From Dave Fishman. And I've seen this too. Electricity cost for Chinese residents is as low as 0.3 RMB per kWh. I think renewables is even cheaper.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
From Dave Fishman. And I've seen this too. Electricity cost for Chinese residents is as low as 0.3 RMB per kWh. I think renewables is even cheaper.
Dave Fishman is based in Shanghai? I can confirm that in Shanghai's newer residential complexes where there's extra dedicated capacity for home chargers, the EV charging rate from 10pm to 6am is 0.3 RMB/kWh. But at my older early 2000s building, where the charging line is from home meter, it's the normal residential off-peak rate of 0.49 RMB/kWh.
I feel like it's almost free to charge EV at home in Shanghai. And Shanghai is the most expensive city too.
Prior to the Ukraine war, it was straightforward to switch to an overnight tariff of 6 US cents / kWh in the UK
It's like 9-10 US cents / kWh now, but this is still very inexpensive to charge an EV overnight.
Daytime rates are another matter however.
However I'm much more worried about this
In rupee terms though...
Shenzhen is the manufacturing and tech heavyweight of the globe. Just incredible amount of brands, sellers and export from there.
Until tariffs get announced, exports will run hotter as everyone will want to frontload orders and stock up in overseas warehouses.
The market was rising because of unfounded rumours of an additional 4 trillion of stimulus related to housing - they are down a little less than they rose today because of the 10 trillion debt resolution plan.
What I said in Feb.
China’s state investment institutions, including Central Huijin Investment Ltd., the National Social Security Fund and the China Securities Finance Corp Ltd., increased their holdings in A-share listed companies by nearly in the third quarter of 2024. This gives their holding a total market value of 3.97 trillion yuan ($557 billion) across 788 companies, accounting for 4.69% of the total market value.
Last edited by a moderator:
why would it lead to 50% RMB devaluation? It's already way undervalued. If you devalue by 50%, Trump can just 300% tariffs, what do you do then? Not say there won't be devaluation in that scenario, but let's just wait and see.
Back during Trump's first term, you still had "respectable" liberal media amplifying narratives that the US could destroy the Chinese economy with a press of a button, basically. Of course, it didn't work out that way.
Now with Trump 2.0, it feels like they have collectively resigned themselves to admitting the US can't stop China, but at least uncompetitive Western firms can be shielded (so is the hope) from Chinese imports. It won't work, but policy being proposed by Trump against China isn't rational but emotional.
Xi got a lot of flack from some people on this forum for not punching back harder when China was first getting sanctioned. But it turns out just being patient and not overreacting was the right move. It will be again.
Now with Trump 2.0, it feels like they have collectively resigned themselves to admitting the US can't stop China, but at least uncompetitive Western firms can be shielded (so is the hope) from Chinese imports. It won't work, but policy being proposed by Trump against China isn't rational but emotional.
Xi got a lot of flack from some people on this forum for not punching back harder when China was first getting sanctioned. But it turns out just being patient and not overreacting was the right move. It will be again.