#CutTheClutter
Thought of the Quad gathers heft as two ex Aussie PMs, from Proper & Left write articles backing it, commerce with China emerges as a key strategic situation & PM Modi speaks as Chair of the UNSC on maritime safety. In episode 808 of #CutTheClutter Shekhar Gupta traces India’s failure to chop commerce imbalance with China, and the rising consensus to include China.
Dropped at you by @Kia India
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India: let's hurt china where it hurts the most.
Statistics:😁 well done.
China buys our ore and sells it bck in finished goods. Sounds familiar .
I am not sure if India should have joined Quad. This alliance will clearly undermine any reasonable chance of India n China to come to some understanding. Quad is only in the interest of the West. No direct benefit for India.
Looking at China sitting in India is full of clutter! One should look at what 97 countries of the world are saying..and not 18 countries that are not able to say to Americans. Sad.
Quad is nothing but a pack of dogs barking for the US, which incidentally has just run away from Afganistan with its tail between its legs.
SHAME ON YOU MODI FOR BRINGING INDIA INTO THIS MESS, EVEN AUSTRALIA AND JAPAN ARE PLAYING 2 SIDES BY JOINING THE RCEP WITH CHINA.
Dalali kre ho
…ka??
Interesting concept of economic and trading…..I don't want to buy your food because you have a different skin color or thoughts compare to me. Islamic world did that with halal non halal, religion doing that, dividing people what and how they buy or trade….so democratic, non democratic, communist, non communist trade does that…is this a new text concept of capitalism? Maybe a university should expand capitalism and wealth of a nation concept to new graduates….such concept, religion, politic, having influence on capitalism
Shekhar, please add another data point and that would give the correct picture. India’s export to China is end use. India’s largest imports from China (chemicals, api and auto components) are converted to value added goods. The exports from those, be it Pharma or Auto ancillary, is India’s large export to the West.
Kevin is proChinwes, speaks Mandrain fluently, daughter married to a Chinese and will not be neutral with China.
The comment in The Australian "China exploited the West's goodwill and wishful thinking to steal our technology and undercut our industries" is basically the equivalent of the West's colonisation of many countries in Africa, in the Subcontinent, in Latin America, Canada….the list is long. At that time they didn't even show any goodwill…they came to tell all these countries that you are stupid because of the colour of your skin and the 'white man's burden' is to civilise the barbarians. In lieu of this great service of colonisation they were entitled to kill, starve, hang and basically do whatever they wanted to the colonised. (Which includes stealing all their raw materials). As long as the West is rich and has the upper hand things are fine. But the minute anyone who is not the 'West' starts getting rich and outperforms their economy it simply isn't acceptable. Every nation has its ascendancy and when the hubris sets in then the decline and ultimate death occurs. Be careful India…look at what your friends from the Quad did to Afghanistan….
Let’s swap raw materials between Australia and India.
Good job in detailing the trade with China. India is not a business-friendly country unlike many of its Asian neighbors and the rulers since independence including PM Modi are not willing to change that. Our dependence on China is going to continue for a long time. Since our politicians are frightened of the possibility of loosing power if the the country become very prosperous and the changes as a result of it, they fiercely support the status-quo. Our country unfortunately is very lawless and as a result largely ungovernable. China has largely reformed its police and judiciary (which is critical for economic development) after Deng's days, while PM Modi is reluctant to do so in spite of his party's massive majority in the parliament!
That is one faced of the china India trade, ie, a near unsustainable trade deficit. But if one go deeper what items we import, what is the impact of those imports?
If we set aside our concern of making our enemy richer, let's see what really it mean to us,
1. Cheaper import means savings of FC, means lower CA.
2. Import of semi processed items on which we add value and re export it, eg, medicine ingredients, silk yarn, chips etc.
3. Strategic leverage against china, nobody want to Loss good customer.
We should be realistic, first by making us self sufficient in materials which r feasible, medicine ingrd, circuit board, electricals, agri chemical. We sud not sololy rely on wishes of right wing hawks or left wing pessimist. Finally we sud assess china through our eyes using chanakya niti not with western eyes, first to betray us will be UK, Italy & Germany licking chinese boot. If china can be our friend let it be. Because nation is first not self inflicting out dated philosophy.
Look, the only problem in the way of India-Australia trade deal is milk. India would never open up allowing cheap milk powders from Australia into India. Doing so India will destroy livelihoods of its dairy farmers. Only way we can compete with china is to rapidly industrialise the country. For that we don't meed trade deals we need original and intelligent entrepreneurs. Go to top engineering colleges and give incentives to set up industries
Please remind your viewers that Austrailia is one of the most racist country in the world. the world benefited greatly from the hard works of the Chinese people. They have been working hard with very low wage, so that the world can enjoy all the quality goods that we are enjoying now. Without China, we would be paying many time the price of every day items! China is the economic engine of the world. I hope that India would be not again be used by the colonial power to wage war again China.
government talk to stop china imports but modi government dont want to stop it
What prevents India’s big corporates like Reliance , Tatas etc to invest in electronics and communication tech. They are ready to invest in defence tech . Steel – India is second largest steel manufacturer now ( 100 million tons) after China which manufacturers nearly 800 million tons . Iron ore is probably one of the very essential few items China wants from India (and Australia ) since they have shortage to meet their massive steel capacity . India should export more steel but steel plants are very expensive to build and our capacity just about meets our demand . In addition GOI doesn’t invest in steel plants now
Australian wine is a minor issue
You missed the China’s world dominance in REM – rare earth materials ( Co, Nd, Pd etc) which are the most essential in pm motors , EV batteries , mobile phones.etc. But REM manufacture not only requires the minerals but also has considerable technology and environment concerns . This is where Australia and West can collaborate with India . But I think that the Indian environmental protesters will put the road blocks . They want mobiles and EVs but don’t know how they can be made without REM imports from China
I-RRRoN ROD ..I-RROn ORE ..LOL
Great experience Sir
Brother If invest and i make 10 % Profit i am Happy All The Investers Have Been Making 90 % Profit From China This Is Not Buisnnes Its All The P Going To There Friends Not TWO The E COmIMINEY.
A Rip OFF For The State?
we have to DE China and take the rest off Other States UP , CHINA Has HAD ITS UP Lift LETS Give THIS TO OTHER STATES AND FUCK THE WTO AND CV 19 >
New Zelend IS A pub OF The Problem,
CHINA Will Have To Find More People TO Live In There Shit Build Crap Homes? We Have 50 Mill Emptey Homes Build On Sand , OSIESOMIES? SAND?
THEM HOMES SHOULD BE IN INDEA Wher People SHOULD BE Living THER FAMILEY LIVES AND Bring UP THE LIFE STANDERS ? ONE FOR ONE WORLD?
Brother ECO AND LA AND POLs WILL Work Out , CHINA Is A BUSTED FLUSH, MACRO , SUS, AND Partners AS WITH THE UK WILL Have GO Back To your Country And WORK FOR The Best Intrest For ALL Conserned? and be our Intenallal partner in TRADE?