Bharat Rakshak

starf u c k s and pizza huh are the best.

Are you aware the article is from May 2009 ? Why don't you entertain us by posting something from, say, the 1970s next ?

Drone quality is very very bad. Worse than Chinese fakes...

This article is more true now than then. India's problem is structural.

A recent article from German press.

India in Wonderland stress

I agree. The Indian masses have had none of the benefits of economic development at all. Just like the Chinese masses haven't had any benefits from their development, right ?

yes.... some article i read on Nat Geo some time back, when it comes to the HYPE!

http://news.nationalgeographic.com/news ... ld-travel/

^^^^

Construction has broken ground in Shanghai for the real thing, so Disney must believe the HYPE.

http://en.shanghaidisneyresort.com.cn/en/

xposted from strat forum:

Here's something useful for those who want to learn how the Chinese economic system is financed and run.

Sounds hollow coming from a country that 'PIGGY'backed on US handouts for 3 decades and now draining national wealth to feed other 'PIGS'.

Namaskar,

KLP Dubey

its still piggybacking under US defence umbrella and downsizing its own defence forces.

Here's something useful for those who want to learn how the Chinese economic system is financed and run.[/quote]

Suraj,

Thanks for the link.

Here's an interesting explanation for the high savings rate. I must say I never looked at in this way. However, it does seem to make sense:



PS: A_Gupta ji, thanks for the original link

People here talked a lot about car sales in China and India not long time ago. Here comes some latest news.

Car sales drive Chinese growth
http://www.ftchinese.com/story/001044997/en

Hmmm! One little fly in the ointment. Surveys show that Household savings rate in China is only 18% of GDP. The rest comes from elsewhere, mostly from companies squeezing the wages of their workers. Companies have a 20% savings rate in China.

For instance Indian household savings rate is 22% far higher than the Chinese rate.

The bit about the negative real returns is staggering though. The system is set up to bankrupt the average citizen. And many have pointed out that this is what allows the companies to sell at a loss and stay profitable. The system allows them to spend 100 units making a widget, sell it for 95 inflation adjusted units and still remain above water.

If the common man in China is being exploited to the hilt in other ways, giving a car to the poor sod sure seems a cheap way to keep him quiet.....I am sure these would mostly be 100% cash transactions, no? Why let that messy little "credit" business come in the way of sustaining a 10% growth statistic ?

Good day,

KL

NY Times

http://www.nytimes.com/2012/06/11/busin ... nted=print

"Manufacturers across China are investing in labor-saving equipment, reorganizing shop floor management and taking other measures to control labor costs, which have been rising steeply as the country grows in prosperity.

Here in southern China, a manufacturer of home saunas has installed a $25,000 computer-controlled drill that does the work of up to eight people. A garment company in Wenxi, in eastern China, is buying machinery to manufacture buttons more cheaply. And a printer in Wuhan, in central China, is fully automating paper cutting and plans further investments in printing and binding, so that workers will only be required to package the finished product."

You post here long time, but you no highlight impoltant things in these alticres. Flom the same piece:



So now the "lending disease" will infect the PRC's small and medium sectors too ? Amazed you are presenting this as good news - seems more like a sign of new levels of desperation in Beijing.



Wondelfur! Bulls in a China shop!



All ships rising together, eh, masterminded by the CCP geniuses? Growth rate set at 10%, wage rise rate set at 13%....


Jai ram ji ki,
Kishen Lal

Kishen Lal ji, aap KLPD kar rahe ho...

crouching tiger hidden dragon actress is sueing a HK newspaper who alleged she was paid $110 m over a decade to sleep with Bo Xilai and his business associates.

Mr. Theo_Fidel never give up a chance to cry for the rights of ordinary oppressed and explotited Chninese people. I have to say he is a very great guy.

One thing struck me most is that he cared more about the sufferings of the Chinese than that of the Indians. One example, he felt deelply sorry for the Shenzhen Foxconn sweatshop workers who earns 24,000 Rs/month but whole-heartedly happy for Indian Mumbai Metro workers who earn 3,000 Rs/month. Some Indians may took his words as ridiculous, but I hardly agree.

Why is she suing? coz she was tricked into thinking it was to be done for free, for the glory of the party?

After read so many posts that compares China in 2004 and India in 2012, I can't help wondering what happned on this forum in 2004. I'm not sure whether the forum existed then, but if it did, I can guess the most popular topics must be :
1. The size of China economy was actually the same size of India economy(The GDP gap is not wide then). People here will pove it ideologically and mathmatically without further argument. Evil CPC cooked statistics ( Shanghai statistics was always on the lips) and democatic India goverment under-reported its GDP numbers. As usual, lots of math was done to prove the point. India'ns are great at numbers, I have to admit. Anymay they invented them long time ago.
2. China's banks suffered by bad loan and were actally bankrupt, which would lead to the callapse of China.
3. India's IT and service oriented model is far superior than China's sweat-shop industrialization model.
4. India is democatic, free and open country, but if you didn't agree with the points above on this forum , you must be CPC drone or mind brainwashed.

My guess is just for sun and please don't take it seriousely.

^ dear sha,

Looks like forum jingoes have deeply hurt your feelings. solly about that.

In any case, why do you expect accolades and to be feted and lauded on here anyway? That is something I don't understand. Is someone forcing you to come here? Else why bother unless CCP pays you an allowance to come and troll about.

We Indians for all the noise we make are fairly transparent. We berate & criticize our own government and society and shortcomings quite a lot. We praise what we see is genuine, sincere, sustainable progress made elsewhere. That's how we are and we owe that in no small measure to living in an open society and having to build consensus to get almost anything done.

I like how you guys deacribe the most successful economy in the world for 30+ years running and has uplifted hundreds of million of poor people as a "lending diseases." China is a creditor nation. You can't go broke borrowing from yourself. Let's hope India never suffers such a "disease".

You missed the 40% raise for Foxconn employees and the most important point of the article: China is (Not Will) raising productivity to match rising wages.

(1) - You can
and
(2) - I see no evidence of productivity rise in China on the scale you are talking about.. And that is how you WILL go broke. For eg, in the celebrated "FoxConn" case of 40% rise in wages, productivity sure as hell didn't rise 40%. If it did, Fruit Co would have swooped in on Foxconn and dictated price cuts.

^^^^

(1) give 1 example of a creditor nation going bankrupt. Japan is probably the closest thing, but the Yen is stronger than ever and no one is running from JGB

(2) Fruit Co. Enjoys 50% margins. Labor is 5% or less. And yes, there is 50% productivity increases. Automation is forestalling the rise of the next China. That's the whole point of the article.

At some point Panda's have to explain how they can be the most successful nation for 30 years and still be dirt poor by western standards at the same time.
--------------------------------------------------

I still don't think Sha understands the clunkers he keeps dropping on pay. BTW I have it on good authority that a line worker w/ 1 year experience at Foxxcon Chennai works no more than 40 hours a week for Rs 12,000-Rs14,000 per month right now. Even at this pay they suffer a 20% attrition rate as people move to better less stressful jobs.

VikramS had dug this up last time around. Keep in mind they claim a GDP 4 times India's.


I think it was shock to Indians to know just how underpaid the Panda Serfs are. Something we must credit Sha for pointing out, it is doubtful we would have discovered that without his diligence. Thank u Sha.

Some supel powel.
-------------------------------------------------------------------

I have my doubts on China being a creditor nation. Japan & Germany run their surpluses because they are more productive than others. For unit of resources consumed they produce more. This is not true of Panda at all. What Panda is doing is confiscating the productivity of it workers and then handing it over to the West.

Take that I-Phone, only $2 of the profits go to Panda. Of which Panda overlords confiscate $1 and hands $1 over to the serfs to divide amongst themselves. Japan and Germany owned the actual I-Phone and the technology behind it. Panda on the other hand is always several steps behind. There is the puffed up self important illusion of being a surplus nation without any of the underpinnings.

You don't see it because there isn't any such phenomenon. Most of the "productivity rises" are just results of commie-sponsored bailout schemes/scams/shams tom-tommed as "achievements" by propaganda monkeys such as those hanging off the BRF "ashwattha".

Best Wishes,

KL

Why make a big show about being a "creditor" nation when your biggest "debtor" nation is busy moving almost their entire naval fleet to your backyard in the near future to kick your azz when they feel like it. Needless to say a good chunk of that naval fleet is funded by the "debt". So what is the use of being a creditor nation if you can't shoo off threats from your debtors by brandishing your "creditor stick". I have yet to see a "successful creditor" tolerating continuous harassment/intimidations/threats/humiliation by "debtors".

Now go back and consult the propaganda manual on how to respond. Hint: In your response, make sure to include a harangue on western credit agencies.

Namaskar,

KL

KLPD ji, as the saying goes "If I owe you a Dollar, it is my problem. If I owe you a Trillion Dollars, it is your problem!". I guess our chipanda drones haven't recognized this yet.

Actually, there are many things in China now that makes the US look poor. Beijing subway vs. Washington Metro. Beijing Subway is computer controlled. It glides to a perfect non-jerk stop every time. It has video screens. It has safety gates at the station so a crazy homeless person can't push you onto the track.

Washington Metro breaks down everyday. Yes, every day. There are actually small train and station fires. Station elevators and escalators are usually down for repairs. Forget all the safety and comfort features. Not even close. They can't even get the Metro train doors closed during rush hour. The American solution ?? Everybody out if we can't close the doors.

Most of us visit China or America often, we have plenty of points of comparison. Chinese infrastructure already surpasses the US on many levels. Not exactly dirt poor.

The US couldn't beat China in the Korean war when it was dirt poor and coming off 40 years of civil war and invasion. It's really not even a possibility now. The US doesn't even dare go kick Iran and North Korea's ass and has trouble fighting illiterate Afghans who only have an AK-47 and one goat (Afghan MRE). Forgot about US fighting China. That's your Indian delusion.

China is a massive creditor nation. The Bank of International Settlements tells me so. But Haters are gonna hate. My statement stands, a country can't go broke borrowing from itself.

Trite. Tell that to the Argentinians, who still can't access international capital markets 10 years later.

I have made a list of "numbers" to refer to your various posts I see in the thread. Henceforth I shall be using these numbers in my replies. I shall update list as and when any new ones crawl out of the woodwork. No offense, but it is easier for me to "number" you all since your posts all look the same. I am sure the CPC "numbers" you anyway.

wong = PM1 (propaganda monkey #1)
sha = PM2
ashi = PM3

Dear PM1,



This is the economy thread, so I will leave this topic here. Suffice it to say that the US has no "plans" to attack China, but it is a permanent and existential threat at many levels (financial, political, military, everything) for your commie masters. So forget about going bankrupt or not, there are much worse fates to consider.



You do not get it. So what if you are massive creditor. Nothing changes on the ground. The European central bank is also a massive creditor today. I do not see back-slapping all around.

Good day,
KL

^^^^

Actually it's just Germany and Norway are creditors. Switzerland is not part of the ECB. All three economies are doing great. The rest of the Europeans are basically debtors or flat, so again your example is inaccurate. So, yes, it matters "on the ground". Only Argentinians and Indians don't think it matters.

Of course Panda solution is we can't close door... ..Lets drive anyway!

^^^^

Like I said, it's computer controlled. The computer drove off. That's why they had to notify the station attendant lady at the end. Teething problems. That train is still nicer than any American subway train.

That may be true in chinomics but in economics it will cause massive problems some day especially if the "internally" borrowed money is spent on highways to nowhere and Ghost towns.

http://www.chinapost.com.tw/business/as ... points.htm
Fitch points to huge public debt as agency takes down credit rating for Japan by two notches

Going by your logic, isn't it strange for Fitch to comment on the level of domestic debt of Japan and factor that into the credit rating. The explanation is rather simple. Fitch is going by economics as understood by the rest of the world and not by chinomics as understood in China. Sure domestically held debt shields nations from the harsh reality of world financial markets for longer BUT eventually like forces of nature the market will win and the nation will come to grief.

So they couldn't build in a simple fail safe for the "computer" to not start the train or drive off in your words, when they could clone the entire train?

Super FAIL! btw, back up your stats about DAILY fires on the Washington Metro. Either that, or fess up about cooking this one up as well.