Chinese think big we don't

[longbow]

Interesting article from Times of India. And yes, the PLA has submarines there :

http://www.thehindu.com/mag/2007/09/23/stories/2007092350220800.htm

Read through the replies on the blog. Fascinating.



http://blogs.timesofindia.indiatimes.com/randomaccess/entry/the-chinese-think-big-we

 

[shelltox]

The indians were too preoccupied with their trade unions and organising strikes than putting their punny effort to more productive use. further after their union meeting , they have their togo session and they stay drunk

 

[Char_Azn]

Seems to me like the Chinese are always ready to strike. They probably think India is still pretty pissed after losing the war to China by using dumbass tactics.

 

[po2wq]

china tink big? ... india tink small? ...

sg follow 10 yr series ...

 

[po2wq]

ladakh ... beautiful place ...

 

[wikiphile]

India still have a lot of ground to cover, but they are playing catch

http://www.businessweek.com/magazine/content/07_12/b4026001.htm

The focus of their economy was to build industrial and high techonology zones along the coastal cities which made sense as those are the gateways to import/export overseas. However just as China neglected their western heartland all these years, India neglected its own inner heartland. The links between the east and west coast is still very poor as compared to a country with both coasts like America with its interstate highways for movement of goods and people with land based transport. To move even a few thousand or up to 30,000 metric tons of cargo from east to west, they still have to rely on ships to do so. However in doing so, they also created another set of problems. There are not that many Indian registered or flagged ships and in logistic parlance, this is known as cabotage. A hefty premium is to be paid for the right to transport goods from point A to point B for foreign flagged vessels. With freight levels so low now and costs rising, very few people actually want to do this and it would be years before the Indians build up their structure and merchant fleet comfortably to meet the demands of their local economy.

 

[UltimaOnline]

On a discussion about "India and China - A comparison" here :
http://blogs.timesofindia.indiatimes.com/randomaccess/entry/the-chinese-think-big-we

Among the many insightful comments, a Professor Ramesh Manghirmalani from Oxford says:
May 20, 2009 at 03:55 AM IST

Mainland China has been subject to the biggest stock market booms and busts of the past five years. The Shanghai Composite soared from a low of 1,030 in June 2005 to a high of 6,036 in October 2007, before plummeting back down to 1,706 by November 2008. Since then, Shanghai has rallied back to 2,652 -- still well short of half of its peak. Ironically, the best way to profit from Chinese growth may not be through investing in China itself, but by focusing on Asia's other Chinese-dominated economies.Although mainland China boasts a population of more than 1.3 billion, the roughly 60 million "overseas Chinese" constitute one of the most potent economic forces on the planet. The overseas Chinese dominate the trading, banking and property industries throughout Southeast Asia. With the assets of the worldwide Chinese diaspora estimated as high as $3 trillion, the overseas Chinese may represent a greater economic force than mainland China itself. The Chinese make up a majority of the population of Singapore (75%) and significant minority populations in Malaysia (24.5%) and Thailand (14%). Even in countries where their absolute numbers are small -- Indonesia, the Philippines, and Vietnam -- the Chinese account for a disproportionate level of economic influence. As a rule of thumb, if you do business in East and Southeast Asia outside of Japan and Korea, you actually are doing business with the Chinese.

The World Economic Forum ranks the Chinese-dominated economies of Singapore, Hong Kong, and Taiwan among the most competitive economies globally, ranking them 5th, 11th, and 17th, respectively. Mainland China ranks a mere 30th, while the United States ranks 1st. The relative achievements of these Chinese-dominated economies are even more impressive. Consider that the combined foreign reserves of Hong Kong, Taiwan and Singapore stand at $647 billion. That's equal to 33% of the reserves of mainland China, while these three countries boast only about 1/40th of mainland China's population. With this kind of efficiency, it's not hard to see why these three "other Chinas" may be a better investment bet than mainland China itself.

 

[annexa]

The problem with India, is Indians. Why they blaming USA, China, Pakistan?

If Singapore kept blaming Malaysia, British all the way, we would still be a fishing village now!

 

[longbow]

Mr Ramesh M forgets that a large part of the economies of Taiwan and HK (which is part of China) depends on China. Singapore is trying its best to be geared into the Chinese economy.

As it is most of Taiwanese electronics and plastics have moved to the mainland. economically the 2 countries are unified.

On a discussion about "India and China - A comparison" here :
http://blogs.timesofindia.indiatimes.com/randomaccess/entry/the-chinese-think-big-we

Among the many insightful comments, a Professor Ramesh Manghirmalani from Oxford says:
May 20, 2009 at 03:55 AM IST

Mainland China has been subject to the biggest stock market booms and busts of the past five years. The Shanghai Composite soared from a low of 1,030 in June 2005 to a high of 6,036 in October 2007, before plummeting back down to 1,706 by November 2008. Since then, Shanghai has rallied back to 2,652 -- still well short of half of its peak. Ironically, the best way to profit from Chinese growth may not be through investing in China itself, but by focusing on Asia's other Chinese-dominated economies.Although mainland China boasts a population of more than 1.3 billion, the roughly 60 million "overseas Chinese" constitute one of the most potent economic forces on the planet. The overseas Chinese dominate the trading, banking and property industries throughout Southeast Asia. With the assets of the worldwide Chinese diaspora estimated as high as $3 trillion, the overseas Chinese may represent a greater economic force than mainland China itself. The Chinese make up a majority of the population of Singapore (75%) and significant minority populations in Malaysia (24.5%) and Thailand (14%). Even in countries where their absolute numbers are small -- Indonesia, the Philippines, and Vietnam -- the Chinese account for a disproportionate level of economic influence. As a rule of thumb, if you do business in East and Southeast Asia outside of Japan and Korea, you actually are doing business with the Chinese.

The World Economic Forum ranks the Chinese-dominated economies of Singapore, Hong Kong, and Taiwan among the most competitive economies globally, ranking them 5th, 11th, and 17th, respectively. Mainland China ranks a mere 30th, while the United States ranks 1st. The relative achievements of these Chinese-dominated economies are even more impressive. Consider that the combined foreign reserves of Hong Kong, Taiwan and Singapore stand at $647 billion. That's equal to 33% of the reserves of mainland China, while these three countries boast only about 1/40th of mainland China's population. With this kind of efficiency, it's not hard to see why these three "other Chinas" may be a better investment bet than mainland China itself.

 

[Ah Guan]

To boost the economy like China, India first has to overhaul their tax system

China standardised their own system to become the 14% and 17% VAT we know today

The Indian tax system consists of tens of thousands of rates and rules between states

It is said that for every $1 tax collected in India, 80 cents go to the accounting and admin costs -- much like our NKF