“Poland more than any other EU member state has developed the political and commercial leverage to move the idea of the integrated European energy market forward in a way that can make it a hub for the Baltic-North Sea and Baltic-Adriatic corridors.”
Creating a gas hub also requires high liquidity, which Poland is hoping the new LNG terminal expected to open in the port city of Świnoujście in 2015 will provide.
via Poland masterminds gas trading hub for Central Europe | EurActiv.
As Chinese companies expanded their ability to produce—building new factories, buying more land, and the like—they created a excess of supply that began to drive down prices. Then the slowing economy hurt cash flows even more.
But instead of letting companies default, leaders kept pumping more money into the system, in part through official channels, though also by allowing China’s off-balance-sheet credit system—better known as “shadow banking“—to flourish.
via Chinese companies have racked up $14.2 trillion in debt—more than any other country on the planet – Quartz.
There are two main factors underlying this phenomenon.
First, the city wait list for a new apartment is now 15 years on average, or 7.7 years in the Greater Stockholm region.
Second, Stockholmers live alone. Very alone.
via Why it’s nearly impossible to rent an apartment in Stockholm – Quartz.
.. saw evidence of a boom everywhere we looked.
But all the trucks were carrying construction materials, not goods.
At the workshop-level factory we visited, one of my fellow travelers, who spoke Chinese, learned that the owners were trying to sell it because they could get more from the land than they could from making farm equipment.
via What Happens If China Becomes Japan? – Bloomberg View.
China is leading the way to a world of decarbonized energy, by placing the emphasis of its policy on growing the markets for renewables and building the industries to supply wind turbines, solar cells, batteries and other devices.
via China’s renewable energy – not only to decarbonise, but for energy security « nuclear-news.
.. a nation of singletons will change the structure of the economy because it means fewer parents and homeowners.
via Most Americans Are Single. What Does It Mean for the Economy? – Businessweek.