East Asia Tonight: China unveils mammoth US$1.4 trillion stimulus package to boost economy

[@ArabicReja973]

China's local government debts are vast - 93% of China's GDP, according to IMF. But observers say the IMF numbers are *an underestimate* due to Chinese numbers are impossible to verify.

[@whitemoon5752]

Keep on smoking what you’re smoking. 😂

[@fffuu4444]

Nothing compares to the elephant in the room, a gigantic USD$36 trillion dollar debt and rising, with an annual interest payment of USD$1 trillion dollar and rising, an imminent default is waiting to happen.😂

[@pehclark7256]

I love how China got 5 % gdp when the real estate and stock market collapse and burst spectacularly. Must be nice to have such a nice dream.

[@whitemoon5752]

@ how big is the EV market you think? Who owns those companies? How about green economy like solar, wind, nuclear? Who owns those companies? Actually the economy has grown more than 5% I would argue because of deflation and USD exchange rates.

[@UnknownOne100X]

@@ArabicReja973 What About USA Whose Debt Increases By 1 Trillion Dollar In Every 100 Days

[@damusandy]

Print yuan to eternity, all the best!

[@AhmetTekin101]

Chinese money printing machines are on overdrive. LOL

[@happymelon7129]

😅DT win casts cloud over TSMC and Samsung U.S. chip plans. Chipmakers have been counting on CHIPS Act funding that is now in question. 🤣After all the hard work and showing loyalty, you still end up losing money.

[@tankman20064]

😂😂😂😂😂😂 and you think😂😂😂😂😂. U eat chips for a living

[@pehclark7256]

China can buy chips from Tmsc meh.🤣🤣🤣

[@pehclark7256]

Chowdhury actually address the elephant in the room. AI bias. Regional difference can cause the bias to become worst. That why a multicultural society will have an edge in developing AI. I like her.

[@happymelon7129]

😅showing loyalty ? Singapore want to follow ? 2024-11-8 Taiwan’s largest airline(state own), will spend another US$4 billion to purchase Boeing aircraft. The 24 Boeing aircraft purchased last year have not yet been delivered, and the average age of the aircraft in service is only 9.5 years.

[@jrkr7357]

China's GDP is more than 5 times of India's. I puzzle that If India is not worried, why would China ?

[@Buttercookies0]

Still living in Hu's time?? Now is Xi's time!

[@pehclark7256]

They bring Wen jiabao back leh. But still a dumpster fire leh.

[@happymelon7129]

It was reported on November 6 that a Singaporean partner of a cryptocurrency company was accused of drugging a job applicant during an interview at a Hong Kong bar. He was subsequently fired from the company. The woman reported to the police after being reminded by the waiter. She exposed the matter on social platforms on October 29 and displayed the report record.

[@Buttercookies0]

What's your agenda in this suspicious case?

[@tankman20064]

OK lor. 😂😂😂😂😂😂😂. I thought in HK it is normal. 😂😂😂😂😂

[@pehclark7256]

Oh that DWF case huh. Andrei let the peidu mei mei from nanjing university take over the fired guy position but hor how come tha xiao pi na the girl on X is pretty Sus leh. Anyways popcorn drama. The guy know too much huh. The block chain shoe a lot of

[@itch4travel]

" China unveils mammoth US$1.4 trillion stimulus package." What is USA's answer to that?

[@happymelon7129]

😅2024-10-28 Trump accuses Taiwan of stealing U.S. chip industry. Market value of almost all high tech company rise ... 😆But TSMC market value drop... everyone worry Trump will "do" something to TSMC.

[@tankman20064]

Old news😂😂😂😂😂

[@pehclark7256]

Arizona Tmsc got very good chip production yields leh. Plus I think Trump will allow tmsc to set up specialised vocational school to help tmsc get trained skilled american employees in America. Samsung also going to withdraw their prc based korean staff to go arizona too. I heard.

[@HeavenHalos]

"How do you secure your token?" Answer: Lol, lmao even What a madlad

[@pehclark7256]

Maybe with CRYPTO To Encrypt the data. Shocking right.

[@azaad7061]

Good to see you otelli

[@MalcolmAng]

I thought is 10 trillion, why reduce to 6 trillion. Is it big talk again!

[@AhmetTekin101]

Still, Chinese 🇨🇳 stimulus to help its economy is like a CPR to a dead body. LOL

[@timloo6191]

Dead horse

[@lulc4694]

Still bigger than your economy

[@pehclark7256]

China got economy meh?🤣🤣🤣

[@Observer168]

中國在戈壁沙漠推動大規模的可再生能源項目，如太陽能、風能和沙電池，這種可持續能源發展策略不僅能提供長期穩定性和能源安全，還能帶來經濟效益。這些投資與短期的股市刺激不同，不僅降低了對石油進口的依賴並減少碳排放，還支持環境保護並產生顯著的經濟回報。以下是這一策略的關鍵原因： 1. 能源安全：減少對石油進口的依賴 中國是世界上最大的石油進口國，每年在石油進口上花費約1.5萬億美元。這種對國際能源市場的依賴，使中國面臨價格波動和地緣政治風險。僅在2022年，中國在石油進口上的支出達到了約1.5萬億美元，對國家財政造成巨大壓力。在衝突或海上封鎖時，重要的石油供應可能被中斷，威脅國家穩定。通過轉向戈壁沙漠的國內可再生能源，尤其是太陽能和風能，中國可以顯著減少這種依賴並確保穩定的能源供應。 此外，沙電池技術利用加熱沙子來儲存多餘的能量，進一步增強了能源安全。美國國家可再生能源實驗室（NREL）的研究人員正在研究這一新的熱能儲存技術，該技術以廉價的二氧化矽沙作為介質。該項目（ENDURING）將來自風能或太陽能的多餘電力用來加熱二氧化矽沙，然後將這些加熱的沙子儲存在隔熱筒中，在需要時用於發電。單個沙電池可以儲存高達26,000兆瓦時的熱能，並且系統可根據需求調整規模。 NREL的高級工程師馬志文專注於長時熱能儲存、氫氣生產和太陽能燃料工藝，領導了基於顆粒的熱儲存系統的項目，並對儲能方面的計算建模和實驗研究做出了重大貢獻。 參與ENDURING項目的馬志文強調，使用二氧化矽沙進行熱儲存是邁向減碳的重要一步。沙子在儲熱和導熱方面具有優異的性能，是長時儲能的理想選擇。沙電池系統具備高度可靠、成本效益高且環保的特點，同時減少對煤和天然氣等化石燃料的依賴。 王興超博士是NREL的研究人員，同時任教於科羅拉多礦業學院，專注於熱傳導、熱力學以及傳統和可再生能源系統的研究，尤其在開發先進系統的能源轉換和儲存模型方面具備專業知識。 2. 成本效益：太陽能和風能相對於煤炭和石油 可再生能源比傳統化石燃料成本效益更高。2022年，中國的大型太陽能發電成本約為每兆瓦時20至30美元，相比之下，煤電約為每兆瓦時60至70美元。在風資源豐富的戈壁沙漠，風能的成本也已低於基於石油的發電。 目前，中國每年在煤炭和石油進口上花費約2,000億美元，這增加了對化石燃料的依賴並使經濟面臨更大的風險。轉向可再生能源將有助於減輕這一經濟負擔，尤其是在不穩定的全球能源市場中。 3. 寧夏的戰略地理位置：可再生能源和人工智能中心 寧夏地處戈壁沙漠附近，具有成為可再生能源和人工智能戰略中心的潛力。該地區臨近豐富的太陽能和風能資源，並擁有良好的高速鐵路連接，是管理和分配可再生能源的理想地點。該地區的工業基礎也支持能源生產和基於AI的能源管理系統。 4. 經濟增長、就業創造和GDP影響 在戈壁沙漠投資可再生能源將創造1000到1200萬個就業機會，特別是在建設、運營和維護方面，這些工作將提供城市和農村的高薪機會。 就業創造：未來十年中，5萬億美元的投資將創造約2000萬個直接和間接的就業機會，涵蓋建設、運營、維護和研究，這些工作包括可再生能源系統、沙電池技術的安裝、電動車製造以及相關的交通、基礎設施和供應鏈產業。 GDP增長：每年1萬億美元的可再生能源基礎設施投資將顯著促進中國GDP增長。在五年內，這筆投資可使GDP增長約5萬億美元，這主要由可再生能源行業的產出驅動。 5. 環境可持續性：減少碳排放和沙塵暴 在戈壁沙漠的大規模可再生能源開發將大幅減少中國的碳排放，幫助實現2060年的碳中和目標。此外，風力發電機可以作為屏障，減少北方地區沙塵暴的頻率和強度，這些沙塵暴目前造成巨大的損害和健康成本。通過減少這些沙塵暴，中國每年可節省數十億美元的損害和醫療費用。 6. 電動車：驅動清潔能源需求 隨著電動車市場的增長，電力需求將大幅增長。電動車比燃油車環保且成本效益高，依賴於清潔能源而非化石燃料。通過對可再生能源基礎設施的大規模投資，中國可以滿足這一增長的需求並減少對石油的依賴，進一步支持碳減排目標。 7. 沙電池：一種更安全、更可靠且具成本效益的能源儲存方案 沙電池利用熱量儲存能量，然後轉化為電力或用於加熱。典型的5,000噸沙電池可儲存約210萬兆焦耳的能量，適合戈壁沙漠等擁有豐富沙資源的地區進行長期儲存。 與熔鹽電池的比較： • 安全性：沙電池比傳統的鋰或熔鹽電池更安全，因為沙子是不可燃的並且化學穩定。鋰電池在過熱時可能著火，而沙電池即使在高溫下也保持穩定，降低了風險。 • 可靠性：沙電池耐用，可反覆使用而不會退化，確保了長期可靠性。相比之下，熔鹽電池易受腐蝕，增加了維護成本。 • 成本效益：沙子是一種豐富且便宜的資源，使得沙電池在構建和維護上比鋰離子或熔鹽電池更具成本效益，適合大規模能源儲存。 8. 國家安全：電動車和應急系統 可再生能源供電的電動軍用車輛和應急系統將提供戰略優勢。在石油短缺或海上封鎖的情況下，電動車輛確保軍事和應急行動的連續性，增強中國的國家安全。 9. 空氣制水系統：農業的可再生能源應用 可再生能源還可為大氣水生成器（AWG）提供動力，該技術通過風能或太陽能從空氣中凝結水分。這些潔淨水可以用於戈壁沙漠等乾旱地區的灌溉，將荒地轉化為肥

[@Liboch]

In 2020 Trump passed usd2.2 trillion as an economic stimulus, in 2021 Biden passed another usd1.9 trillion. Eventually they spent about 4.6 trillion as economic stimulus. The 1.6 trillion by china is too small. 😂

[@mingwang4359]

I love you! otelli😘😘😘

[@oceanwave4502]

I have a strong feeling that EU is going to have large-scale deindustrialization sooner or later... 😏 Of course, EU can then focus on other sectors such as tourism, financial service, entertainment (music, concert...).

[@happymelon7129]

Strange things do happen in Germany. The one that provided cheap energy is called “Enemy”. The one that destroyed the flow of cheap energy is called “Friend”. The one that buy German's products the most is called “threat”. The one that keeps helping her “Friend” to continue destroying her own country is called “Ursula Gertrud von der Leyen”.

[@happymelon7129]

BERLIN, Aug 1 2024 - High energy prices and a lack of reliable energy supplies are hindering German companies' production and investments, with a growing trend of industrial firms considering relocating abroad, a survey showed on Thursday. Germany's industrial firms have been suffering from a contraction in economic activity in the aftermath of Russia's invasion of Ukraine, with the ensuing slump in Russian energy imports triggering sharp energy price rallies in 2022. Prices have since fallen but are still high compared to other countries. A poll by Germany's DIHK Chambers of Industry and Commerce of around 3,300 companies showed that 37% were considering cutting production or moving abroad, up from 31% last year and 16% in 2022. For energy-intensive industrial firms some 45% of companies were mulling slashing output or relocation, the survey showed. "The trust of the German economy in energy policy is severely damaged," Achim Dercks, DIHK deputy chief executive said, adding that the government had not succeeded in providing companies with a perspective for reliable and affordable energy supply. "Those who fail to recognise this will eventually witness the deindustrialization of our country," he said. More than a third of industrial companies in Germany are reducing investment in core processes due to high energy costs, the survey showed, adding that two-thirds of industrial firms saw their competitiveness at risk. Dercks said Berlin's package presented last month to strengthen the country as an industrial location did not go far enough, adding that solutions for energy supply and prices were left out. "For many industrial companies, however, this is currently the decisive location issue," he added. Germany's economy ministry last year proposed a subsidy for industrial electricity prices but the proposal was challenged by the finance ministry and then completely scrapped after a constitutional court ruling forced the coalition to make painful cuts to its 2024 budget.

[@mingwang4359]

👍👍👍

[@tankman20064]

So HK is finish ?😂😂😂😂😂

[@pehclark7256]

No lah still got chance but HKer need to wait until CCP regime gone lor. LeeKashing selling all his China based development at discount. Mean very hard lor and he invest in Asean countries and British Utilities.

[@tankman20064]

China need bonds ? 😂😂😂😂😂3

[@Fasih_Mosharraf]

This is not mammoth This is peanut China has 3x loan then GDP😂 China is going to bankrupt Trump is back😅

[@lulc4694]

Worry about your own shithole fajeed. Chinese civilisation was here before Rome, and outlasted Rome. We will be here way after your civilisation crumbles

[@kingseiryu929]

@@lulc4694 the fashit has been having toilet issues since the start of their civilisation. Why cant they build proper toilets. They had 8k years to do that

[@daimos6686]

China Economy is going down the Toilet 😂 Lets Go Trump 💪

[@lulc4694]

Wishful thinking