Nilgiri
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@Nilgiri
Where does the Nagpur Boeing Tata facility fit in ?
Have a friend working their and they are mfg some actual plane parts rather than the linen seats chinese plant will outfit.
2ndly what does this mean for the small passanger jet being mfd by the chinese ?
Is this a thumbs down for it even though that plane is sourcing most of its critical parts from non chinese sources.
That (Nagpur) would be outsourcing of components for manufacturing by Boeing. They have been doing this for some time now (worldwide incl China as well I believe). As for which one (component fab vs MRO plus) has more MVA overall/per worker, depends on the details.
I doubt this boeing MRO plus facility would affect China's own aviation projects.
Capital expenditure on imports (both private and govt) and exports should be looked at in nominal currency. All other domestic expenditure should be looked at in PPP. Day to day consumer spending is a HUGE part of the economy. Taking haircut, catching a bus to work, buying a toilet cleaner and buying a burger together will be several hundred times what the drone industry represents.
In any case for a large part of Chinese exports (soft toys, Christmas decoration, Trump masks etc.) neither PPP not Nominal can be used as an accurate measure. A lot of this is sold by weight in shipping rather than as price per unit.
Yup this is what I meant earlier by extrapolating your export/import composition to the whole economy.
Huge parts of the economy do not follow the same price levels or composition as that which is exported/imported....so one has to be careful with application of direct exchange rate to the whole GDP (in whatever local currency).