velu Posted March 17, 2019 Author Share Posted March 17, 2019 6 hours ago, chewy said: So many BJP voters have business interests with China, importing tonnes of good from China cheap chinese imports kill more SME than the people who benefit from their imports .. we hace 40% tariff on chinese tyres , tyre manufacturers doing well UrmiSinhaRay 1 Link to comment Share on other sites More sharing options...
sandeep Posted March 17, 2019 Share Posted March 17, 2019 41 minutes ago, velu said: considering the mandate bjp has got , they should have done better .. Very true. Biggest disappointment for me, is the abject failure to get anything done with SEZs and manufacturing. National economies are like massive boulders, hard to get rolling, but unstoppable once a certain momentum is reached. We had a really golden chance to shift India's growth up - instead the self-infliced de-monetization 'own goal' took us down a measurable notch. They had a perfect storm of economic conditions and global politics to set the platform to jumpstart Indian economy on the road to massive growth. And to be charitable, they fluffed it massively in spite of having good intentions. To be cynical, they didn't care about the opportunity costs and focused only on their benefits - at a party or personal level - at the cost to the country. India, being a massive importer of petroleum products, to get a multiple year timeframe of slumping oil prices, coupled with geopolitical relations ramping up with the big economies, so much more could have been done, and easily at that. Quote if they played their cards better , congress might have been dead by now They chose to play political games instead. At a time when laser-like focus on macro-economics was the need of the hour. If India doesn't capitalize on its demographic dividend, and get some proper job-growth going in the next 3 to 5 years, it might end up being a "should've, could've, would've" economic underachieving basket-case as in past decades, that the Bhakts love to blame Congress for. Trichromatic, krupaksk, velu and 1 other 1 3 Link to comment Share on other sites More sharing options...
sandeep Posted March 17, 2019 Share Posted March 17, 2019 40 minutes ago, velu said: cheap chinese imports kill more SME than the people who benefit from their imports .. we hace 40% tariff on chinese tyres , tyre manufacturers doing well Tariffs are a blunt instrument, and an out-dated tactic. Still viable for certain things, but SEZs are the way to go. But why would politicians care, when there's easy money to be made playing games and arbitrage instead. Business interests will 'settle' for 70% easy profit with imports, instead of putting in hard work to get marginal increase. That's where leadership and vision is required. But democracy's fundamental flaw is that as democratic systems evolve and mature, oligarchic entities get more practiced and effectiveness at co-opting the mechanisms of power. velu and Trichromatic 2 Link to comment Share on other sites More sharing options...
velu Posted March 17, 2019 Author Share Posted March 17, 2019 23 minutes ago, sandeep said: Tariffs are a blunt instrument, and an out-dated tactic. Still viable for certain things, but SEZs are the way to go. But why would politicians care, when there's easy money to be made playing games and arbitrage instead. Business interests will 'settle' for 70% easy profit with imports, instead of putting in hard work to get marginal increase. That's where leadership and vision is required. chinese exporters can export the products even with 30/40% loss , chinese government compensates them .. if we have the capacity to manufacture some product by ourself , we can tariff them within the WTO rules .. europe and us even levy heavy tariffs on Chinese steel citing overcapacity.. we dont have the capacity to manufacture electronics and semiconductors now , but with external funding we can ramp up really fast , maybe within 2/3 years.. i dont have much idea about semiconductors , but considering vietnam manufactures chips and electonics like china , we can replace them if we get funds .. Link to comment Share on other sites More sharing options...
sscomp32 Posted March 17, 2019 Share Posted March 17, 2019 (edited) 9 hours ago, Trichromatic said: Yes, elections are important for the party and they are focussed on that goal. Even when election season is far away, going anti-China doesn't evoke emotion so basically a futile exercise for BJP. I mean when they won't gain it, then why bother at all. During election time, they have something to lose by going against China, so they will keep deflecting blame. What country needs is secondary, what party needs is primary. Yeah. COn party have been fooling us for all these years like this. Guilt trip people. For me its Anyway you can keep Con party away from power. By hook or by Crook. Saam daam Dand Bhed. DO whatever. WIth COn party away everything will eventually happen :) BTW thank you for getting me out of this guilt trip mode. The past few days incidents and today conversation has been eye opening. :) Edited March 17, 2019 by sscomp32 Link to comment Share on other sites More sharing options...
R!TTER Posted March 18, 2019 Share Posted March 18, 2019 (edited) 11 hours ago, velu said: chinese exporters can export the products even with 30/40% loss , chinese government compensates them .. if we have the capacity to manufacture some product by ourself , we can tariff them within the WTO rules .. europe and us even levy heavy tariffs on Chinese steel citing overcapacity.. we dont have the capacity to manufacture electronics and semiconductors now , but with external funding we can ramp up really fast , maybe within 2/3 years.. i dont have much idea about semiconductors , but considering vietnam manufactures chips and electonics like china , we can replace them if we get funds .. Yup the threat about tariffs isn't all bluster, the US has an upperhand in the US-China relationship in part because tariffs work but also they have the companies & own much of the tech which Chinese electronics or component makers employ. India can make about 90% of what China does, at a higher price but likely higher quality as well. Semiconductors isn't the same as electronics, if you discount solar panels - which is a completely separate area, China isn't even in the top 5 chip manufacturers. Though tbf that industry is controlled by a handful of megacorps like Samsung or Intel & this is why China is keen to steal American tech, because the US is an undisputed leader here. US with a simple ban brought ZTE to it's knees, they could do the same to Huawei but the latter has a massive domestic market, which could in theory prevent it from bankruptcy should US sanction them. Edited March 18, 2019 by R!TTER velu 1 Link to comment Share on other sites More sharing options...
Lannister Posted March 18, 2019 Share Posted March 18, 2019 Nothing but a loud mouth. He is busy creating internal rifts between the communities in India, so he don't have time to focus on China or better yet, lack balls when he is faced with a bigger opponent. Stan AF 1 Link to comment Share on other sites More sharing options...
randomGuy Posted March 18, 2019 Share Posted March 18, 2019 Link to comment Share on other sites More sharing options...
The Dark Horse Posted March 18, 2019 Share Posted March 18, 2019 What's with the #Chowkidar BS on twitter? Enough is enough, it's irritating....even pro Modi or neutrals will be irritated by this propaganda on twitter..same with Congress Link to comment Share on other sites More sharing options...
G_B_ Posted March 18, 2019 Share Posted March 18, 2019 Actually as of last year our trade balance with china has started to move in India's favour. This is from a continuous rise since 2000-2001. Instead of SEZ what is needed is investment in infra and reforms. Link to comment Share on other sites More sharing options...
mishra Posted March 18, 2019 Share Posted March 18, 2019 @zenis absolutely correct. China is next USofA, unless USofA breaks it. India can can not afford to burn bridges with China. India is a baby in front of Chinese dragon. Know your “aukaat” and don’t start with Lahori logic. Simple as that. No one but only a UN P5 nation can and has ability to take a fight against another UN P5. So stop dreaming on taking on China. The day Chinese want, they can start vetoeing anything and everythin India puts in UN. So, Just create bilateral relationships so expensive that they start listening to us. Link to comment Share on other sites More sharing options...
mishra Posted March 18, 2019 Share Posted March 18, 2019 7 hours ago, G_B_ said: Actually as of last year our trade balance with china has started to move in India's favour. This is from a continuous rise since 2000-2001. Instead of SEZ what is needed is investment in infra and reforms. The rate of infra growth is allmost doubled compared to UPA era. That too without any significant manpower/job creation but simply down to productivity and realtive honesty Link to comment Share on other sites More sharing options...
velu Posted March 18, 2019 Author Share Posted March 18, 2019 11 minutes ago, mishra said: @zenis absolutely correct. China is next USofA, unless USofA breaks it. India can can not afford to burn bridges with China. India is a baby in front of Chinese dragon. Know your “aukaat” and don’t start with Lahori logic. Simple as that. No one but only a UN P5 nation can and has ability to take a fight against another UN P5. So stop dreaming on taking on China. The day Chinese want, they can start vetoeing anything and everythin India puts in UN. So, Just create bilateral relationships so expensive that they start listening to us. probably you should brush up about trade wars .. even philippines fight back economically when threatened by china even huawei india is crying about us interference in its operations in india .. we are net importers from china and we dont import any cutting edge products .. FYKI chinese autoloom costs 50 to 75% of the korean auto looms .. Link to comment Share on other sites More sharing options...
mishra Posted March 18, 2019 Share Posted March 18, 2019 1 minute ago, velu said: probably you should brush up about trade wars .. even philippines fight back economically when threatened by china even huawei india is crying about us interference in its operations in india .. we are net importers from china and we dont import any cutting edge products .. FYKI chinese autoloom costs 50 to 75% of the korean auto looms .. See, Trade war is on. But India is not Philipines that it will take US side so easy. It has got 1.3 billions to feed. US cant afford to feed us all. Also, Chinese give a damn at which side Philipines is. Chinese will come back at India very heavy, just as they put UK and Canada in their places for siding with Trump in Huawei war. Infact they are not far from catching the ball of Juncker/EU/Merkel for siding with Trump ( Check BRI in Italy and Europe). So no bravado. Expectation is that West which has started serious Economic war against Chinese, may see some results in next 10-15 years. Best policy is not to do anything which may be seen as siding with USofA Link to comment Share on other sites More sharing options...
G_B_ Posted March 18, 2019 Share Posted March 18, 2019 20 minutes ago, velu said: probably you should brush up about trade wars .. even philippines fight back economically when threatened by china even huawei india is crying about us interference in its operations in india .. we are net importers from china and we dont import any cutting edge products .. FYKI chinese autoloom costs 50 to 75% of the korean auto looms .. how did they do that? China virtually took over the sparty islands. Duterte stresses Philippines not equipped to wage war with China Read more at https://www.philstar.com/headlines/2019/03/10/1900300/duterte-stresses-philippines-not-equipped-wage-war-china#FA8fyTTyWbScIXOl.99 Link to comment Share on other sites More sharing options...
velu Posted March 18, 2019 Author Share Posted March 18, 2019 (edited) 16 minutes ago, mishra said: See, Trade war is on. But India is not Philipines that it will take US side so easy. It has got 1.3 billions to feed. US cant afford to feed us all. Infact they are not far from catching the ball of Juncker/EU/Merkel for siding with Trump ( Check BRI in Italy and Europe). So no bravado. Expectation is that West which has started serious Economic war against Chinese, may see some results in next 10-15 years. Best policy is not to do anything which may be seen as siding with USofA FYKI , we already levy 30/40% tariffs on chinese tyres .. no do the maths , who is going to suffer more in case of tarriff war .. and primary goal is not even a tariff war .. blocking huaweis networks .. huawei india is already crying foul for the last 1 year Quote Also, Chinese give a damn at which side Philipines is. Chinese will come back at India very heavy, just as they put UK and Canada in their places for siding with Trump in Huawei war. huwaei founders daughter is in canada , eating jail food .. i really dont know what china did to UK .. and what kind of things china can do to india other than warning us ? Edited March 18, 2019 by velu Link to comment Share on other sites More sharing options...
velu Posted March 18, 2019 Author Share Posted March 18, 2019 2 minutes ago, G_B_ said: how did they do that? China virtually took over the sparty islands. Duterte stresses Philippines not equipped to wage war with China Read more at https://www.philstar.com/headlines/2019/03/10/1900300/duterte-stresses-philippines-not-equipped-wage-war-china#FA8fyTTyWbScIXOl.99 china went back and donated 12/13 billion dollars, for that dutrete said china is their proseident .. australia which is one of the rare countries which has trade surplus with china banned huwaei and zte long back .. what china did to australi .. nothing but empty threats most of the modi bhakths are complete blind .. only thing they want is revenge with pakistan Link to comment Share on other sites More sharing options...
mishra Posted March 18, 2019 Share Posted March 18, 2019 BTW, If China wins, the trade war, IMF, World Bank and all will become less powerful compared to Chinese Asian Bank ( offcourse we will become second by a huge gap but nevertheless beneficiaries. Link to comment Share on other sites More sharing options...
mishra Posted March 18, 2019 Share Posted March 18, 2019 4 minutes ago, velu said: FYKI , we already levy 30/40% tariffs on chinese tyres .. no do the maths , who is going to suffer more in case of tarriff war .. and primary goal is not even a tariff war .. blocking huaweis networks .. huawei india is already crying foul for the last 1 year Yes, UK, Canada and now probably EU will meet same fate for blocking Huawei. Track news for Huawei for last 3 months and you will see how countries backtracked. As long as we can put the blame on Americans, and delay, we are good. Link to comment Share on other sites More sharing options...
velu Posted March 18, 2019 Author Share Posted March 18, 2019 and even NZ banned both huawei and zte https://www.straitstimes.com/asia/australianz/new-zealand-says-huawei-ban-not-because-its-chinese Link to comment Share on other sites More sharing options...
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