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  1. #601
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    Online video hit ‘Anar Pishti’ shows unity of Xinjiang people like pomegranate seeds, in a fun way

    Sticking together

    Anar Pishti pose for a photo. Photo: Courtesy of Daodao">


    One of the most popular online short-video series from Northwest China's Xinjiang Uygur Autonomous Region, Anar Pishti, has been running for seven seasons now. Its success is putting Daodao after the character he plays on the show, on the path of realizing his dream of reaching the big screen like his idol Jackie Chan.

    Anar Pishti, which means "ripe pomegranate" in the Uygur language, started airing online in 2016. In Xinjiang, pomegranates symbolize the unity between different ethnic groups; they embrace each other tightly, just like pomegranate seeds. The video series focuses on the lives of Daodao and his diverse group of close friends and coworkers, who include people from the Han, Uygur and Kazak ethnic groups.

    Leading with laughter

    As the show's lead and "soul" of the series, Daodao, who can be seen in ads posted everywhere in Urumqi, has more than 8.7 million followers on Douyin, the Chinese version of TikTok, and many more on other social media platforms like China's Twitter-like Sina Weibo. The short episodes of Anar Pishti have earned more than 100 million views on Douyin alone.

    In their videos, Daodao and his friends, including the white-haired Maomao Bai and the beautiful lady Anarhan, act out funny stories, each about half a minute or so in length. They act out numerous hilarious scenes such as making fun of the iPhone's design or act snobbish during a blind date. Most of the videos garner hundreds of thousands of likes, and even more than one million.

    Watching these scenes play out, you would probably never guess that Daodao used to be a phone operator before he began shooting these videos. He started shooting funny videos with Maomao Bai and Anarhan only out of interest, and finally persuaded their company to produce the videos in series when they were able to show how popular it had become.

    In the beginning, the video series was produced in the Uygur language.

    "Thanks to our fans in Xinjiang, as many of them shared our videos with their friends in other provinces and regions when they go elsewhere in China, and we started to have more and more followers outside of Xinjiang," Daodao said.

    So the team decided to produce the series in Putonghua (Standard Chinese) starting from the fifth season and achieved a huge success. Now both the video series' account and Daodao's personal account have more than 8 million followers on Douyin - 16 percent of the followers are from Xinjiang and the rest from other parts of China and elsewhere.

    Their videos take inspiration from daily life and feature situations that everyone, from 4 to 80 years old, can relate to, Bai said.

    One major reason for the popularity of the videos is that they are not only funny but also uplifting, Daodao told the Global Times, and the trio is proud that they are a team with "positive energy." Since 2017, the team started to introduce educational content in their videos such as introducing Xinjiang's tourist sites, local delicacies and the national poverty alleviation campaign.

    "Although our video series is a comedy, we believe we also have positive energy to influence our audience. In the beginning we shot a mini-drama on the fight against drugs, and that was the start for us to incorporate social welfare content in a fun way, which developed into our unique characteristic," Daodao said.

    The traffic police series promoting road safety has been particularly successful and well-received by the viewers as it is both funny and educational.

    Same modern life

    As online celebrities from Xinjiang with increasing nationwide popularity, Daodao and his friends have helped people all across China to learn about his home.

    "In the beginning, we made jokes about internet cafes, and some viewers commented they didn't know Xinjiang had internet cafes," Maomao Bai said.

    "So we went into one and shot scenes to show the most up-to-date games you could play at an internet cafe, and to show what life for young people in Xinjiang is really like, that is no different from other places - of course our video was not promoting playing games, but about the funny scenes caused by addiction to playing games."

    "At first, some fans used to ask, 'Do you ride a horse to go to school in Xinjiang?' But now many people leave messages like 'Xinjiang's so beautiful and I want to go there,'" Daodao told the Global Times.

    "I'm really happy to see such a change."

    Daodao said he lives the same modern life as people in other regions of China, but he would certainly treat friends from other places with local-specialty delicacies that can't be found anywhere else.

    Boosted by the huge popularity of the video series, Daodao is making his way into the film industry. He has currently finished shooting two films, one in "Chinese Hollywood" Hengdian, the other in Xiamen, both of which are expected to hit the cinemas early in 2022.

    https://www.globaltimes.cn/page/202110/1237562.shtml

    It's actually quite funny, from the short snippets I have watched on Youtube. I'm thinking of Emailing the producers and recommending they get it subtitled in English.
    Waddya reckon? Kinda like 'Friends', from Xinjiang.

    Last edited by sabang; 10-12-2021 at 03:56 PM.

  2. #602
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    Quote Originally Posted by Hugh Cow View Post
    Having only visited hong kong and never worked there, I am surprised that the foreign business community is not looking for "sunnier climes".
    A few will but not likely a mass exodus yet. Most are in a wait and see posture. Same goes for monied Hong Kong citizens. Singapore will benefit the most with movement from HK.

  3. #603
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    As I understand it, most emigration from HK is actually to... China. Cost reasons. But of course there is no way those hongkies would ever give up there HK Residency, so I'm not sure how that is counted if at all. As for the expats, they seem quite secure and happy. Money reasons, and lifestyle.

  4. #604
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    Quote Originally Posted by sabang View Post
    As for the expats, they seem quite secure and happy. Money reasons, and lifestyle.
    The ones I know are fine with no big worries. Same with ones I know in Shanghai. Should be noted they are all Republicans so no worries.

  5. #605
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    I mulled that for a while and....... Yeh, you are right (or Right!). Must have been some spirited debates at the FCC during the trump era.

  6. #606
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    Quote Originally Posted by Hugh Cow View Post
    Having only visited hong kong and never worked there, I am surprised that the foreign business community is not looking for "sunnier climes".
    They're all kissing the chinky arse so the gravy train doesn't splutter to a halt.

    It's not their freedom that's being crushed.

  7. #607
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    Ignore the naysayers. China's democracy works

    chinadaily.com.cn | Updated: 2021-12-10 12:03

    "Today, the US and its allies are promoting Western capitalist democracy as the only legitimate form of governance, and many in the West have been told China is "undemocratic" and "authoritarian". But is this true?"

    Watch the video here:

    Video: Ignore the naysayers. China's democracy works - Chinadaily.com.cn


    This is from Ohoh actually, copied from another thread. Worth a Look?

  8. #608
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    Quote Originally Posted by sabang View Post
    China is "undemocratic" and "authoritarian". But is this true?"
    Of course it fucking is. Even if you post the same shit in multiple threads.


  9. #609
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    Might just watch it then- thanks for the recommendation.

  10. #610
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    Quote Originally Posted by sabang View Post
    Might just watch it then- thanks for the recommendation.
    You seem to have been starved of oxygen recently.

  11. #611
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    Sinnerman, where you goin' to run to?

    On the way to oblivion: How U.S. democracy has morphed


    "Domestically, it has become a tool for a few people to seek personal gains, violating human rights and tearing society apart," the report said, referring to the U.S.' political apparatus. The report argues that six "masters" that wield considerable power and influence – money-cracy, gun-cracy, white-cracy, media-cracy, milita-cracy and drug-cracy – have rendered the American people increasingly irrelevant in the country's political process.


    ...... Zhao Minghao, a senior fellow of American studies at Fudan University, observed that the U.S. got a global freedom score of 83 out of 100 in the latest rankings given by the Freedom House, while a decade ago, it was 94. "American political elites tend to define 'democracy' with elections, which, nonetheless, has morphed into a game among the rich as the general public only take part during the election calendar," Zhao told CGTN.

    Racial and wealth inequality in the U.S. is also blatant, exacerbated and made even more conspicuous by the still-unfolding COVID-19 pandemic and new variants emerging. Data released by the U.S. Federal Reserve for the second quarter this year shows America's top 1 percent held roughly $43.27 trillion, which is about 16 times more than the bottom 50 percent.

    Political scientist Noam Chomsky said that 70 percent of the U.S. population, namely, the lower 70 percent on the wealth/income scale, has no influence on policy.


    ...... Even Americans lament that their democracy is losing momentum. "Seventy-two percent say U.S. democracy used to be a good example for others to follow but has not been recently," said a November survey by Pew Research Center.


    Full Article- On the way to oblivion: How U.S. democracy has morphed - CGTN


    This will get the usual suspects riled up, and how convenient that it is released on the eve of the democracy conference
    . But some good points made. Nobody told China, you're not allowed to be mean towards the USA.






    Last edited by sabang; 13-12-2021 at 10:41 AM.

  12. #612
    Thailand Expat harrybarracuda's Avatar
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    The chinkies criticising democracy. How cute.

  13. #613
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    A review of NaGastan/China diplomatic successes and failures from a NaGastan think tank.

    The evidence is in: Dialogue with China works

    New research shows diplomatic efforts between Washington and Beijing were having an effect. So what happened?

    December 11, 2021

    Susan Thornton, Rorry Daniels and Daniel Jasper

    "Washington has developed a general skepticism over the efficacy of official U.S.-China dialogue. In recent years, the United States has largely abandoned diplomacy and engagement in favor of militant posturing. But these changes reflect political expediency, not the failure of diplomacy. In fact, quantitative and qualitative assessments of U.S.-China dialogues reveal the processes were critical in stabilizing the relationship. New research conducted by the National Committee on American Foreign Policy, the American Friends Service Committee, and four independent researchers on the diplomatic commitments made during the Obama administration shows diplomatic efforts with China were paying significant dividends for U.S. interests.

    The researchers examined the nearly 1,000 commitments the two countries made to each other between 2010 and 2016 and tracked their outcomes. The extensive audit revealed that official dialogue processes (then known as the Strategic & Economic Dialogue) contributed significantly to U.S. and global security by stabilizing the global economy in the wake of the 2008 financial crisis, addressing climate change, and improving public health and pandemic response. It also enhanced security cooperation, helped clamp down on illegal wildlife trafficking, and improved nuclear waste disposal efforts.

    This research not only demonstrates what U.S. diplomacy can achieve with China but also reveals how these low-cost engagements are necessary for managing peaceful relations between the two countries.
    Today, U.S.-China tensions are undermining international cooperation to stem the spread of COVID-19 and are damaging the international system. Before the zero-sum competition narrative dominated Washington policy circles, the United States and China cooperated closely to address the Ebola crisis in Africa, even agreeing to jointly set up the Africa Center for Disease Control and Prevention. The Africa CDC was established just before the 2020 COVID-19 outbreak, after the United States withdrew from the project citing concerns about China’s data collection interests.

    Stabilizing the global economy — a potentially urgent need as the COVID-19 crisis drags on — was another area of diplomatic progress in the Obama era. After the 2008 global financial crisis, the United States and China agreed to a series of measures to spur economic recovery and growth. In these discussions, China committed to raising its share of domestic consumption and the United States to raising domestic savings rates; these policy changes required clear and continuous communication from both parties to ensure smooth implementation. Critically, both countries also committed to reforms for over-the-counter derivatives, the main vehicle by which the financial crisis started; both sides followed through on these commitments.

    In response to the latest report from the International Panel on Climate Change, UN Secretary General António Guterres warned that the document represents a “code red for humanity.” Encouragingly though, clean energy and climate change is a clear area of past and potential progress in the U.S.-China relationship. The two sides cooperated to improve environmental regulations and conservation practices; they also conducted joint research on emerging clean energy technologies and facilitated international collaboration, ultimately improving the commitments made in the Paris Agreement. The recent U.S.-China agreement to boost cooperation on climate change emphasizes the importance of dialogue between the two countries.

    Put simply, the record of progress on the specific issues on which the United States and China share mutual interest shows that diplomatic engagement with China is largely successful. And, in areas where dialogue did not change China’s fundamental approach to U.S. interests, diplomacy still reduced risks of misperception and miscalculation. The alternative — relying on military intimidation — leaves little room for error; it’s a costly, risky, and short-sighted strategy for managing relations between the world’s two largest military powers.

    The successes of U.S.-China engagement during the Obama administration rested on two building blocks that should be reestablished. First, there was high-level buy-in to a comprehensive diplomatic process. This top-down endorsement of U.S.-China diplomacy gave working-level officials the space and permission to make progress in areas of mutual interest, particularly important in China’s system where working-level officials tend not to act without high-level direction. Instead of confining progress to the presidential summit level, a separate process led by the secretaries of state and treasury, alongside other agency counterparts, negotiated specific outcomes. Working together, the top-down and bottom-up processes established a rhythm of diplomacy that created substantial pressure on officials at all levels to deliver on their commitments.

    Second, the dialogues were held on an annual basis, creating an action-forcing mechanism for these specific commitments. A regular schedule forced the U.S. and Chinese systems to first consolidate their collective requests for the other side, and then to negotiate on those requests in a timely manner. Without deliverables and deadlines, issues in the U.S.-China relationship are left to drift and fester.

    The dialogue process that the United States held with China in the “engagement era” effectively stabilized the relationship by separating areas of conflict, competition, and cooperation. Further, the process allowed the United States to make progress on its interests in a peaceful and relatively low-cost manner, which did more to build U.S. credibility (bilaterally and globally) than could be accomplished with military buildup and confrontational monologues.

    Fortunately, the conversation in Washington is beginning to shift. Recently, over 30 Members of Congress sent a letter to President Biden urging him to pursue climate diplomacy with China and recognized the importance of dialogue in the bilateral relationship. U.S. military might and political posturing will not bring positive outcomes for people in the United States or in China. It is time to revive the proven tools of diplomacy to manage the U.S.-China relationship."

    https://responsiblestatecraft.org/20...h-china-works/
    A tray full of GOLD is not worth a moment in time.

  14. #614
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    Of course the chinkies want talk and no action.

    Are you stupid?

  15. #615
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    Russia-China alliance at the tipping point

    Posted on December 15, 2021 by M. K. BHADRAKUMAR


    "The initiative by Beijing to propose a virtual meeting between President Xi Jinping and Russian President Vladimir Putin on Wednesday radically transforms the geopolitics of the North Atlantic Treaty Organisation’s relentless eastward expansion and the Western military deployments on Russia’s borders. The announcement of the meeting in Beijing came within a day of a G7 meeting of foreign ministers in Liverpool, Britain, on Sunday, which echoed Washington’s rhetoric over an alleged Russian military build-up on Ukrainian border and threatened Moscow with “massive consequences and severe cost in response.”

    The G7 meet itself was intended as a new show of western unity against Russia and China to get the west on the front foot. For the first time, ASEAN countries were also included in the G7 ministerial as a part of US President Joe Biden administration’s plans to begin a new “Indo-Pacific economic framework” in a renewed attempt to roll back China’s influence in the region.

    The Chinese Foreign Ministry spokesman Ambassador Wang Wenbin, said on Monday that the virtual meeting between Xi and Putin is expected to “take stock of the bilateral relations and cooperation outcomes over this year, make top-level design for the relations next year, and exchange views on major international and regional issues of common concern.”

    Ambassador Wang anticipated that the Xi-Putin videoconference “will further enhance our high-level mutual trust, vigorously promote China-Russia “back-to-back” strategic coordination and the robust development of all-round practical cooperation.” And he concluded, “This will provide more stability and positive energy for the complex and fluid international landscape.”

    The Kremlin Spokesman Dmitry Peskov has since disclosed that Putin and Xi will address during the talks the NATO’s belligerent rhetoric and the tense situation in Europe. To quote Peskov, “[The two leaders] will exchange their views on international affairs. The recent developments in international affairs, especially on the European continent, are now very tense and this definitely requires discussion between the allies, between Moscow and Beijing.”

    Peskov added that Russia is facing “a very aggressive rhetoric both from NATO and the US,” which also needs to be discussed. In effect, Peskov has highlighted that the emergent tense situation on the European continent warrants Russia holding consultation with its close ally China.

    No doubt, this signifies an extraordinary dimension to the Russian-Chinese alliance. What role, if any, China is going to play in the evolving scenario will be keenly watched, in particular, as winds for a perfect storm are howling in both Eastern Europe and the Asia-Pacific.
    Most important, would the discussion today fall within the ambit of the plan for Russia-China military cooperation for 2021-2025, which the two countries signed on November 23? While signing the document, Russian Defence Minister Sergei Shoigu was quoted as saying, “China and Russia have been strategic partners for many years. Today, in conditions of increasing geopolitical turbulence and growing conflict potential in various parts of the world, the development of our interaction is especially relevant.”

    Specifically, Shoigu drew the attention of his Chinese counterpart Wei Fenghe to increasingly intensive flights by the US strategic bombers near Russian borders. He said, “This month, 10 (US) strategic bombers practiced the scenario of using nuclear weapons against Russia practically simultaneously from the western and eastern directions” and came as close as 20 kilometres to the Russian border.
    Shoigu also noted a rise in the number of US bomber flights over the Sea of Okhotsk where they practiced the launch of cruise missiles, saying that it posed a threat to both Russia and China. “In such an environment, the Russian-Chinese coordination becomes a stabilising factor in global affairs,” Shoigu had said.

    In a brief statement, China’s defence ministry said at that point that the two sides would “continue to deepen strategic cooperation between the two militaries, continue to strengthen cooperation in strategic exercises, joint patrols and other areas, and continue to make new contributions to safeguarding the core interests of China and Russia and maintaining international and regional security and stability.”

    Yet, Shoigu was speaking only a fortnight ago. Reporting on the pact, the South China Morning Post commented that China and Russia “are edging closer to a de facto military alliance to counter growing pressure from the United States.”

    At the very least, the signing of the road map on military cooperation signalled Russia and China’s willingness to resist US pressure by relying on combined military efforts, if necessary.

    The US is unable to simultaneously confront both China and Russia militarily and if the latter were to significantly pool their military power and foreign policy objectives, that would alter the Eurasian balance of power and disadvantage the US.

    The US still has the most capable military in the world and there is no question that the US is more powerful than China or Russia alone, but a newfound unity among the latter two can be strategically draining for Washington.

    Lyle Goldstein, an expert on China and Russia who served for two decades as a research professor at the Naval War College up until October, told Newsweek on Monday, “I think Moscow and Beijing calculate that they can really keep us (Washington) in a kind of maximum confusion, because the theatres are so distant from each other, and the forces involved are quite different. I do think they see a gain here in kind of pulling us in two directions at once.”

    Curiously, in Goldstein’s estimation, “I don’t think the United States is prepared to go to war in Ukraine. I don’t think the United States is prepared to go to war over Taiwan. I stand by both those points. So to do both, no, absolutely not.”

    He explained that the Ukraine and Taiwan scenarios in particular “are maximally stressing as they involve high-intensity warfare in theatres that are extremely difficult against opponents that have that single measure of focus. Either one of them on their own would be highly stressing and I would argue, if we were to get involved, there’s a good possibility that we might lose.”

    Be that as it may, the video call today sets the stage for Putin’s visit to Beijing at Xi Jinping’s personal invitation as the chief guest at the upcoming Winter Olympics (4-20 February.)
    From the look of it, the two leaders’ face-to-face meeting in Beijing in early February will be an event of great significance for global stability and the further consolidation of the strategic partnership between the two countries.

    Conceivably, the virtual meeting today amidst the rising tensions in Russia’s relations with the US is a display of the realisation in Beijing that “only by joining hands can China and Russia counter the attack from the US-led clique and avoid falling into passivity,” as Cui Heng, the well-known Chinese scholar at the Center for Russian Studies of East China Normal University, told the Global Times.

    Lest it gets overlooked, the Treaty of Good-Neighbourliness and Friendly Cooperation signed by China and Russia in 2001 enshrines that “Russia recognises the government of the People’s Republic of China as the sole legal government representing whole China. Taiwan is a constituent part of China.”

    The pact is a foundational document on which the Sino-Russian alliance is anchored."


    Russia-China alliance at the tipping point - Indian Punchline









  16. #616
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    Sounds like the our two dictators gave each other a good mutual tonguing.

    "You tell the naughty west to stop criticising my threats against Ukraine and I'll tell everyone they're being nasty about your shit olympics".
    "Deal"

    etc.

  17. #617
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    Qinshan nuclear power plant marks 30 years’s safe operations, generating 690 bln kilowatts hours of electricity


    By Deng Xiaoci


    Published: Dec 15, 2021 08:50 PM

    The View, from China-12e6f6ea-a050-4e3f-9e88-6abd8abde5a3-jpeg


    "The Qinshan Nuclear Power Plant, the first domestically designed and built nuclear power plant in the Chinese mainland, has operated safely for 30 years as of Wednesday, with its operators saying that the multi-unit plant has generated electricity exceeding 690 billion kilowatt hours. It helped cut carbon dioxide emissions of 653 million tons as of Wednesday, compared to planting forests on an area the size of 433 West Lakes.

    The operator, China National Nuclear Corp (CNNC), told the Global Times on Wednesday that the scale of carbon dioxide emissions cuts could be compared to planting forests on an area the size of 433 West Lakes.

    Nuclear power is the most practical strategic choice for coping with global climate change, and China is one of the few nations that have established a complete nuclear industry system and nuclear power industry chain, industry insiders said.

    The State Council, China's cabinet, released in late October an action plan to peak carbon dioxide emissions before 2030.

    By 2030, the share of non-fossil energy consumption will be around 25 percent, and carbon dioxide emissions per unit of GDP will drop by more than 65 percent compared with the level registered in 2005, according to the plan.

    In a statement it sent to the Global Times, the CNNC said that the action plan is a major opportunity for its high-quality development, and it views the goal of peaking carbon dioxide emissions before 2030 as its important task and duty.

    To reach that goal, the CNNC vowed to develop nuclear power in an orderly way, under the premise of safety.

    The CNNC's facilities have generated 1.2 trillion kilowatt hours of electricity, which is equivalent to avoiding 400 million tons of standard coal.

    These facilities have reduced emissions equivalent to 1 billion tons of carbon dioxide, 34 million tons of sulfur dioxide, and 17 million tons of nitrogen oxides. These reductions are equivalent to planting forests of nearly 3 million hectares, covering twice the area of Beijing.

    Besides the traditional nuclear power solution, in cooperation with the Haiyan county government, East China's Zhejing Province, the Qinshan Nuclear Power Plant has contributed to a district heating demonstration project, which will "provide a nuclear energy solution to solve the heating problem in southern China," the CNNC said.

    The construction of the demonstration project in Haiyan started on July 28 and concluded on November 15. Trial operations began on December 3.

    The project utilizes the remaining thermal power of the Qinshan Nuclear Power base units in the winter to provide large-scale safe, zero-carbon nuclear heating to public facilities, residential communities and industrial parks in Haiyan without affecting the safety performance of the units.

    By 2025, nuclear heating will basically cover the main urban area of Haiyancounty and the entire area of Shupu township.

    After completion, the project is expected to provide heating of 704,000 gigajoules annually, saving electricity of 196 million kilowatt hours, which will avoid annual emissions of 1,817 tons of sulfur dioxide, 908 tons of nitrogen oxides, and 59,000 tons of carbon dioxide.

    Speaking at the Wednesday anniversary event, Ye Qizhen, an academician of the Chinese Academy of Engineering in the field of nuclear reactor and nuclear power generation, , noted that coal-fired cogeneration takes up 48 percent, coal-fired boilers 33 percent and clean-energy heating less than 4 percent in the country's heating energy landscape.

    It is a major trend to promote clean energy heating with low carbon emissions while banning the burning of loose coal and the use of small boilers, and decreasing the use of large-scale coal-fired boilers, he noted. "


    Qinshan nuclear power plant marks 30 years’s safe operations, generating 690 bln kilowatts hours of electricity - Global Times

  18. #618
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    No tsunami then?

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    “in America you can change political parties, but you can’t change policies. In China, you cannot change the party, but you can change policies.”

    A point of Discussion at the upcoming summit?


  20. #620
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    It is a major trend to promote clean energy heating with low carbon emissions while banning the burning of loose coal and the use of small boilers, and decreasing the use of large-scale coal-fired boilers, he noted. "
    Although of course we're still building coal-fired power stations like crazy.

    China continues to add coal-fired power plants within its borders, bringing forty-one gigawatts of coal power on line in 2020 alone, which accounted for seventy-five percent of the global total.

    <snip>

    China, the world’s largest emitter of greenhouse gases, generates one thousand gigawatts of coal power domestically, accounting for over half of the globe’s total and more than four times that of the second- and third-largest users (India and the United States).
    Making Sense of China’s Pledge to Stop Building Coal-Fired Power Plants Abroad | Council on Foreign Relations

  21. #621
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    Hopefully the mods can just chuck Cut & Paste propaganda in Hoohoo's drivel thread where it belongs.

  22. #622
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    Quote Originally Posted by harrybarracuda View Post
    Hopefully the mods can just chuck Cut & Paste propaganda in Hoohoo's drivel thread where it belongs.

    Hoohoo's propaganda thread or Sabang's facetious propaganda thread. Not much difference.

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    Quote Originally Posted by harrybarracuda View Post
    Hopefully the mods can just chuck Cut & Paste propaganda in Hoohoo's drivel thread where it belongs.
    That would reduce the post count and hit numbers, not the best strategy for a site, IMHO.

    Who decides what is propaganda, what is the accepted criteria?

  24. #624
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    What's a Wumao?

    Takes one to know one I guess-



  25. #625
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    Quote Originally Posted by sabang View Post
    No tsunami then?
    or cracking pipes:

    EDF shares plunge after faults found at French nuclear power reactor

    December 16, 2021

    "Shares in EDF (EDF.PA) plunged on Thursday after the French power giant found faults at a nuclear power station and shut down another plant using the same kind of reactors, leading it to cut its core profit goal for this year.France's Nuclear Safety Authority said EDF had informed it that it had detected cracks on the pipes of a reactor at the Civaux power plant in western France due to corrosion.

    It said EDF, which has extended the outage of its Civaux station as a result and also stopped the Chooz plant in eastern France that uses the same technology, was investigating the cause of the faults. The watchdog will closely monitor EDF's review, it added.

    Separately, the French Institute of Radiological Protection and Nuclear Safety, another public agency, said checks on other EDF reactors were likely to be necessary.

    Shares in EDF were down nearly 13% at 1410 GMT.

    The setback comes as France plans a major nuclear power station building programme, diverging from neighbour Germany which retreated from nuclear power after Japan's Fukushima nuclear disaster in 2011.

    The outage of the four reactors, with a combined daily capacity of 6 Gigawatt (GW), equivalent to around 13% of current availability in France, also comes close to the peak winter season and with power prices at record highs.

    "The risk of a power crunch for end-December is relatively weak but our models show that in January things could become more difficult," said Emeric de Vigan, head of energy data provider COR-e.

    "It's too early to say how cold it's going to be, but if we have temperatures of 2 to 4 degrees Celsius below the season's average, then we'll start seeing some tensions."

    European forward curve power prices surged to new contract highs on Thursday on the back of the French shutdown.

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    France's biggest electricity supplier said late Wednesday that some faults were detected close to the welds on the pipes of the safety injection-system circuit in the two reactors at Civaux.

    It said having the Civaux and Chooz reactors offline would result in a loss of about 1 Terawatt-hour by the end of 2021. As a result, it cut its core earnings (EBITDA) estimate to a range of 17.5 billion-18 billion euros from a previous target of more than 17.7 billion euros, based on current market prices.

    JPMorgan Cazenove said the impact was likely to drag into next year.

    It said the French utility could need to spend about 2 billion-3 billion euros ($2.3 billion-$3.4 billion) in 2022 to buy back some of its power to cover outages at the nuclear reactors.

    "These estimates are a worst-case scenario, yet this is very material," it said in a report.
    Jefferies analysts said the new core profit guidance for 2021 was 3.5% below consensus.

    EDF shares plunge after faults found at French nuclear power reactor | Reuters

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