Tag Archives: China

China Just Took the Title of “World’s Largest Middle Class” from the United States

chinese middle class feat

For the first time ever, the Chinese middle class is larger than its American counterpart. According to a report published by Credit Suisse on Tuesday, there are now 109 million middle-class adults in China, compared to just 92 million in the United States. Of course, it’s important to put these numbers into perspective. First off, Credit Suisse defines “middle class” on a country-by-country basis. In China, an individual must make at least US$28,000/year to be considered middle class; in the United States,

Raw Video: Massive Explosions Rock Tianjin, China After “Dangerous Goods” Catch Fire


At least 50 people are dead and hundreds more are injured after a string of powerful explosions at an industrial port in Tianjin, a city of 7 million in northern China. Just before midnight local time, a shipment of “dangerous goods” being stored in a warehouse at the port caught fire, causing two massive explosions that spewed flames, ash and debris thousands of feet up into the air. According to the China Earthquake Networks Centre, the strength of the first blast was

Expect the Return of $2 Gas As A Result of the Iran Nuclear Deal

2 dollar gas

For the past 20 years, Iran has been unable to sell oil to the United States as a result of U.S. sanctions stemming from Iran’s nuclear program. A number of other major Western countries have joined the oil embargo over the past 5 years, forcing Iran to sell the majority of its oil to countries like China, India and Turkey. But now that a nuclear agreement has been reached and sanctions are set to be lifted, Iranian oil will soon be flowing back to the West

6 Numbers to Help You Understand the Craziness of China’s Stock Market Crash

china stock market

The Chinese stock market has been doing some pretty crazy things over the past month — here’s a few figures to help you make sense of it all… $3 trillion: China’s stock market has lost $3 trillion of its value over the past three weeks. That’s more than France’s total economic output for 2014. 1,473: A total of 1,473 companies have suspended trading on the Shanghai and Shenzhen composites, the two main exchanges that make up China’s stock market. Those 1,473 companies represent 51% of all the stock available

The Nepal Earthquake Was So Powerful That It Actually Shifted Mount Everest

everest shift

On April 25, an extremely violent magnitude-7.8 earthquake struck Nepal, claiming the lives of more than 8,000 people. The quake was so strong that it shifted Mount Everest — the highest peak in the world — by roughly 3 centimeters (roughly 1.2 inches). It did not, however, affect the height of the mountain, which still stands at 29,029 feet (8,848m). The findings were revealed on Monday (6/16) by officials from China’s National Administration of Surveying, Mapping and Geoinformation (NASMG). According to Chinese state media, the

The New Apollo Program: Raising $150 Billion to Make Clean Energy Cheaper Than Coal

apollo climate program

On May 25, 1961, in front of a special joint Congress in Washington, President John F. Kennedy announced the daring and ambitious goal of sending a man to the Moon: “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth,” Kennedy said. “No single space project in this period will be more impressive to mankind, or more important in the

Chinese Construction Workers Uncover Dozens of Dinosaur Eggs

dino eggs

The city of Heyuan in the southern Chinese province of Guangdong has quite the collection of dinosaur eggs. Dubbed the “Home of Dinosaurs,” Heyuan earned a Guinness World Record in 2004 for having the world’s largest collection of dinosaur eggs. That collection just got a bit larger, after construction workers doing road repairs stumbled upon a cache of 43 fossilized dinosaur eggs on Sunday. The eggs were discovered right in the heart of downtown Heyuan. According to Huang Zhiqing, deputy director of the Heyuan

Chinese Firm Breaks World Record, Selling 2 Million Cell Phones in 12 Hours


Xiaomi is the biggest mobile phone company that you’ve probably never heard. In just five years, the Beijing-based company has become one of the world’s most popular cell phone brands, rivaling giants like Apple and Samsung. Earlier this week, Xiaomi set yet another milestone by breaking the world record for most mobile phones sold through a single online platform in a day. During its “Mi Fan Fest” promotion, Xiaomi sold a staggering 2.1 million phones from its website in a period of just

U.S. Factory Workers Make 76 Times More Per Hour Than Workers In Indonesia

indonesia factory

Indonesia has enjoyed an extended period of economic growth for the past decade and a half, with GDP rising more than 800% between 1998 and 2013. The country’s industrial sector has been the main driver behind this growth. Despite being hit hard by the Asian Financial Crisis in 1998, manufacturing still brings in more foreign direct investment than any other sub-sector of the Indonesian economy. When you examine the extraordinarily low wages of Indonesian factory workers, you begin to understand why. Currently, the

Chinese Scientists Just Built the World’s First Hydrogen-Powered Tram (Video)


Last week, the world’s first hydrogen-powered tram rolled off the production line in Qingdao, a city on the eastern coast of China. The tram was designed by a team of local scientists and engineers and manufactured by the Sifang Company, a subsidiary of the China South Rail Corporation. According to Science Alert, “Its only emission is water – the temperature inside the fuel cell will be controlled to stop any nitrogen oxides from forming – so it’s doing zero damage to

« Older Entries