PRC Economy - New Reflections : Dec 15 2011

paramu · Post by **paramu** » 16 Mar 2012 23:07

Shanghai statistics is NOT under reporting of data, and in fact it is just the opposite. It refers to over reporting and cooking up data to impress others.

sha · Post by **sha** » 17 Mar 2012 06:12

What is India’s real GDP growth? 8.8% or 3.7%?
http://www.moneylife.in/article/what-is ... /8728.html

This is a report on how india calculated its GDP in detail.

Suraj · Post by **Suraj** » 17 Mar 2012 06:18

Ooh, an Indian Gordon Chang story

The article is 2 years old. So, how well did that Nomura theory work out, then ?

sha · Post by **sha** » 17 Mar 2012 06:33

ashi wrote:A great video of how urbanization is happening in China
BBC Vidoe: The fastest changing place on earth

Great Video. .
It's curious that no indian guys have commented on it so far.

Lots of big stuffs in it which Indian guys here had always taken a great interest in, such as hinterland poverty, grab of farmers' land, nail household, demolishment of farmers' houses, corruption of CPC, protest and sitting, poor quality construction, confrontation between local goverment and formers, migrant workers， invetst-driving development model, etc.

sha · Post by **sha** » 17 Mar 2012 06:42

Suraj wrote:Ooh, an Indian Gordon Chang story The article is 2 years old. So, how well did that Nomura theory work out, then ?

What the India's real GDP growth rate was is not what I concerns . What I found interesting in it it's the way how the independent India stats office calculates India's GDP.

paramu · Post by **paramu** » 17 Mar 2012 07:12

Indian GDP is reported by many people, GoI, RBI, ADB, IMF, WB etc and they all can collect their data as they want. It is out there in the open. Their reports weren't much different from that of GoI's. Now, please explain how did Nomura compute India's GDP? BTW, India didn't hide its inflation numbers too, unlike many other countries in the world.

paramu · Post by **paramu** » 17 Mar 2012 07:14

sha wrote:Great Video. .
It's curious that no indian guys have commented on it so far.

This is another example of what Shanghai statistics (though this video may not be) is trying to do - create a great impression - and not pretend like a pig to eat the tiger. Rather a poor panda pretending like a mythical dragon, but unfortunately different parts of panda is all visible to rest of the world.

amit · Post by **amit** » 17 Mar 2012 07:47

Those who have been following this thread over the years wiuld note that questioning Indian growth stats is happening after a long time. In fact I can't seem to remember when it last happened. Usually our Chinese guests have been busy teachingvus SDREs about the "progress" in China and why we should be shocked and awed.

I think we are seeing a start of a new era as Chinese growth slows and even drones realize that. We will witness more of Hakim saabs "open fly, torn shirt" kind of economic logic. And also all those stats showing slow growth is nothing but pigs grunting.

Aab ayega maza

Singha · Post by **Singha** » 17 Mar 2012 11:58

firstpost.com

China government tells city to fall in line after Bo purged
39 mins ago

Chongoing, China: China’s central leadership has moved to bolster control over the southwest city-province of Chongqing after ousting its contentious yet popular chief, Bo Xilai, with state-run media on Saturday urging officials and residents there to toe the line.

The demands for unity with the ruling Communist Party’s central leadership appeared in Chongqing newspapers that did not even mention Bo, removed this week after a scandal when his Vice Mayor Wang Lijun took refuge in February in a US consulate until he was coaxed out and put under investigation.

Until that episode, Bo was widely seen as an ambition-fuelled contender for a spot in the next central leadership to be settled late this year. But now the message to Chongqing officials and residents amounts to: forget about Bo, even if he was China’s most high-profile province-level leader.

Bo was widely seen as an ambition-fuelled contender for a spot in the next central leadership to be settled late this year. AP
The Chongqing Daily reported that city officials on Friday effectively pledged loyalty to President Hu Jintao and the new boss in Chongqing, Vice Premier Zhang Dejiang.

“All unanimously declared that they will sincerely embrace the central leadership’s decision on adjusting the municipality party committee’s leader and handling the Wang Lijun case,” the paper reported of a meeting of Chongqing officials.

“Do not disappoint the sincere expectations of the central leadership,”

the officials were told, according to the report.

The failure to even mention Bo Xilai by name in state media was another sign of the fall from grace for a man who, unusually among China’s poker-faced leaders, revelled in publicity.

After arriving in Chongqing in 2007, Bo, 62 and a former commerce minister, turned it into a bastion of Communist revolutionary-inspired “red” culture and egalitarian growth, winning national attention with a crackdown on organised crime.

His self-promotion and revival of Mao Zedong-inspired propaganda irked moderate officials. But his populist ways and crime clean-up were welcomed by many residents and others who hoped Bo could try his policies nationwide.

Chongqing newspapers said residents promptly embraced Bo’s successor.

“The broad mass of Chongqing residents resolutely support the central leadership’s decision and sincerely welcome Comrade Zhang Dejiang coming to work here,” said the Chongqing Daily.

“They are full of hope in Chongqing’s future development.”

Many residents of the riverside city, however, voiced dismay at the dumping of Bo.

“It’s hard for us to understand this,” said Xia Hao, a businessman in his thirties. “The problem is that Chongqing had party secretaries before who came and left, like Wang Yang and He Guoqiang, but nothing about the city changed much then.

But after Bo Xilai came here, we could see and feel all the changes, so people don’t understand what he did that was so wrong.”

Reuters

Suraj · Post by **Suraj** » 17 Mar 2012 12:19

Bo Xilai has been purged ?? Big fish indeed. Shades of the Lin Biao incident. He's not only one of the members of the current CPC Politburo, but also the son of one of the Eight Elders, of whom Deng Xiaoping was one. Added to Wen's recent warning about China reprising the Cultural Revolution, the current transfer of power is going to be an interesting time indeed. It would be priceless if either Wang or Bo turned up in Taipei.

Singha · Post by **Singha** » 17 Mar 2012 14:36

so what exactly is the fight about? Bo seems to have been a hardliner and most faithful going by his style of functioning? I thought such purity in thought process was appreciated by the Elders in the coven?

or is it just a all out individualistic fight to dismantle potential rivals and clear the way , no matter how faithful the rivals are to the party itself?

Singha · Post by **Singha** » 17 Mar 2012 14:42

some details here. its seems his kids studied in posh british pvt schools...so he is like all party top officials on the take...but a can do guy and likely being smeared to take out his chances for a big central post.
http://blogs.wsj.com/chinarealtime/tag/wang-lijun/
http://blogs.wsj.com/chinarealtime/2012 ... /comments/
Roscoe Turi wrote:
@Yank in CQ. I visited Chongqing briefly. I quite liked it. Sure Bo may not be perfect, but are you aware of how hard many in China have it despite the growth? Think FOXCONN. The fact that Bo extended benefits to all in the city regardless of where they are registered to live is a huge step forward. So is giving boarding school to the children of migrant workers.

At the end of the day Bo is a populist with some liberal leanings. He’s quotes Mao but sends his son to expensive schools in the West. Bo and his family was imprisoned during the Cultural Revolution because they were suspected of being from a bourgeois background. He knows first hand that repression is not good for China’s long term future. I’m not saying he’s going to bring China liberal democracy but it’s quite clear he is a reformer despite his faults and his hypocritical “celebrate Mao, send my son to study in the West” practices.

This whole intrigue is rather interesting. While Bo is open and a straight shooter (by Chinese standards), the rest of the Chinese media is not censoring the story as often happens when a scandal breaks. Usually there would be quiet then a sudden announcement that said official has been arrested and charged. It looks as if the Central Party leadership is leaving him on his own, letting people think he is in fact corrupt. While he has probably made questionable deals, given the China scale of corruption, he’s probably done little actual harm. I’m willing to bet that the CPC leadership doesn’t like him very much, but at the same time arresting him would cause more problems than it would solve given his base of support. Chongqing would erupt if he was arrested, especially among the migrant workers.

I think at one point Hu and Wen were willing to liberalize more than they ended up doing so. However, the militancy of China’s factory workers and global economic uncertainty have scuttled this. I think the Politburo is going to go with Xi Jinping as GenSec and President and have Li Keqiang become Premier. Bo has become too much of a wild card now that there is increasing social strife, a precarious global economy and even questions as to how much longer China itself can sustain its impressive growth. However, given what Bo has accomplished, he cannot be simply removed by administrative means without provoking a backlash by the people of Chongqing. I suppose this marks another milestone in China’s development. Instead of dismissing or arresting political opponent, he is undermined through rumors and smears in the media.

Singha · Post by **Singha** » 17 Mar 2012 14:50

http://en.wikipedia.org/wiki/Wang_Lijun

On 2 February 2012, Wang was abruptly reassigned "to a post overseeing municipal education, science, and environmental affairs", regarded as a less prestigious post than his former public security office.[9] Although details on the demotion are sparse, observers have speculated that Wang fell out of favor with Bo after Wang came under scrutiny by the Commission for Discipline Inspection for his possible involvement in the Tieling corruption case. In order to make a deal for himself with the commission, Wang may have sought leniency in exchange for information on corruption and embezzlement by Bo Xilai and/or his wife. Bo is speculated to have learned about Wang's accusations, and ordered the arrest of several individuals closest to Wang.[10][11] Wang's fears of retribution by Bo Xilai may have led him to seek refuge at the American consulate in Chengdu.[4] In interviews with Southern Weekly and Chongqing Daily following announcement of his "stress leave", Wang said: "It is just a normal reshuffle." He refused to engage on online speculation for his job change. The report was published on its website on Wednesday but was removed a few hours later.

Singha · Post by **Singha** » 17 Mar 2012 14:52

and here is the aptly named internal affairs dept within the Party - Commission of discipline inspection!
http://en.wikipedia.org/wiki/Central_Co ... y_of_China

Singha · Post by **Singha** » 17 Mar 2012 14:54

Chonqing is said to be fastest growing city worldwide with 800,000 people added per annum and 40% GDP growth/annum.

wong · Post by **wong** » 17 Mar 2012 15:23

Suraj wrote:Ooh, an Indian Gordon Chang story The article is 2 years old. So, how well did that Nomura theory work out, then ?

I would say it worked out pretty well. My experience has been that Nomura and Tokyo Mitsubishi were always willing to pay for top talent unlike other Japanese firm.

From the article...

Nomura India said," We see downside risks to our GDP estimate of 9% y-o-y in FY11. Nomura's composite leading index is pointing towards a slowdown, suggesting that June may mark the peak quarterly GDP growth in FY11. We are currently reviewing our estimates with a mind to downgrade."

Suraj · Post by **Suraj** » 17 Mar 2012 23:32

Even Lehman Brothers was willing to pay for top talent. So what ?

Vague statements about headwinds amount to nothing. Their GDP figure hasn't come close to being met.

ldev · Post by **ldev** » 18 Mar 2012 01:11

I found:

Capitalism with Chinese Characteristics
Entrepreneurship and the State

by Yasheng Huang

to be an invaluable book in understanding the economic history of China from 1978 onwards. Besides understanding the history and rationale for why the CPC did what they did, it also helps in understanding current Chinese policies. If your reading diet is confined to current news articles on the Chinese economy, it is liable to cause more confusion than clarification.

VikramS · Post by **VikramS** » 18 Mar 2012 03:17

ldev sir:

Could you write a brief summary or point to one which you believe does a good job?

ldev · Post by **ldev** » 18 Mar 2012 04:46

VikramS wrote:ldev sir:

Could you write a brief summary or point to one which you believe does a good job?

This is the entire book. You should read the preface and the detailed synopsis (the first 5-8 pages) to give you an understanding of the rest of the book. What is of particular interest is that in Chapter 5 he has a section on what he calls "The Indian Model" and comparisons between India and China. The book was published in 2008 and it is interesting if you read the entire book to review Chinese economic performance since then . It reflects many of the arguments over the last few pages in this thread.

Besides, this is a good review, and in the article there is a link for yet another review.

gakakkad · Post by **gakakkad** » 18 Mar 2012 10:33

ldev wrote:
VikramS wrote:ldev sir:

Could you write a brief summary or point to one which you believe does a good job?
This is the entire book. You should read the preface and the detailed synopsis (the first 5-8 pages) to give you an understanding of the rest of the book. What is of particular interest is that in Chapter 5 he has a section on what he calls "The Indian Model" and comparisons between India and China. The book was published in 2008 and it is interesting if you read the entire book to review Chinese economic performance since then . It reflects many of the arguments over the last few pages in this thread.

Besides, this is a good review, and in the article there is a link for yet another review.

excellent book .

It explains that whatever "successful" chinese companies have come up over the years , are in fact fully owned foreign companies. Lenovo for instance is HQed in HK and has nothing to do with lenovo shanghai .

PAGE 193

But, to some extent, this was a hollow victory. For one thing, the fact that
Artesunate is the only Chinese drug certiﬁed by WHO says something about
the state of the pharmaceutical industry in China. On the WHO List of PreQualiﬁed Medicines as of August 2006 – the list is updated regularly – there
are eighty-three HIV/AIDs drugs supplied by ﬁve indigenous Indian ﬁrms
and there are six tuberculosis drugs supplied by three Indian ﬁrms.As impressive as Shanghai Fuxing is within China, it lags substantially behind
its Indian peers.

For another matter, strictly speaking, Shanghai Fuxing had very little to
do with developing Artesunate. Artesunate is registered by Guilin Pharmaceutical
located in Guizhou province. Shanghai Fuxing acquired Guilin
Pharmaceutical a few years ago, long after the drug discovery and development
were well underway. In fact, Shanghai Fuxing is not really a pharmaceutical
firm. It is a holding firm of many diverse assets. It operates in
four unrelated areas – pharmaceuticals, real estate, steel, and retailing. Its
founder has no background in the life sciences. He received a PhD degree
in Chinese philosophy from Fudan University.

My only objection is that it uses a book written by Jean Dreze and A. Sen to describe the Indian economy. .

But fundamentally I agree with him. India has far better entrepreneurial structure. India is way ahead in innovation. That is in spite of the fact that Indian industries are shacked by poor government and infrastructural issues .

ashi · Post by **ashi** » 18 Mar 2012 10:38

gakakkad wrote:
But fundamentally I agree with him. India has far better entrepreneurial structure. India is way ahead in innovation. That is in spite of the fact that Indian industries are shacked by poor government and infrastructural issues .

Really? What has India innovated so far? China at least has Huawei. What is the equivalent of Huawei in India?

gakakkad · Post by **gakakkad** » 18 Mar 2012 10:45

ashi wrote:
gakakkad wrote:
But fundamentally I agree with him. India has far better entrepreneurial structure. India is way ahead in innovation. That is in spite of the fact that Indian industries are shacked by poor government and infrastructural issues .
Really? What has India innovated so far? China at least has Huawei. What is the equivalent of Huawei in India?

The world first transgatric appendectomy (removal of appendix by passing an endoscope trough the mouth , no incisions on the stomach. ) was performed in hyderabad . (Asian institute of gastroenterology.) Find me its chinese equivalent and I ll find you an Indian equivalent of the ~~IPR thief who robbed from Cisco~~ the innovative network solutions giant .

Raja Bose · Post by **Raja Bose** » 18 Mar 2012 10:54

ashi wrote: Really? What has India innovated so far? China at least has Huawei. What is the equivalent of Huawei in India?

Did you just put Huawei and innovative in the same sentence. Stop embarrassing yourself man! I wouldn't even put Huawei and honest in the same sentence, leave alone innovative. I am sure China has better companies that it can showcase as role models.

shyam · Post by **shyam** » 18 Mar 2012 12:08

Why do these drones come at post posts like these just to get beaten up? Certainly, this also shows the quality of drone training.

ashi · Post by **ashi** » 18 Mar 2012 13:36

Raja Bose wrote:
ashi wrote: Really? What has India innovated so far? China at least has Huawei. What is the equivalent of Huawei in India?
Did you just put Huawei and innovative in the same sentence. Stop embarrassing yourself man! I wouldn't even put Huawei and honest in the same sentence, leave alone innovative. I am sure China has better companies that it can showcase as role models.

If you step out of your own imaginary world and look around a bit,

Huawei's new chip

ashi · Post by **ashi** » 18 Mar 2012 13:44

gakakkad wrote:

The world first transgatric appendectomy (removal of appendix by passing an endoscope trough the mouth , no incisions on the stomach. ) was performed in hyderabad . (Asian institute of gastroenterology.) Find me its chinese equivalent and I ll find you an Indian equivalent of the ~~IPR thief who robbed from Cisco~~ the innovative network solutions giant .

And that means India is way ahead in innovation? I.T is the star industry in India, but what software product or company is so innovative and known to the world today?

Hari Seldon · Post by **Hari Seldon** » 18 Mar 2012 14:35

I know...somedays I would get concerned the amount of drone baiting going on here....what if the drones just one day decide to get up and leave, eh?

Then I realized, aah, but they are 'assigned' specific forums and KPIs only.. Uh-oh. Looks like trolling the drones out is also not going to be an option for us jingoes....

member_20317 · Post by **member_20317** » 18 Mar 2012 15:16

wrdos wrote:There is an old Chinese expression to describe the point of the Shanghai stats called by you. "Better to pretend to be a pig so that one day you can find a chance to eat the tiger."

OT alert.

Wrdos, we in India (Hindi) have a very old saying too (immortalised in movie songs) 'Kawa chala More ki chaal akhir bhula apni chal' =~ Tiger pretends to be a pig and then remains a pig.

Pretensions wake up into an amnesia of the Essence.

On an equally serious note.

Following link gives the data for "Total Debt in Selected Countries around the World, latest data available, as percent of GDP, by sector". The site provides some spreadsheet data for some big economies over a period of time. I personally found it interesting. Latest data is till 2008, but I am sure people on BR are intelligent enough to form a view for the period after that.

http://www.gfmag.com/tools/global-datab ... z1pSVUmn6A

gakakkad · Post by **gakakkad** » 18 Mar 2012 16:25

ashi wrote:
If you step out of your own imaginary world and look around a bit,

Huawei's new chip

Dear , dear .. this k3v2 is not homegrown by any means . It is based on ARM cortex A9 . ARM holdings is a British chip design company. They typically design chips and sell their products to other companies for manufacturing. They don't have any large scale manufacturing facilities . So they give license to other companies . Only thing unusual done by Huawei here is that they have been decent enough to buy the IPR and credit ARM . Usually one expects Chinese companies to copy the design and pass it as there own. I commend Huawei for buying the IPR from ARM . I am sure that ARM appreciates it as well .

from you own link -

the K3V2 quad-core processor inside it was made by Huawei itself and based on ARM’s Cortex A9 architecture.

Raja Bose · Post by **Raja Bose** » 18 Mar 2012 23:19

ashi wrote: If you step out of your own imaginary world and look around a bit,

Huawei's new chip

Did you just claim that the ARM Cortex A9 CPU is a Chinese home-grown design?

If not, how is the Huawei chip any different from the CPU in a Tegra or OMAPx - none of which are claimed as home-grown designs either though they have a much bigger claim to say that (specifically Tegra)? By your definition Taiwan is the biggest innovator in ICs since TSMC produces all these SoCs.

Like I said earlier boss, stop embarrassing yourself.

ashi · Post by **ashi** » 19 Mar 2012 07:40

Raja Bose wrote:
Did you just claim that the ARM Cortex A9 CPU is a Chinese home-grown design? If not, how is the Huawei chip any different from the CPU in a Tegra or OMAPx - none of which are claimed as home-grown designs either though they have a much bigger claim to say that (specifically Tegra)? By your definition Taiwan is the biggest innovator in ICs since TSMC produces all these SoCs.

Like I said earlier boss, stop embarrassing yourself.

Most of the mobile chips are ARM based. Apple, Samsung, Qualcomm ... How do they differentiate and compete with each other? Chip design is more than just the core processor. GPU, hardware accelerators, memory controllers, power consumption ... You and gakakkad need to educate yourselves a bit.

Huawei likely to surpass Ericsson in the coming April to be the worlds' top telecom seller, and Huawei is target to be the top 3 telecom sellers in India, even with all the restrictions from the political side.

Top gear: China's Huawei outmuscles Swedish rival

gakakkad · Post by **gakakkad** » 19 Mar 2012 09:15

you heal that RBullah al jooflolidi , pee chaddi ? We need to educate ourselves a bit .

huawei has djinn tech ...and spraypaint tech and sclew dlivel tech...

GPU, -- Huawei maintained a stoic silence abiut this..

hardware accelerators,-no info in open source..

memory controllers,-- supposed to be a 64 bit controller. looks like ARM came up with a 64 bit chip all of a sudden and transferred the screw drivers to huawei..

power consumption-- claims to be 50% less than tegra 3... i ll have to see it to believe it. might as well believe cold fusion ...

wrdos · Post by **wrdos** » 19 Mar 2012 13:21

India under-report its economy stats? Not at all, sir.

For example India claims its consumption to be a 1/2 strong of China's. GDP is 1/4 of China but the proportion of consumption is "twice as higher".

Sir, Indian just buy almost any commodity products 1/6 to 1/10 of China. Just give me 1 or 2 examples of an Indian consumption that is >1/2 of China, please.

Suraj wrote:
wrdos wrote:There is an old Chinese expression to describe the point of the Shanghai stats called by you. "Better to pretend to be a pig so that one day you can find a chance to eat the tiger."

It is why the Chinese government pays so much efforts to under report the economic data of China whenever it is possible, especially for those soft stats such as "Consumption", or the "Service Sector".

Over report yourself gains you nothing but extra jealousy and unnecessary responsibilities. I hope India can learn this experience too, act more and speak less.
I suggest you utilize your advise yourself first. Indian economic stats have been under-reported for a long time. You're a stranger to the Indian economy thread or you'd be actually aware of this.

China doesn't really have the attitude you allude to. If anything, it periodically unveils something notable and the usual drones come here and post it expecting high praise. When we go 'that's nice, but...' , the said drone gets upset and goes 'you Indians, how dare you criticize us!' It's been happening for the last 10 years here.

wrdos · Post by **wrdos** » 19 Mar 2012 13:32

Take it easy, sir.
The current India official GDP was China at 2004 or 2005.
From infrastructure to average citizen living standard, the current India is far less than China at 2004 or 2005.

So either India overstate its GDP or China under report its GDP. I guess both.

amit wrote: So Wrdos,

Are you trying to say that India over-reports its econ stats?

If that's the case I do detect a serious case of heebie jeebies setting in as Chinese growth slows and even Shanghai stats don't seem to work.

For your information Indian econ stats are if anything under-reported because the Babus sitting at our stats office CSO are a law onto themselves and do not need to meet quotas. They also don't fear losing their jobs, homes and sometimes their freedom and life if they don't follow the Govt line. Net result is these bunch of macro-economic nerds constantly devise even more stricter criteria to determine growth.

Net result is you'll never find a mismatch between consumption and growth in India. I hope you understand what I'm hinting at.

PS: Chinese proverb is more applicable to India than to China. And how about Crouching Tiger, Hidden Dragon?

Suraj · Post by **Suraj** » 19 Mar 2012 21:29

wrdos wrote:India under-report its economy stats? Not at all, sir.

For example India claims its consumption to be a 1/2 strong of China's. GDP is 1/4 of China but the proportion of consumption is "twice as higher".

Sir, Indian just buy almost any commodity products 1/6 to 1/10 of China. Just give me 1 or 2 examples of an Indian consumption that is >1/2 of China, please.

India's GDP is under-reported partly because so much transactional activity is not reported in official data! 'Discount for paying in cash' is a common practice - it helps the shop avoid paying taxes by not reporting the sale. It applies to everything from buying a bottle of cola to a house, and not just at the retail point. It's called the parallel/black economy. The Chinese GDP data attempts to include the presence of a domestic black economic; the Indian computations do not.

The GST mechanism is supposed to help address this, since both inputs and outputs have to be reported to claim taxation benefits. It's also why government revenues as a fraction of GDP is much lower in India than in China - it also means the Indian government (central and local) has less to invest in infrastructure and civic services compared to China, even though the average person consumes more and significant volume of transaction activity exists all over the country that official statistics do not capture.

Amit is right; Chinese questioning Indian GDP means something is afoot

svinayak · Post by **svinayak** » 19 Mar 2012 22:00

From infrastructure to average citizen living standard, the current India is far less than China at 2004 or 2005.

Dont compare living stds when political rights are very much valued by Indian people.

Suraj · Post by **Suraj** » 19 Mar 2012 22:07

By the way wrdos, as you know, Chinese reported statistics are unreliable. Please provide corroborating Indian or western sources or auditing results when reporting any Chinese data.

gakakkad · Post by **gakakkad** » 19 Mar 2012 22:22

it would be impossible to even get a raw estimate about the Indian real estate . Practically every transaction is undervalued to avoid stamp duty .

It would be hard to define Indian economy based on the existing models ..

paramu · Post by **paramu** » 19 Mar 2012 22:42

wrdos wrote:India under-report its economy stats? Not at all, sir.

For example India claims its consumption to be a 1/2 strong of China's. GDP is 1/4 of China but the proportion of consumption is "twice as higher".

Sir, Indian just buy almost any commodity products 1/6 to 1/10 of China. Just give me 1 or 2 examples of an Indian consumption that is >1/2 of China, please.

First of all India is not world's workshop, hence any raw material consumption data will be far lower in India compared to PRC. Second, GoI did not provide incentives to public to consume more during economic meltdown, unlike what PRC did, hence consumption numbers will be lower. Third, PRC data is not reliable.

BTW, what are you guys trying to prove by throwing in this kind of arguments? China is far better (i.e. the goal of Shanghai statistics)? If you guys were pretending to be pigs to eat tigers later, you would be happy that Indians are underestimating you. That is not what we see here.