India’s best is not good enough to beat China, figures show

[beijingwalker]

China Beats The Next 10 In Steel, Added Up!

"China accounts for nearly 50% of global steel output
China’s Steel production rose to 59.42 million metric tons in March this year, out of the total 129 million metric tons globally, nearly 50% of world output.

China's share of world market copper consumption is expected to well exceed 40%.

China is the world's largest consumer of primary aluminum, accounting for about 43% of global consumption.

China accounts for a disproportionate share of world iron ore and coking coal demand, accounting for 60% and 52% of world consumption, respectively, in 2010.

China's forex reserves account for 30% of world total

China’s Shipbuilding Activity Accounts for 48% of World Total

The World Gold Council said in its Q1-2011 report that China now accounts for 25% of gold investment demand and that it purchased 90.9 metric tons of the metal during the first three months of 2011.

China Overtakes US in Manufacturing
Wednesday, March 16th, 2011

The shift in economic and political power eastward rolls on. On Yahoo's Tech Ticker, Aaron Task and Henry Bloget discuss the shift (video below). Here's an excerpt:

Ending a 110-year run for America as the world's dominant producer, China has overtaken the United States as the world's largest manufacturer. According to economics research firm IHS Global Insight, China manufactured 19.9% of the world's goods in 2010, while the U.S. accounted for 19.4%."

 

[Götterdämmerung]

Hey but india has the money to buy Eurofighter or Rafale so of course india is the real superpower in Asia. And the West is willing to sell india advanced weapons so india's superpower future is doubly sealed.

India reminds me of the former USSR, just in a worse version. The former USSR had a weak industrial base for consumer goods but a strong military industry. That was a huge mistake as they spent too little to develop their civilian industry, which would have given their military industry a sound foundation. Instead, they have spent too much on military and too little for their citizens.

Now we have India, which has a weak civilian industry as well as a weak military industry. Even worse, they are spending huge amounts of money to import weapons while millions of their citizens are starving and lacking fundamental needs.

 

[IndoCarib]

Hey but india has the money to buy Eurofighter or Rafale so of course india is the real superpower in Asia. And the West is willing to sell india advanced weapons so india's superpower future is doubly sealed.

And then india will join the ranks of great powers like US, EU, Russia and (maybe) Japan.

Thank you for your heart felt wishes.

 

[beijingwalker]

can be denied easily,haha

Chinese to buy nearly half of world's luxury goods in 2020:
HONG KONG--Chinese customers are set to account for nearly half the world market in luxury goods and travel by 2020, a report by a Hong Kong-based investment group said Wednesday.

CLSA Asia Pacific Markets predicts China's share of global sales in luxury goods and travel would rise from 15 percent today to 44 percent in 2020, amounting to 74 billion euros spending a year.

In a 140-page report titled “Dipped in Gold: Luxury Lifestyles in China,” CLSA says that, with annual growth of 23 percent, China will soon be the world's biggest domestic market for luxury goods.

“Luxury goods companies are expanding rapidly to accommodate demand that will account for half of their forecasted global growth in the next 10 years,” a summary of the report said.

“Louis Vuitton's biggest customers are already Chinese buyers,” the summary said. Including the territories of Hong Kong and Macau, the area “represents 28 percent of sales for Swatch, 22 percent for Richemont, 18 percent for Gucci, 14 percent for Bulgari and 11 percent for Hermes.”

The rapid growth in luxury spending would be driven partly by the fact that Chinese millionaires are on average 15 years younger than their overseas counterparts, the release said.

“Secondly, success, wealth and fame/social standing are highly regarded in Chinese culture and displaying this through watches, jewelry, apparel, cars and wine garner respect,” it said.

The report said foreign luxury brands with large logos and signature collections were particularly desirable for Chinese buyers.

“Spending amongst female consumers in China is increasing and luxury handbags are gaining increasing popularity,” the summary said.“This will be positive for foreign brands such as Gucci, Hermes, Louis Vuitton and Prada.”

China: half of world's new-car sales by 2020
Jez Spinks
May 3, 2011

20-23,October.More than 5500 booths
The rapid growth of the Chinese car market could mean it would account for half of new car sale worldwide by 2020.

The rapid growth of the Chinese car market could mean it would account for half of new car sales worldwide by 2020.

World's biggest car market set to become gigantic - with new-car boom predicted to reach 40 million sales by 2020.

China could account for half of the world’s new-car market by the end of the decade, according to industry experts.

The world’s most populous country already boasts the biggest car market globally, but its gap to second-placed North America is expected to widen dramatically by 2020.

China achieved a global record new-car sales figure of 18.06 million units in 2010, and the country’s manufacturers and officials are predicting the country will reach 40 million by 2020.

---------- Post added at 08:58 PM ---------- Previous post was at 08:57 PM ----------

Pretty Boring...

haha,just denied them,do what you can do the best,come on..

 

[beijingwalker]

Do you India guys also want to deny that China is the ASEN,EU,Africa..'s biggest trading parnter and India's economy is only a fraction of China's,and your foreign reserve is not as much as Taiwan's??

 

[yacht07]

I think it is nonsense to even compare India to China. India needs at least 100 years to come any where near China.

 

[SinoChallenger]

I think it is nonsense to even compare India to China. India needs at least 100 years to come any where near China.

India is roughly where China was in the early 80's, but with much more corruption and less social cohesion (because india is more ethnically and religiously diverse).

 

[beijingwalker]

I think it is nonsense to even compare India to China. India needs at least 100 years to come any where near China.

the gap is huge but still it wont take that long,but people should know China wont stay put and wait here.

 

[JayAtl]

Do you India guys also want to deny that China is the ASEN,EU,Africa..'s biggest trading parnter and India's economy is only a fraction of China's,and your foreign reserve is not as much as Taiwan's??

why dont we see any negative news out of china, why internel experts are silenced and throw into jails? why all external news about anything negative about china is banned? because ---china= fudged up numbers... wikipedia is taken over by chinese propoganda machine.

China pays 280K people to boost its Web image
http://articles.cnn.com/2010-03-26/tech/china.astroturf_1_bloggers-china-government?_s=PM:TECH

 

[Secur]

wikipedia is taken over by chinese propoganda machine.

Yeah anything which doesn't fit your views is taken over by Chinese ... First it was the Chinese media , then the international one and now Wikipedia ... Denial mode or complete delusion ?

 

[beijingwalker]

why dont we see any negative news out of china, why internel experts are silenced and throw into jails? why all external news about anything negative about china is banned? because ---china= fudged up numbers... wikipedia is taken over by chinese propoganda machine.

haha,Indians now are so frustrated by their country's poor performance to point of desperation and together they adopted "denial" strategy,that is the first time I see since I joined the forum roughly a month ago.now they must be very very upset.haha

 

[JayAtl]

haha,Indians now are so frustrated by their country's poor performance to point of desperation and together they adopted "denial" strategy,that is the first time I see since I joined the forum roughly a month ago.now they must be very very upset.haha

hahahaha chinese are such sheep that follow supreme leaders propganda that they bring " India" into everything .... to try to deflect the topic at hand.

 

[beijingwalker]

Indians here claim China took over Forbes,Wikipedia,IMF,World Bank.... what is the next,China 's taking over the world???

---------- Post added at 10:34 PM ---------- Previous post was at 10:33 PM ----------

ok,Indians ,deny everything,that' s good,cover your eyes and bury your heads in the sand,that's really good,cause they will ensure you always stay where you are and you guys can never make any progress.

 

[JayAtl]

a high school student working part time at McDonalds in the US makes more per day than majority of chinese factory workers make per day....

another indicator that chinese claim high earnings but they are fudged or they run their countrymen and women welfare like sheep.

 

[beijingwalker]

a high school student working part time at McDonalds in the US makes more per day than majority of chinese factory workers make per day....

another indicator that chinese claim high earnings but they are fudged or they run their countrymen and women welfare like sheep.

haha,we never said China is a high earning country yet,but surely better than some country.at least we do have some social security system.