India to catch up with China? Stop deluding yourselves!

[AndrewJin]

One step at a time brother. Compared to what it is now, it will be a big improvement. There will be further highways done simultaneously by each state to branch off the network as well.

Every state can have a provincial highway system!
In China, many provincial highways and county highways are way better than national highways....

From my knowledge, to call it national, provincial, county, village, it's more about the significance of a road in the network. For example, a national highway is to connect big cities interstate, a provincial highway is to connect cities in the province.

But in the meantime, we also have technical standards of highways, 5 classes (expressway and highway class1-4)
We can build a national highway based on class 3 highway on a plateau because of the low demand and bad natural conditions. We can also build a village road based on class1 highway because of the high demand.

National highway, but only two lanes, on Tibet-Qinghai Plateau
Class 3

National highway, Class 1-2

Provincial highway in Haining County
Class 2

Township highway X264 in Huadu
Class1

 

[Nilgiri]

Every state can have a provincial highway system!
In China, many provincial highways and county highways are way better than national highways....

From my knowledge, to call it national, provincial, county, village, it's more about the significance of a road in the network. For example, a national highway is to connect big cities interstate, a provincial highway is to connect cities in the province.

But in the meantime, we also have technical standards of highways, 5 classes (expressway and highway class1-4)
We can build a national highway based on class 3 highway on a plateau because of the low demand and bad natural conditions. We can also build a village road based on class1 highway because of the high demand.

National highway, but only two lanes, on Tibet-Qinghai Plateau
Class 3

National highway, Class 1-2

Provincial highway in Haining County
Class 2
View attachment 344194

Township highway X264 in Huadu
Class1
View attachment 344195

Yup its the same reason why some states in India have better state highways than the federal network system (NHAI), and some are worse lol. India is in the process of take-off inflection point, whereas China is past the maturing inflection point in highway building. So China of course has to find new areas of capacity improvement at every scale possible in logistics to utilise its momentum from the period before well.....whereas India is just starting to build up the momentum in the first place.

 

[randomradio]

Our consumption is bigger than your entire economy.

That's irrelevant. The American consumption is also bigger than your entire economy. It doesn't mean anything.

 

[AndrewJin]

Yup its the same reason why some states in India have better state highways than the federal network system (NHAI), and some are worse lol. India is in the process of take-off inflection point, whereas China is past the maturing inflection point in highway building. So China of course has to find new areas of capacity improvement at every scale possible in logistics to utilise its momentum from the period before well.....whereas India is just starting to build up the momentum in the first place.

No no no....
we are still building roads crazily....
Expressways will be doubled....
Village highways will be tripled....
Urban elevated roads are built everywhere....
In my city, construction sites are literally on every street.....
It's a mess!

That's irrelevant. The American consumption is also bigger than your entire economy. It doesn't mean anything.

Why does it not mean anything?
America's consuming market is the biggest in the world.
China probably consumes the most physical products in almost all categories, the biggest market of computers, cars, smart phones, etc, but not overall the biggest market.

For example, medicine

 

[randomradio]

Why does it not mean anything?

Because that wasn't the point being made.

India's growth has come from the services sector based on the domestic market. China's growth has come from the manufacturing sector.

China's economy was investment led, including govt spending, India's economy was consumption led.

China's economy grew solely by global demand, and when the global economy has slowed, so has China. India's growth story is led by the people of the country, ie, domestic consumption. So even though the global demand has slowed, it has not affected India because most of the demand comes from within the country which has always remained strong.

My reply was to your silly friend who wanted to know why India wasn't doing well in global trade.

 

[endyashainin]

Because that wasn't the point being made.

India's growth has come from the services sector based on the domestic market. China's growth has come from the manufacturing sector.

China's economy was investment led, including govt spending, India's economy was consumption led.

China's economy grew solely by global demand, and when the global economy has slowed, so has China. India's growth story is led by the people of the country, ie, domestic consumption. So even though the global demand has slowed, it has not affected India because most of the demand comes from within the country which has always remained strong.

My reply was to your silly friend who wanted to know why India wasn't doing well in global trade.

The stupid continues strongly. Are you a political science major?

No empty talk, no excuses, no bullshit. Just do it.

 

[AndrewJin]

Because that wasn't the point being made.

India's growth has come from the services sector based on the domestic market. China's growth has come from the manufacturing sector.

China's economy was investment led, including govt spending, India's economy was consumption led.

China's economy grew solely by global demand, and when the global economy has slowed, so has China. India's growth story is led by the people of the country, ie, domestic consumption. So even though the global demand has slowed, it has not affected India because most of the demand comes from within the country which has always remained strong.

My reply was to your silly friend who wanted to know why India wasn't doing well in global trade.

If China merely centres on domestic demand, China will remain a lower income country though China's domestic demand and consumption is several times of India's.

 

[randomradio]

If China merely centres on domestic demand, China will remain a lower income country though China's domestic demand and consumption is several times of India's.

China can't because of an ageing population. But India can, India's population is very young and will continue to be young for a long time, and the population will continue growing for another 30 years. Plus without the one child policy, we have far more millennials than China, so our domestic market is far more sustainable over a longer period of time.

Think about it this way, when China was a 2T economy, the Chinese authorities created an unsustainable roadmap for growth using excess credit, and is now experiencing a slowdown. India is a 2T economy today, and the authorities are creating a sustainable roadmap for growth.

Look at the difference between India and China and how resilient the Indian economy is. We are actually tightening our monetary policy while the whole world is loosening it.

https://www.ft.com/content/1de8727e-4b18-11e5-9b5d-89a026fda5c9

http://www.livemint.com/Politics/8LRUt7Gf1BhurECg5cdq8H/RBI-seen-leaving-repo-rates-unchanged.html

China is nowhere near a developed country and look at the debt.

And look at where India's debt is. Look at the difference in debt when India and China were 2T economies. You are at the same level as the UK or US and your per capita is not even 1/6th theirs.

Look at your future also. You need more debt in order to keep going.
http://www.reuters.com/article/china-debt-bankinjection-sp-idUSL4N1CH1TU

Your economy has done well all these years primarily on unsustainable amounts of debt. It's not something to be proud about. Even we can build obscene amounts of expressways, power stations and railways if we take so much debt.

We are managing high growth with very little debt even during a slowdown, and that's called sustainable growth.

If China merely centres on domestic demand, China will remain a lower income country though China's domestic demand and consumption is several times of India's.

Read this also.
http://www.livemint.com/Politics/8O...-it-is-so-big-that-it-doesnt-need-the-wo.html

Important points:

First, the world economy is not growing and Make in India is export-driven. Maybe India should Make for India and not for the world.

As the use of robotics becomes an increasingly critical part of manufacturing, location becomes less important.

India is lucky that it is so big that it does not need the world.

 

[AndrewJin]

China can't because of an ageing population. But India can, India's population is very young and will continue to be young for a long time, and the population will continue growing for another 30 years. Plus without the one child policy, we have far more millennials than China, so our domestic market is far more sustainable over a longer period of time.

Think about it this way, when China was a 2T economy, the Chinese authorities created an unsustainable roadmap for growth using excess credit, and is now experiencing a slowdown. India is a 2T economy today, and the authorities are creating a sustainable roadmap for growth.

Look at the difference between India and China and how resilient the Indian economy is. We are actually tightening our monetary policy while the whole world is loosening it.

https://www.ft.com/content/1de8727e-4b18-11e5-9b5d-89a026fda5c9

http://www.livemint.com/Politics/8LRUt7Gf1BhurECg5cdq8H/RBI-seen-leaving-repo-rates-unchanged.html

China is nowhere near a developed country and look at the debt.

And look at where India's debt is. Look at the difference in debt when India and China were 2T economies. You are at the same level as the UK or US and your per capita is not even 1/6th theirs.

Look at your future also. You need more debt in order to keep going.
http://www.reuters.com/article/china-debt-bankinjection-sp-idUSL4N1CH1TU

Your economy has done well all these years primarily on unsustainable amounts of debt. It's not something to be proud about. Even we can build obscene amounts of expressways, power stations and railways if we take so much debt.

We are managing high growth with very little debt even during a slowdown, and that's called sustainable growth.



Read this also.
http://www.livemint.com/Politics/8O...-it-is-so-big-that-it-doesnt-need-the-wo.html

Important points:

Do you mean jobless low-skill young people wandering on the street?
Sustainable in india? lol....this is the biggest joke of the year.

btw, poor people don't have debt because they are poor.

 

[grey boy 2]

Delusional Indians believed they've demographic advantages for breeding like rabbits
Actually its a economic disaster waiting to happen

India's most important structural imbalance in a graphic
A report by Deloitte has this graphic which captures the essence of India's most worrying economic-demographic imbalance.

An oversized 58% of the workforce involved in agriculture contributes just 15% to the GDP. India's biggest challenge in the coming years will be to manage the transition of a large share of this 58% into manufacturing and services. Given the already large share of services sector, manufacturing may have to absorb the major share of those moving out of agriculture.
http://gulzar05.blogspot.com/2012/04/indias-most-important-structural.html

Keep day dreaming with an empty stomach, when hundred of millions of your over population not knowing know when will be the next meal doesn't help either
Seriously, is there anything meaningful close to compare? i don't think so

 

[dy1022]

China can't because of an ageing population. But India can, India's population is very young and will continue to be young for a long time, and the population will continue growing for another 30 years. Plus without the one child policy, we have far more millennials than China, so our domestic market is far more sustainable over a longer period of time.

Think about it this way, when China was a 2T economy, the Chinese authorities created an unsustainable roadmap for growth using excess credit, and is now experiencing a slowdown. India is a 2T economy today, and the authorities are creating a sustainable roadmap for growth.

Look at the difference between India and China and how resilient the Indian economy is. We are actually tightening our monetary policy while the whole world is loosening it.

https://www.ft.com/content/1de8727e-4b18-11e5-9b5d-89a026fda5c9

http://www.livemint.com/Politics/8LRUt7Gf1BhurECg5cdq8H/RBI-seen-leaving-repo-rates-unchanged.html

China is nowhere near a developed country and look at the debt.

And look at where India's debt is. Look at the difference in debt when India and China were 2T economies. You are at the same level as the UK or US and your per capita is not even 1/6th theirs.

Look at your future also. You need more debt in order to keep going.
http://www.reuters.com/article/china-debt-bankinjection-sp-idUSL4N1CH1TU

Your economy has done well all these years primarily on unsustainable amounts of debt. It's not something to be proud about. Even we can build obscene amounts of expressways, power stations and railways if we take so much debt.

We are managing high growth with very little debt even during a slowdown, and that's called sustainable growth.



Read this also.
http://www.livemint.com/Politics/8O...-it-is-so-big-that-it-doesnt-need-the-wo.html

Important points:

India is a debtor nation, net IIP stood at US$ -353.1 billion at end 2016 Q2.
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38199



India lives by hot money and loans !!!

we should have a look at how a beggar lives on the street !!!




Also see below what happened !!!


Global Hunger Index: Welcome to India, world's hottest economy where 39% kids are stunted

http://www.firstpost.com/business/g...my-where-39-children-are-stunted-3046864.html












Hong Kong's Balance of Payments and International Investment Position statistics for second quarter of 2016 [22 Sep 2016]

HONG KONG SAR: At the end of the second quarter of 2016, Hong Kong's external financial assets and liabilities amounted to HK$ 34,269.5 billion and HK$ 25,619.8 billion respectively. After netting out the external financial liabilities from the external financial assets, Hong Kong was a net creditor. Hong Kong's net external financial assets amounted to HK$ 8,649.7 billion (at exchange of 7.76:1, equivalent to US$ 1.1114652 trillion) at the end of the second quarter of 2016, compared with HK$ 8,480.9 billion at the end of the first quarter of 2016.
http://www.censtatd.gov.hk/press_release/pressReleaseDetail.jsp?charsetID=1&pressRID=3884

Updates of World's Largest Creditor Nations

JAPAN: As per latest Ministry of Finance report, at the end of second quarter 2016, Japan's net IIP stood at yen 354,341 billion (at exchange of 103.64:1 equivalent to US$ 3.41896 trillion).
http://www.mof.go.jp/international_policy/reference/iip/201609a.pdf

GERMANY: As per latest Bundesbank report, at the end of second quarter 2016, Germany's net IIP stood at euro 1,548.1 billion (at exchange of 1:1.11, equivalent to US$ 1.718391 trillion).
http://www.bundesbank.de/Redaktion/...rmoegen_quartal.en.pdf?__blob=publicationFile

CHINA: As per SAFE, at the end if second quarter of 2016, China's net IIP stood at SDR 1,189.29 billion (equivalent to US$ 1.6636 trillion)
http://www.safe.gov.cn/wps/portal/english/Data/Investment

TAIWAN: As per latest CBC report, at end of 2015, Taiwan's Net International Investment Position stands at US$ 1.053905 trillion, an increase of US$ 117.299 billion from a year ago. CBC releases IIP data annually, no quarterly data available.
http://www.cbc.gov.tw/public/Data/661516275171.pdf

SWITZERLAND: As per Scheweizerische Natl Bank, stocks of foreign assets increased by CHF 71 billion to CHF 4,298 billion in the second quarter of 2016. Stocks of foreign liabilities also rose, by CHF 33 billion to CHF 3,541 billion, mainly due to transactions reported in the financial account. The net international investment position advanced by CHF 37 billion to CHF 757 billion (at exchange of 1:01, equivalent to US$ 764.57 billion).
https://snbchf.com/2016/09/swiss-balance-payments-investment-position-q2/

NORWAY: As per Statistisk sentralbyrå (SSB), net IIP standing in the second quarter of 2016 was NOK 5,963,974 million (at exchange of 8.19:1, equivalent to US$ 728.202 billion). The country has the highest IIP per capita in Europe.
http://www.ssb.no/en/nasjonalregnsk...eltall/economic-and-financial-data-for-norway

NETHERLANDS: As per De Nederlandsche Bank (DNB), net IIP in the second quarter of 2016 stood at euro 525,677 million (at exchange of 1:1.11, equivalent to US$ 583.5015 billion)
http://www.dnb.nl/en/statistics/sta...d-international-investment-position/index.jsp

SINGAPORE: As per Singstat.Gov.SG, net IIP in the second quarter of 2016 stood at S$ 802,584.7 million (at exchange of 1.39:1, equivalent to US$ 577.399 billion). Note, per capita basis, Singapore NIIP is the world's highest, along with Norway, Hong Kong.
http://www.singstat.gov.sg/methodologies-standards/data-dissemination-standard/national-summary-page

SAUDI ARABIA: The Saudi Arabian Monetary Agency reported net foreign assets of US$ 572 billion in end of May 2016, the lowest level in four years. The slump in crude prices has forced the government to sell bonds and draw on its currency reserves, still among the world’s largest. Net foreign assets fell by $115 billion last year, when the kingdom ran a budget deficit of nearly $100 billion.
http://www.bloomberg.com/news/artic...foreign-assets-fall-to-four-year-low-in-april
New Standing

Hong Kong has marginally overtaken Taiwan as world's 4th largest creditor by end Q2 2016, only trails Japan, Germany and China Mainland. However, note Taiwan's quarterly data are unavailable, hence the final ranking is yet to be confirmed at end 2016.

For Greater China as a whole (without accounting for Macau) combined position surpasses US$ 3.82897 trillion, making her world's largest creditor nation.

 

[randomradio]

Do you mean jobless low-skill young people wandering on the street?

India's unemployment is quite low at 5%.
http://www.tradingeconomics.com/india/unemployment-rate

China's unemployment information is much more sketchy than India's and even govt figures are similar. So you have more low skill young people wandering on the streets than India does.

Sustainable in india? lol....this is the biggest joke of the year.

Yes, it is sustainable. That's why we are growing at more than 7.5% even in the middle of a global slowdown and while India is coming out of a major drought that's lasted for 2 years. So this 7.5% is growth during a slowdown for India. And don't forget that this growth isn't being fueled by bad debt.

http://www.bloomberg.com/news/artic...uffering-one-of-its-worst-droughts-in-decades

Hundreds of millions of people in India are grappling with one of the nation’s worst droughts since independence, following two years of poor rainfall and the onset of intense summer heat.

http://www.bbc.com/news/world-asia-india-36089377

At least 330 million people are affected by drought in India, the government has told the Supreme Court

This drought is among the biggest reasons why we only have 7-8% growth.

They are saying rural demand is up by 40% this year.

btw, poor people don't have debt because they are poor.

Look at the second graph, India's debt is with corporations and govt. Not with people.

Even when China was poorer than today's India, China had more debt. China's debt economy was built based on sustaining high growth in order to manage that debt, but that fell flat on the face due to the financial crisis. Look at the increase in debt after the financial crisis. Completely unsustainable.

Anybody with even little knowledge in economics will know that for a developing country to have debt equivalent to advanced economies is suicide.

 

[dy1022]

A beggar on the street shouldn't compares with the richest Man ever!


For Greater China as a whole (without accounting for Macau) combined position surpasses US$ 3.82897 trillion, making her world's largest creditor nation.




India is a debtor nation, net IIP stood at US$ -353.1 billion at end 2016 Q2.
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38199



India lives by hot money and loans !!!

we should have a look at how a beggar lives on the street !!!

 

[AndrewJin]

Delusional Indians believed they've demographic advantages for breeding like rabbits
Actually its a economic disaster waiting to happen

India's most important structural imbalance in a graphic
A report by Deloitte has this graphic which captures the essence of India's most worrying economic-demographic imbalance.

An oversized 58% of the workforce involved in agriculture contributes just 15% to the GDP. India's biggest challenge in the coming years will be to manage the transition of a large share of this 58% into manufacturing and services. Given the already large share of services sector, manufacturing may have to absorb the major share of those moving out of agriculture.
http://gulzar05.blogspot.com/2012/04/indias-most-important-structural.html

Keep day dreaming with an empty stomach, when hundred of millions of your over population not knowing know when will be the next meal doesn't help either
Seriously, is there anything meaningful close to compare? i don't think so

Contribution of Chinese economy is bigger than ever in 2016.

A few numbers bear this out. If Chinese GDP growth reaches 6.7 percent in 2016 - in line with the government's official target and only slightly above the International Monetary Fund's latest prediction (6.6 percent) - China would account for 1.2 percentage points of world GDP growth. With the IMF currently expecting only 3.1 percent global growth this year, China would contribute nearly 39 percent of the total.

Global growth: Still made in China

India's unemployment is quite low at 5%.
http://www.tradingeconomics.com/india/unemployment-rate

China's unemployment information is much more sketchy than India's and even govt figures are similar. So you have more low skill young people wandering on the streets than India does.



Yes, it is sustainable. That's why we are growing at more than 7.5% even in the middle of a global slowdown and while India is coming out of a major drought that's lasted for 2 years. So this 7.5% is growth during a slowdown for India. And don't forget that this growth isn't being fueled by bad debt.

http://www.bloomberg.com/news/artic...uffering-one-of-its-worst-droughts-in-decades


http://www.bbc.com/news/world-asia-india-36089377


This drought is among the biggest reasons why we only have 7-8% growth.

They are saying rural demand is up by 40% this year.



Look at the second graph, India's debt is with corporations and govt. Not with people.

Even when China was poorer than today's India, China had more debt. China's debt economy was built based on sustaining high growth in order to manage that debt, but that fell flat on the face due to the financial crisis. Look at the increase in debt after the financial crisis. Completely unsustainable.

Anybody with even little knowledge in economics will know that for a developing country to have debt equivalent to advanced economies is suicide.

Employment you mean unofficial sector with absurdly low salary?

A beggar on the street shouldn't compares with the richest Man ever!


For Greater China as a whole (without accounting for Macau) combined position surpasses US$ 3.82897 trillion, making her world's largest creditor nation.




India is a debtor nation, net IIP stood at US$ -353.1 billion at end 2016 Q2.
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38199



India lives by hot money and loans !!!

we should have a look at how a beggar lives on the street !!!

Yes, we are a creditor country.
Poor people on the street never borrow money.
They don't have assets, how to borrow?
lol.....
that man can really BS.

 

[randomradio]

India is a debtor nation, net IIP stood at US$ -353.1 billion at end 2016 Q2.
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38199



India lives by hot money and loans !!!

we should have a look at how a beggar lives on the street !!!




Also see below what happened !!!


Global Hunger Index: Welcome to India, world's hottest economy where 39% kids are stunted

http://www.firstpost.com/business/g...my-where-39-children-are-stunted-3046864.html












Hong Kong's Balance of Payments and International Investment Position statistics for second quarter of 2016 [22 Sep 2016]

HONG KONG SAR: At the end of the second quarter of 2016, Hong Kong's external financial assets and liabilities amounted to HK$ 34,269.5 billion and HK$ 25,619.8 billion respectively. After netting out the external financial liabilities from the external financial assets, Hong Kong was a net creditor. Hong Kong's net external financial assets amounted to HK$ 8,649.7 billion (at exchange of 7.76:1, equivalent to US$ 1.1114652 trillion) at the end of the second quarter of 2016, compared with HK$ 8,480.9 billion at the end of the first quarter of 2016.
http://www.censtatd.gov.hk/press_release/pressReleaseDetail.jsp?charsetID=1&pressRID=3884

Updates of World's Largest Creditor Nations

JAPAN: As per latest Ministry of Finance report, at the end of second quarter 2016, Japan's net IIP stood at yen 354,341 billion (at exchange of 103.64:1 equivalent to US$ 3.41896 trillion).
http://www.mof.go.jp/international_policy/reference/iip/201609a.pdf

GERMANY: As per latest Bundesbank report, at the end of second quarter 2016, Germany's net IIP stood at euro 1,548.1 billion (at exchange of 1:1.11, equivalent to US$ 1.718391 trillion).
http://www.bundesbank.de/Redaktion/...rmoegen_quartal.en.pdf?__blob=publicationFile

CHINA: As per SAFE, at the end if second quarter of 2016, China's net IIP stood at SDR 1,189.29 billion (equivalent to US$ 1.6636 trillion)
http://www.safe.gov.cn/wps/portal/english/Data/Investment

TAIWAN: As per latest CBC report, at end of 2015, Taiwan's Net International Investment Position stands at US$ 1.053905 trillion, an increase of US$ 117.299 billion from a year ago. CBC releases IIP data annually, no quarterly data available.
http://www.cbc.gov.tw/public/Data/661516275171.pdf

SWITZERLAND: As per Scheweizerische Natl Bank, stocks of foreign assets increased by CHF 71 billion to CHF 4,298 billion in the second quarter of 2016. Stocks of foreign liabilities also rose, by CHF 33 billion to CHF 3,541 billion, mainly due to transactions reported in the financial account. The net international investment position advanced by CHF 37 billion to CHF 757 billion (at exchange of 1:01, equivalent to US$ 764.57 billion).
https://snbchf.com/2016/09/swiss-balance-payments-investment-position-q2/

NORWAY: As per Statistisk sentralbyrå (SSB), net IIP standing in the second quarter of 2016 was NOK 5,963,974 million (at exchange of 8.19:1, equivalent to US$ 728.202 billion). The country has the highest IIP per capita in Europe.
http://www.ssb.no/en/nasjonalregnsk...eltall/economic-and-financial-data-for-norway

NETHERLANDS: As per De Nederlandsche Bank (DNB), net IIP in the second quarter of 2016 stood at euro 525,677 million (at exchange of 1:1.11, equivalent to US$ 583.5015 billion)
http://www.dnb.nl/en/statistics/sta...d-international-investment-position/index.jsp

SINGAPORE: As per Singstat.Gov.SG, net IIP in the second quarter of 2016 stood at S$ 802,584.7 million (at exchange of 1.39:1, equivalent to US$ 577.399 billion). Note, per capita basis, Singapore NIIP is the world's highest, along with Norway, Hong Kong.
http://www.singstat.gov.sg/methodologies-standards/data-dissemination-standard/national-summary-page

SAUDI ARABIA: The Saudi Arabian Monetary Agency reported net foreign assets of US$ 572 billion in end of May 2016, the lowest level in four years. The slump in crude prices has forced the government to sell bonds and draw on its currency reserves, still among the world’s largest. Net foreign assets fell by $115 billion last year, when the kingdom ran a budget deficit of nearly $100 billion.
http://www.bloomberg.com/news/artic...foreign-assets-fall-to-four-year-low-in-april
New Standing

Hong Kong has marginally overtaken Taiwan as world's 4th largest creditor by end Q2 2016, only trails Japan, Germany and China Mainland. However, note Taiwan's quarterly data are unavailable, hence the final ranking is yet to be confirmed at end 2016.

For Greater China as a whole (without accounting for Macau) combined position surpasses US$ 3.82897 trillion, making her world's largest creditor nation.

Haha. That's like comparing Usain Bolt's 100m freestyle with Michael Phelps's 100m dash.

And don't use Greater China. Taiwan makes the mainland look good.