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ToI: China admits it's feeling pressure from India in manufacturing sector?

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Wow! There is simply no comparison!

Indians can only feel good and polish their ego by comparing themselves to smaller nations in the neighborhood. :lol:

Sorry, this DJI4 drone is priced 7499 yuan in China or $1199 in US
No ppp money is accepted

"No ppp money accepted" :rofl: :rofl:

Only in the minds of Indian toilet media..the only Indian products i have come across in Saudi with satisfactory quality is sewage covers..

189813379_48bff01eac_b.jpg

:lol: :lol:
 
Wow! There is simply no comparison!

Indians can only feel good and polish their ego by comparing themselves to smaller nations in the neighborhood. :lol:



"No ppp money accepted" :rofl: :rofl:



:lol: :lol:
I genuinely hope, one day we will accept their PPP measurement and sell them batteries and other components so that that they can make cheaper Make-in-india smart phones......

btw...If u want to find the SAME quality hotels in China and India, you will find it more expensive in india.....SAME hygiene restaurants, cheaper in China....Well, if you mean dirty food on the street which u eat and get deadly dysentery, then go to india.
 
I genuinely hope, one day we will accept their PPP measurement and sell them batteries and other components so that that they can make cheaper Make-in-india smart phones......

btw...If u want to find the SAME quality hotels in China and India, you will find it more expensive in india.....SAME hygiene restaurants, cheaper in China....Well, if you mean dirty food on the street which u eat and get deadly dysentery, then go to india.

Yes I know.

I have been to Shanghai, what a city!

Great 4 star apartment hotels at very reasonable price.
 
http://www.globaltimes.cn/content/1007154.shtml

:coffee: Why not just read the full story or opinion directly from Global Times instead.

China should reduce production costs for manufacturers as competition with India grows
By Hu Weijia Source:Global Times Published: 2016/9/20 0:08:39


The competitive pressure on China's manufacturing sector from India is perhaps much bigger than China imagined. China's actual salary has grown 10.6 percent since 2008, while India has seen a salary growth of just 0.2 percent during the same period, the Times of India reported recently, citing a report from the Hay Group.

The report comes after the news that some Chinese smartphone vendors, Huawei Technologies Co included, would soon start manufacturing handsets in the South Asian country and as India's low labor cost advantage forces China to make more efforts to maintain its competitive edge in the global manufacturing landscape.

As China commits itself to developing its service and high-tech sectors, such as the nuclear power industry, the nation certainly will not give up developing its manufacturing sector, which plays a particularly important role in creating jobs. With a population of 1.4 billion and an expanding domestic demand for employment, China will be unable to rapidly turn into an economy highly dependent on its service sector. For the foreseeable future, the manufacturing sector will remain the backbone of China's economy.

However, China's low-end manufacturing industry is experiencing hard times as some multinationals move production from China to other Asian countries, India included. The increasing competition from India raises a tough question for China's manufacturing sector of how to keep its competitive edge at a time when the nation's labor cost advantage is shrinking rapidly.

India's low labor cost advantage has rung an alarm for China's manufacturing sector. Now it is time for China to map out concrete measures to reduce production costs for manufacturers. For instance, it seems the overheated real estate market has already had a spillover effect on the development of China's manufacturing sector, as plans to build new plants in Chinese coastal cities have proven to be costly. In this regard, the Chinese economy has to reduce its reliance on real estate and strive to create a favorable investment environment for manufacturers.

Additionally, as some foreign-backed companies show an increasing interest in India over China, the country should promote the development of its local manufacturers and encourage them to build plants in less-developed central and western regions where labor costs are relatively lower.

However, global manufacturing should not be considered a zero-sum game. Despite India being more attractive to manufacturers than ever, it will be difficult for the country to build a complete industrial chain overnight. India may still need to expand its imports of Chinese-made components and parts to support the development of its nascent and growing manufacturing sector. Hopefully this would lead to a new cross-nation industry chain and closer economic ties between China and India in the future.

The author is a reporter with the Global Times. bizopinion@globaltimes.com.cn
 
I genuinely hope, one day we will accept their PPP measurement and sell them batteries and other components so that that they can make cheaper Make-in-india smart phones......

btw...If u want to find the SAME quality hotels in China and India, you will find it more expensive in india.....SAME hygiene restaurants, cheaper in China....Well, if you mean dirty food on the street which u eat and get deadly dysentery, then go to india.
lol. wish china given u proper education too, not ur fault. it requires high level knowledge to understand it.
 
Yes I know.

I have been to Shanghai, what a city!

Great 4 star apartment hotels at very reasonable price.
U can see the fault....

Talk about a 2 yuan (20 rupee) public bus journey in Shanghai.
I guess u have noticed it, full A/C, spotless, can reach as far as Shanghai's outer suburb 50km away.
(and one yuan off if transfer from subway)
And the journey will be on standard control-accessed expressway, high-speed and smooth.
So, how do people calculate such transport-related GDP????
Because we have more expensive rice (it's like their entire life is about food), then the so-called GDP PPP of Shanghai is underrated?

How about huge regional difference on prices in China?
Many cities in China offer no more than one yuan bus, SAME A/C and spotless.....
For example, Urumqi BRT, no matter how MANY times you transfer between lines, one yuan (10 rupee) at most.
And they provide A/C AT the station!
0424039izwfjf1jlch6l56-1.jpg
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Talk about a 2 yuan (20 rupee) public bus journey in Shanghai.
I guess u have noticed it, full A/C, spotless, can reach as far as Shanghai's far suburb 50km away.
(and one yuan off if transfer from subway)
And the journey will be on standard control-accessed expressway, high-speed and smooth.
So, how do people calculate such transport-related GDP????
Because we have more expensive rice (it's like their entire life is about food), then the so-called GDP PPP of Shanghai is underrated?

How about huge regional difference on prices in China?
Many cities in China offer no more than one yuan bus, SAME A/C and spotless.....
For example, Urumqi BRT, no matter how MANY times you transfer between lines, one yuan (10 rupee) at most.
And they provide A/C AT the station!

how much one MD burger cost in china or 1 Lt of coke cost in china?
 
U can see the fault....

Talk about a 2 yuan (20 rupee) public bus journey in Shanghai.
I guess u have noticed it, full A/C, spotless, can reach as far as Shanghai's far suburb 50km away.
(and one yuan off if transfer from subway)
And the journey will be on standard control-accessed expressway, high-speed and smooth.
So, how do people calculate such transport-related GDP????
Because we have more expensive rice (it's like their entire life is about food), then the so-called GDP PPP of Shanghai is underrated?

How about huge regional difference on prices in China?
Many cities in China offer no more than one yuan bus, SAME A/C and spotless.....
For example, Urumqi BRT, no matter how MANY times you transfer between lines, one yuan (10 rupee) at most.
And they provide A/C AT the station!
View attachment 336139 View attachment 336140

Travelled from the airport to Pudong with 432kmh (sky train). Affordable price and journey filled with what adrenaline!
 
PPP is everything in economy eg. it means both earn 1$ in different countries, in 1$ in India you buy 3 times food and in China you by one or 2 times of food.

Even though both earned 1$ but in India 1$ buy more things then China , that's why PPP is now used for comparision

the so-called PPP effect only occurs in the areas of simple services, e.g. breakfast, hair cut, or hire a servant. You think you paid less and feel happy about it. But that also means your breakfast man, your hair cutter, the servant are paid less. You are only exploiting your own people.

But for industrial products, PPP doesn't mean anything. Do you think Saudi will sell you much cheaper oil because of your PPP advantage? Or Brazil will sell you much cheaper iron ore to respect your PPP?

@AndrewJin already shows you some examples of industrial products prices, here is just one more.

Wuling Hongguan is a small van that developed by the Chinese car maker Wuling. Wuling Hongguan in China is priced at RMB 42,800, or India Rupee 428,000. Wuling sold the model technology to GM, and GM launched this model in the Indian market. In India, the van is bearing the Chevrolet logo, and called as Chevrolet Enjoy. The Chev. Enjoy cost 652,000 Rupee in India, 50% more expensive than its price in China! Is this the PPP effect you like?
 
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Only in the minds of Indian toilet media..the only Indian products i have come across in Saudi with satisfactory quality is sewage covers..

189813379_48bff01eac_b.jpg

Meanwhile Pakistanis are boasting about manufacturing textiles.

2014_India_Products_Export_Treemap.png
 
Travelled from the airport to Pudong with 432kmh (sky train). Affordable price and journey filled with what adrenaline!
U have noticed the price of 4 star hotels in Shanghai, very very affordable....
But let me tell you, in Lijiang, an ancient town in Yunnan, there are 2000+ hotels....
And their standard room costs $10-30 per night....

This one,a huge family room on the top of a boutique guesthouse, cost $40...
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I really don't know how they calculate local tourism-related PPP.....
A uniform national standard across the entire country?
 
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