Chinese Economics Thread

[dfrtyhgj]

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Looks like mining is different from production, I guess they are all shipped to China.

"China produces more than 90% of the world’s manganese products"

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[supercat]

Look like China is expected the worst by insulating itself from geopolitical tsunami with energy independent. Environmental concern would be put in back burner for now. 300 million tons would be enough to replace all imports. 620 million stockpile is more like preparing for worst case scenario.

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The National Development and Reform Commission, the nation’s top economic planner, told officials from major mining regions at a meeting late last week that it wants to boost domestic production capacity by about 300 million tons, according to people familiar with the matter. It also plans to build a 620 million-ton stockpile of the fuel split between government, miners and users.

China has discovered more proven coal reserve than it digs up each year. So China isn't going to be running out of coal anytime soon. Importing more coal is still a good idea.

Actually, China's coal-fired power plants are among the cleanest in the world - a lot of supercritical and ultra-supercritical plants.

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More China-EU trade:

https://twitter.com/i/web/status/1504643616978845699

 

[dfrtyhgj]

Without access to Russian energy, the EU is shutting down their industry and importing everything from China (powered by Russian energy) by printing the Euro out of thin air.

 

[Tam]

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So they will have to import fertilizer from Russia then.

 

[MrCrazyBoyRavi]

What changed ? Looks like Xi, Biden talk went really well.

 

[Tyler]

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[dfrtyhgj]

So they will have to import fertilizer from Russia then.

What's going to happen is food production will drop, and population will follow.

 

[Tyler]

China should demand the EU pay for Chinese products in rmb.

 

[siegecrossbow]

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They know which way the wind is blowing. Having to deal with some losses due to mainland regulations is still infinitely preferable to having all of your assets seized.

 

[AssassinsMace]

The West can't beat China in infrastructure development around the world because they expect Western companies to get the contracts to build infrastructure and as with products they produce cost multiple times more than China. So when the West claims to have $300 billion dollars to give out in loans to other countries, that translates multiple times to over a trillion dollars compared to what the Chinese can do with that money. Their only hope in beating China is when China is bigger and better than they are in all measures.