India Inc will never catch up with China

[J20!]

Govt has raised the debt ceiling and default was planned last summer. To
get the biggest bang for the buck if China is buying more; why not let China be
fully loaded before defaulting ,especially with US in recession and alternative
manufacturing countries are being chosen.

There's no way the US would default on its debt without hitting it's largest debt holder: the US public.

And even if they decided to just bite that bullet, what about Japan, the second largest foreign holder of US debt? Will the US destroy both its own economy and the economy of its closest pacific ally? All just to spite China?

Apparently our "world famous economist" doesn't know that China isn't America's largest debt holder!!!! Hahahaha! The things we read on DFI!

 

[Ray]

The things we read on DFI!

Correct.

Fantasies purveyed as knowledge by some committed foreign posters, right?

 

[huaxia rox]

so basically the debate can be boiled to these:

1 if india is having some 7 trillion$ stashed black money in siwiss bank....

2 if mainland chinas 1 trillion $ US debt is just gabage....

i say even both of the 2 r ture (people with a healthy brain all know if they r ture though).......considering the nominal GDP in $ term of each country prc can simply fill the gap of creating more wealth than india in merely 2 years......so what brownie point all my indian friends here r trying to score??? no point at all......

 

[nimo_cn]

so basically the debate can be boiled to these:

1 if india is having some 7 trillion$ stashed black money in siwiss bank....

2 if mainland chinas 1 trillion $ US debt is just gabage....

i say even both of the 2 r ture (people with a healthy brain all know if they r ture though).......considering the nominal GDP in $ term of each country prc can simply fill the gap of creating more wealth than india in merely 2 years......so what brownie point all my indian friends here r trying to score??? no point at all......

Don't know how you think of it, but I do hope the black money in swiss banks is a real story.