China’s power crunch may be its next economic shock ๐จ๐ณ ⚡️
— Stephen Stapczynski (@SStapczynski) September 26, 2021
The worsening power crunch in China reflects tight energy supply globally
The post-Covid recovery has boosted power demand just as lower investment by miners and drillers constrains fuel outputhttps://t.co/62AMvAxEq1
China’s energy crisis is partially of its own making as President Xi Jinping tries to ensure blue skies at the Winter Olympics in Beijing next February and show the international community he’s serious about de-carbonizing the economyhttps://t.co/bDpIrX9U4c
— Stephen Stapczynski (@SStapczynski) September 26, 2021
The impact on China’s economy is already emerging:
— Stephen Stapczynski (@SStapczynski) September 26, 2021
๐ญ Aluminum output was curtailed due to pressure from Beijing
๐พ Soybean crushers were ordered to shut this week in Tianjin
๐ก In Jiangsu, steel mills have closed and some cities are turning off street lights
One of the underlying issues in China is that a record-breaking surge in coal prices makes it unprofitable for many power plants to operate
— Stephen Stapczynski (@SStapczynski) September 26, 2021
So why produce power if you're gonna lose $$$? pic.twitter.com/Dn3d0oG042
Earlier this month, the Beijing Electric Power Industry Association asked authorities for permission to raise electricity rates as coal prices skyrocket
— Stephen Stapczynski (@SStapczynski) September 26, 2021
Last month, 11 coal-fired power companies within the region asked for reliefhttps://t.co/MsasgMg2jW
Shipping stocks hammered as China fears intensify
— FreightCasts (@FreightCasts) September 21, 2021
Up, up and away: Used truck prices keep soaring to records and more in headlines pic.twitter.com/QwN4DR7pbs
Shipping container costs are the most insane chart of the year. The cost of shipping a container from China to California…
— Sahil Bloom (@SahilBloom) August 30, 2021
August 2020: $3,500
March 2021: $5,000
August 2021: $18,500 (!!!)
Your margin is a shipping container’s opportunity. pic.twitter.com/v0jMzguizn
Data Source: The @Freightos Baltic Index.
— Sahil Bloom (@SahilBloom) August 30, 2021
Maybe outsourcing global manufacturing to one totalitarian country was a bad idea
— (S) ███ ๐ █████████ (b)(5) (@haroldsmith3rd) August 30, 2021
Pull back a few years and it’s even more insane pic.twitter.com/cAQNG6hbjH
— Sam Rosmarin (@SamRosmarin) August 30, 2021
The cost of shipping goods from China to Europe & the USA has increased this year from $3000 to $20,000 as containers are stuck around the world because ports were on Covid go slow.
— Lance Forman (@LanceForman) September 26, 2021
That is the main reason for global shortages of all product types.https://t.co/dsNxDkpMAn
Everyone's worried about computer chip shortage for graphics cards, personal vehicles, but they all forget... The supply line that runs it.
— Giant Stupid Dog (@K1NGRK9) September 25, 2021
Big diesel trucks. The chips are so short handed now trucks are sitting for weeks. pic.twitter.com/LgTEm3cgtV
They already are a problem. I'm a service advisor at a repair shop. Tire supply is quickly dwindling and twice in the past month I've been unable to find radiator hoses ANYWHERE.
— Jude (@JudeTheOvert) September 26, 2021
Global reliance on China for manufacturing is a global threat to stability.
— (S) ███ ๐ █████████ (b)(5) (@haroldsmith3rd) September 25, 2021
JUST IN - #Evergrande, a large Chinese property developer, to suspend interest payments to two banks and all payments to its wealth management products (REDD)
— Disclose.tv (@disclosetv) September 8, 2021
"Return my hard-earned money," chanted #Evergrande employees during a protest outside the company building yesterday. Evergrande has over 123,000 employees.pic.twitter.com/PyvKlIg2mi
— Disclose.tv (@disclosetv) September 8, 2021
— Disclose.tv (@disclosetv) September 8, 2021
CCP financial system on the edge of the cliff now, set to plunge anytime soon. Party's personal monies already had been transferred overseas through various Ponzi schemes, right now enjoying the legal safeguard in the West. After all, it's always the people who suffers.
— ไธญๅนดๅฐๅฅณๅญ (@5slViS21y6FGC9k) September 8, 2021
Their fucked a few months ago they tried to a typical communist tactic seize land ( tenants car parking spaces ) then try to resell them back to tenants ๐ it ended up turning into full blown riots with riot police turning up saw the videos ๐คฃ
— CryptoTrucker (@CryptoTrucker5) September 8, 2021
2008 Lehman brothers bank collapse a reminder.
— Prithviraj Bhatโน ๐ฎ๐ณ๐ธ๐ฌ๐ฎ๐ฑ (@iampriths) September 8, 2021
Next may be the financial crisis and the food crisis.
— catscats (@GApotty) September 8, 2021
CCP has landried their money here in the states with properties, buy cashinghttps://t.co/Y3Pv98oFoA
— Sergio Estevez (@slestevez) September 8, 2021
Yap, you shipping off trillions from us to China.
— tenzin dolma (@tenzinrigsang19) September 27, 2021
Always follow the money
4 Chinese Nationals Officers in the Ministry of State Security (CCP) Charged with Global Computer Intrusion Campaign Targeting Intellectual Property and Confidential Business Information, Including Infectious Disease Research. [7/19/21] https://t.co/6QmuQyxPay
— Global Awareness 101 (@Mononoke__Hime) July 19, 2021
Joe Biden says he won't sanction China over recent hacking because China is only “protecting those who are doing it and maybe even accommodating them”pic.twitter.com/ZSQO0RMnNe
— Kyle Martinsen (@KyleMartinsen_) July 19, 2021
Uh... we call that "Conspiracy" and "Aiding and abetting"
— Frosty (@FrostyTakes) July 19, 2021
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