Tuesday, Jun 12, 2007
Would you put your savings in China !!
Reuters: Two jailed after bridge built by blind man collapses
A Chinese court has jailed two officials after they let a blind contractor build a bridge which collapsed during construction and injured 12 people,
Posted by dangerous trading @ 03:39 AM (172 views) Add Comment
11 Comments
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1. japanese uncle said...
Not only Chinese but Korean bridges can collapse. Sadly this is the standard of their technology.
---------quoted from Wikipedia-------
The Seongsu Bridge is a bridge over the Han River in Seoul, South Korea. The cantilever bridge was completed in 1979 and its total length is 1160 m. It became infamous when it collapsed on October 21, 1994 .The bridge collapsed early in the morning when one of its concrete slabs fell due to a failure of the suspension structure. This structural failure was caused by improper welding of the steel trusses of the suspension structure beneath the concrete slab roadway.In the accident 32 people died and 17 were injured. Afterwards, the bridge was supposed to be repaired, but because of a weakness in the structure, it had to be completely redesigned and rebuilt. The new design was finished on 15th August, 1997, and is similar to the original design.
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Which is why I would never buy Korean durable goods like LG or Samsung. Yet, to be honest, I have also lost confidence in some of the Japanese brands like Sony. A Sony CD player and a DVD player both broke down just after one year, proving the notorious saying 'Sony Timer' which means Sony products go wrong precisely after one year of product guarantee period expires. Pathetic! And a British CEO would not help at all. German brands such as Bosch are the most trustworthy at the moment, when it comes to durables. FYI.
2. mattpascoe said...
Invest in China if you want cheap Jeans and socks, anything else forget it. A world super power in crap engineering.
3. george monsoon said...
That won't stop them taking over the world though...
4. harold said...
In China, IMHO it won’t be just the bridges that collapse, but the entire boom and bust economy. The corruption endemic in China (plus the love of gambling) will make the Japanese and Korean banking fiascos look like child's play. Again IMHO, India is the country to watch. It has by far the best-educated and largest middle class in the world, and, although corrupt, is a genuine 'open society' and democracy (unlike the oligarchy that is China).
5. mrmickey said...
I've got a JVC CD player bought it in 1990 still going strong. China like Europe has a massive demographic problem so it is unlikely that either of these regions will have much of a future. India is a good one to look at for the future unfortunately it has Pakistan on it's flank not a very stable country.
6. paul said...
I once bought a sony walkman in Japan in about 1992 which was bulletproof. I dropped it out of my bedroom window and it still played tapes fine. It had an aluminium chassis and was way smaller than any of the export models available in the UK. Japan's manufacturing went wrong when it retained R&D but moved production to mainland Asia.
Consumer electronics are a different story nowadays I think JU. Nearly all of the world's flat screen TFTs are manufactured by Samsung. All of the world's SDRAM and flash memory is made in Taiwan, and all of the world's DVD discs are manufactured by two companies, one in Taiwan and one in Korea.
China is another matter - their economies are less concentrated and less knowledge-intensive, and unfortunately it is difficult to systemize research and development.
7. denzil said...
I would agree with comments on here regarding cheap Chinese goods and other far east goods.
There is a saying, "buy cheap, buy twice". For ages inflation has been held down or even fallen on many items but the reality of the situation is that if I have to replace the goods twice as often as its well-made counterpart then the downward pressure on inflation is non-existent. My guess is that the lifespan of the cheap goods is not a factor in the basket of goods calculation.
8. fahrenheit451 said...
The blind leading the blind ...
Say no more.
9. Samone said...
yeah like everything from big-mac'istan is well engineered. Toyota are now the biggest car maker in the world. most the internet works on unix and it's linux cousin. even apple's head of design is British.
you don't have to be the best as something to be number 1!
10. george monsoon said...
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A blind man builds a bridge..
Now come on, this is such a good analogy of the way the government and financial powers have engineered our current economical situation.
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11. george monsoon said...
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A blind man builds a bridge..
Now come on, this is such a good analogy of the way the government and financial powers have engineered our current economical situation.
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