Chinese Economics Thread
- Thread starter Norfolk
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Thanks
Malaysia ;-)
Also, the deep sea:
And potentially: the South China Sea, one a code of conduct is agreed. They are taking cargos from Venezuela right now.
I think we will start to see many oil and gas discoveries in BRI countries and islands soon, China has the tech to discover and extract it quickly to benefit those countries.
This will probably result in more 25-year agreements with various countries. Oil/Gas for Modernization, basically.
Watch East Timor in 2023, for example.
So a lot from GCC countries. If we look at NG, it's a lot of Russia, Central Asian countries and LNG from Australia, Qatar and America. They can also import more from Iran, Venezuela and Malaysia. They can pressure these countries to trade on SHPGX or get less buyers for their product. The more international producers on SHPGX, the more buyers will be on there too. They will get more market makers on there too and it will become a more important exchange.
And with that, more countries will need to have RMB to buy their energy products.
Also, the Mainland/Hong Kong stock connect just got stronger links now.
This should allow mainlanders to spend more of their RMBs so more offshore RMB becomes available to the world. It will also allow more countries
HKEX with their dual counter platform allows more easy access both directions.
Things are happening. With china opening its borders, there will be max wave of tourists going to ASEAN countries next year. They will bring RMB, Alipay and digital Yuan. All of this should proliferate RMB around Asia.
With more RMB in circulation, they need to just force more countries to sell their resources on Chinese exchanges. That in turn will develop more interest in paying for Chinese products in RMB and/or investing in RMB through bond market or stock market + also more international listing of RMB denominated bonds.
supercat
Major
Chinese startups do not really have to rely on foreign venture capitals.
However, FDI into Chinese increased YoY.
However, FDI into Chinese increased YoY.
China launches trading of world’s first industrial silicon futures to boost risk management
By Ma Jingjing Published: Dec 22, 2022 08:17 PM
Employees produce single crystalline silicon rods at a new energy company in Xingtai, north China's Hebei Province, Dec. 19, 2022. (Photo: Xinhua)
The trading of the world's first industrial silicon futures started at the Guangzhou Futures Exchange on Thursday, in a move that experts said will help stabilize prices of the metal mostly used in chips and solar panels and enhance the risk management capability of market entities.
A total of five industrial silicon futures contracts were launched, most of which opened higher on the first trading day. The main contract, SI2308, opened more than 3 percent higher at 19,100 yuan ($2,737) per ton, according to data from the exchange.
Trading of industrial silicon options will start on Friday.
The rollout of industrial silicon contracts and options will help stabilize the supply of industrial silicon for a resilient industrial chain, while improving international trade pricing so as to form a Chinese price that matches the country's silicon market scale, according to Wu Chenhui, an independent industry analyst.
As another tool to manage risks, the industrial silicon futures will help hedge price volatility risks, give China more initiative in international silicon metal price setting, and contribute to the growth momentum of new energy and green development, Wu told the Global Times on Thursday.
Domestic financial institutions, including CITIC Futures, Huatai Futures and Galaxy Futures, actively conducted research on industrial silicon futures as well as online and in-person investor education for the development of industrial silicon futures and derivatives.
Silicon metal is a key raw material for producing polysilicon, organosilicon and aluminum-silicon alloys, which are widely used in photovoltaic solar cells, semiconductors, automobiles and construction.
China is the world's largest industrial silicon producer, consumer and exporter, with a market of about 64.4 billion yuan in 2021.
In 2021, the country's output of silicon metal approached 5 million tons, accounting for about 80 percent of the global total. Its consumption was 2.36 million tons, about 57 percent of the global total, according to the Guangzhou Futures Exchange.
However, price volatility is a headache that most market players have experienced for years, as their production was often disrupted due to high raw material prices. This has a negative impact on company growth.
The export price of China's silicon metals has long been lower than other countries as the benchmark price of international trade is mainly based on figures provided by foreign metal institutions.
Due to disruptions amid power shortages in major silicon production regions, including Southwest China's Yunnan and Sichuan provinces, as well as soaring demand from solar power projects, the Chinese price of industrial silicon skyrocketed more than six times to 67,000 yuan per ton in August 2021 but fell to around 20,000 yuan per ton just two months later.
Currently, the price of industrial silicon has stayed around 20,000 yuan per ton, according to data from smm.cn, Shanghai-based non-ferrous metals portal.
"China's production capacity could meet the long-term supply of polysilicon, and along with many enterprises' production expansion, the country's production capacity of polysilicon is expected to reach 2.2 million tons in 2023," Xu Aihua, deputy head of the Silicon Industry of China Nonferrous Metals Industry Association, told the Global Times recently.
The Guangzhou Futures Exchange, the fifth of its kind in China, was established in 2021 with a focus on products related to green and sustainable development.
Hu Zheng, president of the exchange, said that the exchange will develop more futures related to green development, such as electricity, lithium, rare earths, products related to the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative, as well as those connected with international financial markets, the Xinhua News Agency reported on Thursday.
"The exchange aims to come up with more new energy metal products and actively promote opening-up so as to gradually become a global new energy metal pricing center," Hu said.
By Ma Jingjing Published: Dec 22, 2022 08:17 PM
Employees produce single crystalline silicon rods at a new energy company in Xingtai, north China's Hebei Province, Dec. 19, 2022. (Photo: Xinhua)
The trading of the world's first industrial silicon futures started at the Guangzhou Futures Exchange on Thursday, in a move that experts said will help stabilize prices of the metal mostly used in chips and solar panels and enhance the risk management capability of market entities.
A total of five industrial silicon futures contracts were launched, most of which opened higher on the first trading day. The main contract, SI2308, opened more than 3 percent higher at 19,100 yuan ($2,737) per ton, according to data from the exchange.
Trading of industrial silicon options will start on Friday.
The rollout of industrial silicon contracts and options will help stabilize the supply of industrial silicon for a resilient industrial chain, while improving international trade pricing so as to form a Chinese price that matches the country's silicon market scale, according to Wu Chenhui, an independent industry analyst.
As another tool to manage risks, the industrial silicon futures will help hedge price volatility risks, give China more initiative in international silicon metal price setting, and contribute to the growth momentum of new energy and green development, Wu told the Global Times on Thursday.
Domestic financial institutions, including CITIC Futures, Huatai Futures and Galaxy Futures, actively conducted research on industrial silicon futures as well as online and in-person investor education for the development of industrial silicon futures and derivatives.
Silicon metal is a key raw material for producing polysilicon, organosilicon and aluminum-silicon alloys, which are widely used in photovoltaic solar cells, semiconductors, automobiles and construction.
China is the world's largest industrial silicon producer, consumer and exporter, with a market of about 64.4 billion yuan in 2021.
In 2021, the country's output of silicon metal approached 5 million tons, accounting for about 80 percent of the global total. Its consumption was 2.36 million tons, about 57 percent of the global total, according to the Guangzhou Futures Exchange.
However, price volatility is a headache that most market players have experienced for years, as their production was often disrupted due to high raw material prices. This has a negative impact on company growth.
The export price of China's silicon metals has long been lower than other countries as the benchmark price of international trade is mainly based on figures provided by foreign metal institutions.
Due to disruptions amid power shortages in major silicon production regions, including Southwest China's Yunnan and Sichuan provinces, as well as soaring demand from solar power projects, the Chinese price of industrial silicon skyrocketed more than six times to 67,000 yuan per ton in August 2021 but fell to around 20,000 yuan per ton just two months later.
Currently, the price of industrial silicon has stayed around 20,000 yuan per ton, according to data from smm.cn, Shanghai-based non-ferrous metals portal.
"China's production capacity could meet the long-term supply of polysilicon, and along with many enterprises' production expansion, the country's production capacity of polysilicon is expected to reach 2.2 million tons in 2023," Xu Aihua, deputy head of the Silicon Industry of China Nonferrous Metals Industry Association, told the Global Times recently.
The Guangzhou Futures Exchange, the fifth of its kind in China, was established in 2021 with a focus on products related to green and sustainable development.
Hu Zheng, president of the exchange, said that the exchange will develop more futures related to green development, such as electricity, lithium, rare earths, products related to the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative, as well as those connected with international financial markets, the Xinhua News Agency reported on Thursday.
"The exchange aims to come up with more new energy metal products and actively promote opening-up so as to gradually become a global new energy metal pricing center," Hu said.
i found this to be quite informative. I’m not sure if this was posted before. what I find even more surprising is that this is an Indian channel that is balanced on China. That’s pretty rare in my experience. Guys like this can be very dangerous Because he actually provide lessons that if India implemented successfully, they can catch up fast.
Lol this channel has also churned out gems like this:
But China is only dominating and beating India while India is KILLING China, Jai Hind
Now, more seriously - you are right, most of those "analysis" videos from Indian channels are straight up reactionary garbage which is predominantly consumed by other Indians. They are also often controlled by Modi's IT propaganda cell, which is visible by the fact that even when criticizing India they tend to focus on the past (esp. Nehru often gets shat on) rather than failures of Modi - e.g. Wion, although those guys seldom criticize India at all.
