Chinese Economics Thread
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Hendrik_2000
Lieutenant General
Not sure if this is the route for the pipeline the green line
BEIJING, Dec 3 (Reuters) - Operations have started on the middle portion of the China-Russia East natural gas pipeline, allowing natural gas from the Power of Siberia system in Russia to be transmitted to the smog-prone Beijing-Tianjin-Hebei region in northern China.
The 1,110-kilometre pipeline aims to help improve air quality in the region, where about a quarter of China’s steelmaking capacity is located, by adding 27 million cubic metres gas supply per day, China Oil & Gas Piping Network Corp (PipeChina) said in a statement on Thursday, adding that the pipeline will also promote economic development alongside the rust-belt areas.
This portion starts at Changling city in Jilin and ends at Yongqing city in Hebei. The pipeline also connects the existing gas pipelines in northeastern and northern China, as well as the gas storage projects in Dalian, Tangshan and Liaohe.
The northern part of the China-Russia East gas pipeline started operations in December 2019 and has transmitted nearly 4 billion cubic metres (bcm) natural gas, according to PipeChina.
China had started construction on the southern portion of the China-Russia East pipeline in July, extending the route to Shanghai in eastern China.
Volumes of Russian gas transported via the pipeline could reach 38 bcm per annum once the line is completed by 2025. (Reporting by Muyu Xu in Beijing and Chen Aizhu in Singapore, Editing by Sherry Jacob-Phillips)
Map from
BEIJING, Dec 3 (Reuters) - Operations have started on the middle portion of the China-Russia East natural gas pipeline, allowing natural gas from the Power of Siberia system in Russia to be transmitted to the smog-prone Beijing-Tianjin-Hebei region in northern China.
The 1,110-kilometre pipeline aims to help improve air quality in the region, where about a quarter of China’s steelmaking capacity is located, by adding 27 million cubic metres gas supply per day, China Oil & Gas Piping Network Corp (PipeChina) said in a statement on Thursday, adding that the pipeline will also promote economic development alongside the rust-belt areas.
This portion starts at Changling city in Jilin and ends at Yongqing city in Hebei. The pipeline also connects the existing gas pipelines in northeastern and northern China, as well as the gas storage projects in Dalian, Tangshan and Liaohe.
The northern part of the China-Russia East gas pipeline started operations in December 2019 and has transmitted nearly 4 billion cubic metres (bcm) natural gas, according to PipeChina.
China had started construction on the southern portion of the China-Russia East pipeline in July, extending the route to Shanghai in eastern China.
Volumes of Russian gas transported via the pipeline could reach 38 bcm per annum once the line is completed by 2025. (Reporting by Muyu Xu in Beijing and Chen Aizhu in Singapore, Editing by Sherry Jacob-Phillips)
Map from
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Rumor has it that former employees from the closed US consulate in Chengdu were recruited by the American Chamber of Commerce.
No, it's not a myth. China certainly can and there are good reasons why it should. Ramblings from professional anti-China whiners don't change that fact.
escobar
Brigadier
During the trade war with Trump, Xi were "signaling" by going to a rare earth company. What happen after? Nothing.
But sure, CN can really weaponize RE if you say so
So?
Exactly right, and that's just because that's the way things are, not because I say so.
AssassinsMace
Lieutenant General
Rare earths can be weaponize like how the Saudis bankrupted fracking companies in the US. Oil has to at least $60 a barrel in order for fracking to be economically viable. The Saudis just increased production to make oil cheaper than $60 a barrel to kill US fracking companies. They ain't getting it cheaper than China. That's why they're stuck getting them from China. If it were easy, why don't they stop buying them from China. Maybe they'll lie and claim China is pointing a gun to their heads and forcing them to buy them from China...? Everyone else that tries will never beat China because it will always cost more for them to produce. The US produces their own rare earths... who's gonna buy the most expensive rare earths in the world when China offers them cheaper? Maybe the US can at least force American high tech companies to buy them and all US high tech product prices go up where they can't compete with an ally that gets them cheaper from China. It's a fact anything gets more expensive, the lesser consumers will buy it especially if there are less expensive alternatives. You can't sell your product to the world because they have cheaper alternatives available to them. You can only sell them at home which means fewer customers because it's so damn expensive means lesser profits. Lesser profits means less money for research and development. Yes US companies that want to get into the rare earths game want the US government to subsidize it so they can make a profit. Still cost the US more because then the American taxpayer will be paying for it which means less money for other government programs. If the US starts producing rare earths China can actually raise the price and it'll still be cheaper than the US. The US can ban their allies products if they use Chinese rare earths which starts a trade war with the US's allies. There's a cascade effect that spills over to other areas that don't use rare earths. The simpletons think keeping everything domestically even with expensive US labor means American will be able to afford it. They think the US will able to handle it better like they thought the US was going to handle COVID-19 better. Yeah China will be affected but China will still be engaged with the world unlike the US who'll be closing itself off to the world. China more and more is the largest consumer market in every category. Countries that follow the US will follow it off the cliff.
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Rare earths minerals are one-time trump card. Unless it is absolutely necessary China wouldn't (and shouldn't) play it.
Regarding Xi's signalling, the Trade war ended and the US has completely lost this trade war. He didn't play the card, while Trump/US played the export controls/Chips card.
To me, thats a net positive for China.
AFAIK China now wants to upgrade the entire rare earth minerals-processing industry to a new level using 5G, Big Data, and cloud in order to boost productivity, innovation, competitiveness and profit. So all is good regarding this industry.
Regarding Xi's signalling, the Trade war ended and the US has completely lost this trade war. He didn't play the card, while Trump/US played the export controls/Chips card.
To me, thats a net positive for China.
AFAIK China now wants to upgrade the entire rare earth minerals-processing industry to a new level using 5G, Big Data, and cloud in order to boost productivity, innovation, competitiveness and profit. So all is good regarding this industry.
escobar
Brigadier
Simple answer: Either CN really can't either CN choose not to play RE card. I go for the first