producer != consumer
What a weird stat to pick.KFC has revenue of over $7B in China. In India, they make $121M after a record-breaking year
KFC's Chinese market is about 58 times that of India. This is indicative of many international chains from KFC to Starbucks to McDonalds (I chose KFC instead of McDonald's to eliminate cultural prefences over hamburgers.)
China is supposedly only five times size of India by nominal GDP accounting but Chinese consumes immensely more of everything. Far more than the multiple of five despite having the same population.
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And China is in a trade war with the US!
"Anyways, KFC, Starbucks and turbofans (and HSR and EVs and semicons and Pizza Huts and $2000 handbags ...) are just some of many many many areas that show huge discrepancies between India and China even though both have the same population."Chai is tea? China mainly prefers chai too! Chinese phonetic for tea is cha.
Australia has a population less than Delhi
Anyways, KFC, Starbucks and turbofans (and HSR and EVs and semicons and Pizza Huts and $2000 handbags ...) are just some of many many many areas that show huge discrepancies between India and China even though both have the same population.
KFC is not something to be proud of, hahaWhat a weird stat to pick.
First of all, KFC Chicken sucks. It tastes like Shit. I prefer homemade Chicken with spices anyday of the week over KFC's dry Chicken.
KFC, McDonalds, Starbucks etc are overpriced shit.
Is the Chinese cuisine so disgusting that they think KFC as good food?
Indians typically are a stingy bunch. We value bang for buck.Chai is tea? China mainly prefers chai too! Chinese phonetic for tea is cha.
Australia has a population less than Delhi
Anyways, KFC, Starbucks and turbofans (and HSR and EVs and semicons and Pizza Huts and $2000 handbags ...) are just some of many many many areas that show huge discrepancies between India and China even though both have the same population.
China was by far the world's leading agricultural producer with 2020 annual output valued at $1.56 trillion, $1.5 trillion of which was food, according to the Food and Agriculture Organization (FAO) of the United Nations.
"Anyways, KFC, Starbucks and turbofans (and HSR and EVs and semicons and Pizza Huts and $2000 handbags ...) are just some of many many many areas that show huge discrepancies between India and China even though both have the same population."
And just with that one sentence you also showed your IQ. Comparing Pizza Huts, KFC, Starbucks between 2 nations of same population yields amazing insights into economic disparity? Can you enlighten me what have you studied? Are you working for CCP?
I will get you a subscription on Coursera, Udemy or any online course to get some basic education on statistics. You seem to be someone who doesn't understand simple difference between Median and Average.
Food shortages! https://www.bbc.com/news/world-asia-china-53761295.ampChina was by far the world's leading agricultural producer with 2020 annual output valued at $1.56 trillion, $1.5 trillion of which was food, according to the Food and Agriculture Organization (FAO) of the United Nations.
A key factor was China's status as the world's most populous country with a population of 1.45 billion as of 2022, slightly ahead of India's 1.41 billion.34
China has only 10% of the world's arable land yet produces a quarter of the global grain output and leads the planet in the production of cereals, cotton, fruit, vegetables, meat, poultry, eggs, and fishery products, according to FAO.5 While much of China's territory is too mountainous or too arid for farming, the rich soils of its eastern and southern regions are extremely productive.6
In 2019, China surpassed the U.S. and the E.U. to become the world's leading importer of agricultural products, with imports valued at $133.1 billion. Imports growth has been driven by land-intensive crops like soybeans, sorghum, and cotton, as well as meat, dairy, fruit, and vegetables as a result of rising consumer demand. 9
4 Countries That Produce the Most Food
Learn about the world's four largest food producers—China, India, the United States, and Brazil—and what sets them apart from the rest of the world.www.investopedia.com
I think people who insist on bringing in Indian economic stats in the Chinese economy thread are very foolish
India is a very hot subtropical nation. China is temperate nation with four seasons and bitterly cold winters in the northern half.
Yet, China buys many times the number of air conditioners in the rest of Asia -- India is just one of many anonymous countries who together can only afford a small faction of what China could buy:
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I remember Lee Kuan Yew once said if a tropical area nation wants to get developed, the first thing is to create a fully AC covered society, since there is no productivity under 35C degree.I think people who insist on bringing in Indian economic stats in the Chinese economy thread are very foolish
India is a very hot subtropical nation. China is temperate nation with four seasons and bitterly cold winters in the northern half.
Yet, China buys many times the number of air conditioners in the rest of Asia -- India is just one of many anonymous countries who together can only afford a small faction of what China could buy:
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Insinde article, it mentioned mainly on food waste and food security...
True!I heard Lee Kuan Yew said if a tropical area nation wants to get developed, the first thing is to create a full AC covered society, since there is no productivity under 35C degree.
Looks like a sweatshopTrue!
A lot of neighborhoods and gated communities in subtropical Hong Kong and Guangzhou are connected by AC crosswalks to malls and shopping centers. You could go weeks without leaving AC areas!
Guangzhou subway malls!