Chinese Economics Thread

Index

Junior Member
Registered Member
My premise is: benefit of hiding strength > benefit of intimidating reputation: therefore hiding #1 economy status works well.
I don't think they are hiding it, you can see it anywhere even on western internet just by searching.

China could actually further hide it by cooking the gdp adjustment coefficient even more, but they're not doing that, it's past the point where it's worth masking anymore, they can't hide the no1 status anymore than you can hide the average trump voter behind a lamp post. Just like with the lamp post, by trying to do so would only invite additional scrutiny and even ridicule.

So they embraced it for investors, economic partnerships etc but they don't rub it in the face of the west constantly because honestly what point does it serve? As someone else wrote above, when the Qing and British fought, Qing had no1 gdp.

The battlefield is a contest of industry and true prosperity. Gdp only tangentially measures that. US was so threatened by much smaller USSR because USSR invested efficiently in many fields while US didn't. USSR was not cowed if US had shouted they have no1 gdp all day, and neither will US be cowed by China shouting it.
 

azn_cyniq

Junior Member
Registered Member
GDP per capita is a metric, not a goal. It is usually correlated with physical production but recently we've seen a decoupling of GDP from physical metrics of the economy.

So let's see where India's physical economy is.

Science:

In 2016, India had 1/8 China's score.

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In 2024, India had 1/15 China's score.

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Life expectancy:

Gap increased from a consistent ~9 years since the 1960's to 11 years in 2022.

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Food security:

India is one of the world's largest food exporters even as 190 million Indians starve.

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Average Indian eats less calories than Nigerians.

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Meanwhile average Chinese eats more protein than even Americans despite eating only half the meat. Both nutrition and health are taken care of.

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Education:

Only 1/2 of all Indian students can read at grade 2 level - in grade 5.

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India PISA rank was rock bottom.

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Is India really catching up?
China's August 2024 exports increased by 8.7% year-on-year to $308.65 billion.
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Taiwan's August 2024 exports increased by 16.8% year-on-year to $43.6 billion.
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India's August 2024 exports decreased by 9.3% year-on-year to $34.71 billion.
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India still hasn't caught up to Taiwan in exports lol
 

Index

Junior Member
Registered Member
China's August 2024 exports increased by 8.7% year-on-year to $308.65 billion.
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Taiwan's August 2024 exports increased by 16.8% year-on-year to $43.6 billion.
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India's August 2024 exports decreased by 9.3% year-on-year to $34.71 billion.
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India still hasn't caught up to Taiwan in exports lol
India's economic fradulance needs to be more clearly studied. They claim to have larger economy than Russia, but what economic activity you see from India is, as you say, struggling to keep up with Taiwan, let alone the powerhouses like Guangdong or Zhejiang.

So wtf is going on? Too much population generating gdp just by doing basic subsistence tasks? Fake numbers from the government?
 

FairAndUnbiased

Brigadier
Registered Member
India's economic fradulance needs to be more clearly studied. They claim to have larger economy than Russia, but what economic activity you see from India is, as you say, struggling to keep up with Taiwan, let alone the powerhouses like Guangdong or Zhejiang.

So wtf is going on? Too much population generating gdp just by doing basic subsistence tasks? Fake numbers from the government?
yep there is a GDP floor that is generated by sustenance farming. India is quite close to it.
 

SanWenYu

Captain
Registered Member
China not taking those risks (there is none BTW) is what have led to Western countries ignoring its sensibilities. There are literally no consequences for ignoring China or tariffing it.
Taking risk is different than taking risk without calculating the return.

China did fight back the Trump tariffs with tariffs. China has also started the due processes on tariffing some imports from Canada and Europe for retaliation.

If there was no consequences, the west would have cut China out of their supply chains already.

If you have missed, they are literally walling off the developed world against Chinese high-tech goods.
The developed world as a market has been a walled off garden to the developing world for long. That garden used to be protected by technology superiority and non-trade barriers. Hiking up tariffs is just one of their last defence.

It may cost China a trillion USD in export revenues in future. China on the other hand is hesitant to export control raw materials.

This does not make sense. The American companies are losing market shares to Chinese domestic suppliers in semiconductor because the US stops export of semiconductor products to China. How would China be able to gain market shares by limiting export of raw materials to the west?

If it was a trillion USD at the stake, do you seriously believe that gallium or any of the raw materials would be sufficient to beat the west to submission?
 
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