Chinese Economics Thread

Overbom

Brigadier
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Chinese Premier Li Keqiang has signed a State Council decree unveiling a set of revised administrative regulations to further cut the red tape and stimulate market players' vitality.
The decree, which will take effect on May 1, 2022, announced the decision to amend 14 and abolish six sets of regulations in a bid to promote the separation of permits from business licenses.
 

dfrtyhgj

Junior Member
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What could have affected imports to miss the estimate from such a very large margin? Also Its good to see export beaten estimates, but I'm afraid of the data for this month.
Import replacement and ramping up of domestic coal production.

China is also likely using commodities from their huge stockpiles instead of getting more at the current hugely inflated prices.
I think once prices for commodities go back down, after this Russia sanctions euphoria dies down, then China will resume purchases again.
Commodity prices will never go back down again in USD terms, so China will either have to suck it soon or drop the peg. The only exception is the coming vaccine dieoff, so maybe China is banking on it.
 

sndef888

Captain
Registered Member
March export figures are good. Cautiously optimistic that russian invasion won't affect China's growth that much and that decoupling will remain just cheap talk but too early to tell since it takes time for foreign businesses to adjust
 

Coalescence

Senior Member
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Commodity prices will never go back down again in USD terms, so China will either have to suck it soon or drop the peg. The only exception is the coming vaccine dieoff, so maybe China is banking on it.
Clot shot theory :oops: I don't buy it, but if it was real that's going to be the biggest self-own in the entire history of civilization of mankind, and a final blow to their empire, and also many other countries as well.
 

JebKerman

Junior Member
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What could have affected imports to miss the estimate from such a very large margin? Also Its good to see export beaten estimates, but I'm afraid of the data for this month.
I have a feeling it's because everything in the west is out of stock. I'm trying to order some simple industry automation parts in the UK, lead time is 20-30 weeks at best. People are complaining some manufacturers will just straight up tell you lead time is 52 weeks for some parts.

I ordered some simple plastic tubes from a UK distributor a month ago, apparently it has to be shipped from France and is now stuck in a French warehouse "waiting for documents". I have no idea wtf is going on any more.
 

Strangelove

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South China’s Guangdong Province, a major manufacturing hub, released its 14th Five-Year Plan (2021-25) for energy on Wednesday, vowing to promote the development of clean energy while ensuring energy security.

According to the plan released by the provincial government, Guangdong will develop the nuclear energy industry, with new nuclear power industrial parks to be built in Yangjiang and other places.

Advanced fuel research centers, natural uranium storage facilities, supporting projects for nuclear power environmental protection and other projects are also part of the five-year plan.

Guangdong will also develop the hydrogen energy industry. It will expand the hydrogen application market through multiple channels, focus on research and development of core hydrogen technologies and advanced equipment manufacturing, and accelerate the development of the whole industrial chain of hydrogen production, storage, processing and transportation, fuel cell reactors, key components and power system integration.

Guangdong’s energy supply is short of primary resources such as coal, oil and gas, according to the provincial government.

Water energy resources have been basically developed, while wind power, photovoltaic and other renewable energy sources have not been developed and utilized on a large scale.

Therefore, Guangdong aims to improve the cleanliness and efficiency of its energy consumption.

The energy consumption will continue to become more green and low-carbon, and it is estimated that the proportion of non-fossil energy consumption will reach 32 percent by 2025. Natural gas consumption is expected to reach more than 48 billion cubic meters by 2025.

The province also aims to limit its energy consumption to 480 million tons of standard coal by 2035.

Guangdong will strictly curb coal consumption from 2021-25, since the proportion of coal consumption in Guangdong is 27 percent higher than the world average, while the proportion of natural gas consumption is 24 percent lower than the world average.

Thermal power generation accounted for 75.7 percent of Guangdong’s total energy generation in 2021, which is higher than the national level of 71.13 percent, according to statistics from the National Bureau of Statistics.

Coal-fueled electricity is still a major source of power generation in China, but the country is currently on the way to achieving its goal of peak carbon by 2030, and then reaching carbon neutrality by 2060.

To ensure energy supply and security, the operation management department of the People’s Bank of China (PBC), the country’s central bank, designed and issued a special product for energy supply guarantee and rediscount, providing the first batch of bill financing support worth 890 million yuan ($139.8 million) to 10 thermal power enterprises, the bank said on Wednesday.

The financing support was among efforts to smooth the financial integration of the upstream and downstream of the power supply chain. Since 2021, supply and demand for thermal coal in China has been tight, causing financial pressure in the upstream and downstream of the power supply chain, according to the PBC.

In the next step, the central bank will provide strong financial guarantees and support for China's energy transformation.

While ensuring the supply of coal-powered electricity, China is also making efforts to develop clean energy.

As a result, China has built more than 250 hydrogen refueling stations, accounting for about 40 percent of the world's total and ranking first in the world in terms of the number of hydrogen refueling stations, the Xinhua News Agency reported on Wednesday, citing an official from the National Energy Administration.
 
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