Chinese Economics Thread

[shen]

One interesting effect of China-US emission cap agreement is that the stock of Peabody Energy, America's largest coal company, gained in trading. Peabody Energy is a partner in the billion dollar GreenGen, a huge clean coal pilot project in China. Unsurprisingly, Peabody issued an press release in support of the agreement.

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[delft]

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This might be a game changer in terms of climate change. But not sure how it will impact the economies of both nations. Well the renewable sector will benefit but what about the manufacturing and auto industry?

Many auto's never leave the urbanised areas. In South Korea a 14 km bus route was built some time ago were the bus is fed energy from antennae in the road. On gizmag I saw a few days ago an experimental vehicle built in California with two wheels and two gyroscopes that should combine the advantages of motorcycle and car. Imagine then a city with antennae in the main roads to feed energy to two wheel cars. In the secundary roads there are only antennae to guide the vehicles. The gyroscopes are large enough to keep the vehicle upright even after providing the energy to drive 10 (?) km off the last main road. The cars must be able to communicate together to avoid collisions and be able to avoid hitting crossing pedestrians. The cars drive autonomously and without the complexities of the Google car. You avoid the use of hydrocarbon fuel and the infrasructure to provide it. The cars are much lighter and use much less energy. And that energy comes from hydo power, PV, wind turbines, Thorium reactors or whatever. You don't own a car but subscribe to a service to be taken to and from your work by an unmanned safe vehicle.
The manufacturing and the auto industry will be very happy. At any rate that part that survives the transition.

 

[no_name]

Many auto's never leave the urbanised areas. In South Korea a 14 km bus route was built some time ago were the bus is fed energy from antennae in the road. On gizmag I saw a few days ago an experimental vehicle built in California with two wheels and two gyroscopes that should combine the advantages of motorcycle and car. Imagine then a city with antennae in the main roads to feed energy to two wheel cars. In the secundary roads there are only antennae to guide the vehicles. The gyroscopes are large enough to keep the vehicle upright even after providing the energy to drive 10 (?) km off the last main road. The cars must be able to communicate together to avoid collisions and be able to avoid hitting crossing pedestrians. The cars drive autonomously and without the complexities of the Google car. You avoid the use of hydrocarbon fuel and the infrasructure to provide it. The cars are much lighter and use much less energy. And that energy comes from hydo power, PV, wind turbines, Thorium reactors or whatever. You don't own a car but subscribe to a service to be taken to and from your work by an unmanned safe vehicle.
The manufacturing and the auto industry will be very happy. At any rate that part that survives the transition.

You are talking about something like vehicles using inductive power transfer (IPT) technologies? It's not very efficient by electrical system standard but since hydrocarbon engines are not efficient themselves this could be an option.

 

[delft]

You are talking about something like vehicles using inductive power transfer (IPT) technologies? It's not very efficient by electrical system standard but since hydrocarbon engines are not efficient themselves this could be an option.

I saw 70 % mentioned a long time ago, IIRC. I also saw, much longer ago horrifying numbers about the costs in real estate of car traffic in cities, not just the roads but also the parking places and the fuel supply. These cars will be less prone to accidents and be much smaller and lighter. You need fewer of them for the same car use in the city and please see it as an addition to a mainly public transport based traffic system.
The system should also be developed for cargo transport in the city. The cargo carriers can be smaller when they don't use drivers so that should not be too difficult. Possible larger cargo carriers should use rail or tramways .

 

[no_name]

I saw 70 % mentioned a long time ago, IIRC. I also saw, much longer ago horrifying numbers about the costs in real estate of car traffic in cities, not just the roads but also the parking places and the fuel supply. These cars will be less prone to accidents and be much smaller and lighter. You need fewer of them for the same car use in the city and please see it as an addition to a mainly public transport based traffic system.
The system should also be developed for cargo transport in the city. The cargo carriers can be smaller when they don't use drivers so that should not be too difficult. Possible larger cargo carriers should use rail or tramways .

They could have charging pad beneath parking spots and give you an option of charging the car during the day for a small fee while you are away at work/on errands ect.

 

[getready]

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China and Aus have just reached a free trade agreement. Granting many Australian business access to China's huge market. But reading comments at the bottom, some of the Aussies are already whinging about this. Including a prominent conservative sydney radio host, Alan jones.

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Would like to hear thoughts on this deal. They were negotiating this for cclose to 10 years. And now It seems to me Aus got away like bandits which is strange given the china was in a stronger negotiating position. Did Australia promise china something else we are not aware of in exchange for this deal.

 

[wtlh]

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China and Aus have just reached a free trade agreement. Granting many Australian business access to China's huge market. But reading comments at the bottom, some of the Aussies are already whinging about this. Including a prominent conservative sydney radio host, Alan jones.

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Would like to hear thoughts on this deal. They were negotiating this for cclose to 10 years. And now It seems to me Aus got away like bandits which is strange given the china was in a stronger negotiating position. Did Australia promise china something else we are not aware of in exchange for this deal.

The key points listed by BBC:

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China-Australia free trade deal: key points

* Gives Australian exporters wider access to the lucrative Chinese market and private Chinese investors more freedom to put their money in Australia.

* About 85% of Australian exports into China will not incur tariffs, including dairy, beef, leather, mineral commodities and horticulture. Set to increase to 95% on full implementation of the deal.

* Chinese exports to Australia such as clothes, shoes, vehicles and electronics will be tariff-free.

* Threshold for Chinese investment in Australia without need for a government review raised to A$1.078bn from A$248m.

* Service sectors in both countries will benefit with freer access to industries such as healthcare, tourism, construction, banking and insurance.

Concessions from both parties:

* Australia failed to get a reduction in tariffs on key commodities such as rice, wheat, cotton and sugar.

* China was not able to get Australia to change its practise of scrutiny by the foreign investment review board on all investment by state-owned enterprises, which make up most of Chinese investments.

 

[SampanViking]

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China and Aus have just reached a free trade agreement. Granting many Australian business access to China's huge market. But reading comments at the bottom, some of the Aussies are already whinging about this. Including a prominent conservative sydney radio host, Alan jones.

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Would like to hear thoughts on this deal. They were negotiating this for cclose to 10 years. And now It seems to me Aus got away like bandits which is strange given the china was in a stronger negotiating position. Did Australia promise china something else we are not aware of in exchange for this deal.

Its not the TPP, simple as that.
I think very few in Asia Pacific actually want TPP but are reluctant to openly say so. The next best option is to quickly close a series of alternative deals that give the main benefits from TPP and thus make the proposal largely irrelevant.

 

[xiabonan]

I simply do not understand why some people (not just Australians, people in general), think that they know better than the government which has been negotiating this stuff for years. Maybe they don't trust their government.

I have full trust in my government in negotiating in the best interest of the Chinese nation and the Chinese people.

 

[wtlh]

Its not the TPP, simple as that.
I think very few in Asia Pacific actually want TPP but are reluctant to openly say so. The next best option is to quickly close a series of alternative deals that give the main benefits from TPP and thus make the proposal largely irrelevant.

I am just wondering, instead of focusing on the much more difficult to achieve TPP, why don't the US concentrate more on bilateral free trade agreements like these?