Chinese Economics Thread

gelgoog

Brigadier
Registered Member
Why did China financed this? shouldn't it be better to have these strategic energy sources produced at home?
Yes I know that gas is plenty in Russia and low in China but it still rubs me in the wrong way
Anyway, at least this will draw Russia further into China's orbit. What can I say, you lose some, you win some

AFAIK they didn't. It is owned by Russia's Gazprom and being built by contractors from all over the place.
For example there are construction companies from Turkey working on that site.
The natural gas is mined in Russia and they have a contract to sell methane to China via Power of Siberia pipeline not helium.
Without this facility the helium would just go along with the methane and vent into the atmosphere when the natural gas got burned.

It costs many years and billions of dollars to build this facility. Most countries don't bother recovering helium from natural gas to this degree.

Right now the main supplier of helium gas worldwide is the USA. This production facility once complete will make Russia one of the main worldwide suppliers of helium.

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This facility when complete will produce 60 million cubic meters per year of helium which is about the same amount the entire USA produces in one year. This will only be in full operation in a couple of years once all production trains are operational.
 
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KenC

Junior Member
Registered Member
*Joe's infrastructure plan.
According to this guy, China is now willing to live with higher price increases since it can't control the price.
China manufacturers will then just pass on the price increase to the whole world.
This has the overall effect of inducing higher inflation in the US and impact Biden's infrastructure plan.
China is also affected, but it can live with higher inflation / interest rate, so it seems.

(English subtitle available)
 

ansy1968

Brigadier
Registered Member
According to this guy, China is now willing to live with higher price increases since it can't control the price.
China manufacturers will then just pass on the price increase to the whole world.
This has the overall effect of inducing higher inflation in the US and impact Biden's infrastructure plan.
China is also affected, but it can live with higher inflation / interest rate, so it seems.

(English subtitle available)
@KenC China goldilocks moment? perfect time for China rein in those pandemic stimulus measures and start raising rates?
 

BoraTas

Captain
Registered Member
Why did China financed this? shouldn't it be better to have these strategic energy sources produced at home?

Yes I know that gas is plenty in Russia and low in China but it still rubs me in the wrong way

Anyway, at least this will draw Russia further into China's orbit. What can I say, you lose some, you win some
Walled gardens don't work. China probably knows this better than any other country.
 

LesAdieux

Junior Member
According to this guy, China is now willing to live with higher price increases since it can't control the price.
China manufacturers will then just pass on the price increase to the whole world.
This has the overall effect of inducing higher inflation in the US and impact Biden's infrastructure plan.
China is also affected, but it can live with higher inflation / interest rate, so it seems.

(English subtitle available)

趁你病,要你命。

I floated an idea like that a couple of months ago. inflation is the place to hit, the bank is about to burst. hike exchange rate, levy heavy export tariff...

the west has gone all out to undermine China, China can pay back in kind.
 
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