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China might have a huge bad debt problem, but theyre a more efficient and better manufacturer that India. They can crank up production on anything faster than a
by drumhead 4y ago
China might have a huge bad debt problem, but theyre a more efficient and better manufacturer that India. They can crank up production on anything faster than anyone else. They're not done by a huge margin. India is up and coming and I can see a large amount of business coming it's way, and I'd much rather invest in India than China, but I don't think it will ever come close to knocking China off it's perch.
- factorialboy 4y agoThat's a fair point. China remains a manufacturing powerhouse, while the likes of India, Vietnam etc. also make rapid strides. Just look at the trend towards "friendshoring" / "allyshoring" and the likes of Apple, Samsung etc. moving manufacturing from China to India / Vietnam. Also, it helps in stable growth that India's population is growing and consumption is internal. "Strawman arguments" such as war with China, ecological crisis etc. are redundant. It goes without saying that if there's a major ecological crisis or a war, India could suffer. Any country could suffer with those conditions. These are but one of many factors in a prediction model, and dare I say these aren't decisive factors.