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#XNote #TwitterNote
The nub of the argument contained in another excellent #TwitterNote from @RnaudBertrand
ยซย Having a huge depth of skills is one thing, but there is also control of the entire supply chain since China is the only country in the world that produces all categories of goods classified by the World Customs Organization (WCO). This gives it a key advantage when it comes to end prices: when you want to build something in China you can literally find the entire supply chain for it at home.
Energy prices is another thing: for instance the International Energy Agency highlights that "low-cost electricity is key for the competitiveness of the main pillars of the solar PV supply chain" (https://t.co/4NJPP7Fg4Cโฆ ) and "around 80% of the electricity involved in polysilicon production today is consumed in Chinese provinces at an average electricity price of around USD 75 per megawatt-hour (MWh)". For comparison, in 2023 energy prices for industrial customers in Germany averaged 251.21 USD per megawatt-hour (MWh) (https://t.co/ARWLM5N1ERโฆ ): that's an incredible 234.94% more expensive!
Lastly, China has become an innovation powerhouse. In 2023 it filed roughly as many patents as the rest of the world combined (https://t.co/bt1Llf3J9Bโฆ ) and itโs now estimated to lead 37 out of the 44 critical technologies for the future (https://t.co/FDlOjO75pbโฆ ). All this too has implications when it comes to the final prices of its products. To take the example of solar panels again, the IEA notes that "continuous innovation led by China has halved the emissions intensity of solar PV manufacturing since 2011" (https://t.co/4NJPP7Fg4Cโฆ ), which means that not only does China have raw electricity prices which are immensely cheaper than in the West, but it's innovated in such a way that it uses way less electricity in the production of its solar panels...ย ยป
I wrote my own post on this question a couple of days back ๐, arguing that "overcapacity" is really a buzzword to complain about China's competitiveness, a similar point to the fighting "comparative advantage" argument made in the Bloomberg article.
https://t.co/njd2Zzk3ol
A #TwitterNote in the form of a tweet thread on India's GDP 2011-12 to now.
Source of the numbers: @RBI publishes a rich source of time series data in its on-line Handbook of Statistics on the Indian Economy. Table 156 is the Quarterly estimates of GDP at constant prices
Twitter WriteใฎNoteใใใฏใใๆฅๆฌใงใไฝฟใใใใใซใชใใพใใใใซ๐
#TwitterWrite #TwitterNote
https://t.co/6aXNg3eTEv
๐๐ฐ๐ข๐ญ๐ญ๐๐ซ has announced the launch of ๐๐จ๐ญ๐๐ฌ, a new tool that will allow select users to publish longer content on the platform.๐ฅณ
Know more here: https://t.co/qNSrFO8Iym
#audienceyph
#twitterupdate
#twitternote

โจ Introducing: Notes โจ
Weโre testing a way to write longer on Twitter. https://t.co/36Ma1UpJSx
#TwitterNote #doggy #DigitalArtist #DigitalTransformation
@thehill #TwitterNote to @SpeakerPelosi : Why haven't you fixed this sooner? You've been in #Congress longer than most Millennial voters have been alive.
ๅฐพๅ่ๅญใใใใใคใซใฏไบๅณใใใฎใคใใณใในใฟใผใใใใใใใ
#twitternote

Note to my self- "background-attachment: fixed;" #nerdstuff #codez #parallax #background #coolstuff #twitternote
#TwitterNote it's @DaveMacFightMC #Birthday next week. He will be old. Send wishes on the 7th. ๐๐ #yourewelcome
Hey girls instead of being with douchbags and cryin to twitter maybe you should think about your choice in men. Sincerely men #twitternote
#twitternote > RT @wizdomselah: @RealSway good answer. "Some people are ignorant to their own abundance"! @dhop18
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