Chinese Economics Thread

B.I.B.

Captain
Christchurch never consumed large amount of coal .... it is true the air is a bit smoggy like somewhat Beijing in Winter. They used (still do) wood fireplace for heating and quite bad in Winter ... FYI .. there is no LNG network in South Island in NZ

I disagree,households use coal as well as wood. Being close to the West coast, it would make sense to burn coal. All my Christchurch friends alternated between wood and coal. Coal was cheaper.
and even after the earthquake, new buildings are going to be coal heated which pisses off my greeny friends

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"A decision to heat Christchurch Hospital's new acute services building with coal is a "bitter pill to swallow", the region's medical officer of health says.

Alistair Humphrey said it was a shame the Canterbury District Health Board (CDHB) – the South Island's largest employer – could not afford to set the example for energy use that it wanted others to follow.

"It's a bitter pill to swallow . . . we can't afford to be clean," he said.

The DHB approved the continued use of coal for two boilers to heat the hospital, including the new acute services building scheduled to open in 2018, at a meeting closed to the public in March.

Approval was also granted to build a new boilerhouse to replace the one damaged in the earthquakes and to switch from using steam to "medium hot water" for heating.

The public was excluded as cost estimates for the new boilerhouse were included in the reports, ahead of the tendering process.

Humphrey said sustainability and climate change were very important to anyone involved in the health field but cost imperatives had to be considered.

"We recognise that a coal fired burner is not a healthy way to generate heat but obviously the board, in a governance role, have to consider other factors such as cost."

In 2013/14, the Christchurch Hospital boiler house burned 8658 tonnes of coal, which produced an estimated 16,000 tonnes of carbon dioxide (Co2) emissions.

CDHB chief executive David Meates said there was a lot of misinformation about coal. Wood produced more sulphur dioxide, which was most dangerous to health, he said.......".

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"Modern coal burners are very efficient and also the modern filtration plants that sit around that are actually designed to be environmentally friendly."

The decision was fully consented and supported by detailed analysis from "a range of experts", Meates said.

The two boilers, purchased as part of an upgrade in 2011, could operate on coal or a wood chip fuel.

As the two boilers were only three years old, it would have needed a very strong economic argument to replace them completely, he said.

Using wood-chip would require four truck and trailer loads to be delivered to the busy hospital site a day, compared to one delivery every second day for coal.
 
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antiterror13

Brigadier
I'm surprised Kenya's standard gauge railroad cost four times more than original estimates. Communist Party of China-owned enterprises have lots of experience building RR all over the world, and while some cost overruns aren't unusual, the 4x overrun stands out and beckons closer examination.

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the key is huge corruption in the project .. I'd bet some of the officials now become millionaires
 

Blackstone

Brigadier
This spec is probably change to accommodate the environment protest concerning the railway was passing thru the national park So the initial estimate doesn't take that into account.
Just out of curiosity, in your rush to make the best possible excuse for China's railroad SoEs, did you even consider issues like mistakes, low balling, or corruption as possibilities for 4x cost overruns?


You cannot trust BBC because they are so anti China and do everything to criticize or put China in bad light
You can't take any news media at face value, but I trust the BBC and other Free Press far more than government-controlled "news" outlets.
 

manqiangrexue

Brigadier
Just out of curiosity, in your rush to make the best possible excuse for China's railroad SoEs, did you even consider issues like mistakes, low balling, or corruption as possibilities for 4x cost overruns?.

So that's what it comes down to when you can't hear what you want to hear, eh? LOL Hendrik did a really good job explaining why something like could happen in the industry. I learned a lot. You were quite civil with all the questions, trying to drive others to answer with what you wanted hear, that the Chinese probably made grievous mistakes and operated in a corrupt way. You were probably chuckling and rubbing your hands together waiting for others to "inevitably" fall into the conclusion that you wanted them to and admit that to you with their tails between their legs. Then Hendrik parried your trap completely and offered a knowledgeable, logical, and reasonable answer, coupled with an example (evidence) without going anywhere near where you wanted him to. You obviously didn't like that so you called them excuses. So now you've got nothing left but to say it yourself; to answer your own question cus you couldn't get other people to answer what you wanted to hear... tsk tsk tsk

Hey, if corruption and incompetence is the only thing you'll take, I'm good with it. The Chinese overran the cost this time by 4X. The Bay Bridge example experienced a 26X cost overrun. I guess that means that Americans are 6.5X more corrupt and incompetent than the Chinese by your standards.

Show me the evidence that these overruns were caused by Chinese miscalculations and corruption, Stoney.
 
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Blackstone

Brigadier
China is the only big country in the world with a global economic strategy and the policies to support it.

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While Detroit—the city that put the world on wheels—celebrates the completion of 3.3 miles of rail, the Q-Line, taking riders from the riverfront in downtown Detroit to Mid-Town, China is interconnecting the entire country with high speed rail lines and investing nearly a trillion dollars in connecting the world.

Just a few short weeks ago – unnoticed by many Americans – there were more foreign dignitaries and leaders gathered in China than at any time there since the 2008 Beijing Olympic Games. They assembled to hear Chinese President Xi Jinping unleash his "One Belt, One Road" Initiative. The goal? To boost Chinese influence by investing and strengthening infrastructure and trade links with the rest of the world.

21st Century Connectivity
China has pledged to connect Central Asia with Southeast Asia – reminiscent of the ancient Silk Road – while also connecting the Middle East and Africa with a massive infrastructure project set to surpass America’s Marshall Plan that rebuilt Europe after World War ll. This bold plan is part of President Xi's attempt to rein in the global leadership mantle that is slipping away from the U.S.

Many see China expanding its soft power in developing future markets for its goods and services. China’s official Xinhua News Agency proclaims that China’s Belt and Road initiative “aims at achieving the common development of all countries rather than seeking spheres of political influence.”

The New York Times reported that President Xi is aiming to use China’s wealth and industrial know-how to create a new kind of globalization that will dispense with the rules of the aging Western-dominated institutions. "The goal is to refashion the global economic order, drawing countries, and companies more tightly into China’s orbit."
In their book, Wealth and Power: China’s Long March To The Twenty-First Century, old China hands, Orville Schell and John Dulury brilliantly walk us through “how a nation, after a long and painful period of dynastic decline, intellectual upheaval, foreign occupation, civil war, and revolution, manage to burst forth onto the world stage with such an impressive run of hyper-development and wealth creation, culminating in the extraordinary dynamism of China today.”
Things have taken a miraculous turn for the better since that century of humiliation – a period of both Japanese and Western intervention 1839 and 1949 when China was subjugated to Western rule.

Wealth and Power
If Mao Zedong could come back for a day he would see what the leaders and the people of China accomplished since the Communist takeover on October 1, 1949, when he stood at the gates of Tiananmen Square, proclaiming the founding of The People’s Republic of China. It is said Mao emphasized, "China has stood up." With massive wealth and a rising military, China has indeed stood up longer than many scholars thought possible.

Today, Xi Jinping is presiding over a nation with fuqiang or "wealth and power," after decades of following the failures of Mao's revolution and Deng Xiapong's warning to, "keep a cool head and maintain a low profile. Never take the lead - but aim to do something big."
Clearly, the Belt and Road Initiative which engages sixty nations is "something big."

McKinsey, a global consulting company, calls the Belt and Road initiative with its modern network of railways, roads, pipelines, and utility grids a modern day Silk Road that comprises more than physical connections. "It aims to create the world’s largest platform for economic cooperation, including policy coordination, trade and financing collaboration, and social and cultural cooperation." All the while, America, with its re-found isolationism, sits on the sidelines.

Few in the U.S. remember that China held the title of the world’s largest economy during eighteen of the last twenty centuries. Clearly the Chinese are not content to remain the factory for the world. On multiple planes, the Chinese are striving and succeeding in reclaiming their status as a cultured, educated, innovative nation. Many expect China to re-capture the world's largest economy title within a decade. In fact, some would argue China has already passed this milestone.

The Chinese are coming also coming to Detroit. Alibaba Group, the Amazon of China, will inaugurate its effort to empower U.S. small businesses, entrepreneurs and farmers to sell to 1.4 billion Chinese consumers at “Gateway 17,” a small business summit that will be held at Cobo Hall in Detroit, Michigan on June 20-21.
Our leaders at the national, state and local level need to find ways to assure China's continued rise does not come at our demise, and to figure out ways to influence and take advantage of China’s plans to integrate more into the global economy.
The ancient Chinese philosopher, Confucius, reminds us: “He who learns but does not think, is lost. He who thinks but does not learn is in great danger.”

We need to rebuild the U.S. while staying connected to the world.
Despite President Trump's assertion, building Great Walls and becoming isolationists in a global economy, where ideas and jobs can and do move around the globe instantaneously, will not "Make America Great Again."
 
cool looking:
9A4si.jpg

I can't link the picture directly; it comes from the photo-gallery pretty high on a major Czech news-server right now:
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OK now I see Nadal's win is one post above it (on the top is Mrs. May :)

I believe it's in
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but didn't find quickly using google anything more ... anyone?
 

antiterror13

Brigadier
That's how I see it too; corruption from government and corporation officials in both countries drove a lot of the cost overruns.

welll .... @Blackstone put the same corruption level for China and Kenya is a bit surprising and bias that come from you who have been to China and Keya or any African countries

China is the "seller" and Kenya is the "buyer" for that project ... so normally the "buyer" (Kenya) would get/demand a kick back.

There is of course corruption in China .. so in the US as well
 
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