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Antique Tractor Calendar 2024
Are you ready to start planning for the 2024 Antique Tractor shows, drives and farm toy shows?  If so, here is my 2024 Antique Tractor Calendar. It’s time to start making reservations and marking the calendar for antique tractor fun in the New Year!  Here are my favorites, shows, or those mentioned by friends and family that they love! Note as always, before hitting the road, for events listed…
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jacobsynande-blog · 5 years
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Study in Ireland
Ireland could be a dynamic and trendy country that has attracted an oversized range of international students for hundreds of years. The tradition of exploring and impartation information round the world is sustained since the Middle Ages of the seventh century in eire. continued that proud and tradition nowadays, eire has become a beacon of learning and information round the world at intervals the past six decades. If you're thinking to review in eire, you may prefer to get a satisfactory answer to your question, what's vital regarding learning in eire? this text throws light-weight on the explanations why you must value more highly to study in Ireland.
A friendly Associate in Nursingd Safe Environment: no one will survive in an unfriendly atmosphere, especially, in abroad. Thankfully, locals of eire ar thus friendly that they create alternatives want well-known to every other since years. In 2013, Irish scored the second highest within the OECD for voters volunteering time, giving cash and serving to a unknown. the Irish ar continuously happy with their lives and earnings that build it against the law free country. that is why overseas students get a lot of out of nation expertise.
English Speaking Country: individuals feel snug in speaking, listening, reading and writing as a result of English has become a global language of communication nowadays. Study in Ireland  it's spoken at a helpful level by some one.75 billion individuals worldwide. though eire has its own language and cultural identity, English is second and therefore the most generally spoken communication during this country. this can be the rationale why such a lot of transnational businesses ar situated in eire.
Extensive alternative of Courses: Ireland's academic institutes provide over five,000 courses across the vary of medical, science, technology, engineering, law, business and loads a lot of. Degrees ar accessible at standard and therefore the Bachelors, Master and doctor's degree levels and you'll conjointly select college boy and postgraduate diplomas over a full vary of disciplines.
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Globally Recognized Qualifications: eire is one among the top-twenty overseas education destinations. so as to keep up the standard of education, Quality and Qualification eire has developed a 10-level National Framework of Qualifications (NFQ) system. This framework permits comparison completely different|of various} qualifications from different education establishments and ensures their recognition - each in eire and overseas.
Ireland and Technology: eire includes a Brobdingnagian digital sphere wherever the uppermost corporations like eBay, Twitter, Yahoo, Facebook, Google, etc., have created a presence.
Global Business Hub: the Irish have created inventions that have modified the globe. a number of the uppermost inventions ar photography, submarines, rubber shoe soles, the craft ejection seat, milk, trendy tractor and loads a lot of. eire nowadays is full with young  energy that's a lot of Innovative and it's given rise to several international corporations like Google, HP, Apple, IBM, Facebook, LinkedIn, Twitter, Pfizer, GSK and Genzym within the country.
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bananaipindia · 5 years
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Pharmaceutical Companies Discuss Antitrust Probe with US; CCI's Investigation into Bearings Manufacturers, European Union Leads Global Antitrust Influence and more.
New Post has been published on https://www.bananaip.com/ip-news-center/pharmaceutical-companies-discuss-antitrust-probe-with-us-ccis-investigation-into-bearings-manufacturers-european-union-leads-global-antitrust-influence-and-more/
Pharmaceutical Companies Discuss Antitrust Probe with US; CCI's Investigation into Bearings Manufacturers, European Union Leads Global Antitrust Influence and more.
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Israeli Start-Up Boosted by Investment of USD 109 Million; Pharmaceutical Companies Discuss Antitrust Probe with US; US Lawmakers Looking to Consider Privacy Lapses in Antitrust Cases; German Cartel Office Fines Carmakers Over Antitrust Practices; CCI’s Investigates Price Collusion by Bearings Manufacturers in India; European Union Leads the Way in Global Antitrust Influence and more.
Israeli Start-Up Boosted by Investment of USD 109 Million
Israeli start-up Vayyar, which builds radar-imaging chips and sensors and associated software that effectively detect and track images from their surrounding while maintaining the privacy of individuals being tracked, has received a Series D investment of a total of USD 109 million. Vayyar’s “4D” technology uses software to interpret images captured by the sensors to provide accurate information about what is occurring at a particular place, even behind a wall or another object, but without the “granular detail” that would actually be able to identify an individual.
The round of investment was done at a valuation over USD 600 million, and the company plans to use the funds to establish itself in markets like the US and China, and to expand the range of applications it can cater to, which currently primarily pertain to automobiles and Internet of Things. Vayyar already has a number of big customers for its technology, including automotive supplier Valeo and another major Silicon Valley company involved in the smart home business.
Vayyar’s technology is a unique and refreshing nexus of the contradicting advances, on the one hand, in the need for data, as technology, especially artificial intelligence, becomes more pervasive in nearly every aspect of our lives, and, on the other hand, in the concerns surrounding data privacy as we realise just how much of our data is currently being collected and used.
Pharmaceutical Companies Discuss Antitrust Probe with US
Several pharmaceutical companies, including Israeli-American company Teva Pharmaceuticals and Indian company Sun Pharmaceuticals, have been in talks with the US Department of Justice (DOJ), trying to seek an amicable resolution to long-running criminal antitrust investigations into these companies. The DOJ is holding talks with each company separately, and the failure of any one or more of these individual negotiations could cause the talks as a whole to collapse. The investigations pertain to allegations that pharmaceutical companies involved in the manufacture of generic drugs colluded to raise prices, over the last five years, of some widely-used drugs, essentially forming a “cartel”. Lawmakers claim that, given the widespread use of generic drugs, such increases in prices have cost federal health programs billions of dollars.
This case has left the US government in a Catch-22. While one of the aims of the Trump administration is to lower drug prices and make them as affordable as possible, a criminal conviction of major pharmaceutical companies would render them ineligible to do business in relation to federal health programs. This would drive up costs by reducing options of government drug purchasers, effectively limiting competition. Thus, a deferred prosecution agreement resulting from these talks would be an attractive option for both sides. In such an agreement, the companies would admit to certain wrongdoing, but would not be indicted and would only have to pay fines. By escaping a criminal conviction, the companies would be able to continue doing business with the government.
US Lawmakers Looking to Consider Privacy Lapses in Antitrust Cases
Companies like Facebook and Google, whose primary products and services are essentially free, have long been a quandary for antitrust authorities. In the US, to show that a practice is anti-competitive, a consequent harm to the consumer must be established. The traditional focus of the application of antitrust law has been on price as the determinant of this harm, which is a problem when products and services are free. Now, however, with increasing antitrust investigations by the US Department of Justice (DOJ), Federal Trade Commission (FTC), Congress and the states, academics and some regulators are stressing the need to look beyond price when it comes to the establishment of harm to the consumer, and consider privacy lapses as a proxy for anti-competitive behaviour.
The rationale behind this line of reasoning is that monopolists stop innovating and let the quality of products drop knowing that consumers have no alternatives to their products or services. Privacy lapses can be considered as a sign of such slip in quality, and this harm to the consumer can be considered in the context of antitrust law. Up till now, privacy and competition were treated as independent issues, and while Google and Facebook have been found liable for privacy breaches and violations, they have faced little antitrust action.
However, lawmakers like Senator Josh Hawley and U.S. Representative David Cicilline are seeking to change this, and several state attorney generals are exploring similar ideas. Conflating privacy lapses with antitrust law could open a whole new range of issues that antitrust enforcers could look into, including Facebook’s past acquisitions and Google’s conduct in the digital advertising market. However, not all legal experts agree that this idea is sound in law. Non-US jurisdictions have attempted to address the two together, with mixed results, including a German appeal in a Facebook case which is currently pending. It will be interesting to note how the US courts approach this interpretation of antitrust law.
German Cartel Office Fines Carmakers Over Antitrust Practices
German automobile companies BMW, Daimler, and Volkswagen have been fined a total of Euro (USD 111 m) by Germany’s cartel office, the Bundeskartellamt, for engaging in anti-competitive practices. The case pertained to the companies’ purchase of engineered long-steel products, which are related to steering rods, gear wheels, crankshafts, camshafts, and connecting rods. The Bundeskartellamt found that representatives of the three companies met with steel manufacturers, forging companies, and large systems suppliers twice a year between 2004 and 2013 to discuss uniform surcharges for long-steel products.
It was held that since the surcharges were not individually negotiated with the suppliers, price competition between the companies on these price components was eliminated. The companies accepted the penalties and reaffirmed their commitment toward their adherence to antitrust regulations. However, Volkswagen and Daimler stressed that this case was not one of “classic cartel infringements” and was a “borderline case under antitrust law”.
CCI’s Investigates Price Collusion by Bearings Manufacturers in India
The Competition Commission of India (CCI) has found that units of Tata Steel, National Engineering Industries, Sweden’s AB SKF, and Germany’s Schaeffler AG colluded on the pricing of bearings from 2009 to 2014 to pass higher costs of raw materials onto customers in the automobile sector. These four companies, all involved in the manufacture of bearings, which remove friction in moving parts, shared strategic information regarding future efforts to seek price increases from companies in the automobile industry, ensuring that price increases were coordinated amongst these competitors.
The investigations arm of the CCI analysed company emails, call records, and executive testimonies and concluded that these four firms, which controlled almost 75 per cent of the domestic bearings market from 2009 to 2011, agreed, through personal meetings of key persons, to seek price increases of 12 per cent, and eventually settle upon 6 per cent, in negotiations with tractor and automotive manufacturers. The CCI is empowered to fine companies up to three times the profit made by the companies in each year of wrongdoing or 10% of revenue, whichever is higher. Currently, the CCI’s investigations arm has drafted a report on its findings, and senior CCI officials are reviewing the same.
European Union Leads the Way in Global Antitrust Influence
Despite the fact that modern antitrust laws are essentially an American invention, it is the European Union that is currently leading the way in competition regulation. While the US has launched several antitrust investigations against technology giants like Facebook, Apple, Alphabet, and Amazon, it is the EU that is effectively keeping these American companies, among others, in check with its vigorous enforcement of antitrust laws. For instance, the EU, in just the last two years, has fined Google almost USD 10 billion in antitrust penalties. Moreover, the EU has become the global authority on antitrust legislation and enforcement.
A new study published in the Journal of Empirical Legal Studies analysed antitrust statutes of 125 countries and compared them to US and EU antitrust law. The study considered similarities in two aspects, firstly, linguistic similarities, looking at whether key pieces of language were lifted from US or EU legislation, and secondly, substantive similarities, examining whether provisions effectively mirrored more closely the provisions of US or EU antitrust laws. On both these counts, the study found that countries, despite vast geographical, linguistic, and cultural differences, overwhelmingly adopted antitrust legislation which mirrored that of the EU. Significantly, important regional leaders in antitrust law and major emerging markets like Brazil, China, India, Mexico, Russia, South Africa, and South Korea have implemented laws that were considerably more similar to laws in the EU than in the US.
While this declining American influence is surprising, it is a result of sustained European efforts. The EU has sought to promote and spread its regulatory model across the globe through trade agreements, by making other countries’ access to its consumer market, consisting of over 500 million consumers, contingent on the adoption of a minimum standard of antitrust law. Moreover, owing to cultural and linguistic diversity within the EU, its laws are available in languages like French, Spanish, and Portuguese, essentially offering a ready regulatory template for countries in Africa and Latin America. The US has not benefitted from the Trump administration’s increasing disposition to turn its back on global trade deals and regulatory cooperation, and the EU has shown willingness to step up and take its place.
  Authored and compiled by  Param Gupta 
The IP, Privacy and Antitrust Law News Bulletin is brought to you by the Consulting/Strategy Division of BananaIP Counsels, a Top IP Firm in India. If you have any questions, or need any clarifications, please write to [email protected]  with the subject: IP, Privacy and Antitrust  Law News.
Disclaimer: Please note that the news bulletin has been put together from different sources, primary and secondary, and BananaIP’s reporters may not have verified all the news published in the bulletin. You may write to [email protected]  for corrections and take down.
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licencedtoretire · 7 years
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Day 5 on the Rail Trail with another gorgeous day in the high country. Having done the bike ride both ways out of Ranfurly it was time to move on to another starting point. After some debate we set off for Becks with a stop in Naesby on the way to explore this historic village. Right where we parked you could have set off a shotgun down the main street and not hit a sole it was deserted.
Also close to our parking spot was the gate with the Fantails crafted into it, a very special gate that I am sure the owners must be happy with.
As we wandered around the village it was like we had stepped back in time with historic buildings everywhere at the far end of town. I believe that most of these are associated with the museum that was not open when we arrived even though it was well past 10am. Country Time I guess.
Like a lot of places we have visited the ownership of a lot of the older historic buildings is in private hands. We thought the stone cottage was something special with a babbling little creek running right past the house, so quaint.
With a permanent population of only around 100 Naesby relies both on the tourist/cyclist trade but also on the number of people that own holiday homes in town. A place well worth a visit.
On the main road on the way to Becks we drove past this old stone building right on the roadside, maybe an old store or similar as it looked to close to the road to be a house. Peeking through the windows it’s being restored inside. I am sure it will be wonderful once finished but it looked like a huge job.
We arrived in Becks to discover that actually its quite a distance from the Rail Trail and that the POP (#8719) alongside the local pub is actually quite close to the road. We rang Brian telling him to double back so we could all stay at the CAP (#8747) Hayes Engineering.
Now owned by Heritage New Zealand the old homestead and factory have become a museum that displays the farm as it was when the company operated from here. For those who don’t know Hayes manufactured and distributed a huge range of farm tools especially wire strainers and fencing equipment.
We had lunch in the small Cafe, just as well it was a fine day as they have no indoor seating but they do have some really yummy homemade pies. I had the Thai chicken which was just divine with Sarah having a sausage roll and Brian also a chicken pie. They also roast their own coffee on site it’s very good.
Admission into the museum is $12 per person with this fee also covering the fee for the overnight camping we thought this was good value.
The museum is spread over a number of buildings with each building representing the part it has played in the history of the company with the inside of building shown the office where samples of the product are on display along with old invoice books, typewriters, photo’s etc. One of the really interesting features of this place is that all the exhibits (if you can call them that) are open and on display so they can be touched or read as the case maybe. Totally unlike any other museum we have been to.
From the office it was outside, onto the tractor to show off my farming skills, that don’t exist and then into the workshop area.
The workshop is the original factory where all of the implements where manufactured it’s a fascinating place with all of the machines driven from a common driveshaft mounted in the rafters so depending on which piece needed to be used you could choose to power up that one whilst disconnecting the one you had been using. All the power came from their own windmill onsite or water power if the wind wasn’t blowing.
Through the back of the workshop is the Forge area, again all the tools are on display with no red tape or rope protecting the area so you can go touch as you please. Maybe theft is not an issue in parts like this but all the fruit boxes on the shelves contained items for the manufacture of items that if so inclined you could have put in your pocket or maybe with most visitors riding their bikes theft is not an issue.
With the tour completed it was time to head back to the motorhomes get out the bikes to start the days ride, but not before we had a great laugh about PC gone made with the sign about the rabbit holes. A very interesting place well worth stopping to spend some time here.
Starting the days journey at Oturehua the plan was to ride back to the highest point on the trail (619 metres above sea level) where Brian and I had ridden to yesterday then ride back to here and ride as far as we could in the other direction before returning to Hayes Engineering for the night. What you cannot see in the photos is that although it was a clear blue sky it was also blowing a gale although thankfully this was behind us for the uphill leg of the journey.
Reaching the highest point on the trail you also pass the marker telling you that you have crossed latitude 45. The Gangers hut here is called Seagull Hill I thought what a strange name but apparently they breed in the valley below. With the wind (hurricane force) blowing into our face we set off back downhill enjoying the scenery but as we reached the flat at the bottom it was hard going directly into the wind thankful for Ebikes I turned up the power put my head down slogging into it.
With Sarah deciding that the wind was to much for her Brian and I wanted to press on in the other direction with the ride towards the Ida Burn Station. With the track flattening out as it stretched out in front of us it felt like the wind was beginning to drop making the start of very pleasant riding conditions.
The Ida dam above is in winter an ice skating rink when it freezes solid. I would be tempted to come back to see this it would be so pretty. Brian and I had to laugh at the hand written sign (no photo) that tells you, you will be in big trouble if you dump rubbish.
One thing about this time of the year is that all the apples growing on the side of the trail are starting to ripen with Brian and I stopping to pick quite a number of a tree that had very tasty red ones. The apples and pears growing next to the track are apparently a result of the cores thrown out of the passenger trains as they chugged up the tracks.
It was sad to see the grave marked by the spade with no name anywhere to acknowledge who had died during what was probably a very hard physical job digging the whole track by hand.
Reaching the Ida Valley Station we noted that it was only 4 kms to the next stop at Auripo so we decided to press on, then return to the vans at Hayes Engineering. Another day another 40 plus kms on the bike.
That night we had all decided we would have dinner at the local pub in Omakau, when we arrived the place was quite crowded but with a table spare for us we sat down to have a meal. The landlord had informed us that as they were so busy the wait would be around 1 hour for the meal, soaking up the local atmosphere we decided to wait. Although I didn’t take any photos it’s a pleasant place if a little expensive for the meals.
The pub also has a park over property behind it (#8725) that backs directly onto the Rail Trail so although not as pretty as the place we stayed still a very convenient location if you are riding the trail.
I was going to publish the blog about the rail trail in 3 parts but there is so much to talk about that I believe that the last few days of the trail deserve their own blog… so to follow part 4 as we finish the trail and say goodbye to Brian
      Otago Rail Trail Part 3 Day 5 on the Rail Trail with another gorgeous day in the high country. Having done the bike ride both ways out of Ranfurly it was time to move on to another starting point.
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rollinbrigittenv8 · 7 years
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China Aviation Could Disrupt the Boeing-Airbus Duopoly
International Civil Aviation Organization posted a photo of the C919 in May 2017 to mark the aircraft's first flight. International Civil Aviation Organization
Skift Take: At the least, the new Chinese aircraft and successors could force Boeing and Airbus to make some pricing concessions, and that wouldn't be a bad thing. Competition is good, and the emergence of a new player is even better.
— Dennis Schaal
Last week, the Commercial Aviation Corp. of China Ltd. (Comac) announced that the C919, China’s first homemade large passenger jet, had chalked up its 730th pre-order. Those numbers won’t necessarily make the Boeing Co. or Airbus SE quake; Boeing estimates Chinese airlines alone will require 5,420 new single-aisle planes by 2036. Ultimately, though, they could herald the end of global aviation’s great duopoly.
Most of the C919’s orders come from state-owned Chinese companies, some of whom probably wouldn’t have placed them if given a choice. The C919 is technologically out-of-date and has been repeatedly delayed; it’s unlikely to enter commercial service before 2020.
The plane is cheap, though — reportedly 10 percent less expensive than the competition — and designed to be good enough not just for China but other emerging markets where air travel is booming and regulations are less strict than in the developed world. The hope is that cost-conscious carriers in Africa and Asia will embrace a plane that they can afford and that does most of what they need, even if its technology isn’t cutting-edge.
Chinese manufacturers have a track record of winning market share with similar products, matched to the limited means and needs of developing-world consumers. In mature economies, China’s largely known as a contractor for some of the world’s most famous brands, such as Apple Inc. Elsewhere, it’s identified more with low-cost goods targeted to poorer consumers. Those Chinese brands have been beating out more expensive competitors for years despite their poor reputation for quality.
For example, between 2012 and 2014, China’s total share of Kenya’s imports increased from 12 to 23 percent, leading to a 10 percent overall drop in the unit price of manufactured goods in the country. Meanwhile, during the first quarter of 2017, Chinese smartphones claimed 51 percent of the Indian market, besting better known but more expensive international brands such as Samsung Electronics Co. Ltd. and Apple. Many if not most of those phones wouldn’t sell in more developed markets with stricter standards and higher consumer expectations.
Chinese manufacturers have also begun to demonstrate a greater ability to innovate. For example, Sany Heavy Industry Co. Ltd., China’s largest heavy-equipment manufacturer, spent much of the last three decades making and selling low-end excavators and cement trucks in China and other developing countries. Rather than challenge international competitors like Caterpillar Inc. on the basis of quality or technology, Sany built up market share on price, local connections and cheap financing — all of which were aided by generous Chinese government subsidies.
That approach allowed Sany to grow fast, generate economies of scale and, ultimately, begin investing in R&D. Today Sany and other heavily subsidized Chinese equipment makers are narrowing the quality gap and winning customers in developed countries and among quality-conscious equipment buyers, including top mining companies.
That’s roughly the path that the Chinese government would like to see the C919 follow. Launched in 2008, the plane is part of a long-term effort to build out a Chinese aviation industry capable of competing with Airbus and Boeing. More broadly, the hope is to upgrade China’s role from manufacturer and assembler of products such as off-brand smartphones and tractors, to world-class innovator.
The stakes involved in making jets are much higher than with cement mixers and phones, of course. But Comac isn’t flying blind. The most important components in the C919, including the engines and most electronics, are made by non-Chinese companies with decades of aerospace experience. While Comac doesn’t have Boeing’s long history integrating components into a jet, the C919’s many delays suggest the company’s taking the time to learn, rather than rush. As a flagship enterprise, Comac has the luxury of time — and a very nearly blank check to keep spending until they get it right.
If Boeing and Airbus are likely to retain their preeminent positions, the developing world should provide enough demand for Comac to become a reasonable third alternative for many buyers. According to the International Air Transport Association, global air passenger growth will nearly double over the next 20 years, with the bulk coming from Asia-Pacific. China and India alone will put more than 1.1 billion new fliers into the skies. And according to Boeing, flying them around will require more than 10,000 new planes. For China, that’s the ticket to breaking into the global aerospace industry.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Adam Minter is a Bloomberg View columnist. He is the author of “Junkyard Planet: Travels in the Billion-Dollar Trash Trade.”
©2017 Bloomberg L.P.
This article was written by Adam Minter from Bloomberg and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to [email protected].
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touristguidebuzz · 7 years
Text
China Aviation Could Disrupt the Boeing-Airbus Duopoly
International Civil Aviation Organization posted a photo of the C919 in May 2017 to mark the aircraft's first flight. International Civil Aviation Organization
Skift Take: At the least, the new Chinese aircraft and successors could force Boeing and Airbus to make some pricing concessions, and that wouldn't be a bad thing. Competition is good, and the emergence of a new player is even better.
— Dennis Schaal
Last week, the Commercial Aviation Corp. of China Ltd. (Comac) announced that the C919, China’s first homemade large passenger jet, had chalked up its 730th pre-order. Those numbers won’t necessarily make the Boeing Co. or Airbus SE quake; Boeing estimates Chinese airlines alone will require 5,420 new single-aisle planes by 2036. Ultimately, though, they could herald the end of global aviation’s great duopoly.
Most of the C919’s orders come from state-owned Chinese companies, some of whom probably wouldn’t have placed them if given a choice. The C919 is technologically out-of-date and has been repeatedly delayed; it’s unlikely to enter commercial service before 2020.
The plane is cheap, though — reportedly 10 percent less expensive than the competition — and designed to be good enough not just for China but other emerging markets where air travel is booming and regulations are less strict than in the developed world. The hope is that cost-conscious carriers in Africa and Asia will embrace a plane that they can afford and that does most of what they need, even if its technology isn’t cutting-edge.
Chinese manufacturers have a track record of winning market share with similar products, matched to the limited means and needs of developing-world consumers. In mature economies, China’s largely known as a contractor for some of the world’s most famous brands, such as Apple Inc. Elsewhere, it’s identified more with low-cost goods targeted to poorer consumers. Those Chinese brands have been beating out more expensive competitors for years despite their poor reputation for quality.
For example, between 2012 and 2014, China’s total share of Kenya’s imports increased from 12 to 23 percent, leading to a 10 percent overall drop in the unit price of manufactured goods in the country. Meanwhile, during the first quarter of 2017, Chinese smartphones claimed 51 percent of the Indian market, besting better known but more expensive international brands such as Samsung Electronics Co. Ltd. and Apple. Many if not most of those phones wouldn’t sell in more developed markets with stricter standards and higher consumer expectations.
Chinese manufacturers have also begun to demonstrate a greater ability to innovate. For example, Sany Heavy Industry Co. Ltd., China’s largest heavy-equipment manufacturer, spent much of the last three decades making and selling low-end excavators and cement trucks in China and other developing countries. Rather than challenge international competitors like Caterpillar Inc. on the basis of quality or technology, Sany built up market share on price, local connections and cheap financing — all of which were aided by generous Chinese government subsidies.
That approach allowed Sany to grow fast, generate economies of scale and, ultimately, begin investing in R&D. Today Sany and other heavily subsidized Chinese equipment makers are narrowing the quality gap and winning customers in developed countries and among quality-conscious equipment buyers, including top mining companies.
That’s roughly the path that the Chinese government would like to see the C919 follow. Launched in 2008, the plane is part of a long-term effort to build out a Chinese aviation industry capable of competing with Airbus and Boeing. More broadly, the hope is to upgrade China’s role from manufacturer and assembler of products such as off-brand smartphones and tractors, to world-class innovator.
The stakes involved in making jets are much higher than with cement mixers and phones, of course. But Comac isn’t flying blind. The most important components in the C919, including the engines and most electronics, are made by non-Chinese companies with decades of aerospace experience. While Comac doesn’t have Boeing’s long history integrating components into a jet, the C919’s many delays suggest the company’s taking the time to learn, rather than rush. As a flagship enterprise, Comac has the luxury of time — and a very nearly blank check to keep spending until they get it right.
If Boeing and Airbus are likely to retain their preeminent positions, the developing world should provide enough demand for Comac to become a reasonable third alternative for many buyers. According to the International Air Transport Association, global air passenger growth will nearly double over the next 20 years, with the bulk coming from Asia-Pacific. China and India alone will put more than 1.1 billion new fliers into the skies. And according to Boeing, flying them around will require more than 10,000 new planes. For China, that’s the ticket to breaking into the global aerospace industry.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Adam Minter is a Bloomberg View columnist. He is the author of “Junkyard Planet: Travels in the Billion-Dollar Trash Trade.”
©2017 Bloomberg L.P.
This article was written by Adam Minter from Bloomberg and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to [email protected].
0 notes