If China’s pain is India’s gain, won’t China’s gain be India’s pain?

[terranMarine]

 

[AndrewJin]

View attachment 257065
View attachment 257066

India is really ahead of China on human development!
Well done!

 

[Dem!god]

View attachment 257065
View attachment 257066

Lol...its amazing you ppl keep bringing graphs to showoff...
If you really want to compare do it on equal economic basis....bring graphs of china,when it was 2.3 billion $ economy and then compare....

 

[AndrewJin]

Lol...its amazing you ppl keep bringing graphs to showoff...
If you really want to compare do it on equal economic basis....bring graphs of china,when it was 2.3 billion $ economy and then compare....

Read the graph, you are not even close to China in 1980s concerning inclusive growth.
Don't mention China's 2 trillion moment in 2000s, too far away.

 

[terranMarine]

Lol...its amazing you ppl keep bringing graphs to showoff...
If you really want to compare do it on equal economic basis....bring graphs of china,when it was 2.3 billion $ economy and then compare....

Then countries shouldn't be comparing with each other based on basis of timeline but on equal economy size. Once again Indian logic

 

[Srinivas]

Call other posters who also work for CCP, why only tag small number of chinese here, they will get there answer ??

Regarding your stats of your exports , they are not real.

The unfinished products comes into China and they are manufactured as complete products and then they will be exported.

The profit margin is very low here.

The trade with USA,Japan and South korea is more for the above reason.

What happens when these MNC's wants to relocate??

The trade figures will decline just like what happened to Europe in the last decade.

Be modest, compared to any other countries?
@Bussard Ramjet I feel sorry for you.

Mainland China's top 10 trade partners
View attachment 257030


India can supply goods for China, help them to convert into consumption driven economy?

Hello! U mean u can export to China raw materials?
And u mean a 2 trillion economy help a 10 trillion economy become consumption-driven?
Can u tell me how many goods Indian consumed in 2014?

2014


August of 2015



@Bussard Ramjet Seriously, you people just...Can they just spend a little time searching for some figures and then brag?

Guys u really need to see the interesting "dialogue" here, some 100 trillion confidence here.

India is the ripe market for China compared to any other countries, also India can supply goods for China, help them to convert into consumption driven economy.

@Yizhi @Shotgunner51 @TaiShang @rugering @Stranagor @cirr @Keel @Jlaw @Place Of Space @FairAndUnbiased @zeronet @Raphael @sweetgrape @Edison Chen @Chinese Bamboo @Chinese-Dragon @cnleio @+4vsgorillas-Apebane @onebyone @yusheng @Kyle Sun @dy1022 @Beast @YoucanYouup @terranMarine @ahojunk @kuge @Arryn @Economic superpower @Beidou2020 @cirr @JSCh @jkroo @Pangu @ChineseTiger1986 @powastick et al

 

[Tiger Genie]

my

India service sector is no where close to China. Its at Brazil level.
View attachment 257063

I'll be honest with you, China HDI has overtaken Malaysia.

my whole point is there is no sense in comparing because current problems and priority of countries vary. For example China did not prioritize freedom as the higher priority over $s; India did not prioritize $s over food...etc.

Because such comparisons almost always lead to nowhere but kindergarten level arguments such as his daddy is better than her daddy. Or meaningless handicapping such as coutry-X is bigger than country-Y.

 

[CHN Bamboo]

What can you expect of India..?
Their media shows everything.
sick psychology

 

[Jlaw]

Don't go into a fit dear bots.

The only benefit that India would have from China's collapse is that some of the FDI that was going to China would come to India, nothing more.

So yes China's pain is India's gain and vice versa, but it does not have as much significance as people give it.

If China grows only 3% a year, that means the world is in a deep deep recession. How will India grow at 14% at the same time?

Indian logic defies the laws of the universe.

atimes.com/2015/09/if-chinas-pain-is-indias-gain-wont-chinas-gain-be-indias-pain/

Prime Minister Narendra Modi will feel embarrassed by the stunning announcement Thursday by the computer maker Dell Inc that the company will invest $125 billion in China over the next five years.

The company’s CEO estimates that the investment would add up to about $175 billion in China’s foreign trade and sustain more than one million jobs.

For sure, Modi must ask his aides why they misguided him and made him say only the other day at a prestigious meet of economists and captains of Indian industry that ‘China’s pain is India’s gain’. Modi was making out a strong case why investors disenchanted with China ought to flock to India.

Dell could have opted for ‘Make in India’. But it instead opted for ‘In China, for China’.

The Indian establishment thinking appears to have been that foreign cash flowing out of China will get drawn to India. But in reality, according to a Reuters report, in the first week of September, foreign investors have moved out selling a new $756 million of Indian shares. The Wall Street Journal reported that foreign institutional investors pulled out $2.6 billion from Indian stocks in August, which has been “one of the largest single monthly outflows from the country since the global financial crisis”.

The Reuters report noted: “Apparently strong headline growth (8 percent, as projected by the government) is undermined by doubt about quality of economic data and a slow recovery, with job losses in construction and a summer drought hitting consumer demand”.

Prima facie, Modi’s case is plausible – namely, that the wind should be blowing in India’s favor. The economy grows at impressive rates. The last GDP figures show that it grew as fast as China in the last quarter. A Chinese downturn has limited impact on India, unlike on many other Asian economies. The dependence on exports is not critical, accounting for a mere 20 percent of the GDP. Also, the export basket is such – services sector accounting for almost 50 percent – that there is no heavy dependence on merchandize trade.

India actually stands to gain from cheaper commodity prices (thanks to China’s slowdown) and low oil prices, which reduce input costs and keep current account in check. India’s economy is also relatively insulated from the weak global demand since 57 percent of the GDP comes from household consumption.

Thus, compared to most emerging market economies, India should look a bright spot to the investor – especially with a business-friendly government. At the very least, as the Wall Street Journal put it, investors would see India as the “strongest of the weak” emerging market economies.

There is a hype that India’s moment has come, which is reflected in Finance Minister Arun Jaitley’s remark to the BBC, “India certainly has viable shoulders to provide support to the global economy”. The junior minister Jayant Sinha even made a belligerent ‘move-over-China’ remark that India is ready to “take the baton of global growth” from China. He added in good measure, “In coming days, India will leave China behind as far as growth and development matter”.

Yet, there is serious skepticism about the claims by Indian official statisticians who have created an impression that the GDP is rapidly growing, whereas, on the ground the indicators contradict it. The reality is that businesses have virtually stopped investing. In February the government simply changed the way it calculated the GDP and added more than 2 percentage points to its headline growth rate. By the old yardstick, India’s economy ought to be seen as still limping at 5 percent growth. The manipulation to inflate the growth statistics no doubt contributed to the present euphoria.

The FT wrote last week, “India’s overly inflated statistics are breeding a false sense of security. Shining India is back. At least that’s what many hyperbolic Indians would have you believe… Yet the idea that India is poised to become the global economy’s main event is flawed, to say the least. If it induces complacency, it is positively dangerous. Hopes that India can replace China as the engine of global growth are wide of the mark”.

India and China’s global share of global GDP stands respectively at 2.5% and 13.5%. FT wrote, “Saying India can match this (China being a driver of growth for world economy) is like saying a mouse can pull a tractor”.

If China grows even at 5 percent annually, it would still add an India-sized economy to its GDP roughly every three years. With comparable population, China’s GDP last year ($10.3 trillion) was five times larger than India’s ($2 trillion). The Indian per capita GDP is a fraction of the Chinese per capita GDP, which is evident in the much lower living standards and abysmal human development indicators in comparison with China’s.

However, the fundamental issue behind this hiatus between illusions and reality is political. In a nutshell, Indian pundits love to exaggerate China’s woes. They keep scanning the horizons for China’s spasms and are only willing to read too much into them and rush to judgment that China is caught up in an existential crisis. It is a desperate attempt to cling on to the naïve belief that India still has a fighting chance to ‘overtake’ China.

Take the recent market spams in China. The Indian reading completely overlooks that China’s economic structure is improving. The services sector in China today contributes to half of the GDP and consumption is accounting for 60% of growth. The growth in high-tech sector is noticeably higher than for the entire industrial sector. Clearly, new economic growth areas have appeared in consonance with the structural reforms.

In the first six-month period, almost three-quarters of the target for urban job creation has been met – 7.8 million new urban jobs. Evidently, there is disposable income – the number of Chinese tourists traveling abroad, topping 100 million last year, is showing a 10 percent increase currently. Making allowance for the estimated 70 million Chinese people still below poverty line, the middle-income population has become sizeable enough to rev up consumer demands.

The point is, as the well-known Singaporean diplomat-scholar Kishore Mahbubani wrote last week, the fluctuations in the Chinese financial markets are partly a reflection of the robust push for restructuring the economy that is under way and partly symptomatic of the vulnerability of all emerging markets. Interestingly, Mahbubani made out a good case for India to work with China.

He wrote: “Going forward, the emerging markets could rise together and fall together. And if they were to fall, they can no longer expect the big rescue packages of the past. The insecure populations of the EU and the US have no appetite to help the rest of the world, and certainly not the larger emerging markets, which are often seen as future threats. This is why it would be wise for the emerging economies to begin planning for worst-case scenarios. Given the fickleness of modern financial markets, exaggerated by computerized trading programs, we can expect to see more gyrations in equity, bond and currency markets”.

Mahbubani went on to explain that if the US Fed were to proceed with its long-awaited rate hike, there is likelihood of a ‘global economic turmoil’ and, therefore, as leading market economies, China and India “should announce that they are engaging in high-level economic dialogue to work toward greater coordination of macroeconomic policies… Such coordination will of course not be easy. The political and economic interests… are not yet aligned… But there could also be significant gains if they collaborate”.

He added: “India has a $1 trillion infrastructure deficit that needs to be bridged if its fast pace of growth is to continue. China can provide investment and assistance to resolve this deficit more efficiently and cheaply than any other country. Initiatives like this could be clear win-wins for both countries… All of this will require visionary long-term leadership”.

Significantly, Chinese Communist Party newspaper Global Times featured Mahbubani’s article. But Modi’s remark – China’s pain being India’s gain – betrays a zero-sum mentality. Simply put, the ‘big picture’ is lacking. Maybe, the computer maker Dell’s planned $125 billion investment in China – China’s gain becoming India’s pain – will have a sobering effect.

Great article. It really bought out and show the mentality of PDF Indians. The article is spot on when describing the Indians.

 

[CHN Bamboo]

Vedic logic.
Being 2 trillion speaking like 100 trillion as if they were already there, same level as their white masters.

Now they can dream of exporting more raw materials now, don't forget more call centers.

Modi's followers here really should work harder and firstly surpass Sub-Sahara Africa then talk about veto power in UNSC.

stop saying this kind of words.
India is not a foe which is easy to deal with.
And they are backstabber.
You wont ever know what they want to do.
So be careful!

 

[Speeder 2]

Read the graph, you are not even close to China in 1980s concerning inclusive growth.
Don't mention China's 2 trillion moment in 2000s, too far away.

$1 in 1980 =//= $1 in 2000 =//= $1 today

 

[Jlaw]

View attachment 257065
View attachment 257066

Indians don't read stats only headlines

 

[Jlaw]

stop saying this kind of words.
India is not a foe which is easy to deal with.
And they are backstabber.
You wont ever know what they want to do.
So be careful!

true. The Mouth from the South is a formidable adversary.

 

[TaiShang]

Vedic logic.
Being 2 trillion speaking like 100 trillion as if they were already there, same level as their white masters.

Now they can dream of exporting more raw materials now, don't forget more call centers.

Modi's followers here really should work harder and firstly surpass Sub-Sahara Africa then talk about veto power in UNSC.

India is far behind in China's radar in terms of economic importance, be it as a source of raw materials or as a market. All the statistics show where China's interests and future plans lay. And India is somewhere below the medium line, and rightfully so.

No matter how much Mody pumps some fresh air of confidence, rest of the world will believe what they see. Hence as it happens there is no Made in India miracle and people are not dying to capture its Vedic consumption market.

Vedic logic.
Being 2 trillion speaking like 100 trillion as if they were already there, same level as their white masters.

Now they can dream of exporting more raw materials now, don't forget more call centers.

Modi's followers here really should work harder and firstly surpass Sub-Sahara Africa then talk about veto power in UNSC.

India is far behind in China's radar in terms of economic importance, be it as a source of raw materials or as a market. All the statistics show where China's interests and future plans lay. And India is somewhere below the medium line, and rightfully so.

No matter how much Mody pumps some fresh air of confidence, rest of the world will believe what they see. Hence as it happens there is no Made in India miracle and people are not dying to capture its Vedic consumption market.

 

[AndrewJin]

Indians don't read stats only headlines

Once I wanted to find the stats of Mumbai's economy, like the proportion of each sector, the exact number of work force. It seemed that they don't have a proper statistics bureau.
@Bussard Ramjet Could u help me find a professional website on that?

Seems like you know a lot about master slave relation.

I just hope you were not born during Japanese rule. My sincere condolences to you, if you really were.


Me-ow

I was born after 1962.