Ha ha ha what a retarded post. Of course India does care about debt and hence GoI is careful about splurging on projects that have high capital costs. They want to see ROI on such projects.
I don't know where you got the figures from. I notice that you don't post links but only pictures. I did my own google search and it says that China's debt to GDP ratio is not 50% but much higher. In fact it is around 62.4% while India is 52%. You can check it here: https://www.worldeconomics.com/Debt/China.aspxChina has an extremely low debt ratio so it is able to afford the hyperloop and other cutting edge things like maybe eventual space corridor to the moon
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Well if Soviets can do passenger planes, I am not surprised that China could do it. Both have a common need “free of American hegemony “. Lol. Predictable commies. What they don’t say is all critical components are western including the aircraft engines, which is like 40-50% the value of a plane.
See article I shared earlier. Illiterate CCP trolls don’t understand that the debt is hidden in local governments books and shady accounting practices. if the Chinese counterfeit process can take down a company like Amazon, we can say that lying, stealing, cheating is there in every single chinese citizen now. Lack of spirituality, ethics, morals and constant focus on showing off and generating money by any means has turned the average Chinese into a soulless abomination capable of doing anything for that extra 50 cents. It is all such a sad state.I don't know where you got the figures from. I notice that you don't post links but only pictures. I did my own google search and it says that China's debt to GDP ratio is not 50% but much higher. In fact it is around 62.4% while India is 52%. You can check it here: https://www.worldeconomics.com/Debt/China.aspx
Other sources say it is actually 3 times the GDP. https://asia.nikkei.com/Business/Ma...-s-debt-ratio-hits-record-high-at-3-times-GDP
China's debt problem
A look at China's debt as a percentage of GDP since 2006.fingfx.thomsonreuters.com
So I don't know where you got your data but I am pretty sure it ain't legit.
For that length I'm happy we built the RRTS system. Will be operational in a few weeks.If this is anything like the Cambodia deal, Indonesia is going to be in crap load of trouble. Debt trap, poor safety - 2 engineers already killed during trials in Indonesia.
“The safety of the high-speed rail system has also recently become a public concern. In December 2022, two Chinese workers were killed and at least four seriously injured when a locomotive derailed at a construction site.” Lol.
Indonesia Stuck With China's High-Speed Train Project
Cost overruns rise question whether project is viablewww.asiasentinel.com
And it is only for 150kms. Who builds a HSR for 150kms? Jokowi has put his country in debt trap mode.
Exactly HSR for such a short distance - has zero advantages over a semi HSR, which costs a lot less. A semi HSR would have been more than sufficient. I am surprised even Indonesia got suckered into the Chinese debt trap. I am sure there is corruption involved at the highest levels.
The main problem Chinese face is that only 1/3rd of their economy is from domestic consumption. 2/3rd came from export led growth. Now that the export led growth has declined, the domestic consumptions has not supported the gap. This means an overall decline in everything. Also, the demographic dividend is all gone as in just 1 decade Chinese workers median age has become 39, whereas we are 12 years younger at 27. One child policy, over reliance on export led growth, unsustainable debt fueled growth, vanity projects are all coming back to bite them. Chinese GDP can only grow at 3-4% from here in as export led growth is not coming back , demographic dividend is exhausted, and all the savings in the economy are now directed to repay debt. Many infrastructure projects have been stalled or canceled. Chinese cities will decline as rebalancing of workforce between rural and urban areas happen. A lot of pain for the Chinese in the short to medium term.
You yourself post mutually contradictory SS with the analysis in total variance to the SS enclosed. You're saying China provides one of the largest markets in the world if not the largest which is a fact . At the same time to underpin your argument that domestic consumption is increasing with you enclosing a SS to the effect that domestic manufacturers are increasing their market share in China whereas foreign OEMs either importing or mfg in China are experiencing a record drop in sales .China's consumer market is so huge that just re-capturing the domestic market would provide huge growth for Chinese firms:
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This situation exists in autos, airliners and semiconductors
No other country can provide its companies with the largest consumer markets in the world during their development.
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This is why China has airliners and aircraft engine programs and a semiconductor eco-system that no other developing nation has. In fact, the market is something that even most developed nations do not have.
Japan gave up on the MRJ because their internal market cannot support it. It needed US and EU sales to make it work. The ARJ-21 and C919 can survive China alone.
