Merchandise exports skyrocketed by 30% in 2021, and by the end of 2022 had grown to an estimated $3.6 trillion per year. That means China’s exports alone are bigger than the of countries like the UK, India, and France.
Chinese Economics Thread
- Thread starter Norfolk
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Merchandise exports skyrocketed by 30% in 2021, and by the end of 2022 had grown to an estimated $3.6 trillion per year. That means China’s exports alone are bigger than the of countries like the UK, India, and France.
China is recovering well and the economy is expect to grow at a nice stable 6% this year. So why is the youth unemployment rate still so high? Will it recover fast or will it take another few years to go back to the usual 5%?
That's deep! Inaugurating the drilling of Asia's deepest oil and gas well.
8,591-meter-deep well in Xinjiang tested productive
Updated 10:03, 03-May-2023
An 8,591-meter-deep well named Shunbei No. 10 in northwest China's Xinjiang Uygur Autonomous Region went through an open-flow test on Tuesday, proving its productivity.
During the open-flow test, the air coming out of the inclined shaft was successfully ignited, and the flame was orange. This suggests the existence of an oil and gas flow from the well, which is mainly made up of natural gas.
Located in the Taklamakan Desert, Shunbei No. 10 is part of the Shendi (Deep Earth) No.1 Shunbei Oil and Gas Field Base, a key oil and natural gas project launched by China's energy and chemical giant Sinopec.
Across the Taklamakan Desert, 120 wells have been drilled at depths of over 8,000 meters, with each tasked with the mission under the "Deep Earth" project to drill for oil and gas buried around thousands of meters beneath the desert.
In China, more than a third of discovered oil and gas resources are detected underground at 4,500 meters, some being even deeper.
8,591-meter-deep well in Xinjiang tested productive
Updated 10:03, 03-May-2023
An 8,591-meter-deep well named Shunbei No. 10 in northwest China's Xinjiang Uygur Autonomous Region went through an open-flow test on Tuesday, proving its productivity.
During the open-flow test, the air coming out of the inclined shaft was successfully ignited, and the flame was orange. This suggests the existence of an oil and gas flow from the well, which is mainly made up of natural gas.
Located in the Taklamakan Desert, Shunbei No. 10 is part of the Shendi (Deep Earth) No.1 Shunbei Oil and Gas Field Base, a key oil and natural gas project launched by China's energy and chemical giant Sinopec.
Across the Taklamakan Desert, 120 wells have been drilled at depths of over 8,000 meters, with each tasked with the mission under the "Deep Earth" project to drill for oil and gas buried around thousands of meters beneath the desert.
In China, more than a third of discovered oil and gas resources are detected underground at 4,500 meters, some being even deeper.
Interesting thread about the future of Chinese energy. Beyond the generation, the distribution and storage also important for resiliency.
Maybe a dumb question, how does the oil get transported from Xinjiang to the rest of China? Are there already major piping infrastructure in place or is it mostly rail/road?That's deep! Inaugurating the drilling of Asia's deepest oil and gas well.
8,591-meter-deep well in Xinjiang tested productive
Updated 10:03, 03-May-2023
An 8,591-meter-deep well named Shunbei No. 10 in northwest China's Xinjiang Uygur Autonomous Region went through an open-flow test on Tuesday, proving its productivity.
During the open-flow test, the air coming out of the inclined shaft was successfully ignited, and the flame was orange. This suggests the existence of an oil and gas flow from the well, which is mainly made up of natural gas.
Located in the Taklamakan Desert, Shunbei No. 10 is part of the Shendi (Deep Earth) No.1 Shunbei Oil and Gas Field Base, a key oil and natural gas project launched by China's energy and chemical giant Sinopec.
Across the Taklamakan Desert, 120 wells have been drilled at depths of over 8,000 meters, with each tasked with the mission under the "Deep Earth" project to drill for oil and gas buried around thousands of meters beneath the desert.
In China, more than a third of discovered oil and gas resources are detected underground at 4,500 meters, some being even deeper.
Whats causing this talent shortage? Are CS programs in China lackluster outside of the top Universities? Or simply all of the strong CS graduates were going to internet companies, leaving only the weak ones going to manufacturing firms?
There's an existing gas pipeline infastructure across Xinjiang, transporting gas from the Tarim and Junggar gas fields to the rest of the country, with receiving terminals along the way.
Manufacturing firms need to better compete for talent. There's no way around it.