USA vs China vs India: Everything Compared (1970-2017)

[Beidou2020]

Most of the smart Indians are living in the West.

All the dumb Indians are living in India bragging.

 

[beijingwalker]

Can't believe that in the mid 1980's India's total GDP was actually bigger than China's and per captia wise was much higher. What happened to India during the 1990's and 2000's? It seems that India's best time was in the 1970's and 1980's which their GDP was close or higher than China's.

 

[Mista]

Can't believe that in the mid 1980's India's total GDP was actually bigger than China's and per captia wise was much higher. What happened to India during the 1990's and 2000's? It seems that India's best time was in the 1970's and 1980's which their GDP was close or higher than China's.

China is already more advance than India in the 1980s as evidenced by life expectancy then.
India's GDP seem higher only because China devalued the RMB by more than 4x in 10 years; you can see in the video China's nominal GDP dropping despite growing at a rapid pace.

Dollar Yuan Exchange Rate - 35 Year Historical Chart

 

[rott]

Most of the smart Indians are living in the West.

All the dumb Indians are living in India bragging.

 

[Sanchez]

When China joined the WTO US says play by rules! Now US says it's not fair and wants to quit WTO. Frankly if we set a rule for a new trade system the winner would always be Chinese.

 

[Nan Yang]

When China joined the WTO US says play by rules! Now US says it's not fair and wants to quit WTO. Frankly if we set a rule for a new trade system the winner would always be Chinese.

Having China joining WTO was to benefit United States.

Quote
Embracing those sorts of economic liberties, Clinton argued, might one day lead the Communist Party to allow more political liberties as well. “By joining the WTO, China is not simply agreeing to import more of our products; it is agreeing to import one of democracy’s most cherished values: economic freedom,” the president said in a March 2000 speech.

“This is a good day for America,” Clinton said afterward. “In 10 years from now we will look back on this day and be glad we did this. We will see that we have given ourselves a chance to build the kind of future we want.”

Clinton, for his part, argued the U.S. was essentially getting something for nothing. “Economically, this agreement is the equivalent of a one-way street,” he said in March 2000. “It requires China to open its markets—with a fifth of the world’s population, potentially the biggest markets in the world—to both our products and services in unprecedented new ways. All we do is to agree to maintain the present access which China enjoys.”
End Quote

Source
https://slate.com/business/2016/09/...d-the-chinese-economy-and-roused-a-giant.html

 

[Sanchez]

Having China joining WTO was to benefit United States.

Quote
Embracing those sorts of economic liberties, Clinton argued, might one day lead the Communist Party to allow more political liberties as well. “By joining the WTO, China is not simply agreeing to import more of our products; it is agreeing to import one of democracy’s most cherished values: economic freedom,” the president said in a March 2000 speech.

“This is a good day for America,” Clinton said afterward. “In 10 years from now we will look back on this day and be glad we did this. We will see that we have given ourselves a chance to build the kind of future we want.”

End Quote

Source
https://slate.com/business/2016/09/...d-the-chinese-economy-and-roused-a-giant.html

They think that we will always be making cheap toys, shoes and socks for the Americans. We do have an economic freedom now in China.

 

[Beidou2020]

They think that we will always be making cheap toys, shoes and socks for the Americans. We do have an economic freedom now in China.

Americans thought China would be making cheap goods to export to the American market and when Chinese got richer, they would buy American brands.

They never thought China could have Chinese brands for each industry and be a high-tech country that will challenge American brands not just in China but around the world.

Huawei is the best example. The US is shocked at the ‘China speed’ of development. They can’t comprehend how fast China has caught up and even surpassed in some areas already.

 

[Pakistansdefender]

India shupa powa...
Who made this effing video.
When usa and China were not even countries , Indians were making space shuttles and invented plastic surgery and what not..
Whi developed the Internet. I bet you guys didn't know. It was India way way back when these fake powers like USA, China and Russia even existed.

 

[Jlaw]

It's not about the WTO. It's all about how you join the WTO.
For eg: You'd say, "It's not about how fast you drive, it's about how you drive fast."

Just like school. Not every graduate from Waterloo is going to make a lot of money

 

[TaiShang]

They think that we will always be making cheap toys, shoes and socks for the Americans. We do have an economic freedom now in China.

Americans thought China would be making cheap goods to export to the American market and when Chinese got richer, they would buy American brands.

They never thought China could have Chinese brands for each industry and be a high-tech country that will challenge American brands not just in China but around the world.

Huawei is the best example. The US is shocked at the ‘China speed’ of development. They can’t comprehend how fast China has caught up and even surpassed in some areas already.

Very well said.

If China was still making and exporting plastic toys and kitchen utensils with low value added, the US would not mind a 500 billion USD trade deficit.

What they are against is China's qualitative growth in technology and the increasing share of value-added items in its exports, directly challenging and often beating US equivalent in competition.

Besides, the US hoped China to be (as they academically sugar-wrapped) socialized into the world system, and become politically subjugated to the US.

If that were the case, the US would not even mind China to become a South Korea.

But, all the neo-fascist predictions of China being educated into the Western supremacy have failed. They, to their own fear, eventually noticed that China was a system in itself, representing something more comprehensive that their simple mind could not grasp.

Then we began to see the funny transition from free trade rhetoric to fair trade one.

 

[the_messenger]

The thing with China is they were intentionally reported their GDP lower than reality to the point that the economy with only 65% that of the US can actually have the consuming market bigger than the US.
More riduculously that the consuming contributing to the whole gdp pecentage is lower than the US.
So that when the US decided to wage a trade war , they found out they are not fighting a smaller economy , but a far bigger one.

 

[Kai Liu]

Something is wrong here. India's GDP is always lower than China's through out modern history:
https://en.wikipedia.org/wiki/List_of_countries_by_past_and_projected_GDP_(nominal)