首页 > 资料下载 > 追逐龙?中国煤炭产能过剩危机及其对投资者的意义Chasing the Dragon? China’s coal overcapacity crisis and what it means for in
追逐龙?中国煤炭产能过剩危机及其对投资者的意义Chasing the Dragon? China’s coal overcapacity crisis and what it means for in 追逐龙?中国煤炭产能过剩危机及其对投资者的意义Chasing the Dragon? China’s coal overcapacity crisis and what it means for in

追逐龙?中国煤炭产能过剩危机及其对投资者的意义Chasing the Dragon? China’s coal overcapacity crisis and what it means for in

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  • 更新时间:2021-09-09
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中国目前正在建造超过其需要的煤炭工厂,在这样做的过程中正以前所未有的速度错配资本。截至2016年7月,中国已有895瓦的现有煤炭产能被利用不到一半的时间,并且在建设中有205个GW和405个GW产能,总的过夜资本成本为一兆美元。资本的这种错位是中国经济结构更广泛的一个缩影。中国快速的经济增长、人口数量和地理位置意味着,政府经常有必要先建设电力基础设施,然后再提出问题。

China is currently building more coal plants than it needs and in doing so is misallocating capital at an unprecedented rate. As of July 2016, China has 895 GW of existing coal capacity being used less than half of the time – and perversely has 205 GW under construction and another 405 GW of capacity planned, with a total overnight capital cost of half a trillion US dollars. This misallocation of capital is a microcosm of wider structural woes within the Chinese economy. China’s rapid economic growth, demographic profle and geographical size has meant it often made sense for the government to build power infrastructure frst and ask questions later. The days when China could grow at a fast pace by accumulating capital, safe in the knowledge that this capital would achieve high returns, appear to be over

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