India should lead the world economy: Italy's Economic Development Minister

[Infinity]

Err.......Does this have anything to do with madam?????????????

 

[ChinaToday]

India can borrow money from China to bail out italy and lead the world economy

 

[Shardul.....the lion]

India can borrow money from China to bail out italy and lead the world economy

Thanks but no thanks

In right sense, India already contributed to europe bailout funds (though in peanuts = 1 billion)

But india should help itself first and let china help others.

 

[rds1207]

India can borrow money from China to bail out italy and lead the world economy

fake currency are not allowed in india

 

[beijingwalker]

fake currency are not allowed in india

Indian Rupees maybe just as good as fake,now the whole world is waiting for China to rescue them.is there fake foreign reserve?your foreign reserve is tiny.even Taiwan,a small island has more foreign reserve than India.

---------- Post added at 04:14 PM ---------- Previous post was at 04:12 PM ----------

or maybe you are talking about using real paper value Rupees to save others,haha

 

[cyphercide]

"We expect from India, China, Brazil, big countries outside Europe and US, to be the protagonist of a new economy of growth for everybody,"

That's what the man said,Why are folks in here pitting India against China?

 

[rds1207]

Many argue that on simple purchasing power parity, the Chinese currency the Renminbi is undervalued by approximately 30%. This is a source of friction in the US, with firms claiming they lose out to a cheap Chinese currency which can undercut US goods.

The Chinese government wish to keep the currency undervalued because:

A weaker exchange rate makes exports more competitive and increases demand for Chinese exports.
Chinese economic growth is dependent on exports, so the value of the currency plays a key role in boosting growth
China needs high growth. China’s economic growth is remarkable high by global standards. But, because of the switch from a state controlled industry to free market economy, there is still a problem of unemployment. Growth in exporting manufacturing industries plays a key role in creating jobs that are being lost in agriculture and other privatised state owned industries. With little welfare support for the unemployed, the Chinese government are concerned about social unrest should unemployment rise in the overcrowded cities.
Factors which Make a Weak Chinese Currency Unattractive.

Despite the benefits of a weak currency. It also has some problems for the Chinese economy.
A weak currency creates inflationary pressure. A Weak currency means commodity prices are more expensive. Since China is a big importer of commodities, a weaker exchange rate increases the cost of living and the cost of raw materials. The Government have allowed an appreciation in the exchange rate to help mitigate inflationary pressure.
China is seeking to divesify away from dollar assets. To maintain a weak exchange rate, the Chinese need to keep buying dollar assets. However, many are worried about holding so much dollar assets given weakness of US economy. Therefore, China is seeking to diversify away from US dollar, but, by doing this the exchange rate will appreciate.
Criticism from US. I doubt China give too much importance to complaints from US politicians, but, at the same time they can’t afford to completely ignore the biggest purchaser of Chinese goods. It is in the interest of China to have a strong US economy.

http://www.economicshelp.org/blog/1675/economics/why-is-chinese-currency-undervalued/

 

[rds1207]

http://beta.images.theglobeandmail.com/archive/01330/china-yuan_1330469cl-3.jpg

 

[beijingwalker]

dont worry ,ha,China wont use RMB to save the world,what China has the most is foreign reserve,accounting for 30% of the world total and gets biggest every single second.

 

[great]

Chinese on this forum get over yourselves. China in 2001 had fewer forex reserves than we have today. And we agree to the fact that we are at least 10 years behind your country.

As for Italian minister comment, I don't see why not. If you believe, so it is.

 

[IND151]

With the numerous social, political, economical, security problems that India has, I don't think it is ready to lead the world.

that's correct

but India can definitely bailout some small European nations ( if in return we get something very attractive)

 

[Basanti]

LOL.

Europe just asked China for a bailout, which was declined. They didn't ask India.

Now the Indians here are talking about leading the entire global economy!

I think India can make a fortune by exporting KHUJLI WALA JHANDU BALM to China.
and we can use the profit to save the EU
I can see a LOT of KHUJLIWALAS here.

 

[rds1207]

I think India can make a fortune by exporting KHUJLI WALA JHANDU BALM to China.

I can see a LOT of KHUJLIWALAS here.

great solution bro that will really help them

 

[joekrish]

We don't have enough money to bail out econnomys of other countries we only have enough for flood relief funds and stop begging.

 

[joekrish]

They don't even consider pakistan fit for that.
STOP TROLLING and get a grip on your life.