Who is quietly buying all of the cheap oil?

oil tankers China

There are 89 tankers sailing for Chinese ports.

The US Shale Oil industry and Venezuala up in arms, Russia is being awkwardly quiet as the ‘secret’ Saudi-US oil deal that pressured prices for crude down to $80 has ‘hurt’ a lot of the world’s producer nations. However, China is the one country that is very grateful, Bloomberg reports.

 

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China is more eager for self-driving cars than western countries

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Chinese consumers are more interested in autonomous driving technology than anyone else.

The auto market in China is having an increasingly important effect on the bottom line for all automakers worldwide as it continues to grow. Just look at examples like General Motors’ strong recent growth or Porsche’s expanding sales. In addition to being vital for business, some industry watchers think the nation’s huge consumer force might just make it the premier place for automatic driving technology to prosper more quickly than in any other market.

 

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iPhone manufacturer Foxconn invests $811M in building electric cars in China

Foxconn

Foxconn wants to make an electric car priced less than $15,000.

Foxconn, Apple’s manufacturing partner, is notorious for its empire of iPhone-assembling employees and robots, but the electronics manufacturer is looking to shift gears, by building a dirt cheap electric car and it’s already investing $811 million to speed up the process.

 

 

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Chinese hospital introduces hands-free automatic sperm extractor

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Automatic sperm extractor.

A hospital in Nanjing, capital of Jiangsu Province, China, has introduced a new machine that makes sperm donation even easier- an automatic hands-free sperm extractor. Have scientists gone a little too far with this invention? (Video)

 

 

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‘Smart chopsticks’ let you check the safety and quality of your food

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‘Smart chopsticks’

There are risks to eating food in China, such as reused cooking oil and rusty woks that can pose a problem for your health.  In an effort to protect people from street food in China, and cash in on the recent obsession with wearable tech, Chinese internet service company Baidu have develop a pair of “smart chopsticks” that can analyze your food. Anyone who has spent time in China will realize that there plenty of people who would happily pay to improve food safety in the country.

 

 

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China to invest $16.3 B in electric cars

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Electric vehicles will yield big environmental improvements in China.

China is supposedly about to invest a hundred billion yuan (equivalent to about 16.3 billion US dollars at today’s exchange rate) into electric vehicles and the infrastructure to support them, like public charging stations, according to “two people familiar with the matter”, says Bloomberg.

 

 

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Introducing the Library Vending Machine

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Library vending machine in China.

By Zach Hyman: There seems to be sufficient demand and interest in China for enabling people to check out books 24 hours a day. The not-so-cheap library vending machines have taken root across both urban and rural areas, each with a very different set of needs and each bearing vastly different reputations for serving their citizens. (Pics)

 

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China expected to become a world leader in high speed rail while the U.S. stands by

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A maglev train at the Pudong International Airport.

High-speed rail (HSR) will connect not only cities, states and countries in the future, but also far-reaching continents. In about 15 to 20 years from now, one could travel seamlessly from London, UK to Beijing, China and even have a detour within the Gulf countries using the global high-speed rail network. In the next 15 years, while UK would have built its new HSR2 that covers 332 kilometers,  China will have completed over 25,631 kilometers of high speed track to seamlessly move people in its country.

 

 

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Chinese scientists unveil new ‘bioweapon’ to battle stench of public restrooms

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Chinese scientists say they can turn even the most putrid public lavatory into a sweet-smelling sanctuary.

Entering a public restroom in China can be a horrifying experience. In smaller cities, or the countryside, the sight of an open trench filled with excrement, coupled with a suffocating stench of sulphur and ammonia, is often enough to send even the bravest tourist whimpering back to their hotel.

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