红火树 RedFireTree
Hindustan Times
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Comments by "红火树 RedFireTree" (@firetree2007) on "Xi Panics As China Economy Slows? 8,700 Bankers Face Heat: ‘Even Rich People Not Investing In IPOs’" video.
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Let me tell you another info that most Indians do not realize, for R&D, India put 0.65% of its GDP, which is $ 3550 billion x 0.0065 = $23 billion (for an entire country) of this year, however, for Huawei, this private company in China, , for the year of 2022 Huawei spent nearly $25 billion on R&D. So Huawei itself beat the whole India on R&D. for China, R&D is 2.5% of GDP, that is $18 trillion x 0.025 = $450 billion for R&D for this year, which is 19.5 time more money than India.
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India's growth dropped from 8.3% to 6.7% already, next year will be dropped more, to 6.4%, Indians boast they can do math, so do it. If India wants to reach today China's GDP, which is $18 trillion in 2047. India needs to have a growth rate of above 7% for consecutive 23 years, yet your growth rate has already dropped to below 7%. which means, in 2047 you cannot even reach today's China's level.
let me tell you why, that is when China had the same GDP as India at $3.55 trillion, China's growth rate was 12%, not 7% a year.
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