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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (37594)	8/31/2003 3:04:30 AM
From: Maurice Winn	Respond to of 74559

Huh? < “During the next 17 years, China plans to build 30 nuclear plants with capacity totaling 32 million-40 million kilowatts, state media reported Friday. Based on China’s gross domestic product target of $4 trillion by 2020, the National Development & Reform Commission forecast China will need power generation capacity of 800 million-850 million KW by that year, compared with the current 350 million kilowatts, reported the government-run newspaper People’s Daily.” > $4 trillion is only $4,000 per person [assuming only 1 billion people - sars might get serious]. With the global printathon marathon and exchange rate fluctuations [meaning yuan up, dollar down] that should turn into $40,000 per person by 2020 hindsight time. 40 gigawatts to be built doesn't seem much for 1 billion people. That's only 40 watts each. They'll need that just to keep their Segways charged. That's only a 10% increase on current capacity. Over 17 years! They'll have to think bigger than that. Maybe something was lost in the translation. Mqurice