Chinese Economics Thread

quantumlight

quantumlight

Junior Member
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KYli said:
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Whole lot easier? The author is naive... Bitcoin difficulty rate self adjusts... yes hashing gets exponentially harder as it approaches limits to 21 million max coins, but when there are fewer miners the difficulty also gets slightly easier until it encourages more miners and reaches back to equilibrium... there is upper cap to amount of bitcoins that can be mined in a period of time regardless of how many miners... water always settles at its own level

Energy is energy, just because its economically cheaper in China doesnt make it entropically less expensive... good thing China ban it, basically it was trading the economic parity or arbitrage of coal costs to subsidize US AI, EV and chip development at China's expense

Bitcoin is the biggest con scam since perhaps the Petrodollar
 
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manqiangrexue

manqiangrexue

Brigadier
Orthan said:
caixin article about tianjin finances. How can they garantee that more SOE´s wont default without having to prop up companies? Seems to me that for SOE´s in china to default in the first place, really shows that they have now too much debt, and that the chinese financial system as a whole is becoming more creaky.

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Too much debt? That's ok; China will use the many countries of the West and Japan as canaries in the coal mine. When they collapse with their higher debt, China will know it's time to ease up. Before then the creaking you say you hear is just the engine roaring to growth.
 
PiSigma

PiSigma

"the engineer"
krautmeister said:
The Yarlung Tsangpo is a major river BEFORE it ever enters Arunachal Pradesh. That's why the power output of the hydroelectric dams they are building on that river are in the Gigawatt range and the final dam at the great bend will even produce ~60GW. That final dam is still way high up in the mountains on the China side of the border. You can't produce that much power no matter how high the dams are without having HUGE water flow. That water isn't from melt water, it's from rain water. Some parts of that river basin actually have the highest precipitation in all of China. East of Lhasa past Nyingchi the precipitation fluctuates between 2000mm-3000mm annually. Once the Yarlung Tsangpo rounds the great bend heading south towards Arunachal Pradesh, the river picks most of the rest of the rain water it will receive before it exits into the Assam Plain to become the Brahmaputra River. It's not from glacier melt, it's almost all rain water.
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Check the dam, it's the head of water giving it power, not the flow!
 
steel21

steel21

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KYli said:
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Unlikely.

Xinjiang cotton is perhaps 75% of Chinese cotton demands.

Given that global demands is up based on COVID recovery, but global supply is down due to COVID, there is a chance China needs to import more cotton to churn out more export textile good. However, this is likely a measures to acquiesce US sanctions based on bullshit lies.

Supply will always lag demand. Production cannot be "re-offshore" as quickly, especially since India is likely to be mired in COVID for a while.
 
Hendrik_2000

Hendrik_2000

Lieutenant General
I thought this new line will be open the end of the year but I guess I am wrong. this line has been in construction for years and form Lhasa part of the western section of Sichuan-Tibet railway. I guess it is open to traffic and not to public big difference.
The line is also strategic corridor roughly paralleling India- China border

Lhasa-Nyingchi Railway open to traffic 拉林铁路6月25日开通​



1624576211686.png

 
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