Chinese Economics Thread

[PiSigma]

Shale gas in China . The problem China is water short country and fracking need a lot of water plus all kind brew that could seep into ground water and nobody know the health effect of petroleum laced water

Another news China will finish the second pipeline to Russia from Mohe close to Russian border to Daqing the oil hub of northern China
via mr unknown

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Crude oil to flow in China-Russia partnership
in Oil & Companies News 13/09/2017

China is set to annually import 30 million tons of crude oil from Russia starting next year, through two transmission pipelines between the two countries, according to Hu Weijun, chief engineer of Jiagedaqi section of the project on Tuesday.

The project is an attempt to help ensure China’s energy diversification.

“Chinese workers will finish construction on the infrastructure for the major line of China’s second Sino-Russian crude oil transmission pipeline by the end of September,” Hu said.

The project, with a length of 941.8 kilometers and built from Mohe County to Daqing, Heilongjiang province, has the capacity to transmit 15 million tons of crude oil annually.

“Workers began construction in last August, 2016, and dealt with many difficulties in the past 14 months,” Hu said.

“From October, repeated tests on the main line of this project should be conducted before it is put into service in the beginning of 2018.

“The biggest problem was the bitter cold – in this area as low as -40 C.”

Petroleum laced water in the industry will be recycled endlessly. I don't think shale have much potential, mostly because it is very capital intensive, but it got short production cycles.

-40c.... I have worked in -52c weather in Norman Wells north west territories, that doesn't even include windchill.

 

[taxiya]

Really beyond me somebody would pay US$16.5 for 1L of NZ milk .. heck
you could get the best 2L NZ milk locally for ~NZ$3.00 or roughly US$2.1 or about US$1 a litre

It's sort of fetish of many Chinese, even today, same as the old "foreign moon is rounder than Chinese moon", or the new one by the infamous Chinese student Yang shupin

"democratic air is sweeter than Chinese air". There are always some rich idiotic Chinese. 人傻钱多。

 

[solarz]

It's sort of fetish of many Chinese, even today, same as the old "foreign moon is rounder than Chinese moon", or the new one by the infamous Chinese student Yang shupin "democratic air is sweeter than Chinese air". There are always some rich idiotic Chinese. 人傻钱多。

I remember when my parents first came to Canada, back in 1989, this kind of talk was par for the course. There were always some who were willing to sell out the dignity of their homeland for some quick benefit.

What is different now is that back then, the other Chinese students kept quiet. Nowadays, they are speaking out.

I remember when my wife (then girlfriend) was doing an internship (read: free labor) at this Chinese immigration lawyer office, and they had these shady FLG ties. They would help Chinese illegal immigrants claim refugee status by claiming they belonged to the FLG and experienced persecution in China. They would even coach them on what to say at the hearings.

I didn't really mind. We Chinese are masters at exploiting loopholes. It's not our fault the Canadian government had (and still has) such idiotic refugee policies. More Chinese in the country, however they get here, is always good in my books!

 

[Hendrik_2000]

Petroleum laced water in the industry will be recycled endlessly. I don't think shale have much potential, mostly because it is very capital intensive, but it got short production cycles.

-40c.... I have worked in -52c weather in Norman Wells north west territories, that doesn't even include windchill.

From little that I know about fracking. It involve injecting high pressure water with chemical addition to crack the ground and thus allowing the gas to seep thru the crack and eventually to the surface. So the hydraulic water will stay there and could potentially seep into the ground water along with other gas

I do agree it is not economical though recently the cost of exploration has come down .But the limited run make it expensive The fracking boom is bubble caused by easy wall street money.Most of those fracking company are deep in the hock

But for china it can be justified for isolated places far away from the gas line grid except that they have to solve the water thing. It also depend at the location of gas bearing strata Some are close to surface
Flaming water due to fracking

Fracking process

 

[PiSigma]

From little that I know about fracking. It involve injecting high pressure water with chemical addition to crack the ground and thus allowing the gas to seep thru the crack and eventually to the surface. So the hydraulic water will stay there and could potentially seep into the ground water along with other gas

I do agree it is not economical though recently the cost of exploration has come down .But the limited run make it expensive The fracking boom is bubble caused by easy wall street money.Most of those fracking company are deep in the hock

But for china it can be justified for isolated places far away from the gas line grid except that they have to solve the water thing
Flaming water due to fracking

Fracking process

Most of the water used for fracking will get pumped up with the oil and then separated on the surface and reinjected. The entire process is very easy to design, only complex part is the cocktail of chemicals being used (all are industry secrets). The ground water problem is after fracking, the ground system may connect with the new cracks in the shale, so the 10% water and whatever hydrocarbon that didn't have a path to ground water now do. That is how the pollution happens. If the geoscientist is competent, and the company is moral ( I know, two giant ifs) then the frack depth should be away from any ground water reservoirs.

BTW, ur YouTube video is highly misleading.

 

[Jura The idiot]

Dec 29, 2016

Remember how a while ago, western media were all saying China's liberalization of its family-planning policy was too little too late, and how Chinese people don't want to have more children anymore?

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LOL in the meantime I used google to find something obvious which was until recently the number of births had been kept (approximately) constant:

(comes from

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which was my top-one google-search hit, that's why I used this despite that "Exclusive content" part which just stayed there, so I put the 2015 figure on ... let's wait and see in, say, 2020)

an update (16.55 + 1.31 = 17.86) inside
China Footprint: Why are couples opting not to have a second child?
2017-09-14 21:03 GMT+8

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It’s a common scene now on the streets of Chinese cities where a pregnant woman manages a toddler, which is extremely common in other countries but quite new in China. The Chinese government implemented the Second-Child Policy in 2015, aiming to boost the birth rate.

Chen Wei, professor of demography at Renmin University of China, believes that the Second-Child Policy will not have a big influence on China's future population trend in the long term as Chinese women's fertility intention has radically changed.

In this case, despite the number of newborns increasing by 1.31 million in 2016, the result was still below expectations. According to Chen, there are mainly two reasons to explain why many couples are choosing not to have a second child.

Economic burden

Having a child means spending both on education and medical care. Many parents invest heavily on the education of their child. In addition to that, they also pay for extracurricular activities like painting, calligraphy, and learning to play the piano.

Childcare time

Work-family imbalance has always been a major issue for a family. Parents need to work, but also need lots of time to take care of their children.

Although the increase of population was below expectations, we have no doubt that the new second-child policy will help tackle problems like labor shortage and aging population, but effects will not show until after a few decades.

If all goes according to plan, the new policy is expected to add more than 30 million people to China’s working-age population by 2050.

Data show that 17.86 million babies were born in China in 2016, about 1.31 million more than the previous year. Health officials say that these numbers will pick up in the coming years. And then there’s the issue of the places to take care of the children and, of course, better education.

Allowing people to have a second child might not be enough. The key here might be finding enough incentives for them to do that.

 

[N00813]

Strong Chinese Solar Market Expected To Push Global Demand Past 100 Gigawatts In 2017
September 15th, 2017 by

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China’s solar industry continues to beat out expectations, and new analysis published this week suggests that continued strong demand for solar throughout 2017 will help push global demand over the 100 gigawatt mark for the first time.

At the beginning of each year, experts put their thinking caps on to predict just how much solar will be installed for the coming year — and invariably conclude that China will lead the way. However, it seems that analysts are always underselling Chinese ambition.

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, China installed a whopping 34 gigawatts (GW) worth of solar well up on expectations and 126% up on the year previous. China continued its strong performance into the beginning of 2017, installing 7.21 GW in

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, before shattering that by installing 17 GW in

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. In total, for the first half of 2017, China installed 17.29 GW worth of utility-scale solar and 7.11 GW worth of distributed solar.

New analysis published this week by EnergyTrend, a division of TrendForce, predicts that China’s solar demand is so strong this year that it will push the total global demand across the 100 GW mark for the first time ever — increasing by 26% over 2016. More specifically, EnergyTrend predicts that China will install a mammoth 48 GW in 2017, nearly half of all global demand, and has already reached 39 GW over the first eight months of the year.

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“Going forward, the Chinese market during this year’s remaining four months will be influenced by the completion of projects related to the second phase of the Top Runner Program and the first phase of the PV Poverty Alleviation Project,”

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. “At the same time, the market is also being affected by rumors that the Chinese government will cut feed-in tariff (FIT) rates for distributed PV systems at the start of 2018. This prospect will likely trigger another wave of urgency to complete installations in the short term.”

EnergyTrend predicts that China will install around 22 GW worth of distributed solar, with the remainder presumably being made up by utility-scale. All in all, by year’s end, China’s cumulative solar capacity should reach 125.42 GW — not bad, considering that in 2014 its cumulative capacity sat at 28 GW.

Stepping back to look at global figures, then, the next closest installer will likely be the United States, with predicted annual demand of 12.5 GW — down 15%, thanks in large part to the

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which has created significant uncertainty. This will not only impact 2017 figures but seriously threatens solar demand during 2018 for the US.

India will now finally work its way into third spot, overtaking Japan, with 10 GW and 6.8 GW respectively.

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[delft]

At the low price for wind and solar electricity it is worth while to invest a lot in storage while still remaining below the costs of coal and gas fuelled electricity production.

 

[AndrewS]

At the low price for wind and solar electricity it is worth while to invest a lot in storage while still remaining below the costs of coal and gas fuelled electricity production.

Currently, this is only profitable in a few areas. But the costs are coming down rapidly

 

[delft]

Will it be worthwhile to own a car if you can have a car drive to your house, be transported by it and see it drive off to transport someone else. Cars will be driving themselves. You can then reduce weight and costs and energy usage for cars used in cities by providing them with energy and guidance from antennae in the roads. This also removes the time needed to reload batteries.