Rhodium Group @rhodium_group Twitter profile

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Rhodium Group

@rhodium_group

2 years

NEW: In our preliminary assessment of the Inflation Reduction Act, we estimate it can reduce net US greenhouse gas emissions to 31-44% below 2005 levels by 2030, compared to 24-35% under current policy.

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Rhodium Group

@rhodium_group

3 years

Based on our newly updated estimates for 2019, global emissions reached 52 gigatons of CO2e in 2019, an 11.4% increase over the past decade. China alone contributed 27% of total global emissions, and the US—the 2nd highest emitter—contributed 11%. 1/5

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Rhodium Group

@rhodium_group

2 months

In the past, Chinese companies struggled to compete with highly specialized German machinery companies, manufacturers of ICE vehicles, and producers of specialized chemicals. But that's now changing:

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Rhodium Group

@rhodium_group

3 months

If you look past the headline GDP numbers, there are plenty of smaller, more granular datasets that allow analysts to check the math. Based on that, a realistic growth figure for China in 2023 is probably closer to 1.5%. Read how we got there:

Bloomberg

@business

3 months

China’s economy grew around 5.2% in 2023, surpassing the government’s official growth target for the year without relying on “massive stimulus,” Chinese Premier Li Qiang says in Davos

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Rhodium Group

@rhodium_group

2 years

We've taken an initial look at the climate and clean energy provisions in the Inflation Reduction Act announced today. Based on some of our previous work: (1/4)

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@rhodium_group

7 months

China used to be one of the top five investors in the United States. Over the past few years though, Chinese FDI in the US has dwindled to levels lower than smaller countries like Norway and Spain.

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Rhodium Group

@rhodium_group

2 years

What is...methane? Thanks for the shout-out tonight @Jeopardy !

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Rhodium Group

@rhodium_group

3 years

In 2019, for the first time, China’s annual emissions exceeded those of all developed countries combined. China’s emissions were less than a quarter of developed country emissions in 1990, but over the past 3 decades have more than tripled, reaching over 14 gigatons of CO2e. 2/5

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Rhodium Group

@rhodium_group

2 years

While we are still analyzing the full text, the deal includes a long-term extension of clean energy tax credits in line with what we’ve previously modeled, which means it could plausibly put the US on track to reduce emissions by 40% in 2030 (3/4)

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Rhodium Group

@rhodium_group

2 years

The package has the potential to be the biggest climate action ever taken by Congress. If Congress acts quickly to pass it, swift addt'l action from executive agencies and states can put the US’s target of cutting emissions by 50-52% by 2030 within reach

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Rhodium Group

@rhodium_group

2 years

Additional action by the Biden administration and states can help close the rest of the gap to the target of a 50-52% cut by 2030. (4/4)

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Rhodium Group

@rhodium_group

4 years

Household debt in China now totals 128% of income. Credit card debt in China now exceeds US levels in absolute terms. Fallout from COVID-19 threatens to intensify these household borrowing risks, with implications for China's economic recovery

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Rhodium Group

@rhodium_group

2 years

The nature of Chinese investment in Europe is changing, with M&A down significantly from the peak in 2016 but investment in startups and greenfield projects at a record high. A brief thread with the highlights of our latest report with @merics_eu ...

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Rhodium Group

@rhodium_group

4 years

US coal-fired power generation fell by 18% in 2019. That’s the largest year-on-year decline in recorded history, w coal generation now at its lowest level since 1975. It also marks the end of a decade in which total US coal generation was cut in half. New:

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Rhodium Group

@rhodium_group

4 years

New analysis: Local-level credit events in China are piling up, and evidence of broader stress across China’s financial system is accumulating. Many cities are facing pressure, which will limit the effectiveness of counter-cyclical stimulus measures

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Rhodium Group

@rhodium_group

2 years

The Inflation Reduction Act can reduce US net greenhouse gas emissions to 31-44% below 2005 levels by 2030, compared to 24-35% under current policy. 1/4

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Rhodium Group

@rhodium_group

2 years

Our in-depth, updated assessment of the final climate and clean energy provisions in the just-passed Inflation Reduction Act finds emissions will fall to 32-42% below 2005 levels in 2030, compared to 24-35% without the IRA. 1/12

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Rhodium Group

@rhodium_group

2 years

Under federal and state policy currently on the books, the US is on track to reduce emissions by 24-35% below 2005 levels by 2030. (2/4)

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Rhodium Group

@rhodium_group

3 years

Our recent analysis finds potential new federal clean energy investments can on net create over 600,000 jobs/year in 2022-2031. Job gains in clean generation, storage & transmission are 8x larger than those lost in fossil generation & upstream fuel supply

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Rhodium Group

@rhodium_group

2 years

"Either Beijing misjudged Putin and the effect his attack on Ukraine would have on Western resolve, or it judged that the long-term benefits of this conflict would outweigh the short-term risks" - Rhodium's @noahbarkin to @ReidStan @RFERL

Can China Help Bring Russia To The Negotiating Table?

As Russia’s campaign in Ukraine leads to more civilian deaths, Western officials are calling for Beijing to lean on Moscow for a diplomatic solution. Could it work?

www.rferl.org

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Rhodium Group

@rhodium_group

3 years

Our new report with @merics_eu looking at Chinese FDI in the EU+UK is out. It shows Chinese investments slumped 45% to a 10-year low of 6.5 bn euros in 2020, hit by COVID-19 restrictions, Chinese capital controls & regulatory hurdles in the EU. (thread)

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Rhodium Group

@rhodium_group

2 years

Our preliminary assessment of the Inflation Reduction Act finds that it can achieve a 31-44% cut in emissions by 2030, compared to 24-35% under current policy. The range reflects uncertainty around future fossil fuel prices, economic growth, and technology costs. 1/4

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Rhodium Group

@rhodium_group

2 years

New: In our annually updated outlook for US emissions under current federal and state policy, we find that the US is on track to reduce emissions 24-35% below 2005 levels by 2030, absent any additional new policy—falling short of the 50-52% 2030 target.

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Rhodium Group

@rhodium_group

3 years

"Many observers think China's model of authoritarian capitalism is unstoppable. That is not the case" @MrKRudd & @RhodiumDan look at China's reform progress under Xi and find it wanting @NikkeiAsia @AsiaPolicy

China's faltering performance on economic reform

Xi Jinping's reform failures share a common theme

asia.nikkei.com

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Rhodium Group

@rhodium_group

3 years

China is investing billions to create a leading edge semiconductor ecosystem. But can it wriggle free of its chip chokepoints? Rhodium's @jordanschnyc says China's chip industry may be running faster and still falling behind

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Rhodium Group

@rhodium_group

3 years

Logan Wright, director of China markets research at Rhodium Group, has been closely following the crisis around Evergrande & China's property sector. Below are some of his thoughts on the current turmoil (1/8) THREAD

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Rhodium Group

@rhodium_group

3 months

For starts, our estimate for China's GDP growth in 2023 was in the range of 1.5%. For ease of comparison, here's what we estimated contributions to be from particular parts of the economy, compared to the official numbers:

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Rhodium Group

@rhodium_group

3 months

In the latest from @business , our growth estimate for China in 2023 was described as "at the low end of a broad scale," compared to other independent estimates. So, a few charts that illustrate how we got there. 🧵

Did China’s Economy Really Grow 5.2% in 2023? Not All Agree

Longstanding suspicions about the accuracy of China’s official GDP growth data have spurred a market for alternative calculations, which kicked into action this week after Beijing announced economic...

www.bloomberg.com

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Rhodium Group

@rhodium_group

3 years

We are seeing signs of stress in China’s credit markets, with SOEs, companies linked to local govts & some highly rated firms defaulting on their bonds. Below a thread from Rhodium’s Logan Wright, who sees an erosion in the credibility of local govts w/broader implications 1/9

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Rhodium Group

@rhodium_group

2 years

Another interesting trend: Chinese investment in European startups more than doubled in 2021 to hit a record high of 1.2 billion euros. It was concentrated in the UK and Germany, and focused on sectors including e-commerce, fintech, gaming, AI and robotics

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Rhodium Group

@rhodium_group

8 months

In our latest research we take a deep dive into how Chinese companies in the US have been pulling back. A big thread of takeaways and charts:

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Rhodium Group

@rhodium_group

3 years

Last week, Honda announced a commitment to 100% zero-emission vehicle sales in the US by 2040, joining Jaguar, Volvo & GM in 100% ZEV commitments. When combined with Tesla, our analysis shows the market share of automakers committed to an all-electric future in the US is now 29%.

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Rhodium Group

@rhodium_group

1 month

In our latest note, we consider how China's policy plans will compound the growing issue of overcapacity in China, setting Beijing on a course for trade confrontation with the rest of the world. A quick thread:

Overcapacity at the Gate

China’s National People’s Congress (NPC) concluded in March 2024 with an explicit focus on industrial policy favoring high-technology industries, and very little fiscal support for household…

rhg.com

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Rhodium Group

@rhodium_group

2 years

From our new in-depth assessment: The Inflation Reduction Act helps cut emissions to 32-42% below 2005 levels in 2030, with the biggest reductions by far in the electric power sector.

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Rhodium Group

@rhodium_group

3 years

There is enough empty property in China to house over 90 million people (more than the entire population of Germany) - Logan Wright tells @JKynge . See his must/big-read on Evergrande in the @FT

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Rhodium Group

@rhodium_group

4 years

New: We estimate that US net GHG emissions fell by 2.1% in 2019, after a sharp uptick in 2018. The decline is due almost entirely to an 18% drop in coal-fired power generation, to its lowest level in decades. There was little progress elsewhere.

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@rhodium_group

3 years

China’s history as a major emitter is relatively short compared to developed countries, many of which had more than a century head start. Since 1750, members of the OECD bloc have emitted four times more CO2 on a cumulative basis than China. 4/5

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Rhodium Group

@rhodium_group

4 months

Faced with growing geopolitical headwinds, Beijing has doubled down on its ambition to become a more self-reliant global technological powerhouse. But slowing economic growth in China could rein in those ambitions. A short thread looking at how and why. (1/9)

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Rhodium Group

@rhodium_group

3 years

Learn more in our new note available here: 5/5

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Rhodium Group

@rhodium_group

2 years

Consensus expectations for China's economy do not fully reflect the weakness that looms, both this year and in subsequent years, Rhodium's Logan Wright argues in his new note: "Rethinking China's Economic Future". Check it out below

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Rhodium Group

@rhodium_group

4 years

State-led climate policy can play a vital role in putting the US on track for net-zero emissions. In new analysis, we assess the emissions impacts of two landmark California-led clean transportation agreements.

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Rhodium Group

@rhodium_group

2 years

Without new policy, the US will fall significantly short of its 2030 climate target under the Paris Agreement, which is what's required to avert the worst impacts of climate change. Nor does the US meet the target later in 2035. 1/3

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Rhodium Group

@rhodium_group

2 years

Over the past two decades, the UK has attracted far more Chinese FDI than any other European country at 79.6 billion euros. Next come Germany at 30.1 billion, Italy at 16 billion & France at 15.7 billion /END

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Rhodium Group

@rhodium_group

5 years

New from our China Markets Research team: Following #BaoshangBank seizure, Beijing’s dilemma between financial reform and financial stability is clearly in view. What is currently preventing a larger credit crunch?

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Rhodium Group

@rhodium_group

3 years

China’s 2019 per capita emissions reached 10.1 tons, nearly tripling over the past two decades. This comes in just below avg levels across the OECD bloc (10.5 tons), but still significantly lower than the US, which has the highest per capita emissions at 17.6 tons 3/5

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Rhodium Group

@rhodium_group

1 month

Rhodium's Daniel Rosen and Logan Wright argue in @ForeignAffairs that China's current policies will inevitably lead to trade conflict—and not just with advanced economies. Read the piece:

China’s Economic Collision Course

As growth slows, Beijing’s moves are drawing a global backlash.

www.foreignaffairs.com

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Rhodium Group

@rhodium_group

4 years

“Beijing’s aggressive crackdown in Hong Kong came as a shock to many capitals, including Berlin, where momentum is now building against Huawei’s inclusion in the German 5G network. It is in the process of losing Europe" @noahbarkin tells @SCMPNews

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Rhodium Group

@rhodium_group

9 months

One year after the Inflation Reduction Act became law, its effects on future US decarbonization are becoming clearer. We've updated our outlook for US emissions, finding a 29-42% reduction below 2005 levels in 2030. 🧵

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Rhodium Group

@rhodium_group

2 years

We're happy to share that we've opened our first Rhodium Group office in Washington, DC! Learn more:

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Rhodium Group

@rhodium_group

10 months

"The significance of these shifts in investment is that multinational companies’ real economic engagement in China may already be declining significantly, well before more active efforts from these firms to reduce their exposure."

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Rhodium Group

@rhodium_group

1 year

An unprecedented expansion of credit has fuelled China's economy for decades. Now credit growth is under pressure, with major implications for the broader economic outlook. See our new note from Logan Wright - "The End of China's Magical Credit Machine"

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Rhodium Group

@rhodium_group

10 months

We maintain a database tracking China's overseas debt renegotiations. We estimate the total amount of sovereign debt under negotiation since 2020—a mix of principal and deferred income—is over $78 billion.

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Rhodium Group

@rhodium_group

4 years

US electric power sector emissions decreased by ~10% in 2019, a big change from a 1.2% increase in 2018. Unfortunately there was little progress in transportation, industry, buildings, or other sectors. Our new estimates for total US GHG emissions in 2019

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Rhodium Group

@rhodium_group

5 years

NEW: US emissions were up 3.4% last year, widening the gap to meeting #ParisAgreement goals

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Rhodium Group

@rhodium_group

3 years

"China’s greenhouse gas emissions in 2019 surpassed those of the United States and the developed world combined, according to an analysis published Thursday by the research firm Rhodium Group." via @StevenMufson @brady_dennis @washingtonpost

Chinese greenhouse gas emissions now larger than those of developed countries combined

Chinese greenhouse gas emissions in 2019 zipped past the United States and other developed countries combined.

www.washingtonpost.com

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Rhodium Group

@rhodium_group

5 years

New: We estimate that economy-wide emissions increased by 1.5% to 2.5% in 2018.

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Rhodium Group

@rhodium_group

4 years

Reframing the Chinese Debt Crisis in Africa @eolander

New Report Sheds Light on How China Will Handle Its Loans to Poor Countries

The New York-based research firm Rhodium Group released a new report today that draws on an expanded data set of Chinese debt renegotiations with developing countries. The new report,

chinaglobalsouth.com

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Rhodium Group

@rhodium_group

3 years

What does the departure of Angela Merkel mean for German & European China policy? Check out our new note on the looming German election, including coalition scenarios & what they mean for Berlin's positioning vis-à-vis Beijing

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Rhodium Group

@rhodium_group

3 years

Our new analysis finds a robust, long-term spending package can make meaningful progress on US electric power emission reductions. It gets emissions on a straight-line path to zero at least through 2025, and by 2031 emissions are 66-74% below 2005 levels.

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Rhodium Group

@rhodium_group

1 year

Thanks to the IRA, the US is on track to cut emissions 40% below the all-time high by 2030. In order to make its Paris goal, the US must find an extra 10 percentage points of emissions cuts, and quickly. @robinsonmeyer @heatmapsocial on our latest report

America’s Paris Agreement Goals Are Actually Within Reach

New research reveals the U.S. has a plausible but narrow path to accomplishing its international climate commitments.

heatmap.news

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Rhodium Group

@rhodium_group

24 days

China's policy plans will compound the growing imbalance between domestic supply and demand, setting China on course for a trade confrontation with the rest of the world.

Overcapacity at the Gate

China’s National People’s Congress (NPC) concluded in March 2024 with an explicit focus on industrial policy favoring high-technology industries, and very little fiscal support for household…

rhg.com

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Rhodium Group

@rhodium_group

1 year

What does the end of zero-COVID mean for China's growth trajectory in 2023 and beyond? Our new note breaks down the GDP components and finds that a robust economic recovery is not is not on the horizon.

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Rhodium Group

@rhodium_group

11 months

What is the primary reason that there has been no meaningful fiscal support for China’s recovery this year? The weakness of local government's finances. Read our latest note:

Tapped Out

The 2022 annual results of 2,892 local government financing vehicles (LGFVs) reveal a rare decline in overall cash positions, relative to rising interest costs and debt levels. The current…

rhg.com

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Rhodium Group

@rhodium_group

1 year

New: The IRA accelerates the pace of US decarbonization, but the US will need to move even faster to cut emissions in half by 2030. We provide a framework for priorities under the IRA as well as additional policy actions to put the 2030 target in reach

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Rhodium Group

@rhodium_group

2 months

Read more about how the evolving relationship between Germany and China could influence European policymaking as a whole:

Tipping Point? Germany and China in an Era of Zero-Sum Competition

In the first two decades of the 21st century, the German and Chinese economies were as complementary as two major economies can be. In recent years, however, this dynamic has begun to shift in...

rhg.com

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Rhodium Group

@rhodium_group

4 years

From the executive order: "According to Rhodium, rising temps and sea levels in New Jersey has significantly increased economic risk, w an est $60 bn worth of homes and buildings facing increased risk of flooding from hurricanes" Explore our analysis:

The New York Times

@nytimes

4 years

New Jersey will become the first U.S. state to require builders to take into account the impact of climate change, including rising sea levels, in order to win government approval for projects

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Rhodium Group

@rhodium_group

3 months

Lastly, after years of an expanding trade surplus contributing to China’s GDP growth, net exports contracted this year as China’s services imports, particularly tourism, resumed.

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Rhodium Group

@rhodium_group

11 months

Today, @NoahBarkin testified before the Senate Foreign Relations Subcommittee on Europe and Regional Security Cooperation. Some quotes: 🧵

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Rhodium Group

@rhodium_group

1 year

Chinese chipmakers are building market share in mature chip segments not covered by the Oct 7 export controls. Will the US respond? Our new "Running on Ice" note with @snv_berlin provides answers @JPKleinhans @RevaGoujon @Julia_C_Hess @laurenmdudley

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Rhodium Group

@rhodium_group

4 years

"Total bank assets in China have risen 4.5x since 2008 to $41.8tn at the end of 2019, equivalent to ~half of global GDP, according to Rhodium Group. By contrast, Chinese GDP has increased 3x, meaning much of China’s stellar decade of growth has been borrowed rather than bought"

FT China

@ftchina

4 years

China should stand up to revive global demand

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Rhodium Group

@rhodium_group

4 years

Can the US and Europe get on the same page in responding to China? @NoahBarkin & @AgathaKratz lay out five areas where both sides will have to move to make transatlantic cooperation work

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Rhodium Group

@rhodium_group

5 months

Investment in clean technologies is continuing at record levels in the US, as demonstrated by new data from Q3 2023. Actual clean energy and transport investment in the US reached a record $64 billion in Q3 2023—an 8% increase from Q2 and a 42%increase year-on-year

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Rhodium Group

@rhodium_group

2 months

Where did China's investments in the EV supply chain go last year? Roughly a quarter of it went to the MENA region, specifically Morocco. The country's free trade agreements with the US and EU have made it an attractive investment locale.

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Rhodium Group

@rhodium_group

3 years

Our new China Pathfinder report with @ACGeoEcon looks at how China has performed against open market economies in 6 key areas: financial system; competition; innovation; trade; direct investment; and portfolio investment (1/5)🧵

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Rhodium Group

@rhodium_group

2 months

In motor vehicles, China is catching up quickly, and in exports of advanced manufacturing goods, China has already surpassed Germany. This could reinforce the view of China in Germany as a source of unfair competition that is undermining German jobs and prosperity.

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Rhodium Group

@rhodium_group

2 years

Our in-depth, updated assessment of the final climate and clean energy provisions in the Inflation Reduction Act finds emissions will fall to 32-42% below 2005 levels in 2030, compared to 24-35% without the IRA.

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Rhodium Group

@rhodium_group

3 years

TOMORROW: The @USChamber & @rhodium_group will launch a new report on the costs of US-China decoupling, with a special focus on the #aviation , #semiconductors , #chemicals and #medical equipment sectors. Details here:

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Rhodium Group

@rhodium_group

3 years

Last week, New York became the 3rd state to commit to 100% zero-emission vehicle sales by 2035. Together with California and Massachusetts, this increases US ZEV sales to 38% in 2035.

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Rhodium Group

@rhodium_group

3 months

For government spending, a key metric to understand our lower estimate is the inclusion of local fund expenditures, which have been negative all year.

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Rhodium Group

@rhodium_group

4 years

The US-China competition is forcing a free-markets rethink in the Netherlands. @AgathaKratz talks with @business about the shifting mood in The Hague

How China Made the Netherlands Question the Free Market

When the Dutch government invested in home-grown chipmaker Smart Photonics this summer, it was a departure for a country with a hands-off approach to business.

www.bloomberg.com

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Rhodium Group

@rhodium_group

3 years

Will Beijing try to stem the turmoil? Bailouts for firms as large as Evergrande are complicated. And this would not fit with Beijing's "common prosperity" message. For now, the political priority will be protecting homeowners over investors. (8/8) END

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@rhodium_group

5 years

In what sectors of the US economy would a carbon tax be most impactful? Our analysis via project with @ColumbiaUEnergy

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Rhodium Group

@rhodium_group

3 months

For investment's contribution to growth, the headline story of last year was a continued contraction in the property sector. At its peak, property represented nearly a quarter of all activity in China, but it has severely contracted since then.

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Rhodium Group

@rhodium_group

3 months

In sum, 2023 started with a great deal of optimism for an economic rebound. But despite the abundant evidence that the recovery was falling short of expectations, Beijing has kept insisting that the economy is still on track. Read our full analysis:

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Rhodium Group

@rhodium_group

2 years

Put simply, IRA has the potential to be the biggest climate action ever taken by Congress, and swift additional action from federal agencies and states can help put the 2030 target of a 50-52% cut in emissions within reach. 4/4

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Rhodium Group

@rhodium_group

2 years

Rhodium's @noahbarkin explains in @TheAtlantic how Russia's invasion of Ukraine could transform the cost-benefit equation in Germany & Europe when it comes to engagement with systemic competitors like China

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Rhodium Group

@rhodium_group

3 years

Today we are launching our China Pathfinder project with @ACGeoEcon - an annual scorecard of how China is developing compared to leading market economies. Join our launch event at 9am ET To register: To the report:

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Rhodium Group

@rhodium_group

3 years

The consequences of the Evergrande crisis for China’s property sector and the broader economy have the potential to fundamentally change views of China’s economy and the 'inevitable rise' narrative. (2/8)

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Rhodium Group

@rhodium_group

5 years

Today Associate Director @AgathaKratz moderated a panel at the EU-Asia Connectivity Forum with @EIB President Werner Hoyer, @ebrdsuma , @ADB_HQ President Takehiko Nakao, organized by @ECThinkTank

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Rhodium Group

@rhodium_group

10 months

In the case of a major escalation in the Taiwan Strait, G7 leaders have a toolbox of economic countermeasures that have been used before against Russia: (1/2)

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Rhodium Group

@rhodium_group

3 months

On consumption, there are important distinctions to make about the kinds of savings Chinese consumers had in 2023, but one reason consumption was weak is that Chinese households were actually deleveraging, rather than splurging.

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Rhodium Group

@rhodium_group

4 years

If you missed this @BertelsmannFdn webinar on US & EU relations with China and would like to watch, please click on the link below. Insights from @AgathaKratz @wendyscutler @bernhardbartsch @Tony_Silberfeld

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Rhodium Group

@rhodium_group

2 years

The array of clean energy tax credits has the greatest impact on emissions. We find that the oil & gas leasing provisions have a negligible impact on emissions, and are far outweighed by emissions reductions from clean energy, clean vehicle, and energy efficiency deployment. 2/4

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Rhodium Group

@rhodium_group

4 years

A side effect of rate cuts by China's central bank: Companies are borrowing in short-term markets and redepositing the money in banks. A 5th of China's corporate lending is now in such arbitrage investments @rhodium_group estimates @anjani_trivedi

China’s Nips and Tucks Won’t Stop Leverage Buildup

The central bank is creating an arbitrage hole that will misallocate credit and store up new Covid-19 troubles.

www.bloomberg.com

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@rhodium_group

5 years

We’re hiring a communications manager to expand the reach and influence of our independent research on the market impact of energy and environmental policy & the economic risks of global climate change. Details:

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Rhodium Group

@rhodium_group

4 years

New data released today by @FirstStreetFdn discloses the flood risk for all 142 million homes and properties in the US. Rhodium Group and our research partners at @impact_lab helped create the model

New Data Reveals Hidden Flood Risk Across America (Published 2020)

Nearly twice as many properties may be susceptible to flood damage than previously thought, according to a new effort to map the danger.

www.nytimes.com

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Rhodium Group

@rhodium_group

4 years

In his new note "The Biden-Trump China Toughfest" founding partner @RhodiumDan looks at US strategy on China & offers some advice for the presidential candidates

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Rhodium Group

@rhodium_group

1 year

Although Beijing has rolled out the rhetorical welcome mat for foreign investors, it hasn't offered a similarly convincing shift in policy. Read the latest update to our China Pathfinder study in partnership with @ACGeoEcon :

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Rhodium Group

@rhodium_group

4 years

Scale-up of direct air capture tech could create at least 300,000 new jobs in the construction, engineering, and equipment manufacturing sectors. Cement and steel jobs could increase by at least 50% from current levels. New analysis:

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Rhodium Group

@rhodium_group

3 years

The property sector is estimated to represent 20-25% of China's economy and 30-35% of total bank credit. If the property market is in a meaningful downturn, the real economy is sure to follow, as we saw in 2014. (6/8)

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