Europe falling behind. Chinese car shipping. The inner Mongolian energy base. The last Americans to support international trade.
Great links, images and reading from Chartbook Newsletter by Adam Tooze
Hi, thank you for opening the Chartbook email.
‘Oscuramento – Il Gran Consiglio’ (Darkening – The Grand Council) (1975). Conjuring themes of censorship and repression, this life-size installation at the centre point of the exhibition presents 29 waxwork figures in military garb staged around a long table and surrounding their leader, Mussolini. ‘Oscuramento – Il Gran Consiglio’ (Darkening – The Grand Council) is a reconstruction of the last session of the ‘Gran Consiglio del Fascismo’ (Grand Council of Fascism) that took place on 24 July 1943, and sanctioned the arrest of Benito Mussolini. Mussolini is represented here together with the highest leaders of the fascist regime, although not every figure is an actual portrait of a real historical figure. Through this restaging, Mauri invites us to consider the powers that governed the fate of so many, and to inspect and scrutinize this covert and sinister event, exposing the perpetrators of Fascism.
Sala del Gran Consiglio, 1975
Oscuramento - The wars of Fabio Mauri
Hauser & Wirth, Londra 2015 Foto: Yuma Martellanz
Source: Hauser & Wirth by Fabio Mauri
Output per hour worked: How European productivity rails behind that of the USA.
This and all the subsequent from the recent speech by Isabel Schnabel of the ECB Source: Eurosystem
Germany’s lack of growth is slowing the entire euro area down
For subscribers only
Energy prices in the euro area surged to five times the US level in 2022.
Chinese manufacturers are ordering a huge volume of car shipping capacity
HEY READERS,
THANK YOU for opening the Chartbook email. I hope it brightens your weekend.
I enjoy putting out the newsletter, but tbh what keeps this flow going is the generosity of those readers who clicked the subscription button.
If you are a regular reader of long-form Chartbook and Chartbook Top Links, or just enthusiastic about the project, why not think about joining that group? Chip in the equivalent of one cup of coffee per month and help to keep this flow of excellent content coming.
If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payment companies if we don’t have to!
And when you sign up, there are no more irritating “paywalls”
For subscribers only.
Inner Mongolia as China’s energy base
Inner Mongolia has abundant energy resources, and the local government has been keen to leverage this comparative advantage to help develop its local economy. It has been the largest coal producer in China since 2016 and surpassed Shandong to have the highest installed coal-fired power capacity in 2023. Since 2021, Inner Mongolia has led Chinaʼs wind installed capacity and has been rapidly expanding its solar capacity.
The idea of developing large-scale clean energy bases was first introduced in the 2007 China NEAʼs RenewableEnergyMid-toLong-termDevelopmentPlan19. The NEA aimed to build three GW-sized wind farms in Jiangsu, Hebei and Inner Mongolia by 2010, as well as six GW-sized inland wind farms across China, including one in Inner Mongolia Huitengxile, by 2020. The plan also initiated the construction of large solar energy bases in the Gobi deserts and barren land in Inner Mongolia, Gansu andXinjiang. However, in the 2010s, investment in these large-scale clean energy bases slowed down, partly due to the high renewable energy curtailment rates in Northwest China and Inner Mongolia during 2010-2015. The rapid growth in local energy demand, the slow down in local capacity expansion, and the expansion of UHV lines to export power from large-scale clean energy bases have helped to quickly reduce renewable curtailment rates. Since 2021, China has reembarked on the expansion of clean energy bases with the announcement of multiple large-scale clean energy bases (see Figure 6).
Source: CREAT
How veterans support Trump/Vance
For subscribers only.
College educated Democrats and Asians are amongst the last Americans to support international trade.
Source: Pew Research Center
If you have scrolled this far, you know you want to click.