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Chinese real estate sector is dominated by these corrupt companies - especially in private sector. Compare this with relatively well run us home builders. Its unheard of in us that real estate companies will aggressively send sales people to hawk houses as "investment". also it is rare - infact...

This financialized return on capital criteria may not be applicable to China at its current level of development. Return on capital is likely to be low on the high speed rail, numerous parks or greening efforts, public transportation investment etc. But these are needed to make future chinese...

what is "shadow bank industry" ?

First off : a) This is the first quarter of a deflation in China - so the hype is way ahead of reality b) all the assumptions about how bad inflation is based on societiles already very high per capita gdp and completely private economy. China is neither. So not sure whether deflation in china...

Single child pampering may also be a reason. china needs to bring 30 year fixed mortgage like usa had for 60 years now. THe 30 year fixed mortgage guarenteed by us govt is what allowed americans who are plumbers, who run hot dog stands decent housing and reduced stigma with such labor. When...

I think they are denominated in USD. which is not the same as having everything in USD. many countries keep the actual mix of currencies they have in reserves a secret - i dont know about china.

Excellent point. Also some adjustments must be made - electricity used by transport must be accounted for - as otherwise this will show countries with heavily electrified transport in a discounted way. I can think of a lot of others too. It all shows how complex measuring well being of a...

USD is powerful if you are trying to import stuff. But otherwise inflation matters. If one really wants to compare material growth - they must compare consumption of electricity, housing square feet, average kms traveled by a person, consumption of meat/fruit/clothes , car sales.

infosys is standard indian company. It rode the coattails of us innovation of outsourcing - taking advantage of colonialism which popularized english language. Once it started making money - it basically works as a dividend machines for owners - who grab whatever cash they can from the...

Where is it installed ? it cant be put in 8th floor where the customer lives . If it is common area how is the customer billed for it ?

It is time china move to service economy where chinese work for each other to make their lives better. instead of working for world by producing garguantuan amount of goods making just a few corporates in west rich. and polluting eatth.

PSLV has a rated lift off mass of 320 tons but a payload of just 1.4 tonnes to GTO - and this is the XL version developed in 2018. China's equivalent workshorse LM-3b has lift of mass of 450tonnes but a payload of whopping 5.5 tonnes to GTO. In the current lauch PSLV delivered only 800 kg that...

Lol "cant rely" - almost all tech you use comes from either us or china.

LOL do you realize you actually praised chinese build quality by posting that tweet ?

If at all they achieve even moderate success - they will be bought by some american or japanese company. And these guys will relocate to sfo.

Russians sold 7 engines. ISRO used only 5 of them. Reverse engineering does not mean using the same engine - it is copying the engine to another one. All i am saying - i am skeptical ISRO has a truly indigenous cryogenic engine. The low number of launches is biggest clue. There is nothing to...

India purchased them in early 90s. but its first successfull launch of cryogenic came nearly 20 years after in 2013. So your bloviating claim of "initially to use in launch vechicles" does not pass muster. It means two things - ISRO was sitting on russian engines to re-engineer. Or they were...

it is not so simple when you had to cough up $200 million usd of forex then for something india has no immediate uses. I am crediting ISRO with alteast some intelligence in this case and they used this transaction to import tech as well (Note : Russia was willing to transfer tech). But who...

No - india is self sufficient in grains because it has very low per capita consumption of grain. Reasons are odd : a) countries like china and us have huge grain consumption because bulk of it goes to animal feed. China for eg. imports broken rice as animal feed or to be made in to rice...

Yea they like to bankrupt and further impoverish the country when they allegedly could have developed it themselves. Maybe you are right.