China’s power consumption increased 8.8 percent in August. Total power usage is on track to about 6800 bilion kWh for all of 2018.
China’s total installed power generation capacity reached 1,746.42 gigawatts at the end of August.
US installed power generation is about 1,090 gigawatts.
Total power use 652.1 Aug 8.8% increase Y/Y
4,529.6 billion kWh (Jan-Aug)
Total 1,746.42 GW 5.4 Hydropower 303.7GW +3.2% Coal 1,111.5 GW +3.2% Nuclear 38.0 GW +9.5% Wind 174.0 GW +11.5%
Nuclear and solar power generation (kWh) went up 16.9 percent and 12.2 percent year on year.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
This is bad.. Quite bad..
This is bad..Quite bad..
This is another evidence that China’s GDP is growing much faster than China’s government data show us. Closer to 10% per year instead 6-7% per year. More and more economists, analysts who digg deep into data are slowly discovering that China’s true size of economy is understated by around 15-30%, so in PPP terms it is already around $29 trillion this year. 50% larger than US. You may ask, why are they doing it? Chinese have different mentality than Westerners, they know their potential, they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit. China wants for a while to hide her true strenght, and from perspective of such powerful yet still developing civilization, if you think about it for a bit, it makes perfect sense. They want to have more time to become more advanced technologically and close the gap with the West. China is also using other methods to calculate its GDP, if US would use the same methods, US GDP would be 20-30% or even more smaller than official 20 trillion. If you look at data, like steel, cement production, cars production, machinery production, ore consumption, electricity consumption and electricity consumption growth, Venture capital activity(already much bigger than US) you may wonder if it isn’t even bigger than $30 trillion.
If China lowers their energy costs by mass producing nuclear power, will the west follow or will they just watch China pull ahead? China is also pursuing liquid salt reactors that may be much cheaper and (completely) safe. If they make it with this technology, will the west just say, “oh well, let them have cheap energy..” or will the west change course?
This is another evidence that China’s GDP is growing much faster than China’s government data show us. Closer to 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} per year instead 6-7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} per year.More and more economists analysts who digg deep into data are slowly discovering that China’s true size of economy is understated by around 15-30{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} so in PPP terms it is already around $29 trillion this year. 50{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} larger than US.You may ask why are they doing it? Chinese have different mentality than Westerners they know their potential they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit. China wants for a while to hide her true strenght and from perspective of such powerful yet still developing civilization if you think about it for a bit it makes perfect sense.They want to have more time to become more advanced technologically and close the gap with the West.China is also using other methods to calculate its GDP if US would use the same methods US GDP would be 20-30{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} or even more smaller than official 20 trillion.If you look at data like steel cement production cars production machinery production ore consumption electricity consumption and electricity consumption growth Venture capital activity(already much bigger than US) you may wonder if it isn’t even bigger than $30 trillion.
If China lowers their energy costs by mass producing nuclear power will the west follow or will they just watch China pull ahead? China is also pursuing liquid salt reactors that may be much cheaper and (completely) safe. If they make it with this technology will the west just say oh well”” let them have cheap energy..”” or will the west change course?”””
Thanks for the parenthetical clarification “(completely) safe.” It must be so, because you say so.
completely safe” What a superlative! Superlaxative?
Thanks for the parenthetical clarification (completely) safe.”” It must be so”””” because you say so.”””
completely safe””What a superlative! Superlaxative?”””
If China gets Molten Salt reactors to work and they are cheap there will be a market for them. People think its the anti-nuke people keeping nukes down. That is only partially true. The main thing keeping nuke down is that it is more expensive that natural gas power plants.
Partially correct because of the real estate bubble. But be aware that some countries don’t waste as much energy at the US to keep the night away.
There is also the fact that the Chinese do a lot of their business undercover. A relic from the days when private enterprise was frown on.
Not good for a country where most of the population lives close to the water and the climate is warm. China also has an history of very devastating floods.
Seems too fantastic, they’re fooling around with nuclear for decades yet the share is still a measly 2.18%. I’m thoroughly pessimistic about any “mass production” of nuclear power happening. Maybe if all the coal and gas runs out…
You would expect China to use more power than the USA – they have 4 times the population for a start. In any case energy use does not tell you how big the economy is as such things as efficiency in generation, transportation and usage have huge effects. New clever industries tend to use far less raw power and with distributed power systems together with AI it may be possible to get away with far less. The first Bolton & Watt steam engine was a great deal less efficient than their later ones and even the first one with a separate condenser was far better than the earlier ones. So there we have it in a nutshell.
Wrong. In fact, it is probably BS ‘evidence’ too. The real test: Night-time satellite surveillance over settled areas. There is a direct correspondence between prosperity levels and the amount of light pollution given off at night. And, it can’t be faked. For China, its all the ghost cities that aren’t lit up at night. Exposes a big part of the GDP fraud (yes…building ghost cities is technically GDP activity…but doesn’t bely ‘real’ economic activity driven by actual market need. At least lawyers that get counted into GDP do so because people hire them via market demand.) PPP? I’d LOVE to see China…or any other nation…purchase oil from world markets via ‘PPP’. Back in the 90s, everyone was saying that the Japanese were richer than America. The entire grounds of the Imperial Palace in Tokyo had a land value greater than the entire state of New Jersey, etc., etc. Same BS.
Look at all that CO2! Burn, baby! Burn!
If China gets Molten Salt reactors to work and they are cheap there will be a market for them. People think its the anti-nuke people keeping nukes down. That is only partially true. The main thing keeping nuke down is that it is more expensive that natural gas power plants.
Partially correct because of the real estate bubble. But be aware that some countries don’t waste as much energy at the US to keep the night away.
There is also the fact that the Chinese do a lot of their business undercover. A relic from the days when private enterprise was frown on.
Not good for a country where most of the population lives close to the water and the climate is warm. China also has an history of very devastating floods.
Seems too fantastic they’re fooling around with nuclear for decades yet the share is still a measly 2.18{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. I’m thoroughly pessimistic about any mass production”” of nuclear power happening.Maybe if all the coal and gas runs out…”””
You would expect China to use more power than the USA – they have 4 times the population for a start. In any case energy use does not tell you how big the economy is as such things as efficiency in generation transportation and usage have huge effects. New clever industries tend to use far less raw power and with distributed power systems together with AI it may be possible to get away with far less. The first Bolton & Watt steam engine was a great deal less efficient than their later ones and even the first one with a separate condenser was far better than the earlier ones. So there we have it in a nutshell.
Wrong. In fact it is probably BS ‘evidence’ too.The real test: Night-time satellite surveillance over settled areas. There is a direct correspondence between prosperity levels and the amount of light pollution given off at night. And it can’t be faked.For China its all the ghost cities that aren’t lit up at night. Exposes a big part of the GDP fraud (yes…building ghost cities is technically GDP activity…but doesn’t bely ‘real’ economic activity driven by actual market need. At least lawyers that get counted into GDP do so because people hire them via market demand.)PPP? I’d LOVE to see China…or any other nation…purchase oil from world markets via ‘PPP’. Back in the 90s everyone was saying that the Japanese were richer than America. The entire grounds of the Imperial Palace in Tokyo had a land value greater than the entire state of New Jersey etc. etc.Same BS.
Look at all that CO2! Burn baby! Burn!
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day. Warren looks like common sense is not your strong suit. Critical thinking, you should try it sometime before mindlessly flailing your hands across the keyboard and then clicking post. Anyone with two braincells to rub together can see that a factory with state of the art equipment and a factory with aged outdated equipment has the same number of lights turned on at night
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day. Warren looks like common sense is not your strong suit. Critical thinking you should try it sometime before mindlessly flailing your hands across the keyboard and then clicking post. Anyone with two braincells to rub together can see that a factory with state of the art equipment and a factory with aged outdated equipment has the same number of lights turned on at night
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day.” Where did I EVER SAY such a thing? Nowhere.
Just think… they were melting their farm implements into pig iron during the great leap forward. Now look at ’em! Keeping the lights on and everything! I’m so proud of their progress!
Very true – China been toying with nuclear for decades – progress very modest.
Light pollution would be a very good indicator of prosperity. I see no fault in WTA’s logic there. Your attack is weak; makes WTA look good.
Like North Korea?
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day.””Where did I EVER SAY such a thing? Nowhere.”””
Just think… they were melting their farm implements into pig iron during the great leap forward. Now look at ’em! Keeping the lights on and everything! I’m so proud of their progress!
Very true – China been toying with nuclear for decades – progress very modest.
Light pollution would be a very good indicator of prosperity. I see no fault in WTA’s logic there. Your attack is weak; makes WTA look good.
Like North Korea?
Yes, most investigators would agree with you. They’ve got assets stashed everywhere.
As I was saying , as was say in Italy, testicles go by pairs Even if some times testicles are more than two
Warren is a throll and people should start to ignore him.. bit.ly/2MeWYZT Just look here Who is the “guy” ..
Still the US consumes WAY more than other nations per capita We need to stop them
Yes most investigators would agree with you. They’ve got assets stashed everywhere.
As I was saying as was say in Italy testicles go by pairs Even if some times testicles are more than two
Warren is a throll and people should start to ignore him.. bit.ly/2MeWYZTJust look here Who is the guy”” ..”””
Still the US consumes WAY more than other nations per capita We need to stop them
Light pollution is actually not a good indicator for China’s economic status. The reason is because they do not have street lights. Seriously. Cities like Tokyo and Seoul are lit up like christmas trees at night because of all of the street lighting. Beijing and Shanghai in comparison are relatively dark at night. It took me a while to notice this when i was in Shanghai about 10 years ago. The place seemed really dark at night. When I got to Seoul (during the same trip) I realized right away. If you are in China you will notice the light of street lighting at night. The darkness of China’s cities and town is rather spooky to someone who is used to lots of street lighting at night.
Well, the China pessimists were using the lack of growth in electrical consumption of China as evidence that their economy was stagnant. If their electrical consumption is increasing again, does that mean the same pessimists will use the same data to change their outlook for China?
Light pollution is actually not a good indicator for China’s economic status. The reason is because they do not have street lights. Seriously. Cities like Tokyo and Seoul are lit up like christmas trees at night because of all of the street lighting. Beijing and Shanghai, in comparison, are relatively dark at night. It took me a while to notice this when i was in Shanghai about 10 years ago. The place seemed really dark at night. When I got to Seoul (during the same trip), I realized right away. If you are in China, you will notice the light of street lighting at night. The darkness of China’s cities and town is rather spooky to someone who is used to lots of street lighting at night.
Well the China pessimists were using the lack of growth in electrical consumption of China as evidence that their economy was stagnant. If their electrical consumption is increasing again does that mean the same pessimists will use the same data to change their outlook for China?
Yes, like North Korea. Actually like every other country in the world. I used to do some star gazing when I was younger. I live in the suburbs. The street lights are the new LED lights. They are crazy bright. My wife had to call the village to asked them to turn it down. Was interfering with our sleep. It doesn’t make sense to even try looking at the stars now a days. Had a black out about a year ago. Was without lights for about 3 day. Do you know that there are still stars in the sky? And that people can see in the dark once your eyes get accustomed to it. We need to stop being so scared and to welcome back the night.
Yes like North Korea. Actually like every other country in the world. I used to do some star gazing when I was younger. I live in the suburbs. The street lights are the new LED lights. They are crazy bright. My wife had to call the village to asked them to turn it down. Was interfering with our sleep. It doesn’t make sense to even try looking at the stars now a days. Had a black out about a year ago. Was without lights for about 3 day. Do you know that there are still stars in the sky? And that people can see in the dark once your eyes get accustomed to it. We need to stop being so scared and to welcome back the night.
Yes, like North Korea. Actually like every other country in the world. I used to do some star gazing when I was younger. I live in the suburbs. The street lights are the new LED lights. They are crazy bright. My wife had to call the village to asked them to turn it down. Was interfering with our sleep. It doesn’t make sense to even try looking at the stars now a days. Had a black out about a year ago. Was without lights for about 3 day. Do you know that there are still stars in the sky? And that people can see in the dark once your eyes get accustomed to it. We need to stop being so scared and to welcome back the night.
Yes like North Korea. Actually like every other country in the world. I used to do some star gazing when I was younger. I live in the suburbs. The street lights are the new LED lights. They are crazy bright. My wife had to call the village to asked them to turn it down. Was interfering with our sleep. It doesn’t make sense to even try looking at the stars now a days. Had a black out about a year ago. Was without lights for about 3 day. Do you know that there are still stars in the sky? And that people can see in the dark once your eyes get accustomed to it. We need to stop being so scared and to welcome back the night.
Well, the China pessimists were using the lack of growth in electrical consumption of China as evidence that their economy was stagnant. If their electrical consumption is increasing again, does that mean the same pessimists will use the same data to change their outlook for China?
Well the China pessimists were using the lack of growth in electrical consumption of China as evidence that their economy was stagnant. If their electrical consumption is increasing again does that mean the same pessimists will use the same data to change their outlook for China?
Light pollution is actually not a good indicator for China’s economic status. The reason is because they do not have street lights. Seriously. Cities like Tokyo and Seoul are lit up like christmas trees at night because of all of the street lighting. Beijing and Shanghai, in comparison, are relatively dark at night. It took me a while to notice this when i was in Shanghai about 10 years ago. The place seemed really dark at night. When I got to Seoul (during the same trip), I realized right away. If you are in China, you will notice the light of street lighting at night. The darkness of China’s cities and town is rather spooky to someone who is used to lots of street lighting at night.
Light pollution is actually not a good indicator for China’s economic status. The reason is because they do not have street lights. Seriously. Cities like Tokyo and Seoul are lit up like christmas trees at night because of all of the street lighting. Beijing and Shanghai in comparison are relatively dark at night. It took me a while to notice this when i was in Shanghai about 10 years ago. The place seemed really dark at night. When I got to Seoul (during the same trip) I realized right away. If you are in China you will notice the light of street lighting at night. The darkness of China’s cities and town is rather spooky to someone who is used to lots of street lighting at night.
Yes, like North Korea. Actually like every other country in the world. I used to do some star gazing when I was younger. I live in the suburbs. The street lights are the new LED lights. They are crazy bright. My wife had to call the village to asked them to turn it down. Was interfering with our sleep. It doesn’t make sense to even try looking at the stars now a days. Had a black out about a year ago. Was without lights for about 3 day. Do you know that there are still stars in the sky? And that people can see in the dark once your eyes get accustomed to it. We need to stop being so scared and to welcome back the night.
Well, the China pessimists were using the lack of growth in electrical consumption of China as evidence that their economy was stagnant. If their electrical consumption is increasing again, does that mean the same pessimists will use the same data to change their outlook for China?
Light pollution is actually not a good indicator for China’s economic status. The reason is because they do not have street lights. Seriously. Cities like Tokyo and Seoul are lit up like christmas trees at night because of all of the street lighting. Beijing and Shanghai, in comparison, are relatively dark at night. It took me a while to notice this when i was in Shanghai about 10 years ago. The place seemed really dark at night. When I got to Seoul (during the same trip), I realized right away. If you are in China, you will notice the light of street lighting at night. The darkness of China’s cities and town is rather spooky to someone who is used to lots of street lighting at night.
Yes, most investigators would agree with you. They’ve got assets stashed everywhere.
Yes most investigators would agree with you. They’ve got assets stashed everywhere.
As I was saying , as was say in Italy, testicles go by pairs Even if some times testicles are more than two
As I was saying as was say in Italy testicles go by pairs Even if some times testicles are more than two
Warren is a throll and people should start to ignore him.. bit.ly/2MeWYZT Just look here Who is the “guy” ..
Warren is a throll and people should start to ignore him.. bit.ly/2MeWYZTJust look here Who is the guy”” ..”””
Still the US consumes WAY more than other nations per capita We need to stop them
Still the US consumes WAY more than other nations per capita We need to stop them
Like North Korea?
Like North Korea?
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day.” Where did I EVER SAY such a thing? Nowhere.
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day.””Where did I EVER SAY such a thing? Nowhere.”””
Just think… they were melting their farm implements into pig iron during the great leap forward. Now look at ’em! Keeping the lights on and everything! I’m so proud of their progress!
Just think… they were melting their farm implements into pig iron during the great leap forward. Now look at ’em! Keeping the lights on and everything! I’m so proud of their progress!
Very true – China been toying with nuclear for decades – progress very modest.
Very true – China been toying with nuclear for decades – progress very modest.
Light pollution would be a very good indicator of prosperity. I see no fault in WTA’s logic there. Your attack is weak; makes WTA look good.
Light pollution would be a very good indicator of prosperity. I see no fault in WTA’s logic there. Your attack is weak; makes WTA look good.
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day. Warren looks like common sense is not your strong suit. Critical thinking, you should try it sometime before mindlessly flailing your hands across the keyboard and then clicking post. Anyone with two braincells to rub together can see that a factory with state of the art equipment and a factory with aged outdated equipment has the same number of lights turned on at night
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day. Warren looks like common sense is not your strong suit. Critical thinking you should try it sometime before mindlessly flailing your hands across the keyboard and then clicking post. Anyone with two braincells to rub together can see that a factory with state of the art equipment and a factory with aged outdated equipment has the same number of lights turned on at night
If China gets Molten Salt reactors to work and they are cheap there will be a market for them. People think its the anti-nuke people keeping nukes down. That is only partially true. The main thing keeping nuke down is that it is more expensive that natural gas power plants.
If China gets Molten Salt reactors to work and they are cheap there will be a market for them. People think its the anti-nuke people keeping nukes down. That is only partially true. The main thing keeping nuke down is that it is more expensive that natural gas power plants.
Partially correct because of the real estate bubble. But be aware that some countries don’t waste as much energy at the US to keep the night away.
Partially correct because of the real estate bubble. But be aware that some countries don’t waste as much energy at the US to keep the night away.
There is also the fact that the Chinese do a lot of their business undercover. A relic from the days when private enterprise was frown on.
There is also the fact that the Chinese do a lot of their business undercover. A relic from the days when private enterprise was frown on.
Not good for a country where most of the population lives close to the water and the climate is warm. China also has an history of very devastating floods.
Not good for a country where most of the population lives close to the water and the climate is warm. China also has an history of very devastating floods.
Seems too fantastic, they’re fooling around with nuclear for decades yet the share is still a measly 2.18%. I’m thoroughly pessimistic about any “mass production” of nuclear power happening. Maybe if all the coal and gas runs out…
Seems too fantastic they’re fooling around with nuclear for decades yet the share is still a measly 2.18{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. I’m thoroughly pessimistic about any mass production”” of nuclear power happening.Maybe if all the coal and gas runs out…”””
You would expect China to use more power than the USA – they have 4 times the population for a start. In any case energy use does not tell you how big the economy is as such things as efficiency in generation, transportation and usage have huge effects. New clever industries tend to use far less raw power and with distributed power systems together with AI it may be possible to get away with far less. The first Bolton & Watt steam engine was a great deal less efficient than their later ones and even the first one with a separate condenser was far better than the earlier ones. So there we have it in a nutshell.
You would expect China to use more power than the USA – they have 4 times the population for a start. In any case energy use does not tell you how big the economy is as such things as efficiency in generation transportation and usage have huge effects. New clever industries tend to use far less raw power and with distributed power systems together with AI it may be possible to get away with far less. The first Bolton & Watt steam engine was a great deal less efficient than their later ones and even the first one with a separate condenser was far better than the earlier ones. So there we have it in a nutshell.
Wrong. In fact, it is probably BS ‘evidence’ too. The real test: Night-time satellite surveillance over settled areas. There is a direct correspondence between prosperity levels and the amount of light pollution given off at night. And, it can’t be faked. For China, its all the ghost cities that aren’t lit up at night. Exposes a big part of the GDP fraud (yes…building ghost cities is technically GDP activity…but doesn’t bely ‘real’ economic activity driven by actual market need. At least lawyers that get counted into GDP do so because people hire them via market demand.) PPP? I’d LOVE to see China…or any other nation…purchase oil from world markets via ‘PPP’. Back in the 90s, everyone was saying that the Japanese were richer than America. The entire grounds of the Imperial Palace in Tokyo had a land value greater than the entire state of New Jersey, etc., etc. Same BS.
Wrong. In fact it is probably BS ‘evidence’ too.The real test: Night-time satellite surveillance over settled areas. There is a direct correspondence between prosperity levels and the amount of light pollution given off at night. And it can’t be faked.For China its all the ghost cities that aren’t lit up at night. Exposes a big part of the GDP fraud (yes…building ghost cities is technically GDP activity…but doesn’t bely ‘real’ economic activity driven by actual market need. At least lawyers that get counted into GDP do so because people hire them via market demand.)PPP? I’d LOVE to see China…or any other nation…purchase oil from world markets via ‘PPP’. Back in the 90s everyone was saying that the Japanese were richer than America. The entire grounds of the Imperial Palace in Tokyo had a land value greater than the entire state of New Jersey etc. etc.Same BS.
Look at all that CO2! Burn, baby! Burn!
Look at all that CO2! Burn baby! Burn!
Yes, most investigators would agree with you. They’ve got assets stashed everywhere.
Thanks for the parenthetical clarification “(completely) safe.” It must be so, because you say so.
Thanks for the parenthetical clarification (completely) safe.”” It must be so”””” because you say so.”””
completely safe” What a superlative! Superlaxative?
completely safe””What a superlative! Superlaxative?”””
As I was saying , as was say in Italy, testicles go by pairs
Even if some times testicles are more than two
Warren is a throll and people should start to ignore him..
bit.ly/2MeWYZT
Just look here
Who is the “guy” ..
Still the US consumes WAY more than other nations per capita
We need to stop them
This is another evidence that China’s GDP is growing much faster than China’s government data show us. Closer to 10% per year instead 6-7% per year. More and more economists, analysts who digg deep into data are slowly discovering that China’s true size of economy is understated by around 15-30%, so in PPP terms it is already around $29 trillion this year. 50% larger than US. You may ask, why are they doing it? Chinese have different mentality than Westerners, they know their potential, they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit. China wants for a while to hide her true strenght, and from perspective of such powerful yet still developing civilization, if you think about it for a bit, it makes perfect sense. They want to have more time to become more advanced technologically and close the gap with the West. China is also using other methods to calculate its GDP, if US would use the same methods, US GDP would be 20-30% or even more smaller than official 20 trillion. If you look at data, like steel, cement production, cars production, machinery production, ore consumption, electricity consumption and electricity consumption growth, Venture capital activity(already much bigger than US) you may wonder if it isn’t even bigger than $30 trillion.
This is another evidence that China’s GDP is growing much faster than China’s government data show us. Closer to 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} per year instead 6-7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} per year.More and more economists analysts who digg deep into data are slowly discovering that China’s true size of economy is understated by around 15-30{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} so in PPP terms it is already around $29 trillion this year. 50{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} larger than US.You may ask why are they doing it? Chinese have different mentality than Westerners they know their potential they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit. China wants for a while to hide her true strenght and from perspective of such powerful yet still developing civilization if you think about it for a bit it makes perfect sense.They want to have more time to become more advanced technologically and close the gap with the West.China is also using other methods to calculate its GDP if US would use the same methods US GDP would be 20-30{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} or even more smaller than official 20 trillion.If you look at data like steel cement production cars production machinery production ore consumption electricity consumption and electricity consumption growth Venture capital activity(already much bigger than US) you may wonder if it isn’t even bigger than $30 trillion.
If China lowers their energy costs by mass producing nuclear power, will the west follow or will they just watch China pull ahead? China is also pursuing liquid salt reactors that may be much cheaper and (completely) safe. If they make it with this technology, will the west just say, “oh well, let them have cheap energy..” or will the west change course?
If China lowers their energy costs by mass producing nuclear power will the west follow or will they just watch China pull ahead? China is also pursuing liquid salt reactors that may be much cheaper and (completely) safe. If they make it with this technology will the west just say oh well”” let them have cheap energy..”” or will the west change course?”””
Like North Korea?
“Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day.”
Where did I EVER SAY such a thing?
Nowhere.
Just think… they were melting their farm implements into pig iron during the great leap forward. Now look at ’em! Keeping the lights on and everything! I’m so proud of their progress!
Very true – China been toying with nuclear for decades – progress very modest.
Light pollution would be a very good indicator of prosperity. I see no fault in WTA’s logic there. Your attack is weak; makes WTA look good.
This is bad.. Quite bad..
This is bad..Quite bad..
Only warren is dumb enough to think that a person working at night with the lights turned on is generating more economic value than if instead he slept at night and worked during the day.
Warren looks like common sense is not your strong suit. Critical thinking, you should try it sometime before mindlessly flailing your hands across the keyboard and then clicking post.
Anyone with two braincells to rub together can see that a factory with state of the art equipment and a factory with aged outdated equipment has the same number of lights turned on at night
If China gets Molten Salt reactors to work and they are cheap there will be a market for them. People think its the anti-nuke people keeping nukes down. That is only partially true. The main thing keeping nuke down is that it is more expensive that natural gas power plants.
Partially correct because of the real estate bubble. But be aware that some countries don’t waste as much energy at the US to keep the night away.
There is also the fact that the Chinese do a lot of their business undercover. A relic from the days when private enterprise was frown on.
Not good for a country where most of the population lives close to the water and the climate is warm. China also has an history of very devastating floods.
Seems too fantastic, they’re fooling around with nuclear for decades yet the share is still a measly 2.18%. I’m thoroughly pessimistic about any “mass production” of nuclear power happening.
Maybe if all the coal and gas runs out…
You would expect China to use more power than the USA – they have 4 times the population for a start. In any case energy use does not tell you how big the economy is as such things as efficiency in generation, transportation and usage have huge effects. New clever industries tend to use far less raw power and with distributed power systems together with AI it may be possible to get away with far less. The first Bolton & Watt steam engine was a great deal less efficient than their later ones and even the first one with a separate condenser was far better than the earlier ones. So there we have it in a nutshell.
Wrong. In fact, it is probably BS ‘evidence’ too.
The real test: Night-time satellite surveillance over settled areas. There is a direct correspondence between prosperity levels and the amount of light pollution given off at night. And, it can’t be faked.
For China, its all the ghost cities that aren’t lit up at night. Exposes a big part of the GDP fraud (yes…building ghost cities is technically GDP activity…but doesn’t bely ‘real’ economic activity driven by actual market need. At least lawyers that get counted into GDP do so because people hire them via market demand.)
PPP? I’d LOVE to see China…or any other nation…purchase oil from world markets via ‘PPP’.
Back in the 90s, everyone was saying that the Japanese were richer than America. The entire grounds of the Imperial Palace in Tokyo had a land value greater than the entire state of New Jersey, etc., etc.
Same BS.
Look at all that CO2! Burn, baby! Burn!
Thanks for the parenthetical clarification “(completely) safe.”
It must be so, because you say so.
“completely safe”
What a superlative! Superlaxative?
This is another evidence that China’s GDP is growing much faster than China’s government data show us. Closer to 10% per year instead 6-7% per year.
More and more economists, analysts who digg deep into data are slowly discovering that China’s true size of economy is understated by around 15-30%, so in PPP terms it is already around $29 trillion this year. 50% larger than US.
You may ask, why are they doing it? Chinese have different mentality than Westerners, they know their potential, they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit.
China wants for a while to hide her true strenght, and from perspective of such powerful yet still developing civilization, if you think about it for a bit, it makes perfect sense.
They want to have more time to become more advanced technologically and close the gap with the West.
China is also using other methods to calculate its GDP, if US would use the same methods, US GDP would be 20-30% or even more smaller than official 20 trillion.
If you look at data, like steel, cement production, cars production, machinery production, ore consumption, electricity consumption and electricity consumption growth, Venture capital activity(already much bigger than US) you may wonder if it isn’t even bigger than $30 trillion.
If China lowers their energy costs by mass producing nuclear power, will the west follow or will they just watch China pull ahead? China is also pursuing liquid salt reactors that may be much cheaper and (completely) safe. If they make it with this technology, will the west just say, “oh well, let them have cheap energy..” or will the west change course?
This is bad..
Quite bad..