Is China everywhere?
Parth Parikh, FRM
Finsire | FinShiksha | A Junior VC | ex-Fidelity Investments, ICICI Bank, Accenture | NMIMS | FRM
We keep hearing a lot about China and the kind of impact they have on trade and markets. But is it that significant?
Let's find out (the list over here shows the scale and not an exhaustive list in which China leads)
25% of Fortune Global 500 are from China, followed by the USA. And for all those firms, close to 70-75% of the revenues earned from China.
30 Cr people play Basketball in China, and 65 Cr watch at least one NBA game every season. The population of the US is 32 Cr ??
4 out of 5 "Biggest Banks in World by Assets" from China. Hence anything related to credit defaults affects the entire world.
~50% of World Steel Production (followed by India and Japan, which are 1/9 of China). SImilarly for Cement (ratio of China to India is 7:1).
~50% Solar Panel production and ~45% Cargo Ship and related products are from China
China dominates world trade. ~11% of the global trade is controlled by China.
China serves largest export destination for 33 countries and 65 countries dependent on China for Imports. The world is highly dependent on China.
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China controls ~50% of the smartphones exports to the world. China does ~$125 Bn while India does ~$3 Bn.
~70% of smartphones in India are Chinese brands. (28% Xiaomi, 15% Vivo, 15% realme, 10% Oppo)
~16% of the global luxury goods are sold in China.
The craze for outbound destination travel continues - 150 Mn+ outbound tourists every year. From India, this figure is ~30 Mn.
Lastly,
China eCommerce at ~$2 Tn vs Rest of the world put together ~$1.5 Tn.
GMV of Online Retailers in China (Taobao ~$500Bn, Tmall ~$400Bn) vs Amazon US (~$350Bn) and entire eCommerce sales put together in India is ~$40Bn (1/10 of their second-best retailer
Singles Day (concept similar to Big Billion Day in India) Sales by Alibaba ~40Bn = India's yearly eCommerce Sales ??
What do you think now? Do share and comment.
Also, if you want to know any specific number from China then do comment, will try and provide the data.
none of the above at Iam at peace at home
3 年China will be everywhere they have done the hard work still continue to do it bcoz their policies r hit with the common man nd they have kept unscrupulous elements at bay in their country nd u will get to see some interesting projects coming-up in the next 5 yrsno doubt their population is their advantage with lower GDP when compared to US with 4 to 5 times more population than US China's economy will only rise at some point in time they will govern the world??
Global Procurement | Contract Negotiations | Source to Pay | Value Engineering
3 年There is a widespread misconception that China's GDP boom is whole and solely because of exports, though exports are still an important factor. The "$2 Tn eCommerce market" points perfectly the boom is now shifted from exports to internal consumption. If India as a nation has aspiration to be like China, the only way is to ensure that more and more households alleviate themselves to middle and upper middle class incomes.
Business Consulting | Finance Transformation
3 年If numbers define success, then China is obviously the successful nation in terms of where it was in the 1970s. Surprisingly when a successful nation is just in our neighborhood, yet we have so little awareness about their culture and way of thinking/working. Can you suggest any particular article/ book that you might have come across where the journey of China (as a nation) has been explained? Thanks again for these insights.
PAPOSUVI Change Advisers & Facilitators
3 年Hi Parth Based on data shared, 2 things are clear: 1. In the race for economic domination, China is way ahead of India; and 2. China is likely to threaten the #1 economic status of US in a decade or so Having said that, What about the recent disruptions affecting their economy? Anything serious? And, their status as a trusted economic partner on the global stage?
Senior Engineer at eInfochips (An Arrow Company)
3 年??