Miscellaneous News

nemo said:

With what money? All G7 governments are on deficit spending. There is one other way of doing it -- using foreign currency reserve. Essentially one loans out excess foreign currency (i.e. USD ) and gain debt obligation or bond that also can serve as reserve -- and you can even demand the obligation to be made out in another currency ( such as RMB ). This is what I suspect China is doing -- instead of financing US, transmutes the excess reserve into RMB denominated instruments. None of the G7 has a sizable reserve except Japan, but US need Japan to prop up USD. Although Germany also has sizable trade surplus, it's in Euro so does not need to keep it in reserve, nor does it need to keep a sizable reserve like Japan. The neat point is that China does not need to budget BRI from the state budget, while G7s do if they want to counter BRI. Note they cannot print money either because inflations everywhere are increasing and there is a limit to how much cash an economy can withstand.

Click to expand...

If you pay for things in USD for other people and demand to be paid back in RMB you will get a medal and thank you note from CPC for helping RMB globalization.

You can't print USD to fund this: the aim of this whole thing is to compete with BRI and it's 3.8 trillion USD worth of infrastructure already built and increasing. If you print USD then there will be inflation and price of everything will increase, including the value of that 3.8 trillion BRI infrastructure. I can give you 40 trillions in ghost money but it wouldn't allow any roads or ports to be built, and in the end it's the physical infrastructures that people are looking for.

Japan's GDP is about 5 trillion, it has 14 trillion in national debt which is already pretty crazy. If we spread out the 40 trillion equally among the seven of them that's 6 trillion each. Can you imagine Japan increasing its national debt from 14 trillion to 20 trillion for this?

Neither the money side nor the supply side supports this 40 trillion dollar plan, which is why the whole thing is so laughable. If they instead said 4 trillion I would actually be slightly worried.

B.I.B. said:

Is it a US-designed nuclear power plant?

Click to expand...

It is a French EPR reactor. These reactors in China are the first of the type to be built anywhere in the world. The French are also building similar reactors in France and Finland and they have been delayed time and time again. The reactor in Finland, in particular, they started construction years before the ones in China and is still not active. They had all sorts of problems including subpar welds. The inspection authorities in Finland kept pushing the contractors to correct these issues and that has delayed the project immensely. To the point the Finns are considering contracting their next nuclear reactor to Russia instead of France.

For what it's worth the French have so far corrected all the issues the Finnish inspectors have found at no extra cost. I doubt they would allow the reactor to operate at unsafe levels if they were aware of it because that basically damages their business reputation.

Temstar said:

If you pay for things in USD for other people and demand to be paid back in RMB you will get a medal and thank you note from CPC for helping RMB globalization.

You can't print USD to fund this: the aim of this whole thing is to compete with BRI and it's 3.8 trillion USD worth of infrastructure already built and increasing. If you print USD then there will be inflation and price of everything will increase, including the value of that 3.8 trillion BRI infrastructure. I can give you 40 trillions in ghost money but it wouldn't allow any roads or ports to be built, and in the end it's the physical infrastructures that people are looking for.

Japan's GDP is about 5 trillion, it has 14 trillion in national debt which is already pretty crazy. If we spread out the 40 trillion equally among the seven of them that's 6 trillion each. Can you imagine Japan increasing its national debt from 14 trillion to 20 trillion for this?

Neither the money side nor the supply side supports this 40 trillion dollar plan, which is why the whole thing is so laughable. If they instead said 4 trillion I would actually be slightly worried.

Click to expand...

Correct me if I am wrong. The wording is "40 trillion dollar gap", and they didn't promise to finance all of it. So it's all talk, and I don't see how they can do it with anything more than token terms.

gelgoog said:

It is a French EPR reactor. These reactors in China are the first of the type to be built anywhere in the world. The French are also building similar reactors in France and Finland and they have been delayed time and time again. The reactor in Finland, in particular, they started construction years before the ones in China and is still not active. They had all sorts of problems including subpar welds. The inspection authorities in Finland kept pushing the contractors to correct these issues and that has delayed the project immensely. To the point the Finns are considering contracting their next nuclear reactor to Russia instead of France.

For what it's worth the French have so far corrected all the issues the Finnish inspectors have found at no extra cost. I doubt they would allow the reactor to operate at unsafe levels if they were aware of it because that basically damages their business reputation.

Click to expand...

Is the power plant being repaired or at least something is being to amend the situation, because I am a bit worried about the situation due to relatives living in the area. The CNN seems to think of this as something of a world breaking event or something

nemo said:

Correct me if I am wrong. The wording is "40 trillion dollar gap", and they didn't promise to finance all of it. So it's all talk, and I don't see how they can do it with anything more than token terms.

Click to expand...

Of course it won't be 40 trillion, as to exactly what excuse they will resort to in the end who cares. Here's another why the biggest infrastructure build up in mankind's history isn't going to happen:

Does this sound like the man who's about to sell an unimaginable amount of iron ore due to that 40 trillion dollar deal? Perhaps Morrison got the inside word on what this deal is actually about.

emblem21 said:

Is the power plant being repaired or at least something is being to amend the situation, because I am a bit worried about the situation due to relatives living in the area. The CNN seems to think of this as something of a world breaking event or something

Click to expand...

By

June 14, 2021 at 3:57 p.m. GMT+9

China’s Taishan Nuclear Power Plant said accusations of dangerous levels of radiation leakage at the facility were untrue, claiming on Sunday that its two reactors “met the requirements of nuclear safety” and were operating normally.

The Taishan plant, a joint venture between China General Nuclear Power Group and Électricité de France, came under scrutiny after on Monday that U.S. officials had spent the last week assessing a warning from its French partner that Chinese safety officials were raising the allowed limits of radiation outside the plant to avoid having to shut the facility down.
“Recently there have been some agencies and media organizations paying attention to and inquiring into the situation at the Taishan Nuclear Power Plant,” the plant said in on its website Sunday evening, before the CNN report was published.

The plant said that the second of its two EPR (Evolutionary Power Reactor) nuclear reactors had completed a planned overhaul, the facility’s first since operations began, and was connected to the power grid on June 10. The plant said the overhaul had met all targets in “safety, security, quality and project time.”
“All operating indicators of the two units have met the requirements of nuclear safety regulations and technical requirements for power plants,” it said.
The plant said it had not detected unusual amounts of radiation inside or outside the plant. “According to continuous monitoring data, environmental indicators at present are within their normal range for both the Taishan plant and its surrounding environment,” the statement said.

emblem21 said:

Is the power plant being repaired or at least something is being to amend the situation, because I am a bit worried about the situation due to relatives living in the area. The CNN seems to think of this as something of a world breaking event or something

Click to expand...

don't worry it is fine .. it is 3rd+ generation nuclear power plant ... safety in 1000s times better

Dolcevita said:

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

By

Please, Log in or Register to view URLs content!

June 14, 2021 at 3:57 p.m. GMT+9

China’s Taishan Nuclear Power Plant said accusations of dangerous levels of radiation leakage at the facility were untrue, claiming on Sunday that its two reactors “met the requirements of nuclear safety” and were operating normally.

The Taishan plant, a joint venture between China General Nuclear Power Group and Électricité de France, came under scrutiny after

Please, Log in or Register to view URLs content!

on Monday that U.S. officials had spent the last week assessing a warning from its French partner that Chinese safety officials were raising the allowed limits of radiation outside the plant to avoid having to shut the facility down.
“Recently there have been some agencies and media organizations paying attention to and inquiring into the situation at the Taishan Nuclear Power Plant,” the plant said in

Please, Log in or Register to view URLs content!

on its website Sunday evening, before the CNN report was published.

The plant said that the second of its two EPR (Evolutionary Power Reactor) nuclear reactors had completed a planned overhaul, the facility’s first since operations began, and was connected to the power grid on June 10. The plant said the overhaul had met all targets in “safety, security, quality and project time.”
“All operating indicators of the two units have met the requirements of nuclear safety regulations and technical requirements for power plants,” it said.
The plant said it had not detected unusual amounts of radiation inside or outside the plant. “According to continuous monitoring data, environmental indicators at present are within their normal range for both the Taishan plant and its surrounding environment,” the statement said.

Click to expand...

so this is yet another attempt by CNN to paint this as yet another end of the world situation when China was simply doing some upgrades that had a bit of a higher chance of radioactivity that is being closely monitored in case. Damn they are seriously scraping the bottom of the barrel. At this point in time I would be lire worried about Japan’s nuclear reactor and the ones in the USA located near the San Andreas fault given the increased earth movement atm to its lately.
If anything did happen, China would simply solve that damn problem like they did with covid, not worry about the noise

Dolcevita said:

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

By

Please, Log in or Register to view URLs content!

June 14, 2021 at 3:57 p.m. GMT+9

China’s Taishan Nuclear Power Plant said accusations of dangerous levels of radiation leakage at the facility were untrue, claiming on Sunday that its two reactors “met the requirements of nuclear safety” and were operating normally.

The Taishan plant, a joint venture between China General Nuclear Power Group and Électricité de France, came under scrutiny after

Please, Log in or Register to view URLs content!

on Monday that U.S. officials had spent the last week assessing a warning from its French partner that Chinese safety officials were raising the allowed limits of radiation outside the plant to avoid having to shut the facility down.
“Recently there have been some agencies and media organizations paying attention to and inquiring into the situation at the Taishan Nuclear Power Plant,” the plant said in

Please, Log in or Register to view URLs content!

on its website Sunday evening, before the CNN report was published.

The plant said that the second of its two EPR (Evolutionary Power Reactor) nuclear reactors had completed a planned overhaul, the facility’s first since operations began, and was connected to the power grid on June 10. The plant said the overhaul had met all targets in “safety, security, quality and project time.”
“All operating indicators of the two units have met the requirements of nuclear safety regulations and technical requirements for power plants,” it said.
The plant said it had not detected unusual amounts of radiation inside or outside the plant. “According to continuous monitoring data, environmental indicators at present are within their normal range for both the Taishan plant and its surrounding environment,” the statement said.

Click to expand...

From the article

Framatome responded to CNN on Friday with this:
Framatome acknowledged the company "is supporting resolution of a performance issue with the Taishan Nuclear Power Plant in Guangdong Province, China."

Click to expand...

This means that they admit there is a "performance issue".

The question is is how severe this "issue" is. Its normal for new nuclear plants to have some small issues when they first start getting used

I doubt that this is as serious as the CNN Fake News Network, says it is. Gen 3 are much more safe than Gen 2 nuclear plants

emblem21 said:

so this is yet another attempt by CNN to paint this as yet another end of the world situation when China was simply doing some upgrades that had a bit of a higher chance of radioactivity that is being closely monitored in case. Damn they are seriously scraping the bottom of the barrel. At this point in time I would be lire worried about Japan’s nuclear reactor and the ones in the USA located near the San Andreas fault given the increased earth movement atm to its lately.
If anything did happen, China would simply solve that damn problem like they did with covid, not worry about the noise

Click to expand...