UK slips behind India to become the world's sixth biggest economy

[beijingwalker]

No you didn’t, you added $1.4 tn. Using 2020 figures of WB and 2021 figures of CCP to tell you’ve added $3.2 tn in 1 year won’t work here.

Since when ~10 trillion yuan became $3 trillion ?
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China’s GDP in 2021 reached RMB 114.4 trillion (US$17.7 trillion), showing an increase of about RMB 13 trillion (US$3 trillion) compared to 2020, or 8.1 percent growth year-on-year

Decoding China's 2021 GDP Growth Rate: A Look at Regional Numbers

As China’s GDP reached RMB 114.4 trillion (US$17.7 trillion) in 2021, we look at the economic performance of respective provinces and cities.

www.china-briefing.com

 

[Redbeanpaste]

I'm not saying that it is easy to develope like China. I'm only saying that more and more countries will have economies bigger that England. One of the reason is that IMO England will have smaller and smaller economy. Colonialist countries like England, Germany or France get their wealth by stealing from others (slave trade, drug trade-Opium Wars, Bismarck, Hitler). As colonialist countries get weaker they have less ability to steal thus geting even weaker.

IMO middle income trap is to large extend related to colonialist countries trying to sabotage developement of good countries. As colonialist countries (eg. England, Germany, France) get weaker they will have less ability to sabotage development of other countries.

There is a very good book: "Kicking away the ladder" by Ha-Joon Chang explaining how the West is sabotaging developement of other countries.

Also, when China switched to the capitalist model they laid off around 90 million workers without warning or compensation. Very few governments, I don't think any other government . can inflict that kind of pain on their population and stay in power. The CCP did it and now they reaping the benefits. They really bled to get to where they are today.

 

[Black Tornado]

China’s GDP in 2021 reached RMB 114.4 trillion (US$17.7 trillion), showing an increase of about RMB 13 trillion (US$3 trillion) compared to 2020, or 8.1 percent growth year-on-year

Decoding China's 2021 GDP Growth Rate: A Look at Regional Numbers

As China’s GDP reached RMB 114.4 trillion (US$17.7 trillion) in 2021, we look at the economic performance of respective provinces and cities.

www.china-briefing.com

Stop trying

 

[beijingwalker]

Stop trying
View attachment 875818
View attachment 875819

Exchange rate fluctuates all the time, 2021 GDP was based on 2021 exchange rate, your currency against other currencies doesn't change this year? if changed, do you have to go back to revise your last years GDP? then what your last year's GDP number would be?

Rupee falls 10 paise to close at 79.94 against dollar

At the interbank foreign exchange market, the local currency opened at 80.10 and fell to its all-time low of 80.15 against the US dollar in intra-day trade. The local unit finally settled at 79.94 a dollar, down 10 paise over its previous close of 79.84.

indianexpress.com

 

[Black Tornado]

Exchange rate fluctuates all the time, 2021 GDP was based on 2021 exchange rate, your currency against other currencies doesn't change this year? if changed, do you have to go back to revise your last years GDP? then what your last year's GDP number would be?

The best your currency has ever been is around $1 = RMB 6, for RMB 13 Trillion to be equal to $3 trillion you’ll need an exchange rate of $1 = RMB 4.33 .

Just look at the image again, I’ve placed the pointer on your currency’s all time best for your spoon feeding.

 

[beijingwalker]

The best your currency has ever been is around $1 = RMB 6, for RMB 13 Trillion to be equal to $3 trillion you’ll need an exchange rate of $1 = RMB 4.33 .

Google and find out, those are official figures written by professionals, what's the point of you arguing here. anyway , we are not in the same league, China's economy just overtook EU's two years ago, we won't get butthurt even yours indeed overtakes UK's.

 

[Black Tornado]

Google and find out, those are official figures written by professionals, what's the point of you arguing here. anyway , we are not in the same league, China's economy just overtook EU's two years ago, we won't get butthurt even yours indeed overtakes UK's.

Nominal GDP doesn’t matter anyway, our GDP in PPP terms is already roughly $12 trillion.

And yeah you were caught lying on exchange rate part.

 

[beijingwalker]

Nominal GDP doesn’t matter anyway, our GDP in PPP terms is already roughly $12 trillion.

And yeah you were caught lying on exchange rate part.

I quoted official figures, you can call all of them lying, lol.. PPP?Then China would have been world number one for many years already, but we never believe so.

What India's postion in global trade, manufacturing, industrial output?

 

[Black Tornado]

I quoted official figures, you can call all of them lying, lol.. PPP?Then China would have been world number one for many years already, but we never believe so.

What India's postion in global trade, manufacturing, industrial output?

Beejing Wokker in front of Americans: Nominal economy doesn’t matter
Beejing Wokker in front of Indians: PPP economy doesn’t matter.


And our industrial output is 5th largest in the world.
International trade roughly $1.8 trillion this year.

 

[beijingwalker]

 

[Lava820]

Apple, Google and other companies are moving production from China to neighboring countries - Game News 24

Apple and Google present new smartphones without a lot of time. One of the major changes which many consumers expect to see not on this list is that it isn't

game-news24.com

 

[beijingwalker]

And our industrial output is 5th largest in the world.

Not very impressive when it comes to real numbers

 

[Black Tornado]

Not very impressive when it comes to real numbers

View attachment 875823

Don’t worry it will keep growing at a fast pace. Worry more about shutdowns in your own country. It’s the 5th largest it will become 3rd largest in less than a decade.

 

[Elijah Manson]

I quoted official figures, you can call all of them lying, lol.. PPP?Then China would have been world number one for many years already, but we never believe so.

What India's postion in global trade, manufacturing, industrial output?

First, I agree with your arguments, but I will only add to these interpretations, an economy can indeed grow in an "artificial" way if it is manipulated by the exchange rate, the derivation of the exchange rate can affect and does affect the economic growth of a nation, but the GDP deflator is used for that, which I reiterate is highly questionable. His argument makes sense in sustaining China's economic growth 2020-2022 based on increases in industrial production, private and family consumption and government, but it is also not possible to disregard the exchange rate and the effect that this imposes on economic growth rates annual GDP.

 

[beijingwalker]

Don’t worry it will keep growing at a fast pace. Worry more about shutdowns in your own country. It’s the 5th largest it will become 3rd largest in less than a decade.

lol.. Indians are all good predicters but not doers judging from the past track record