Chinese Economics Thread

supersnoop

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According to CNOOC, China's first offshore shale oil/gas well started pumping out crude oil and natural gas in production scale. This well is located in southwestern Gulf of Tonkin (北部湾). It has a stable daily production rate of 20 cubic meters of crude oil and 1589 cubic meters of natural gas. [Interestingly this is the first time I saw crude production measured in cubic meters.]

This shale oil field alone is estimated to have a reserve of 800 million tons of crude oil. The whole Gulf of Tonkin could have 1.2 billion tons in total.
Totally off topic, but it had recently dawned on me that Tokyo Bay and Gulf of Tonkin used to have the same name in Chinese.
 

Blitzo

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Abominable

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Anyone else noticed the large number of hit pieces that claim that China's economy is in trouble? First there was the fake news about tanks being deployed to stop people from withdrawing money from banks. There there's all the stuff about an imminent real estate collapse.

I think there is a narrative being created that Xi is about to start a war in Taiwan to distract from his supposed economic problems?
 

SanWenYu

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Totally off topic, but it had recently dawned on me that Tokyo Bay and Gulf of Tonkin used to have the same name in Chinese.
Vietnamese once called Hanoi 东京 in history. So "Tonkin" must be the pronunciation of that name to the Europeans (Frenches?)

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十年(1397年),陈朝权臣
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将都城迁至他精心营造的西都
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,并以昇龙为“东都”(Đông Đô)。
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五年(1407年),
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派兵灭
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,以其地设
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,治升龙城,改称“东关城”(Đông Quan)。
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元年(1428年),
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开国君主
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击退明军,建立
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,定都昇龙城。三年后将东都改称为“东京”(Đông Kinh)。同时以起兵地蓝山为“蓝京”(在西都清化附近)。

UPDATE: I don't think Chinese ever called this water 东京湾. It is 北部湾 in Chinese.
 

sunnymaxi

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BEIJING, July 29 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 17.4 percent year on year to 723.31 billion yuan in the first half of the year, the Ministry of Commerce said Friday.

In U.S. dollar terms, the inflow went up 21.8 percent from a year ago to 112.35 billion dollars, according to the ministry.

High-tech industries saw a rapid FDI increase of 33.6 percent in the first six months. Specifically, foreign investment in high-tech manufacturing rose 31.1 percent, while that in the high-tech service sector jumped 34.4 percent.

The service industry received 537.13 billion yuan of foreign investment in the period, up 9.2 percent from a year earlier.

Investment from the Republic of Korea, the United States, and Germany climbed by 37.2 percent, 26.1 percent, and 13.9 percent, respectively.

The FDI flowing into the country's western region reported a 43.9 percent surge in the January-June period, followed by 25 percent in the central region, and 15.6 percent in the eastern region.
 

56860

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BEIJING, July 29 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 17.4 percent year on year to 723.31 billion yuan in the first half of the year, the Ministry of Commerce said Friday.

In U.S. dollar terms, the inflow went up 21.8 percent from a year ago to 112.35 billion dollars, according to the ministry.

High-tech industries saw a rapid FDI increase of 33.6 percent in the first six months. Specifically, foreign investment in high-tech manufacturing rose 31.1 percent, while that in the high-tech service sector jumped 34.4 percent.

The service industry received 537.13 billion yuan of foreign investment in the period, up 9.2 percent from a year earlier.

Investment from the Republic of Korea, the United States, and Germany climbed by 37.2 percent, 26.1 percent, and 13.9 percent, respectively.

The FDI flowing into the country's western region reported a 43.9 percent surge in the January-June period, followed by 25 percent in the central region, and 15.6 percent in the eastern region.
@Petrolicious88

Signs of decoupling everywhere except in the numbers :/
 
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