Discover and read the best of Twitter Threads about #ndrc
Most recents (6)
This week’s #IPCCReport reiterated that there’s simply no room for new #fossilfuel infrastructure if we’re to keep warming below 1.5C. New guidance by #China's state planner sheds light on 🇨🇳 pledge to stop building #coal projects overseas🧵
@oykusenlen @leonickroberts @byfordt
@oykusenlen @leonickroberts @byfordt
Latest data suggests countries outside 🇨🇳 are considering over 124GW new #coal power projects,much of which was expected to rely on 🇨🇳 public finance. Since Xi’s announcement at #UNGA 2021, the lack of clarity or follow-up has created some confusion bit.ly/3uYf0TA
New guidance by #China’s state planner #NDRC has now shed some light on what it would look like for China to ‘stop further construction’ of coal power plants overseas. There are 3 parts to this new guidance 👇 bit.ly/3jfPp32
A thread: What is China’s energy import/export makeup? Have they historically been net importers? Starting in 2000s, as the economy grows, China becomes less energy dependent. 1/5
Coal dominates as the 2/3 source of energy supply in China. 2/5
The most dramatic domestic production/import mix change over time for China crude. 3/5
4. Is this regulation something new? It is officially codifying existing facts on the ground. The rumor is after the Edu regulation debacle/Edu Minister fired, this is govt trying to set it officially, so private capital doesn’t come in, then got banned, raising another uproar.
5. Will @caixin_intel /@Caijing be banned now? Likely not. They are state owned media, as Twitter labelled them thus, even though in China, they are considered somewhat opposition media and got article censored left and right.
6. What about Weibo/Tencent? First order effect are small because they were only in news distribution business, never in having actual journalists and news creation business. But there are some secondary effects.
1. A recap on #China electricity shortage, National Development and Reform Commission (#NDRC) that’s at the center of news, and what’s next.
2. Like any sudden shortage, it’s demand, supply, low slack and sudden shock. Due to low price of Coal in 2020 right after Covid, and government's push to reduce overcapacity and carbon emissions, coal inventory was low. China electricity is 70%+ coal power.
3. This September 3rd Moody’s report on coal sector was a 2 weeks early to be noticed. They mention 10 largest producers – all SOEs – accounted for nearly 53% of China's coal production in 2020, while three regions represented 70% of total production
moodys.com/research/Moody…
moodys.com/research/Moody…
1/9 A thread of one potential negative wind for #China #growth next few months: manufacturing firms forced to halt production under energy/environmental constraints 能耗双控. Firms in #Jiangsu asked to stop production. Malls asked to delay opening for 1/2 hour to conserve energy.
2/9 Background: 2060 carbon neutrality goal, National Development and Reform Comm.(#NDRC) sets a staged road map2025/30/35. Each province, two annual hard targets need to meet: total energy usage growth and GDP per unit energy used. (in Chinese) in-en.com/article/html/e…
3/9 AUG 7th, #NDRC graded each province in YTD red/yellow/green. Economically important provinces like #Guangdong, #Jiangsu #Fujian red for both targets. #ZheJiang yellow for both.
gov.cn/zhengce/zhengc…
gov.cn/zhengce/zhengc…
Pakistan-China Industrial Cooperation #Thread
(1/10)
Pak-China Industrial cooperation, compounded with the guidance of Chinese experts, will provide an excellent opportunity for Pakistan to strengthen its industrial capacity & capability.
thenews.com.pk/print/638171-c…
(1/10)
Pak-China Industrial cooperation, compounded with the guidance of Chinese experts, will provide an excellent opportunity for Pakistan to strengthen its industrial capacity & capability.
thenews.com.pk/print/638171-c…
(2/10)
CPEC's potential impact on Pakistan has been compared to that of the Marshall Plan by USA in post-war Europe. Analysts predict that CPEC will result in creation of upwards of 2.3 m jobs between 2015–2030, & add 2 to 2.5 % points to the country's annual economic growth.
CPEC's potential impact on Pakistan has been compared to that of the Marshall Plan by USA in post-war Europe. Analysts predict that CPEC will result in creation of upwards of 2.3 m jobs between 2015–2030, & add 2 to 2.5 % points to the country's annual economic growth.
(3/10)
The future of Pakistan lies in export led growth strategy, which makes development of Special Economic Zones (SEZs) vital to improve the country's capacity and to complement the export requirements.
#CPEC #IndustrialCooperation
The future of Pakistan lies in export led growth strategy, which makes development of Special Economic Zones (SEZs) vital to improve the country's capacity and to complement the export requirements.
#CPEC #IndustrialCooperation
