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Archive for 18. März 2017

Another Strange French Disaster

Posted by hkarner - 18. März 2017

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Lessons From an Age of Progress

Posted by hkarner - 18. März 2017

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The great Chinese inequality turnaround

Posted by hkarner - 18. März 2017

Ravi Kanbur, Yue Wang, Xiaobo Zhang

T. H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, Professor of Economics at Cornell University and CEPR Research Fellow

PhD student in Economics, Cornell University

Distinguished Chair Professor of Economics, National School of Development, Peking University; Senior Research Fellow, International Food Policy Research Institute

15 March 2017, voxeu

Alongside the spectacular growth and extraordinary reductions in poverty – perhaps the most dramatic in human history – the evolution of Chinese income inequality since the start of the reform process in 1978 has been a focus of interest among analysts and policymakers. Sharply increasing inequality became an integral part of the narrative on Chinese development, with some commentators arguing that this was the inevitable price to be paid for the high rates of growth, while others warned of the social consequences of these growing gaps. Den Rest des Beitrags lesen »

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Elon Musk supercharges progress on energy storage

Posted by hkarner - 18. März 2017

Date: 16-03-2017
Source: The Economist

Australia attempts to stop blackouts using batteries

HOW much power does a tweetstorm involving two tech tycoons, the prime minister of Australia and 8.5m Twitter followers generate? Enough, at least, to supercharge a debate about the future role of batteries in the world’s energy mix.

Elon Musk, a Silicon Valley entrepreneur (pictured), may be best known for his gravity-defying ambition, but his core product is the battery: whether for his Tesla cars, for the home or for grid-scale electricity storage. He gave the last of these an unexpected jolt of publicity on March 10th, by responding to a blackout-inspired challenge on Twitter from an Australian software billionaire, Mike Cannon-Brookes. Mr Musk said he could install 100 megawatt hours (MWh) of battery storage in the state of South Australia in 100 days to help solve an energy crisis it faces, or it would be free of charge. “That serious enough for you?” he asked.

In response, Malcolm Turnbull, the prime minister, communicated with Mr Musk and appeared to turn from pro-coal sceptic into battery believer. On March 14th Jay Weatherill, the premier of South Australia, went further. Declaring that the national electricity market was “broken”, he said the state would launch its own A$550m ($415m) plan to build a 100MW battery system, as well as a gas-fired power station, with public funds. Mr Musk may have got what he wanted. He is “good at bringing nerdy subjects to a broad audience”, says Julia Attwood of Bloomberg New Energy Finance. Den Rest des Beitrags lesen »

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Chinese pharma firms target the global market

Posted by hkarner - 18. März 2017

Date: 16-03-2017
Source: The Economist

A new Chinese drug for colorectal cancer could mark an important milestone

The way things were

WALK into the Shanghai laboratories of Chi-Med, a biotech firm, and you encounter the sort of shiny, cutting-edge facilities common in any major pharma company in America, Europe or Japan. Chi-Med has just had positive results in a late-stage trial of its drug for colorectal cancer, which is called Fruquintinib. If the drug is approved both in China and in Western markets it could be the very first prescription drug to be designed and developed entirely in China that will be on a path to global commercialisation.

Given China’s ageing population, higher incomes and rising demand for health care it is clear why innovation in drugs is a priority for the country. Its national market for drugs has grown rapidly in recent years to become the world’s second-largest. It could grow from $108bn in 2015 to around $167bn by 2020, according to an estimate from America’s Department of Commerce. By comparison, America spends about $400bn a year on drugs. Den Rest des Beitrags lesen »

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