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I have seen this set of data: looking at the export value of goods, India lags behind China by 17 years; Looking at the total amount of foreign exchange reserves, India lags behind China by 19 years; Compared to the actual amount of foreign direct investment utilized by the two countries, India is only equivalent to China from 2003 to 2004, lagging behind by 20 years. Observing the research patents of China and India, India lags behind China by at least 21 years. The authenticity of these values has not been verified by Nansheng and is for your reference only. But this reminds me of another question worth paying attention to, which year is the level of India's economy comparable to that of our country? Focus on comparing economic scale and per capita GDP Taking the GDP of China and India in the past year as an example, India's economic scale in 2023 is approximately 288.3 trillion rupees, or 3.49 trillion US dollars. There is no exact matching year, the closest is 2007, with Ch...

Unconsciously, the A-share market has been adjusting for another month. From the A-share market in the past two months, the Shanghai Composite Index broke through the volatile range at the end of April and peaked at 3174 points on May 20th, even giving investors hope of breaking through 3200 points at one point. However, from May 20th to present (until 20240620, the same below), the Shanghai Composite Index has once again entered a downward range, during which all industries in the Shenwanwan level, except for power and public utilities, as well as electronics, including chips, have fallen across the board. Since the beginning of the year, excluding the stock market crash caused by the liquidity crisis of small and medium-sized A-share stocks before the Spring Festival, this round of A-share decline has been particularly long. At the same time, the Shanghai Composite Index has once again experienced a rare "four consecutive negative" weekly candlestick, and the Shanghai Compo...

The low altitude economy has become popular, and various regions have become busy. Since the end of last year when the Central Economic Work Conference included the low altitude economy as a strategic emerging industry, at least 29 provinces and cities have included this term in their government work reports. Various regions have established industry investment funds of varying sizes to invest money, land, and policies, striving to become "cities of the sky". This is another round of competition between cities, following real estate and new energy vehicles. An industry insider who helps a local government attract investment told Dingjiao that since the beginning of this year, there has been a high level of enthusiasm for low altitude economy in various regions. Although the implementation is very cautious, research is very frequent. Officials responsible for attracting investment in some cities have started to move around. A CEO who started a business in Beijing told Dingjiao...

On June 17th, the Ministry of Human Resources and Social Security officially announced the adjustment plan for employee pension in 2024, with a 3% increase. On average, the monthly pension will increase by about a hundred yuan. From 2005 to 2024, employee pension has been increasing continuously for 20 years, with an increase of 10% for 8 years. Starting from 2016, it has been decreasing year by year, with increases of 4.5%, 4%, and 3.8% in the past three years, and then decreasing to 3% this year. This indicates that the downward trend in the increase is inevitable. But anyway, the continuous increase in pension for 20 years is enough to make working people envious. How many migrant workers can have their wages continuously increased for 20 years? After working for 10 years, most people's wages have basically reached the ceiling, and the growth is almost stagnant. This year's adjustment plan is not significantly different from previous years, and will continue to adopt quota a...

 The US dollar is the world's largest currency, and it is precisely because of this that the United States established a financial empire. The cyclical alternation of the Federal Reserve's policies and the loosening and tightening of them have caused cyclical fluctuations in the US dollar, and the vast majority of countries' currencies are forced to fluctuate with the US dollar. During this process, during certain periods, some countries were reaped by the US dollar empire. The following chart shows the US dollar index. Around 2000, several years after the outbreak of the East Asian financial crisis, the US dollar remained at a historical high, and the entire East and Southeast Asia were harvested. Although the currency in mainland China has not depreciated significantly, the economic damage has been quite severe. Not long after graduating from Lao Yang University, he faced a dual dilemma of improving state-owned enterprises and facing the East Asian financial crisis both d...

According to financial statistics released by the People's Bank of China on the 14th, China's RMB loans increased by 11.14 trillion yuan in the first five months, of which loans from enterprises and institutions increased by 9.37 trillion yuan. According to data released by the People's Bank of China, the balance of RMB loans in China reached 24.873 trillion yuan at the end of May, a year-on-year increase of 9.3%. By sector, in the first five months, household loans increased by 889.1 billion yuan; Loans from enterprises and institutions increased by 9.37 trillion yuan, of which medium and long-term loans increased by 7.11 trillion yuan. From the perspective of money supply, at the end of May, the balance of broad money (M2) was 301.85 trillion yuan, a year-on-year increase of 7%; The balance of narrow currency (M1) was 64.68 trillion yuan, a year-on-year decrease of 4.2%. In addition, in the first five months, China's RMB deposits increased by 9 trillion yuan, of which...

On June 15, CCTV News reported the relevant news of China in the fields of transportation, people's livelihood, network information management and ecological protection. In addition to a number of blockbuster financial data released by the People's Bank of China, as well as the good news of China's foreign trade development, the growth of various data is encouraging, and China's economy shows strong resilience and potential. In May, China's overall trade in goods remained stable with progress, and the performance met expectations. From an industry perspective, the market demand for consumer electronics, home furnishings, and some high value-added electromechanical products is stable. Firstly, consumer electronics products have gradually resumed growth after overcoming cyclical lows. According to statistics, global shipments of mobile phones and laptops increased by about 10% and 4% respectively in the first quarter, indicating a significant recovery and recovery mom...