Chinese Economics Thread

BlackWindMnt

Captain
Registered Member
And some people would say how come every year added the GDP the size of Netherland but can't make EUV machine which Netherland can ... well only country can currently. The US can't make even any DUV machine, let alone DUVi or EUV
That's not how the US operates, the US does owns the core component and software packages.
So if those vassal economies don't do what the US wants them to do they can break complete modern high tech western economies by imposing export restriction. Like if the US say no more CYMER EUV light source ASML is fucked. Same with the US restricting export on key chemicals needed to produce semi conductors.
 

Overbom

Brigadier
Registered Member
And some people would say how come every year added the GDP the size of Netherland but can't make EUV machine which Netherland can ... well only country can currently. The US can't make even any DUV machine, let alone DUVi or EUV
EUV machines need special Dutch bloodline. China can grow as much as it wants, but if it doesn't have Dutch TM bloodline, it will never build a viable EUV machine.

True story
 

sndef888

Captain
Registered Member
btw, I saw this today
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Looks like China has been getting really cheap gas from Russia in POS-1. One would imagine the terms of POS-2 will be even better. As the number of natural gas customers shrink, countries like Russia, Turkmenistan and Myanmar would be even more eager to send their NG to China

Cheap energy will be a huge advantage going forward
Is PoS 2 going to happen? China doesn't seem to be putting too much attention to it, rather focusing on Turkmenistan
 

Overbom

Brigadier
Registered Member
Is PoS 2 going to happen? China doesn't seem to be putting too much attention to it, rather focusing on Turkmenistan
Its a toss up. From my casual understanding, I don't think POS 2 is strictly needed because by the time it gets done (2030?) China would be going full throttle with renewables.

And for backup, coal plants are going to be used. Russia IMO needs to come up with a lucrative offer for China to accept it.

Don't forget this news:
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China on track to triple its terawatt-scale wind and solar target​

The research arm of American banking giant Goldman Sachs has concluded that China is currently on track to generate almost three times more power from wind turbines and solar panels than the government has targeted.
According to a report published by Goldman Sachs in late March, combined capacity from China’s solar and wind energy sector will reach 3.3 terawatts (TW) by 2030.

This far outstrips the Chinese government’s current target of 1.2TWh.
 

Michael90

Junior Member
Registered Member
Its a toss up. From my casual understanding, I don't think POS 2 is strictly needed because by the time it gets done (2030?) China would be going full throttle with renewables.

And for backup, coal plants are going to be used. Russia IMO needs to come up with a lucrative offer for China to accept it.

Don't forget this news:
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Seems China will be needing Russia less and less with each passing year. However, Russia is needed for strategic reasons as they are the only major/powerful ally on China's side to help balance US and her allies.
 

Overbom

Brigadier
Registered Member
Seems China will be needing Russia less and less with each passing year. However, Russia is needed for strategic reasons as they are the only major/powerful ally on China's side to help balance US and her allies.
Well yes, my points were strictly about economics, but from a strategic perspective it could be argued that POS2 is necessary to help Russia.

Its all about final terms of the agreement. China would ideally want a flexible agreement that would allow China to ramp up or down gas purchases depending on how its energy situation develops in the future. While Russia would want guaranteed high purchase gas volumes
 

luminary

Senior Member
Registered Member
Xinjiang Products made with forced labour are
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, US commission hears

Testifying to the Congressional-Executive Commission on China (CECC), scholars and activists recommended that the US put more Xinjiang-origin products under prioritised scrutiny, blacklist more Chinese firms and push allies for broader import bans to leave “no safe harbour” in the world for Xinjiang goods.

Representative Chris Smith, a Republican from New Jersey and chairman of the CECC, said he had sent a letter to Chinese President Xi Jinping on Monday requesting a visa to visit Xinjiang.

“I’d like to lead a delegation there,” Smith said. “I hope we would have unfettered access to the camps and to talk to officials there and, above all, to talk to individual Uygurs without any fear of retaliation.”

American companies “have not all responded enthusiastically”.
 

Michael90

Junior Member
Registered Member
Xinjiang Products made with forced labour are
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, US commission hears

Testifying to the Congressional-Executive Commission on China (CECC), scholars and activists recommended that the US put more Xinjiang-origin products under prioritised scrutiny, blacklist more Chinese firms and push allies for broader import bans to leave “no safe harbour” in the world for Xinjiang goods.

Representative Chris Smith, a Republican from New Jersey and chairman of the CECC, said he had sent a letter to Chinese President Xi Jinping on Monday requesting a visa to visit Xinjiang.

“I’d like to lead a delegation there,” Smith said. “I hope we would have unfettered access to the camps and to talk to officials there and, above all, to talk to individual Uygurs without any fear of retaliation.”

American companies “have not all responded enthusiastically”.
This is actually hilarious.
 
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