Chinese Economics Thread


eprash

New Member
Registered Member
The next five year plan is coming up soon. Xinhua news explains the process and what is is about.
In the West, the economic plans are largely driven by election cycles.

Mods, How can i add this to the 14th Five year plan thread
 

eprash

New Member
Registered Member
Link for the thread
 

cbl21

Junior Member
Registered Member
I don't think Yakuza is an agent, just a newbie (it's okay we're quite friendly ;) ).

That said, I don't think Western agents would frequent such an obscure forum like this, especially one that publishes unverified information. And after all, most of us are simply laymen interested in China's rise.
 

Gatekeeper

Major
Registered Member
I don't think Yakuza is an agent, just a newbie (it's okay we're quite friendly ;) ).

That said, I don't think Western agents would frequent such an obscure forum like this, especially one that publishes unverified information. And after all, most of us are simply laymen interested in China's rise.
Exactly, as I posted earlier. I think he's just finding his way around.
 

Hendrik_2000

Brigadier
China found replacement for Australian coal just across the border I think this is a better choice and at the same time help neighbor overcoming their economic hardship
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China’s ban on Australian coal causes surge in imports from Mongolia, but difficulties remain
  • Beijing’s ban on Australian coal has resulted in increasing imports from Mongolia, meaning the country could retake its position as China’s top supplier
  • But Chinese users could bear brunt of the Australian ban due to higher costs for alternati
  • ves, transport difficulties and a drop in quality

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Published: 6:30am, 28 Oct, 2020

Trucks carrying coal from Mongolia on route to the border with China in Khanbogd Soum in the Gobi desert. Photo: Reuters

Chinese steel mills and power stations have started buying more coal from Mongolia after Beijing imposed a
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, but price, quality and logistical difficulties mean it will not be easy for some users to make the switch.

While politics might have played a role in the decision to shut off Australian coking and thermal coal, the practical difficulties in doing without it may force a rethink of the ban over time, analysts said.
Coal from Mongolia, which borders China to the north, is the most obvious replacement for Australian coal, particularly due to the inability of suppliers located further away – such as the United States, Russia and Canada – to meet a short-term increase in demand, S&P Global Platts said in a recent update.
 

Hendrik_2000

Brigadier
Should import more from Indonesia.
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China did import coal from Indonesia but not large amount
I think Indonesian coal is lignite only good for power but of lower heating value
Indonesia is one of the world's largest producers and exporters of coal. Since 2005, when it overtook Australia, the country is the leading exporter in terms of thermal coal. A significant portion of its exported thermal coal consists of the medium-quality type (between 5100 and 6100 cal/gram) and the low-quality type (below 5100 cal/gram) for which large demand originates from China and India. According to information presented by Indonesia's Ministry of Energy and Mineral Resources, Indonesian coal reserves are estimated to last around 83 years if the current rate of production is to be continued.

Regarding global coal reserves, Indonesia currently ranks 9th, containing roughly 2.2 percent of total proven global coal reserves according to the most recent BP Statistical Review of World Energy. Around 60 percent of Indonesia's total coal reserves consists of the cheaper lower quality (sub-bituminous) coal that contains less than 6100 cal/gram.
 
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