In 2021 China was about the same as US+EU. Considering declining manufacturing in the west and increasing in China, they should overtake US+EU+Japan around 2023Manufacturing output by country in 2018
Even in 2018, China was by far and away the largest manufacturing power. I am curious to see how this has changed.
By now, I'd imagine China is significantly larger than US + Japan + Germany.
I think in 2021 China is the equal of US + EU + Japan.
Does anyone have the data for 2021?
Chinese Economics Thread
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China CNOOC taps shale oil in South China Sea exploration well
SINGAPORE : China's CNOOC Ltd has tapped commercial flows of oil and gas from a shale exploration well in the South China Sea, marking the first successfully drilled shale oil well offshore China, state media reported on Thursday.
Exploration well Weiye-1, sunk at the southwestern trough of Beibuwan basin in South China Sea, tested daily production of 20 cubic metres (126 barrels) of oil and 1,589 cubic metres of natural gas, Shanghai Securities Journal reported.
The whole Beibuwan basin could hold about 1.2 billion tonnenes of prospective shale oil resource, the report added.
CNOOC Ltd's press department did not immediately respond to a request for comment.
Under a central government call to boost domestic energy supply security, national oil companies are making greater efforts to tap shale deposits despite their geological challenges and higher cost.
By late 2021 China produced only 35,000 barrels per day (bpd) of shale oil - extracted from shale rocks and is more complex and expensive to produce than conventional crude - mostly in onshore northern Ordos basin and northwestern Jungar basin.
That equates to less than 1 per cent of its total oil output.
"Mounting economic challenges, disturbing lack of new ideas and policy flexibility" aren't he and his cohorts describing all western countries including Japan that have all posted dramatic drop in their GDP with the U.S. once again posting -0.9% economic performance for the 2nd quarter somehow beats China's 1st quarter 4.8% and then 2nd quarter figure of +0.4% with inflation under control compared to the U.S. 40 year high inflation?
If the required flexibility demanded by these ideologues is for China to do away the very policy that has allowed itself to post better economic results (despite all the challenges and the hand wringing from the usual critics expectations ) would achieve the same, if not worst results economically. Never understood this logic. The west and typical China critics ought to really look themselves in the mirror to see their own errors before trying to point out at China's supposed deficiencies. Geez
An automated gantry crane loads containers on self-driving trucks at a terminal in the port of Nansha in Guangzhou, Guangdong province, on Thursday, when the fully automated terminal began operations. (Photo by Qiu Quanlin/China Daily)
A fully automated terminal, the first of its kind built in the Guangdong-Hong Kong-Macao Greater Bay Area, began operations on Thursday at Nansha port in Guangzhou, capital of Guangdong province.
This is part of the fourth phase of the modernization of Nansha port, combining multimodal services related to sea, river and railway transportation in the area, according to Guangzhou Port Group.
Operation of the terminal will help inject momentum into the implementation of an overall plan to promote comprehensive cooperation among Guangdong, Hong Kong and Macao, the company said.
Development of a joint shipping and logistics trade center and construction of a world-class port cluster in the Greater Bay Area has become part of that plan, which was issued in June by the State Council, China's Cabinet.
The fourth phase of the port is the first fully automated container terminal built by domestic scientific and technological enterprises and institutions. It includes four 100,000 metric-ton berths and their supporting container barge berths.
Construction of the new terminal began in late 2018, having integrated advanced technologies such as Beidou navigation, 5G communications, artificial intelligence and autonomous vehicles.
The terminal adopts a new generation of automated container terminal technology by using new machines from automation equipment hardware to information systems. The new machinery led to the filing of more than 60 patents, including 31 classified as invention patents, according to the company.
"The terminal, which features smart and independent operations and low-carbon emissions, has contributed to the promotion of automated wharf technology," said Li Yibo, Party secretary and chairman of Guangzhou Port Group.
After starting operations, the new terminal will be integrated with the Nansha port's other terminals to form a specialized and large-scale terminal cluster, helping to greatly improve the port's handling capacity, according to Li.
The new terminal has a designed annual throughput capacity of 4.9 million twenty-foot equivalent units, the company said. The annual container throughput of the entire Nansha port is expected to exceed 24 million twenty-foot equivalent units. Twenty-foot equivalent is the unit used by the industry to measure the cargo capacity of a ship or a port.
"It will help enhance the function of the international comprehensive transportation hub and provide strong support for Nansha to build itself into a major strategic high-level shipping and logistics platform in the Greater Bay Area, in coordination with Hong Kong and Macao," Li said during a ceremony marking the launch of the service at the new terminal on Thursday.
The terminal has also become a green environmental protection demonstration project in the port industry, as it achieves zero emissions following the use of technologies such as new generation of Internet of Things sensing, big data analysis, artificial intelligence and other advanced technologies, said Lionel Ni, president of the Hong Kong University of Science and Technology.
"It will provide exemplary solutions for the automation upgrading and transformation of traditional terminals in the world," Ni said.
The university has teamed up with the port company and other domestic research and equipment enterprises to incorporate new technologies into construction of the smart terminal, which includes driverless intelligent guided vehicles and a low-speed automatic rail crane, said Ni.
According to CNOOC, China's first offshore shale oil/gas well started pumping out crude oil and natural gas in production scale. This well is located in southwestern Gulf of Tonkin (北部湾). It has a stable daily production rate of 20 cubic meters of crude oil and 1589 cubic meters of natural gas. [Interestingly this is the first time I saw crude production measured in cubic meters.]
This shale oil field alone is estimated to have a reserve of 800 million tons of crude oil. The whole Gulf of Tonkin could have 1.2 billion tons in total.
Who's that drunk looking guy? Yo! @zhangjim is that you? His comments and criticism of Xi, the party, economy, society are sort of aligned with what you've said on this forum.