Surprising to me that Ordos in Inner Mongolia is #1 in per person GDP and #2 is a Karamay in Xinjiang. There ought to be "go-west" movement in China to tap the potentials out there.
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Chinese Economics Thread
- Thread starter Norfolk
- Start date
Hardly the first comparison between modern China and Gilded Age America, but the brief mention of the subsequent Progressive Era does bring to mind what's going on right now—a reaction to the excess of unfettered capitalism with government reforms, crackdowns on corruption, reducing inequality, etc.
Coincidentally (or maybe not), it was also the start of American naval tradition, with Mahan and the Great White Fleet and so forth. Which is also not a new comparison.
Teddy Roosevelt had interesting things to say about the challenges of the day. There's a joke in there somewhere.
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That's what makes China the most successful civilization in history, the west has empires that rise and falls, but China is the only one who rises, falls and rise again, and again, and again. A poor man can gain the illusion of wealth by winning the lottery, but only once, while a wealthy man can lose everything and still climb back to the top, because wealth is about a lot more than one's bank account, the same is true for civilizations.
They started building this 1.4 GWe nuclear reactor in the middle of COVID-19 and finished it in 5 years. I think that is a new record. Just for comparison the APR1400s the South Koreans built in the UAE took 9 years to build.
The first of two demonstration Guohe One (CAP1400) reactors at Huaneng Group's Shidaowan site in China's Shandong province has been connected to the grid. The 1400 MWe pressurised water reactor design is intended to be deployed in large numbers across the country, as well as for export.
The CAP1400 is an enlarged version of the CAP1000 PWR developed from the Westinghouse AP1000, with consulting input from the USA-based company.
Research and development for Guohe One began in 2008. In December 2009, the State Nuclear Plant Demonstration Company – a 55-45% joint venture company by State Power Investment Corp (SPIC) and China Huaneng Group – was set up to build and operate two demonstration unit of the CAP1400 at Huaneng's Shidaowan site at Rongcheng. SPIC officially launched the CAP1400 reactor design in September 2020.
Construction of unit 1 started in June 2019 and unit 2 in April 2020. The reactor design is expected to take 56 months to build, with later units coming down to 50 months.
The National Nuclear Safety Administration issued an operating license for the first Guohe One demonstration reactor in late July this year.
Speaking at a press conference on 31 October, Dong Wancheng, deputy director of the Development Planning Department at the National Energy Administration (NEA), announced that the first CAP1400 unit at Shidaowan had been successfully connected to the grid.
The reactor will now undergo gradual power ascension testing and trial operation verification before officially entering commercial operation.
"After it is put into operation, the annual power generation will be 11.4 billion kilowatt-hours, which can meet the electricity needs of more than 11 million residents and reduce greenhouse gas emissions by more than 9 million tonnes per year," NEA noted.
It added: "Since 2022, several CAP series third-generation nuclear power units under the State Power Investment Corporation have been approved to start construction, and this series of nuclear power models will usher in a peak period of construction in the next few years."
In May 2016, the CAP1400 design successfully passed the International Atomic Energy Agency's Generic Reactor Safety Review. This review is not a clearance process but a review of the quality of the safety documents identifying strengths, weaknesses and gaps. International use of the CAP1400 is still dependent on meeting country-specific standards and requirements, but passing the IAEA safety review will make this process easier.
China's first CAP1400 begins supplying power
Monday, 4 November 2024The first of two demonstration Guohe One (CAP1400) reactors at Huaneng Group's Shidaowan site in China's Shandong province has been connected to the grid. The 1400 MWe pressurised water reactor design is intended to be deployed in large numbers across the country, as well as for export.
The CAP1400 is an enlarged version of the CAP1000 PWR developed from the Westinghouse AP1000, with consulting input from the USA-based company.
Research and development for Guohe One began in 2008. In December 2009, the State Nuclear Plant Demonstration Company – a 55-45% joint venture company by State Power Investment Corp (SPIC) and China Huaneng Group – was set up to build and operate two demonstration unit of the CAP1400 at Huaneng's Shidaowan site at Rongcheng. SPIC officially launched the CAP1400 reactor design in September 2020.
Construction of unit 1 started in June 2019 and unit 2 in April 2020. The reactor design is expected to take 56 months to build, with later units coming down to 50 months.
The National Nuclear Safety Administration issued an operating license for the first Guohe One demonstration reactor in late July this year.
Speaking at a press conference on 31 October, Dong Wancheng, deputy director of the Development Planning Department at the National Energy Administration (NEA), announced that the first CAP1400 unit at Shidaowan had been successfully connected to the grid.
The reactor will now undergo gradual power ascension testing and trial operation verification before officially entering commercial operation.
"After it is put into operation, the annual power generation will be 11.4 billion kilowatt-hours, which can meet the electricity needs of more than 11 million residents and reduce greenhouse gas emissions by more than 9 million tonnes per year," NEA noted.
It added: "Since 2022, several CAP series third-generation nuclear power units under the State Power Investment Corporation have been approved to start construction, and this series of nuclear power models will usher in a peak period of construction in the next few years."
In May 2016, the CAP1400 design successfully passed the International Atomic Energy Agency's Generic Reactor Safety Review. This review is not a clearance process but a review of the quality of the safety documents identifying strengths, weaknesses and gaps. International use of the CAP1400 is still dependent on meeting country-specific standards and requirements, but passing the IAEA safety review will make this process easier.
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broadsword
Brigadier
King Dollar isn't going anywhere. But as I've noted in previous comments, China shows no sign of wanting to displace the dollar either. The reason is simple: you need an open capital account for that and the Chinese leadership has preferred to keep tight control instead. That is ultimately a political choice and one which China could reverse easily if it chooses to - it just doesn't and shows no sign of doing so either. But it bears keeping in mind whenever you read BRICS boosters yapping about stuff they don't have the faintest idea about.
Why are they using foreign technology in this reactor? Is it sanction proof? When is Hualong Two available?
What kind of king can't even fund infrastructure, proper military projects (NGAD et al) and industry? Theres no king dollar. Only a bunch of NATO countries on permanent austerity because they try to cash checks they don't have the balance for.
China's monetary policy serves to maximise quality growth.