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US controls the world economy in more ways than you can imagine, you are playing their game by their rules. I would rather take the opinion of western economists than anybody else. Btw, even many chinese economists are not very positive about the economic mess in China.
Its call perception. They are trying to distort it. The US is running on an economy with 800% debt and called China's debt of 300% a problem? Its just nowadays, western media are not hyping about theirs. Why i call it magic? US has been in huge deficit so long that make no sense to me. Maybe someone could tell how they do it, I would appreciate it. It is more likely the Magician won't reveal their secret. They would tell you they did this and that, but that is not the whole truth.

No doubt China has problem, but they have more tools to steer the economy than the west. Advantage of a command economy.
 
China steps up infrastructure investment with go-ahead for 21 projects over past month

China has approved infrastructure projects worth a combined total of more than $100 billion over the past month, according to new figures from government agencies.12 Nov 2014

Figures from the country’s National Development and Reform Commission(NDRC), cited by the state-run Xinhua News Agency and reported by Reuters, said 21 infrastructure investment projects were approved between 16 October and 5 November, with a total value of around $113bn.

Xinhua said the projects included 16 railways and five airports to help boost sluggish annual growth, which Xinhua said slowed to 7.3% in the third quarter of 2014 and was “the weakest since the height of the global financial crisis”.

According to Xinhua, blueprints for the construction of five additional airports and three railway projects in China were given the go-ahead by the NDRC in October 2014. Total investment in the proposed projects, contained in feasibility studies presented to the NDRC, amounted to around $24.4 billion.

The NDRC’s approvals are in line with the Chinese government’s efforts to push ahead with plans to increase infrastructure investment in the country's less-developed central and western regions. Government figures show China's urban fixed-asset investment grew only 16.1% year on year in the first nine months of 2014, which Xinhua said was “largely due to a continuing downturn in the real estate market that has dragged down the broader economy.

In a report published last September, Xinhua said a new airport in north-western China’s Qinghai Province, on the Qinghai-Tibet plateau, was expected to be completed “within the year”.

According to a 2011 survey by KPMG China (4-page / 160 KB PDF), China’s 12th five-year plan outlined government plans to invest more than $260bn in developing the country’s aviation industry. KPMG’s report said: “The switch of focus to domestic consumption and the desire to improve prosperity of the people, would help drive demand for air travel, both domestically and internationally. Increasing prosperity is also likely to increase demand for higher-end cargo, which is more likely to be transported by air.”
 
Right China is inflate away the bad debt..
You can buy only half of the products with same money 7 years ago.
Yet people make 4 times of salary than 7 years ago.
So in total people`s life is still improving and the society is stable.
So this kind of strategy only apply in big developing country with strong potential...
And it works for China.

As a business visit to supplier in India, I see that India is getting started on manufacturing industry.
Still slow copy of China`s model 30 years ago, using cheap labor to assembly certain components.
But as China`s labor cost is increasing very fast, I see the trend of moving industry to India..
China will maintain the middle and some high end manufacturing and India will take over the low end.

You are right. This kind of communication is necessary..
With better communication, we can see advantage from others, learn from others and respect others..
By only talking here, we are not able to see much of the world..

Inflating away the debt is one of the strategy China is using, there are several other strategies China is following to manage the crisis. If we talk about this point only, then this has its own impact on China's social and economic health, for example, not all Chinese will going to have matching higher income to deal with the inflation this move will cause, how they will react? China is already becoming very expensive as an outsourcing destination, with higher wages it will become even more expensive as an outsourcing destination; leading to job cuts in an inflated economy! China is also trying to reduce real estate cost and probably has already implemented a conditional one flat policy, now most of the Chinese middle-class investment is in real estate, how they will take the devaluation of their assets? Now if you combine the effect of rising inflation, devaluation of assets and probable job cuts due to the rising cost as an outsourcing destination, you have a 2008 sub-prime crisis like situation at hand, though at a much larger scale, as this will lead to further loan defaults and bad debts in an already streched banking system. The situation is actually far more complex and grave than we can see on the surface.
 
The Chinese Yuan has been rising constantly against the dollar for the past 5 years...

BBC News - Chinese yuan reaches record high

Whereas the Indian Rupee fell from 39 a few years ago... to the current 62.

Looka at the DATA i pest here with.

period CNY/USD CNY/ EUR

period CNY/USD
1980 1.5
1981 1.7
1982 1.89
1983 1.98
1984 2.32
1985 2.9366
1986 3.4528
1987 3.7221
1988 3.7221
1989 3.7651
1990 4.7832
1991 5.3233
1992 5.5146
1993 5.762
1994 8.6212
1995 8.349
1996 8.3143
1997 8.2897
1998 8.2791
1999 8.2783
2000 8.2783
2001 8.277
2002 8.277
2003 8.277
2004 8.2765
Jan-04 8.277
Feb-04 8.2771
Mar-04 8.2771
Apr-04 8.277
May-04 8.2769
Jun-04 8.2766
Jul-04 8.2769
Aug-04 8.2767
Sep-04 8.2766
Oct-04 8.2765
Nov-04 8.2765
Dec-04 8.2765
Jan-05 8.2765
Feb-05 8.2765
Mar-05 8.2765
Apr-05 8.2765
May-05 8.2765
Jun-05 8.2765
Jul-05 8.108
Aug-05 8.0973
Sep-05 8.093
Oct 2005 8.084
Nov-05 8.0796
Dec-05 8.0702
Jan-06 8.0608
Feb-06 8.0415
Mar-06 8.017
Apr-06 8.0165
May-06 8.0188


Look how Chinese uan down by 5 and half time in 25 pears. Now apply your logic here also. On the othe hand Depriciation of Indian rupee was almost same i.e less than 5.5 times. I do not know why you guys becomes so selective when it comes to comperrision and unwilling to accept truth.

China steps up infrastructure investment with go-ahead for 21 projects over past month

China has approved infrastructure projects worth a combined total of more than $100 billion over the past month, according to new figures from government agencies.12 Nov 2014

Figures from the country’s National Development and Reform Commission(NDRC), cited by the state-run Xinhua News Agency and reported by Reuters, said 21 infrastructure investment projects were approved between 16 October and 5 November, with a total value of around $113bn.

Xinhua said the projects included 16 railways and five airports to help boost sluggish annual growth, which Xinhua said slowed to 7.3% in the third quarter of 2014 and was “the weakest since the height of the global financial crisis”.

According to Xinhua, blueprints for the construction of five additional airports and three railway projects in China were given the go-ahead by the NDRC in October 2014. Total investment in the proposed projects, contained in feasibility studies presented to the NDRC, amounted to around $24.4 billion.

The NDRC’s approvals are in line with the Chinese government’s efforts to push ahead with plans to increase infrastructure investment in the country's less-developed central and western regions. Government figures show China's urban fixed-asset investment grew only 16.1% year on year in the first nine months of 2014, which Xinhua said was “largely due to a continuing downturn in the real estate market that has dragged down the broader economy.

In a report published last September, Xinhua said a new airport in north-western China’s Qinghai Province, on the Qinghai-Tibet plateau, was expected to be completed “within the year”.

According to a 2011 survey by KPMG China (4-page / 160 KB PDF), China’s 12th five-year plan outlined government plans to invest more than $260bn in developing the country’s aviation industry. KPMG’s report said: “The switch of focus to domestic consumption and the desire to improve prosperity of the people, would help drive demand for air travel, both domestically and internationally. Increasing prosperity is also likely to increase demand for higher-end cargo, which is more likely to be transported by air.”


Let us hope that they are not Ghost cities and bridges over the rivers where they are not required. Let us hope that these peoject do not add to that 6.8 TR usd useless investment.
 
Not only investment in domestic infrastructure, but also on foreign infrastructure is also important. This is a boost for China's economy both directly and indirectly.

Indirectly, it helps China by helping neighboring countries have a better social and economic infrastructure. China does not desire to be surrounded by Mexicos but Canadas.

Here is a slew of recent infrastructure/investment deals:

China's 'New Silk Road' to Spur Infrastructure Investments

China is on the move again. The country’s economy may have slowed, but that doesn’t mean Beijing is sitting still about it. Instead, China is pushing ahead with a project that President Xi Jinping first revealed while visiting Kazakhstan last year.

The “New Silk Road” is the target of a $40 billion fund aimed at financing the construction of infrastructure that will link China with three continents over land and sea, with railroads, pipelines and roadways reviving trade both overland and along shipping routes in an echo of the original Silk Road.

GCR - News - China to invest $46bn in Pakistan’s infrastructure

China is planning to put $46bn into energy and infrastructure projects in Pakistan over the next six years. Financing will come from the Chinese government and state-owned banks, and will allow the Chinese to form commercial companies.

Almost $34bn of the investment will go towards energy projects and will help ameliorate power shortages in Pakistan. The remaining $12bn will be spent on transport infrastructure.

Some $15.5bn of coal, wind, solar and hydro projects will be authorised by 2017, which will add 10.4GW to the national grid. A further 6GW is due to be added by 2021; the total cost is estimated to be about $18bn.

China eyes investments in Slovenia infrastructure | Capital Business

Slovenian state radio said Thursday that Wang’s delegation, which included some 150 businessmen, was the largest to visit Slovenia ever and targeted possible investments in the country’s main Adriatic port in Koper, transport infrastructure and other state owned companies.

“Due to its position, Slovenia can be a very good entry point for the Chinese economy into the European Union,” Zidan told journalists after his first meeting with Wang.

Zuma looks to China to meet growth pledge - Business News | IOL Business | IOL.co.za

China had agreed to come to the party by sharing its technology for South Africa’s multitrillion-rand infrastructure programme, he said.

South Africa has earmarked R4 trillion for infrastructure over the next 15 years. The government has spent more than R1 trillion on infrastructure in the past five years.

***

More to come. At home and abroad.
 
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Its call perception. They are trying to distort it. The US is running on an economy with 800% debt and called China's debt of 300% a problem? Its just nowadays, western media are not hyping about theirs. Why i call it magic? US has been in huge deficit so long that make no sense to me. Maybe someone could tell how they do it, I would appreciate it. It is more likely the Magician won't reveal their secret. They would tell you they did this and that, but that is not the whole truth.

No doubt China has problem, but they have more tools to steer the economy than the west. Advantage of a command economy.

How US does it is a huge topic itself and needs a separate thread, but they are managing the world economy and they have the ability to twist and turn it to some extent as per their liking. And their debts are own by other countries, even China owns a significant amount of US debt. :) Their R&D and branding is also very strong, so rest of the world is earning for them, for all the US products and services you deliver from China; they earn a profit, even Chinese brands like Oppo, Xiaomi or Lenovo is earning profits for US if you see what you are selling, Windows, Android, Intel, etc. are actually their products.
 
Mapping trajectory of global capital flows



e89a8f5fc4c215ef3ab108.jpg

Taking into account domestic and overseas economic conditions, China may retain its targeted easing in monetary policy in 2015 to avoid a hard landing of the economy, with the possibility of further cuts in both bank reserve requirement ratio and benchmark interest rates, experts say. [Provided to CHINA DAILY]

Economists are viewing China's monetary policy in 2015 as the next beacon in directing global capital flows, as the US dollar strengthens and the Japanese yen weakens.

They suggest that the economy will grow in its influence on the world's economic recovery, as policymakers continue their efforts to strengthen growth at home.

Rather than responding to the actions of the US Federal Reserve and the Bank of Japan, experts prefer to view China's motivation for rates cut on Nov 21 as being to lower borrowing costs for the real economy and accelerate interest rate liberalization.

The People's Bank of China, the country's central bank, announced to lower the benchmark one-year deposit rate by 25 basis points to 2.75 percent and cut the lending rate by 40 basis points to 5.6 percent.

The upper ceiling on the deposit rate was raised to 120 percent of the benchmark rate, up from the previous 110 percent.

Nearly three weeks before that, the Bank of Japan expanded its quantitative monetary easing policy, right after the US Federal Reserve announced it was ending its third round of quantitative easing. Since then the yen has weakened sharply against the dollar leading to depreciating pressures on other Asian currencies.

Economists are concerned that the ongoing depreciation of the yen may rekindle competitive currency devaluation, or a "currency war", in the region.

Japan's biggest export competitors, particularly South Korea, may cut their own interest rates further after it lowered its rates twice this year, economists say.

But Louis Kuijs, chief economist in China at the Royal Bank of Scotland, says it is unlikely that the Chinese yuan would depreciate in response to the yen's fall.

"Competing with Japan is not a major issue in China, as the importance of Japan as an export market has diminished," he says.

"Aware that China is still growing its share of global trade, the country's leaders are more concerned about the state of global demand than about its own competitive position."

Concern has grown after the recent appreciation of the greenback drove up the value of the yuan against most other major currencies.

Learning from the lessons of the Asian financial crisis in the late 1990s, and more recently the 2008 global financial crisis, China prefers to keep its currency value fixed to the dollar, while many other currencies have suffered depreciation or even turmoil in the international financial markets, says Kuijs.

China's increased influence on the global economic and financial system, says Kuijs, and more specifically, its goal of internationalizing the yuan strengthens its case against engaging in anything that looks like "competitive devaluation".

A recent report from Singapore's DBS Group suggested the yen's depreciation will boost Japan's real economy but that would only be short-lived.

"Over the past two years, the depreciation of the yen failed to lift export volumes and industrial output proportionately. Structural headwinds and fiscal constraints will continue to weigh on the economy," it says.

Besides, it pointed out that any rise in Japan's capital outflows could be a longer-term story, determined by the negative growth and interest rate differentials between Japan and the rest of the world.

In the meantime, China's current macroeconomic policy is much more focused on supporting domestic demand than exports, as the real estate downturn continues to dampen growth, which may now drop to a historical low.

Zhu Jianfang, chief economist at CITIC Securities Co Ltd, says that China may retain its targeted easing in monetary policy in 2015 to avoid a hard landing of the real economy, with the possibility of further cuts in both the bank reserve requirement ratio and benchmark interest rates.

e89a8f5fc4c215ef3ad209.jpg


Given the current sluggish economy, the central bank remains under pressure to bring down financing costs for business borrowers and lower the interbank interest rates.

A research note from JPMorgan Chase & Co has said that the PBOC could make two RRR cuts of 50 basis points each in 2015 to stabilize broader money supply, or M2 growth, which will be accompanied by targeted quantitative easing.

Wang Tao, chief economist in China at UBS AG, says that narrowing interest rate differentials and increasing capital outflows can help drive the yuan modestly weaker against a strengthening dollar amid heightened volatility.

"Although the government wants to avoid exacerbating economic imbalances with an excessively expansionary monetary policy, it also needs to prevent passive tightening in light of slower foreign exchange inflows and tightening shadow banking rules," she says.

China's exchange rate policy may become more flexible next year as the internationalization of the yuan is accelerated, says Zhou Shijian, a senior trade researcher at the Center for US-China Relations at Tsinghua University.

The yuan is likely to be a part of the IMF special drawing rights' basket by 2020, by which time the capital account will be fully opened to the international market and the currency will be freely exchanged, so monetary policy should start preparing for that from now, says Zhou.

Lian Ping, chief economist with the Bank of Communications, says that in the near future, both capital inflows and outflows will be seen, and cross-border funding flows will become more volatile.

"The current environment is complicated," says Lian.

Besides the effects of an end to the United States' quantitative easing, the pressure on domestic companies to boost direct overseas investments and measures to lower internal market interest rates will together affect capital flows, he says.

"As Chinese economic growth enters a structural downturn and the international payments surplus narrows, the growth in China's foreign exchange purchases is expected to slow down in the medium term."

As the country's trade surplus rises and domestic investment slows, China is likely to generate large current account surpluses over a prolonged period.

The large scale of surpluses will then transform into capital outflows and be injected into global infrastructural investments.

"China's fund outflows may keep long-term capital cheap even if the world's major central banks tighten their monetary policies. How the world absorbs China's large current account surpluses will define the next round of economic expansion," says Sanjeev Sanyal, global strategist at Deutsche Bank.

He said that a real appreciation of the yuan is unlikely to correct those surpluses, but could perversely add to them.
 
Investment is how you run an economy. Without investment, you have no economy. Investment is the driver of any economy. You bring investment to 0, trade and consumption collapses.

There is always some bad investment, but it is because of the high investment rate that China has risen so quick.
 
China is doing great as it is。

Our neighbours can either copy our model or stick to their own modes of development。

In so far as infrastructure investments are concerned,there aren't many who are as smart and efficient as the Chinese。:D
 
China is doing great as it is。

Our neighbours can either copy our model or stick to their own modes of development。

In so far as infrastructure investments are concerned,there aren't many who are as smart and efficient as the Chinese。:D

If it were not good for China, they would not criticize it. That's for sure. :)
 
China is doing great as it is。

Our neighbours can either copy our model or stick to their own modes of development。

In so far as infrastructure investments are concerned,there aren't many who are as smart and efficient as the Chinese。:D

China is as smart as Soviet Union... It indeed had it years of "glory" for a few odd decades.

Unfortunately for you, much of your remaining life will be spent in a chine se equivalent of "post-soviet Russia", if not worse.

Only thing is that the people's republic doesn't seem to reaching soviet heights, before its demise.
 

Since you like our ghost cities so much. BTW, you didn't even nail the one major problem we do have with our massive urbanization. lol

you are telling people to see India, but without seeing China you are making these judgements.

Then you say India is doing good, even though it's growing far slower even as a percentage.

Tell me who should get the benefit of the doubt, our massively successful economy for three decades, or yours for three years.

Again, it's perception and not about India in particular.

New Documentary Explores the Less Ghostly Side of China’s Ordos - China Real Time Report - WSJ

New Documentary Explores the Less Ghostly Side of China’s Ordos


17



5





BN-FX393_Ordos_G_20141208033856.jpg

Ordos has long been one of China’s most well-known ghost cities. A new documentary explores another side to the region.

Song Ting and Adam Smith
On arriving in Ordos, Inner Mongolia, filmmakers Adam Smith and Song Ting found a city far less ghostly than they expected.

After seeing numerous media reports labeling Ordos one of China’s most notorious “ghost cities,” the duo were intrigued. In person, however, they found a story they thought was even more compelling: the government’s efforts to relocate erstwhile corn and potato farmers into these newly built neighborhoods.

Their film, “The Land of Many Palaces,” premiering in January, explores China’s ambitious urbanization drive, focused in particular on the experience of one government official trying to persuade farmers to trade in land for new lives.

China Real Time spoke with Mr. Smith and Ms. Ting spoke about their documentary. Edited excerpts:

What inspired the name of the documentary?

Mr. Smith: The meaning of Ordos in the traditional language means ‘many palaces.’ I think it refers to this ancient story that Ordos became known for – of Genghis Khan making his way through the land and erecting tents. The current meaning for us refers to the development of wealth in the region, the luxury villa developments and palatial hotels and museums and apartment communities. There’s a great deal of luxury there.

Why did you pick Ordos as a subject?

Mr. Smith: We were interested in ghost cities, and even though there are quite a few examples, Ordos was the most interesting example for a few reasons. Partly its isolation, the cinematic romance associated with its surroundings — grasslands and desert. Initially it was Ordos’s ghostliness that attracted us, but what we found most interesting was that it was a city coming into itself, it was becoming something. We uncovered this plan in which the government was going to heroic efforts to move the rural population into this new city [of Kangbashi].

It’s been kind of a slow process because they’re not forced relocations. We follow a government official whose job was to go out to villages and persuade farmers to move in exchange for compensation, an apartment and perhaps money.

How successful has the relocation push been?

Ms. Ting: The numbers released at the end of 2010 said the city was built for 300,000 people. But then in the end of 2010, they only had a population of 30,000. This year we are looking for accurate data, so far I don’t think it’s been released. But you can feel there are a lot more people, maybe about 100,000.

How does this fit more broadly into China’s urbanization push?

Mr. Smith: There’s a larger plan in China over the next 15-20 years to relocate 250 million rural people into cities. We were interested in using Ordos as a conduit to explore this larger urbanization plan and this trend not only in China, but around the world. In 2008, humanity reached the point where there were more people living in cities than in rural places. We wanted to explore what the implications of that are.

BN-FX394_ordos_G_20141208034218.jpg

Farmer Hao Shiwen, one of the last remaining farmers in his village, stands with his sheep in November 2012.

Song Ting and Adam Smith
What were the responses of the farmers you talked to?

Ms. Ting: Five years ago the government was very rich and more generous giving compensation packages. Then the financial crisis happened and so the compensation farmers are getting now is a great deal lower than at the beginning of this process.

Mr. Smith: A lot of foreign people think it’s a bad thing that the government is relocating people to cities, that it’s terrible they’re taking away their traditional way of life, etc. I sort of changed my thinking process a bit during the making of this film. I think quite a lot of the people who have moved into the city from rural areas are quite happy they now have modern facilities. Not all of them, but a few of them we spoke to. A lot of farmers are struggling in Ordos — even by Chinese standards, they are really very poor, it’s a pretty arid region.

Ms. Ting: I’ve also heard that in other newly built cities in China, farmers are given huge compensation. Some of them ended up getting more than one apartment, so they have the ability to rent out their extra housing and they are making profit out of it. But that didn’t happen in Ordos because there’s not many outsiders who come to work or live in the new city. So even if they have extra housing, it’s not more profit for them.

What do relocated farmers do in the city? What are their employment prospects like?

Ms. Ting: Most young people turn to jobs in bigger cities. When we visited Ordos, most of the people we saw were seniors old enough not to have a job anymore. Some mid-aged farmers are still trying to work, but jobs they can find are either cleaning or physical labor work. Now they’re trying to attract more big factories so these farmers can have jobs.

Mr. Smith: An interesting thing we saw was the amount of people there who are sort of employed in pointless jobs. For example, on the empty highway surrounding the city in the winter, you see a lot of people sweeping up sand after sandstorms. And the next day there’d be a sandstorm and people go out and sweep some more. You get the sense the government, because they’ve moved these people, they have to create some jobs for them. But a lot of people are just given these meaningless jobs that don’t have much of a point.

Tell me about the government worker you profile.

Mr. Smith: When we were there, her job was helping ex-farmers adapt to urban life in her community and organize events for them to participate in. We also shot her going out to try and persuade one family in an abandoned village to move. It was a farming couple, an old lady and an old man. I think it was maybe her third or fourth visit to try and persuade them to move. These people weren’t budging, even though their life wasn’t great in the countryside. She was saying, in the cities you can relax, watch movies, go dancing, play mahjong, etc. They were just saying we’re not interested, we want to stay here.

– Edited from an interview with Te-Ping Chen
 
Not only investment in domestic infrastructure, but also on foreign infrastructure is also important. This is a boost for China's economy both directly and indirectly.

Indirectly, it helps China by helping neighboring countries have a better social and economic infrastructure. China does not desire to be surrounded by Mexicos but Canadas.

Here is a slew of recent infrastructure/investment deals:

China's 'New Silk Road' to Spur Infrastructure Investments

China is on the move again. The country’s economy may have slowed, but that doesn’t mean Beijing is sitting still about it. Instead, China is pushing ahead with a project that President Xi Jinping first revealed while visiting Kazakhstan last year.

The “New Silk Road” is the target of a $40 billion fund aimed at financing the construction of infrastructure that will link China with three continents over land and sea, with railroads, pipelines and roadways reviving trade both overland and along shipping routes in an echo of the original Silk Road.

GCR - News - China to invest $46bn in Pakistan’s infrastructure

China is planning to put $46bn into energy and infrastructure projects in Pakistan over the next six years. Financing will come from the Chinese government and state-owned banks, and will allow the Chinese to form commercial companies.

Almost $34bn of the investment will go towards energy projects and will help ameliorate power shortages in Pakistan. The remaining $12bn will be spent on transport infrastructure.

Some $15.5bn of coal, wind, solar and hydro projects will be authorised by 2017, which will add 10.4GW to the national grid. A further 6GW is due to be added by 2021; the total cost is estimated to be about $18bn.

China eyes investments in Slovenia infrastructure | Capital Business

Slovenian state radio said Thursday that Wang’s delegation, which included some 150 businessmen, was the largest to visit Slovenia ever and targeted possible investments in the country’s main Adriatic port in Koper, transport infrastructure and other state owned companies.

“Due to its position, Slovenia can be a very good entry point for the Chinese economy into the European Union,” Zidan told journalists after his first meeting with Wang.

Zuma looks to China to meet growth pledge - Business News | IOL Business | IOL.co.za

China had agreed to come to the party by sharing its technology for South Africa’s multitrillion-rand infrastructure programme, he said.

South Africa has earmarked R4 trillion for infrastructure over the next 15 years. The government has spent more than R1 trillion on infrastructure in the past five years.

***

More to come. At home and abroad.

Any news on the Indian investments
Xi promised some 20 billion dollars in investment
 
China is as smart as Soviet Union... It indeed had it years of "glory" for a few odd decades.

Unfortunately for you, much of your remaining life will be spent in a chine se equivalent of "post-soviet Russia", if not worse.

Only thing is that the people's republic doesn't seem to reaching soviet heights, before its demise.


why dont you share with us how you arrived to this conclusion
1. PRC is yet to reach soviet heights.
2. Chinese people will spent in a post soviet Russia, if not worse. (what ever that means. Last time I checked they have alot better livings standards than indians. " Does that mean they will still have a better life than you despite all this failings?

Any news on the Indian investments
Xi promised some 20 billion dollars in investment

India to push China to deliver on investment promise | Business Line


NEW DELHI, OCTOBER 14:




India is getting its act together to persuade China to start delivering on its promise of investing $20 billion into the country made during Chinese Premier Xi Jinping’s visit last month.

The Commerce Ministry has called a meeting of various ministries and departments, including IT, industry, chemicals & pharmaceuticals, power, new and renewable energy, and roads and railways to draw plans on how investments can be facilitated into these sectors from China.

The Indian Embassy in China has also been asked to organise meetings with senior officials including the Chinese Trade Minister to discuss their road-map for investing in India, a Government official toldBusinessLine.

“Big announcements made during important visits often slide off the priority list once dignitaries go back home. But with China we do not want that to happen. We will therefore push from all sides to ensure that what was promised is delivered,” the official said.

The Commerce Ministry is preparing working papers in various areas identified by China in its five-year plan for bilateral cooperation with India such as railways, roads, pharmaceuticals, IT, nuclear and solar energy.

To persuade private companies in China to invest in India, the Department of Industrial Policy & Promotion (DIPP) will coordinate with various industry associations there to identify the obstacles they face while investing in India and sort out their problems.

“A number of Chinese companies, especially in the telecom and construction sectors like Huawei and Longnjan Road, are not happy with their experience in India. We have to remove their apprehensions,” the official said.

During Xi’s visit China agreed to invest in two industrial parks, one each in Maharashtra and Gujarat. In Railways, it agreed to invest in increasing sturdiness of the rail network to allow fast trains. It also promised to invest $20 billion in India and work towards bridging the trade gap.

With India’s trade deficit with China widening to $36 billion in 2013-14 – which is more than a fourth of the country’s total trade deficit – New Delhi had pressed hard for measures to narrow the gap.
 

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