China will have the highest GDP per capita among BRICS countries.

[jkroo]

China isn't exactly claiming to "catch up" with US in many aspects, say in economic structure, taxation, weight of defense in national economy (DoD alone takes 4.5~5% of GDP, excluding other defense related branches), demographics (immigrant country), weight of virtual economy (US controls the international reserve currency), social welfare net, etc.

Instead, Mainland China's ultimate goals include full-scale industrialization, balance between market-driven commodity economy & state-driven social welfare (& infrastructure, i.e. balance between free market & socialism), low defense spend, homogeneous & cohesive demographics, and a favorable international trade structure, etc.

Therefore socio-economic models of some advanced economies in East Asia (including independent economies of Greater China) are better references, making more pragmatic benchmarks.

It is good point and I second that.

 

[AndrewJin]

It is good point and I second that.

+1

See, this is exactly why India cannot grow as fast as China. land and property price is already way too high in Indian cities witch will greatly handicap its potential of industrialization and urbanization.

Some say India is 15 years behind China but China around 2000 was already the world factory and the real estate was very cheap（about a quarter of today‘s），witch later on lead to the rapid urbanization.

Time for India to wake up and kiss your Modi magic goodbye, along with your “double digit” blah blah bullshit.

In 2000 when China is around a 2 trillion economy, my apartment was about at a price of 1000yuan per m2. (Second tier city, GDP per capita way higher than any city in India)

 

[CHN Bamboo]

Why be so selective? BEST is replacing those old models with new ones - same is the case with China where old buses are being replaced with new ones but some are still in service -

_( :зゝ∠)_very very few.Recently it disappears,havent seen it for several years

 

[Bussard Ramjet]

Don't compare low income country to middle income country.

It seems that Chinese members here have really gotten pretty parochial, and arrogant.

The difference between India and China is less than that between China and US, so by that measure China and US should never be uttered in the same sentence.

Have you heard your own Chinese saying, "Wealth doesn't pass three generations."

 

[AndrewJin]

It seems that Chinese members here have really gotten pretty parochial, and arrogant.

The difference between India and China is less than that between China and US, so by that measure China and US should never be uttered in the same sentence.

Have you heard your own Chinese saying, "Wealth doesn't pass three generations."

 

[Jlaw]

Surpassing Sub-Saharan Africa? I don't think so, given SSA is one of the fastest growing region in the world (China invests heavily there), and that india ($1,630) is still ~10% behind SSA ($1,796) in 2014.

View attachment 255023
GDP per capita (current US$) | Data | Graph

Well they have similar literacy or IQ level so let's see how india vs Sub-Saharan Africa goes in the coming years.

My take is SSA will maintain a 10% lead or even wider, given they have bigger land, more natural resources, more investment (better infrastructure e.g. from China), and even better health! Did you see how Africans dominate the athletic sports?

I might also add that SSA have had years of civil conflict and were heavily exploited by western powers for centuries. India were treated well by British and after 1947 they were not exploited by western powers. Yet it is amazing to me their GDP per capita is lower than SSA countries.

 

[AndrewJin]

_( :зゝ∠)_very very few.Recently it disappears,havent seen it for several years

It must be hard for him to find proper photos.
I think Wuhan's bus is 95% with A/C?
Even those without A/C is much better than Indian.
And we are replacing regular bus with hybrid or electric bus.

 

[Jlaw]

It seems that Chinese members here have really gotten pretty parochial, and arrogant.

The difference between India and China is less than that between China and US, so by that measure China and US should never be uttered in the same sentence.

Have you heard your own Chinese saying, "Wealth doesn't pass three generations."

Can you post that saying in Chinese?

 

[CHN Bamboo]

XDDDD,Reach 400(China) recently
Do u know what time is the "Mao period"?

It seems that Chinese members here have really gotten pretty parochial, and arrogant.

The difference between India and China is less than that between China and US, so by that measure China and US should never be uttered in the same sentence.

Have you heard your own Chinese saying, "Wealth doesn't pass three generations."

Some members are..yes..
富不过三代

 

[Shotgunner51]

It seems that Chinese members here have really gotten pretty parochial, and arrogant.

The difference between India and China is less than that between China and US, so by that measure China and US should never be uttered in the same sentence.

China produces more steel and concrete than rest of the world combined to build the biggest ever infrastructure, cities and industrial bases which generate the world's #1 largest industrial GDP, #1 largest producer of numerous industrial goods, #1 in high tech exports (more than next 3 industrial powers combined), giving China an unparalleled trade clout (>124 countries has China as top partner), #1 trade surpluses and now is world's #2 creditor nation after Japan (Greater China combined #1). Even in agriculture, China is #1 in terms of GDP. On literacy, schooling, intelligence quotient, even sports, China tops most international arena. As a result of low consumption, China has a relatively low combined GDP, however that further drives China to having world's #1 gross domestic savings.

I guess the above answers your question.

Now my question: Does india even come close to China in any area?

 

[AndrewJin]

Now my question: Does india even come close to China in any area?

Life expectancy? They already at our 1980 level.

 

[Bussard Ramjet]

China produces more steel and concrete than rest of the world combined to build the biggest ever infrastructure, cities and industrial bases which generate the world's #1 largest industrial GDP, #1 largest producer of numerous industrial goods, #1 in high tech exports (more than next 3 industrial powers combined), giving China an unparalleled trade clout (>124 countries has China as top partner), #1 trade surpluses and now is world's #2 creditor nation after Japan (Greater China combined #1). Even in agriculture, China is #1 in terms of GDP. On literacy, schooling, intelligence quotient, even sports, China tops most international arena. As a result of low consumption, China has a relatively low combined GDP, however that further drives China to having world's #1 gross domestic savings.

I guess the above answers your question.

Now my question: Does india even come close to China in any area?

China has massive overcapacities in its Steel, Concrete, Cement and Glass Sectors, which is recognized by the state. Excessive Capacities is not a plus, but a negative because it indicates inefficient use of capital.

I agree with you, that depending on the parameter, India is anywhere between a generation behind China, and I don't deny that. But every nation has its cycles. An intelligent person shouldn't get worked up about it. Stay calm and humble.

Arrogance is the first indication of the starting of the doom generation. (By the way India also has a pretty similar idioms and phrases like the Chinese one. I guess it is due to the age old observation that children and grandchildren generation becomes overconfident, arrogant, elitist, overdemanding, and unflexible)

 

[FairAndUnbiased]

The difference between India and China is less than that between China and US, so by that measure China and US should never be uttered in the same sentence.

No it isn't. Since growth is exponential (by percent each year), you have to use a logarithmic measure to compare countries. Linear measures only work if growth is linear, which it isn't.

China is 65% as big as the US economy, but 500% bigger than the Indian economy. Does that solve your problem?

 

[Bussard Ramjet]

No it isn't. Since growth is exponential (by percent each year), you have to use a logarithmic measure to compare countries. Linear measures only work if growth is linear, which it isn't.

China is 65% as big as the US economy, but 500% bigger than the Indian economy. Does that solve your problem?

I completely agree.

@AndrewJin said this, "Don't compare low income country to middle income country."

So, he was talking about income status of citizens.

India= 1.7k dollars
China= 8k dollars
US= 55k dollars.

China/India ~ 5
US/China ~ 7

 

[大汉奸柳传志]

I completely agree.

@AndrewJin said this, "Don't compare low income country to middle income country."

So, he was talking about income status of citizens.

India= 1.7k dollars
China= 8k dollars
US= 55k dollars.

China/India ~ 5
US/China ~ 7

Except Andrew wasn‘t comparing China with the US. You suggested him to，and now you are doing it yourself.

Seriously，leave us alone and go compare India with the US since you two are the most comparable. Considering both of you started off as British colonies some 250 years ago and both are English speaking countries now.You two are practically siblings. So let's see how India fare against the US：

US/India ~ 32

Damn. What happened in the last 250 years？