China kowtow to Australia...Beg for Help

[nayr69sg]

because they don’t know america is a homeless shithole too. they are deceived by hollywood and all the movies they watch. but at least as useless and jobless “refugees” they can suck the welfare system in america, especially californication. can get at least $696 worth of benefits in food stamps, social services, poverty welfare, jobless checks, and those who are “luckier” $1.69k of monthly rent (section 8). imo, they’re better off back in prc.

They should have gone to Singapore lah.

 

[Rogue Trader]

because they don’t know america is a homeless shithole too.

If I am not wrong, the majority of emigrants today should be from Fuqing county. No joke. They are the Fukinese.

These guys are brainwashed since young to stowaway to big cities in UK/US, live like rats in cramped apartments, work 3 menial works, eat leftovers for years ....

Then send all their money home ... Provided they hadn't already lost everything gambling. The Chinatowns were always run by Fukinese gangs so their network away from home is always solid. I heard Fuqing county is very affluent and developed .. all because of their remittance back home.

 

[eatshitndie]

If I am not wrong, the majority of emigrants today should be from Fuqing county. No joke. They are the Fukinese.

These guys are brainwashed since young to stowaway to big cities in UK/US, live like rats in cramped apartments, work 3 menial works, eat leftovers for years ....

Then send all their money home ... Provided they hadn't already lost everything gambling. The Chinatowns were always run by Fukinese gangs so their network away from home is always solid. I heard Fuqing county is very affluent and developed .. all because of their remittance back home.

zhejiang, fujian, guangdong contribute to the low ses illegal immigrant crowd. in sf, they’re mostly from guangdong due to the canto connection over a hundred years ago. beijingers and shanghainese contribute to the higher ses crowd. many beijingers are former officials, children of officials, the well connected in the capital. shanghainese have relatives and wealth stashed abroad, thus find a way to get out. they are the better off tiongs from prc, and more educated and refined too compared to all other tiongs. then, over the last 16.9 years we get human-trafficked atb’s from all over prc: pretty and slim chicks from hubei, less good looking ones from hebei, very pretty ones from xinjiang, tall and bigboned ones from shangdong and heilongjiang or dongbei in general. many of them either end up as mistresses or masseuses (hookers) in spas. then you get the “slaves”: human-trafficked modern day coolies from every corner of prc. and finally, state sponsored students and techies who end up with better jobs in sillycon valley. vast majority of tiong techies are here on intra-company transfers via visas. otherwise it’s near impossible for them to find work without pr status.

 

[CharKuayTeow]

So they had a reserve of Australian coal all across the coast.

China will be ok. They very clever.

Only one day’s supply from what I read.

 

[nayr69sg]

Only one day’s supply from what I read.

Someone else here said the Aussie coal is for coking steel not power plants?

 

[CharKuayTeow]

Someone else here said the Aussie coal is for coking steel not power plants?

Coking coal is much more expensive than thermal coal. Historically, China has bought both types from Australia.

 

[nayr69sg]

Coking coal is much more expensive than thermal coal. Historically, China has bought both types from Australia.

So there are different types. Thanks for enligthening me. I know nuts about this coal stuff.

So the storage along the coast that was suspended in China they are talking about is thermal coal? For use with the power stations?

Only 1 day worth? Gosh!

 

[syed putra]

This is only on coal China has lost to australua. How will they fight the nuclear subs.

 

[CharKuayTeow]

So there are different types. Thanks for enligthening me. I know nuts about this coal stuff.

So the storage along the coast that was suspended in China they are talking about is thermal coal? For use with the power stations?

Only 1 day worth? Gosh!

The coal on the coast was in bonded warehouses. This is where incoming goods wait to be cleared for onward travel into China. What happened is that when Winnie decided to tekan Australia, China customs just stopped clearing these shipments. When the bonded warehouses were filled up, coal movement stopped.

 

[nayr69sg]

The coal on the coast was in bonded warehouses. This is where incoming goods wait to be cleared for onward travel into China. What happened is that when Winnie decided to tekan Australia, China customs just stopped clearing these shipments. When the bonded warehouses were filled up, coal movement stopped.

So where has China been getting coal from for the past year?

I think they stopped the Aussie coal movements last Oct?

They seemed ok for the past year isnt it? What happened recently to cause a problem now?

 

[CharKuayTeow]

So where has China been getting coal from for the past year?

I think they stopped the Aussie coal movements last Oct?

They seemed ok for the past year isnt it? What happened recently to cause a problem now?

They have been buying from Brazil, US, India, etc. I heard (but did not confirm) that some of this coal was just Australian coal that was simply bought and then resold by traders in these countries.

“ok” is a relative term… in Dongguan, many vendors are only allowed to operate 3 days a week, and this isn’t even the peak heating season!

 

[nayr69sg]

They have been buying from Brazil, US, India, etc. I heard (but did not confirm) that some of this coal was just Australian coal that was simply bought and then resold by traders in these countries.

“ok” is a relative term… in Dongguan, many vendors are only allowed to operate 3 days a week, and this isn’t even the peak heating season!

So then what's the problem now? Seems like it worked well the past year.

Australia decided to stop selling to the middle men too?

I read that it is actually Xi Jinping saying to cut down so emissions are lower and meet targets? Really? Xi went green?

 

[CharKuayTeow]

So then what's the problem now? Seems like it worked well the past year.

Australia decided to stop selling to the middle men too?

I read that it is actually Xi Jinping saying to cut down so emissions are lower and meet targets? Really? Xi went green?

Tiong land is all fucked up now. There are so many things going on that it is hard to keep things straight. Their economy is going down the jamban due to all the 1B1R spending, the collapse of their real estate market, and their weird bastardised communist/capitalist hybrid economy.

Local and provincial governments derive about 30% or more of annual revenues from land sales. No sales, no income. They can't raise revenue by instituting property taxes since people would riot (and the government officials would lose money on their own vacant properties).

The price of electricity is fixed by the CCP, but the cost of the inputs like coal are market based. Right now, power producers lose money if they sell power, so there is a lot of maintenance that conveniently requires lots and lots of widespread power cuts.

All the sabre rattling in the SCS means that they need to build up their armed forces. A lot of that money is soaked up by the PLA officers and their families.

So many things going on at the same time, nearly all negative for the CCP, I don't even know how to summarize the net effects. Winnie wanting to go green is a noble goal. But, I think this his desire to be seen as a hero exceeds his understanding of what is happening in the China economy. He is, after all, a primary school level "scholar". I really, really doubt he understands what is going on, or what might be being said to him. He's a cunning guy though, so it remains to be seen what happens to him. One thing for sure, all the chickens seem to be in the process of running back to the kampong.

 

[syed putra]

So where has China been getting coal from for the past year?

I think they stopped the Aussie coal movements last Oct?

They seemed ok for the past year isnt it? What happened recently to cause a problem now?

China itself is a big coal producer. But it's coal is considered " dirty". Very polluting.

 

[syed putra]

Tiong land is all fucked up now. There are so many things going on that it is hard to keep things straight. Their economy is going down the jamban due to all the 1B1R spending, the collapse of their real estate market, and their weird bastardised communist/capitalist hybrid economy.

Local and provincial governments derive about 30% or more of annual revenues from land sales. No sales, no income. They can't raise revenue by instituting property taxes since people would riot (and the government officials would lose money on their own vacant properties).

The price of electricity is fixed by the CCP, but the cost of the inputs like coal are market based. Right now, power producers lose money if they sell power, so there is a lot of maintenance that conveniently requires lots and lots of widespread power cuts.

All the sabre rattling in the SCS means that they need to build up their armed forces. A lot of that money is soaked up by the PLA officers and their families.

So many things going on at the same time, nearly all negative for the CCP, I don't even know how to summarize the net effects. Winnie wanting to go green is a noble goal. But, I think this his desire to be seen as a hero exceeds his understanding of what is happening in the China economy. He is, after all, a primary school level "scholar". I really, really doubt he understands what is going on, or what might be being said to him. He's a cunning guy though, so it remains to be seen what happens to him. One thing for sure, all the chickens seem to be in the process of running back to the kampong.

Now is the right time for hong Kong to invade china! Boxer revolution II

 

[orh mee suah]

The coal were released from bonded storage in China. Most likely delivered before the import ban.
Not new import contracts.

 

[glockman]

The chinks are masters of fake products. I am sure they'll come up with fake coal.

 

[tobelightlight]

 

[pvtpublic]

I heard (but did not confirm) that some of this coal was just Australian coal that was simply bought and then resold by traders in these countries.

hahaha fucking awesome. communism meets the free markets.

this is what central planning gets you, the same coal at a higher price.

 

[Hypocrite-The]

Desperate China backflips on Australia​

A bitter trade dispute between China and Australia helped spark a coal shortage — and now Beijing has been forced into a backflip.

Power Shortage Leads to Blackout in China's Liaoning Province​

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A power shortage in China’s northeast led to a widespread…
China, caught in the grips of a power crunch, has begun unloading Australian coal shipments despite an unofficial import ban.
Extreme weather, a surge in demand and strict orders from Beijing to reduce carbon emissions have sparked an electricity crisis in China.
Aluminium smelters, textiles producers and soybean processing plants were ordered to slow activity or shut altogether last week as soaring demand pushed electricity prices to record highs.
More than a dozen provinces and regions have been forced to impose curbs on energy usage in recent months.
And China’s thermal coal inventory – which is used to generate electricity – is at a record low.

The sun sets behind electricity power pylons in Beijing. Picture: AFP
The crisis has seemingly forced China into a massive backflip.
Nick Ristic, lead dry cargo analyst at Braemar ACM Shipbroking told the Financial Times that a handful of Australian ships waiting outside Chinese ports had headed into berth last month and there were signs that coal had been unloaded.
He said 450,000 tonnes of coal had been discharged. Meanwhile energy research company Kpler reported five vessels discharged 383,000 tonnes of Aussie thermal coal into China last month.
China-Australia trade war
China desperately needs to bolster its coal supply to avoid an economic slowdown. But Beijing’s frosty relationship with Canberra is making that problematic.
“While China unambiguously needs as much coal as it can get its hands on to avert a slowdown due to the tyranny of rolling power shortages, geopolitical tensions with Australia have waylaid the most convenient source of high-calorific coal from Down Under,” head of economics at Mizuho, Vishnu Varathan, told CNBC.
The increasingly acrimonious trade dispute between the China and Australia has spiralled, with both countries launching actions with the World Trade Organisation.
China was annoyed when Australia imposed anti-dumping duties on Chinese stainless steel sinks. It became incensed when Huawei was barred from Australia’s 5G rollout and Australia called for an independent probe into the origins of Covid-19.
Beijing imposed steep tariffs on Australian barley, wine and other products, heavy restrictions on beef and warned students not to study in Australia. Even Aussie beer has been targeted by China.

An excavator moving coal onto a truck at a port in Yichang, central China's Hubei province. Picture: AFP
It also ordered state-owned energy companies and steel mills to stop importing Aussie coal last year, blowing a huge hole in Australia’s export market. Australian coal exports to China were worth $14 billion in 2019.
Australia’s coal exports to China dropped to “effectively zero”, according to Wood Mackenzie.
And many ships with Australian coal were left stranded outside Chinese ports.
In December last year, an estimated 1600 seafarers aboard 80 ships carrying coal were suffering with “no end in sight”.
But now China has started quietly unloading coal that has been stranded in Chinese terminals for months.
There are also reports that the coal in China is being onsold to India.
High quality Aussie coal is being sold — at a $12-$15 discount — to Indian cement makers and sponge iron plants, mining.com reports.
Indian firms have reportedly bought nearly 2 million tons of Australian thermal coal from Chinese warehouses.
‘Strong signal’ China is concerned
Meanwhile, China’s top state-owned energy companies have been ordered to ensure there are adequate fuel supplies for the approaching winter at all costs.
Bloomberg News, citing people familiar with the matter who did not want to be named, reported that Vice Premier Han Zheng had told energy companies to make sure there is enough fuel to keep the country running and that Beijing would not tolerate blackouts.
Mr Han, who supervises the nation’s energy sector and industrial production, was speaking at an emergency meeting this week with officials from Beijing’s state-owned assets regulator and economic planning agency, the people said.

Smoke billows from a large steel plant in Inner Mongolia, China. Picture: Kevin Frayer/Getty Images
“It is probably a strong signal about how concerned China is regarding keeping industry going, and more importantly, the winter that is just around the corner,” said Jeffrey Halley, senior market analyst at OANDA.
Nearly 60 per cent of the Chinese economy is powered by coal. It’s also the planet’s biggest emitter of carbon dioxide.
The country’s environmental agenda is further adding to the crisis, with pressure to dampen down coal burning and cap the growth of coal mining after President Xi Jinping pledged his country would become carbon neutral by 2060.
Data released on Thursday showed China’s factory activity contracted last month for the first time since February 2020, when the country was essentially closed by lockdowns as authorities battled the first coronavirus outbreak.
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