China's 9,000 Vs US 60,000 USD Who is the developed country? ?

[Mista]

In terms of PPP, an average Chinese is only four times poorer than an average American. And considering cost of living is twice as cheap in China, the actual difference is only 2 times.

India's PPP is still very low. It's only $7000. That makes it a middle income country.

No no no, India's cost of living is five times as cheap as the US. Therefore India's PPP is already at $35,000 which will put it a very high income country.

 

[Kiss_of_the_Dragon]

We respect all others as equals to us. No matter of their status.

Really, you respect Bhutan, Nepal and Maldives as equal to India? LMAO

 

[randomradio]

WTF. Do you know that PPP is already adjusted for the cost of living, so even with low cost of living China is still 4 times poorer than US. Then again to live in a modern lifestyle, a lot of the goods are actually more expensive in China than in US.

You are right there. That's why I also said "Except for some fringe areas".

The point is a significant population in China should be considered developed. That's roughly half the country's population with access to advanced healthcare and education and can afford the best the world has to offer. Okay, maybe not 50%, but at least 40%. Maybe even 30%. That's more than America's population.

No no no, India's cost of living is five times as cheap as the US. Therefore India's PPP is already at $35,000 which will put it a very high income country.

But most of India's population is extremely poor. Only 10% or so are at that "developed" level today.

 

[Adam WANG SHANGHAI MEGA]

You are right there. That's why I also said "Except for some fringe areas".

The point is a significant population in China should be considered developed. That's roughly half the country's population with access to advanced healthcare and education and can afford the best the world has to offer. Okay, maybe not 50%, but at least 40%. Maybe even 30%. That's more than America's population.



But most of India's population is extremely poor. Only 10% or so are at that "developed" level today.

No kidding?
If so,waht is the annual income of the owner of Tata and infosystem?
India should also be considered developped country coz you have rich guys as well!!!!
How many 50 millions? That is 10 singapour population or one UK population!!!

Both China and India have territorial disputes, but apart from these, China and India are actually brothers. The United States is the distant rich mean and selfish uncle of China and India,totally different situation.

 

[randomradio]

No kidding?
If so,waht is the annual income of the owner of Tata and infosystem?
India should also be considered developped country coz you have rich guys as well!!!!
How many 50 millions? That is 10 singapour population or one UK population!!!

Both China and India have territorial disputes, but apart from these, China and India are actually brothers. The United States is the distant rich mean and selfish uncle of China and India,totally different situation.

It's not at the level where India can influence global markets. At best only 10% of the population or less can be called developed compared to 30-40% of China's population.

Like I said, give it 10-15 years and you can call India also developed. But our nominal per capita income will only be $5000-6000 versus China's $9000-10000 today. Such a huge difference.

GDP isn't the sole measure of being developed, it's the HDI indicators. China's urban HDI is really high and the number of urban population living western standards of living is also very high. So you can't compare New York with a village in Xinjiang and then claim China isn't developed.

If some advanced economy in 2030 comes up and says that India is using unfair trade practices when India's HDI is approaching developed country status, then it's obvious that they are making the right noises.

By all means, protect your rural population. The US isn't targeting China's rural population at all. The US is targeting the Chinese urban middle class and rich who have very high HDI. The US has no right to target your poor, and they are not doing that either. They are targeting your high tech industries for Made in China 2025. I consider it fair.

But China is targeting the US's rural poor. So anybody can see who the real bad guy is.

 

[Huan]

The U.S. president said: In the World Trade Organization, China infringes on U.S. interests. China is not a developing country and should be recognized as a developed country!

Where is the IQ of Americans?

China's per capita GDP is 9,000 US dollars!
Americans‘ per capita GDP is 60,000 US dollars!
Who is the developed country? ?

You tell me!

Not a developed country yet, but........... Total banking sector assets of China (early 2017):

-by https://voxeu.org/article/chinese-banking-system

 

[AndrewJin]

No no no, India's cost of living is five times as cheap as the US. Therefore India's PPP is already at $35,000 which will put it a very high income country.

India can buy smart phones and french jets using PPP, it is a concession given by white masters.

 

[Adam WANG SHANGHAI MEGA]

It's not at the level where India can influence global markets. At best only 10% of the population or less can be called developed compared to 30-40% of China's population.

Like I said, give it 10-15 years and you can call India also developed. But our nominal per capita income will only be $5000-6000 versus China's $9000-10000 today. Such a huge difference.

GDP isn't the sole measure of being developed, it's the HDI indicators. China's urban HDI is really high and the number of urban population living western standards of living is also very high. So you can't compare New York with a village in Xinjiang and then claim China isn't developed.

If some advanced economy in 2030 comes up and says that India is using unfair trade practices when India's HDI is approaching developed country status, then it's obvious that they are making the right noises.

By all means, protect your rural population. The US isn't targeting China's rural population at all. The US is targeting the Chinese urban middle class and rich who have very high HDI. The US has no right to target your poor, and they are not doing that either. They are targeting your high tech industries for Made in China 2025. I consider it fair.

But China is targeting the US's rural poor. So anybody can see who the real bad guy is.

You have adopted a double standard. In fact, only 20% of people in China can be called rich people. 40% of Chinese people are called middle class in China. In fact, in the international community, the middle class in China is poor.

Each country has poor and rich people. To evaluate whether a country is a developed country, an overall assessment should be taken instead of looking at the number of rich people. Alibaba Jack MA is very wealthy, Tencent Ma Huateng is also rich, but most Chinese people's income is still very low. This is a fact, no matter how Americans define it.

But China is targeting the US's rural poor. So anybody can see who the real bad guy is.

You should ask firstly who start the war at the very beginning?
Hitler started the war, not Russia or British.
Killing people and executing them according to law are two different things.

Not a developed country yet, but........... Total banking sector assets of China (early 2017):

-by https://voxeu.org/article/chinese-banking-system

We Chinese are not responsible for the irresponsible attitude of the Americans (spend all their money).

Americans like to enjoy life and ke to spend all their money and like to try marijuana. That is your freedom.

 

[Cybernetics]

It's not at the level where India can influence global markets. At best only 10% of the population or less can be called developed compared to 30-40% of China's population.

Like I said, give it 10-15 years and you can call India also developed. But our nominal per capita income will only be $5000-6000 versus China's $9000-10000 today. Such a huge difference.

GDP isn't the sole measure of being developed, it's the HDI indicators. China's urban HDI is really high and the number of urban population living western standards of living is also very high. So you can't compare New York with a village in Xinjiang and then claim China isn't developed.

If some advanced economy in 2030 comes up and says that India is using unfair trade practices when India's HDI is approaching developed country status, then it's obvious that they are making the right noises.

By all means, protect your rural population. The US isn't targeting China's rural population at all. The US is targeting the Chinese urban middle class and rich who have very high HDI. The US has no right to target your poor, and they are not doing that either. They are targeting your high tech industries for Made in China 2025. I consider it fair.

But China is targeting the US's rural poor. So anybody can see who the real bad guy is.

Initially I thought the "superpawa" thing was just a joke, then I realised many Indians just have different standards and perception of "developed". You just confirmed my previous speculation that if India reached the development of today's China, Indians would proclaim they are a developed nation ("hyperpower" by this point?). You took it a step further, developed nation at $5000-6000 per capita gdp. I mean that is one way to speed up "development".It's nothing personal just an observation.

China is not a developed country, it is a developing country. The list of future projects from national scale to local is immense and will go on for decades to come. These are not vanity projects but tasks required to be completed for China to be considered a developed nation. It currently has 30 million people living in extreme poverty. Although its making good progress with projects like building 300,000 subsidized houses (80,000 for Xinjiang) in 2018 it is at the beginning stages of its structural development post market reform (which is still ongoing). Eliminating extreme poverty only provides a good foundation for the nation, that doesn't mean China is developed, far from it.
https://defence.pk/pdf/threads/xinjiang-province-builds-80-000-houses-for-rural-poor.552475/

Having a growing middle class population and some rich people doesn't mean developed, it is just some progress.

I disagree with it being fair for the US to target "Made in China 2025". That initiative is the pre-requisite for China to even consider developed nation status. If China hasn't reached that developmental point it can not even pre-qualify for developed nation status. Once China has accomplished the 2025 initiative it can work its way towards becoming a developed nation after that. A big nation like China has a whole set of different challenges on becoming developed compared to one with 100 million or less people.

 

[randomradio]

You have adopted a double standard. In fact, only 20% of people in China can be called rich people. 40% of Chinese people are called middle class in China. In fact, in the international community, the middle class in China is poor.

Each country has poor and rich people. To evaluate whether a country is a developed country, an overall assessment should be taken instead of looking at the number of rich people. Alibaba Jack MA is very wealthy, Tencent Ma Huateng is also rich, but most Chinese people's income is still very low. This is a fact, no matter how Americans define it.

China has already beaten the US in stuff like retail sales, car sales etc. No chance can that happen with only 20% of the population being "rich". At the very least, you need 700 million people to be half as rich as the Americans if you are to beat them in such metrics. Or you can say China has 350 million people that can buy high end goods, equal to the American population.

https://www.washingtonpost.com/news...for-the-world-economy/?utm_term=.b08d55be728d

The ecommerce customers alone are expected to double by 2020 to over 400 million.

In comparison, India's retail sales alone are expected to reach $1T in 2020.

China is no longer a poor country.

 

[Cybernetics]

China has already beaten the US in stuff like retail sales, car sales etc. No chance can that happen with only 20% of the population being "rich". At the very least, you need 700 million people to be half as rich as the Americans if you are to beat them in such metrics. Or you can say China has 350 million people that can buy high end goods, equal to the American population.

https://www.washingtonpost.com/news...for-the-world-economy/?utm_term=.b08d55be728d

The ecommerce customers alone are expected to double by 2020 to over 400 million.

In comparison, India's retail sales alone are expected to reach $1T in 2020.

China is no longer a poor country.

China is not a poor country but it is still very much a developing nation. High aggregate numbers doesn't mean a country is developed, the average (per capita) number does.

 

[randomradio]

Initially I thought the "superpawa" thing was just a joke, then I realised many Indians just have different standards and perception of "developed". You just confirmed my previous speculation that if India reached the development of today's China, Indians would proclaim they are a developed nation ("hyperpower" by this point?). You took it a step further, developed nation at $5000-6000 per capita gdp. I mean that is one way to speed up "development".It's nothing personal just an observation.

You don't have to be rich to be developed. You need Very High HDI to be developed. If you give poor people education and healthcare, then the country will become rich eventually.

It's the same with becoming a superpower. The strongest kid in the block is the superpower. Rich and military power are not exactly proportional. Look at Russia. It is a far more powerful country than China even though it is relatively much poorer in terms of GDP.

$5,000-6,000 will keep the country poor, but the people will have a life equivalent to an advanced economy due to good governance, more or less. Check Cuba.

You see, becoming rich is up to the individual. The best a govt can do is provide facilities for education, healthcare and security.

If you build something like the Three Gorges Dam in a poor country like Somalia, the Somalian per capita income will increase rapidly, but that doesn't mean there's been an improvement in quality of life of the average Somalian.

China is not a developed country, it is a developing country. The list of future projects from national scale to local is immense and will go on for decades to come. These are not vanity projects but tasks required to be completed for China to be considered a developed nation. It currently has 30 million people living in extreme poverty. Although its making good progress with projects like building 300,000 subsidized houses (80,000 for Xinjiang) in 2018 it is at the beginning stages of its structural development post market reform (which is still ongoing). Eliminating extreme poverty only provides a good foundation for the nation, that doesn't mean China is developed, far from it.
https://defence.pk/pdf/threads/xinjiang-province-builds-80-000-houses-for-rural-poor.552475/

Having a growing middle class population and some rich people doesn't mean developed, it is just some progress.

China is a rich country with a lot of poor people. All that means is development has not reached everywhere. But then, the hukou system made that a deliberate move by the Chinese govt. China did not develop rural areas, only urban pockets. But those urban pockets are massive and that makes China developed.

Look at your car and retail sales, compare that to the US. You have enough people in China to match American consumer spending. That's more than enough for the Americans to treat you as a developed country.

CCP deliberately keeps a large proportion of the Chinese population poor through hukou. People outside can easily spot that.

I disagree with it being fair for the US to target "Made in China 2025". That initiative is the pre-requisite for China to even consider developed nation status. If China hasn't reached that developmental point it can not even pre-qualify for developed nation status. Once China has accomplished the 2025 initiative it can work its way towards becoming a developed nation after that. A big nation like China has a whole set of different challenges on becoming developed compared to one with 100 million or less people.

If that's the case, then open up your market. Make the currency free floating. Remove capital controls. Open up your services market.

As long as China does stuff for its advantage, then everything that China does will be seen with suspicion and people will take measures accordingly.

 

[randomradio]

China is not a poor country but it is still very much a developing nation. High aggregate numbers doesn't mean a country is developed, the average (per capita) number does.

So if you build a large dam that costs $20B in Somalia, adding 100% growth every year to Somalia's GDP, then does that mean the people's lives have also improved by 100% every year?

 

[kris]

Really, you respect Bhutan, Nepal and Maldives as equal to India? LMAO

You can lYour AO, it's your A*s
We respect all

 

[Mista]

It’s hard to consider a club with 48 million members as exclusive, but this one is. That’s how many people make up the richest 1% of humanity, who together collectively control half of the world’s total wealth, according to Credit Suisse. The other 7.3 billion or so make do with the other half.

Anyone with net assets—stocks, bonds, property, land, gold bars—worth $744,400 or more is a member of the global 1%, according to the bank’s latest calculations. If the 1% were 100 people, they would be…

38 Americans, 10 Japanese, seven Brits, five Chinese, five French, five Germans, four Australians, four Canadians, four Italians, two Koreans, two Swiss, one Austrian, one Belgian, one Brazilian, one Dane, one Indian, one Dutch, one New Zealander, one Norwegian, one Singaporean, one Spaniard, one Swede, one Taiwanese, and six people with a mish-mash of different backgrounds.

https://qz.com/844037/if-the-worlds-wealthiest-1-had-a-members-club-it-would-look-like-this/

China and India are obviously still developing countries with a long way to go. But for India, maybe their rich can be adjusted for PPP so they will have more rich people than Switzerland in PPP terms.