Some Chinese were making fun of India's debt to gdp ratio.
China debt bubble worries investors
indian debt to gdp is over 71%. thats just the federal debt. not even counting the local debts.
chinese federal debt is only 18% and if u include local debt it is 25%. that is total federal and local debt of 43%.
LOL china's total debt is much smaller than the indian federal debt alone. if u count the total indian debt, its well over 100%.
china is the largest creditor nation.
india is a debtor nation.
china has largest current account surplus.
india has current account deficit.
china has trade surplus.
india has trade deficit.
india is an economic ponzi scheme that is going deeper into debt to consume, thats the defintion of a ponzi scheme.
china has the largest savings pool to consume chinese made products. china has a massive manufacturing base.
india has no manufacturing base, the entire indian gdp is based upon a massive debt based ponzi scheme.
china is the largest creditor nation.
china has the largest gross national savings ($3.2 Trillion as of 2010).
china is the largest exporter ($1.5 trillion as of 2010).
china has the largest foreign exchange reserves.
china has the largest Agricultural sector ($564 billion as of 2010).
china has the largest current account surplus.
china is the 2nd largest economy ($5.8 trillion as of 2010).
china is the 2nd largest manufacturer ($1.48 Trillion as of 2010).
china is the 2nd largest trading nation ($2.8 trillion as of 2010).
china has the 2nd largest Industrial sector ($2.75 trillion as of 2010).
china is the 2nd largest importer ($1.3 trillion as of 2010).
china is the 2nd largest luxury goods consumer market ($10.7 billion as of 2010).
china has the 3rd largest total household wealth ($20.2 trillion as of 2011).
china is the 3rd largest consumer market ($2.3 trillion as of 2010).
china has the 3rd largest Service sector ($2.56 trillion as of 2010).
india has......DEBT DEBT AND MORE DEBT!