karan21
SENIOR MEMBER
- Joined
- Mar 6, 2012
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Do you know how many related industries that can be driven by real estate ?Iron and steel, cement, metal, glass, chemicals, ceramics, plastics, machinery, electronics, textiles......almost every industry!Along with the development of the real estate industry, China has become the world's largest manufacturer of building materials and construction machinery productions.
what China has done in manufacturing?it is it your real thoughts?do you want to be the biggest fake goods manufacturer? do you forget that you often laugh at our manufacturing?
before you build enough roads ,you need to establish and improve the traffic rules .
I agree but all real estate being built in China is way more than demand. China's economy in 1999 was 1 trillion$. Even than China had more highrises and more length of metro trains than India has today with almost double the economy. In India real estate is demand driven. It is not built by surplus money from exports. We are actually in deficit.
Now I never laughed at Chinese manufacturing atleast not now. Chinese manufacturing has now almost peaked as more people move into cities China will turn domestic and move into high middle income countries. I don't personally agree with debt related written articles written about China. I don't even think that China is in much of debt. Even if China's debt is over 100% still China has nothing to worry about.
India will take its time to develop and China will just keep marching ahead. So just go on