Gravitas: China is now the richest country in the world, but won't stay so for long, wealth leaving China for India

[Dungeness]

India needs a Mao.

They need an Emperor Qin first.

 

[FairAndUnbiased]

China was virtually all peasants and dirt poor few decades ago, as was the UAE

your leadership steered the country in the right direction, arabs discovered oil lol

and yes, they/we are an industrious people

how else could you explain this:


hows about you keep trollin' and we keep rollin' ?

India hasn't caught up to Chinese 'peasants and dirt poor' from a few decades ago.

India did not get lower death rate than China in the Mao era 1975 until 2010:

Death rate, crude (per 1,000 people) - India, China | Data

India did not get higher life expectancy than China in the Mao era 1975 until 2005:

Life expectancy at birth, total (years) - India, China | Data

India in 2011 still had lower literacy than China in 1982.

Literacy rate, youth total (% of people ages 15-24) - China, India | Data

If Indians would just stop mentioning Chinese, we'd be cool with that.

But since you like mentioning China so much... we'll oblige.

 

[Black Tornado]

Indian media just lies through their teeth, really pathetic


FDI inflows to India dip 51 per cent in first half of 2021
foreign direct investments | FDI | FDI inflows
Ashley Coutinho | Mumbai Last Updated at October 30, 2021 04:57 IST

Global foreign direct investment (FDI) flows rebounded in the first half of 2021 to reach $870 billion, exceeding pre-pandemic levels by 43 per cent and more than double that of the second half of 2020, OECD data and analysis show.

China was the leading FDI recipient worldwide in the first half of 2021, followed by the US and the UK.

India was an outlier and saw a 51 per cent decline during the period.

FDI flows surge in 2021 hinting at global recovery, says OECD

FDI inflows to India dip 51 per cent in first half of 2021

www.business-standard.com

Isn’t it funny that when a surge of 62% happened in first 4 months, and suddenly the dip in 2nd quarter was so huuuuuuggee that the whole FDI inflow dipped 51% in the first half (both quarters combined)???

FDI Inflows Jump 62% To $27.37 Billion In April-July 2021-22

www.ndtv.com

Anywhere else this news of 51% dip in FDI is not present, do share any other source because it is outright absurd tbh. GoI hasn’t even released the data of the 2nd quarter.

At most would be a typo

 

[-=virus=-]

India hasn't caught up to Chinese 'peasants and dirt poor' from a few decades ago.

India did not get lower death rate than China in the Mao era 1975 until 2010:

Death rate, crude (per 1,000 people) - India, China | Data

India did not get higher life expectancy than China in the Mao era 1975 until 2005:

Life expectancy at birth, total (years) - India, China | Data

India in 2011 still had lower literacy than China in 1982.

Literacy rate, youth total (% of people ages 15-24) - China, India | Data

If Indians would just stop mentioning Chinese, we'd be cool with that.

But since you like mentioning China so much... we'll oblige.

guess you hold quite bearish views on India, then.

 

[Black Tornado]

india = liars = fake news


just recently several companies like Ford closed shops in india after losing billions, indians so called middle class just don’t have money to buy them but Tata car

Its all about competition

Ford to leave Russian car market, cede control in joint venture

Ford Motor Co's Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country's passenger vehicle market, resulting in charges of about $450 million to $500 million.

www.reuters.com

Kia came in 2019, surpassed ford in sales.

 

[Leishangthem]

You see why I'm a vocal opponent of fake media,the world needs a media fact checking and responsibility body just like WTO for trade ,WHO for health and there should be WP0 for press.India is a very unique case,,it's the culture and IQ lvl that enables this type of unabashed reporting..They are a class below the rest.

 

[StraightEdge]

India hasn't caught up to Chinese 'peasants and dirt poor' from a few decades ago.

India did not get lower death rate than China in the Mao era 1975 until 2010:

Death rate, crude (per 1,000 people) - India, China | Data

India did not get higher life expectancy than China in the Mao era 1975 until 2005:

Life expectancy at birth, total (years) - India, China | Data

India in 2011 still had lower literacy than China in 1982.

Literacy rate, youth total (% of people ages 15-24) - China, India | Data

If Indians would just stop mentioning Chinese, we'd be cool with that.

But since you like mentioning China so much... we'll oblige.

That's a nice graph, I see it comes from economist in 2011. I would love to see the comparison now in 2021. We should measure how much we improved or didn't improve.
Needless to say India/Pak/BD was in similar phase or transformation, and will be interesting to compare all three together. Maybe someone will take the pain do the comparison.

 

[Unknown-V]

https://twitter.com/x/status/1460600826037211143

I don't see India on the chart

 

[mike2000 is back]

Indian companies do not make it easy for competitive entrants to profit in their market though. Indian Govt. is in their pocket, so regulations and tariffs are formulated to benefit Indian businesses profiting from their home market and not foreigners coming in to take a slice of that pie. This has been the mentality for many hundreds of years

Agree, it does has advantages and disadvantage as well. So it's not all that bad. I see nothing wrong in India encouraging and favouring its local companies over foreign ones. The issue is when they do so when the local alternative isn't even there per se and when it doest benefit te country as a whole, that's when it's a problem.
However I do agree that funny enough China seems more open and makes it easier for western/foreign investors to invest and get back their return on investment faster than India. Reason despite geopolitical issues western investors still flock to China far more than anything they incest in India. Indian Market is more closed and full of legal/administrative/logistical barriers to foreign enterprises. Private companies/investors only care about profits and ROI, they don't give a f**k about geopolitics. So they will invest where it benefits them and their company.

 

[MH.Yang]

Well, given recent tensions between China and the West, it is fair to assume that at least some of those western investments may come to India. Not a mass exodus, there is no reason for one just yet, and that India lacks in infra etc compared to China but.. we'll see some benefit as India builds that infra and invests in a skilled workforce. Indians are just as hardworking and industrious a people as the Chinese, just that we haven't had good leadership and governance for the majority of our time as the modern nation state that it is now. The CCP has always had a vision and gone about it methodically while crushing all dissent and working steadfast toward their goals, and they continue to reach for loftier heights, it does have its benefits, an authoritarian system. China are not burdened by political infighting or the uncertainty that the democratic process brings with it.

I think there's more than enough room for both countries to continue to grow, and a lot of it can be mutually beneficial too.

I haven't been to India, but I agree with most of your opinions.
Indians are really hard-working. At least some Indians I have contacted working abroad are very hard-working.
And at least Indians working abroad are not arrogant. An Indian community of an American University cooperated with my company once did a fund-raising activity. They frankly expounded India's poverty and inequality.

Several Indian doctors working in my hometown once talked with me about bribery in Mumbai and complained that India's election was a joke. An Indian student in China complained to me about too many religious conflicts in India.
Indians is more frank and honest in reality. I can also clearly feel that Indians do not pay as much attention to ideology as Europeans and Americans.
But the general hostility of Indians towards China is real. Indians have too much nationalism, but they can't correctly find the real enemy that hinders their development.
Moreover, Indians generally agree with the development idea of "made in India", but they mistakenly hold the strategic idea of "zero-sum" to China. They even think that they should please Europe and the United States, not China, to obtain the transfer of manufacturing. This has also led China to shift the low-end manufacturing industry originally planned to be transferred to India to Southeast Asia. Therefore, I think India is now in a period of populist ideas and anti intellectualism, and there is a lack of sufficient development space between China and India.

 

[graphican]

Daniel, false hope and lies. That is what an average Indian lives on. Indian media is selling what they know will be bought. So let's live in "phool's paradise" and give Indians yet another false hope. Job done.

 

[Shotgunner51]

Well, given recent tensions between China and the West, it is fair to assume that at least some of those western investments may come to India. Not a mass exodus, there is no reason for one just yet, and that India lacks in infra etc compared to China but.. we'll see some benefit as India builds that infra and invests in a skilled workforce. Indians are just as hardworking and industrious a people as the Chinese, just that we haven't had good leadership and governance for the majority of our time as the modern nation state that it is now. The CCP has always had a vision and gone about it methodically while crushing all dissent and working steadfast toward their goals, and they continue to reach for loftier heights, it does have its benefits, an authoritarian system. China are not burdened by political infighting or the uncertainty that the democratic process brings with it.

I think there's more than enough room for both countries to continue to grow, and a lot of it can be mutually beneficial too.

Fair assessment but like in most people's belief there's a myth called "western investments", even a joke.

People in the west or other west-loving folks can have all of it, which has NEVER been significant to China anyway. FDI's in China are predominantly from Hong Kong (between 60~70% of all FDI's), followed by Singapore, Taiwan (usually through BVI or Cayman Island), South Korea and Japan rounding up the top 5 investors, anything "western"? Moreover China itself is one of world's largest exporter of capital/investments, these tiny "western investments" can all get out as if their "exodus" have slightest impact on China.

Rather than "western investments", I'm more looking forward to see creditor nations like GCC begins diverting their capitals from the west to China. Perhaps "western investments" should go home and fill the vacuum leftover by the Arabs.

Saudi Arabia Turns Toward China

Saudi Arabia Turns Toward China Crown Prince Mohammed is guiding the kingdom toward an assertive foreign-policy stance. By Karen Elliott House Nov. 9, 2021 6:24 pm ET https://www.wsj.com/articles/saudi-arabia-china-crown-prince-mohammed-bin-salman-energy-prices-climate-xi-biden-iran-11636493333...

defence.pk

 

[Shotgunner51]

western investors still flock to China

Nah eastern investors almost dominate 90% of China's total received foreign investments, what western? Looking forward even I believe "southern" oil monies from KSA/GCC will be far more significant in China than western investors.

 

[Leishangthem]

Well, given recent tensions between China and the West, it is fair to assume that at least some of those western investments may come to India. Not a mass exodus, there is no reason for one just yet, and that India lacks in infra etc compared to China but.. we'll see some benefit as India builds that infra and invests in a skilled workforce. Indians are just as hardworking and industrious a people as the Chinese, just that we haven't had good leadership and governance for the majority of our time as the modern nation state that it is now. The CCP has always had a vision and gone about it methodically while crushing all dissent and working steadfast toward their goals, and they continue to reach for loftier heights, it does have its benefits, an authoritarian system. China are not burdened by political infighting or the uncertainty that the democratic process brings with it.

I think there's more than enough room for both countries to continue to grow, and a lot of it can be mutually beneficial too.

Well, given recent tensions between China and the West, it is fair to assume that at least some of those western investments may come to India. Not a mass exodus, there is no reason for one just yet, and that India lacks in infra etc compared to China but.. we'll see some benefit as India builds that infra and invests in a skilled workforce.

Generally speaking, the Chinese government is more restrictive than other big economies in regard to foreign investment, with numerous sectors closed to FDI. State companies and "national flagships" are protected. Large foreign corporates are begging China to open up for FDI. Nation wise China's main investors are Asia pacific nations not western ones. China isn't begging for FDI.

Indians are just as hardworking and industrious a people as the Chinese, just that we haven't had good leadership and governance for the majority of our time as the modern nation state that it is now.

Indians live in their own bubble and stack themselves up in an unabashed manner against every successful group?
Have you ever been with Chinese community to know if Indians are as hardworking as Chinese ?
Mostly high IQ nations are hardworking.
Here's what even Dalai Lama says,

Indians lazier than Chinese, but India most stable: Dalai Lama

Dalai Lama drew a light comparison between the people of India and China at an interactive programme organised by the Indian Chamber of Commerce here.

economictimes.indiatimes.com

(he clearly found Indians as significantly lazy group to even mention that)

Indians can barely manage roads or garbage and the people complain all the time,they run their mouth way more than action,that's not the trait of hard working nation.No nation as hardworking as China will be undeveloped and behind as India. The leaders in gov are very representative of the quality and mental aptitude of civilians,someone like xi who speaks by actions rather than big words and dramatic oration will never be a PM of India,likewise, someone like Modi will never be seen able enough to be the leader of China. With India's culture and IQ you can't expect a leader of Chiang Kai sek,Lee Chun hee,lee kwan yew,deng xiao ping caliber,you get a tesla from only a tesla giga factory not a Maruti factory.

The CCP has always had a vision and gone about it methodically while crushing all dissent and working steadfast toward their goals, and they continue to reach for loftier heights, it does have its benefits, an authoritarian system. China are not burdened by political infighting or the uncertainty that the democratic process brings with it.

India also had a vision,even that 2020 superpower,other than their 5 years plans;India just incompetent. India tried everything even semiconductor manufacturing before Taiwan,Korea or China.
You actually tell yourself dissent isn't crushed when it doesn't favor the gov in India?
What about the farmer's protest? what about NRC implementation?and many more such cases?

India has a worse history of crushing dissent,that's how India exist today as an entity.

China isn't burdened by political infighting? that shows your ignorance. Just because China doesn't make scene on tv doesn't mean they don't have political infighting,you know how much Chinese politicians have to undergo hustle to pass any laws by persuading hundreds of cadres ? many of the members are competing for positions by keeping their life and career on the line,the stakes are completely different,one mistake and your career is over unlike in India. China may have some advantages but it's not as simple as you think,like a cpc leader decides something and everything gets done,it doesn't work like that.

 

[Shotgunner51]

Nation wise China's main investors are Asia pacific nations not western ones. China isn't begging for FDI.

Exactly! Reality is hard to digest for people deluded of "western" investment.