt;div class=&quot;insettipBox&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; position: absolute; bottom: -5px; left: -5px; &quot;&gt;&lt;div class=&quot;insettip&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; cursor: pointer; position: relative; left: 0px; background-position: 0% 100%; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1em; line-height: normal; color: rgb(51, 51, 51); display: block; &quot;&gt;&lt;a style=&quot;display: block; cursor: pointer; background-color: rgb(239, 244, 248); border-top-width: 1px; border-right-width: 1px; border-bottom-width: 1px; border-left-width: 1px; border-top-color: rgb(153, 153, 153); border-right-color: rgb(153, 153, 153); border-bottom-color: rgb(153, 153, 153); border-left-color: rgb(153, 153, 153); border-top-style: solid; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; padding-top: 5px; padding-right: 10px; padding-bottom: 5px; padding-left: 10px; &quot;&gt;View Full Image&lt;/a&gt;&lt;/p&gt;&lt;/div&gt;&lt;/div&gt;&lt;a style=&quot;display: block; cursor: pointer; &quot;&gt;&lt;img src=&quot;http://si.wsj.net/public/resources/images/OB-LN676_hkherd_D_20101227212319.jpg&quot; vspace=&quot;0&quot; hspace=&quot;0&quot; border=&quot;0&quot; height=&quot;174&quot; width=&quot;262&quot; alt=&quot;hkherd1228&quot; style=&quot;border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-width: initial; border-color: initial; border-style: initial; border-color: initial; float: none; margin-top: 0px; margin-right: auto; margin-bottom: 0px; margin-left: auto; &quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;cite style=&quot;font-style: normal; font-weight: normal; text-align: right; display: block; color: rgb(102, 102, 102); margin-top: 3px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; &quot;&gt;Reuters&lt;/cite&gt;&lt;p class=&quot;targetCaption&quot; style=&quot;margin-top: 6px; margin-right: 0px; margin-bottom: 6px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.1em; line-height: 1.2em; color: rgb(51, 51, 51); display: block; &quot;&gt;Deposits of the Chinese yuan in the Hong Kong banking system have mushroomed to the equivalent of $32.6 billion in October, up from $8.4 billion a year earlier.&lt;/p&gt;&lt;/div&gt;&lt;div id=&quot;articleImage_1&quot; class=&quot;insetFullBracket&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; visibility: hidden; position: absolute; top: -100%; left: 0px; z-index: 100; &quot;&gt;&lt;div class=&quot;insetFullBox&quot; style=&quot;margin-top: -30px; margin-right: 0px; margin-bottom: -10px; margin-left: 0px; padding-top: 30px; padding-right: 0px; padding-bottom: 10px; padding-left: 0px; font-size: 1em; position: absolute; background-image: url(http://s1.wsj.net/img/BGD_insetBracket.png); border-top-width: 1px; border-right-width: 1px; border-bottom-width: 1px; border-left-width: 1px; border-top-color: rgb(51, 51, 51); border-right-color: rgb(51, 51, 51); border-bottom-color: rgb(51, 51, 51); border-left-color: rgb(51, 51, 51); border-top-style: solid; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; &quot;&gt;&lt;div class=&quot;insetButton&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; position: absolute; top: 5px; right: 8px; &quot;&gt;&lt;a class=&quot;insetClose&quot; style=&quot;background-image: url(http://s2.wsj.net/img/BTN_insetClose.gif); cursor: pointer; display: block; height: 19px; text-indent: -9999px; width: 19px; &quot;&gt;&lt;img src=&quot;http://si.wsj.net/img/BTN_insetClose.gif&quot; vspace=&quot;0&quot; hspace=&quot;0&quot; border=&quot;0&quot; height=&quot;19&quot; width=&quot;19&quot; alt=&quot;hkherd1228&quot; style=&quot;border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-width: initial; border-color: initial; border-style: initial; border-color: initial; float: none; margin-top: 0px; margin-right: auto; margin-bottom: 0px; margin-left: auto; &quot; /&gt;&lt;/a&gt;&lt;/div&gt;&lt;img src=&quot;http://si.wsj.net/public/resources/images/OB-LN676_hkherd_G_20101227212319.jpg&quot; vspace=&quot;0&quot; hspace=&quot;0&quot; border=&quot;0&quot; height=&quot;369&quot; width=&quot;553&quot; alt=&quot;hkherd1228&quot; style=&quot;border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-width: initial; border-color: initial; border-style: initial; border-color: initial; float: none; margin-top: 0px; margin-right: auto; margin-bottom: 0px; margin-left: auto; &quot; /&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;An even bigger factor was China&#39;s expansion of a trade-settlement program that lets Chinese companies pay for imports with yuan instead of dollars. As a result, foreign companies and individuals in Hong Kong are building up yuan deposits, figuring it is a currency that is only going up.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;But here is the rub: Only a limited amount of yuan can be brought from Hong Kong to China and vice versa without permission. That means little has actually changed when it comes to China&#39;s steel-gated policy of controlling capital flows and investment. As HSBC currency strategist Daniel Hui writes, the Hong Kong yuan &quot;is effectively a separate currency,&quot; that while it allows exposure to China&#39;s currency, it is &quot;not a perfect proxy.&quot;&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;The spread between the value of the Hong Kong yuan and the onshore variety is small and shrinking. The only means for moving Hong Kong-based yuan onshore is through the trade-settlement program or with permission from authorities in Beijing. Hong Kong government officials are hopeful any spread between the two versions of the currency will be arbitraged away as mainland companies exploit the difference by choosing one market over the other in deciding where to raise yuan-denominated capital or which currency to use when settling trades.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;Still, the opposite could happen. In the absence of a true free flow of capital, financial markets can do funny things. Investors looking at the Hong Kong version of the yuan might consider the gap in valuations between Chinese companies with shares listed in both Hong Kong and Shanghai. Right now those traded in the closed-off Shanghai market trade roughly at par with their brothers in Hong Kong. But the difference was as wide as 23% higher in early 2010 and a distorted 108% in January 2008.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; &quot;&gt;It won&#39;t get that bad when it comes to the different flavors of the yuan. But investors looking to ride China&#39;s currency through Hong Kong should still mind the gap.&lt;/p&gt;&lt;/span&gt;</description><link>http://daisyhwku.blogspot.com/2010/12/no-easy-ride-for-yuan-through-hong-kong.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item><item><guid isPermaLink="false">tag:blogger.com,1999:blog-247608134812275754.post-3498221172458737309</guid><pubDate>Wed, 15 Dec 2010 03:26:00 +0000</pubDate><atom:updated>2010-12-14T19:45:45.171-08:00</atom:updated><title>Soaring office rents in Hong Kong</title><description>&lt;span class=&quot;Apple-style-span&quot; style=&quot;font-family: Arial, Helvetica, sans-serif; font-size: 14px; line-height: 14px; &quot;&gt;&lt;h1 style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 12px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 28px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; line-height: 1.2em; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Firms to Shift&lt;/h1&gt;&lt;div id=&quot;story_meta&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; position: relative; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;cite class=&quot;byline&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(111, 111, 111); display: block; font-style: normal; line-height: 1.3em; width: 640px; background-position: initial initial; background-repeat: initial initial; &quot;&gt;By &lt;span class=&quot;author&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Kelvin Wong and Bei Hu&lt;/span&gt; - &lt;span class=&quot;datestamp&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Dec 15, 2010 12:01 AM GMT+0800&lt;/span&gt;&lt;/cite&gt;&lt;/div&gt;&lt;div id=&quot;story_content&quot; class=&quot;clearfix&quot; style=&quot;margin-top: 8px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 6px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 1px; border-right-width: 0px; border-bottom-width: 1px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; display: block; border-top-style: solid; 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background-image: url(http://static02.linkedin.com/scds/common/u/img/sprite/sprite_connect_v4.png?v=); background-attachment: initial; background-origin: initial; background-clip: initial; background-color: initial; cursor: pointer; border-style: initial; border-color: initial; text-indent: -9999em; overflow-x: hidden; overflow-y: hidden; z-index: 1; position: absolute; left: 0px; top: 0px; display: block; width: 18px; height: 18px; float: left; background-position: 0px 0px; background-repeat: no-repeat no-repeat; &quot;&gt;in&lt;/span&gt;&lt;span id=&quot;li_ui_li_gen_0-title&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 4px; padding-bottom: 0px; padding-left: 23px; border-top-width: 1px; border-right-width: 1px; border-bottom-width: 1px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 10px; vertical-align: baseline; 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margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 1px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; text-indent: 0px; display: inline-block; background-position: initial initial; background-repeat: initial initial; &quot;&gt;&lt;span id=&quot;li_ui_li_gen_1-container&quot; class=&quot;right&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 2px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; 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background-attachment: initial; background-origin: initial; background-clip: initial; background-color: initial; display: block; float: left; height: 18px; background-position: 100% -100px; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;span id=&quot;li_ui_li_gen_1-inner&quot; class=&quot;right&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 8px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 1px; vertical-align: baseline; background-image: url(http://static02.linkedin.com/scds/common/u/img/sprite/sprite_connect_v4.png?v=); background-attachment: initial; background-origin: initial; background-clip: initial; background-color: initial; display: block; float: left; text-align: center; background-position: 0px -60px; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;span id=&quot;li_ui_li_gen_1-content&quot; class=&quot;right&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 5px; padding-bottom: 0px; padding-left: 5px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; display: inline; color: rgb(4, 85, 139); font-weight: bold; font-family: Arial, sans-serif; line-height: 18px; background-position: initial initial; background-repeat: initial initial; &quot;&gt;1&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;li class=&quot;share&quot; style=&quot;margin-top: 3px; margin-right: 9px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; float: left; position: relative; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;a href=&quot;http://www.bloomberg.com/news/2010-12-14/soaring-hong-kong-rents-prompt-allianz-accounting-firms-to-shift-towers.html#share&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 6px; padding-right: 0px; padding-bottom: 6px; padding-left: 23px; border-top-width: 1px; border-right-width: 1px; border-bottom-width: 1px; border-left-width: 1px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: url(http://cdn.gotraffic.net/v/20101214_163837/images/icons/story_tools_sprite.png); background-attachment: scroll; background-origin: initial; background-clip: initial; background-color: rgb(255, 255, 255); color: rgb(111, 111, 111); text-decoration: none; border-top-style: solid; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; border-top-color: rgb(255, 255, 255); border-right-color: rgb(255, 255, 255); border-bottom-color: rgb(255, 255, 255); border-left-color: rgb(255, 255, 255); background-position: 2px -120px; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;span style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 17px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: url(http://cdn.gotraffic.net/v/20101214_163837/images/icons/story_tools_sprite.png); background-attachment: scroll; background-origin: initial; background-clip: initial; background-color: rgb(255, 255, 255); background-position: 28px -85px; background-repeat: no-repeat no-repeat; &quot;&gt;More&lt;/span&gt;&lt;/a&gt;&lt;/li&gt;&lt;li class=&quot;print last&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; float: right; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;a href=&quot;http://www.bloomberg.com/news/print/2010-12-14/soaring-hong-kong-rents-prompt-allianz-accounting-firms-to-shift-towers.html&quot; rel=&quot;nofollow&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 6px; padding-right: 0px; padding-bottom: 6px; padding-left: 23px; border-top-width: 1px; border-right-width: 1px; border-bottom-width: 1px; border-left-width: 1px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: url(http://cdn.gotraffic.net/v/20101214_163837/images/icons/story_tools_sprite.png); background-attachment: scroll; background-origin: initial; background-clip: initial; background-color: rgb(255, 255, 255); color: rgb(111, 111, 111); text-decoration: none; border-top-style: solid; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; border-top-color: rgb(255, 255, 255); border-right-color: rgb(255, 255, 255); border-bottom-color: rgb(255, 255, 255); border-left-color: rgb(255, 255, 255); background-position: 6px -37px; background-repeat: no-repeat no-repeat; &quot;&gt;Print&lt;/a&gt;&lt;/li&gt;&lt;li class=&quot;email&quot; style=&quot;margin-top: 0px; margin-right: 9px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; float: right; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;a href=&quot;mailto:?body=Surging%20office%20%20rents%20%20in%20Hong%20Kong%0Aare%20prompting%20firms%20including%20%20Allianz%20Global%20Investors%20%20to%20shift%0Aout%20of%20the%20city%E2%80%99s%20most%20expensive%20towers%20as%20competition%20for%20prime%0Aspace%20heats%20up%20along%20with%20the%20region%E2%80%99s%20growth.%0A%0Ahttp%3A%2F%2Fwww.bloomberg.com%2Fnews%2F2010-12-14%2Fsoaring-hong-kong-rents-prompt-allianz-accounting-firms-to-shift-towers.html&amp;amp;subject=Bloomberg%20news%3A%20Soaring%20Hong%20Kong%20Rents%20Prompt%20Financial%20Firms%20to%20Shift&quot; rel=&quot;nofollow&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 6px; padding-right: 0px; padding-bottom: 6px; padding-left: 23px; border-top-width: 1px; border-right-width: 1px; border-bottom-width: 1px; border-left-width: 1px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: url(http://cdn.gotraffic.net/v/20101214_163837/images/icons/story_tools_sprite.png); background-attachment: scroll; background-origin: initial; background-clip: initial; background-color: rgb(255, 255, 255); color: rgb(111, 111, 111); text-decoration: none; border-top-style: solid; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; border-top-color: rgb(255, 255, 255); border-right-color: rgb(255, 255, 255); border-bottom-color: rgb(255, 255, 255); border-left-color: rgb(255, 255, 255); background-position: 6px 2px; background-repeat: no-repeat no-repeat; &quot;&gt;Email&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;div class=&quot;story_inline assets&quot; style=&quot;margin-top: 0px; margin-right: 15px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; position: relative; float: left; width: 200px; line-height: 1em; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;div class=&quot;story_inline attachments&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;div class=&quot;image thumbnail&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;div class=&quot;thumbnail_container&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; position: relative; display: inline-block; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;img alt=&quot;Soaring Hong Kong Rents &quot; src=&quot;http://www.bloomberg.com/apps/data?pid=avimage&amp;amp;iid=impZDFg1XiFU&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; width: 200px; background-position: initial initial; background-repeat: initial initial; &quot; /&gt;&lt;/div&gt;&lt;p class=&quot;caption&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 10px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Arial, Helvetica, sans-serif; line-height: 1.6em; font-weight: normal; color: rgb(111, 111, 111); background-position: initial initial; background-repeat: initial initial; &quot;&gt;One International Finance Centre, center right, and Two International Finance Centre, center, are illuminated on the skyline in Hong Kong on Dec. 13, 2010. Photographer: Dale de la Rey/Bloomberg&lt;/p&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Surging office &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=MIOBRNT:IND&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;rents&lt;/a&gt; in Hong Kong are prompting firms including &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=ALV:GR&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Allianz Global Investors&lt;/a&gt; to shift out of the city’s most expensive towers as competition for prime space heats up along with the region’s growth.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Prime office rents in the Central business district soared 34 percent in the six months ended September from a year earlier, the biggest gain worldwide, according to property broker &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=CBG:US&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;CB Richard Ellis Group Inc.&lt;/a&gt; Office rents in the area may climb as much as 30 percent next year, said Gavin Morgan, head of markets at &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=JLL:US&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Jones Lang LaSalle Inc.&lt;/a&gt;&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Top-tier buildings such as &lt;a href=&quot;http://www.cheungkongcenter.com/&quot; title=&quot;Open Web Site&quot; rel=&quot;external&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Cheung Kong Center&lt;/a&gt; and&lt;a href=&quot;http://www.ifc.com.hk/&quot; title=&quot;Open Web Site&quot; rel=&quot;external&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;International Finance Centre&lt;/a&gt; have raised rents as banks including &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=5:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;HSBC Holdings Plc&lt;/a&gt; and Barclays Plc expand after the financial crisis. The city now has the world’s most expensive occupancy costs after London’s West End.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Tenants in Central “are reassessing whether it’s still within their budget to stay in the district,” said&lt;span class=&quot;Apple-style-span&quot; &gt; &lt;a href=&quot;http://search.bloomberg.com/search?q=Simon%20Lo&amp;amp;site=wnews&amp;amp;client=wnews&amp;amp;proxystylesheet=wnews&amp;amp;output=xml_no_dtd&amp;amp;ie=UTF-8&amp;amp;oe=UTF-8&amp;amp;filter=p&amp;amp;getfields=wnnis&amp;amp;sort=date:D:S:d1&amp;amp;partialfields=-wnnis:NOAVSYND&amp;amp;lr=-lang_ja&quot; title=&quot;Search News&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; text-decoration: none; background-repeat: no-repeat no-repeat; &quot;&gt;Simon Lo&lt;/a&gt;, Hong Kong-based director of research and advisory at &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=COL:LN&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; text-decoration: none; background-repeat: no-repeat no-repeat; &quot;&gt;Colliers International&lt;/a&gt;.&lt;/span&gt;&lt;span class=&quot;Apple-style-span&quot; &gt; &lt;/span&gt;Some tenants such as professional services or consulting firms “have a much lower threshold for rents,” he said.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Cheung Kong Center, the 12-year-old office building owned by &lt;a href=&quot;http://search.bloomberg.com/search?q=Li%20Ka-shing&amp;amp;site=wnews&amp;amp;client=wnews&amp;amp;proxystylesheet=wnews&amp;amp;output=xml_no_dtd&amp;amp;ie=UTF-8&amp;amp;oe=UTF-8&amp;amp;filter=p&amp;amp;getfields=wnnis&amp;amp;sort=date:D:S:d1&amp;amp;partialfields=-wnnis:NOAVSYND&amp;amp;lr=-lang_ja&quot; title=&quot;Search News&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Li Ka-shing&lt;/a&gt;, Hong Kong’s richest man, may see as many as five tenants move out by the end of 2011, according to people with knowledge of the matter.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;The IFC towers I and II, both owned by &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=16:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Sun Hung Kai Properties Ltd.&lt;/a&gt; and &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=12:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Henderson Land Development Co.&lt;/a&gt;, are seeing at least three tenants depart this year and next.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;&lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=HKL:SP&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Hongkong Land Holdings Ltd.&lt;/a&gt;’s Exchange Square complex will lose another tenant to Sun Hung Kai’s International Commerce Centre in West Kowloon, across Victoria Harbour, following moves by Morgan Stanley and Credit Suisse Group AG.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Allianz, McKinsey&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Allianz Global, the investment unit of &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=ALV:GR&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Allianz SE&lt;/a&gt;, Europe’s largest insurer, which occupies about 20,500 square feet in Cheung Kong Center, will shift to nearby Citibank Plaza, according to three people with knowledge of the matter. McKinsey &amp;amp; Co. is also looking at moving, according to two people.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Patience Chan, a spokeswoman for Allianz in Hong Kong, declined to comment, as did Glenn Leibowitz, a Shanghai-based McKinsey spokesman. &lt;a href=&quot;http://search.bloomberg.com/search?q=Laura%20Cheung&amp;amp;site=wnews&amp;amp;client=wnews&amp;amp;proxystylesheet=wnews&amp;amp;output=xml_no_dtd&amp;amp;ie=UTF-8&amp;amp;oe=UTF-8&amp;amp;filter=p&amp;amp;getfields=wnnis&amp;amp;sort=date:D:S:d1&amp;amp;partialfields=-wnnis:NOAVSYND&amp;amp;lr=-lang_ja&quot; title=&quot;Search News&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Laura Cheung&lt;/a&gt;, a spokeswoman for&lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=13:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Hutchison Whampoa Ltd.&lt;/a&gt;, which owns and operates Cheung Kong Center, declined to comment on its tenants. &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=13:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Hutchison&lt;/a&gt; is 49.9 percent- owned by Li’s developer &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=1:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Cheung Kong (Holdings) Ltd&lt;/a&gt;.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;PricewaterhouseCoopers LLP, whose current lease for its 85,000 square feet of space expires in November 2011, is in discussion with Cheung Kong Center’s building management about a possible renewal, Joanne Oswin, a Hong Kong-based operation partner at the accounting firm, said in an interview.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Cheung Kong Center&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Even with such departures, Cheung Kong Center won’t have problems attracting new tenants, said &lt;a href=&quot;http://search.bloomberg.com/search?q=John%20Siu&amp;amp;site=wnews&amp;amp;client=wnews&amp;amp;proxystylesheet=wnews&amp;amp;output=xml_no_dtd&amp;amp;ie=UTF-8&amp;amp;oe=UTF-8&amp;amp;filter=p&amp;amp;getfields=wnnis&amp;amp;sort=date:D:S:d1&amp;amp;partialfields=-wnnis:NOAVSYND&amp;amp;lr=-lang_ja&quot; title=&quot;Search News&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; text-decoration: none; background-repeat: no-repeat no-repeat; &quot;&gt;&lt;span class=&quot;Apple-style-span&quot; &gt;John Siu&lt;/span&gt;&lt;/a&gt;&lt;span class=&quot;Apple-style-span&quot; &gt;, general manager for southern China at real estate services firm Cushman &amp;amp; Wakefield Ltd&lt;/span&gt;. in Hong Kong. Barclays, the U.K.’s third-largest bank, moved into the building earlier this year.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;“It is one of the few top-tier office buildings in Hong Kong and many companies believe that being there gives you a sense of prestige and market influence,” said Siu.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Cheung Kong Center, built on the site of the former Hilton hotel, charges its new tenants between HK$140 ($18) and HK$150 a square foot per month on average, according to Seattle-based Colliers and Cushman &amp;amp; Wakefield of New York. The average rent in &lt;span class=&quot;Apple-style-span&quot; &gt;Citibank Plaza, owned by &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=2778:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; text-decoration: none; background-repeat: no-repeat no-repeat; &quot;&gt;Champion REIT&lt;/a&gt;,&lt;/span&gt; is HK$110 per square foot and in &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=19:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Swire Pacific Ltd.&lt;/a&gt;’s Pacific Place in Admiralty district from HK$95 to HK$100, according to Colliers.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;“We’re seeing a change in the profile of tenants in Central’s top office buildings,” said Jones Lang LaSalle’s Morgan, who is based in Hong Kong. “Many of the support departments in the big banks or professional firms providing these services to them are moving their operations away to non- core districts.”&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Citic Tower&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Accounting firm Ernst &amp;amp; Young LLP is moving its entire local operation, now in IFC II and Li’s Hutchison House, to Citic Tower in Admiralty, adjacent to Central, next year, according to spokeswoman &lt;a href=&quot;http://search.bloomberg.com/search?q=Queenie%20Yuen&amp;amp;site=wnews&amp;amp;client=wnews&amp;amp;proxystylesheet=wnews&amp;amp;output=xml_no_dtd&amp;amp;ie=UTF-8&amp;amp;oe=UTF-8&amp;amp;filter=p&amp;amp;getfields=wnnis&amp;amp;sort=date:D:S:d1&amp;amp;partialfields=-wnnis:NOAVSYND&amp;amp;lr=-lang_ja&quot; title=&quot;Search News&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Queenie Yuen&lt;/a&gt;. The firm has agreed to take up nine floors at the tower, owned and run by &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=267:HK&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Citic Pacific Ltd.&lt;/a&gt;, an arm of China’s biggest state-owned investment company.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;&lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=INGA:NA&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;ING Groep NV&lt;/a&gt;, the biggest Dutch financial-services company, in October moved its investment management and insurance units to the ICC from IFC I, said spokeswoman Jessie Hsieh. London Stock Exchange Group Plc in July moved its Hong Kong office from IFC II to ICC.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Rents in IFC II, Hong Kong’s second-tallest skyscraper after the ICC, and IFC I, are about HK$140 per square foot, according to&lt;span class=&quot;Apple-style-span&quot; &gt; Chicago-based Jones Lang LaSalle, the second- largest publicly traded commercial property broker&lt;/span&gt;. Rents at ICC are about HK$55 and may rise as much as 30 percent over the next two years, according to property consultant Knight Frank LLP.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Moving Out&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;&lt;a href=&quot;http://www.simmons-simmons.com/&quot; title=&quot;Open Web Site&quot; rel=&quot;external&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Simmons &amp;amp; Simmons&lt;/a&gt;, a London-based law firm, will move out of its 21,000 square-foot space on the 35th floor of Cheung Kong Center in May for Pacific Place, Paul Li, Simmons &amp;amp; Simmons’s China head, said in a phone interview.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Deutsche Bank AG will complete its relocation to the ICC from Cheung Kong Center this year, said Singapore-based spokesman Mark Bennewith. Bloomberg LP, the parent company of Bloomberg News, is a tenant in Cheung Kong Center.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;“The reason why we haven’t heard new tenants moving in yet is because some of the ones that are moving out still have a few months to a year in their contract and landlords won’t normally need to rush to sign up new tenants,” said Cushman &amp;amp; Wakefield’s Siu.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;That space will probably be filled by separate small offices of hedge funds or investment banks, he said.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Gateway to China&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;&lt;span class=&quot;Apple-style-span&quot; &gt;Occupancy costs, which include rent, taxes and service fees, were $184.21 a square foot a year in Central, compared with $193.69 in London’s West End,&lt;/span&gt; according to a report from Los Angeles-based CB Richard Ellis, the world’s largest commercial property broker.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Hong Kong’s government raised this year’s growth forecast to 6.5 percent as the city, a gateway to China, benefits from growth on the mainland.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;The jobless rate fell to 4.2 percent for the three months ended Oct. 31, the lowest level in 20 months. &lt;span class=&quot;Apple-style-span&quot; &gt;The city’s number of financial professionals rose to a record 37,694 by July, eclipsing the previous high reached in November 2008, the Securities and Futures Commission said in August.&lt;/span&gt;&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;PwC, which also has offices at the Edinburgh Tower and Prince’s Building in Central, leased about 100,000 square feet of office space in 2008 at the Manulife Financial Centre in the Kowloon East district. Rents in that district, a 30-minute subway ride from Central, are currently between HK$20 and HK$30 a square foot, said Colliers’ Lo.&lt;/p&gt;&lt;p style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 17px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Georgia, &#39;Times New Roman&#39;, Times, serif; line-height: 1.6em; font-weight: normal; background-position: initial initial; background-repeat: initial initial; &quot;&gt;Professional services’ firms “are going to be reviewing their cost base as a result of rising rents in Central,” said &lt;a href=&quot;http://search.bloomberg.com/search?q=Rhodri%20James&amp;amp;site=wnews&amp;amp;client=wnews&amp;amp;proxystylesheet=wnews&amp;amp;output=xml_no_dtd&amp;amp;ie=UTF-8&amp;amp;oe=UTF-8&amp;amp;filter=p&amp;amp;getfields=wnnis&amp;amp;sort=date:D:S:d1&amp;amp;partialfields=-wnnis:NOAVSYND&amp;amp;lr=-lang_ja&quot; title=&quot;Search News&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;Rhodri James&lt;/a&gt;, Hong Kong-based executive director of office services at &lt;a href=&quot;http://www.bloomberg.com/apps/quote?ticker=CBG:US&quot; class=&quot;web_ticker&quot; title=&quot;Get Quote&quot; style=&quot;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 51, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; &quot;&gt;CB Richard Ellis&lt;/a&gt;. “Some of them will be moving all or part of their operations to more cost-efficient buildings outside the area.”&lt;/p&gt;&lt;/div&gt;&lt;/span&gt;</description><link>http://daisyhwku.blogspot.com/2010/12/soaring-office-rents-in-hong-kong.html</link><author>noreply@blogger.com (Unknown)</author><thr:total>0</thr:total></item></channel></rss>