Chinese Economics Thread

krautmeister

krautmeister

Junior Member
Registered Member
Red Flag River Project also known as the Hongqi River Project

Cost was estimated at around 4 trillion RMB in 2020 but it was dismissed as a big understatement.

 
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K

KYli

Brigadier
voyager1 said:
Btw do you know how the SOE profits are managed?

Do they have to pay a percentage of it to the gov (plus taxes), or do they keep all of it for future investments?
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Mostly dividends payout for the government and shareholders. Lately, many state owned companies shares are transferred to Chinese social security system to pay for healthcare, pension, and unemployment benefits etc.
 
PiSigma

PiSigma

"the engineer"
krautmeister said:
Red Flag River Project also known as the Hongqi River Project

Cost was estimated at around 4 trillion RMB in 2020 but it was dismissed as a big understatement.

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It's a dumb project and doesn't solve any water problems.

What is the timeline for this project? When will this project finish construction? When will this project pay off? How long is this project expect to last? The answer is probably hundreds of years for payback.

None of those questions will matter once the water runs out in Tibet. If those glaciers all melt, there is no source water and you end up with a dry trench costing trillions.
 
W

weig2000

Captain
A mini-documentary on the Red Flag River project. It provides more background and context, with many color comments. Unfortunately, it's in Chinese.

Chinese culture has some obsession with mega projects and infrastructure, from the Great Wall over 2,000 years ago, to the Grand Canal over 1,000 years ago. Currently, the biggest infrastructure project under construction is the Sichuan-Tibet high-speed rail project, which is budgeted at 400 billion yuan and is scheduled to complete by 2030.

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T

Tyler

Captain
Registered Member
krautmeister said:
The mining ban in China is a huge boon for every other miner in the world because the reduced global hashrate now makes it easier to mine for us with less. China represented over half the world's mining. So, unless the price of the coin you are mining dropped by that ratio, it is a net positive for miners. The only possible drawback is that the most energy intensive coins like Bitcoin will lose their speculative appeal. So, now we have to mine and sell earlier because of the increased risk of this collapsing like it did many times in the past.
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It looks like China is losing billions as they are banning bitcoin.
 
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