China Nov forex reserves fall more than expected to lowest in nearly 6 years

[Bussard Ramjet]

As if US dollar growing stronger is a good thing? China export once again gain another favour. Didn't trump say China is a currency manipulator?

Dollar gaining strength is a bad sign for trump and American. More export will drop, business in US will be more expensive. As if China are desperate to make rmb goes higher? It's all u see control by CPC.

US dollar gains strength shows the confidence people have in USD as a reserve currency and as a safe haven. So all this talk to somehow upend the US is bullshit.

Also, it is the reverse that is true for China. China is suffering from extremely high capital outflows, and is introducing very strict capital controls. Not sign of confidence in currency.

 

[SBUS-CXK]

85% of demonetised old notes already came in to the system. In which world are you living in. Now RBI started to send new 100 rupees notes for circulation. U like it or not we grew above 7.3% this fiscal. And we expect 6.8% for next term. And FdI reached 300 billion. Our forex reserve is mounting every day. What else you want for national development? And FYI we are just in second of growth. We yet to ride in 6th gear. Soon we will. . . Our democracy makes its a stable and steady progress. Slow yes. Because we have lots more problems in democracy. But step by step slow process also solving the problem and finding solutions for future generations too. That's bloody brilliant

Sir, the economy is not a digital game, economic development is reflected in every aspect of society.
For example, the per capita GDP in Nigeria is higher than India, and the economic growth rate is one of the world's fastest growing countries.
Does this represent Nigeria better than India?
No, economy is not a digital game.
It's not that you have an economic growth rate of more than 10%, with foreign investment reaching more than $10000, and foreign exchange reserves are increasing every hour... You have enough confidence to say that you are in a steady progress. It can only prove that you are shifting from agricultural country to industrial country.
Can you understand the industrial structure?
India's slow development is not because of democracy, it is because India is an agricultural country!
India's rapid development is not due to a stable growth, but because of the manufacturing industry in India started!!
Low end manufacturing started, there will be a rapid development.
So, your democracy can be a stable development point of view, almost the overthrow of Japan, Singapore, Taiwan, South Korea's economic success of the case... But you still don't have any success...
So I think... You think this world is too simple. It's easy for you to think of the economic success.

 

[Ram Mahadev]

Sir, the economy is not a digital game, economic development is reflected in every aspect of society.
For example, the per capita GDP in Nigeria is higher than India, and the economic growth rate is one of the world's fastest growing countries.
Does this represent Nigeria better than India?
No, economy is not a digital game.
It's not that you have an economic growth rate of more than 10%, with foreign investment reaching more than $10000, and foreign exchange reserves are increasing every hour... You have enough confidence to say that you are in a steady progress. It can only prove that you are shifting from agricultural country to industrial country.
Can you understand the industrial structure?
India's slow development is not because of democracy, it is because India is an agricultural country!
India's rapid development is not due to a stable growth, but because of the manufacturing industry in India started!!
Low end manufacturing started, there will be a rapid development.
So, your democracy can be a stable development point of view, almost the overthrow of Japan, Singapore, Taiwan, South Korea's economic success of the case... But you still don't have any success...
So I think... You think this world is too simple. It's easy for you to think of the economic success.

Completly wrong states... :

Nigeria :
GDP $492.986 billion (nominal; 2016) $1,105.343 Billion (PPP; 2016)
GDP rank 21st (nominal) / 20th (PPP)
GDP growth 2.1% (2016)
GDP per capita $2,758 (nominal) $6,184 (PPP)

India :

GDP : 2.2 trillion USD / More than 10 trillion in PPP
GDP rank : 7th
GDP growth : 7.8%
GDP per capita : 1800$(Nominal 2015)
141th and 124th with per capita income of about $1,808 and $6,266 in nominal and ppp method, respectively.

When you compare PPP or nominal GDP u need to take population under consideration too.

Nigeria : The current population of Nigeria is 189,009,699 as of Thursday, December 8, 2016,

India : The current population of India is 1,333,614,398 as of Thursday, December 8, 2016

In which over 110 million is under poverty in nigeria in 2015. Over 226 million people under poverty in India in 2012 . 62%(2015) vs 21% (2012)...


On your comment on Shifting from Agricultural to Industry : True our 55% of agriculture based population only produce 15% to the national GDP.

You need to understand. India's agricultural revenue on the raise while recent FdI in India touched 300 billion dollars and counting.

Now We are following PPP routes to enhance small scale industries in each and ever small towns and village buy connecting them with nation hiways and creating agri based business hubs in rural areas. While decreasing / providing options to the farmers community and their children's with better stable income we are looking to provide better options for farmers to sell their crops at competitive price.

See from 1980-2016 China succeeded in decrease your poverty by 80%. It took 10% GDP growth (+/-) for 3-4 decades. Yet you have large population living under poverty line as per Ur Govt reports. India is a booming economy. We just opened up for FDI hardly few years. Defence, Agricultural based modern industry, space industries, telecommunications, heavy metallurgy, pharmaceutical, aerospace to name a few are about to see massive jump in their growth.

If India keeps its space as it is today atleast if maintains its economy between 6.5%-8% for the next decade. Surely we will develop faster than China compared with same time frame. With diverse social development unlike china's industrial export economy. India can be both Export and Service economy

 

[TaiShang]

With diverse social development unlike china's industrial export economy.

Let's compare India and China's export (in services and goods) to GDP ratios:

India export to GDP:

China's export to GDP:

China is five times or more larger than India in GDP. Yet, its export to GDP ratio is about the same. Hence, your argument about dependency on exports is false.

Let's look at Germany's export to GDP ratio:

India can be both Export and Service economy

Let's see India and China's service industries in terms of value added as a percentage of GDP:

India:

China:

You are not doing particularly better.

All data from the World Bank.

@Shotgunner51

 

[Jugger]

No way in hell until I have converted all my US dollars to Canadian dollars!

If the usd falls so will the Canadian dollar.
I suggest to convert all fiat currencies to either gold or property.
Storing food grains is also good investment.

 

[rott]

Sir, the economy is not a digital game, economic development is reflected in every aspect of society.
For example, the per capita GDP in Nigeria is higher than India, and the economic growth rate is one of the world's fastest growing countries.
Does this represent Nigeria better than India?
No, economy is not a digital game.
It's not that you have an economic growth rate of more than 10%, with foreign investment reaching more than $10000, and foreign exchange reserves are increasing every hour... You have enough confidence to say that you are in a steady progress. It can only prove that you are shifting from agricultural country to industrial country.
Can you understand the industrial structure?
India's slow development is not because of democracy, it is because India is an agricultural country!
India's rapid development is not due to a stable growth, but because of the manufacturing industry in India started!!
Low end manufacturing started, there will be a rapid development.
So, your democracy can be a stable development point of view, almost the overthrow of Japan, Singapore, Taiwan, South Korea's economic success of the case... But you still don't have any success...
So I think... You think this world is too simple. It's easy for you to think of the economic success.

So glad you stopped calling people "baby". It just looks wrong. Lol...

 

[shadows888]

As if US dollar growing stronger is a good thing? China export once again gain another favour. Didn't trump say China is a currency manipulator?

Dollar gaining strength is a bad sign for trump and American. More export will drop, business in US will be more expensive. As if China are desperate to make rmb goes higher? It's all u see control by CPC.

If the US can stop Quantitative easing, then Chinese yuan would go up in strength.

 

[jamal18]

Should be. I sincerely hope China replaces most of her forex reserves with gold. A gold-based RMB is something I'd like to hold.

The dollar is going down the pan. The Chinese are insane to hold dollars, and even more insane to lend to the US when they are clearly unable to repay their debts.

There is much talk of the Chinese secretly buying up gold and understating their holdings of it.

You have to remember that a strong RMB is the anti-thesis of what the Chinese government want. Tying it to gold will increase its' value and damage exports.

 

[Ram Mahadev]

Let's compare India and China's export (in services and goods) to GDP ratios:

India export to GDP:

View attachment 358876

China's export to GDP:

View attachment 358877

China is five times or more larger than India in GDP. Yet, its export to GDP ratio is about the same. Hence, your argument about dependency on exports is false.

Let's look at Germany's export to GDP ratio:

View attachment 358879



Let's see India and China's service industries in terms of value added as a percentage of GDP:

India:

View attachment 358880


China:

View attachment 358881

You are not doing particularly better.

All data from the World Bank.

@Shotgunner51

Yes of course the difference between China and India is huge because it's decade of growth vs 1 decade of growth . Am saying India will achieve faster than what China has. And it will be diverse compared to China export oriented GDP. If you belive China is not export oriented economy then good luck with that

 

[vtnsx]

haha, yes. Go ahead and buy more gold. This will not help your problem. Trump is anti-globalism! The EU is slowly realizing this and sooner or later there will be the fall of the EU!

I've warned the Chinese 3 years ago. Currency manipulating is just temporary. Nothing good happen to bad ppl. Look at Hilary ahaha!

 

[TaiShang]

If you belive China is not export oriented economy then good luck with that

This means you deny numbers.

In terms of percentage, India might have a larger portion of its GDP from exports, which will likely further grow. But, in terms of size, certainly, the scale of China's export dwarfs that of India.

Am saying India will achieve faster than what China has.

If "will" had wings...

 

[SBUS-CXK]

So glad you stopped calling people "baby". It just looks wrong. Lol...

Ha ha, I call the corresponding different people.