Ask trump supporters, they say the same thing about him and why they like him too. "Say it like it is" they say.. It's not no bs but just bs so bold and so large that you only see the 1 pixel of that bs right in front of you and it looks like the truth.
@@yeahboi7562 It's more complex. The central government takes most of local tax and allocate it nationwide. Local governments support their own projects mainly by the income from property trading. When property went down in 2023, local governments can't sustain. The conference meeting last weekend is about how to restart local property market and rebuild a local finance system which leads higher consumer confidence. (Chinese consumers do have money, they just stop consumption due to an uncertain future under wrong policies). The additional debt for "bailouts" is just one part of it. The stress to central government is not financial, but political instead.
The funny thing is even if China grows by 3% per year until 2030 it will still contribute 128 USD TRILLION dollars to global GDP.......India only 6 Trillion...not even close 🤣🤣🤣
China 🇨🇳 has been a money-printing machine on overdrive. During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times. - It has printed more money than the US and Japan combined, while its economy is only half of them. - Current Chinese debt-to-gdp is already *highest in the world, at 300%,* according to Bloomberg. - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
You forget to mention, that China actually grew 1000 times faster then US for the last 40 years 😂 and that it produces everything for the world, whereas the US only consumes and produces nothing useful for the humanity....besides wars....chaos...
Hey Chang, every time I see you I come up with something new to take a jab at your same Ctrl C Ctrl V BS. The way you're repeating yourself, I'm almost out of bubble gum.
China's recent barrage of stimulus won't solve its structural issues: - property bust, - deflation threat, or - long-term demographic problem. It may only help short-term goals.
-property bust is great news. The majority benefits with lower housing prices. -deflation? The government can lower interest rate to ease the cost of borrowing. Inflation is what most economies should be worried about. High cost of living generates pressure on wage growth, which reduces profitability and export competitiveness. Japanese has had deflation for 30 years that made cost of living bearable despite stable wages. It is recent inflation which erodes people’s purchasing power. -demographic decline is a problem facing many countries, not only China. In 2100, China’s population will still be more than double the size of USA. Meanwhile, half of the world’s industrial robots are now being deployed in China.
Imagine thinking that having 800 million people by 2050 is a bad thing lol.😂😂 They should probably Import engineers and doctors from certain places like Europe to save their Economy.🤣
I like someone who explains things simply. That means no bs
If you know the whole story, you know it's all bs
Ask trump supporters, they say the same thing about him and why they like him too. "Say it like it is" they say.. It's not no bs but just bs so bold and so large that you only see the 1 pixel of that bs right in front of you and it looks like the truth.
And ideally would be, if he or she would just say - buy this! And then take the responsibility. This would be really good! 😂🎉
“Corruption is RAMPANT in China!” -Victor Gao, August 2024 in front of a live international audience.
You’re welcome 😉
@@mikestewart4752 Not really. Death Penalty in China! But political or other career in US without corruption...Not possible! ;)
Thanks, great insights and analysis. 👍🏼
What asset to manage the huge toxic ones ?
He tells the truth, any GDP number could be achieve, lol...
He find the Key. Actually many people known that. Gov accept the key until Sep 2024. 2 years late. Whatever resolve problem ASAP.
Great advice spoken ,please don’t take him investigated next time 😅
Nice!
It's a bailout. 10% of gdp in debt outstanding? It's not a stimulus, they are rescuing their asses.
Of course, i belive your theory.😊
@@saellenx3528
“Corruption is RAMPANT in China!” -Victor Gao, August 2024 in front of a live international audience. Don’t be fooled.
@@mikestewart4752 I belive you as well. Lets pretend like your officials dont do inside trading and are not embezzled in a lot of shaddy stuff.
"No financial stress"
..but also "Local governments can't pay debt, delay payments"
There are 2 tiers of financial system: central government and local government.
@@GavinQuan So essentially it's a bailout then is it not? No shame, no "face lost".. US Fed does their fair share of bailouts
Central government has no stress. Local governments have.
@@yeahboi7562 It's more complex. The central government takes most of local tax and allocate it nationwide. Local governments support their own projects mainly by the income from property trading. When property went down in 2023, local governments can't sustain. The conference meeting last weekend is about how to restart local property market and rebuild a local finance system which leads higher consumer confidence. (Chinese consumers do have money, they just stop consumption due to an uncertain future under wrong policies). The additional debt for "bailouts" is just one part of it. The stress to central government is not financial, but political instead.
Yes, pay salaries first!
Any fiscal stimulus runs the risk of corruption and inflation. Hardest part is finding lasting value in money spent.
Investing in the CCP never made sense to me.
Local government spends 41% of gdp? lol, that’s bonkers
What a mess…
Lets hope we dont see another crash this week. CCP's silly antics towards Taiwan again is pathetic.
The funny thing is even if China grows by 3% per year until 2030 it will still contribute 128 USD TRILLION dollars to global GDP.......India only 6 Trillion...not even close 🤣🤣🤣
Their economy is in free fall😂 this is a bailout
Apparently u don't know what free fall looks like.
Leslie chow is on Bloomberg and I hadn’t noticed before
😱😱😱😂😂😂❤❤❤WOW GOD BLESS CHINA AND PRESIDENT XI
Why does david ingles look like leslie chow from hangover
😂
为什么在戈壁沙漠进行大规模可再生能源投资比提振股市更加可持续
随着中国追求可持续发展，在戈壁沙漠进行大规模的太阳能、风能和沙电池等可再生能源项目投资，提供了长期的稳定性和能源安全。与短期提振股市相比，这一战略减少了对进口石油的依赖，减少了碳排放，并有助于缓解如沙尘暴等环境灾害，同时还能带来显著的经济回报。本文将探讨为什么这种投资优于依赖金融市场，包括可再生能源与煤炭、石油成本的比较，以及沙电池如何能够革新能源存储。
1. 能源安全：减少对石油进口的依赖
中国目前对进口石油的依赖使其容易受到全球价格波动和地缘政治紧张局势的影响。转向戈壁沙漠的风能和太阳能等可再生能源可以缓解这种依赖，确保更稳定、安全的国内能源供应。可再生能源为中国的能源需求提供了可持续、长期的解决方案，减少了与化石燃料进口相关的风险。
此外，沙电池技术--一种前沿的能源储存方式--的结合，将确保可再生能源产生的多余能源得到有效储存。沙电池将电能转化为热能，储存在温度高达600°C的沙子中，然后在需要时将其重新转化为电力。由于戈壁沙漠拥有广袤的沙资源，这种方案非常适合该地区，提供了存储大量能源的潜力，确保即使在太阳能或风能不足的时期也能保持稳定的能源供应。
2. 成本比较：风能和太阳能与煤炭和石油
可再生能源正迅速变得比传统能源如煤炭和石油更具成本效益。根据最近的研究，太阳能和风能的成本大幅下降，使其在许多地区与化石燃料相比更具竞争力。
• 太阳能：截至2022年，中国大型太阳能发电的平准化电力成本（LCOE）为每兆瓦时（MWh）20至30美元，而煤炭发电的成本约为每兆瓦时60至70美元。太阳能电池板曾经价格高昂，但由于技术进步和制造成本下降，如今已变得更为便宜。此外，太阳能发电系统的维护成本远低于煤炭发电厂。
• 风能：中国陆上风能的LCOE通常为每兆瓦时30至40美元，而石油发电的成本则可达每兆瓦时70至100美元。风力涡轮机的安装和运营成本现在更低，尤其是在像戈壁沙漠这样的理想风力条件下，风力涡轮机可以持续产生能源。
• 煤炭和石油：化石燃料仍然是一种长期来看更昂贵且不可持续的能源。与煤炭发电厂相关的环境和健康成本，加上全球石油价格的波动，使煤炭和石油成为越来越有风险的投资。此外，煤炭和石油发电厂面临更高的运营和燃料成本，以及污染控制技术的成本。
3. 长期经济利益：可再生能源作为增长引擎
投资可再生能源，如戈壁沙漠的太阳能和风能电场，将通过创造成千上万的建设、运营和维护工作岗位来刺激当地经济。这比通过股市进行的短期刺激更加可持续，因为股市泡沫可能带来不稳定和风险。
可再生能源还减少了与石油进口相关的成本，降低了中国的贸易赤字压力。通过安装沙电池来储存过剩的能源，增强电网的稳定性，使中国能够在不依赖大量燃料进口的情况下保持能源供应稳定。这为更加具有韧性和多元化的经济奠定了基础。
4. 环境可持续性：减少碳排放和沙尘暴
戈壁沙漠的可再生能源潜力巨大，大规模的太阳能和风能项目可以显著减少碳排放，推进中国在2060年实现碳中和的目标。风力涡轮机和太阳能电池板提供了不产生空气污染的清洁能源，与燃煤电厂形成鲜明对比。
此外，风力涡轮机可以在减少沙尘暴的严重性方面发挥重要作用，这是中国北方的一个常见问题，每年造成数十亿美元的损失。通过减缓风速，风力涡轮机可以充当风障，减少沙尘暴的频率和强度，从而帮助保护农业、基础设施和公共健康。
5. 沙电池：一种环保的储能方案
沙电池是一种相对较新的大规模能源储存技术。与依赖稀有金属的锂离子电池不同，沙电池使用丰富的无毒材料--主要是沙子。这些电池可以存储大量热能，并在需要时将其转化为电力。
沙电池的工作原理：
• 利用太阳能或风能发电的多余电力加热沙子。
• 沙子以500-600°C的温度保留热量。
• 这种储存的热能可以通过热交换系统在需要时转化为电力。
沙电池可以持续几十年，减少了更换的需求，最大限度地减少了电子废物。由于戈壁沙漠拥有广泛的沙资源，这些电池特别适合大规模储能，提供了一种成本效益高的可再生能源储存方式。
6. 金融稳定：避免股市投机风险
依赖短期股市收益来刺激经济可能导致泡沫、波动和金融不稳定。相比之下，可再生能源投资提供了更可预测的长期经济回报。太阳能、风能和储能技术提供了持续的、可持续的增长，为中国提供了更稳定的经济基础。
7. 风力涡轮机与沙尘暴的减缓
戈壁沙漠因其严酷的沙尘暴而闻名，这对中国北方的农作物、基础设施和公共健康造成了严重破坏。这些风暴每年造成数十亿美元的损失。有趣的是，风力涡轮机可以帮助减缓这些风暴。通过减缓风速，风力涡轮机可以充当缓冲，降低这些风暴的强度和频率，每年可以为中国节省数十亿美元的修复成本。
8. 利用戈壁沙漠的自然资源
戈壁沙漠因其广阔的土地、充足的阳光和强风，成为可再生能源项目的理想之地。此外，其丰富的沙资源为开发大规模沙电池储能提供了理想条件。通过充分利用这些自然资源，中国可以构建一个可持续、自给自足的能源系统，减少碳排放，增强能源安全。
结论
与短期股市投机相比，在戈壁沙漠进行大规模的可再生能源投资--包括太阳能、风能和沙电池技术--在长期可持续性和金融稳定性方面提供了更大的优势。随着风能和太阳能现在比煤炭和石油更具成本效益，可再生能源不仅是一个明智的经济投资，也是减少碳排放的关键战略。此外，风力涡轮机可以帮助减轻沙尘暴的频率和严重性，保护中国北方免受每年数十亿美元的损失。通过充分利用戈壁沙漠的自然资源，中国可以确立其在全球清洁能源领域的领先地位，确保长期繁荣、稳定和环境可持续性。
如果中国在戈壁沙漠投资1万亿美元用于可再生能源项目，潜在的利益将是巨大的，既体现在电力输出方面，也体现在就业创造方面。
电力输出
1万亿美元的可再生能源投资可以产生大量的清洁能源。根据当前的太阳能和风能项目成本，可以做出以下估算：
• 太阳能：大型太阳能项目的安装成本大约为每兆瓦（MW）100万美元。通过1万亿美元的投资，中国可以建设约1000吉瓦（GW）的太阳能装机容量。作为参考，1吉瓦的太阳能发电能力大约可以为75万家庭提供电力，这意味着这项投资可以为约7.5亿家庭提供电力，或者大幅度减少中国的工业电力需求。
• 风能：陆上风电项目的成本大约为每兆瓦150万美元。1万亿美元的投资可以资助大约667吉瓦的风电容量。这将进一步多样化中国的能源结构，产生额外的清洁能源，并减少对化石燃料的依赖。
总的来说，这些项目每年可以生产约2000太瓦时（TWh）的电力，这大约可以满足中国当前40%的电力需求，对中国的能源安全和碳减排目标产生重大影响。
高薪就业机会
1万亿美元的可再生能源投资还将创造大量的就业机会，特别是在建筑、制造、运营和维护等领域。可再生能源行业由于需要技术技能，通常提供高薪工作。
• 建筑工作：建设太阳能和风电场这样大规模的项目可能会在建设期间创造500万到700万个工作岗位。这包括工程、项目管理，以及电工和重型机械操作员等技术工人。
• 制造工作：投资的很大一部分将用于制造太阳能电池板、风力涡轮机和其他基础设施。这将支持200万到300万个高薪制造业工作的创造，这些职位包括技术人员、工程师和技术工人。
• 运营和维护工作：一旦这些可再生能源项目投入运行，它们将需要持续的维护和管理。这可能会导致100万到200万个长期的高薪工作出现在能源行业。
总体而言，这1万亿美元的投资可能会创造出1000万到1200万个工作岗位，其中许多将出现在像戈壁沙漠这样的农村地区，为不那么发达的地区提供经济发展。而且，许多这些工作都是高薪的技术职位，涵盖了工程、建筑和技术领域。
通过投资于可再生能源，而不是股市，中国不仅能够保障自己的能源未来，还将促进全国范围内的经济增长，并创造出数百万个高薪工作岗位。
确实，有远见，在西方前车之鉴下，我国选择了创新协调绿色开放共享的新发展理念，促进产业转型，绿色可持续发展，有高速发展转变为高质量发展，发展新质生产力，着实有前瞻性。
He will disappear tomorrow
“Corruption is RAMPANT in China!” -Victor Gao, August 2024 in front of a live international audience. Don’t be fooled.
debt swap would eat too much of the space. dont set too much hope for real stimulus
China 🇨🇳 has been a money-printing machine on overdrive.
During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while its economy is only half of them.
- Current Chinese debt-to-gdp is already *highest in the world, at 300%,* according to Bloomberg.
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
Yeah Gordon, from 1990-2021, China’s GDP grew from 400 billions to 18 trillions. The highest debt to GDP title belongs to Japan.
You forget to mention, that China actually grew 1000 times faster then US for the last 40 years 😂 and that it produces everything for the world, whereas the US only consumes and produces nothing useful for the humanity....besides wars....chaos...
Hey Chang, every time I see you I come up with something new to take a jab at your same Ctrl C Ctrl V BS. The way you're repeating yourself, I'm almost out of bubble gum.
@@lastChang Are you CIA-Chang? Last CIA-Chang....:)
@@davidlai399You are wrong! Search this query: What's china's latest debt to gdp ratio according to bloomberg?
Lol this professor is a clown
He just worried that he wouldn’t get to see another light of day if he spread the truth!!!
China's recent barrage of stimulus won't solve its structural issues:
- property bust,
- deflation threat, or
- long-term demographic problem.
It may only help short-term goals.
-property bust is great news. The majority benefits with lower housing prices.
-deflation? The government can lower interest rate to ease the cost of borrowing. Inflation is what most economies should be worried about. High cost of living generates pressure on wage growth, which reduces profitability and export competitiveness. Japanese has had deflation for 30 years that made cost of living bearable despite stable wages. It is recent inflation which erodes people’s purchasing power.
-demographic decline is a problem facing many countries, not only China. In 2100, China’s population will still be more than double the size of USA. Meanwhile, half of the world’s industrial robots are now being deployed in China.
@@davidlai399 This guy pastes same bullshit under every news relevant to China stock market rally. Don't waste time to nonsense.
You really are as much fun as a wet croissant.
Imagine thinking that having 800 million people by 2050 is a bad thing lol.😂😂 They should probably Import engineers and doctors from certain places like Europe to save their Economy.🤣
@@saellenx3528 2100, not 2050 by most sources. Heck, we can’t even guess next year’s oil prices, so who really knows what will happen in 75 years?
Just a year ago, central gov promised they will never bail out the local govs. Haha. Bs.