Chinese Economy: General News, Updates and Discussions

[Beijingwalker]

Huajiang Gorge Bridge – The World’s Tallest and Longest Mountain Bridge Ever Built!​

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[Viet]

That’s very impressive.
China as building monster
do chinese drivers have to pay a fee to cross the bridge?
I did pay a fee when crossing the SF bridge I remembered.

 

[Beijingwalker]

This bridge will beat the current world record holder, just a little bit down stream, the Beipan bridge.

Beipan bridge, the left end of the Bridge is Yunnan province, the right end of the bridge is Guizhou province.

 

[Beijingwalker]

Guizhou is the only province which doesn't have flat land in China, tons of bridges have to be built to connect this province, that's why in China, Guizhou province is known and nicknamed as the "museum of bridges".

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[Beijingwalker]

Guizhou is the only province which doesn't have flat land in China, tons of bridges have to be built to connect this province, that's why in China, Guizhou province is known and nicknamed as the "museum of bridges".

 

[Beijingwalker]

 

[Beijingwalker]

Guizhou province, for centuries being labelled as " the poorest province in China", starts to pick up with greatly improved accessibility and overall infrastructure buildup.

" Museum of Bridges", Guizhou province

 

[Beijingwalker]

" Museum of Bridges", Guizhou province

 

[Beijingwalker]

Guizhou Water Highway​

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[Beijingwalker]

Colorful Guizhou, Build an F5G All Optical Highway in the New Era​

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[Beijingwalker]

China’s economy expands 5.4% YoY in Q1 2025 vs. 5.1% expected​

NEWS | 04/16/2025 02:01:26 GMT | By Dhwani Mehta

China’s economy expanded at an annual rate of 5.4% in the first quarter (Q1) of 2025, at the same pace seen in the final quarter of last year, the official data published by the National Bureau of Statistics (NBS) showed on Wednesday. Data beat the market forecast of 5.1% in the reported period.

On a quarterly basis, the Chinese Gross Domestic Product (GDP) rate rose 1.2% in Q1 2025 after advancing 1.6% in the previous quarter, missing the anticipated 1.4% print.

China’s annual March Retail Sales jumped by 5.9% vs. 4.2% expected and 4% prior, while Industrial Production came in at 7.7% vs. 5.6% estimate and February’s 5.9%.

Meanwhile, the Fixed Asset Investment advanced 4.2% year-to-date (YTD) year-over-year (YoY) in March vs 4.1% expected and 4.1% previous.

AUD/USD reaction to China’s data dump​

China’s GDP and activity data offers additional boost to the Australian Dollar, as the AUD/USD pair retakes 0.6350. At the time of writing, AUD/USD is trades 0.10% higher on the day.

 

[Beijingwalker]

China now accounts for 64% of world’s renewable energy output​

China now accounts for two thirds of all renewable power generation and as the cost of renwable generating capacity tumbles 87% of all capital expenditure on renewables in 2024 was made in the Global South. / bne IntelliNews

By Arnaud Bertrand in Switzerland April 25, 2025

According to the latest report by the International Renewable Energy Agency (IRENA), an extraordinary 64%—nearly two-thirds—of all renewable energy capacity added globally in 2024 was installed in China.

At this point, China is almost single-handedly driving the global energy transition.

For comparison, the United States—still the world’s second-largest emitter of CO₂—was responsible for just 7% of new renewable capacity in 2024, and now accounts for only 9% of total global renewable energy, compared to China’s 41%. This gap is likely to widen further under a potential second Trump administration, given his continued dismissal of climate change as a “hoax.”

Even if one shares such scepticism, these numbers should provoke serious reflection.

Why is China investing so heavily in renewable energy? It’s not out of ideology or “wokeness.” There are several strategic reasons behind this effort.

First, China’s leadership recognises the global perception advantage. Even if some in the West question climate change, 86% of the world’s population believes it is a real and urgent issue, according to Our World in Data (OWID). From their perspective, China is positioning itself as a responsible global power—particularly in contrast to the US.

Second, economics play a major role. Solar power is now significantly cheaper than electricity generated from fossil fuels. According to IRENA, global solar PV costs in 2023 were 56% lower than fossil fuel and nuclear options. Onshore wind is even more competitive, with costs now 67% lower than fossil-fuel-based alternatives.

Most importantly, there’s a long-term strategic calculus at play. Imagine a future where countries like the US persist with fossil-fuel-based economies while China dominates clean energy production. Those holding on to legacy systems will be at a disadvantage—paying premium prices for increasingly expensive fossil fuels while China benefits from near-zero marginal energy costs.

Beyond price, China also secures energy independence and positions itself for technological and industrial leadership in the dominant energy systems of the future.

Here’s another striking statistic: in 2024, 87% of capital expenditure on electricity generation in the Global South was directed toward renewables.

This places China in a dominant position as a supplier of energy infrastructure to the region that will drive 85% of global electricity demand growth over the coming years, according to the International Energy Agency (IEA).

This region is home to the vast majority of humanity—where billions are gaining access to reliable electricity for the first time.

Belief in climate change is not required to see the strategic and economic significance of China’s approach—or the risk of ideological opposition to renewable development in countries choosing a different path.

 

[ST1976]

Singapore spends as much as South Korea?

During my recent trips to Taiwan, Japan and Vietnam, Koreans are everywhere. I felt they are even more prevalent than the Chinese.

@Beijingwalker
We would have list in PPP term as in my post#3 & 4. What you think?

 

[Beijingwalker]

Nearly half of the world’s 100 tallest bridges are in this Chinese province. Now it’s building one to top them all​

Maureen O'Hare, CNN
Sat, 26 April 2025 at 11:00 pm GMT+9

Huajiang Grand Canyon Bridge in China’s Guizhou province is set to become the world's tallest bridge. - Qu Honglun/China News Service/Getty Images

Number ones​

Taller, higher, larger, bigger: This week we bring you a roundup of new record-breaking projects and endeavors around the world.

The world’s tallest bridge will open in China’s Guizhou province this June, a mountainous region that is already home to nearly half of the world’s top 100 tallest bridges.

The Huajiang Grand Canyon Bridge stands 2,051 feet (625 meters) above river level, which is 947 feet taller than France’s Millau Viaduct, the current bridge title holder.

China says its new bridge will reduce travel time over the canyon from two hours to one minute.

Nearly half of the world’s 100 tallest bridges are in this Chinese province. Now it’s building one to top them all

In travel news this week: the world’s smallest park, Spain’s greatest food, plus North Americans who started new lives in Mexico and Germany.

uk.style.yahoo.com

 

[Bengal71]

Great work! I wouldn't drive or walk on it even you paid me. Too scared of height.