China suggest to import 200 billion more USD of chipsets from US by...

[52051]

According to Wall Street Journal, during the China-US trade talk, China suggest to import more than 200 billion USD of goods from the US to elimintee all the trade imbalance.

However, Wall St Journal accessed more leaked details, tell you China's suggestion is that:

In order for China to import 200 billion more goods from the US, US should relocate most of its oversea factories and building bases to China, such that by accounting, China will have to import $200 billion more goods from the US

It seems that China is not very serious about this trade talk

https://lt.cjdby.net/forum.php?mod=viewthread&tid=2529395&extra=page=1

 

[52051]

Meanwhile, according to third party:

German luxury car maker, Mercdes-benz report over 40%+ jump of sale for their luxury cars in China, to 73,000+ units in Jan, whilst in the US market, their sales number is a merely 20,000 in the same period of time.

Meanwhile China's house property also see rebound in the tier-1 cities in Jan, suggesting a reaccerlation of the economy.

http://news.mycar168.com/2019/02/543916.html

 

[Menthol]

Just saw at the other thread, USA electricity usage is practically flat from 2007 up to today.

If we use electricity to measure economy growth, USA basically grow nothing, it's flat.

There's something about USA economy that most people don't see.

 

[oprih]

China is playing the clown trump before delivering the final kill like how a cat plays its mouse before eating it.

 

[Mista]

Just saw at the other thread, USA electricity usage is practically flat from 2007 up to today.

If we use electricity to measure economy growth, USA basically grow nothing, it's flat.

There's something about USA economy that most people don't see.

Electricity consumption isn't a good indicator to measure developed countries' economy because of more efficient technologies in households and rising share of service industry in the economy. Singapore's electricity consumption stagnated too.

Singaporeans using less electricity, water
Experts credit increased use of energy-efficient appliances, but say more needs to be done

People here may be armed with mobile phones, tablets and cameras, but they are using less electricity now when compared with a decade ago - a trend similar to Singapore's water consumption pattern.

Figures from the Energy Market Authority showed that last year, each household used a monthly average of 468.4kWh of electricity. This is down from the 469.0kWh monthly average in 2006.

The decline could be due to smaller households - there were just 3.4 people in each household last year. About a decade ago, it was 3.6.

But estimated per capita consumption rates also reflect a similar downward trend. In 2006, each person used a monthly average of 115.7kWh of electricity at home. This dropped to 108.7kWh last year, according to calculations made by Mr Allan Loi, energy analyst at the National University of Singapore's Energy Studies Institute.

Energy experts said the decline could be due to more people adopting household appliances that have become more energy efficient. This includes air-conditioners and refrigerators, traditionally among the biggest guzzlers of electricity at home.

"Energy-saving appliances compensate for the electrical consumption of computers, electronic devices and video screens," said Mr Teo Chor Kok, council member at The Institution of Engineers, Singapore.

The Government has schemes to steer consumers towards making green purchases. In 2008, the National Environment Agency (NEA) started the Mandatory Energy Labelling scheme, which requires appliances like air-conditioners and clothes dryers to be labelled according to energy efficiency. The system awards a "five-tick" rating to the most energy-efficient ones, and a "one-tick" rating to the least.

In 2011, a new Minimum Energy Performance Standards scheme made the labelling scheme more robust. NEA started prohibiting the sale of electrical appliances that did not meet specified minimum energy efficiency standards. The result was that 85 per cent of the air conditioners sold in 2012 had three ticks and above, compared with only 50 per cent in 2008.

https://www.straitstimes.com/singapore/environment/singaporeans-using-less-electricity-water