Chinese Economy Watch

World's first FPSO vessel with carbon capture capability delivered in Shanghai: report​



2025-03-04 20:26:45
SHANGHAI, March 4 (Xinhua) -- The world's first floating production storage and offloading (FPSO) vessel with a carbon capture and storage facility was delivered in Shanghai on Monday, according to a Xinmin Evening News report.

The AGOGO FPSO, measuring 333 meters in length and 60 meters in width, has a daily production capacity of up to 120,000 barrels of crude oil and an oil storage capacity of 1.6 million barrels.

By capturing the carbon dioxide generated during sailing and oil production and using the exhaust heat energy to generate electricity, the vessel can achieve both environmental protection and energy saving.

The conventional floating production, storage and offloading units emitted approximately 20 to 30 kilograms of carbon dioxide equivalent per barrel. The AGOGO FPSO is expected to reduce such emissions by about 230,000 tonnes per year, equivalent to the carbon dioxide absorbed by 7,333 hectares of forest within one year.

Offshore oil and gas operations are known to produce substantial amounts of carbon dioxide. The delivery of the AGOGO FPSO marked an important step in the field of offshore carbon capture in China, making a contribution to the decarbonization of the global offshore oil production industry.


View: https://youtu.be/UxMbKpcNxIg?si=JIAwhDt_tJw2sXq3
 
Even domestic numbers came from subsidised tickets and mandatory attendance. Workers and students were shown movie en mass. CCP Tiktokias bought tickets and gave it away for free to Chinese beggar class, in exchange of compensation by CCP later on.


View: https://youtu.be/65pwrUG7su8?si=5qPb6WQZ9bK4ICkA

@rockdog himself has profited immensely by promoting this film here. I estimate he's made at least a 100 posts on this film here which @50 cents / post should have earned him 50 $ .

The only sad part is when rockdog joined the MSS & first appeared on DFI in 2009 , the MSS / CCP paid him 50 cents per post & the rate hasn't changed in 16 years.

And this is communist country we're talking about who've waged their war against capitalists killing millions of their own to get workers & peasants a better deal.

Rockdog can't even organise his fellow Wumaos into a union to protest this injustice else they'd lock him up , throw away the key & digitally erase him from their database as if he never existed.

What a tragedy!
 

China hits new landmark in global quantum computing race​


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Chinese quantum physicist Zhu Xiaobo (1st L) has a discussion with his students at a laboratory in Hefei, east China's Anhui Province, on March 3, 2025. Chinese scientists unveiled a superconducting quantum computer prototype named "Zuchongzhi 3.0" with 105 qubits on Monday (Beijing Time), marking a breakthrough in China's quantum computing advancements.

The achievement also sets a new record in quantum computational advantage within superconducting systems. (Photo by Dai Rui/Xinhua)

HEFEI, March 3 (Xinhua) -- Chinese scientists unveiled a superconducting quantum computer prototype named "Zuchongzhi 3.0" with 105 qubits on Monday (Beijing Time), marking a breakthrough in China's quantum computing advancements.

The achievement also sets a new record in quantum computational advantage within superconducting systems.

Developed by Chinese quantum physicists Pan Jianwei, Zhu Xiaobo, Peng Chengzhi, etc., "Zuchongzhi 3.0" features 105 readable qubits and 182 couplers. It processes quantum random circuit sampling tasks at a speed quadrillion times faster than the world's most powerful supercomputer and 1 million times faster than Google's latest results published in Nature in October 2024.

Quantum computational advantage, also known as "quantum supremacy," refers to the point where quantum computers outperform the most advanced classical supercomputers in specific tasks. This milestone not only validates the feasibility of quantum computing but also serves as a direct indicator of a nation's research strength in this field.

Currently, China and the United States are the two global frontrunners in quantum computing research, with each country alternately achieving groundbreaking advancements.

In 2019 and 2020, the United States and China, respectively, launched their quantum computing prototypes, "Sycamore" and "Jiuzhang," achieving quantum supremacy. In 2021, China successfully developed a 66-qubit programmable superconducting quantum computing system named "Zuchongzhi 2.1," making it the first country to achieve a quantum computational advantage in two mainstream technical routes.

According to the research team, "Zuchongzhi 3.0" significantly enhances key performance metrics compared to its predecessor, "Zuchongzhi 2.1," achieving a globally leading level of quantum computational power.

The study was published online in the journal Physical Review Letters. Peer reviewers praised the work, calling it "benchmarking a new superconducting quantum computer, which shows state-of-the-art performance" and "a significant upgrade from the previous 66-qubit device."

The global scientific community has outlined a three-step roadmap for experimental quantum computing development. The first step is achieving quantum supremacy; the second step involves developing quantum simulators with hundreds of controllable qubits to tackle real-world problems beyond the capabilities of supercomputers; and the third step focuses on substantially improving qubit control precision, integration scale and error correction to develop programmable, general-purpose quantum computers.

Quantum advantage represents a critical foundation for near-term applications and scalable quantum error correction, both of which are essential for the future of practical quantum computing.

The research team of "Zuchongzhi 3.0" is actively exploring various directions, including quantum error correction, quantum entanglement, quantum simulation and quantum chemistry.

According to Zhu, the team is currently conducting surface code error correction research with a code distance of 7. After making progress, they will extend it to 9 and 11, paving the way for large-scale qubit integration and control. ■

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This schematic diagram provided by the University of Science and Technology of China shows the chip of "Zuchongzhi 3.0". Chinese scientists unveiled a superconducting quantum computer prototype named "Zuchongzhi 3.0" with 105 qubits on Monday (Beijing Time), marking a breakthrough in China's quantum computing advancements.

The achievement also sets a new record in quantum computational advantage within superconducting systems.(University of Science and Technology of China/Handout via Xinhua)

V34oZUq1pIyPfkEl.jpg


Chinese quantum physicist Zhu Xiaobo (R) has a discussion with a student at a laboratory in Hefei, east China's Anhui Province, on March 3, 2025. Chinese scientists unveiled a superconducting quantum computer prototype named "Zuchongzhi 3.0" with 105 qubits on Monday (Beijing Time), marking a breakthrough in China's quantum computing advancements.

The achievement also sets a new record in quantum computational advantage within superconducting systems.(Photo by Dai Rui/Xinhua)
 

India's visa applications up 11% in 2024, Canada and China among favourites

Indians are travelling more frequently. Outbound travel from India remained strong, with visa application volumes rising by 11% in 2024 compared to the previous year, according to a VFS Global release accessed by Business Standard. The number has also surpassed pre-pandemic levels (2019) by 4%, showing both a recovery and an increase in Indian travellers heading abroad.

Popular destinations for Indian travellers in 2024 included Canada, China, France, Germany, Italy, Japan, the Netherlands, Switzerland, Saudi Arabia, the United States, and the United Kingdom.

“India continues to show a strong demand for international travel, and it's clear that this robust momentum will persist in 2025. We encourage applicants to apply for their visas well in advance to avoid the last-minute rush and ensure a smooth travel experience,” said Yummi Talwar, chief operating officer – South Asia, VFS Global.

 

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