Dinny McMahon, 打造中国版 '通用电气' 困难重重. 华尔街日报, Dec 3, 2014
cn.wsj.com/gb/20141203/biz154705.asp
, which is translated from
Dinny McMahon, The Troubles With Building ‘China’s GE;’ After creating world’s biggest press forge, state-run sinomach lacks customers; Long lunch breaks/ Wall Street Journal, Dec 3, 2014
online.wsj.com/articles/the-troubles-with-building-chinas-ge-1417566236
Note:
(a) Deyang 四川省 德阳市
(b) "The mammoth closed-die hydraulic press forge—which went into operation last year—is the largest in the world. It makes highly resilient components—such as aircraft landing gear—from titanium and metal alloys that are pressed into shape by its 80,000 tons of force."
forging
en.wikipedia.org/wiki/Forging
(section 1 History; Forging can produce a piece that is stronger than an equivalent cast or machined part; section 3.2 Drop forging: open-die and closed-die; section 3.3 Press forging)
(c) "Sinomach, a company controlled by Beijing and instrumental in everything from China’s military build-up to its space ambitions, runs the forge. * * * At the end of 2013, China had about 155,000 firms owned by central, provincial and local governments , according to the Ministry of Finance. Beijing itself directly controls less than 120 of the biggest and most strategically significant industrial companies * * * Formally China National Machinery Industry Corp 中国机械工业集团有限公司, Sinomach already has 40 units that make up a grab bag of Beijing’s strategic interests."
(i) grab bag
www.merriam-webster.com/dictionary/grab+bag
(ii) The Wednesday Grab Bag Is Here * * * RiverLink, undated.
riverlink.org/the-wednesday-grab-bag-is-here/
(a sketch below the title)
(d) "Last year, the Chinese government bailed out the forge’s parent company, called Erzhong Group [中国第二重型机械集团公司(简称:中国二重)], by folding it into Sinomach. The new company will 'become China’s GE, Mitsubishi and Alstom,' Sinomach’s internal, Communist Party-controlled newspaper said."
(e) "The main entrance, a grand sandstone affair, has yet to be connected by road to the rest of the facility."
affair (n): "[WITH ADJECTIVE] informal An object of a particular type <her dress was a black low-cut affair>"
www.oxforddictionaries.com/us/definition/american_english/affair
(f) "At noon workers headed home on their bicycles, followed 15 minutes later by people in cars, for their two-and-half-hour lunch break. Despite China having passed through more than three decades of reform, Sinomach’s Erzhong unit—set up by China’s Red Army in 1958—still adheres to many of the traditional customs of the country’s major state-owned firms. It still pays retirees a living stipend, and runs a sports center with two swimming pools and a television station. * * * Party members account for more than 60% of the unit’s 13,000-person work force. * * * Some retirees * * * grumble that Erzhong’s financial problems mean they no longer get bonuses at Chinese New Year. But for employees, so far there haven’t been job losses, and layoffs seem unlikely.
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