India and China - A GDP Comparison

[Gandhi G in da house]

More like 50 years . Do you think by 2050 India will be having 400km/hr trains ? Or Cities similar to Shanghai , Shenzhen ? I don't think so .

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.

 

[Götterdämmerung]

well China only got rich when it adopted the U.S model so yeah we can and have.


China housing bubble is real

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

 

[Nanga Tarzan]

managed growth?? more like reckless credit loans. looks like China didn't learn from Bush's everyone one should own a house bubble.

it's a giant bubble that will wipe out trillions of dollars.

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.

 

[my2cents]

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.

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

 

[dani958]

dont forget china have big debt

 

[AndrewJin]

India does have a hope to repeat China's success. You need to at least change your culture to more liberal direction and carry out your work more sufficiently.



Can Americans actually teach Chinese any economics? I think not.

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

 

[dy1022]

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.

 

[AndrewJin]

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.

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.

 

[dy1022]

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.

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

What kind of level of these bragging and boasting ???

 

[grey boy 2]

There is nothing to compare, we're simply not in the same league period
The gap is widening each and everyday

 

[AndrewJin]

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

What kind of level of these bragging and boasting ???

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.

There is nothing to compare, we're simply not in the same league period
The gap is widening each and everyday

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....

 

[Nilgiri]

There is nothing to compare, we're simply not in the same league period
The gap is widening each and everyday

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.

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....

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

 

[Khan_21]

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.

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 .

 

[AndrewJin]

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.

Talk about physical consumption!

 

[dani958]

well chine are more rich and advance than india