Both EU and Japan don't see much future growth in the US economy and market. They may even think the US market is on the way down with multiple economic crisis, not just covid, a spent consumer base, alarming debt levels and so on. They are going to vote for their wallets. Because of Tariff Trump, Japan and the EU may want to spread their economic eggs everywhere and want to be less reliant on the US.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Deals like these are highly symbolic, but important symbolic for trends that are ongoing and more to come. They affirm what's already trending with growing momentum.
This too. Really the whole shadow trade war with Australia was a move straight out of Warring States.
Along with RCEP and EU deal and potential US-China reset under Biden, and if China can figure out the WS-15 and EUV or 7nm DUV, it should pave the way towards another decade of 7% GDP growth.
Otherwise RCEP and additional trade deals should atleast maintain 5% imo.
Last edited:
Fuzhou–Pingtan railway begins operation. This railway line required the construction of two enormous bridges across the sea. Pingtan is only 68 nautical miles from Taiwan Hsinchu. Extension of this route across the strait is one of the three proposed railway links for eventual across strait link.
Hi TAM,
Chi or Qi concept, slowly ,steadily and with growing momentum,(like water, be like water my friend) the overwhelming forces that offer your opponent no choice but to accept its fait accompli.
As Xsizor posted before
I'm impressed.
This time last year (Dec 2019 - Jan 2020) I was quite concerned for China. It had HK protest, full on attacks sponsored by foreign agents and quickly replaced by a even more malicious threat - Coronavirus.
Add in -
-Trade war with USA (where it seemed like China had to buckle first)
-A border confrontation with India.
To say I was concerned is actually an understatement. Many other members were quite distressed too (if I may speak for others).
How quickly has the situation changed.
Coronavirus reigned in.
RCEP signed.
USA in turmoil due to Covid and elections.
EU economy in turmoil.
China managing to confront India into the winter.
And now a deal with EU.
Is it just pure luck or clever " 3D Chess" played by CCP members? I think it's the former. Luck is with China.
Or they had learned and practice SUN TZU art of war, Just like what happen during the Chinese civil war, as the nationalist throw everything including the kitchen sink to capture Yan'an (just like the American did on phase 1 deal), the CCP absorb the blow, survived and now with confidence began striking back, bit by bit gain growing momentum, just like chi or qi (energy force). I always find in Chinese literature and history this concept of Qi and how they were used.
Hendrik_2000
Lieutenant General
Thanks interesting statistic Coal,Oil production stay stagnant for some year. The bright spot are gas and renewable source (hydro, solar, wind). I am not sure Nuclear is great option since they are expensive to built but cheap to operate , expensive to dismantle it , expensive to store radioactive waste But it can be part of mix energy
nergy in China’s New Era, The State Council Information Office of the People’s Republic of China December 2020
Preliminary calculations show that China’s primary energy production in 2019 reached 3.97 billion tons of standard coal, making it the world’s largest energy producer.
Coal remains the basic energy source. Since 2012, the annual production of raw coal has ranged between 3.41 and 3.97 billion tons. Crude oil production remains stable. Since 2012, the annual production of crude oil has ranged between 190 and 210 million tons. The production of natural gas has increased notably, from 110.6 billion cu m in 2012 to 176.2 billion cubic meters in 2019. China’s electricity supply capacity has risen to a cumulative installed capacity of 2.01 billion kW in 2019, up 75 percent since 2012, and an electricity output of 7.5 trillion kWh, up 50 percent. Renewable energy resources have expanded rapidly, with cumulative installed capacities of hydropower, wind power, and solar photovoltaic (PV) power each ranking top in the world. As of the end of 2019, the total installed capacity of nuclear power plants under construction and in operation reached 65.93 million kW, the second largest in the world.
China has built natural gas trunk lines measuring over 87,000 km, oil trunk lines totaling 55,000 km, and 302,000 km of electricity transmission lines of 330 kv or more.
By 2019, carbon emission intensity in China had decreased by 48.1 percent compared with 2005, which exceeded the target of reducing carbon emission intensity by 40 to 45 percent between 2005 and 2020.
As of the end of 2019, clean heating in northern China covered a floor space of 11.6 billion sq meters, an increase of 5.1 billion sq meters over 2016.
Hi ansy1968,
Good day to you brother. No one knows anything about what China wants to do with capital controls.
Apparently the Comprehensive Agreement on Investment with the EU has some of those capital controls lifted if I remember reading it correctly. Not sure.
Capital controls could be all about cracking down on corruption, just like when they introduced no more paper money for the government officials everything in electronic money and crack down.
The bond market is rather large in China, and foreigners want to buy Chinese bonds because it actually has a yield.
My impression is that it probably will be loosen sooner rather than later the capital controls.
It is very hard to say to do exactly, there are a lot of moving parts to consider.