Chinese Economics Thread

[Biscuits]

I actually live in China half the year so my money is where my mouth is at.

Do you believe the Indian economy at 15 trillion USD?

Yes, if India is correctly reporting their numbers. (which doubts can be cast on, but for the sake of conversation I'll just assume they're truthful)

Not all gdp is created equal. You can have tons of useless gdp that doesn't translate to richer people or a more productive country.

India has the richest oligarchs in Asia. They are not poor when it comes to accumulating empty interest on assets they can't use. Their poverty comes from a low median income and low social development. Both of which are only tangentially measured by gdp.

 

[styx]

how many cars are sold in china in 2024? How many in usa? In my opinion this value measure better the economy of a nation than nominal gdp.

Comparison Between China and the USA​

1. Market Size: China sold over 26 million cars, while the USA reached 15.95 million units, confirming China as the largest market .
2. EV Penetration: China has a much higher EV market share (35-40%) compared to the USA (10-15%), thanks to aggressive government policies and strong domestic demand .
3. Exports: China exported over 5.3 million vehicles, while the USA remained a predominantly domestic market, with few significant exports .
4. Top Brands: BYD dominates the Chinese market, while Toyota leads in the USA. Both markets see a strong presence of local brands .

 

[GiantPanda]

Yes, if India is correctly reporting their numbers. (which doubts can be cast on, but for the sake of conversation I'll just assume they're truthful)

Not all gdp is created equal. You can have tons of useless gdp that doesn't translate to richer people or a more productive country.

India has the richest oligarchs in Asia. They are not poor when it comes to accumulating empty interest on assets they can't use. Their poverty comes from a low median income and low social development. Both of which are only tangentially measured by gdp.

India's electricity demand is a fifth of China's and 40% of the US. India's car sales is a seventh of China's and a third of the US.

India's real economy is far smaller than what is reported.

 

[GiantPanda]

how many cars are sold in china in 2024? How many in usa? In my opinion this value measure better the economy of a nation than nominal gdp.

Comparison Between China and the USA​

1. Market Size: China sold over 26 million cars, while the USA reached 15.95 million units, confirming China as the largest market .
2. EV Penetration: China has a much higher EV market share (35-40%) compared to the USA (10-15%), thanks to aggressive government policies and strong domestic demand .
3. Exports: China exported over 5.3 million vehicles, while the USA remained a predominantly domestic market, with few significant exports .
4. Top Brands: BYD dominates the Chinese market, while Toyota leads in the USA. Both markets see a strong presence of local brands .

This is replicated across every major consumer product from cellphone to HDTV. Some with far higher ratios than cars.

What's more China is doing this at an early stage in development. This is a middle income nation consuming at multiples of the US economy.

India, on the other hand, consumes at a minor faction of the US despite a larger population than China.

 

[styx]

I think Trump is somewhat interested in creating a kind of economic Yalta with China. He's rough, but he's intuitive. He understands that with such a superpower, not even America stands a chance, so it's better to "divide the world" than to try to preserve the existing hegemonic order.

 

[styx]

This is replicated across every major consumer product from cellphone to HDTV. Some with far higher ratios than cars.

What's more China is doing this at an early stage in development. This is a middle income nation consuming at multiples of the US economy.

India, on the other hand, consumes at a minor faction of the US despite a larger population than China.

In the event of war with America and therefore a national emergency, those manufacturing capabilities would end up fueling the war effort, literally overwhelming the USA in a worse way than what was done to Germany and Japan in 1945. You don't need a degree in economics to understand that. With Russia on our side, supplying raw materials and energy through highly secure land routes, militarily defeating America seems like child's play to me.

 

[doggydogdo]

how many cars are sold in china in 2024? How many in usa? In my opinion this value measure better the economy of a nation than nominal gdp.

Comparison Between China and the USA​

1. Market Size: China sold over 26 million cars, while the USA reached 15.95 million units, confirming China as the largest market .
2. EV Penetration: China has a much higher EV market share (35-40%) compared to the USA (10-15%), thanks to aggressive government policies and strong domestic demand .
3. Exports: China exported over 5.3 million vehicles, while the USA remained a predominantly domestic market, with few significant exports .
4. Top Brands: BYD dominates the Chinese market, while Toyota leads in the USA. Both markets see a strong presence of local brands .

Not quite, since China has good public transport unlike US so they aren't forced to buy cars to go to work.

 

[abenomics12345]

Not all gdp is created equal. You can have tons of useless gdp that doesn't translate to richer people or a more productive country.

India's real economy is far smaller than what is reported.

There is a general conflation between the term 'GDP' with 'national power' on this forum. Frequently, you people mistake the latter as a representation of the former.

 

[lube]

There is a general conflation between the term 'GDP' with 'national power' on this forum. Frequently, you people mistake the latter as a representation of the former.

Country to Country GDP comparisons are literally two abstract values that roughly correlates with national power....
That's how most people use those numbers unless you're a specific kind of economic wonk.

GDP comparisons are best used for comparing a country's own economic performance between two close dates with the assumption there's been no drastic structural changes in between. So even then it's a bit flawed.

 

[abenomics12345]

Country to Country GDP comparisons are literally two abstract values that roughly correlates with national power....

Yeah tell that to the people who believe that India and the US have 'fake GDP' while China has been 'hiding GDP'