Economic indicators: How India, China, Pak compare

Re: Economic indicators: How India, China, Pak compare by Nagakrishna Rao on Jul 11, 2011 03:54 AM Every country has problems developed/developing, small to some may be bigger to others... its how people and then the Govt manage it. Sadly, India loses out on both these sides. People are taking a lot longer to accept change and the Govt likes to keep people happy rather than doing good. I would not say Govt has not done well in India, however I feel its failed to tackle population growth which has impacted on the growth a lot. Hope things change....sooner    Forward   |   Report abuse

Re: bubble going to burst by Real India on Aug 31, 2012 05:22 PM Well said... India never allowed the industry to grow and kept the country import based.. The important reason behind this was Kickback money & black money..    Forward   |   Report abuse
Re: bubble going to burst by Guest on May 02, 2011 11:06 AM Well said. Agree.    Forward   |   Report abuse
Re: bubble going to burst by sameer on May 03, 2011 02:00 AM It seems like you think yourself the most erudite person on the planet but you are nothing more than an ignorant person with very pethatic interpretation skills. China is mostly dependent on America for its economic growth no matter how much it has diversified its market and once the Dollar gets devalued in America the dellution will give way to reality and Chinese economy will crash down irrespective of your blind belief. So come out of your dream world and do a favour to yourself.    Forward   |   Report abuse
Re: Re: bubble going to burst by joe_wong@rediffmail.com on May 03, 2011 03:43 PM . When are people in India going to wake up? Wishing othes ill does not solve your problems in India. Instead of rubbishing others, why can't you just do some simple research. Just doing a simple search on the internet reveals that China's exports of goods and services as a proportion of GDP in 2010 was 39.7%. Of these, only 17.95% was to the US. In other words, Chinese exports to the US only accounted for 7.13% (=39.7*17.95) of China's GDP in 2010. Now tell me. Is India more dependent on the US or China is more dependent?    Forward   |   Report abuse
Re: Re: Re: bubble going to burst by Real India on Aug 31, 2012 05:28 PM India never going to wake up !!!!    Forward   |   Report abuse
Re: Re: Re: bubble going to burst by sameer on May 05, 2011 10:11 AM It's not Indian rather Chinese people who need to wake up instead of living in the short term false glory. No one atleast no Indian is wishing ill to "any" country of the world. What I stated above are very obvious facts and any one can confirn it if they really want to accept the truth. You have done a simple research on internet and came to above conclution. My friend try to research little deeply and sincerely, get the right, overall and authentic facts. Chinese economy is still very much dependent on America please consult some authentic core economic sites for the right information As far as India is concerned it is not so much dependent on America. Infact good relations and better economic ties between India and America started only in the recent years but India was on the progressing path since many years back.    Forward   |   Report abuse
Re: Re: Re: Re: bubble going to burst by Real India on Aug 31, 2012 05:36 PM INDIA IS FULLY DEPENDENT EITHER ON US OR EUROPE.. EARLIER IT WAS USSR AND NOW WITH THE COLLAPSE OF USSR INDIA BECAME DEPENDENT ON OTHER COUNTRIES. INDIA NEVER DEVELOPED ANY ENGINEERING INDUSTRY, R&D, MANUFACTURING, DESIGN ENGINEERING.. EVEN WE IMPORT ALL ELECTRONICS, MOBILE, HARDWARE FROM CHINA, TAIWAN. WE IMPORT MOST OF OUR DEFENCE SUPPLIES FROM USA, EUROPE, ISRAILE. SO,, WE ARE FULLY IN THE HANDS OF OTHER DEVELOPED COUNTRIES...    Forward   |   Report abuse
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Re: Re: Re: Re: bubble going to burst by joe_wong@rediffmail.com on May 05, 2011 11:08 PM Your claim is laughable! If you have the stats, why don't you share it with everyone? Show us the figures and the source. My stats are all from authoritative sources. They are taken from (1) the American think tank : US-China business Council, and (2) the authoritative TradingEconomics website Now either show us yours, or just admit you are making things up.    Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 06, 2011 05:34 AM Laughter is a good medicine for health but it can'nt solidify the Chinese economy nor it can change the truth. So it's very good that you are laughing and I have no doubt that you will have good health in future but try to keep your eyes and mind open while you laugh so that you can see and understand the truth (just joaking mate no need to take it as a personal attack) On a serious note- We don't fake things friend. Whatever we say or claim, we have the proper proof for that. I have "sooooooooooo" many sources to prove my claim for example check CRS Report For Congress, Top Chinese Exports & Imports by Daniel Workman or US- China Business Council (check table 7 and 8 there). I can go on and on writing the sources, but if you really want to know the reality try to check and look the current economic situation with an open mind and you will know the truth. Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 06, 2011 06:07 AM Looks like someone had written some very sweet words for me which moderator has deleted. I hope I could have read that message before it was deleted. I promise that that person who wrote that message would have never ever written such derogative message again after I would have given him series of unimaginable replies. Alas! I missed that opportunity. Anyway I hope that person will read it and come back to comment. I really want this to happen Forward   |   Report abuse
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Re: Re: Re: Re: Re: bubble going to burst by joe_wong@rediffmail.com on May 07, 2011 06:40 PM . @Sameer, Now answer this one : Why are Indians so fond of making things up? The deleted post was posted by me! There was not one SINGLE derogatory remark! The reason it was (automatically) deleted was because I tried to give you the links to my sources, but apparently Rediff doesn't allow embedded links. If you really want to know, that deleted post looks EXACTLY the same with my above post except that it included the links to the sources. I've just tried posting the links again in a different way. But it still wouldn't go through. Now just tell us why you make things up. And you still expect people to take your words seriously? Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 08, 2011 05:08 AM Now I am sure Chinese people need some proper brain exercises to understand common sense things, things which are so obvious and stated with proofs. I gave you name of some of the sources to prove my claim but it seems that you are either not able to see them or not able to comprehend those informations and then blame others for making things up to cover up your own inability. As far as the matter of deleted message is concerned I didn't know that it was yours as I didn't got the chance to read it and as most of the time it is the derogatory messages which are deleted from the comment section it was obvious for anyone tothink about that message also in the same way. Another reason for typing that message was to know who had written that message and what was in that. I take your words that it was just the normal message with the links. And again I repeat: Stop blaming others for your inability to read and understand the message. Even after giving the sources of my claim ifyou think inthe same way then really you are undergoing some problem. Get it cured. And don't you think that writting each other's country's name is very shameful for us while we try to justify our points to each another. See I can go strongly in either cases, I don't have any problem whatsoever to write in any manner, but what I think is its not right in any sense to involve our nations name while proving each other wrong. But if you still want to run thisdiscussion in the same way then be Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 08, 2011 05:09 AM Now I am sure Chinese people need some proper brain exercises to understand common sense things, things which are so obvious and stated with proofs. I gave you name of some of the sources to prove my claim but it seems that you are either not able to see them or not able to comprehend those informations and then blame others for making things up to cover up your own inability. As far as the matter of deleted message is concerned I didn't know that it was yours as I didn't got the chance to read it and as most of the time it is the derogatory messages which are deleted from the comment section it was obvious for anyone tothink about that message also in the same way. Another reason for typing that message was to know who had written that message and what was in that. I take your words that it was just the normal message with the links. And again I repeat: Stop blaming others for your inability to read and understand the message. Even after giving the sources of my claim ifyou think inthe same way then really you are undergoing some problem. Get it cured. And don't you think that writting each other's country's name is very shameful for us while we try to justify our points to each another. See I can go strongly in either cases, I don't have any problem whatsoever to write in any manner, but what I think is its not right in any sense to involve our nations name while proving each other wrong. But if you still want to run thisdiscussion in the same way then be Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 08, 2011 05:09 AM Now I am sure Chinese people need some proper brain exercises to understand common sense things, things which are so obvious and stated with proofs. I gave you name of some of the sources to prove my claim but it seems that you are either not able to see them or not able to comprehend those informations and then blame others for making things up to cover up your own inability. As far as the matter of deleted message is concerned I didn't know that it was yours as I didn't got the chance to read it and as most of the time it is the derogatory messages which are deleted from the comment section it was obvious for anyone tothink about that message also in the same way. Another reason for typing that message was to know who had written that message and what was in that. I take your words that it was just the normal message with the links. And again I repeat: Stop blaming others for your inability to read and understand the message. Even after giving the sources of my claim ifyou think inthe same way then really you are undergoing some problem. Get it cured. And don't you think that writting each other's country's name is very shameful for us while we try to justify our points to each another. See I can go strongly in either cases, I don't have any problem whatsoever to write in any manner, but what I think is its not right in any sense to involve our nations name while proving each other wrong. But if you still want to run thisdiscussion in the same way then be Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 08, 2011 05:10 AM Now I am sure Chinese people need some proper brain exercises to understand common sense things, things which are so obvious and stated with proofs. I gave you name of some of the sources to prove my claim but it seems that you are either not able to see them or not able to comprehend those informations and then blame others for making things up to cover up your own inability. As far as the matter of deleted message is concerned I didn't know that it was yours as I didn't got the chance to read it and as most of the time it is the derogatory messages which are deleted from the comment section it was obvious for anyone tothink about that message also in the same way. Another reason for typing that message was to know who had written that message and what was in that. I take your words that it was just the normal message with the links. And again I repeat: Stop blaming others for your inability to read and understand the message. Even after giving the sources of my claim ifyou think inthe same way then really you are undergoing some problem. Get it cured. And don't you think that writting each other's country's name is very shameful for us while we try to justify our points to each another. See I can go strongly in either cases, I don't have any problem whatsoever to write in any manner, but what I think is its not right in any sense to involve our nations name while proving each other wrong. But if you still want to run thisdiscussion in the same way then be Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 08, 2011 05:24 AM Damn it! Because of some technical problems my same message got posted many times. Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 08, 2011 10:47 PM You are as dumb as any one can be, as blind as bat, and as foolish as one can imagine. You don't have the ability to understand even a word of anyone. You don't need simple therapy but a mental asylum to bring back your brain in order if you have it. No matter if one shows you the proof or tells you the reality very clearly and soundly you will just keep your eyes and ears closed as only the dumb person like you can do it. I stated in very simple English about the deleted post that its mostly the derogatory comments which usually get deleted from the forum so it was normal for any one to think in the same way as I did but a person of abnormal mind like you can't even understand an easy English. I don't know Chinise language to make you understand properly. Nonsense of writting country's name in the discussion was started by you and anyone can see it, I just continued after that. But to whome I am saying all this, to a tottaly dumb and foolish person who really and seriously need mental attention. You are a useless load on the planet as you can't understand even the simple facts, figures and informations. I gave you three sources to prove my claim but at that time I din't know that a foolish like you can't understand those simple informations also. It is very clearly evident from all those sources that to how large extent does Chinese economy is dependent on export to USA which anyone can easiliy understand except an insane person like you. Get treated instantly. Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by joe_wong@rediffmail.com on May 08, 2011 11:18 AM @Sameer, Why don't you just admit that you are making things up? Your earlier post is here for everyone to see. You did say the deleted post was derogatory, while (curiously) at the same time admitting that you haven't actually seen the content!! As for the "wri(tt)ing of each other's country's name", well, that's funny coming from someone like you. It was YOU who was accusing the Chinese. I am simply responding to your non-sense. I once had plenty of Indian friends. I never accused any Indians until I started reading Indian blogs a few years ago. I still rarely accuse Indians unless when I am responding to people like you. And that's the same for most Chinese people. If you look at Chinese forums, they almost NEVER accuse Indians of ANYTHING. In fact, they almost never talk about India at all. But getting back to this dumb debate, I did look at ALL the sources you named that contain any stats. The ones that have any stats ALL support the stats I provided earlier. If you are NOT making things up, why don't you give us a definite figure, and then tell us how you worked it out, and where you got it from? ( By the way, you mentioned "exercising the brain". Well, almost ALL internationally recognized IQ tests put (1) Hong Kong (me) at the top of ALL nations in terms of IQ ranking, and (2) mainland China's IQ score around 105, and (3) Indians' IQ score at around 80 near the bottom! So please don't ment Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by joe_wong@rediffmail.com on May 09, 2011 08:29 PM Ha ha ha. You are a funny person! Anyway, I did guess that you wouldn't give us any figures because you simply don't have any! You have just proved that. You've typed so much, and yet, there is not one single figure to support your view. Anyone could say they have given sources when all the sources either don't have any stats or give the stats that contradict your own claim. And as for the one who started this, you have got to be joking! You simply have to trace back the debate to see that my very first post was a RESPONSE to your post. And if you still can't find that first post (as you say : as blind as a bat), my first post was dated May 3 at 3:43PM. It was a RESPONSE to your post dated May 3, 2:00AM. So who started this? You or me? Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 11, 2011 05:02 AM Re: Re: Re: Re: Re: bubble going to burst by sameer (View MyPage) on May 10, 2011 07:16 PM Congrats, you have done it again...showing your inability to understand even a simple word of other's properly. This time I don't have to prove my claim against you rather you have proved it yourself only. I really imagine how can anyone be so dumb but really you are beyond any comparisons in the field of dumbness and you have confirmed it. I am sure you will not be able to understand any logical thing but still I will tell you in very simple words. It was “You” who started bringing whole country's people in this discussion. In my first post here I just mentioned about Chinese Economy as this is an article regarding India, China and Pak economy but You mentioned my whole country's people to oppose me. Well first tell me "can you differentiate between country's economy and country's people?" And even after my repeated reminders you are not able to comprehend my sources correctly and again and again asking me to provide facts and figures. This just shows your pathetic state of mind. And I am sure that you will again repeat the same thing like a Parrot "shows me the proof" even though I had given you so many proofs many days before. I have one solution for you-Ask an intelligent guy around you for a favor so that he can make you understand properly my all proofs and for an exception you can unde Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 11, 2011 05:18 AM Congrats, you have done it again...showing your inability to understand even a simple word of other's properly. This time I don't have to prove my claim against you rather you have proved it yourself only. I really imagine how can anyone be so dumb but really you are beyond any comparisons in the field of dumbness and you have confirmed it. I am sure you will not be able to understand any logical thing but still I will tell you in very simple words. It was “You” who started bringing whole country's people in this discussion. In my first post here I just mentioned about Chinese Economy as this is an article regarding India, China and Pak economy but You mentioned my whole country's people to oppose me. Well first tell me "can you differentiate between country's economy and country's people?" And even after my repeated reminders you are not able to comprehend my sources correctly and again and again asking me to provide facts and figures. This just shows your pathetic state of mind. And I am sure that you will again repeat the same thing like a Parrot "shows me the proof" even though I had given you so many proofs many days before. I have one solution for you-Ask an intelligent guy around you for a favor so that he can make you understand properly my all proofs and for an exception you can understand a simple thing. Else you will continue acting as a Parrot only. Your incompetent brain Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 12, 2011 09:53 PM You moron, you and your your country are such big morons who think that by creating the ballon economy you can reap its benefits for a long time. What a foolish and idiotic thinking from you and your country. You idiot, dumb, blockhead people are sick with foolish mentality and thinking. You are continuing working in an idiotic same fashion since years, one shock and all these illusions will be over for ever. I was right once again as it is the case all the time in this dicussion that you are dumb and mentally blind so even simple stats and informations are beyond your comprehending ability and as I thought beforehand only you are a parrot who can only speak few words not more than that. And you once again gave all of us the proof of your foolishness. Instead of hiring an intelligent person around you to help you overcome your foolishness for some time you are working in the same way like a dumb or is it that there is no intelligent and sound mi nded person in your country, Cha Cha Cha, what a country and people all are dumb like you. And you didn't tell me "can you differentiate between country's economy and country's people?" or is it that you have now accepted the truth "for a change" that it was you who brought the whole country's people in this discussion. Get treated in the mental hospital after that you will be able to understand my all given "proofs" else you moron will keep repeating Forward   |   Report abuse
Re: Re: Re: Re: bubble going to burst by sameer on May 08, 2011 10:42 PM You are as dumb as any one can be, as blind as bat, and as foolish as one can imagine. You don't have the ability to understand even a word of anyone. You don't need simple therapy but a mental asylum to bring back your brain in order if you have it. No matter if one shows you the proof or tells you the reality very clearly and soundly you will just keep your eyes and ears closed as only the dumb person like you can do it. I stated in very simple English about the deleted post that its mostly the derogatory comments which usually get deleted from the forum so it was normal for any one to think in the same way as I did but a person of abnormal mind like you can't even understand an easy English. I don't know Chinise language to make you understand properly. Nonsense of writting country's name in the discussion was started by you and anyone can see it, I just continued after that. But to whome I am saying all this, to a tottaly dumb and foolish person who really and seriously need mental attention. You are a useless load on the planet as you can't understand even the simple facts, figures and informations. I gave you three sources to prove my claim but at that time I din't know that a foolish like you can't understand those simple informations also. It is very clearly evident from all those sources that to how large extent does Chinese economy is dependent on export to USA which anyone can easiliy understand except an insane person like you. Get yourself treated i    Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by sameer on May 10, 2011 07:16 PM Congrats, you have done it again...showing your inability to understand even a simple word of other's properly. This time I don't have to prove my claim against you rather you have proved it yourself only. I really imagine how can anyone be so dumb but really you are beyond any comparisons in the field of dumbness and you have confirmed it. I am sure you will not be able to understand any logical thing but still I will tell you in very simple words. It was “You” who started bringing whole country's people in this discussion. In my first post here I just mentioned about Chinese Economy as this is an article regarding India, China and Pak economy but You mentioned my whole country's people to oppose me. Well first tell me "can you differentiate between country's economy and country's people?" And even after my repeated reminders you are not able to comprehend my sources correctly and again and again asking me to provide facts and figures. This just shows your pathetic state of mind. And I am sure that you will again repeat the same thing like a Parrot "shows me the proof" even though I had given you so many proofs many days before. I have one solution for you-Ask an intelligent guy around you for a favor so that he can make you understand properly my all proofs and for an exception you can understand a simple thing. Else you will continue acting as a Parrot only. Your incompetent brain Forward   |   Report abuse
Re: Re: Re: Re: Re: bubble going to burst by joe_wong@rediffmail.com on May 11, 2011 04:55 PM What an idiot! You don't even know what "prove" means. You gave me links that either has no stats or have stats that prove yourself wrong! When people say prove, they HAVE TO BE verifiable!! The prove I gave you ALL have stats that you can double check. ALL the numbers are verifiable. You can prove them wrong or prove them right. But they can be verified. Whereas your so-called "proves" have no numbers, no stats! They are just people like you giving their own opinions. These are NOT called "proofs". These are just opinions! Now I understand why the average IQ in your country is 80. Forward   |   Report abuse
Re: bubble going to burst by sameer on May 06, 2011 06:05 AM Looks like someone had written some very sweet words for me which moderator has deleted. I hope I could have read that message before it was deleted. I promise that that person who wrote that message would have never ever written such derogative message again after I would have given him series of unimaginable replies. Alas! I missed that opportunity. Anyway I hope that person will read it and come back to comment. I really want this to happen.    Forward   |   Report abuse

Re: Stop beating drum of great Indian democracy by Guest on May 02, 2011 11:09 AM Agree. That's the reality.    Forward   |   Report abuse
Re: Re: Stop beating drum of great Indian democracy by Mohammad Cadri on Aug 09, 2011 05:50 AM Yes, we've got to admit, China's rise has been remarkable. It is because of people like Sameer who simply have no technical knowledge that we got screwed in the war against China. In various meetings prior to the war, Chinese military leaders accurately determined the technical prowess of their Indian counterparts. Later, we were literally taken to the cleaners. Sameer has the unique capability and stamina to write endless bullshit but hard facts and statistics. Indians are very nice people and it's a few rotten apples like Sameer that have lent us a bad name!    Forward   |   Report abuse
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Re: comparison in reality by Loga on May 02, 2011 08:16 AM Medical expenses and Housing renting cost in India is 10 -15 times cheaper than in the USA. And Patrol and eating is cheaper in USA than India because of high value of $Dollar.So no comparison in reality.    Forward   |   Report abuse

Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by Rationalist on May 01, 2011 04:50 PM More than that Chinese data are as reliable as their products. A close analysis will reveal that most of their data are as hyped as much as 100% than the actual.    Forward   |   Report abuse
Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by Kabeer on May 01, 2011 04:52 PM It is not data from China. It is an authentic American data on which even the CIA works and plans its strategies. CIA doesnt take bullcraap to devise its long term strategies.    Forward   |   Report abuse
Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by Rationalist on May 01, 2011 05:08 PM I am not talking about your data which is verifiable and based on geography. I am talking about the false claims of Chinese about their Economic might. Though I don't deny that they are bigger than India in terms of production and exports.    Forward   |   Report abuse
Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIN by Kabeer on May 01, 2011 05:20 PM Forget about other figures regarding growth etc. Chinas forex reserves in form of US Govt securites is nearly double that Indias total GDP. It is an acknowledged fact that the US has $ 15 Trillion external debt and out of this 20% i.e. $3 Trillion is held by China in form of US Govt Securities. China controls 20% of US Govts debt. If China wants to beat the USD to pulp it can by selling USD and purchasing either Gold or Euros. That is why the US is begging China not to worry about the US Economy post 2008 economic meltdown. This investment of $ 3 Trillion in US Govt securites gives China the edge not to devalue its currency against any pressure. US is not in a position to force China to devalue its currency and CHina will continue as long as it wants to artificially keep its currency cheap and increase its Exports. US Accounts for 20% of total CHinese exports while the largest exportig natin for India is UAE at 16%. For India, US doesnt figure anywhere.    Forward   |   Report abuse
Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR B by IMTIAZ KHAN on May 01, 2011 11:46 PM Kabeer : you are confusing between budgetary deficit and external debt. For example - Indias external debt is $ 298 billion, which is not the budgetary deficit or debt carried by the GOI in its books of accounts. Secondly, Chinese forex reserves are $ 2.7 trillion of which $ 1 trillion is held in US Treasury bonds. You are correct in surmising the US is in no position to force China to revalue its currency. A low priced yuan is leading to huge dollar surpluses which in turn is funding US Govt. debt. But as the western world emerges out of their present economic predicament they will increasingly force China to revalue the yuan. We must also understand, a low price yuan is displacing many western companies from not just low priced manufactured goods but even from high tech products. For example in his recent visit President Obama was very happy getting a $ 2 billion order from Reliance ADAG group for electricity generators and turbines, but just a fortnight before the Chinese had bagged $ 8 billion worth of order from the ADAG group. We must also remember Japan built its economy post WWII following the same path which is being followed by the Chinese today. But then when the time came the Yen correct from 300 to 80 yens for a dollar today. When you talk of the Chinese selling US govt. bonds and shifting to Euro or Gold, you are forgetting the West can force its bonds to go into deep negative yield - which will vaporise Chinese reserves overnight.    Forward   |   Report abuse
Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR B by IMTIAZ KHAN on May 01, 2011 11:45 PM Kabeer : you are confusing between budgetary deficit and external debt. For example - Indias external debt is $ 298 billion, which is not the budgetary deficit or debt carried by the GOI in its books of accounts. Secondly, Chinese forex reserves are $ 2.7 trillion of which $ 1 trillion is held in US Treasury bonds. You are correct in surmising the US is in no position to force China to revalue its currency. A low priced yuan is leading to huge dollar surpluses which in turn is funding US Govt. debt. But as the western world emerges out of their present economic predicament they will increasingly force China to revalue the yuan. We must also understand, a low price yuan is displacing many western companies from not just low priced manufactured goods but even from high tech products. For example in his recent visit President Obama was very happy getting a $ 2 billion order from Reliance ADAG group for electricity generators and turbines, but just a fortnight before the Chinese had bagged $ 8 billion worth of order from the ADAG group. We must also remember Japan built its economy post WWII following the same path which is being followed by the Chinese today. But then when the time came the Yen correct from 300 to 80 yens for a dollar today. When you talk of the Chinese selling US govt. bonds and shifting to Euro or Gold, you are forgetting the West can force its bonds to go into deep negative yield - which will vaporise Chinese reserves overnight.    Forward   |   Report abuse
Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR B by IMTIAZ KHAN on May 01, 2011 11:47 PM Kabeer : you are confusing between budgetary deficit and external debt. For example - Indias external debt is $ 298 billion, which is not the budgetary deficit or debt carried by the GOI in its books of accounts. Secondly, Chinese forex reserves are $ 2.7 trillion of which $ 1 trillion is held in US Treasury bonds. You are correct in surmising the US is in no position to force China to revalue its currency. A low priced yuan is leading to huge dollar surpluses which in turn is funding US Govt. debt. But as the western world emerges out of their present economic predicament they will increasingly force China to revalue the yuan. We must also understand, a low price yuan is displacing many western companies from not just low priced manufactured goods but even from high tech products. For example in his recent visit President Obama was very happy getting a $ 2 billion order from Reliance ADAG group for electricity generators and turbines, but just a fortnight before the Chinese had bagged $ 8 billion worth of order from the ADAG group. We must also remember Japan built its economy post WWII following the same path which is being followed by the Chinese today. But then when the time came the Yen correct from 300 to 80 yens for a dollar today. When you talk of the Chinese selling US govt. bonds and shifting to Euro or Gold, you are forgetting the West can force its bonds to go into deep negative yield - which will vaporise Chinese reserves overnight.    Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR F by Kabeer on May 02, 2011 12:14 AM Dear Imtiaz, No! I am not getting confused Sovereign external debt with Budgetaray deficit. The stated US External debt is $13.98 Trillion out of which 4/5ths is in USD denomination. Yes, The Chinese investment in US Govt Treasury is less than $ 3 Trln. Many a writer in Economist have drawn parallels between the Japanese growth post WWII and the Chinese current growth; but the basic difference many forget is that the Japanese economy is totally dependent on exports where as the CHinese growth is equally balanced, perhaps more on domestic demand which is a very healthy sign unlike that of Japanese. Now China is building its high tech infrastructure like bullet trains etc with foreign collaboration with the understanding that the technology will be passed on to the Chinese in 3-5 years. China will use that technology in building these kinds of projects in other developing countries there by not only recovering the cost of its own investment in its own infrastructure but also make huge profits from future projects in other North African, Middle Eastern, and other developing nations. Regarding the West forcing their own bonds into deep negative yield- it is a matter of who has the deep pockets. The one that has the deep pockets can play the game and finally win. With investments in US Treasury of value more than the 10th largest economys GDP, Chinese can well withstand the pressure of playing the game. However, they wont as it will have Politico-military effects    Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS F by IMTIAZ KHAN on May 02, 2011 12:25 AM Kabeer : you can please check from any credible source - 70% of all Chinese manufactured goods are exported. The problem with the Chinese story is the lack of internal consumption. They are trying to stimulate it - what happens, only time will tell. You may please corroborate this information from any authoritative source.    Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LA by joe_wong@rediffmail.com on May 02, 2011 01:54 PM . Actually, not true. It is definitely a false myth that China has a lack of internal consumption. In fact, China is becoming the major market for many industries and for many nations. Just a quick search on the internet shows that China is : 1) The world's largest passenger car market 2) The world's 2nd largest luxury goods consumer market 3) The world's largest luxury car market 4) The world's largest fine arts auction market, and 5) The world's 2nd largest national air travel market Plus many many more. The fact that they are exporting their own goods doesn't mean they are not at the same time consuming someone else's goods.    Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDI by IMTIAZ KHAN on May 02, 2011 02:38 PM With 70% dependence on exports. Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LA by Kabeer on May 02, 2011 12:32 AM Dear Imtiaz, There is small nuance I must highlight. Many in the world believe that 70% of Chinese manufactured goods are exported as they carry Made in China label. However, most of the components are bought from countries like Thailand, Taiwan, Malasia etc and the the actual value addition is not very high. Here if you knock off the import component of the final product it is not 70% in value terms but far lesser. That puts the bigger share of economy domestic bound around 60:40 or 65:35 ratio    Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDI by IMTIAZ KHAN on May 02, 2011 02:39 PM Kabeer : are we not just trying to justify the position we have taken. It is better, the information is corroborated independently. Thanks and all the best. Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LA by Kabeer on May 02, 2011 05:25 PM Imtiaz, Chinese Total Exports for 2010 are expected to be $1.506 Trillion and for 2009 the same was $1.204 Trillion. For 2010 the GDP was $ 5.745 Trillion This translates to 26%    Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDI by Kabeer on May 03, 2011 02:57 PM Dear Imtiaz, What I am emphasising is that Chinese Exports of all kinds, be they agricultural products, services, in their entirety puttogether account for $ 1.5 Trillion. When the total GROSS exports itself do not exceed 26% of its GDP where from one imagine that the chinese economy is export dependent and that too at 70%? Chinese imports itself are to the tune of $1.2 Trillion which is mostly components and rawmaterials and this includes Oil. So the net value addition is not more than $0.25-0.5 Trillion Forward   |   Report abuse
Re: Re: Re: Re: Re: Re: Re: Re: Re: CHINA- INDIA COMPARISON! INDI by IMTIAZ KHAN on May 02, 2011 06:35 PM But total exports also includes export of services and agricultural products. Forward   |   Report abuse
Re: Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by paul theo on May 01, 2011 04:59 PM BUT THE CHINESE ARE PROUD TO BELONG TO THEIR AND PROUD TO BE CHINESE, BUT INDIAN POLITICIANS KEEP US BUSY KILLING AND RAPING EACH OTHER, AND DO NOT ALLOW US TO UNITE AS INDIANS.EXAMPLE---EXTRIMIST ELEMENTS IN THE RSS. AND BJP. THESE PARTIES ONLY TAKE INDIA BACKWARD.    Forward   |   Report abuse
Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by IMTIAZ KHAN on May 01, 2011 11:31 PM Rationalist : the post above is data available internationally. These are UN figures not necessarily Chinese govt. figures. Moreover in todays era of satellite imagery, most data the person above is quoting is internationally validated. One can understand there would be fudging when for example the Chinese govt. announces its defence budget - those figures are definitely fudged.    Forward   |   Report abuse
Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by human on May 01, 2011 11:15 PM Very interesting. Would like to know the source of this data. Please be as detail as possible regarding the source which can help many to further research and learn.    Forward   |   Report abuse
Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by Guest on May 02, 2011 03:16 AM India's normal GDP is 1/4 of China's normal GDP.    Forward   |   Report abuse
Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by sanjoy basu on May 01, 2011 07:43 PM Indian economy is not 1/4th size of China, it is half. Half of Indian economy is in black money so it is under estimated.    Forward   |   Report abuse
Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by IMTIAZ KHAN on May 01, 2011 11:48 PM Sanjoy : black money is a huge problem even in China.    Forward   |   Report abuse
Re: Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by Kabeer on May 01, 2011 11:40 PM Dear Sanjoy, Request you not to get confused GDP with Wealth of the nation. Black money represents the wealth of the nation. But its effects are already factored in GDP when you calculate it. In absolute values Indian GDP is 1/4th of the CHinese. CHinas GDP is $ 6 Trillion while Indias % 1.5 Trillion. The gap may be a little narrower when yo calculate in Purchase Power Parity terms, but higher GDP in absolute USD Terms gives the nation the leverage it has in world economy. Higher PPP does not accord the same power.    Forward   |   Report abuse
Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by om shanti on May 01, 2011 08:56 PM India 74% literate,China 93% literate 53 % Chinese are urban,25 % Indians are urban... A chinese man plan to produce baby,he quits smoking,drinking beer,becomes careful about food habit,brings discipline to life before deciding to make his w1fe pregn@ant,how many Indians are so health conscious? Yes,of course agricultural productivity should be high and involvement of labour force should be less,or else we will always hear about farmer suicides.. Our main draw backs are lesser cities,poor infrastucture,poor health care,primitive manufacturing sector,low literacy,lack of birth control,etc...    Forward   |   Report abuse
Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by IMTIAZ KHAN on May 01, 2011 04:52 PM Very informative post.    Forward   |   Report abuse
Re: CHINA- INDIA COMPARISON! INDIA LAGS FAR FAR BEHIND by Raj thakur on May 01, 2011 05:00 PM Data is correct... no doubt abt it... India has long way to go to ride dragon...    Forward   |   Report abuse

Re: There is tremendous media coverage on the gigantic by Shri Hegde on May 01, 2011 04:55 PM Agreed, but Chinese destruction/consumption of their nature and pollution levels are far higher, the price they paid for unchallenged/unquestioned exploitation of their natural resources by their heavy Industries.    Forward   |   Report abuse
Re: Re: There is tremendous media coverage on the gigantic by piri on May 01, 2011 05:01 PM Yes. But they corrected course long ago ! While India has not even understood that there is any need for course correction ! And that is why countries such as South Korea rush to India to rip off its mineral rich mountains (Posco) and why other companies keep seeking and finding ways to work around even the skimpy environment protection laws prevailing in the country !!    Forward   |   Report abuse

Re: does it really matter? by kewell333@rediffmail.com on May 01, 2011 08:03 PM With 400 million Internet users , when the media quoted corruption or malfeasance rights of the people in the news, hundreds of thousands net user will write their comment or statement in major news sites such as sinabaidusohuqqtianya. . And I see the comments toward government only a maximum of hundreds in Rediff. Can not criticize the government? China communist party is the name of the "communist party", but in fact, is now entirely state capitalism. And China has also been fully integrated into world capital markets, have been one of the most important players in world's capital market. The Chinese government is the ruling power, but this party is formed by a set of electoral system, only to avoid internal consumptiononly, and select the most appropriate. And there is no hereditary , not like Gandhi family's influence in Congress Party。 With China's economic development and Improving living standards, China will sooner or later become full democracy, this is the consensus of most Chinese including me. You don't need to worry for Chinese, and we were still to focus on economic development and improving living standards on the right.    Forward   |   Report abuse
Re: does it really matter? by kabir on May 01, 2011 04:36 PM can a chinese even write a blog or comment critisizing the government on the internet? :-), You wont even find is single bone next day!    Forward   |   Report abuse
Re: does it really matter? by piri on May 01, 2011 04:42 PM And despite such 'immense freedom', democratic India is consistently ranked between 85 and 95 while 'autocratic' China gets ranked between 65 and 75 year after year after year in the Global corruption perception index by M/s. Transparency International !! Perhaps India acutely needs a million Anna Hazares to drive a little bit of intolerance towards corruption in the minds of the stupid Indian commoner ?    Forward   |   Report abuse
Re: Re: does it really matter? by kabir on May 01, 2011 06:17 PM Well I am happy that u atleast accepted there is no freedom in china:-)    Forward   |   Report abuse
Re: Re: Re: does it really matter? by piri on May 01, 2011 09:29 PM You do not understand what marking a word in apostrophes means ?? You do not understand what sarcasm is ? So, how about the Global CPI rankings of India and China over the years ??    Forward   |   Report abuse
Re: does it really matter? by Guest on May 02, 2011 03:32 AM kabir: "... If he was in china he would have got killed by now." You don't seem to know China at all. Give me a break. Don't try to fill your empty stomach with so-called "freedom". Chinese people enjoy freedom much more than you think.    Forward   |   Report abuse
Re: does it really matter? by kewell333@rediffmail.com on May 01, 2011 07:41 PM So I say the indian media often deliberately exaggerated the negative information of China. As a man who have been to many countries in the world, I can tell you that China now has 400 million Internet users. those users all can discuss and criticized the government's mistakes in tens of millions of websites or forums.For example, I can do it here t. As long as the government violated the people's interests, it will be severely criticized by the media China's foreign tourists reach 56 million last year, 53 million travel and study abroad , and China also has been the world's largest foreign trading power several years ago, the degree of communication between China and the world can be much higher than those in India, why do you always thought Chinese people living in the closed world, we understand the outside world much more than you. Almost all the coastal cities of China can be counted into the developed countries. people in east coastal cities have very good living conditions, almost all families can afford and by car , the basic rate of 100% education, the Chinese are not ignorant people, In China, the only really can not do, is to overthrow the government, but criticized the government, many people do every day, I am here also can to criticize the government,    Forward   |   Report abuse
Re: does it really matter? by kewell333@rediffmail.com on May 01, 2011 08:49 PM So I say the indian media often deliberately exaggerated the negative information of China. As a man who have been to many countries in the world, I can tell you that China now has 400 million Internet users. those users all can discuss and criticize government's mistakes in tens of millions of websites or forums.For example。 As long as the government violated the people's interests, it will be severely criticized by the media and people.The Government will be under tremendous pressure and efforts to improve. China's foreign tourists reach 56 million last year, and 53 million travel or study abroad last year. China also has been the world's largest foreign trading power several years ago, the degree of communication between China and the world much higher than India, why do you always thought Chinese people living in a closed world, we understand outside world much better than you. Almost all the coastal cities of China can be counted developed . people in east coastal cities have good living conditions, almost all families can afford and buy a car.With 96% educated, Chinese are not ignorant people. In China, the only really can't do, is to overthrow the government. But criticized the government, many people do every day,is it serious? Some people really so ignorant.    Forward   |   Report abuse
Re: Re: does it really matter? by Bhupinder Singh on May 02, 2011 07:26 AM you enlighten us more than,,sonia,, toi, rediff,thanks, it is reality,,, chinese are hardworking,no any mayabati, congress bjp to play dirty politics and alow people to diee on raod,, chine play best economics politic with m n c and allow its citizen to learn,stand on their feet,allow big free market to big companies, in return they learn how to innovate, compete and work efficiently,,,chine is now everwhere from needle to satelite,america is just onlooker,because chine media canot publish crooked stories of hollywood romanace,cheaterand defame hardworking man,system whole their energy is on development,their economic rise is unexpectable without american direct support,,imf,world bank loan,, that is rediculous    Forward   |   Report abuse