“India Shining”? Or the Greece of Asia?

[junk]

i do not wish bad for anyone, not even my enemies, but what surprises me is indians want china to collapse while their own house is on fire,

people living in glass house shouldnt throw stones at others.

not being offensive here india has always been shining sh$t since RSS assassinated gandhi.

 

[Korean]

http://www.theepochtimes.com/n2/chi...o-collapse-by-2015-says-economist-244905.html

China’s Manufacturing to Collapse by 2015, Says Economist

China’s manufacturing sector is “suffering from two illnesses,” he said, i.e., worsening of investment and management environment and excessive production capacity; consequently money originally meant for investing in the real economy has been diverted to luxury cars and goods.
The three main segments of the manufacturing sector—R&D, logistics channels, and key component parts—are controlled by European and American companies. China, therefore, has lost control of product pricing, which, inevitably, has created crises, Lang said in the lecture.

“I want to tell those Chinese people and officials, who are only concerned about saving face rather than resolving internal issues, how dangerous and terrible today’s economy is.”
Lang also wrote that having crises is not frightening, “what is horrible is that we turn a blind eye to crisis and try to cover it up. What is even more frightening is to adopt a stopgap approach and therefore create an even bigger crisis.”

“China’s economic problem today cannot be resolved by the current economic system and means, we should look for other ways,” he added.

In October last year, Lang said the regime was on the brink of bankruptcy. One reason, he noted, is that the regime’s officially published GDP of 9 percent is fabricated. According to Lang’s data, China’s GDP has decreased 10 percent.*

Holy cow, Mr. Lang hits the bullseye on the reality of China's manufacturing sector, which is foreign dominated and is set to take a massive hit once the foreign factories pack up and leave in search of a lower wage 3rd world country.

How Will China Pay Off Its Debt?

By printing money, of course. Deflate the debt via inflation.

 

[kewell333]

China



Holy cow, Mr. Lang hits the bullseye on the reality of China's manufacturing sector, which is foreign dominated and is set to take a massive hit once the foreign factories pack up and leave in search of a lower wage 3rd world country.


By printing money, of course. Deflate the debt via inflation.

Sorry....We don't have a fiscal deficit worth 6% of GDP like you....and we don't have a trade deficit worth 10% of GDP like you....
so we don't need to printe money make the inflation surpass 10% like you...Our inflation only 3%... and petrol price in your India even 30% higher than ours...

 

[Sashan]

With different economies linked globally even a small economy like Greece can cause tremors. It is unfortunate everyone here wants to point out each country's negativity when they should be worried what is going to happen to common men like us including the job market implications.

 

[Killswitch]

India is headed in the right direction. Reform is needed and it will come. bash India all you want, India will move forward regardless of the haters.

 

[lem34]

Give us a break. India shining is only here on the forum in the minds of a few Indians that can afford a laptop

 

[debashish_j20]

don't troll in posts ok???, karachi has the biggest slum in asia. source- wikipedia
searce for orange city-biggest slum, india doesn't have!!

Indian growth slump falls hardest on the poor

INDIA'S poorest did not need to see the country's latest quarterly growth figures yesterday -- showing a four-year slump -- to know the shine has rubbed off the subcontinent's economic miracle.

Hours before the latest gross domestic product results revealed a fourth-quarter growth rate of just 5.3 per cent, millions of workers joined a national strike to protest against a steep increase in petrol prices.

Trains and transport services ground to a halt yesterday and angry mobs blocked roads in some cities.

The dire January-March performance -- the lowest quarterly result since the 2008 global financial crisis -- has slammed the brakes on India's already sluggish economy, forcing annual growth to 6.5 per cent, below the 6.9 per cent predicted, and far below the 8.4 per cent of the previous year.

While a 6.5 per cent growth rate may seem high compared with the struggling economies of Europe, experts say India must expand its economy annually by 9-10 per cent if it is to reduce widespread poverty.


The Confederation of Indian Industry responded to the results by demanding "immediate and bold actions" to salvage the economy. Other analysts also called for the government to "step on the panic button" and institute reforms to stimulate investment.

Despite a growing middle class, India remains a stark study in contrasts. While the poor yesterday rebelled against a government that has presided over a steady increase in the cost of food staples and fuel, a day earlier hundreds of middle-class Delhiites jostled outside India's newest Dunkin' Donuts outlet.

The company announced that its sales in India were almost 30 per cent higher than expected, and 500 new stores are planned for the country.

India's sluggish growth figures will do nothing for the sinking rupee, which hit a new low of 56.47 rupees to the US dollar yesterday. The weakened currency is compounding the misery of the poor by stoking inflation, which is already above 7 per cent.


| The Australian

don't troll in posts ok???, karachi has the biggest slum in asia. source- wikipedia
searce for orange city-biggest slum, india doesn't have!!

 

[kkacer]

India sinking