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KK C
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Comments by "KK C" (@k.k.c8670) on "Back in Business: Why European Leaders Are Making a Beeline For China | Vantage with Palki Sharma" video.
French luxury goods companies and German car as well as industrial equipment manufacturers can't survive without the chinese market. VW sells over 40% of all the new cars they make globally to China. French luxury brands like Hermes get over 25% of their global revenues from China.
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@ivanteo1973 hmm.. IMF says India will grow 6.8% while China at 5.2 this year. Take out your calculator. 5.2 % in China growth is like adding 25% of India entire GDP in a single year! 6.8% is not high enough when you are a 3+T economy with 1.4B people. And high growth has to be continuous for a good number of years. China was growing at above 10% consecutively for years at that stage.
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@ivanteo1973 really dude? You are comparing Indian market to Chinese market? Get a passport and take a trip to Beijing or Shanghai or any other T1 and T2 cities. They are littered with western shops of premium brands. There is a reason for that.
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@ivanteo1973 or just visit any luxury brand store in Paris or Milan or Singapore. They are crowded with China Nationals. (edit: and Japanese and US nationals too)
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@ivanteo1973 hahaha... Now you are sounding more and more like a typical Indian although I think you are not. Wife? Relatives? Use facts... Starting with population
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@zvast China has excellent EVs like BYD, Nio and Xpeng. It's the biggest car market in the world. All major global brands are there to cater to it.
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@zvast here comes the usual Indian sour grapes allegation. What car is copied? You don't even know the market and you talk nonsense. Why do Indians behave this way? Hmmm
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China and EU are natural business partners. It's the US that gets in the way.
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