India is most over-regulated country in the world

[President Camacho]

According to the World Bank, exports make up only 27% of China's GDP.

I hope you understand that a sudden deficit of even a single billion dollar can wreak havoc in any business setting (even when comparing the size of the economy of China here).

Anyway, if that were nothing and I were lying, why on earth did China need to inject such a darn heavy bailout package???

Compared to 96% for Malaysia, 89% for Ireland, 170% for Luxembourg?

Are you not aware of the economic meltdown in 1997? Entire Southeast's economy had plummeted down to the ground. What do you think how? About Ireland... please don't be serious about it. Are you really aware of what is the scene in Ireland these days? God forbid if that happens in China, even you would not be online!

And compare yourself to Luxembourg... an economy that is completely dependent on external forces... Why would you even mention that? I request you to check historical figures when it comes to the economy of Luxembourg. What's next, Vatican City?

And how much of that goes to the West?

Where is this "overdependence" Patanjali, and why have we not suffered from it?

You have not suffered from the over-dependence? Your suffering shows in your undying efforts to keep the Yuan down. Your suffering shows in the desperation of your economists who are unsuccessfully trying hard to shed the USD you have in forex. Your extreme suffering was shown in your last standoff against the EU on the matters pertaining to subsidies on cotton exports.

However... literally speaking about you Chinese Dragon, as a citizen, your suffering will show up in a really ugly way when people habitual of a higher per capita income refuse to go and work in the fields to boost the agrarian sector.

These are just tit-bits of what your economists are going through. There are so many other areas that are so dangerous yet your state is shamelessly pursuing through.

 

[Chinese-Dragon]

How about the fact that exports make up 73% of the Belgium economy, yet they are doing fine? Exports also make up 89% of Malaysia's economy, yet they are doing fine as well.

While exports make up only 19% of Greece's economy, yet they collapsed?

Exports make up 27% of GDP for China, and 21% of GDP for India, according to the latest World Bank figures.

Not much of a difference?

 

[Chinese-Dragon]

You have not suffered from the over-dependence? Your suffering shows in your undying efforts to keep the Yuan down. Your suffering shows in the desperation of your economists who are unsuccessfully trying hard to shed the USD you have in forex. Your extreme suffering was shown in your last standoff against the EU on the matters pertaining to subsidies on cotton exports.

However... literally speaking about you Chinese Dragon, as a citizen, your suffering will show up in a really ugly way when people habitual of a higher per capita income refuse to go and work in the fields to boost the agrarian sector.

These are just tit-bits of what your economists are going through. There are so many other areas that are so dangerous yet your state is shamelessly pursuing through.

LOL, so you're predicting bad things for China then, based on no real evidence? Why am I not surprised.

Here are some facts:

China's economy is the second largest in the world. India's economy is not even in the top ten largest economies.

China is the fastest growing major economy in the world, and has consistently managed to achieve double-digit growth. Something which India has still failed to do.

You talk about instability in China, well I don't need to talk about social problems in India. We all already know. E.g. more poverty than Africa, highest starvation rate, numerous armed insurgencies...

Look to your own house first.

 

[blackops]

How about the fact that exports make up 73% of the Belgium economy, yet they are doing fine? Exports also make up 89% of Malaysia's economy, yet they are doing fine as well.

While exports make up only 19% of Greece's economy, yet they collapsed?

Exports make up 27% of GDP for China, and 21% of GDP for India, according to the latest World Bank figures.

Not much of a difference?

exports are important for every country but a strong domestic market is the most important 89 % of malaysias economy is on exports that does not priove any thing even if rest of the economies fall to which it is related it may not always lead to countries economy to die if it has a strong domestic market in place

 

[President Camacho]

How about the fact that exports make up 73% of the Belgium economy, yet they are doing fine?

While exports make up only 19% of Greece's economy, yet they collapsed?

Exports make up 27% of GDP for China, and 21% of GDP for India, according to the latest World Bank figures.

Not much of a difference?

You do know that Belgium is a part of the tax haven countries, right?

And about India and China, don't forget that India's per capita income is 1/3rd that of China's and India has a greater landmass for agriculture than has China. Nor did India need to pump in a greater percentage of GDP worth in the bailout package. You know these things, right?

 

[President Camacho]

LOL you're predicting bad things for China then, based on no real evidence? Why am I not surprised.

Here are some facts:

China's economy is the second largest in the world. India's economy is not even in the top ten largest economies.

China is the fastest growing major economy in the world, and has consistently managed to achieve double-digit growth. Something which India has still failed to do.

You talk about instability in China, well I don't need to talk about social problems in India. We all already know. E.g. more poverty than Africa, highest starvation rate, numerous armed insurgencies...

Look to your own house first.

Trolling at your best? Looks like I hit the wrong nerve there lol

If you have had the chance to look at my flags or read my posts then you would know I am not a fanatic when it comes to India. But yes, there are some things that force me to believe China will be just as dependent on the western countries (Read: the US) as it is opposed to the idea right now.

About India, you can talk about all the social problems, simply because the state does not regulate information. About China, it is not our fault that we are left guessing what is happening with the people in there. In the US, there is so much talk about the Chinese workers getting blackmailed into work to save their kidneys... if media is independent in China, please bring out the facts. So much about social problems. Man... when you yourself have your eyes closed, don't even look at others.

 

[Chinese-Dragon]

... and India has a greater landmass for agriculture than has China.

Only slightly more. In terms of arable land area, India is 2nd and China is 3rd.

Yet we produce more than twice as much food output as you do.

 

[Vinod2070]

So much about social problems. Man... when you yourself have your eyes closed, don't even look at others.

The funny thing is that they themselves know about those issue but keep mum. Outsiders anyway get to see a very limited picture within the cities. The reality just 20 KMs away from city centers is very different.

We don't focus on those issues because we don't want to. We don't talk about what happened during the "great leap forward" and so on!

They have caught on to every negative adjective they can latch on.

 

[President Camacho]

Only slightly more. In terms of arable land area, India is 2nd and China is 3rd.

Yet we produce more than twice as much food output as you do.

Who the hell is denying that here? It only proves my point - with advancement of technology and yet smaller landmass, fewer people are employed in the agricultural sector. Which means even greater number of people work in the manufacturing/services sector. Where do you think is it going? It simply means that people of China are ever more dependent on the manufacturing of goods leading further to their dependence on the consumer market, the major part of which is the international market. And that international market is comprised mainly by the people of developed countries, esp the United States.

Now tell me this - With the per capita income ever so higher than before, will your people who are accustomed to, and dependent on, higher per capita income will agree to go back to the fields and toil to feed the billion strong population of China?

If you say you will buy the food, then it is a further increase in your dependence on external forces.

I hope at least now you do understand why I appreciate India's insulated economy against the aggressive one of China.

 

[Chinese-Dragon]

We don't talk about what happened during the "great leap forward" and so on!

Give me a break, Jackdaws and JayAtl mention it every single chance they get.

The funny thing is that they themselves know about those issue but keep mum.

I like to argue based on evidence, hence all the references to the World Bank in this thread.

Any proof of the above statement? That Chinese forum members living in Hong Kong, Canada, USA, Britain... are all "keeping mum" on some hidden issue?

 

[below_freezing]

Who the hell is denying that here? It only proves my point - with advancement of technology and yet smaller landmass, fewer people are employed in the agricultural sector. Which means even greater number of people work in the manufacturing/services sector. Where do you think is it going? It simply means that people of China are ever more dependent on the manufacturing of goods leading further to their dependence on the consumer market, the major part of which is the international market. And that international market is comprised mainly by the people of developed countries, esp the United States.

Now tell me this - With the per capita income ever so higher than before, will your people who are accustomed to, and dependent on, higher per capita income will agree to go back to the fields and toil to feed the billion strong population of China?

If you say you will buy the food, then it is a further increase in your dependence on external forces.

I hope at least now you do understand why I appreciate India's insulated economy against the aggressive one of China.

I don't think you understand a simple fact here.

Capacity is the most important thing, and whether there are consumers is completely irrelevant. If necessary, the government can buy the output of the factories and dump them into the ocean then pay people to extract it out again. Money is important for individuals but to governments it is toilet paper. The value of the RMB can increase any time the government wants, simply by decreasing supply of everything manufactured here, which would be essentially printing money since our country imports natural resources like oil and minerals while leaving our own reserves in the ground.

China has 99% agricultural self sufficiency.

China is importing corn and rice. Is the country

Now why are we importing corn? Chinese people do not eat corn. Corn is 100% used for animal feed to produce meat. However meat is not essential to a diet. We can choose to not eat meat. The production efficiency of meat is far lower than that of vegetables. In terms of thermodynamics, a kg of meat is needs 10000 kg of vegetables to produce but has the calories of only maybe 1-2 kg of vegetables, there is a 5000 factor drop in efficiency. If we were to be sanctioned, our agricultural self sufficiency rate would actually increase, not decrease, due to forcing our farmers to move off meat and into vegetables which are literally better, scientifically.

The currency reserves are not a part of the GDP, they are on top of the GDP. It is a linear addition.

 

[Chinese-Dragon]

Now tell me this - With the per capita income ever so higher than before, will your people who are accustomed to, and dependent on, higher per capita income will agree to go back to the fields and toil to feed the billion strong population of China?

Have you heard of mechanized agriculture?

Mechanised agriculture - Wikipedia, the free encyclopedia

Farmers in the USA can often make a lot of money.

Anyway, luckily China has the one-child policy right? Makes it easier to feed the people.

China has more than twice the food output than India does, with a similar population level.

 

[Tiki Tam Tam]

I don't think you understand a simple fact here.

Capacity is the most important thing, and whether there are consumers is completely irrelevant. If necessary, the government can buy the output of the factories and dump them into the ocean then pay people to extract it out again. Money is important for individuals but to governments it is toilet paper. The value of the RMB can increase any time the government wants, simply by decreasing supply of everything manufactured here, which would be essentially printing money since our country imports natural resources like oil and minerals while leaving our own reserves in the ground.

China has 99% agricultural self sufficiency.

China is importing corn and rice. Is the country

Now why are we importing corn? Chinese people do not eat corn. Corn is 100% used for animal feed to produce meat. However meat is not essential to a diet. We can choose to not eat meat. The production efficiency of meat is far lower than that of vegetables. In terms of thermodynamics, a kg of meat is needs 10000 kg of vegetables to produce but has the calories of only maybe 1-2 kg of vegetables, there is a 5000 factor drop in efficiency. If we were to be sanctioned, our agricultural self sufficiency rate would actually increase, not decrease, due to forcing our farmers to move off meat and into vegetables which are literally better, scientifically.

The currency reserves are not a part of the GDP, they are on top of the GDP. It is a linear addition.

ANY MORE BEDTIMES STORIES?

 

[Tiki Tam Tam]

If all is well, why lease farmlands in foreign countries?

And why import from the US and make them the farmers for China of the future?

And what about the desertification increase in China?

 

[Chinese-Dragon]

If all is well, why lease farmlands in foreign countries?

And why import from the US and make them the farmers for China of the future?

And what about the desertification increase in China?

Like I said before, desertification is actually decreasing in China. We reclaim 1717 sq km every year.

BBC News - China official warns of 300-year desertification fight

Also:

Most of the desertification in China happens on the fringes of the Gobi Desert which lies in the west of the country.

Most of it is happening around the fringes of the Gobi desert anyway.