Chinese Economy: General News, Updates and Discussions

You already dress like them anyway why not make it official.
 
TheAmerican said:
It has already happened.

Xi is skipping BRICS summit for the first time.

China has removed retrictions on exporting rare earth minerals to the USA.
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I must be living in a parallel universe.. All I see is China US at each others throats
 
Ali_Baba said:
Interesting to see Pakistan is dropping given the scheme by Imran to plant so many trees?
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I was surprised at that too. Maybe the scheme has been scrapped or put on hold?
 
TheAmerican said:
It has already happened.

Xi is skipping BRICS summit for the first time.

China has removed retrictions on exporting rare earth minerals to the USA.
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What this got to do with Xi skipping BRICS ? If US really wants to create G2 with China, then with same logic, Trump should also ditch groups such as G7 and QUAD just as Xi is ditching BRICS.
 
AViet said:
China is in different league. It should not be grouped with India, Brazil and Russia, unless a group of alliance (then India is at odd). China is even in different league to the US.
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Prey tell who should china be grouped with please
 
www.juancole.com

Trump never saw a Wind Farm in China, but Beijing has half of all Installed Wind Capacity and will Eat America's Lunch in this Industry

Ann Arbor (Informed Comment) - The dufus-in-chief perorated on Friday once again on wind power, complaining that the components are made in China but that 'I have never seen a wind farm in China. Why is that? Somebody check that out.” His just-passed tax bill eliminates federal incentives for...
www.juancole.com www.juancole.com


“I have never seen a wind farm in China. Why is that? Somebody check that out.”


07/05/2025

Ann Arbor (Informed Comment) – The dufus-in-chief perorated on Friday once again on wind power, complaining that the components are made in China but that “I have never seen a wind farm in China. Why is that? Somebody check that out.” His just-passed tax bill eliminates federal incentives for the industry, ensuring a vast slow-down in its build-out in this country.

Back in the real world, China will have 520 gigawatts of nameplate wind power by the end of this year, more than any other country in the world. China has half the world’s installed wind capacity. Since most contemporary turbines generate 2 to 3 megawatts, that would translate into roughly 190,000 wind turbines. Trump has never seen one because he hasn’t bothered looking, or he has a weird fixation on wind turbines, or because he is telling another of his tens of thousands of lies, or because some fossil fuel billionaire slipped him a fiver to humiliate himself, and the country, this way.

Wind power generates about 13% of China’s electricity in 2025.

The Jiuquan Wind Power Base in Gansu Province is a whole complex of wind farms, with a generation capacity of 10 gigawatts and with plans to expand to 20 gigawatts, at which point it will have 7,000 wind turbines. Twenty gigawatts would provide electricity to 6 million American-style households, or all of Illinois and then some.

China is rapidly becoming expert in combining wind power with large scale battery storage, so that power captured when winds are high can be released when they die down, smoothing out the grid. Over time this technology will allow the actual capacity of wind farms to approach the nameplate capacity.

This wind power capacity allows China to avoid Liquid Natural Gas (LNG) imports for energy generation to the tune of roughly $80 billion a year. In contrast, once the turbines are installed, the fuel (wind) is free.

These savings do not even take into account the reduction in harm to the environment that comes from burning fossil fuels and spewing billions of tons of carbon dioxide into the atmosphere annually, the equivalent of hundreds of thousands of atomic bombs going off daily, heating up the earth and threatening climate breakdown. (You won’t like climate breakdown.)

The economic and trade implications of this incredible rise of a new industry cannot be overestimated. Consider what Energy magazine reported just last year of the German firm Luxcara. It chose MingYang Smart Energy to produce 16 enormous wind turbines, to be installed by 2028, for a project that will supply 400,000 homes with electricity. This is Germany, where MingYang had to win out against Siemens Gamesa and Orsted.

The World Economic Forum points out that “the value of China’s clean technology exports is set to exceed $340 billion in 2035, based on current policy settings.” That is a market Trump has prevented the US from competing in.

When a country specializes in a technology, it achieves breakthroughs and efficiencies that make it an attractive source for imports of the technology by other countries. China already makes 80% of the world’s solar panels. It could end up being the major manufacturer of its wind turbines, too. If the United States isn’t in this game, it can’t compete for a share of those profits. Losing out is what the economists call an opportunity cost.

In contrast, the United States is only expected to have 160 gigawatts of wind by the end of this year, less than a third of what China has. As noted, Trump’s smelly ugly tax bill removes incentives from renewables and bestows extra government subsidies on fossil fuels, which will greatly slow wind power growth over the next three years at least.

The US wind turbine manufacturing sector is led by companies like GE Vernova, Vestas and Siemens Gamesa, which can, all together, assemble 15 gigawatts of wind power each year. The top five US wind manufacturers bring in over $70 billion a year. Over 130,000 US workers are employed in this industry. Trump is trying to kneecap the sector, costing the US tens of thousands of jobs and, you guessed it, incurring massive opportunity costs.

The onshore turbines installed in the US have 58% US-made content. We are behind on offshore turbines, which are only 42% US-made, since the nacelles and blades are imported. The Republican attack on this industry will simply take those numbers down and leave the industry to China and Europe.

China’s wind, solar, water and battery development has been so extensive and so rapid that its emissions are possibly declining this year despite its still heavy dependence on coal (a sector, however, that is rapidly shrinking).

There are other benefits. By 2050, Chinese offshore wind alone (a small part of the total) will prevent 165,000 premature deaths that would otherwise have been caused by the particulate matter burning fossil fuels puts into the air, causing lung cancer and other diseases.

If this misstatement of the facts were just another Trumpism, with no more impact than the farts he let rip when in court on trial for rape, it would be merely puzzling and bizarre. These sorts of stubborn fantasies, however, have turned into national American policy, guaranteeing the steep decline of the United States in the coming century.
 
www.ft.com

China is building 74% of all current solar and wind projects, report says

Beijing is dominating construction of renewable energy sources, according to Global Energy Monitor
www.ft.com www.ft.com

China is building 74% of all current solar and wind projects, report says

Beijing is dominating the construction of renewable energy sources, according to Global Energy Monitor

ftcms%3A2d60dfd7-de40-4159-8ea8-9ca7176836a0

Solar panels and wind turbines at the new Huaneng Binzhou power generation project in China’s eastern Shandong province © AFP via Getty Images

Rachel Millard in London
Published35 MINUTES AGO

Almost three-quarters of all solar and wind power projects being built globally are in China, says a new report that highlights the country’s rapid expansion of renewable energy sources.

China is building 510 gigawatts of utility-scale solar and wind projects, according to data from the Global Energy Monitor, a non-governmental organisation based in San Francisco.

That compares to about 689GW under construction globally, GEM said. A rough rule of thumb is that a gigawatt can potentially supply electricity for about one million homes.

“China is [ . . .] leading the world in global renewable energy build-out,” the report said. “It continues to add solar and wind power at a record pace.”

China’s expansion of clean energy sources is important for efforts to fight climate change, given the country’s dominant role in global manufacturing.

China is responsible for about one-third of global greenhouse gas emissions, but is finalising details of new climate change targets which it says it will announce before this year’s UN Climate Change Conference in Belém, Brazil.

It is continuing to develop new coal-fired power plants. Last year China started building the highest number of new coal power stations in a decade, according to previous GEM research.

But it has also been making a push on renewables, partly to bolster energy security and reduce reliance on fossil fuel imports.

China is expected to add at least 246.5GW of solar and 97.7GW of wind this year, according to figures from the GEM report. The country had 1.5 terawatts of solar and wind power capacity up and running as of the end of March.

Solar and wind accounted for 22.5 per cent of China’s total electricity consumption in the first quarter of 2025, according to the government’s National Energy Administration.

Clean energy drove a quarter of the country’s economic growth last year, according to analysis of government statistics by the Helsinki-based Centre for Research on Energy and Clean Air.

The growth of electric cars and trains in China also means that a growing share of its energy is provided through electricity. Some in the energy industry say it is becoming the world’s first “electrostate”.

Offshore wind accounts for about 28GW of the renewable energy capacity under construction, which GEM said could help decarbonise industrial hubs and megacities along the coasts.

“Though offshore wind represents only a fraction of China’s total wind power capacity, it is gaining traction as coastal provinces pursue ambitious decarbonisation targets,” the report added.
 
Beijingwalker said:

Maher: China Is Like ‘an Evil Empire’, China’s like the new Islam, ‘We Can’t Be Honest About Them Because They’re Not White’​

1 Feb 2025

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On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher stated that China is “kind of an evil empire” and “China’s like the new Islam. We can’t be honest about them because they’re not white.”

Maher stated that China is “kind of an evil empire. And this kind of gets back to the DEI thing, because when you make everything about race, not good. We couldn’t look into the origins of COVID being from the lab — which, now, the CIA, this week, has joined the FBI and many other organizations [in] saying it probably did come from a lab — I said it from the beginning. It’s being studied in this lab where it breaks out, really, we’re going to even wonder about this? Now, maybe it was a bat, but…we couldn’t say that, because The New York Times said to even look into that is racist.”

He continued, “Okay, China’s like the new Islam. We can’t be honest about them because they’re not white. And China, okay, I’m sorry, kids, they do some bad things, China. And we should just recognize that.”

Later on, Maher agreed with writer Max Brooks that Chinese Americans who fled oppression in China will happily be honest about the regime, the same way Muslims who fled Muslim countries will.
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We have report that China has shown occasionally that they may adopt Islam as nation. 🕳️
I find Beijing leading Islam, in behalf of justice seeking countries, would better represent political balance of this world 👍
 

China's power use up 5.4% in June - China.org.cn

China's electricity consumption, a key barometer of economic activity, saw steady expansion in June, official data showed on Monday.
www.china.org.cn

​

China's power use up 5.4% in June​

July 22, 2025

China's electricity consumption, a key barometer of economic activity, saw steady expansion in June, official data showed on Monday.

Power use rose 5.4 percent year on year in June to 867 billion kilowatt-hours, according to the National Energy Administration (NEA).

In June, power consumed by the primary and secondary industries rose 4.9 percent and 3.2 percent year on year to 13.3 billion kilowatt-hours and 548.8 billion kilowatt-hours, respectively, and power consumed by the tertiary sector increased 9 percent year on year to 175.8 billion kilowatt-hours.

The electricity consumption of the country's residents last month totaled 129.1 billion kilowatt-hours -- a year-on-year increase of 10.8 percent.

From January to June, China's total power use climbed 3.7 percent year on year to over 4.84 trillion kilowatt-hours.

In recent days, many regions across the country have been experiencing high temperatures. As a result, China's electricity consumption reached a historic high on July 16, with the national peak load hitting 1.506 billion kilowatts, the first time it has ever exceeded 1.5 billion kilowatts, the NEA data showed.
 
When the US Empire and Trump have victories, bitcoin goes up in value. When the US and Trump are a failure, gold and silver go up. The US wants to make bitcoin into money. Trumpstein is having Epstein problems, bitcoin goes down. The US has the crypto stuff in CONgress, bitcoin goes up in value. The only things that can stop bitcoin is either have maga crash and burn (though half of Democrats are pro-bitcoin) or have China monetize gold and silver and have gold and silver win over bitcoin. The entire trump agenda is to prepare for a bitcoin economy. Any deal with trump is helping trump defeat the global economy and nations.
 
US preparing to go to bitcoin as money in the next 4 years, the success of trump partly determines if Washington imposes bitcoin on the globe:

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Iran War: Trump caught with pants down - China refused to use the Iran War to destroy Trump
Trumpstein Epstein links: Trump caught with pants down - China refuses to use this to destroy Trump

How to destroy Trump - destroy the US currency with a BRICS gold backed currency or a SCO gold backed currency. Or back the yuan with gold and have Chinese bonds and debt payable in a basket of Eurasian currencies at a stabilized value.
 
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