Substack, for video transcripts and direct links: kdwalmsley.substack.com/p/why-is-electricity-so-cheap-in-china?r=4pow86
@gerard4039Ай бұрын
Because it’s not owned by blackrock and vanguard 🤡🤡🤡🤡
@mikejohnson9118Ай бұрын
There ya go. Hence the PTB to consider war with China over Taiwan. Which China already owns. Strange huh?
@matheuscerqueira7952Ай бұрын
Exactly. Private entities have no interest in making investments to make their product cheaper
@mikejohnson9118Ай бұрын
There ya go. Hence the PTB to consider war with China over Taiwan. Which China already owns. Strange huh?
@jaytea1591Ай бұрын
CN stole and copied US electricity.
@foodparadise5792Ай бұрын
Good example is Tokyo Electric Power Company of which has the shadow of both company. Instead of handling the contaminated water properly, they just dump it into the ocean making the entire global population paying the price.
@mihotleenkwei3884Ай бұрын
Low electricity price is one of the reason why EV is so popular in China. If charged during the night, the running cost of an EV is like 5-10% of an ICE car for the same driving range.
@howardfox6660Ай бұрын
What is an ICE car?
@thechloromancer3310Ай бұрын
@@howardfox6660 ICE = Internal Combustion Engine
@fastcxАй бұрын
@@howardfox6660 Internal Combustion Engine
@sumpahGWgantengАй бұрын
@@howardfox6660 internal combustion engine
@fannyalbi9040Ай бұрын
@@howardfox6660internal combustion engine ICE
@cheungchingtongАй бұрын
Chinese state power grid is the best power grid in the world, period. No one could come even close.
@fannyalbi9040Ай бұрын
ya. and the only patent ultra high voltage transmitter
@blcheah267227 күн бұрын
Chinese power grid has a lot of excess capacity precisely for national security purposes. The biggest impediment to using lasers as ABM is the need for a secure, reliable power supply.
@ccpun3790Ай бұрын
In China, Electricity is public goods, in the West, is profitteering .
@MrSummerbreeze01Ай бұрын
Well then buy some utility companie's stock.
@brianliew5901Ай бұрын
It's more like racketeering instead. 🤑🤑🤑🤑
@HiggsBoson2149Ай бұрын
How else can they afford $100 million salaries for the CEOs?
@George-k6o9tАй бұрын
@@MrSummerbreeze01 Buy with what - not when all our money has already been used to pay the electric companies?
@icemike1Ай бұрын
Everything in the United States is a commodity healthcare water air etc
@TexasRiverRat31254Ай бұрын
Kevin, your honest reporting is the best about China on YT! Have a great weekend sir. Stay safe and well.
@Ray-ov4jlАй бұрын
When they look at the downfall of the West and write books on it, this dude would be the go to source, step by step guide on how it all came down.
@YumBotSpiceАй бұрын
Yep. You are right.
@tomiputra3720Ай бұрын
Some other content creator already using his videos as their data sources too
@arieltanto7942Ай бұрын
I've seen LinkedIn posts referring to his videos
@JohnDoe-tv4zfАй бұрын
Lmao , you’re insane
@fannyalbi9040Ай бұрын
@@arieltanto7942seriously?
@bigeye4520Ай бұрын
Kevin, I hope that you can also report their health care system in terms of service and costs. I had a trip to Sanya, a tourist city by South China Sea, I causally walked on to a dental clinic just for a quick oral checkup. Unexpectedly, they did the full X-ray scan, and oral micro photography of all my crowns, inlays, and onlays, and gave me a rundown realtime on my oral condition in extreme details. I didn't subscribe to any treatment even though they found a cracked onlay. All that just costed me $50 rmb walkout the door. Me as a frequent visitor to dentist here in the States its unbelievable!
@johnsmith1953xАй бұрын
$50 rmb is less than $10 USA. Raeally that cheap!?!
@bigeye4520Ай бұрын
@johnsmith1953x I told ppl about it and they could hardly believe it. The Chinese dentist quoted me about the cracked onlay, she says it needs a root canal, the total , including a new filling, is $350 RMBs. My endodontist in the State wants $1400usd for the root canal and then the dentist charges $1200 for the inlay. My dental insurance covers upto $1500 with 20 % copay per annum.
@haruhaki2779Ай бұрын
1,000 RMB for a course of root canal treatment is not cheap for ordinary Chinese people
@peterwilliams7335Ай бұрын
@@haruhaki2779$3000 USD a piece in the U.S. is not cheap for ordinary Americans.
@m.0829Ай бұрын
@@bigeye4520 My mate just got quoted £4000 for 4 onlays (UK)! I'm going to tell him to have a holiday in Sanya & get his teeth fix there.
@thorin1045Ай бұрын
as usual, they failed to tell china that they are not supposed to plan for 10 to 20 years ahead, they must follow the western ideal planning cycle of four years and than switching to a completely different one so anything that need longer than four year is literally impossible to do. also nobody told them to add tariffs on their own production so it costs double or triple than it needs to be so the government takes its cut while providing nothing. and finally nobody told them to close down the coal and nuclear plants before they built enough of anything else, while cutting ties of the cheap source energy for the benefit of a third country.
@stevendefehr4393Ай бұрын
😂😂😂 great comment ‼️
@lukecheukАй бұрын
Wait I lost your point towards the middle of your paragraph?
@xinfuxia3809Ай бұрын
Mostly agree. But China used to have 100% tariffs on high displacement ICE vehicles.
@blackknight4996Ай бұрын
@@xinfuxia3809 Singapore too .... high or low displacement .... 250% and up....
@ZweiZwolfАй бұрын
The Western ideal is squeezing a few more pennies during the current quarter, they don't plan 4 years at a time. All of those grand pronouncements get abandoned a few weeks later.
@michaelbartlett6864Ай бұрын
Europe could be enjoying low energy costs, but they allowed the US to blow up their pipeline!
@liuantony638Ай бұрын
Firstly U.S. found EU relied too much on Russia's energy, so it helps EU to derisk from the energy. Then U.S. found EU relied too much on China's market. so it helps EU to derisk from the market.
@themiddlekingdom9121Ай бұрын
@@liuantony638 Now EU countries become poor.
@moshiurrahman52Ай бұрын
Derisking them by risking their energy security.@@liuantony638
@lin9671Ай бұрын
@@liuantony638 yeeeees, *help" carries great kindness.
@ameerm4899Ай бұрын
@@lin9671EU countries are still wealthy. Governments in these countries are pretty wealthy but citizens are mediocre
@ianrichardmorrissey6082Ай бұрын
CAPITALISM is the reason, a study in England showed electricity produced in Scotland then moved down to England and subsequently moved back to Scotland went up 400% and some corporation pocketed the difference with consumers getting screwed.
@bobcfchan10sАй бұрын
Capitalism in its rawest form is just unbridled greed. Freedom and democracy in its rawest form is social irresponsibility. The west is failing because of moral and ethical degradation. We are just too lazy to care about it.
@kubhlaikhan2015Ай бұрын
Absolutely, but this is not old style free market "Capitalism", this is Corporatism. It's not a free market. The fall of capitalism was just less advertised than the fall of communism. It is extortion by a corrupt and incompetent super-rich elite.
@corradoalamanni17926 күн бұрын
Lack of price signals. Why should scotland pay the sarebbe as england when they have more energy than they need? Their price should be lower
@ZweiZwolfАй бұрын
China is racing forward to a future where energy is virtually "FREE", and nobody in the West seems to comprehend the implications, much less the long term impact. China is moving away from consumable energy in the form of oil, gas, and coal which must be constantly extracted, transported and lit on fire in favor of highly efficient renewable energy which is dominated by a one-time capital expense that keeps producing "FREE" energy as long as you maintain it. The return on investment is surprisingly fast when whole of society system costs are factored, specifically the global warming, national security, and pollution. That is, as China's renewable percentage increases, they reduce the future cost of remediating global warming effects on their oceanside cities, reduce the cost of protecting energy imports, and reduce the environmental and health impacts from pollution. Then there's the low cost aspect, which drives huge production efficiencies and further opportunities to lower cost via electrification and automation. China already sees this in transportation, with electrified rail & bus public transit, personal NEVs, electric trucks and now electric inland container transport all powered by renewables for a low cost driverless future. China's people and goods will automatically get from A to B without expensive human labor, simply due to their massive renewable energy surplus.
@john99776Ай бұрын
All true except for the stuff about 'global warming' which, although universally accepted, is a hoax. Any work purely to mitigate that is wasted.
@j.c.4192Ай бұрын
solar panels in west coupled with sodium batteries. Game over cheapest power.
@kubhlaikhan2015Ай бұрын
That sounds like a woke wet dream to me. China still relies heavily on coal while countries like the UK - built on coal - just closed their very last coal burning power station. China's cheap energy has more to do with centralised state planning - planning which considers economic common sense and national (instead of class) interest first and last.
@azurite_rrrАй бұрын
@@kubhlaikhan2015 Blaming coal-fired power plants all day feels like a sort of copium. If you have the latest ultra-supercritical coal-fired power technology that can eliminate all pollutants except CO2, and can plant enough trees in the future to offset those emissions, why can't use coal? Plus, with retrofitting for flexibility, most coal plants wouldn’t operate at full capacity but would instead serve mainly to smooth out the fluctuations in renewable energy production.
@ZweiZwolfАй бұрын
@@kubhlaikhan2015 Not understanding something as basic as "Peak Coal" and "Peak Carbon" is pretty embarrassing. FYI, "Peak" means the highest level, after which it declines, so today, China at Peak Coal means it's high, but will decline. As for central planning, that's been the massive shift from oil, coal, and gas to renewable hydro, wind and solar over the past decade under Xi.
@BeMotivatedChannelАй бұрын
I'm paying around 10$ USD per month In Shanghai, life is good ;)
@peanut0brainАй бұрын
$10? Do you even turn on the heater in the winter or a/c?
@xinfuxia3809Ай бұрын
Here in North Carolina, we have a basic charge of $14 per household per month even with zero usage.
My electric bill in winter here in NJ on a 5000 sq home is $300 a month. Natural gas bill for heating is $400-$700 a month.
@rogerfaint499Ай бұрын
@@shekondog My electricity bill for a 10,000 sq ft home (in Singapore) used to be S$600+. But after installing solar panels (costing S$56,000), it's now $0 and on top of that I receive S$200-$400/monthly from utility company that bought off excess electricity from grid. We also have 2 EVs, and you calculate the math, it is much beneficial for me having the solar panels.
@jaimenascimentojunior4226Ай бұрын
Kevin Once again I want to thank you for your clarification work and the time you dedicate to your research..... Jaime from Brazil❤
@daveh5947Ай бұрын
With the way China lights up the Cities there doesn't seem to be a shortage of Electricity
@ZweiZwolfАй бұрын
LED lighting is relatively inexpensive, especially compared to the industrial consumption that drive China's electric market.
@davidanalyst671Ай бұрын
China produces today 10X more steel than the USA ever did at its highest point. Like the amount of steel they make is a brain fck. Also aluminum, and copper because lum and cop require more electric per pound. If they stopped making so much steel, they would not have any problems with electricity. Trump was famous for putting tarrifs on chineses steel because it was cheaper than anyone in the USA could make it, so chinese steel is literally going around the planet. Thats also why every industrial boat, tankers, cranes, and conntainerships are all made around china. The USA prefers to make their boats in Soko because soko doesn't have a lab that dropped something as awful as rona.
@徐XlАй бұрын
中国发电量是美国两倍多,中国任何一个村庄都有电,5g网络
@LD-uo2qvАй бұрын
Because night is a low electricity consumption period, electricity overflows at night.
@ZweiZwolf29 күн бұрын
@@LD-uo2qv China also generates a LOT of electricity during the day from their massive solar farms, but they have still have greater industrial demand. It'll be interesting to see how things evolve as more and more solar is added to their mix.
@rombios3056Ай бұрын
This is what happens when you have a govt of tecnocrats not lawyers and politicians
@ghostofsolomon23715 күн бұрын
Not any more.
@MusteringdownunderАй бұрын
Because in the western world, the shareholders are paid. And we the users get screwed
@yaphonghor440924 күн бұрын
The elite capitalists and investors get richer while the consumers pay more into their pockets over time!!!
@bhtansgАй бұрын
Awesome report again! Central planning and single minded determination for forging the country's future. Be good.
@bryanlee3337Ай бұрын
china govt has vision on clean energy and invest a lot on XinJing. Only 15% loss on electric from west to east! that is incredible and marvelous! Lower cost of energy can bring ppl livelihood more convenient and affordable!
@vgstbАй бұрын
UHVDC is key to these record efficiencies.
@peanut0brainАй бұрын
@@vgstbDC power thru the lines, unlike the west which pumps a/c electricity thru the lines with massive drops in power
@gregorymalchuk272Ай бұрын
15% losses is actually higher than the typical 9% in the West.
@peanut0brainАй бұрын
@@gregorymalchuk272 narrator says 15% drop is over 3000km I think from west of China to east of China.
@seraphimworms899Ай бұрын
@@gregorymalchuk272 4.6% in average compare with the typical 9% in the West.
@YongLi-np3wgАй бұрын
I'm in Beijing with a family of five. Four air-conditioner installed and normal home appliances. Yearly electricity consumption is 3500 kw/h and 1800rmb/250usd.
@peanut0brainАй бұрын
Wtf? I was paying 4-500 rmb per month in Chongqing. I turn on the heat and ac when needed
@YongLi-np3wgАй бұрын
@peanut0brain Heating is a big hog. We have centralized heating here in Beijing which costs 2800rmb/year. Summer of choingqing really need AC to survive. I can see why.
@DaedalusAIАй бұрын
@@peanut0brain also close the hot water out valve from water heater when not using, that alone comes to about 10kwh per day, because most home don't have pipes properly insulated.
@ZweiZwolfАй бұрын
@@DaedalusAI Most of Asia runs on-demand tankless water heaters. You turn on the water heater when you need it.
@DaedalusAIАй бұрын
@@ZweiZwolf nah, those are kinda obsoleted, only used in kitchen, for the standard 4 sq mm of copper you don't have enough power for enough flow, most people use solar or electric tank water heater, those with more money use a heat pump heater, or large natural gas boiler(the best).
@HystericallАй бұрын
In 20 years, they won't need to import any oil, imagine how much money they can save after that...amazing.
@ZweiZwolfАй бұрын
China passed Peak Oil last year, and we see the effect in global markets as demand dropped. China will still need some oil for jet fuel and ocean transport.
@tonyc5384Ай бұрын
They may not need to import as much oil, but they will have to import their polymer and fabrics from Saudi Arabia. Saudi's has been busy diversifying their oil industries and moving up the value chain.
@موسى_7Ай бұрын
@tonyc5384 Why import fabrics from Saudi when they can just switch to cotton, hemp, and natural stuff? It's better for their health, especially fertility, and they have a population crisis.
@midniteking1Ай бұрын
20 years?I think they will achieve way sooner than that especially if they achieve (most likely)thorium based nuclear reactor .
@ZweiZwolfАй бұрын
@@موسى_7 Locally-grown cotton and other natural fiber will certainly be more popular, but the West is very much against Chinese cotton, and some applications want synthetic fibers, typically fast-drying.
@lightwishatnightАй бұрын
And they did not, not only without any help from the west, but sometimes with blatant opposition from them. I'm just in awe of the Chinese nation. Xi! Tasukete, kudasai!
@robertgittings8662Ай бұрын
*Xi Jinping kicked all the CRYPTO (which is the heaviest electricity user) out which China had 80% world production otherwise China would be surpassed Western Europe long time ago*
@ZweiZwolfАй бұрын
It's 2,200+ years of meritocratic bureaucracy, dating back to first Emperor Qin Shi Huang after he first unified China in 221 BC. QSH replaced hereditary positions with civil servants determined by public examination, and promoted based on merit over relationships. This completely transformed the model of Chinese governance, literally 2,000 years ahead of the West. Chinese have a deep civilizational concept of virtuous and efficient bureaucrats working for the people, and this informs how the CPC is expected to govern today.
@wyz9815Ай бұрын
@@ZweiZwolf yes, Xi is the only princeling who climbed up to top position, but it took him 30 years climbing up the ladder from a small rural village. In China, you need experience of governing over 100 million people (big provinces) to be eligible to compete into top leader group of the country, while in US and EU, you can become top leader of the country with 0 political and governing experience, that is insane!
@ZweiZwolfАй бұрын
@@wyz9815 Exactly. Chinese leadership is based on experience, promoted by merit. You you can be elected to a village head, but beyond that, you need to deliver if you want to go up, and you'll need to show results in rural places as well. It's exceedingly professional.
@mauriceukaegbu620Ай бұрын
@@wyz9815like Ze of Kiev. From clown (comedian) to crown (president).
@gregarnot5066Ай бұрын
1985 Shanghai was a dark city I asked why government owned cars turn their headlights off at night. I was told it was to save energy In 1988 standing on 10th floor of Phoenix hotel in ShenYang watched 1/4 of the city lose electricity. They divided Shenyang into 4 parts and rotated outages each night
@CattleFarmer667Ай бұрын
In 1985 Malaysia, I am starving living in a middle income family. Today the poor eats better than me in 1985. It is good that China and many Asian countries doing better today.
@alterego15724 күн бұрын
Fascinating how much things can change in 40 years
@chaunceytao695721 күн бұрын
wow as a chinese i never knew this history
@MichaelCuthbertson-zl6inАй бұрын
Thankyou, once again, Kevin. Your commentaries are absolutely brilliant - so informative! Blessings from Australia....❤
@philippepeltier142Ай бұрын
... and then the US decided to blow out some pipes under the baltic sea. 😎
@vgstbАй бұрын
Good for China.
@cruzn4ever169Ай бұрын
that is all the us is good at breaking stuff
@othmanmajid6380Ай бұрын
....and breaking wind😮@@cruzn4ever169
@Jellybean-gz4cjАй бұрын
Yes, they lack integrity. The you-ess has the most pathetic, horrible government.
@DorJinTanАй бұрын
lel
@SpeakingTheTruthsAndPeaceOut_VАй бұрын
China’s massive electricity output from the 3 Gorges Dam, etc. When we talk about China, we talk about unimaginable economies of scale and size. Hence, the costs are lower.
@fannyalbi9040Ай бұрын
China has many forms of energy sources the west can't imagine, from coal, hydro, wind, solar, nuclear, "thorium". i might miss some minor source.
@ZweiZwolfАй бұрын
China's largest electrical source is coal and solar. Wind and hydro are smaller, as hydro simply takes a very long time to bring on line, and there are few places that hydro can be effective. Solar is inexpensive, scalable and fast, so it's been booming like crazy.
@pengyuecai55321 күн бұрын
@@ZweiZwolf However, a miracle occurred: the water pump powered by solar energy continuously pumped water back to the reservoir upstream. The solar energy put the electricity back into the hydroelectric power station. So is this hydroelectricity or solar electricity?
@ZweiZwolf21 күн бұрын
@@pengyuecai553 It's pumped hydro storage, functioning as a gravity battery for electricity. The pump could be powered by coal, so it's definitely not solar. The output is hydroelectric. Hence, pumped hydro. China has added quite a lot of it.
China is on whole different level than the US and fast moving far far ahead of us!
@freefree1219Ай бұрын
China improvements are not fast. They move slowly like turtle because they're locked within their shell of capabilities. They just keep on moving in a single direction to get things done. Not twist and turn like a rabbit distracted by so many things.
@jiaao86Ай бұрын
因为你们不懂得下围棋。😆
@emersonandriao4342Ай бұрын
Good info, Kevin! Thank you!
@Ascend77Ай бұрын
These reports always underestimate the Chinese to already know these issues and the ability to navigate through them
@ZweiZwolfАй бұрын
China has a lot of people who understand English, so they read the US papers and watch the US pundits to see whether there are any hot button issues to address. The West used to make so much noise about Chinese air pollution, but Xi got serious about the environment, and now they're silent because the air is cleaner.
@JaceWDАй бұрын
becoz the consultants writing these reports r smoking copium
@AMEENHAIАй бұрын
According to China Energy News, the combined length of the UHV transmission lines operating in China had reached 48,000km (30,000 miles) by the end of 2020, more than enough to wrap around the Earth by the equator.
@alexjohnwardАй бұрын
Already long enough to go around
@nicholaswhite9760Ай бұрын
In 1990s, China energy system learnt massive western standards and solutions to upgrade its energy network. Nowadays, few western standards and solutions could be found in its UHV system.
@mikep1831Ай бұрын
Residential electricity price in China is about 10 cents per KW.
@barryshaw5660Ай бұрын
China’s been working hard to catch up and surpass others in most everything.
@ZincFoldАй бұрын
For a country to industrialise, cheap energy is crucial.
@bobsmith3983Ай бұрын
And also an efficient transportation system for people and products.
@ZincFoldАй бұрын
@bobsmith3983 indeed, cheap energy makes that possible.
@BallyBoy95Ай бұрын
Absolutely solid video essays as usual. This channel brightens my day right up. Need countries to compete with one another in terms of economic progress, so that they can better serve their own populations. Rather than mercilessly and endlessly exploit them.
@sckchuiАй бұрын
China treats electricity supply as a crucial national security issue, meaning the priority is placed on security of supply, not on profits. To maintain security of supply, you have to have redundant capacity. Redundant capacity means you don't experience acute shortages, which means lower prices. For example, even as China is in the process of transitioning to clean renewable energy, it's still building coal-fired power plants. It's not because China wants to burn more coal, it's a reliable backup, in case something bad happens with the solar panels and wind turbines. We saw this happen a little while back, when unfavorable weather temporarily cut their solar output, and they just cranked up their coal to compensate. Contrast this with the situation in Europe. In Germany, they decommission their nuclear plants because nuclear bad, and they decommission their coal plants because coal bad, but they're doing this BEFORE they've fully built out their renewables. They switch to gas because gas is somewhat better than nuclear and coal (according to them), but then they only had one good supplier of gas, Russia, and no good backups. Then Ukraine happened, and now they're stuck importing expensive LNG from wherever they can get it. It's just bad risk management and cutting corners. No sensible person would rely too much on one external supplier of energy, or demolish the existing power sources before they've fully built and stress-tested their replacements.
@hermanchow1405Ай бұрын
why China electricity is so inexpensive ( affordable) ? every job , the creation isn’t for profit ( as long as you don’t lose money) , it’s creating a living environment for everyone and still maintaining profits , unlike the western capitalism , profit first (to satisfy shareholders) , contrast to China system ( so call communism) which has the unique ability to create wealth for everyone , that is China !
@normanmoffatt9707Ай бұрын
Electricity is the key to manufacturing, all of those machines need energy.
@blackknight4996Ай бұрын
AI calculation uses lots of electricity ... and robots and automation too ....the West will be further behind in a decade.
@davidanalyst671Ай бұрын
not as much as the steel and aluminum mills my guy. China makes 10x as much steel as the USA did at its peak. Its really fcking nuts
@verypleasantguyАй бұрын
China's electricity is not cheap, it's the world's electricity that are expensive
@douginorlando6260Ай бұрын
Thanks to the powerful carbon credit market that funds the anti fossil fuel agenda
@jxmai7687Ай бұрын
Western countries are used to making excuses and covering up their high prices
@gregwang8628Ай бұрын
Expensive everything makes the West feel they are somehow superior 😂
@stefenleungАй бұрын
You mean the country primary base on manufacturing, ditch nuclear energy for unknown reason and its gas pipe get blow up by another evil country?
@peanut0brainАй бұрын
Yep. Like $40000 for a nut and bolt 😂@@gregwang8628
@kenho-wr5ul2rh7mАй бұрын
China uses solar farm, nuclear plant. Solar farm is almost cost-free and generates a lot of electricity
@fannyalbi9040Ай бұрын
and they are the solar panel producer
@reo52Ай бұрын
China can build nuclear power plants much cheaper than we can here in the US. China has a major advantage over the rest of the world in the manufacturing of solar panels. We have major trade restrictions on cheap solar panels causing the cost to build our solar farms (relative to China) to be much more expensive.
@kenho-wr5ul2rh7mАй бұрын
@@reo52 u can buy cheap solar panel from China. Ur politicians do not work for american civilian but rich and elites
@InformedKiwi9 күн бұрын
The US could install a lot more Solar but don’t. The panels are cheap and the power produced is at low cost.
@InformedKiwi9 күн бұрын
China population is now on the decline and that’s going to accelerate in years to come. Low domestic electricity consumption is coming. China plan to double wind and solar by 2030 to being a whopping 30%. China is building more Nuclear power stations and are just finishing the first Thorium Power Station. Then China is going to ramp up and build many Nuclear power stations. China has a plan and a very good plan it is.
@miguelbemquererfulАй бұрын
China's biggest advantage is their capacity to reinvent their institutions and regulations to always transpose the next economic gap. This is only possible in a planned socialist economy, never on a chaotic capitalism
@randygraham926Ай бұрын
Because it's economic dogma in the West that centralized State planning cannot work. Dogma means they throw out any evidence that threatens their ideology.
@KakiharaichiiАй бұрын
Spot on!
@KyFang-e3tАй бұрын
I think the long term - one party government is a key point. The policy won't change back and forth every four years
@ggttuuxxАй бұрын
It's not the system. It's the Selfish Lying US Politicians. You can change the system all you want, but these crooks will still be screwing you. They are Traitors to America.
@stevencook5501Ай бұрын
Your comments address important issues in a precise and understandable way. You're good. Thank you.
@fredrikbergquist5734Ай бұрын
In Sweden offshore windpower is blocked by everyone from defence to sea microbiologists to rich people that want a nice view from their summer houses. Solar power is not very good when there are only reasonable sun half of the year combined with ban on the angle that you can use on your private roof.
@misericorde3870Ай бұрын
In that case, they should incorporate nuclear. Also over a decade ago, the University of Alberta in Canada tried to create a technology based on energy created when rain hits a metal panel (I guess there's some kind of static-based effect), I wonder what happened to that.
@ivybae9906Ай бұрын
Screw the rich😡😡😡
@fredrikbergquist5734Ай бұрын
@@misericorde3870 Thats right, but the two experts in the world China and Russia aren’t allowed to build so it takes up to 25 years from first decision to full production of electricity. The Finnish nuclear powerplant in Lovisa was built reasonably fast with Russian experts and is just completed and in production. Russian spare parts might still be a political problem.
@larsnystrom6698Ай бұрын
Long distance electric transfer is one of the keys to effective renewable. In large countries like the USA and Australia, there's always sun or wind somewhere. Batteries is of course also needed, but their use must be kept to a minimum, Unfortunatly, the USA are so inept building infrastructure,...
@fckhaw1189Ай бұрын
UAV technology is China’s secret “weapon” to keep electricity costs down and to meet electricity demands across the entire China. U.S. has been trying to acquire Chinese UAV technology but China refuses to share this critical technology due to geopolitical reasons. U.S. needs to figure out itself how to transfer electricity efficiently and effectively over long distances across multiple states. Here, China has the advantages and in fact, it sells excess electricity neighboring countries such as Vietnam and Mongolia.
@xiaowen687621 күн бұрын
Americans are not incompetent, and the American government is not really inefficient. Just doing the right thing prevents a few people from making money, and these people provide campaign funds for politicians.
@chiefchief54516 күн бұрын
美国是一个伟大的国家,可悲的是浪费了太多资源在政治竞选与斗争上
@williammukurwe5807Ай бұрын
Yet another concise report, thanks.
@koyko4Ай бұрын
You need to mention the distance from north and west to south and east is around 2000-4000kms, otherwise audience from smaller countries like Korea to Europe would not be able to fathom.
@JimHoh3Ай бұрын
I like this episode, because you no longer cast the subjective "China threat trap" tone, but express in an objective fact manner.
@phils4634Ай бұрын
An important, added advantage to China of these UHV DC and AC developments is the establishment of their associated industries. Many elements have recurrent maintenance needs, and China has now become the undisputed "go-to" source for many elements of HV and UHV transmission; including insulators (modules, bushings, etc.), switchgear, and all aspects of line management and control elements. China is also the World's largest supplier of power line cables (ACSR - Aluminium Conductor Steel Reinforced), the one essential "component" that carries the UHV juice!
@wsmithe2209Ай бұрын
Right on spot, my man.
@dang-ne2ylАй бұрын
I love how you post your sources!! GREAT job!! Thank you! 🙏🙏🙏
@raymondlau9996Ай бұрын
UK is the leader here, they have the most expensive electricity in the world 😅
@stvdmc2011Ай бұрын
And is quality electricity
@martinwilby8942Ай бұрын
and we could be self sufficient in fossel fuels , however we have got the idiot milliband running the show ,who as a stake in the company who does the governtment analysis
@Zerpentsa6598Ай бұрын
Privatisation proved to be a blessing ... to shareholders and CEOs. Politicians naturally got their share.
@martinwilby8942Ай бұрын
@@Zerpentsa6598yes privatisation as left ouir public services in the dark ages , what as happened at the post office as been beyond believe and the pits should never have been shut down .and on and on i could go
@magicsmurfy29 күн бұрын
30 years ago, China faced regular blackouts. I could send them a fridge or air conditioner to a tier 2 city back in 1970s and that could kill off the entire village electricity grid instantly. That was 20-30 years ago.... 1980, and by 1990s, I don't hear that kind of things (blackout) often. And by the time we hit 2010 - the concept of a Blackout is hard to explain to these young people in China (like explaining to my kid what CD & VCD is). This is REAL work from CCP. Getting votes and democracy does not mean you have better lives. People in China are getting a better life over the past 30 years. I personally witness the entire change over the past 40 years myself. I am the living fossil to prove all that to you guys in the West. For people like us, we can live anywhere in the world - and I can tell you I am glad I am living in China right now. Another side story, I was in USA in July, and UK in November 2024. I charged my car in Wales, added 110 miles, costed me 20 quids. Works out about 84p a unit (public charger). If I charge it at home in Wales, it would be about 35p a unit. If I charge my EV in Shanghai, it's 15p a unit. I spent roughly 10 quid (RMB 120?) a month to cover 400 miles per month approximately. That is my cost in China. Apple to apple comparison: 10 quid for 60 miles in UK, versus 10 quid for 400 miles. You tell me what is real and what is not real?! Boris Johnson/Teresa May/The indian guy/Sir Keir or President Xi? I tell you, I vote with my feet man. You wanna to know why Ronnie O'Sullivan is immigrating into Hongkong? Think hard why this is happening.
@Ben-zandong-bu24 күн бұрын
西方国家总是抨击中国没有“民主”,殊不知,绝大部分中国人不需要也不稀罕这种西式民主😂😂😂
@FrancoisEustache-ed6gdАй бұрын
It's not just UHV, it's DC UHV. With Direct Current (DC) you don't have the power losses from long 60 Hz Alternative Current (AC) power lines acting as antennas and radiating a part of the energy as 60 Hz radio frequencies. You also have the power losses of all the transformers stepping up the voltage of the electric generators for the transmission lines and back down to the voltage to the consumers appliances. So it gives out much less radio and heat pollution. And the Chinese engineers had to innovate all of the patents for that new technology we rarely heard of in the western media mega projects magazines.
@JaceWDАй бұрын
we would have...had they not been busy writing garbage hate articles filled with lies and accusations, purely intended to create strife and conflict.
@tonywei423Ай бұрын
Indeed, much less power loss.
@coliv2Ай бұрын
It helps that China is not sending big energy profits to pockets of a small number of companies, like the US does.
@FredJones-lo2dfАй бұрын
Sir, you are in a forward thing country with 4500 years of wisdom and no congress❤
@wanderingquestions7501Ай бұрын
In New Mexico I pay about 16 cents per kWhr. Last I checked 20% of our electricity comes from solar and wind. My kWhr rate actually came down this last year
@davidlazarus67Ай бұрын
The energy constraints in China have Chinese businesses lots of incentive to develop energy efficient devices. Lots of renewables can create lots of cheap base load. In the UK bad energy policy means we pay the price of the highest energy source. That doesn’t necessarily apply in China.
@GabrielErasmus-z1eАй бұрын
Thank you brother. Your information always puts a smile of wonder on my face.
@vfclistsАй бұрын
Japan and Korea build nuclear power stations in 5 years. The West takes anywhere between 15 - 30 years due to their policy of imposing new rules and conditions as they go along, then they turn about and say nuclear power takes too long and its too expensive, and somehow they think they can compete with China with such an attitude. All that means is that the Asians get better and better at building them, and the West gets worse and worse. Who wants a career building and developing nuclear energy when instead of improving and sharpening your knowledge and skills, you sit idly waiting for some quango, regulatory authority or public inquiry holds you up at every turn?
@ZweiZwolfАй бұрын
Western power plants are all custom one-off boutique, whereas China is mass producing them to minimize cost.
@vfclistsАй бұрын
@@ZweiZwolf China is not "mass-producing" nuclear reactors. You cannot "mass produce" nuclear reactors, and throwing new and ever changing regulations at new reactor developments does not equate to "custom one-off boutique" development. It is just time wasting by a malign regulatory system designed to keep the carbon fuel industry in business as long as is possible.
This video strikes close to home. I live in an apartment in the Bay Area. Last winter I accidentally left the electric heater on 24x7. My bill was over $500/month. This winter, I've turned the circuit breakers for the heater off to prevent that expensive mistake.
@indoman8887Ай бұрын
I am an Australian who recently returned to the country after 20 plus years overseas and I don’t know what infuriates me the most, the complete incompetence of our political class or their lack of vision. We are the second biggest exporter of gas in the world and yet we suffer from a gas shortage on the East coast, hence very high electricity prices. Western Australia, the biggest producer of gas in the country, has a gas reservation policy, where producers must allocated a set percentage of their production for domestic use, so electricity costs are substantially lower. This reservation policy has been in place, officially and unofficially for over 40 years, but on the East cost, where the gas extraction industry is much more new, there is no gas reservation policy, despite it’s success in the West, so domestic electricity users have to try and obtain supply at export prices. This is what I mean by the incompetence of our political class, the West Australian system has worked well for decades, but why would East coast politicians want to follow that example, that would require vision and a spine to take on the foreign producers. It is enough to make you weep.
@mikejohnson9118Ай бұрын
Kevin, do you ever cover some of China's reclaiming of desert//wasteland? Seems they are quite good at it?
@dice138Ай бұрын
The Chinese are farming seafood in Xinjiang's desert nowaday. Salmon, crabs, pearl clams, etc.
@ZweiZwolfАй бұрын
Yeah, but it's slow going. China is pushing de-desertification really hard because it has huge environmental benefits, carbon sink and dust control.
@Zerpentsa6598Ай бұрын
BBC: But at what costs?
@lomileageАй бұрын
BBC does not understand that for the benefit of their own people, cost is secondary.
@wenling3487Ай бұрын
@@lomileageBBC titled like that is to smear China. Probably also for the money from CIA or MI5.
@moquant94722 сағат бұрын
Like this Straight Talk approach. No propaganda. Thx
@Linkwii64Ай бұрын
Here in California my electric bill is around $250 and that without my AC turn on. In summer it jump to $500 plus.
@randygraham926Ай бұрын
Years ago when California deregulated electricity, I made a bet with a friend that his bill would probably double in price. He listened to all the pro-corporate propaganda on TV that told him his bill would go DOWN because of the "market" and "competition". Typically, deregulation is an opportunity for corporations to gouge consumers. These were the years when Enron and their ilk fleeced California consumers of $$ billions and billions. His bill more than doubled after one year and I won my bet. And of course PG&E -- one of the worst corporations on the planet got away with infrastructure neglect for decades while looting the State. 😅
Kevin, I worked in Beijing in 2007. They were opening a new coal fired power plant every 4 days. I have worked on fluidized bed systems and SCR reactors, for these systems and the discharge is clean. There were 1435 coal fired power plants in the USA, when I was involved..
@rastoferi6012Ай бұрын
So it is possible to power a country using renewable energies. How come oil and gas companies saying we can't?
@randygraham926Ай бұрын
Obviously oil and gas companies do NOT want renewables to work. Immense profits are at risk. China is obviously developing their renewables while retaining access to fossil fuels. But they are smart enough to phase them out as soon as possible.
@gelinrefiraАй бұрын
Because your country is controlled by capitalists.
@ymqxyzАй бұрын
It's not easy to estimate how much it would cost to change to renewables unless someone did it on the ground. Now, It is proved that's indeed possible.
@labandonaldhock80Ай бұрын
Kevin this info is so important to us in the US. Thank you ever so much!! Thank you!
@TAL142Ай бұрын
China heavily invests in UHV because their energy sources are geographically far from the major population centers. UHV technology allows for large amounts of power to be transmitted over long distances with minimal energy loss. This is especially important in China since mountains make up 33% of China's geography with only 26% is plateau. The west traditionally rely on old fossil fuel and build their energy center close to their populated cities. There was no needs for UHV and they simply don't have the population to support it. So there is something China can do in volume that most countries can't do even if they wanted to.
@randygraham926Ай бұрын
The U.S., Canada and Australia could do it and benefit -- but there is no will to do it since it would require investsments and planning.
@ZweiZwolfАй бұрын
Australia has a HUGE inland desert which is largely unsuitable for anything. It's a natural for solar farms and HUV into the cities.
@TAL142Ай бұрын
@@randygraham926 why bother when you have cheap coal and natural gas. US has plenty of oil. They just want to control the price and use it to make money. Green tax was mainly used to try to extract money from country like China. The west thought China would need western technology to turn green. And their own arrogance they don't even know what hit them. Not only China is going to make money in green technology. It will even take business away from the west. This is like all the sudden all the paid environmental activists have been relatively quiet recently about climate change.
@vmoses1979Ай бұрын
But how does uhv make it cheaper exactly? The cost to build it out should net out the energy efficiency over time.
@ZweiZwolfАй бұрын
@@vmoses1979 Higher transmission efficiency means less energy lost, less initial production required for the same amount delivered for usage. It's generated in western China, where labor and land are less expensive than the urban east.
@KinChainNing25 күн бұрын
Actually for household, if one uses less than 2160kwh every year, the price for each kwh is 0.58CNY, roughly 8cent $. If applied for the peak off peak pricing, the off peak price would be 0.4CNY per kwh.
@laowantongchauАй бұрын
Shinkansen are three Chinese characters meaning New Connect Line or New Track Line. Shin is "New", Kan Sen is "Connect Line". They can be applied to train line, power line, water line etc.
@mourenliu196124 күн бұрын
jp pronunciation lol
@rayx8329Ай бұрын
When I was young, the power in the countryside might be cut off every two weeks. That was the happiest time for us because we didn’t have to study. Although the teacher might ask us to buy candles to light up our studies, we were still much happier than usual nights. , now that I have grown up, my child may not even know what a candle is...
@maxbig359226 күн бұрын
so sad, the kids now have to study everyday without a minute to rest. And parents have to send their kids to foreign countries to study.😢
@comment6864Ай бұрын
i heard some of the VW operations may be moving to Russia, or rather Russia is building plants for making their cars and planning to offer german workers employment there and even a fast path to citizenship eventually.
@john99776Ай бұрын
Another great explanatory video. Thank you.
@cruzn4ever169Ай бұрын
California - electricity $400.00 month
@randygraham926Ай бұрын
Your good friend "market" deregulation -- and PG&E -- one of the worst companies in the world. 🙂"If you need your house barbecued, call PG&E...."🤬
@jasoncummings7052Ай бұрын
Another Goldstar analysis. Im a satisfied subscriber. Thank you sir.
@ericpolak2915Ай бұрын
thanks , good talk
@heetouaepetahui7386Ай бұрын
Good day Kevin, I am living in Australia, originally come from one of the Island in the South Pacific Ocean, French Polynesia. I really like the work you do, it is so professionally done and delivered. Thank and have a lovely day. May always GOOD be with you.
@dacioferreira7127Ай бұрын
Wow. China is so power and big friend with Brazil.
@heinzkoenig883114 күн бұрын
Thanks for your excellent report 👍
@Andrewp226Ай бұрын
$450k Returns the Lord is my saviour in times of my need!!!
@janetfreeman2300Ай бұрын
wow this awesome 👏 I'm 37 and have been looking for ways to be successful, please how??
@Andrewp226Ай бұрын
It's Ms. Susan Jane Christy doing, she's changed my life.
@bernardallen9058Ай бұрын
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
@jonathandyesАй бұрын
Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Susan Jane Christy.
@nicholaslogan7232Ай бұрын
Can't imagine earning $85,000 biweekly, God bless Ms. Susan Jane Christy, God bless America 🇺🇸♥️
@annesim5591Ай бұрын
Thank you. I really appreciate your well-researched and factual reporting, and the closing glimpse of China and your "be good" reminder.
@g.m.8360Ай бұрын
Many know that the reason why E V is so low in the United States is our grid cannot support it so we can’t afford to have too many cars coming in nor do we have the infrastructure to support it 😊
@StephenKelly-ey6neАй бұрын
Good evening Kevin once again thank you.
@hoffrunАй бұрын
UHV allows for any pollution in one area not to contaminate the area where there is larger populations. Would like to see how pollution levels have changed over the years. I remember unimaginable pollution inside factories and airports. I imagine EVs go a long way to reduce pollution as well.
@ZweiZwolfАй бұрын
Solar and wind farms have almost no pollution. Coal peakers generate zero pollution when they're idle, and minimal pollution when they're operating, due to scrubbers and high efficiency.
@zhichaozhang758724 күн бұрын
Very good programme, thank you.
@justingriffin2546Ай бұрын
Germany pays for weapons for zelensky...zelensky orders a bugatti...
@cocoyoung7996Ай бұрын
zelensky orders a bugatti to support Germany's economy, to return that favor
@wawerukamau1260Ай бұрын
@@cocoyoung7996Bugatti is made by Italians
@danutavram831Ай бұрын
Slava Ukraine !!
@henglee312725 күн бұрын
To be exact, household electricity costs 8 cents per kilowatt-hour.
@bryanlee3337Ай бұрын
if electic industry open to business companies, they will ask for profitability, instead of building for future! In UK, the electricity bill is hefty, over $100 USD per month.
@jameslum8822Ай бұрын
My UK cousin tells me she pays £10/day for her energy needs. I was farbargasted.
@greggpon746626 күн бұрын
Australia has switched their energy usage . Shutting down coal peaked plants and installing Chinese solar panels, Tesla batteries and many homes have solar power.
@SSY86374Ай бұрын
Here in San Francisco bayarea, charging EV at home cost about the same compared to owning a gas car. We already have one of the highest gasoline prices in USA 🇺🇸 so owning EV won't save much. Why! Local utilities are for profit, government bureaucracy, stupid over regulations!
@maxbig359226 күн бұрын
in China, my friend charge at home and working in the city everyday, it costs 1 cent per km.😂
@ПИЦКВлад26 күн бұрын
❤❤Great insight, thanks Kevin🙏🙏🙏🙏
@bertanelson8062Ай бұрын
Yes, electricity transmission has long been the problem with the grid due to enormous wastage. Glad China developed a way to mitigate this. In addition, DC current generated by wind & solar is transmitted as DC even though cables are bigger & heavier. This reduces waste in transmission, as I understand. Soon the big thorium reactor is due to go online, if news is still accurate. This ought to have huge effect on electricity supply.
@larsnystrom6698Ай бұрын
High voltage DC long distance transfer is surprisingly efficient.
Wow, good write-up. I read through the whole thing and totally agree with your analyses. Continue to share this info with the rest of Chinese people to strive for in the coming years. Jia you China! You can do it!
@AmineBenbouzidАй бұрын
As always great video, grand insights! Thank you 😊
@silversurfer8237Ай бұрын
Fascinating content. It seems that countries need to decide between free wheeling capitalism and central planning as they try to raise living standards continuously. Clearly greater economies of scale and economic integration require central planning.
@goldenboy3342Ай бұрын
Very interesting. Thank you for the video
@walkertongdeeАй бұрын
China safe Fusion reactors coming online soon.
@larsnystrom6698Ай бұрын
🙂
@randygraham926Ай бұрын
Fusion or thorium nuclear fission reactors? No one is close to fusion reactors.
@shah_en_shahАй бұрын
@@randygraham926 china is moving very close to fusion reactors. There is an old video about this in this channel.
@DordordordАй бұрын
The longest record I know that China made was about 1000 seconds stable controlled reaction. That's years ago, don't know the record now.
@iancassie9840Ай бұрын
thanks appreciate your research
@marcusclarkson5520Ай бұрын
Electricity has to be cheap because of its nature.