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China fact of the day
Electrical power generated in October is 4% below a year earlier . Is there any chance that this is more reliable information than the gdp statistics offered up by the Chinese government?
China
bloomberg.com — Nissan Plans to Start Selling Electric Cars in China by 2012 By Tian Ying Nov. 18 (Bloomberg)... -- Nissan Motor Co. , Japan's third- largest automaker, intends to begin offering electric cars in China by 2012 as the country seeks to boost sales of fuel- ... (more) China
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One of my explanations for low oil prices
SCSUScholarsTyler Cowen notes a 4% decline in electricity use in China and wonders if this is a more accurate statement on Chinese production than their national income accounts. Reminds me of some early work that Dani Kaufman and Alex Kaliberda did in Ukraine when I was there, trying to estimate the size of underground production. But there it was just that electricity use declined less than official output. However, as pointed out by ...

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