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2 Aug, 10 tweets, 6 min read
31/ "crackdown on the education companies. Beijing has come to realize that a credentialed arms race has all sorts of bad side effects like delayed marriage, fertility collapse and social alienation and radicalization of people with worthless diplomas"
32/ Investors lose ~$1000 billion in a wild week of market shocks. What is going on w China's regulatory authorities going after education companies,BigTech?

Is it Progressive Authoritarianism for the middle class? Superb piece by @hancocktom @TomOrlik bloomberg.com/news/articles/… Image
33/ "China quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items including X-ray machines and magnetic resonance imaging equipment, erecting fresh barriers for foreign suppliers." reuters.com/business/aeros…
34/ China's anti-Robber Baron moment? New five-year regulatory effort on Edu & Technology-related sectors on issues like overseas listings, antitrust, privacy.

“looking after middle-class people both in their role as consumers & in their role as workers” ft.com/content/bdcbbd…
35/ Forget 'varieties of capitalism'. We need a 'varieities of corruption' literature. Her fabulous essay on the Robber Barons of Beijing should make you run out to get @yuenyuenang's seminal book
foreignaffairs.com/articles/asia/…

book: sites.lsa.umich.edu/yy-ang/wp-cont…
36/ "Since Trump's trade war, there has been a total increase of about $200 billion in tariffs from China. For e-commerce companies, this means direct China-US trade has become too expensive. The solution? Mexico."
ht Spencer Potiker @CharmaineSChua
37/ Beijing is popping China’s $52 Trillion property bubble that caused:
underinvestment in industry (crowding out effect)
decline in R&D (talent going to RE)
low consumer spending (tightening belts to save for pricier houses)
low growth (fewer babies)
38/“How China Avoided Shock Therapy” changes the terms of the debate.@IsabellaMWeber's Q is not...how 🇨🇳benefited from opening up,but how it succeeded in avoiding the disaster that integration into the world economy was to become for the Soviet"@adam_tooze noemamag.com/how-china-avoi…
39/ Don't stop at #EvergrandeCrisis. NOTHING in China can be understood without the forced-pace urbanization of 21stC. A nexus of credit-boom housing as families accumulated private assets off the public land that local party elites flogged off @Birdyword
wsj.com/articles/china… Image
40/ Can China continue to RIDE THE TIGER w new green growth model? "difficult to shift to a new growth model because constituencies that have...benefitted from the old model tend to be disproportionately powerful politically, and block attempts to adjust."

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More from @70sBachchan

Albert Pinto Profile picture
8 Aug
Everyone please read Project Drawdown drawdown.org/solutions/tabl…
We need to weave many different climate solutions in this decade & all hands required on deck! ht @GlobalEcoGuy globalecoguy.org/we-need-4-wave…
1 Quick Wins
2 New Infrastructure
3 Growing Natural Sinks
4 Deploying New Tech
2/ " “Quick Win” solutions focus on halting highly destructive practices, such as widespread deforestation, flaring and fugitive emissions of methane, and “black carbon” emissions from dirty cookstoves, biomass burning, and other sources" drawdown.org/solutions/tabl…
3/ There are obstacles to implementing all of these "Quick Win" solutions, of course, but they offer large and immediate emissions reductions, plus strong economic returns. They are among the lowest hanging fruits globalecoguy.org/we-need-4-wave…
Project drawdown: drawdown.org/solutions/tabl… Image
Read 9 tweets
Albert Pinto Profile picture
7 Aug
21/ "While policymakers in advanced economies...argue about whether...aggressive fiscal stimulus...will generate inflation...inflation has already reached the developing world in the form of rapidly rising global commodity prices incl food"
ht @Jayati1609 foreignpolicy.com/2021/08/05/eme…
22/ "Once it is recognised that the US external accounts are driven less by relative goods and service demand—that is by real goods and services—and more by global demand for US financial assets..."

@GeneralTheorist on the world dollars make & unmake moneyinsideout.exantedata.com/p/the-end-of-b…
23/ EM banks borrow heavily in dollars.Dollar appreciations lead to contraction in EM banks net worth because the currency value of local assets declines while $ liabilities increase.That leads to declines in credit & invtmnt in EM federalreserve.gov/econres/ifdp/f…
Read 8 tweets
Albert Pinto Profile picture
28 Jul
"Obama attempted to accelerate the completion of seven major new transmission lines. Only two were finished. Since 2009, China has built more than 18,000 miles of ultrahigh-voltage transmission lines. The U.S. has built zero."
@yayitsrob on ELECTRIC MAGIC
theatlantic.com/science/archiv…
2/Like many countries, China's demand centers (on coasts) are far away from wind,solar & hydro regions (North,West). Engineering solution to Renewables variability problem is to connect large regions w Hi-Voltage Grids. But politics gets in the way. Thread
3/ You must keep the largest interconnected machines on EARTH alive while it is being whacked by heatwaves, floods, hurricanes, thunderbolts from the sky, and even hackers in basements god-knows-where.
Thread on the US GRID
Read 11 tweets
Albert Pinto Profile picture
6 Jul
65/ "Economic policies are climate policies now"
Heavyweight fight between NDRC and Ministry of Environment over authority to shut coal power & heavy industry.

China puts its most powerful government agency in charge of cutting greenhouse gas emissions
bloomberg.com/news/articles/…
66/ China launches national emissions-trading program. At a stroke, creating the world’s largest carbon market & doubling the share of global emissions covered. It will have ripple effects in every country. Great WSJ explainer video @shashamimi @ByXiaoXiao wsj.com/articles/china… Image
67/ "Chinese nuclear capacity has to grow by 5x (at least) if the 2060 carbon neutrality goal is to be realized
...don't see how that will be done with conventional U-235 fission tech. It will be thorium,or natural uranium,in one of these 4th gen reactors"
Read 6 tweets
Albert Pinto Profile picture
5 Jul
Historic verdict: US-trained former Honduran army intelligence officer who was the president of an internationally-financed hydroelectric company has been found guilty over the assassination of the indigenous environmentalist Berta Cáceres. theguardian.com/world/2021/jul…
2/ Lawyers: "murder was the grand finale in a campaign of terror carried out by a wider criminal structure including company executives & state officials against Cáceres & her organization Copinh (Council of Popular & Indigenous Organizations of Honduras)" theguardian.com/world/2021/jul…
3/“Their audacity, determination & dignity to resist, defend and triumph over this corrupt system sets a precedent. We have nothing to thank the justice system for. It was they who persecuted Berta; they criminalized her & displaced her. This victory is a result of our militancy”
Read 4 tweets
Albert Pinto Profile picture
4 Jul
We aren't made of stars as much as we are made of fossil-fueled fired Nitrogen fertilizers!

No Haber-bosch, no population boom & ironically no mass bombing in WW1/2 (fertilizers, bombs are both nitrogen-based. H-B first used to make explosives, per Smil) nature.com/articles/22672
2/ "What is the most important invention of the twentieth century? Aeroplanes, nuclear energy, space flight, television and computers will be the most common answers. Yet none of these can match the synthesis of ammonia from its elements"
Smil on NITROGEN
vaclavsmil.com/wp-content/upl… Image
3/ Agricultural yields are proportional to use of Nitrogen fertilizers. Making Nitrogen via Haber-bosch's fossil fueled process was key to 20thC population boom.

1 in 2 ppl alive on planet today wouldn't be here without Haber-Bosch
nature.com/articles/ngeo3…
pdfs.semanticscholar.org/9ef1/254c1b762… ImageImage
Read 4 tweets

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