Chinese Economics Thread

[getready]

@Strangelove bro I like what is reported from that article...hehehehe, There goes Australian hope of China buying their coal...LOL more AUKUS please!

China’s imports of coal and related products surged 76% from a year ago in September to 32.9 million tons — the highest monthly level

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The value of those coal imports more than tripled year-on-year to $3.91 billion.

Prices for thermal coal, the primary fuel for electricity production, have more than doubled this year, according to futures traded on the Zhengzhou Commodity Exchange. A shortage of coal has

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and prompted authorities to

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Good news. Can anyone explain to me why in the past china isn't importing more coal from Russia? And having to buy from aus? I know before the aus china relationship isn't as bad as it is now but it is still a US ally and Russia is so much closer to China in terms of distance.

With iron ore it seems to be the case of quality but wat about coal?

 

[Franklin]

This is a good start.

China liberalises coal-fired power pricing to tackle energy crisis​

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[Strangelove]

Good news. Can anyone explain to me why in the past china isn't importing more coal from Russia? And having to buy from aus? I know before the aus china relationship isn't as bad as it is now but it is still a US ally and Russia is so much closer to China in terms of distance.

With iron ore it seems to be the case of quality but wat about coal?

Russia has traditionally focused on oil and gas, and if nuclear is added into consideration, Russian coal faces much competition in funding and government support, so infrastructure and logistics for Russian coal mines have never been cutting edge. In Aust, coal and iron ore are the main export commodities, and miners and related firms in the supply chain never had issues attracting funding.

But given Russia has so much of the stuff, they'll be stupid to ignore it, so there have been investments to upgrade facilities and increase productivity. Russian coal exports have increased in the past decade but oil and especially gas get all the coverage.

 

[pmc]

Russia offered several years ago 8000 MV coal plant electricity export plan that China decline due lack of consumption.
current export is 750MW to China. Russia has plenty of hydro, Wind, geo thermal, Nuclear, Lithium

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[MortyandRick]

Russia offered several years ago 8000 MV coal plant electricity export plan that China decline due lack of consumption.
current export is 750MW to China. Russia has plenty of hydro, Wind, geo thermal, Nuclear, Lithium

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Too bad. That's poor planning but hindsight is 20/20.

@pmc Seems like you have a lot of insight into Russian news. I am wondering What are you're thoughts on this guy that we discussed earlier in the thread. I'm curious what you think of what he has to say from your POV.

Thoughts?

https://twitter.com/i/web/status/1446751908291563525

 

[Hendrik_2000]

Good news. Can anyone explain to me why in the past china isn't importing more coal from Russia? And having to buy from aus? I know before the aus china relationship isn't as bad as it is now but it is still a US ally and Russia is so much closer to China in terms of distance.

With iron ore it seems to be the case of quality but wat about coal?

Well the largest demand for electricity are on the east coast and southern province like Guangdong So importing Russian coal will cause transportation charges. Australian coal are transported using coal ships cheaper than rail transport.

The present power shortage is not due to lack of coal. It has more to do with how electricity cost is structured in China. Since they are regulated a lot of power company just idle their plant rather than generating electricity at lost!

 

[KYli]

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[ansy1968]

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@KYli bro I really like how they spin this story, the stagflation story is happening in the US cause the Chinese are re-exporting inflation instead of absorbing it.

The gap between producer and consumer inflation increased in September to 10 percentage points from 8.7 points in August, the widest level since 1993.

Higher inflation, coupled with a weakening economy, has raised concerns of stagflation in China, and created more uncertainty about the outlook for monetary policy easing. Many economists still expect the central bank to cut the reserve requirement ratio for banks to help spur liquidity in the economy.

Other key details:

• The food price index dropped 5.2% from a year ago, slumping for the fourth month
• Non-food CPI climbed 2% from a year ago, slightly above the 1.9% gain in August
• Core CPI, which strips out volatile items such as food and energy, was unchanged at 1.2%

See the disconnect....LOL

 

[pmc]

Too bad. That's poor planning but hindsight is 20/20.

@pmc Seems like you have a lot of insight into Russian news. I am wondering What are you're thoughts on this guy that we discussed earlier in the thread. I'm curious what you think of what he has to say from your POV.

i hardly read opinion pieces. i only read development and technology news.
if China yearly capacity of sending 28,000 Freight trains to Europe. than its Russian railway system that is distributing efficiently to Poland/Finland and Russia northern seaports for onward dispatch to Western EU.

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[Godzilla]

@KYli bro I really like how they spin this story, the stagflation story is happening in the US cause the Chinese are re-exporting inflation instead of absorbing it.

The gap between producer and consumer inflation increased in September to 10 percentage points from 8.7 points in August, the widest level since 1993.

Higher inflation, coupled with a weakening economy, has raised concerns of stagflation in China, and created more uncertainty about the outlook for monetary policy easing. Many economists still expect the central bank to cut the reserve requirement ratio for banks to help spur liquidity in the economy.

Other key details:

• The food price index dropped 5.2% from a year ago, slumping for the fourth month
• Non-food CPI climbed 2% from a year ago, slightly above the 1.9% gain in August
• Core CPI, which strips out volatile items such as food and energy, was unchanged at 1.2%

See the disconnect....LOL

Is the food price index mainly due to the recovery to normal level of pork prices due to African swine flu?