China Economy: News & Discussion

[ym888]

Falling household savings a risk to India’s world-beating growth

Indian households' net financial savings have decreased, posing a threat to the government's capital investments. This decline in savings limits resources for the rest of the economy and could require the government to rely on volatile foreign capital. Rising debt levels and stagnant income...

economictimes.indiatimes.com

 

[ym888]

The tumble in India’s savings rate needs to be reversed

We need the old formula of fiscal discipline, an inflation vigil, sensible lending and overall macro stability

www.livemint.com

 

[vin bharat mahan]

The tumble in India’s savings rate needs to be reversed

We need the old formula of fiscal discipline, an inflation vigil, sensible lending and overall macro stability

www.livemint.com

boring....same story again nd again. well these lines in article said "matter of concern". not like chinese, european nd american etc level of disaster i guess

 

[Azaad]

The tumble in India’s savings rate needs to be reversed

We need the old formula of fiscal discipline, an inflation vigil, sensible lending and overall macro stability

www.livemint.com

We need to thank the Wuhan virus for that . 2 years of partial & complete lockdowns totally wrecked the economy & depleted household savings. But we've bounced back . Check those figures in a few years & you'd see a remarkable growth in household savings.

 

[vin bharat mahan]

The tumble in India’s savings rate needs to be reversed

We need the old formula of fiscal discipline, an inflation vigil, sensible lending and overall macro stability

www.livemint.com

india external debt is 600 billion dollar approx....unlike other top 10 economy, who hv trillions dollars external debt. so we hv no problem to take more debt from different sources, we r at comfortable zone compair to other major countries. we r fastest growing country with increasing middle class. who dont want to put their money on india? everybody wants better ROI. u should worry about other countries more.

 

[ym888]

Due to stagnant income levels, 74% in India can’t afford a healthy diet: UN agency report | Data

India's cost of a healthy diet is lowest among BRICS and neighbours, but 74% of population unable to afford it. The cost has risen 9% in Asia since 2019, while the number of people unable to afford it has increased by 92% worldwide. South Asia has the highest number and share of people unable to...

www.thehindu.com

 

[Azaad]

Due to stagnant income levels, 74% in India can’t afford a healthy diet: UN agency report | Data

India's cost of a healthy diet is lowest among BRICS and neighbours, but 74% of population unable to afford it. The cost has risen 9% in Asia since 2019, while the number of people unable to afford it has increased by 92% worldwide. South Asia has the highest number and share of people unable to...

www.thehindu.com

Pls find a list of the Indian version of Hanjian , all duly backed by CCP & / or western sources like George Soros & others from which to quote from to make your day :

1.) Caravan
2.) The Hindu
3.) The Wire
4.) Frontline
5.) News Laundry
6.) Alt News
7.) The Quint
8.) The News Minute

I'd add to the list when I recall other such media houses.

Meanwhile on topic , the article takes a sample study of Mumbai the most expensive metropolis in the country & extrapolates it to the rest of India . This is like taking the data for Shanghai or Guangdong & extrapolating the cost of living there to the rest of China.

For your information , nearly 50% of India's population are sustinence level farmers who make not make much out of their produce by way of sales but produce enough to last them a year . Plus there's a thriving barter market in rural India too. But you won't see media like Bloomberg or The Hindu report it for it doesn't suit their & your agenda

 

[vin bharat mahan]

Due to stagnant income levels, 74% in India can’t afford a healthy diet: UN agency report | Data

India's cost of a healthy diet is lowest among BRICS and neighbours, but 74% of population unable to afford it. The cost has risen 9% in Asia since 2019, while the number of people unable to afford it has increased by 92% worldwide. South Asia has the highest number and share of people unable to...

www.thehindu.com

first tell what is healthy food. do u include rice in healthy food?? or burger, noodles, meat, wine etc in healthy food?? than i think most chinese eat it on regular basis. show me data of chinese people, which healthy food they r eating. how much of it comes from organic method.

 

[RoaringTigerHiddenDragon]

Pls find a list of the Indian version of Hanjian , all duly backed by CCP & / or western sources like George Soros & others from which to quote from to make your day :

1.) Caravan
2.) The Hindu
3.) The Wire
4.) Frontline
5.) News Laundry
6.) Alt News
7.) The Quint
8.) The News Minute

I'd add to the list when I recall other such media houses.

Meanwhile on topic , the article takes a sample study of Mumbai the most expensive metropolis in the country & extrapolates it to the rest of India . This is like taking the data for Shanghai or Guangdong & extrapolating the cost of living there to the rest of China.

For your information , nearly 50% of India's population are sustinence level farmers who make not make much out of their produce by way of sales but produce enough to last them a year . Plus there's a thriving barter market in rural India too. But you won't see media like Bloomberg or The Hindu report it for it doesn't suit their & your agenda

Now that “hunger“ and “poverty” no longer get the attention in India, the agenda news has shifted to “healthy diet”. Once that no longer gets attention, they will shift to something else like Dalits are not becoming CEOs. These agenda news are all funded by alt left groups like Soros Foundation which have actually done nothing to promote more equitable development.

 

[srevster]

Now that “hunger“ and “poverty” no longer get the attention in India, the agenda news has shifted to “healthy diet”. Once that no longer gets attention, they will shift to something else like Dalits are not becoming CEOs. These agenda news are all funded by alt left groups like Soros Foundation which have actually done nothing to promote more equitable development.

We need Indians to act woke, infiltrate these organizations and make them useless.

 

[RoaringTigerHiddenDragon]

We need Indians to act woke, infiltrate these organizations and make them useless

Start with Global “hunger” index NGOs. They are certainly being financed by agenda groups. Some has to do an investigative journalism on them and expose the actors behind them. Pretty sure all sorts of alt left money is involved. Even the global food industry could be behind it so Indians switch their diet to what these MNCs make and sell. They maybe deliberately labeling the Indian diet as the reason for stunting, wasting etc even though there is absolutely no evidence for any of it. They also refuse to use the most reliable stunting/wasting data from Poshaan Abhiyaan, clearly indicating that there is a big conspiracy behind this whole GHI meme index to force india to do something that favors some big interest groups. The government needs to expose these NGOs behind GHI and completely discredit them.

 

[SexyChineseLady]

Autos is the largest industry in the world. You cannot find a bigger economic driver.

 

[Azaad]

Autos is the largest industry in the world. You cannot find a bigger economic driver.

View attachment 227603

Actually it reveals the poverty of your intelligence. How many vehicles of 1 million USD are sold worldwide vis a vis properties worth 1 million USD ? Figure it out & you'd have your answer.

 

[SexyChineseLady]

Actually it reveals the poverty of your intelligence. How many vehicles of 1 million USD are sold worldwide vis a vis properties worth 1 million USD ? Figure it out & you'd have your answer.

Most $1M homes sold are pre-existing not newly built

Also Real Estate is not an industrial sector though Construction equipment is.

This is the most important story of the future Chinese economy. It is pivoting from RE to pop a bubble. Evergrande and other builders are in trouble because of rules the Chinese government put in place in 2020 limiting the amount of debt they can incur.

And they are deliberately starved of funds so money can go into industry -- cars, ships, aircraft, spacecraft, semiconductors, electronics

 

[ym888]

China was top finished steel exporter to India in April-Sept: Govt Data

Provisional data as provided by the Government of India showed that China emerged as the top exporter of finished steel to India. India imported 2.9 million tonnes of completed steel from April to September, a 13.4% increase from the same period last year. The exported products to India include...

economictimes.indiatimes.com

 

[rockdog]

 

[Azaad]

Most $1M homes sold are pre-existing not newly built

Also Real Estate is not an industrial sector though Construction equipment is.

This is the most important story of the future Chinese economy. It is pivoting from RE to pop a bubble. Evergrande and other builders are in trouble because of rules the Chinese government put in place in 2020 limiting the amount of debt they can incur.

And they are deliberately starved of funds so money can go into industry -- cars, ships, aircraft, spacecraft, semiconductors, electronics


View attachment 227607

Obviously I'm not referring to resale but newly constructed properties. Why is that so hard to understand ? Or is it your contention that just because Chinese realty is in the dumps along with prolonged deflation , the realty markets the world over is in the dumps too. Moreover the 1 million USD analogy was cited to highlight that the number of NEW 1 million USD properties being developed is definitely x times more than a similarly priced automobile .

Then there are different segments of the realty markets to be considered - budget housing , government housing schemes , semi luxury appartments etc . Moreover your own statistics have claimed realty & other construction to be ~ 30% of your GDP. I've never seen the automotive market be even a Third of those figures. Since you're so fond of copy paste statistics you could probably provide us with relevant information to prove me wrong.

Chinese government is not bailing out the real estate sector because the CCP doesn't have enough cash to spare , caught as they are in a bubble of their own making. Multiple videos & articles have been linked here to show how the local governments in order to boost it's revenues floated finance companies which in turn borrowed from banks & lent to the real estate sector who in turn went on a building spree.

Now that the market has crashed , inventories have piled up , existing projects have been halted , fresh projects abandoned & real estate companies have been declaring bankruptcies left right & centre threatening to take down banks & local governments with them , the central government has thrown up its hands , local governments are broke , banks are going under , CCP slaves aren't investing in realty at all & what's more they're refusing to service their mortgages . Time travel back to all such posts linked here by Indian members in the past 4-5 months.

Those other sectors you've named were already receiving funds in the past along with the real estate sector. It was never a case of either / or as you're trying to portray it now .

Try coming up with better excuses. I doubt these tiresome explanations you're giving here would even pass muster in discussion boards in weibo.

 

[Azaad]

Does this mean the US has lifted its ban on Chinese EVs ?

 

[rockdog]

Obviously I'm not referring to resale but newly constructed properties. Why is that so hard to understand ? Or is it your contention that just because Chinese realty is in the dumps along with prolonged deflation , the realty markets the world over is in the dumps too. Moreover the 1 million USD analogy was cited to highlight that the number of NEW 1 million USD properties being developed is definitely x times more than a similarly priced automobile .

Then there are different segments of the realty markets to be considered - budget housing , government housing schemes , semi luxury appartments etc . Moreover your own statistics have claimed realty & other construction to be ~ 30% of your GDP. I've never seen the automotive market be even a Third of those figures. Since you're so fond of copy paste statistics you could probably provide us with relevant information to prove me wrong.

Chinese government is not bailing out the real estate sector because the CCP doesn't have enough cash to spare , caught as they are in a bubble of their own making. Multiple videos & articles have been linked here to show how the local governments in order to boost it's revenues floated finance companies which in turn borrowed from banks & lent to the real estate sector who in turn went on a building spree.

Now that the market has crashed , inventories have piled up , existing projects have been halted , fresh projects abandoned & real estate companies have been declaring bankruptcies left right & centre threatening to take down banks & local governments with them , the central government has thrown up its hands , local governments are broke , banks are going under , CCP slaves aren't investing in realty at all & what's more they're refusing to service their mortgages . Time travel back to all such posts linked here by Indian members in the past 4-5 months.

Those other sectors you've named were already receiving funds in the past along with the real estate sector. It was never a case of either / or as you're trying to portray it now .

Try coming up with better excuses. I doubt these tiresome explanations you're giving here would even pass muster in discussion boards in weibo.

Some information like to share:

1. Most SOE in real estate is still in operation, they are more conservertive on growth, not as crazy as private companies

2. China made "three red lines" for real estate industry from 2019, China killed those crazy companies on purpose.

3. Chinese government till now didn't make any big stimulate package, it's not out of cash in fact Chinese government is the richest in the world. They don't pay 1T USD as interest like US.

The government believe the economy would back to good growth rate by its own, it already shows the trend from Q3.

4. Chinese real estate GDP is lower than USA.

5. Most Chinese house, must be 30% initial payment not many speculations, so the crisis is manage-able, not like USA in 2008, there are very little derivatives, most buyers are true family for their 1st, 2nd house.

6. Except Beijing, Shanghai, Guangzhou, Shenzhen. House price in big cities are 8000RMB - 20000RMB/m2 ($1400-3000). It's pretty stable now, considering normal working people's salary is 6000-15000RMB ($800-2000), it's a good pricing. That's why recently, the tourism, restaurant, EVs sales are booming, young people don't need to pay 50% of salary just for buying apartment.

7. After stablized the real estate, now China is shifting into new growth engine. The EV, new engery, AI, indigenized chip are driving the growth now.


"China's down is India's gain", it's the mindset from day 1 when this thread created, I understand.

 

[rockdog]

Does this mean the US has lifted its ban on Chinese EVs ?

There are lots of cooperations on supply chain level of EVs, but USA is still the most protected nation on brand wise.

6% of California GDP comes from export to China, the governor of CA maybe just show kindness to China for more orders from China.

Chinese government has good relations on state level of USA, heard this is the new trend since the top government of USA is alway unpredictable.