2. Cross talk “Wishes From All Over China” (A group of performers)
3. The issue has also hit Beijing’s efforts to secure market economy status in the WTO, which it claims it will be entitled to automatically on December’s 15th anniversary of it joining. If China obtains that status it could affect the ability of the US and others to bring anti-dumping cases, as it would remove their ability to use prices in third countries for comparison.
4. Despite Sotheby’s branding the two-part auction as “The Bernheimer Collection,” his stock proved a hard sell. Only 22 out of the 42 lots at the Nov. 24 evening sale found buyers, with a top price of 197,000 with fees for the 1732 Nicolas Lancret painting, “Le Menuet” — a frothy “fête champêtre” scene with childlike dancers — that had been purchased for $744,000 at auction in 2005.
5. The first is the establishment of the Aero Engine Corp. of China (AECC) last year, which consolidates Chinese aero-engine know-how and capabilities, indicating that the indigenous development of aircraft engines is now a strategic priority for China. This focus is even more striking when one realizes that China now has access to rhenium, a rare metal that helps create strong superalloys necessary for the manufacture of high-pressure jet engine turbine blades. Since the 2010 discovery in the Shaanxi province of reserves, which account for 7% of the world’s total, considerable effort has been made to exploit and process this metal. Moreover, a major technological milestone was recently achieved that opens the door for mass production of single-crystal turbine blades, a key component of modern jet engines. It is thus no surprise that one of the cornerstones of the newly established joint Sino-Russian widebody aircraft program is the development of a dedicated, state-of-the-art engine.