Foreign media: The "Opium War" of the Chinese economy

Abstract CNBC published a commentary on "China is struggling with "addiction"", saying that to understand why investors are panicking about China's financial sector, China can be compared to an addict. The commentary said that the Chinese government is worried about the economy...
CNBC's commentary on "China is struggling with "addiction"" said that to understand why investors are panicking about China's financial sector, China can be compared to a drug addict.

The commentary said that the Chinese government is worried about the slow economic development and liberalization of credit gates, enabling mainstream companies and local governments to borrow large amounts of cash. These state-owned enterprises and governments are burdened with large amounts of debt to build high-rise buildings and railways. This has helped advance China's growth and promote global economic development. Now these participants and banks have found that the road to low-cost cash has been cut off, just as the addicts repaired before quitting, they will undergo a contraction process.

The People's Bank of China intervened in the event of a cash shortage, but the central bank has recently been surprised that the central bank has contracted to ease the cash flow in its short-term funds. However, banks have also experienced the pain of the credit crisis. Banks borrowed at higher interest rates, and interest rates in the money market rose to a new record yesterday, more than 10%. Bankers flocked elsewhere to find the next growth point.

Many of the supervision of the People's Bank of China is a test of the state's fiscal system, or it is desirable to regulate borrowers who bear additional risks. Another possibility is that with the support of China's new leadership, the central bank is changing the nature of banks, curbing rising debts and reducing waste.

The commentary suggests that this may be the starting point for reform. However, the problem is that if policy makers only realize that the danger of debt flooding cannot alleviate the bank’s misdeeds, it may face unpredictable and equally dangerous for this debt-dependent economy. result.

Cobalt Compounds:

1. Cobalt oxide: usually cobalt oxalate or cobalt carbonate as raw materials calcined at 500-600 ℃ cobalt oxide, the main reaction is as follows:

CoC2O4 == CoO + CO + CO2; CoCO3 == CoO + CO2

2. Cobalt hydroxide: It can usually be neutralized with sodium hydroxide solution in cobalt chloride solution or cobalt sulfate solution. The main reactions are as follows:

Co2 ++ 2OH - == Co (OH) 2 Co (OH) 2 + O2 + 2H2O == 4Co (OH) 3

3. Cobalt chloride: usually available cobalt powder with dilute hydrochloric acid into cobalt chloride solution, and then crystallized by evaporation of cobalt chloride crystals, the main reaction is as follows: Co + HCl --- COCl2; Co + H2SO4 --- COSO4

4. Cobalt sulfate: usually cobalt oxide as raw material, dissolved in sulfuric acid after evaporation crystallization of pink cobalt sulfate crystals, the main reaction is as follows: CoO + H2SO4 == CoSO4 + H2O

5. Cobalt carbonate: It can usually be obtained by precipitation with sodium carbonate solution in cobalt chloride solution or cobalt sulfate solution. The main reactions are as follows:

CoCl2 + Na2CO3 == CoCO3 + 2NaCl

6. Cobalt oxalate: It can usually be precipitated with ammonium oxalate solution in cobalt chloride solution or cobalt sulfate solution. The main reactions are as follows:

(NH4) 2C2O4 + CoCl2 == CoC2O4 + 2NH4Cl

7. Oxidation of high cobalt: cobalt carbonate or cobalt oxalate can usually be heated in oxygen, further oxidation obtained, the main reaction is as follows:

3CoCO3 + O2 ==== Co2O3 ++ CO2; CoC2O4 + O2 ==== Co2O3 + CO2 + CO

8. Cobalt Hydroxide: 4Co (OH) 2 + O2 + 2H2O === 4Co (OH) 3; 2Co (OH) 2 + NaClO + H2O == 2Co (OH) 3 +

2Co (OH) 3 + 6HCl == 2CoCl2 + Cl2 + 6H2O

Cobalt Compounds

Cobalt Compounds,Spinel Compounds,Multi-Functional Electrolytic Copper,High-Volume Electrolytic Copper

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