Why is China still a developing country?

[randomradio]

Man, your dreams are too ridiculous... China now has 5 times larger economy than you, how can you reach half China's economy within one decade? What kind of growth rate you should have? Even if China stop growing which is impossible given that our growth rate is higher than yours at this moment....

That's the power of compounding. Nothing special there. Once you get to a higher base, you will grow faster. What's more important is our growth is not debt-fuelled.

No, what you said is exactly what India did.
You should read about how China pulled millions out of poverty. There are some Indians who were even awed by the feat. Perhaps not the Indian members in this forum.

China pulled a lot of people out of poverty, only idiots cannot acknowledge that. But the problem for China is it ended there. China's GDP and the number of poor don't match.

China has too much inequality, and it's actually worse once you consider the shadow economy.

Rather than travelling abroad, he should spend more time and money travelling around his own country's rural areas.

I was born in rural areas.

My father's family were BPL in a village. Some of the poorest in the country. My father was the first to get an education.

We managed to escape poverty because we had unrestricted access to Bangalore and Chennai. Now my family is upper middle class. Some are already HNWIs. All in just two generations. And no govt dole out since we are apparently "privileged" Brahmins.

I personally even own farm land. Something that's very difficult to own in India. All due to my rural roots.

Nonsense. China economy reform started from rural areas. How is that for ignoring?

China's growth wasn't focused on rural areas. As I already said, CCP provided the bare minimum to get out of poverty, but the spending was focused on urban areas, the factories, SEZ etc.

China should have hit 0.8 HDI by now.

yeah, is that the reason why u indian r always "will/is going to/plan to"？

You are in the same boat, still a developing country.

There is nothing really inclusive about India other than very inclusive filth and malnutrition. If India were real inclusive developmental country, it would have a better infrastructure for the beginning.

Because there is nothing more inclusive than a good infrastructure (logistics, energy, transportation, education etc.) so that people are being able to do business with ease and actually be included in development.

What is inclusive in India is that it is indiscriminately polluting the whole land without any meaningful heavy industry.

India's infrastructure projects will be smaller than China's. But you can't use that as a benchmark for anything. India has focused a lot on rural infrastructure. Our space program in particular was designed from the ground up to help rural India first.

Our growth has been slower than China's, that's where the main difference comes. But priority in India is the rural areas. Growth in the urban sector was led by private investment.

Can't imagine we have such a delusional guy here... Despite your so-called "priority" your countryside is still in the dark age where people live in huts... And your smaller than prison cell living space both in cities and in the countryside makes our peasants living like kings:

We have a Housing for All project ongoing. Urban first, rural next.

https://www.ndtv.com/india-news/1-3...m-set-to-be-indias-next-growth-driver-1691179
Prime Minister Narendra Modi's drive to bring homes to the country's 1.3 billion people, rising incomes and the best affordability in two decades will unleash a $1.3 trillion wave of investment in housing over the next seven years, according to CLSA India Pvt.

Talk about debt, you really make me a gooooooood laugh....Your country india is bankrupt whose foreign reserve can not cover its foreign debt.... While our country has a good surplus...

Most of the debt is held by foreign companies. And they take debt because they get debt at extremely low rates. For example, Reliance gets loans at 2-2.5%, while a fixed deposit in India will get you 7%. Raising money through debt in India is much higher than the 2-2.5%.

GoI's external debt is less than $90B.

 

[Kai Liu]

That's the power of compounding. Nothing special there. Once you get to a higher base, you will grow faster. What's more important is our growth is not debt-fuelled.



China pulled a lot of people out of poverty, only idiots cannot acknowledge that. But the problem for China is it ended there. China's GDP and the number of poor don't match.

China has too much inequality, and it's actually worse once you consider the shadow economy.



I was born in rural areas.

My father's family were BPL in a village. Some of the poorest in the country. My father was the first to get an education.

We managed to escape poverty because we had unrestricted access to Bangalore and Chennai. Now my family is upper middle class. Some are already HNWIs. All in just two generations. And no govt dole out since we are apparently "privileged" Brahmins.

I personally even own farm land. Something that's very difficult to own in India. All due to my rural roots.



China's growth wasn't focused on rural areas. As I already said, CCP provided the bare minimum to get out of poverty, but the spending was focused on urban areas, the factories, SEZ etc.

China should have hit 0.8 HDI by now.



You are in the same boat, still a developing country.



India's infrastructure projects will be smaller than China's. But you can't use that as a benchmark for anything. India has focused a lot on rural infrastructure. Our space program in particular was designed from the ground up to help rural India first.

Our growth has been slower than China's, that's where the main difference comes. But priority in India is the rural areas. Growth in the urban sector was led by private investment.



We have a Housing for All project ongoing. Urban first, rural next.

https://www.ndtv.com/india-news/1-3...m-set-to-be-indias-next-growth-driver-1691179
Prime Minister Narendra Modi's drive to bring homes to the country's 1.3 billion people, rising incomes and the best affordability in two decades will unleash a $1.3 trillion wave of investment in housing over the next seven years, according to CLSA India Pvt.



Most of the debt is held by foreign companies. And they take debt because they get debt at extremely low rates. For example, Reliance gets loans at 2-2.5%, while a fixed deposit in India will get you 7%. Raising money through debt in India is much higher than the 2-2.5%.

GoI's external debt is less than $90B.

About big mouth joker Modi... Get rid of all your "will"s before I can take your comments seriously...
I have already pointed out your rural area are desperately poor which can not even compare to Sub-Sahara Africa... Isn't it a biiiiiiiiiiiiiiiig joke for a "rural focused" country...Lol...
And about debt... Sorry, your bankrupt country have no rights to talk about debt in front of a nation who has the largest foreign exchange reserve...

 

[Unknown-V]

He might be the guy that posted the Indian superpower video and brag about how India will be a Supa Powa by 2030 base on the video. It might be a shocker to newer members here but I remember clearly when an Indian posted that video to brag about India.

They could be a developed country in just one night, if they wish so.

 

[rott]

@randomradio, I think you're not very well informed. Instead of me wasting your time and my time you need to re-educate yourself. Go to any poorest part or rural part of China and witness it for yourself. Nothing I say here will convince you nor the amount of sites I post will move you. Just go to China. Simplest of solutions.

Thanks to Deng's azz licking policy, US-JP allowed her to enter world wide market since 1979. But now CN economy is falling due to Trumps bully and TPP.

CN soon will be in chaos due to over producing problem while its market keep shrinking. CN's azz licking policy to daddy JP-US and cheap price products strategy simply no longer working.

@Kai Liu

See, the bracket word was the right for when you see such posts.

 

[Kai Liu]

[USER=166159]@Kai Liu

See, the bracket word was the right for when you see such posts. [/USER]

Haha, exactly! Can't find a better word!

@randomradio, I think you're not very well informed. Instead of me wasting your time and my time you need to re-educate yourself. Go to any poorest part or rural part of China and witness it for yourself. Nothing I say here will convince you nor the amount of sites I post will move you. Just go to China. Simplest of solutions.

This guy is a typical deeply brainwashed indian fooled by their incompetent government and Joker Modi...
He even believe the Hukou thing and show his "success story" of moving from the countryside to the cities while he don't know anything about the fact that 80% of our top 500 richest people in China grow up in the countryside..

 

[TaiShang]

They could be a developed country in just one night, if they wish so.

This is called dreaming big without doing small. Typical India. Hence, they become superpower (2012) way before China even dreams of becoming one.

 

[randomradio]

@randomradio, I think you're not very well informed. Instead of me wasting your time and my time you need to re-educate yourself. Go to any poorest part or rural part of China and witness it for yourself. Nothing I say here will convince you nor the amount of sites I post will move you. Just go to China. Simplest of solutions.

Oh, is that why China is still a developing country?

You do realise I'm not comparing China and India here, right? I am comparing our spending habits instead.

 

[Viva_Viet]

@randomradio,
@Kai Liu

See, the bracket word was the right for when you see such posts.

So what is your job ?? and how long u still can keep that job ???

million steel CN workers r jobless, CN phone now only can sell in India and it making million Cn phone workers losing jobs too due to Trump bully now

 

[Place Of Space]

So what is your job ?? and how long u still can keep that job ???

million steel CN workers r jobless, CN phone now only can sell in India and it making million Cn phone workers losing jobs too due to Trump bully now

New jobs are created. Steel industry is basic and necessary for manufacturing but its proportion is declining.

 

[Viva_Viet]

New jobs are created. Steel industry is basic and necessary for manufacturing but its proportion is declining.

"New jobs" are simply not enough for hundred million Cnese workers, not mentioning that your product also can not sell to US-TPP and soon will be EU while CN market can not digest all of made in CN products

 

[Place Of Space]

"New jobs" are simply not enough for hundred million Cnese workers, not mentioning that your product also can not sell to US-TPP and soon will be EU while CN market can not digest all of made in CN products

The largest market of Chinese products is China. The world market is helpful, of course, so we have to change and create new popular products for the world.
Chinese govet focus on environment improvement in coming years, plant trees, clean river lakes, which can hire a good number of workers, this is just one example.

 

[Viva_Viet]

The largest market of Chinese products is China. The world market is helpful, of course, so we have to change and create new popular products for the world.
Chinese govet focus on environment improvement in coming years, plant trees, clean river lakes, which can hire a good number of workers, this is just one example.

Oki, we need time (maybe 5 years) to see that if CN market is enough for CN product during Trump's bully and TPP or not.

But next 5 year will be a very hard time for CN economy, the world is boycotting CN products, so I bet that CN will still be developing-country after 5 years (or may fall like Soviet, Syria economy due to uprising from hundred million jobless-angry workers in worst case)

 

[TaiShang]

Oki, we need time (maybe 5 years) to see that if CN market is enough for CN product during Trump's bully and TPP or not.

But next 5 year will be a very hard time for CN economy, the world is boycotting CN products, so I bet that CN will still be developing-country after 5 years (or may fall like Soviet, Syria economy due to uprising from hundred million jobless-angry workers in worst case)

Most economists predict 6.5-6.8% annual GDP growth for China in the coming ten years. If this is achieved, China will be a very different economy.

 

[Viva_Viet]

Most economists predict 6.5-6.8% annual GDP growth for China in the coming ten years. If this is achieved, China will be a very different economy.

6.5-6.8% annual GDP growth in case no Trump's bully and TPP still using CN products instead of buying products from VN.

 

[TaiShang]

6.5-6.8% annual GDP growth in case no Trump's bully and TPP still using CN products instead of buying products from VN.

I think Vietnam and China's exports are not mutually exclusive. What China and Vietnam produces and sells are quite different. I think low-end industries that have started to leave China for less regulated and cheaper labor producing countries does not directly threaten China's manufacturing or jobs.