Chinese Economics Thread
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Reactor vessel and steam generators shipped to Xudapu
11 July 2023Four steam generators and the reactor vessel for unit 3 at the Xudapu nuclear power plant have a combined weight of 1700 tonnes and are being transported from Russia to China by road, barge and then sea from St Petersburg.
The production of the equipment was carried out by AEM-Technologies, part of Rosatom-Atomenergomash. Xudapu units 3 and 4, in Liaoning province in China, are to feature VVER-1200 reactors.
Igor Kotov, director general of JSC Atomenergomash, said: "The production of equipment for four power units in the People's Republic of China is one of the key projects for the development of a strategic partnership in the energy sector between Russia and China ... in April of this year, the first set of equipment was shipped - a reactor and four steam generators for unit No 7 of Tianwan NPP, and today we shipped a set for unit No 3 of Xudapu NPP. Shipment for the next two power units of these stations will take place in 2024."
The steam generators are heat exchangers, about 14 metres long, with a diameter of more than 4 metres and weighing 350 tonnes. The reactor vessel has a length of about 13 metres and a diameter of 4.5 metres and weighs 320 tonnes.
In June 2018, Russia and China signed four agreements, including for the construction of two VVER-1200 reactors at the new Xudapu (also known as Xudabao) site. Agreements signed in June 2019 included a general contract for the construction of Xudapu units 3 and 4, as well as a contract for the supply of nuclear fuel. Rosatom is designing the nuclear island and will supply key equipment, as well as providing field supervision, installation supervision, and commissioning services for the supplied equipment. Turbine generators and balance of plant will be supplied by China.
Construction of Xudapu unit 3 began in July 2021, with that of unit 4 starting in May 2022. The 2019 agreements also included the construction of two VVER-1200 reactors as units 7 and 8 of the Tianwan plant, in Jiangsu province. They are scheduled to be commissioned in 2026-2027.
Canalys out with desktop/laptop sales this year. Not good news for Lenovo, down 18% this year. Maybe this is due to weaknesses in Asia. I'm sure it will make people feel good here that Dell saw even bigger drop after they publicly decided to unfriend China
Unlike Japan, China is not shackled by an unequal treaty with the US to raise the value of its currency.
Even Japan eventually decided to just print their way out of the deflation.
was an attempt by Beijing-based Infinite Vision Technology to buy imaging technology from the University of Manchester.
Other interventions include stopping Bristol-based Pulsic, a supplier of semiconductor design tools, from being sold to Chinese investor Super Orange HK Holding last summer.
The most high-profile intervention was by a China-backed chip manufacturer Nexperia.
China economy is growing now at 5%, so the low inflation could be probably more due that lack of demand from outside China than inside China due the fight against inflation of most central banks. China companies could been forced to sell their products more locally creating oversupply and reducing prices, but that would change as demand pick-up from outside and inventories are reduced.
Any stimulus in China has to be really precise, If you put a big stimulus and demand suddenly rise, inflation can rise faster than expected then any further stimulus could create further inflation. for example the FED cannot low Interest rates or do QE until inflation is really low, it could become basically an stagflation trap were further stimulus or even just economic growth could create more inflation forcing the FED to cut stimulus or Interest rates. The only way to escape would be a economic recession that require the FED to print money to save economy.
In other words with the lack of an economic recession and with inflation this high central banks are hand tie on how much money they can print. So I think the era of Central Bank excesses could be over.