China Economy: News & Discussion

[SexyChineseLady]

R

There is no power outage here in India, like what is happening in China,
So stop this bullshit.

Best Regards

You know that China's energy issues are the results of high economic demand especially from factories right?

China’s power consumption reflects the role of US shoppers too

US consumer demand contributes to factory demand for power in China—and the related emissions.

qz.com

China has more electricity capacity and uses more electricity than anyone else in the world. China has the same population as India but power consumption is five times more because of far greater economic activity.

Primary energy consumption by country 2020 | Statista

China is the largest consumer of primary energy in the world, using some 145.46 exajoules in 2020.

www.statista.com

China	145.46
United States	87.79
India	31.98

And China's energy usage has went up 12% in 2021 from 2020 since July!

China's electricity use hits fresh record, prompting efforts to avert shortages - Global Times

www.globaltimes.cn

Energy prices and shortages occured first in China because it has the largest spike in economic activity.

But what happened in China will impact the rest of the world since China will buy from the global market to meet shortages.

Shortages will hit everyone especially those countries who can't handle the price hikes

 

[indiatester]

You know that China's energy issues are the results of high economic demand especially from factories right?

China’s power consumption reflects the role of US shoppers too

US consumer demand contributes to factory demand for power in China—and the related emissions.

qz.com

China has more electricity capacity and uses more electricity than anyone else in the world. China has the same population as India but power consumption is five times more because of far greater economic activity.

Primary energy consumption by country 2020 | Statista

China is the largest consumer of primary energy in the world, using some 145.46 exajoules in 2020.

www.statista.com

China	145.46
United States	87.79
India	31.98

And China's energy usage has went up 12% in 2021 from 2020 since July!

China's electricity use hits fresh record, prompting efforts to avert shortages - Global Times

www.globaltimes.cn

Energy prices and shortages occured first in China because it has the largest spike in economic activity.

But what happened in China will impact the rest of the world since China will buy from the global market to meet shortages.

Shortages will hit everyone especially those countries who can't handle the price hikes

Sure energy expert.

 

[SexyChineseLady]

Sure energy expert.

It is in the news everywhere You just focused on China because you want to point this out as a bad thing just in China.

But China electricity output is not falling. It just cannot keep up with demand and now it needs to buy from the global market. Because China needs to buy from the global market, it is creating a huge price hike globally.

Gas prices skyrocket as the global energy crisis worsens

The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic.

amp.cnn.com

An energy crisis is gripping the world, with potentially grave consequences

Energy is so hard to come by right now that some provinces in China are rationing electricity, Europeans are paying sky-high prices for liquefied natural gas, power plants in India are on the verge of running out of coal, and the average price of a gallon of regular gasoline in the United States...

finance.yahoo.com

It is happening in India too because coal prices are too high for Indian poweplants to pay.

States Hit By Power Outages As Energy Crisis Starts To Bite

India's energy crisis is starting to bite with states from Uttar Pradesh to Rajasthan and Kerala hit by blackouts over the weekend.

www.ndtv.com

India's coal crisis: 115 out of 135 power plants face shortage

India is on the verge of a power catastrophe, with coal supplies in power plants at an all-time low and states warning of power outages. Across India, states have issued frantic warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are dangerously low.

www.wionews.com

 

[shiphone]

Lol，the reason of so called electricity shortage is not complicated at all...

the sky high current Thermal coal price VS the 'unchanged' Electricity price... so Power Plants are unwilling to generate Electricity.

new price peak of Thermal coal of today...

 

[ezsasa]

Lol，the reason of so called electricity shortage is not complicated at all...

the sky high current Thermal coal price VS the 'unchanged' Electricity price... so Power Plants are unwilling to generate Electricity.

new price peak of Thermal coal of today...

View attachment 114401

and coal prices have risen because there was a disruption in supply. Considerable number of Coal mines are flooded in china.

 

[India Super Power]

It is in the news everywhere You just focused on China because you want to point this out as a bad thing just in China.

But China electricity output is not falling. It just cannot keep up with demand and now it needs to buy from the global market. Because China needs to buy from the global market, it is creating a huge price hike globally.

Gas prices skyrocket as the global energy crisis worsens

The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic.

amp.cnn.com

An energy crisis is gripping the world, with potentially grave consequences

Energy is so hard to come by right now that some provinces in China are rationing electricity, Europeans are paying sky-high prices for liquefied natural gas, power plants in India are on the verge of running out of coal, and the average price of a gallon of regular gasoline in the United States...

finance.yahoo.com

It is happening in India too because coal prices are too high for Indian poweplants to pay.

States Hit By Power Outages As Energy Crisis Starts To Bite

India's energy crisis is starting to bite with states from Uttar Pradesh to Rajasthan and Kerala hit by blackouts over the weekend.

www.ndtv.com

India's coal crisis: 115 out of 135 power plants face shortage

India is on the verge of a power catastrophe, with coal supplies in power plants at an all-time low and states warning of power outages. Across India, states have issued frantic warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are dangerously low.

www.wionews.com

Our coal shortage is due to sudden spike in demand as market opened and economic activities started to rise

 

[shiphone]

and coal prices have risen because there was a disruption in supply. Considerable number of Coal mines are flooded in china.

LOL....the flooding in ShanXi province just happened within this month,few days ago...
and the Thermal coal price has risen since early this September... again, every staple commodity prices have risen sharply recently. you Indian should have more experience about the petrol prices. oh, the Americans printed TOO MUCH moneys. that's why...

the coal supply in China actually is stable, and import proportion is just about 6-7%， but obviously the interest group of coal industry won't miss this... and the government allowed the electricity price floating upward a little bit already.

 

[doreamon]

Hospital power were cutoff without notice . In another incident a steel plant owned by the Liaoning Penghui Casting Corporation (辽阳澎辉铸业公司) suffered a blackout during production. The consequence of this unexpected blackout led to serious accidents, with 23 workers suffering gas poisoning .
Marxist bros are unhappy as powe is provided to capitalists stealing it from the workers .

China: masses living with power shortages | China | Asia

Three northeastern provinces of China have endured weeks of power usage restrictions. This policy is set to continue, and has started to be applied elsewhere, though it remains most severe in the northeast.

www.marxist.com

China debt problem article from wsj

Total sales among China’s 100 largest developers were down by 36% in September from a year earlier, according to data from CRIC, a research unit of property services firm e-House (China) Enterprise Holdings Ltd. It showed that the 10 biggest developers, including China Evergrande, Country Garden Holdings Co. and China Vanke Co. , saw sales down 44% from a year ago.

...


The practice, more common in China than the U.S., means developers are in effect borrowing interest-free from millions of households, making it easier to continue expanding but potentially leaving buyers without finished apartments should the developers fail.

Presales and similar deals were the sector’s biggest funding source this year through August, according to the National Bureau of Statistics of China.

...

The real-estate and construction industries account for a large part of China’s economy. A 2020 paper by researchers Kenneth S. Rogoff and Yuanchen Yang estimated that the industries, broadly construed, accounted for 29% of China’s economic activity, far more than in many other countries. Slower growth in housing could spill into other parts of the economy, affecting consumer spending and employment.

...

The revenue local governments earn by selling land to developers fell by 17.5% in August from a year earlier. Local governments, which are also heavily indebted, count on land sales for much of their revenue.

A further slowdown also would risk exposing banks to more bad loans. Outstanding property loans—primarily mortgages, but also loans to developers—accounted for 27% of China’s total $28.8 trillion in bank loans at the end of June, according to Moody’s Analytics.

...

In 2019, new homes made up more than three-quarters of home sales in China, versus less than 12% in the U.S., according to data cited by Chinese property broker KE Holdings Inc. in a listing prospectus last year.

...

As developers bought more locations to build on, land sales pumped up national growth statistics.

...

The real-estate giants have borrowed not only from banks but also from shadow-banking outfits known as trust companies and from individuals who put their savings into investments called wealth-management products. Abroad, they became a mainstay of international junk-bond markets, offering juicy yields to get deals done.

...

Nomura estimated that as of June, Chinese developers had racked up debts of $5.2 trillion. It said the biggest share, 46%, was in bank loans. Bond markets accounted for about 10%, including the equivalent of $217 billion of dollar bonds, many of them junk-rated.

...

When old-fashioned funding sources like bank loans grew harder to access, developers became more reliant on presales of unfinished apartments. These made up 26% of the debt in Nomura’s tally.

...

Developers have also made more use of other liabilities that, like presales, don’t strictly count as debt, such as borrowing more from business partners by taking longer to pay contractors or suppliers.

https://archive.ph/WZQB7


Of particular concern is some developers’ practice of relying heavily on “presales,” in which buyers pay in advance for still-uncompleted apartments.


China to outlaw all newsoutlet not funded by CCP

China to outlaw all news outlets not funded by Communist Party

Free speech fears over draft law that states privately funded organisations 'shall not engage in news-gathering, editing, and broadcasting'

www.telegraph.co.uk

Flood in shanxi . Several killed , millions effected . 60 coal mines suspended operation . This province produce 1/3rd of coal in china .

Several killed, nearly 2m affected, as China’s Shanxi deluged

Heavy rains in area known for coal mining come amid mounting concern over energy supplies heading into winter.

www.aljazeera.com

 

[SexyChineseLady]

Our coal shortage is due to sudden spike in demand as market opened and economic activities started to rise

China economic spike in 2021 comes on top of an economic spike at the end of 2020

Energy usage surged 12% on top of record exports:

China Trade Surges to New Records on Strong U.S., EU Demand

China’s export growth unexpectedly surged in August as suppliers likely boosted orders ahead of the year-end shopping season.

www.bloombergquint.com

 

[SexyChineseLady]

Forbes on China's box office. China could end up with three of the world's top four grossing films -- leaving Hollywood in second place

Latest blockbuster is a Korean War film about the Choisin Reservoir where Chinese troops sent the US Army and Marines in their longest retreat. It made $655M in 10 days!

‘Battle At Lake Changjin’ Tops $655M As China Presents New Challenges To Hollywood

Almost every pandemic-era Hollywood release that has topped $300 million worldwide needed a boost from China to get there.

www.forbes.com

 

[Tang]

You know that China's energy issues are the results of high economic demand especially from factories right?

China’s power consumption reflects the role of US shoppers too

US consumer demand contributes to factory demand for power in China—and the related emissions.

qz.com

China has more electricity capacity and uses more electricity than anyone else in the world. China has the same population as India but power consumption is five times more because of far greater economic activity.

Primary energy consumption by country 2020 | Statista

China is the largest consumer of primary energy in the world, using some 145.46 exajoules in 2020.

www.statista.com

China	145.46
United States	87.79
India	31.98

And China's energy usage has went up 12% in 2021 from 2020 since July!

China's electricity use hits fresh record, prompting efforts to avert shortages - Global Times

www.globaltimes.cn

Energy prices and shortages occured first in China because it has the largest spike in economic activity.

But what happened in China will impact the rest of the world since China will buy from the global market to meet shortages.

Shortages will hit everyone especially those countries who can't handle the price hikes

If you cannot manage high electricity demand in your country and going for power cuts, then you are not even at the level of a developing country.

 

[SexyChineseLady]

If you cannot manage high electricity demand in your country and going for power cuts, then you are not even at the level of a developing country.

Yes, that's right. China generates the most electricity in the world by a wide margin even over the US and five times that of India (with the same population) but is not even at the level of a developing nation

 

[RoaringTigerHiddenDragon]

You know that China's energy issues are the results of high economic demand especially from factories right?

China’s power consumption reflects the role of US shoppers too

US consumer demand contributes to factory demand for power in China—and the related emissions.

qz.com

China has more electricity capacity and uses more electricity than anyone else in the world. China has the same population as India but power consumption is five times more because of far greater economic activity.

Primary energy consumption by country 2020 | Statista

China is the largest consumer of primary energy in the world, using some 145.46 exajoules in 2020.

www.statista.com

China	145.46
United States	87.79
India	31.98

And China's energy usage has went up 12% in 2021 from 2020 since July!

China's electricity use hits fresh record, prompting efforts to avert shortages - Global Times

www.globaltimes.cn

Energy prices and shortages occured first in China because it has the largest spike in economic activity.

But what happened in China will impact the rest of the world since China will buy from the global market to meet shortages.

Shortages will hit everyone especially those countries who can't handle the price hikes

Yeah...making all those cement and steel for building all these unwanted buildings does take additional power generation. I always go back to Mercer Quality of Living Index. The reality is Chinese cities and urban areas are rated at the same level [maybe slightly higher] than comparable Indian cities. Chinese GDP = urbanize people who dont want to + shaft them with unnecessary real estate. The thing is China is a commodity based economy whereas 80-90% of US stocks' value come from intellectual property. There is a vast gap and given that wealthy Chinese all move to the US or Canada and bring all their moneys there to live and pursue education in high quality. The only ones left behind are the peasants and their overlords - Xitler and gang; and all the peasants are waiting to get wealthier so they can get out too. A country where you cannot get unadulterated baby milk is NOT to be taken seriously. China is like Africa - just use it for cheap goods and commodities, and move on.

 

[Tang]

Yes, that's right. China generates the most electricity in the world by a wide margin even over the US and five times that of India (with the same population) but is not even at the level of a developing nation

Looks like you have problem in reading and understanding English lang.

I have said if china cannot manage electricity generation and distribution and have to do blackout to save energy, which is happening in China btw., Then it is not even at the level of developing country.

You can call your country whatever, even if you are experiencing blackouts for hours, then that's your call then

 

[SexyChineseLady]

China's exports grew 28% in September!

China exports up 28% in September; surplus with US at $42B

BEIJING (AP) — China’s import and export growth slowed in September amid shipping bottlenecks and other disruptions combined with coronavirus outbreaks, according to customs data reported Wednesday.

www.ottumwacourier.com

China’s Exports Surge to Record as Demand Outweighs Power Crisis

(Bloomberg) -- China’s exports surged to a new monthly record in September as strong demand ahead of year-end holidays and rising prices outweighed the effect of power shortages across the country.Most Read from BloombergHow France Turned the Humble Roundabout Into a Showcase for ArtWhat the...

finance.yahoo.com

China Sept trade surplus with the United States at $42 billion

BEIJING - China's trade surplus with the United States stood at $42 billion in September, Reuters calculations based on Chinese customs data showed on Wednesday, up from $37.68 billion in August.

www.todayonline.com

 

[SexyChineseLady]

China's trade with India will break $100B this year. It is growing at a record breaking pace!

India’s trade with China set to exceed $100 billion in 2021

Trade hits $90 bn after Q3, up almost 30% from 2019 levels

www.thehindu.com

 

[SexyChineseLady]

You can call your country whatever, even if you are experiencing blackouts for hours, then that's your call then

It is call precedented growth in trade and exports that exceeds expectations and planning

 

[SexyChineseLady]

China's energy problem is actually the result of a booming economy -- which is why they felt confident enough to go after tech companies, the real estate industry (Evergrande) and many others from education to entertainment with regulations.

"Strong economic growth in China translated into high demand for electricity. In January-August 2021, China's total electricity output and thermal power generation reached absolute historical records."

In August, electricity output was twice as high as 2018 and almost three times as much as 2019 -- pre-pandemic years! China is producing unprecedented amount of energy and still can't keep up with demand because China is facing one of the greatest manufacturing spikes in history.

 

[Tang]

It is call precedented growth in trade and exports that exceeds expectations and planning

It is called mismanagement as simple as that, it is very easy to ramp up electricity production, if you have source material, but looks like in china you don't have that.

There is a reason electricity generation plants run on various capacity, so that if the demand peaks, you are better utilise the plant. But looks like the Chinese are stupid that they don't know these or you are lying?
So you decide.

 

[SexyChineseLady]

China has the largest electricity capacity and production in the world and on top of that it is outputing energy at a historic highs even for China! The economy and the export orders are just running too hot. Even the most efficient companies like Apple sometimes run out of stock!

But China will solve its problem with money

It is importimg from the global market and pushing up prices. Some countries might not be able to afford the new prices though

China coal imports surge, prices hit record

Flooding worsened supply outlook, electricity shortages and rationing expected to continue

www.thejakartapost.com