China Economy: News & Discussion

[srevster]

Look at how poor China is:

 

[rockdog]

Look at how poor China is:

View attachment 197334

producer != consumer

 

[Vinash]

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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What 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?

 

[SexyChineseLady]

MI Home in China reaches 10000, and 500 stores in India.

百度安全验证

baijiahao.baidu.com

小米之家全国门店数超过500家，雷军吹的这个牛要提前变为现实

小米之家全国门店数超过500家，雷军吹的这个牛要提前变为现实

www.360doc.com

And China is in a trade war with the US!

This is just the huge amount of discretionary income in China. A small percentage of it overwhelms the amount that India can possibly support.

Australia has a population of 25M but Starbucks still had revenues of over $90M which not far off from India's $121M.

China is mainly a tea culture but income is so high that even a small percentage of drinkers will crush Australia's total many times over:

Will Chinese tea drinkers buy coffee? Starbucks is counting on it.

Starbucks announced Wednesday that it will double its presence in China by opening 5,000 stores across the mainland by 2021.

www.csmonitor.com

It is a matter of income not just taste.

 

[Concard]

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.

"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.

 

[srevster]

Look at how poor China is:

Look at how poor China is:

 

[srevster]

What 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?

KFC is not something to be proud of, haha

 

[Vinash]

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.

Indians typically are a stingy bunch. We value bang for buck.

All I'm seeing from your boasts is that Chinese people are a highly materialistic people who'll pay 10x for showing off without caring about actual value.

 

[rockdog]

Look at how poor China is :

View attachment 197333

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.

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

 

[SexyChineseLady]

"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.

I think people who insist on bringing in Indian economic stats in the Chinese economy thread are very foolish

For example, 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 than 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:

It is not taste (or need in the case of air conditioning) but the issue of wealth and income.

 

[srevster]

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.

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

Food shortages! https://www.bbc.com/news/world-asia-china-53761295.amp

 

[srevster]

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:

View attachment 197338

 

[rockdog]

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:

View attachment 197338

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.

 

[srevster]

 

[srevster]

 

[srevster]

 

[srevster]

 

[rockdog]

Food shortages! https://www.bbc.com/news/world-asia-china-53761295.amp

Insinde article, it mentioned mainly on food waste and food security...

 

[SexyChineseLady]

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.

True!

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!

 

[srevster]

True!

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!

Looks like a sweatshop