AndrewJin
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KOkay
Philippines is a superpower.
Obviously this is fake data, India is a superpower, ummm... YES! I'm sure, No reason.R&D spending will reshape the world map.
Let's see what will happen.
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Great newsIndia has a similar economic structure with US and Japan, export is less than 20% of total GDP.
I guess you have the real truth on definition of high-tech, better than the consensus of major industrial countries.Philippines is a puppet of the USA. USA has bases in philippines. But, recently the new president is drifting away just like Erdogan. USA is losing influence fast. Just like South Korea, Japan have no resource but USA patronage, philippines also is in similar situation.
There is nothing big to speak here. India has always been service sector oriented and not a manufacturing hub. India didn't want to exploit its natural resources too much and only focused on sustainable things.
Philippines has poor R&D. It is just that some low end goods like motor vehicles are considered as high tech good and the numbers are skewed. Let us only consider chips, defence, space, electronics to see who stand where
G7+China
Germany 46.8%
Canada 31.5%
Italy 30.1%
France 30%
UK 27.2%
China 22.1%
Japan 17.9%
US 12.6%
India's value added is extremely low.
I believe SEA nations will one by one surpass India in value-added, if not they have not already done so. Countries such as Vietnam are already evolving into classical East Asian developmental state in our region.
They have a chance to catch the last development train, but India stands no chance.
The share of exports in China's GDP has been declining whereas the GDP continues to grow. Because, domestic consumption has kicked in in China because of its economies of scale, hence, China relies less on foreign markets for development.
You can grow into Tencent, a global internet juggernaut, by simply relying on the domestic market initially.
China is evolving into innovation-driven, high value-added manufacturing based, consumption economy.
Good work ethics, closer to major East Asian consumer markets, closer to East Asian supply chain, good and rapidly improving infrastructure, etc.India's value added is extremely low.
I believe SEA nations will one by one surpass India in value-added, if not they have not already done so. Countries such as Vietnam are already evolving into classical East Asian developmental state in our region.
They have a chance to catch the last development train, but India stands no chance.
The share of exports in China's GDP has been declining whereas the GDP continues to grow. Because, domestic consumption has kicked in in China because of its economies of scale, hence, China relies less on foreign markets for development.
You can grow into Tencent, a global internet juggernaut, by simply relying on the domestic market initially.
China is evolving into innovation-driven, high value-added manufacturing based, consumption economy.
I have to say, thank Australia, Brazil, USA, India, Russia, Africa, etc, to continuously providing resources to China.Vietnam is not a high technology hub. It is just assembly hub. China is able to produce so much items because it extracts natural resources and sells them at throw away prices.
Just look at the production by countries of these resources -
Coal, iron, aluminum, copper, tin, lead, zinc, manganese, phosphate, potassium, gold, molybdenum, tungsten.
Now, you will understand why china is booming. They are over exploiting their resources and selling for low prices.
These are non renewable resources and will be permanently depleted because of over exploitation
Good work ethics, closer to major East Asian consumer markets, closer to East Asian supply chain, good and rapidly improving infrastructure, etc.
There are so many favourable points for Southeast Asia.
I have to say, thank Australia, Brazil, USA, India, Russia, Africa, etc, to continuously providing resources to China.
Without them, DJI phantom4 could never be produced in Shenzhen
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That's a tiny electricity consumption in the indian market....When China is extracting resources so much more than India, they are bound to develop more. There will more opportunities to do trial and error, more leakage tolerance etc.
China, for example, has hydroelectric power generation which is equal to the total power generation of India. That much water is there in China. After all, China is 3 times as large as India and 1/3rd of it is mountains,1/3rd desert and 1/3rd plains. The mountains ensure large supply of water sources and huge reserves of resources, desert has oil and fossil fuel, plains have farmland
Yes, China's consumption on real goods (not those fancy Murican financial products) is second to none.....India's value added is extremely low.
I believe SEA nations will one by one surpass India in value-added, if not they have not already done so. Countries such as Vietnam are already evolving into classical East Asian developmental state in our region.
They have a chance to catch the last development train, but India stands no chance.
The share of exports in China's GDP has been declining whereas the GDP continues to grow. Because, domestic consumption has kicked in in China because of its economies of scale, hence, China relies less on foreign markets for development.
You can grow into Tencent, a global internet juggernaut, by simply relying on the domestic market initially.
China is evolving into innovation-driven, high value-added manufacturing based, consumption economy.
That's a tiny electricity consumption in the indian market....
From the A/C market summary below,
It seems that few india is using A/C in the extremely hot summer (though days when A/C is needed are three times of China's)
What kind of future tech are you preparing for that when you consume very little electricity?
Maybe you guys can export such high tech solutions so that people from other countries can also consume little electricity as indians in the hot weather.....
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Yes, China's consumption on real goods (not those fancy Murican financial products) is second to none.....
The GDP proportion on consumption is bigger than entire indian GDP.
View attachment 440474
The huge domestic consumption on high-tech goods and huge high-tech exports are not separate topics, but co-exist and benefit from each other.