Yes, but if the Fed Govt has prohibited the use of Chinese made equipment in certain areas, why would they let them bid for Fed projects? Heck. new schools and offices might be implanted with bugs.
American Economics Thread
- Thread starter Bernard
- Start date
dam this just in time global economy.
I think plastics inventories were just low because of the surge in goods consumption due to the pandemic.
And it's not just in time if PVC exports are loaded onto a container ship and then exported to Asia via the Panama Canal.
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I also ran the numbers for PVC.
The US only accounts for roughly 15%-20% of global PVC production.
So if 61% of US capacity is offline and there are shortages, this will mostly affect manufacturing in the USA.
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I'd be legit thrilled with this. It'd be a phenomenal act of working together.
Haha awesome timing for us, since our plastics plant will get commissioned end of the year lol. They are building a sister plant in Huizhou, should mean more of these in the pipe line if the prices hold up
Haha awesome timing for us, since our plastics plant will get commissioned end of the year lol. They are building a sister plant in Huizhou, should mean more of these in the pipe line if the prices hold up
In 2019, I can see that China accounted for 42% of global PVC capacity.
And that there are significant capacity expansions planned in China due to increasing demand in any case.
So I don't think higher prices now makes any difference.
PVC is just one plastic. More money in olefins like polyethylene or monoethylene glycol. That is why China is still building those coal gasification units in Inner Mongolia. But when you gasify coal, shifting it to methanol and then turning it to Olefin, the feedstock is still gonna be hell of alot more expensive than taking straight natural gas and steam cracking it, not to mention water consumption...
Breaking!
Also includes 180 billion dollars to R&D => trouble for China
And 300 billion dollars for manufacturing subsidies => trouble for China
If this is passed then the ball is on China's court. Xi said for so long that China want to speak to the US as an equal, so Biden is now taking the challenge directly.
Lets see if China instead in addition to talk the talk it can finally walk the walk
Very impressive plan. Spread over 10 years, and this will not be simple printing (again) but it will be covered by corporate taxes.
Also includes 180 billion dollars to R&D => trouble for China
And 300 billion dollars for manufacturing subsidies => trouble for China
If this is passed then the ball is on China's court. Xi said for so long that China want to speak to the US as an equal, so Biden is now taking the challenge directly.
Lets see if China instead in addition to talk the talk it can finally walk the walk
manqiangrexue
Brigadier
No plan in the US lasts 10 years with Democrats and Republicans at each other's throats. The timeline itself shows me the delusion.
18B a year for R&D and 30B a year for manufacturing? In American hands that blow up the bill for every little thing? I don't see the threat. This is all he could muster against China's present advantages and momentum? It looks all for show.
China needs no reaction to this; it is a poor reaction to China's success. China just needs to keep moving ahead as it always does. This is just a little noise on the side.
China's been walking the walk for decades, which is how it went from a country on India's level to one that can catch the US in a panic and make them scramble to put together a thing like this just to look mildly credible to whomever still wants to believe that the old lion can hold on to his reign.