China and housing: Two things we might have missed
One of the issues with sushi train political journalism (just grabbing whatever comes round on the train) is that only the bright and shiny – often speculative – pieces get picked up.
Barnaby Joyce yelled at his dog?! Anika Wells won an international award? The Greens changed leaders? A lobby group with a vested interest is warning against a change that would impact its vested interest? Go to town.
But the more staid and plodding carriages – those with warnings outside the political cycle, with a focus on the bigger picture, they tend to get left to circle the track ignored.
That’s not new – reports get released and ignored every day.
But with all the focus on the minutiae of the political cycle, important moments get missed.
Like this from the Institute for Energy Economics and Financial Analysis, which detailed China’s emergence as a gas reseller. Despite what you may have been told, demand for gas in China is easing, with the emerging super power transiting to renewable power faster than originally expected in a bid to control its own energy future.
It’s managed the mismatch between its plateauing demand for LNG and its own rapidly growing LNG contract portfolio, the IEEFA tells us, by re-selling imported gas. It’s been so successful at it, it has resold between 17 and 19 million tonnes of LNG in 2025 alone (roughly the equivalent of what it imported from Australia), and earned an estimated profit of $US4.6 billion ($A6.6 billion)........
