• Wednesday, October 23, 2019

India and China - A GDP Comparison

Discussion in 'World Affairs' started by Nanga Tarzan, Oct 14, 2016.

  1. Gandhi G in da house

    Gandhi G in da house ELITE MEMBER

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    We are going to get bullet trains very soon from Japan. Look up on Google.

    As for cities, it's not necessary for cities to look like Shanghai or Shenzen for overall development of a country.
     
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  2. Götterdämmerung

    Götterdämmerung SENIOR MEMBER

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    US central bank is privately owned, Chinese central bank is state owned. That tells all.
     
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  3. Nanga Tarzan

    Nanga Tarzan FULL MEMBER

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    China has one ace up its sleeve and that is its huge foreign currency reserves. That's why they are investing money in any country they can find an opportunity. The hope is that these investments will balance the slowdown at home. I don't think there would be a hard landing, just a slowdown. But even if a $10 trillion economy grows at 3-4%, it's still pretty good.
     
  4. my2cents

    my2cents SENIOR MEMBER

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    But they are still growing at 6%. That shows they still have traction to grow exponentially for next decade.
     
  5. dani958

    dani958 BANNED

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    dont forget china have big debt
     
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  6. AndrewJin

    AndrewJin ELITE MEMBER

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    Caste system must be completely eliminated. Otherwise, no hope.
     
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  7. dy1022

    dy1022 FULL MEMBER

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    WOW, look who's talking about big debt !!!


    While Media Obsesses Over Pussy-Gate, US Debt Soars To $19.7 Trillion
    The US government’s debt level has soared to just a hair under $19.7 trillion. To give it some context, that’s up over $170 billion in just eight business days.... the fastest pace in 13 months. It’s almost as if Barack Obama is intentionally and desperately trying to breach the $20 trillion mark before he leaves office in January.


    http://www.zerohedge.com/news/2016-...es-over-pussy-gate-us-debt-soars-187-trillion




















    Hong Kong's Balance of Payments and International Investment Position statistics for second quarter of 2016 [22 Sep 2016]

    HONG KONG SAR: At the end of the second quarter of 2016, Hong Kong's external financial assets and liabilities amounted to HK$ 34,269.5 billion and HK$ 25,619.8 billion respectively. After netting out the external financial liabilities from the external financial assets, Hong Kong was a net creditor. Hong Kong's net external financial assets amounted to HK$ 8,649.7 billion (at exchange of 7.76:1, equivalent to US$ 1.1114652 trillion) at the end of the second quarter of 2016, compared with HK$ 8,480.9 billion at the end of the first quarter of 2016.
    http://www.censtatd.gov.hk/press_release/pressReleaseDetail.jsp?charsetID=1&pressRID=3884

    Updates of World's Largest Creditor Nations

    JAPAN: As per latest Ministry of Finance report, at the end of second quarter 2016, Japan's net IIP stood at yen 354,341 billion (at exchange of 103.64:1 equivalent to US$ 3.41896 trillion).
    http://www.mof.go.jp/international_policy/reference/iip/201609a.pdf

    GERMANY: As per latest Bundesbank report, at the end of second quarter 2016, Germany's net IIP stood at euro 1,548.1 billion (at exchange of 1:1.11, equivalent to US$ 1.718391 trillion).
    http://www.bundesbank.de/Redaktion/...rmoegen_quartal.en.pdf?__blob=publicationFile

    CHINA: As per SAFE, at the end if second quarter of 2016, China's net IIP stood at US$ 1.6636 trillion.
    http://www.safe.gov.cn/wps/portal/english/Data/Investment

    TAIWAN: As per latest CBC report, at end of 2015, Taiwan's Net International Investment Position stands at US$ 1.053905 trillion, an increase of US$ 117.299 billion from a year ago. CBC releases IIP data annually, no quarterly data available.
    http://www.cbc.gov.tw/public/Data/661516275171.pdf

    SWITZERLAND: As per Scheweizerische Natl Bank, stocks of foreign assets increased by CHF 71 billion to CHF 4,298 billion in the second quarter of 2016. Stocks of foreign liabilities also rose, by CHF 33 billion to CHF 3,541 billion, mainly due to transactions reported in the financial account. The net international investment position advanced by CHF 37 billion to CHF 757 billion (at exchange of 1:01, equivalent to US$ 764.57 billion).
    https://snbchf.com/2016/09/swiss-balance-payments-investment-position-q2/

    SAUDI ARABIA: The Saudi Arabian Monetary Agency reported net foreign assets of US$ 572 billion in end of May 2016, the lowest level in four years. The slump in crude prices has forced the government to sell bonds and draw on its currency reserves, still among the world’s largest. Net foreign assets fell by $115 billion last year, when the kingdom ran a budget deficit of nearly $100 billion.
    http://www.bloomberg.com/news/artic...foreign-assets-fall-to-four-year-low-in-april














    New Standing

    Hong Kong has marginally overtaken Taiwan as world's 4th largest creditor by end Q2 2016, only trails Japan, Germany and China Mainland. However, note Taiwan's quarterly data are unavailable, hence the final ranking is yet to be confirmed at end 2016.

    For Greater China as a whole (without accounting for Macau) combined position surpasses US$ 3.82897 trillion, making her world's largest creditor nation.
     
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  8. AndrewJin

    AndrewJin ELITE MEMBER

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    Soon means 20 years or 50 years?

    No need to mention any of China's first or second tier cities.
    The capital of China's poorest province could be a good benchmark.
    Thanks.
     
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  9. dy1022

    dy1022 FULL MEMBER

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    How dare a beggar on the street compares with the richest man ?

    What kind of level of these bragging and boasting ???
     
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  10. grey boy 2

    grey boy 2 SENIOR MEMBER

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    There is nothing to compare, we're simply not in the same league period
    The gap is widening each and everyday
    [​IMG]
     
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  11. AndrewJin

    AndrewJin ELITE MEMBER

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    Well, you should understand most indian members here are RSSers who can never sensibly gauge their own country's real situation. As I have said, the only hope for them is to abandon caste and many of the ideas and discourses in their religion.

    A proper national mindset with long-term insight and critical thinking can transform a country. Until now, I can't see that in india.

    Let's have a look at regional economy in China.

    Forget about China's Coastal Region ($ 6 trillion dollars, 7% growth) or my turf Central China ($ 2 trillion dollars).

    Just compare with Western China, a 2 trillion dollar economy, growing at 8-9% in H1 2016.

    The reality is the gap between China's West and entire india is getting bigger and bigger everyday....
     
    Last edited: Oct 14, 2016
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  12. Nilgiri

    Nilgiri ELITE MEMBER

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    I actually like to see these old figures for India (what 5 years old now?) and see what they are now.

    Child mortality rate is now in the mid 30s in India for example. Life expectancy is 68, soon to be 69.

    Adult literacy rate in mid 70s now.

    Birth rate below 20 now.

    Just a few examples.

    That means the year difference is declining a lot as well given the rates of improvement given India is further away from the threshold limit.

    Anyways keep posting your 2011 data, it is good for me to see the pace of change in India.

    Whats important is physical consumption, not how overvalued or undervalued a currency might be w.r.t US dollar which reflects in price levels.
     
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  13. Khan_21

    Khan_21 SENIOR MEMBER

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    Well the difference is Chinese made those trains and you are going to import them . if you want to replicate Chinese success story you have to have cities like Shanghai , Shenzhen , Wuhan , Beijing . Right now your urbanisation by % of population is even lower than Pakistan let alone China .
     
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  14. AndrewJin

    AndrewJin ELITE MEMBER

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    Talk about physical consumption!

    屏幕快照 2016-10-14 17.03.42.png
    屏幕快照 2016-10-14 17.03.26.png

    consumption-of-fruits-and-vegetables-global-and-asian-perspective-13-638.jpg

    average selling price smartphone China:india.png

    Comparing Ecommerce Opportunity in China and India.png
     
    Last edited: Oct 14, 2016
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  15. dani958

    dani958 BANNED

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    well chine are more rich and advance than india