China revising up the 2023 GDP
Chinese Economics Thread
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China revising up the 2023 GDP
There is no loss of control, tho. This basically a natural progression of the currency swaps with SoKo since 2008.
This is an insult that only shows why it's important to upend the current SK government and further ruin them as a viable country. They're equating China with Philippines and Cambodia. Beijing ought to downgrade South Korean visa policies to below North Koreans, or at least make them equivalent to a country even worse than Cambodia, like Laos or Bhutan.
I guess it is simply what losers perpetually do, make underhanded insults but do not openly dare to take a stand to stop China's profiteering, currency and industry control.
Growth of Chinese monthly electricity demand:
This is showing monthly demand that has grown 100% since the nadir of the pandemic. And during not just the pandemic but a trade war and a massive RE de-leveraging too.
And no, it is not just from AI farms or EV charging (see the lines at the bottom.)
This is growth in demand for an economy that already consumes 200% as much electricity as the US (nominally the "largest" economy in the world.)
I know China is wringing out a real estate crisis and going through a re-structuring of its economy so there is real pain for millions that made their bones with the RE sector and all its ancillaries.
But there is no fucking way this kind of upshot in electricity usage is not producing massive growth in the Chinese economy.
You can't force this much food into a baby and not expect it to gain a lot of weight.
This is showing monthly demand that has grown 100% since the nadir of the pandemic. And during not just the pandemic but a trade war and a massive RE de-leveraging too.
And no, it is not just from AI farms or EV charging (see the lines at the bottom.)
This is growth in demand for an economy that already consumes 200% as much electricity as the US (nominally the "largest" economy in the world.)
I know China is wringing out a real estate crisis and going through a re-structuring of its economy so there is real pain for millions that made their bones with the RE sector and all its ancillaries.
But there is no fucking way this kind of upshot in electricity usage is not producing massive growth in the Chinese economy.
You can't force this much food into a baby and not expect it to gain a lot of weight.
Chinese don't patronize Korean cosmetics industry, as the confident Chinese don't need to at all.
