Until the early 2000s, China was actually poorer than India

[Beijingwalker]

Until the early 2000s, China was actually poorer than India
December 23 2023

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[Beijingwalker]

20 years ago China was still one of the poorest countries in the world,
China's official statement made a very " optimistic" projection of China's future economy growth at the turn of the century. To uplift the national spirit in the beginning of a new century, China optimistically predicted that China would overtake Japan in GDP by 2050.

China acutally did it in 2010, 40 years earlier than that "optimistic" prediction made in 2000.

 

[VCheng]

20 years ago China was still one of the poorest countries in the world,
China's official statement made a very " optimistic" projection of China's future economy growth at the turn of the century. To uplift the national spirit in the beginning of a new century, China optimistically predicted that China would overtook Japan in GDP by 2050.

China acutally did it in 2010, 40 years earlier than that "optimistic" prediction made in 2000.

View attachment 2700
optim

China has indeed made one of the most remarkable economic miracles of modern times. Without a doubt!

 

[Beijingwalker]

Though China' s per capita GDP seemed to be lower than India's in the early 2000's, but China had already established a pretty strong industrial base and a fairly complete and healthy supply chain by then, and a large skilled workforce was already in place. And China's foreign trade had already made significant inroads.

China wouldn't be able to achieve today's miracle without the hard preparation work done before the turn of the century. India's GDP number looked better than China's only on paper, but like today's US GDP, doesn't really have much substance, doesn't really reflect a country's real overall hard strength and people's actual well being.

In a nutshell, Some countries high GDP numbers only look good on paper, but don't mean much in real life.

 

[ety]

I doubt the hundreds of millions of Indians living in the slums were indeed actually better off than the poor population of China at the time around 2000 or somewhat earlier, don't know how they calculate the figures. The GDP per Capita of China was around $1000 while that of India was around $450 at year 2000. It might well be the Chinese living in extreme poverty were actually having quite higher income than those people in same category in India, eventhough both of them were classified as in extreme poverty. Besides, India was/is so dirty that would make most people walk away, and China was never that bad in cleanliness.

But, before 1990 the economic reform took off, nearly all Chinese were poor becos of the egalitarian socialist system.

 

[ety]

Though China' s per capita GDP seemed to be lower than India's in the early 2000's,

That is incorrect. The GDP per Capita of China was around $1000 while that of India was around $450 at year 2000.

 

[S10]

India was doing better economically until mid to late 1980's. The 90's and early 2000's were two great decades for Chinese economic growth.

 

[retaxis]

Many Chinese were living in clean slums called ping fang up until the 2000s and then all of them got knocked over and sky scrapers built in their place. I still remember my aunty ping fang in the 90s and many households share one toilet. But still infinitely better and cleaner than indian slums of today.

 

[神威98]

There are 3 kinds of lies: Lies, damned lies, and graphs/statistics! Anyone who honestly believes the Indian man lived better than Chinese needs to get their head checked...

 

[BHAN85]

One Han Chinese people can't be divided by enemies.

But, twenty ethnicities in India, it's already divided.

China grow without stops, meanwhile rest of developing world, it's kept in a eternal "developing" status, it's not only India, it's Latin America, and whole developing world. It's not a error, it's a well executed plan by developed states.

 

[Beijingwalker]

One Han Chinese people can't be divided by enemies.

But, twenty ethnicities in India, it's already divided.

China grow without stops, meanwhile rest of developing world, it's kept in a eternal "developing" status, it's not only India, it's Latin America, and whole developing world. It's not a error, it's a well executed plan by developed states.

Even when we are overseas

 

[BHAN85]

Even when we are overseas

View attachment 5871

Here in Spain too, 300k Chinese people: Zero problematic, zero criminality against Spaniards (unlike all other foreigners), hardworking people, and they dont mix with the locals, they keep themselves united.