Chinese Economics Thread


Hendrik_2000

Lieutenant General
Gas is cleaner fuel compare to coal and China slowly make the transition to Gas. But it still need to complete the infrastructure of Gas like pipeline, pumping station and storage Here is a good news they just completed large Gas storage in Northern China It will even out gas distribution

North China's Largest Natural Gas Storage Cluster Put into Operation​

State-owned China Petroleum and Chemical Corp, or Sinopec, put into operation its north China's largest natural gas storage cluster with the Zhongyuan Oilfield's gas depot Wei 11 entered service on Monday.
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Hendrik_2000

Lieutenant General
Western media make a big fuzz over energy shortage in China But it is more to do with effort to meet environmental emission limit They can relax the rule and boosted the coal production with no problem which they do Here it is

China's leading coal-producing province of Shaanxi is stepping up efforts to ensure the key demand for electricity and coal supplies can be met through the critical winter months and into next spring. The northwestern province is working to deliver 39 million tons of coal in the fourth quarter of 2021 as the country braces for colder temperatures and greater energy needs. As one of the leading companies, the Shaanxi Coal and Chemical Industry Group (Shanmei Group) has been tasked with the mission of providing 12.85 million tons of coal, accounting for nearly 33 percent of the whole province's output capacity. With annual output capacity totaling around 70 million tons, the Northern Shaanxi Mining Co., Ltd. under the Shanmei Group's has sought to optimize its production process from all perspectives to meet this vital task in the months ahead. To ensure smooth transportation of the all-important supply, traffic police have been arranged to monitor the key roads connecting coal mines with other cities. Officers have been dispatched along an important stretch of the No.337 national highway in Shaanxi, which has a daily capacity of between 5,000 to 8,000 vehicles. In recent days, over 30,000 trucks loaded with newly-produced coal have been able to pass through this route, with police guiding drivers to get through quickly.

 

Overbom

Captain
Registered Member
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However, in internal debates, the feedback to his property-tax plan from both the party’s elites and its rank-and-file members has been overwhelmingly negative, say the people familiar with the deliberations.
I always call out Western propaganda but I fear that the above quote is true. There are too many entrenched interests and groups which would resist against property taxes

I mean, lets be real, who would be courageous enough to agree on setting up a new tax which would seriously affect them?

Just say the real reason:
“So many people, including party members, own more than one property,” said one of the people familiar with the deliberations. “The tax proposal is becoming a potential social-stability issue.”


An initial proposal to test-run the tax in some 30 cities has been scaled back to just around 10. Officials are still haggling over how to set the tax rate for the pilot initiative and whether to offer discounts and exemption areas. A new law aimed at advancing the tax across the country likely won’t be finalized until around 2025, the last year of the current five-year development plan, the people said.
At least, Xi has won this round even if he had to compromise. Maybe by next year, things would change for the better
 

Overbom

Captain
Registered Member
It's true. Why else would China not have tried to fix their financial stability mess earlier before it caused 4.9% growth?

Looks like China's system doesn't resolve principal-agent issues well. -\_( worlds smallest violin)_/-

Hey, there's going to be a property tax after the entire economy has imploded from systematic financial stability risk in China
Stop using my serious posts for your concern trollings. I post for serious discussion, not to have you trolling the discussion
 
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It's true. Why else would China not have tried to fix their financial stability mess earlier before it caused 4.9% growth?
4.9% is from China being responsible during COVID, and still getting a result that the US would gleefully trip all over itself on if it could get it in normal growth even without COVID.
Looks like China's system doesn't resolve principal-agent issues well. -\_( worlds smallest violin)_/-
Far better than a US that manipulates its people to hate each other because democrats and republicans want each other's heads on a pike.
Hey, there's going to be a property tax after the entire economy has imploded from systematic financial stability risk in China
Oh, really? And what would be the Gordon Chang wannabe date on that?
 

ILikeChina

Junior Member
Registered Member
I am against property tax. There are other things we can do to make property cheap for poor people. For example half of the land goes for rent(or Singapore style apartments) , and SOE or other developers can build that kind of flats. Why should I pay for living in my flat till I die? I want to retire earlier and I don't have to worry about money for flat in Poland because we don't have property taxes and we are free compare to American slaves which have to pay their ridiculous amount of 1-2% for their own flat every year.

"Stand up! Those who refuse to be slaves!"

That's right. Property value tax is a slave contract. Stand up and fight for freedom. Poland, China, who else? we can count on the fingers on one hand the countries where there are no slaves. Fight!


@asta delete account sleepy.
 

Overbom

Captain
Registered Member
I am against property tax. There are other things we can do to make property cheap for poor people. For example half of the land goes for rent(or Singapore style apartments) , and SOE or other developers can build that kind of flats.
You raise good points. Infact, the article had a quote about a proposal for the SOEs building cheap housing. These 2 models you mentioned could be a solution for the housing problem


Why should I pay for living in my flat till I die? I want to retire earlier and I don't have to worry about money for flat in Poland because we don't have property taxes and we are free compare to American slaves which have to pay their ridiculous amount of 1-2% for their own flat every year.
Valid reasons, and I understand you.

However, something needs to be done so that the local governments can somehow cover the "lost" revenues from the unsustainable land sales. So, either way, taxes will be raised. Now if its property or other kind of tax, thats debatable

Whats your proposal on how to cover this financial hole?
 

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