Chinese Economics Thread
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It's interesting how they expect a one to one relationship between gdp growth and growth in visible light seen from space. It can give a general sense of economic activity but expecting one to one is quite stupid.
As a poor nation gets richer they are likely to consume more electricity for lighting but not all of it will be visible from space, such as ones used to light interior space. This doesn't take into account energy used in industry. Up to a point there won't be much increase in electricity used in lighting, especially outdoor lighting.
Light emissions are not a good measurement of economic activity. Makes little sense to take one factor and expecting it to be the same as the total goods and services output.
Using a single factor like that author, can we then say the US lied about economic growth over the last decade and half since electricity production hasn't increased? Not all economic activity have the same inputs or the same visible by products.
(Yicai Global) Nov. 1 -- As winter approaches, a nuclear energy-based heating project, equivalent to 12 coal-fired boiler houses, was put into operation in a town in China’s Liaoning province today, the first of its kind in the northeast of the country.
The nuclear heating project at Hongyanhe Nuclear Power Plant is supplying a clean source of heat to 20,000 residents in Hongyanhe town, near the port city of Dalian, state-owned nuclear plant operator China General Nuclear Power Corp. told Yicai Global.
The project is expected to reduce carbon emissions by 14,100 tons a year, coal consumption by 5,726 tons, sulfur dioxide emission by 60 tons and soot emissions by 209 tons, it said.
Hongyanhe Nuclear Power Plant is the first nuclear power station in northeast China and also the largest investment in power in the region. It has the most installed capacity of any nuclear power plant in China, generating 48 gigawatt hours a year, around 20 percent of Liaoning province’s energy needs.
Winters in northeast China are notoriously harsh and the geographical area to which heating is supplied is expanding at an average rate of 10 percent a year. Around 191 million tons of standard coal is needed to meet the heating needs in the region. Heating accounts for a quarter of all energy consumption in buildings.
As a result, nuclear-based heating in northern China is being actively promoted. CGN, China National Nuclear Corporation and State Power Investment have all started projects in the provinces including Heilongjiang, Jilin and Hebei.
The nuclear heating project at Hongyanhe Nuclear Power Plant is supplying a clean source of heat to 20,000 residents in Hongyanhe town, near the port city of Dalian, state-owned nuclear plant operator China General Nuclear Power Corp. told Yicai Global.
The project is expected to reduce carbon emissions by 14,100 tons a year, coal consumption by 5,726 tons, sulfur dioxide emission by 60 tons and soot emissions by 209 tons, it said.
Hongyanhe Nuclear Power Plant is the first nuclear power station in northeast China and also the largest investment in power in the region. It has the most installed capacity of any nuclear power plant in China, generating 48 gigawatt hours a year, around 20 percent of Liaoning province’s energy needs.
Winters in northeast China are notoriously harsh and the geographical area to which heating is supplied is expanding at an average rate of 10 percent a year. Around 191 million tons of standard coal is needed to meet the heating needs in the region. Heating accounts for a quarter of all energy consumption in buildings.
As a result, nuclear-based heating in northern China is being actively promoted. CGN, China National Nuclear Corporation and State Power Investment have all started projects in the provinces including Heilongjiang, Jilin and Hebei.
In addition to all the previously mentioned issues with using light intensity to measure GDP, air quality might be an additional problem. Chinese cities used to have very poor air quality in the years on which the dataset is based. So a lot of the light emitted at night would be absorbed or scattered by particles in the air. Richer countries in which air quality was improved many decades ago are just not a good comparison
supercat
Major
Forget about the light intensity nonsense. IMF projects that China will grow 2x faster than the U.S. this year and 4x faster next year. That's all you need to know.
It is no sweat.
There have been a critical breakthrough in solving this particular problem by world renowned Indian Vedic scientists and thinkers : it's called Cow Piss Equivalency Unit, or CPEU. This common currency unit makes it possible for India to achieve Suparpurwa status since 2012 as this USD/CPEU cross currency pair is very stable despite the fact INR is in shithole irl.