India sought US help to deal with 'assertive China'

[luckyyy]

Yes America is our number one export destination, but they still only make up less than 16% of total trade. And trade makes up only 36% of the Chinese economy.

Assume Chinese GDP growth at 10.5%... tell me how much of that 10.5% goes into American exports.

Nothing you have said is contradicting anything that I have said, so I'm not sure what you're getting at.

chinese currency is artificialy managed , as much as 30%...
on a free float , the chinese GDP will drop as much as 30% in terms of USD..
now you calculate ....

 

[Chinese-Dragon]

chinese currency is artificialy managed , as much as 30%...
on a free float , the chinese GDP will drop as much as 30% in terms of USD..
now you calculate ....

What?

Now you're talking about floating currency?

What does that have to do with what we were talking about...

Also... why will GDP go downwards, if the currency is revalued upwards? You're mixed up again.

 

[Chinese-Dragon]

chinese currency is artificialy managed , as much as 30%...
on a free float , the chinese GDP will drop as much as 30% in terms of USD..
now you calculate ....

If the Yuan is revalued upwards, the nominal GDP value of the Chinese economy will go UPWARDS in terms of US dollars.

I have no idea what you're talking about...

 

[luckyyy]

What?

Now you're talking about floating currency?

What does that have to do with what we were talking about...

Also why will GDP go downwards if the currency is revalued upwards? You're mixed up again.

trade deficite my friend...trade deficits....

 

[Chinese-Dragon]

trade deficite my friend...trade deficits....

You are seriously confused.

You're mixing up the nominal GDP of the Chinese economy in terms of US dollars with trade surpluses and deficits.

 

[luckyyy]

You are seriously confused.

You're mixing up the nominal GDP of the Chinese economy with trade surpluses and deficits.

coz there is a direct colleation b/w trade deficits and GDP...
on a simple terms..
once you has a huge trade deficits in your faver , you can invest more in you domestic production , that's help to push up the GDP..

 

[Chinese-Dragon]

coz there is a direct colleation b/w trade deficits and GDP...
on a simple terms..
once you has a huge trade deficits in your faver , you can invest more in you domestic production , that's help to push up the GDP..

You have absolutely no idea what you're talking about. Also it's called a "trade surplus", not a "trade deficit in your faver". Just explain this quote to me:

on a free float , the chinese GDP will drop as much as 30% in terms of USD..

Show me the calculations you did, to show that a free-float of the Yuan will lead to a 30% drop in China's GDP.

It's just complete BS.

 

[CardSharp]

You have absolutely no idea what you're talking about. Also it's called a "trade surplus", not a "trade deficit in your faver". Just explain this quote to me:



Show me the calculations you did, to show that a free-float of the Yuan will lead to a 30% drop in China's GDP.

It's just complete BS.

It's Indian economics, I doubt you would understand it even if he explained it to you.

 

[Chinese-Dragon]

It's Indian economics, I doubt you would understand it even if he explained it to you.

First I thought he was talking about current nominal GDP based on a change in exchange rates:

on a free float , the chinese GDP will drop as much as 30% in terms of USD..

Then he suddenly starts talking about "trade deficite in your faver"... by which I assume he is trying to say trade surplus.

It just annoys me when people clearly have no idea what they are talking about, but they decide to boast about it anyway.

 

[luckyyy]

You have absolutely no idea what you're talking about. Also it's called a "trade surplus", not a "trade deficit in your faver". Just explain this quote to me:

trade surplus for ONE is the trade deficit for OTHER.

Show me the calculations you did, to show that a free-float of the Yuan will lead to a 30% drop in China's GDP.
.

coz the GDP figures are callculated in USD...

 

[Chinese-Dragon]

coz the GDP figures are callculated in USD...

That makes no sense.

If the Yuan is revalued upwards, then it will be worth more in terms of US dollars.

 

[Abhishek_]

It's Indian economics, I doubt you would understand it even if he explained it to you.

keep the discussions limited to the poster CS. then you guys cry when other members generalize Chinese

Lucky, you're not making a lot of sense btw.

my own .02: Yuan appreciation will be negative for India since our imports will get more expensive and our exports will get even cheaper.

 

[Chinese-Dragon]

keep the discussions limited to the poster CS. then you guys cry when other members generalize Chinese

Lucky, you're not making a lot of sense btw.

Fair point Abhishek.

Lucky seems really confused, I'm probably just going to leave it here.

Anyway, there is no way he will be able to explain his claim that "China's GDP will drop 30% if the Yuan is put on a free float". It's just utterly nonsensical.

 

[indushek]

trade surplus for ONE is the trade deficit for OTHER.


coz the GDP figures are callculated in USD...

Brother if we leave all that aside , understand this China's revaluation of its currency is detrimental to India, do u know that? We already have trade deficit with them if the revalue it will increase. So it is good for us if they do not do that.