China power - econ & policy analysis for RE, nuclear, coal, markets, grid.
12-yr migrant, currently SH
Rural development enthusiast
@HopkinsNanjing
@LantauGroup
11 subscribers
Secondary industry was up an underwhelming 2.7% YoY. This is the lowest YoY growth I've seen since I started tracking this dataset last year. 
It turns out, Boss Liu has turned his huge personal home into a veritable museum, a monument to Tibetan art, culture, and craftmanship.
It was breezy, and the sky was blue with wispy white clouds. The air still held a touch of last night's coolness, which yielded as the sun rose higher and lit up golden corn in the fields.
First off, the tier system is not an official ranking from the Chinese government.
On my first evening, I relaxed in the lobby and chatted to the front desk attendant, a young Tibetan guy (late 20s) who was usually reclined behind the desk, playing on his phone.
One is a new college graduate who becomes an employee at a SOE chemical plant, one becomes the quintessential hustler/private entrepreneur, and one is a former PLA soldier appointed party secretary of his hometown village.
On income growth and the rural/urban income gasp over the last decade:
Linxia Hui AP lies about 100km southwest of Lanzhou, with a total population of ~2 million. Linxia is the name for both the autonomous prefecture and its capital city.
First,when you chat to people in China, talking about real estate is like discussing the weather. Every adult will talk about it, and everyone, no matter who or where they are, says it's expensive.
The softer growth was most apparent in the secondary industry segment, which was up 5% YoY. At this time last year, power consumption had stabilized, so we can't attribute this to a skewed base effect.
Worth highlighting here is the good pace maintained to go from approval to FCD (First Concrete Date).
First: Saying "energy type A costs X$ compared to energy type B" is always a red flag.