Chinese Economics Thread

[broadsword]

No but that is what I heard from an arcitect working for a developer. He said it was the same as leaving a steel pipe under the elements. Of course it becomes worse when acidity/saline levels are high.

If it is the same as leaving the pipe in the elements, he must be nuts!

 

[SamuraiBlue]

My question is how many years? My hardware supplier just told me two decades in an installed state in a building is not a problem at all.

Like I said 5 years. The pipes for drinking water are not lined so they start to corrode and nothing will stop it when left un-used.
After five the corrosion will become irreversible in which the water will be reddish no matter what they do and will sprain a leak further down the line.

 

[broadsword]

You said 5 years, as is your usual habit of plucking some data from thin air. My supplier said more than 10 years and even then, you can still use the piped water after running clear.

Do you know what piping material they use in their housing complex?

There are empty buildings all over the world and do you know that when people move in after 5 years of vacancy, the occupants continue to live as normal without having to rip out the old piping?

 

[broadsword]

During the recent Shanghai stock market correction, the government's intervention was seen as heretic. Alan Greenspan, when he was in office, intervened a few times too to save the US stock market, notably on 9/11. But he was far from being the exception.

In the current report

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[Equation]

Housing complex becomes unfit for use after 5 years when left un-used due to plumbing pipe of both upper and sewage pipe corrosion. Elevator motors are also required to be replaced through corrosion of cables.

PCP pipe doesn't get corroded as easily as steal pipes. They don't put elevator motors in until the certificate of occupancy are given. The buildings main structures could be just intact without need of utility for some time. If any utilities are needed to be replace it is no problem at all.

Ok lets get back to the topic.

 

[janjak desalin]

PCP pipe doesn't get corroded as easily as steal pipes.

I could very well, be mistaken, but in the US, I think PVC is only used for plumbing A/C, etc.
Nevertheless, regarding the argument of corrosion, PVC plumbing would not corrode.

 

[Equation]

Shanghai (AFP) - A new bank dedicated to the emerging BRICS countries opened for business in China's commercial hub of Shanghai on Tuesday, the official Xinhua news agency reported.

The so-called emerging BRICS countries are made up of Brazil, Russia, India, China and South Africa, and their "New Development Bank" has been seen as a challenge to the Washington-based International Monetary Fund and World Bank.

The institution's management was "working on initiation of operations", Xinhua quoted bank president K. V. Kamath, formerly a private banker in India, as saying, including "making business policy" and "developing project preparations".

Operations would begin late this year or early in 2016, he added.

The opening -- announced in a short report -- comes two weeks after a BRICS summit hosted by Russian President Vladimir Putin.

Moscow -- which has suffered huge currency fluctuations and struggled to attract investors since the outbreak of the crisis in Ukraine -- sees the bank and a BRICS currency reserve pool as an alternative to international financial institutions such as the IMF and World Bank, which are dominated by the United States.

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From L: Brazil's President Dilma Rousseff, Indian Prime Minister Narendra Modi, Russia's Pre …
At the time of the summit, Russian Foreign Minister Sergei Lavrov said in a statement that BRICS "illustrates a new polycentric system of international relations" demonstrating the increasing influence of "new centres of power".

The BRICS nations represent 40 percent of the world's population and previously agreed to establish the bank, with estimated capital of $100 billion (90 billion euros).

A Chinese analyst denied the BRICS bank was aimed at challenging other multilateral agencies.

"It's a complement, instead of a challenge, to existing international institutions," Li Daxiao, chief economist of Yingda Securities, told AFP.

The BRICS countries have also agreed to set up a $100-billion reserve fund, aimed at shielding them from short-term liquidity pressure and promoting greater financial cooperation.

"It can help avoid another crisis through establishing a fund pool within the BRICS, which can help cushion instability in the currency market," Li said, referring to the 2008 global economic crisis.

China, the world's second-largest economy, is also leading the setting up of another new multilateral lender, the Asian Infrastructure Infrastructure Bank (AIIB), which will be headquartered in Beijing.

China will be the biggest AIIB shareholder at about 30 percent, according to the legal framework signed late last month by 50 founding member countries.

The United States and Japan -- the world's largest and third-largest economies, respectively -- have declined to join the AIIB.

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[Equation]

I could very well, be mistaken, but in the US, I think PVC is only used for plumbing A/C, etc.

PVC pipping can be used for plumbing of bathroom and kitchen sinks, toilets, floor drainage, and even A/C drainage as well. It can even be used for industrial and main utility system as well depending of there sizes and grade.

 

[SamuraiBlue]

PVC is not fit for piping tap water since the plasticizer will desolve into the water. The main water pipe enbedded within the walls is always steel pipes.

 

[Equation]

PVC is not fit for piping tap water since the plasticizer will desolve into the water. The main water pipe enbedded within the walls is always steel pipes.

Supply water no, but drainage yes. Even supply water pipes made of steal are easily replace without major construction work or renovation needed.