Chinese Economy Watch

[srev2004]

India's Unified Lending Interface (ULI): A check against China Crypto Loan Wolves

Discover how India intends to bring Unified Lending Interface (ULI) system to check the growth of Chinese Crypto Loan apps that target the country's lower income groups with predatory policies.

www.cryptotimes.io

India just launched ULI, this will massively protect Indians from loan sharks and democratize the access to credit.

 

[rockdog]

You are confusing digital wallets with digital transactions. India is #1 in the world in digital transactions.

India accounts for 46% of all digital payments in the world: RBI governor

RBI Governor Shaktikanta Das reports 90-fold growth in digital transactions in India, with UPI leading the way.

www.thehindu.com

"Daily digital transactions in India using UPI equivalent to population of EU," PM Modi highlights success of India's Digital public infrastructure

New Delhi [India], August 22 (ANI): Speaking at the Indian Diaspora event in Warsaw on Wednesday, Prime Minister Narendra Modi highlighted the significance of digital transactions by drawing a comparison, noting that the daily volume of digital transactions conducted through UPI in India now...

theprint.in

To be frank, u guys have many ways of definition of things, I haven't touch any physical note for 8 yrs.

I remember you claimed India had more roads than China. We don't quite compare those numbers with India in our cyber spaces, if you check weibo, most such comparison made by India and western media.

Govt Shifts to ‘Lane Kilometre’ Concept to Calculate Road Length​

Govt Shifts to ‘Lane Kilometre’ Concept to Calculate Road Length

Minister of Road Transport and Highways, Nitin Gadkari, announced that the government has adopted a new lane-kilometre method to measure its highways, instead of the earlier used linear method.

www.google.com

 

[srev2004]

India’s plan for a world without cash | Lowy Institute

Every day, almost half the globe’s digital transactions take place in India. The country is primed to own the domain.

www.lowyinstitute.org

Why India Leads in Digital Payments

Fintech has the potential to fully drive India’s economy. One major factor: the Reserve Bank of India has enacted progressive regulations at a rapid pace.

a16z.com

Where Digital Payments, Even for a 10-Cent Chai, Are Colossal in Scale (Published 2023)

India’s homegrown instant payment system has remade commerce and pulled millions into the formal economy.

www.nytimes.com

 

[srev2004]

How India moved so quickly. More than 12,000 miles of track were electrified in India between 2011 and 2020, and another 12,000 miles were electrified from 2020 to 2023. Support came from the top. “India's prime minister set a really clear directive that he wanted India to get to 100% electric rail,” Agelidis says.

By 2024, almost 100% of India's rail is electrified. What is China's rail electrification coverage?

 

[srev2004]

 

[rockdog]

How India moved so quickly. More than 12,000 miles of track were electrified in India between 2011 and 2020, and another 12,000 miles were electrified from 2020 to 2023. Support came from the top. “India's prime minister set a really clear directive that he wanted India to get to 100% electric rail,” Agelidis says.

By 2024, almost 100% of India's rail is electrified. What is China's rail electrification coverage?

Tibet railway system is not covered, but can you build it in such area?

 

[srev2004]

To be frank, u guys have many ways of definition of things, I haven't touch any physical note for 8 yrs.

I remember you claimed India had more roads than China. We don't quite compare those numbers with India in our cyber spaces, if you check weibo, most such comparison made by India and western media.

Govt Shifts to ‘Lane Kilometre’ Concept to Calculate Road Length​

Govt Shifts to ‘Lane Kilometre’ Concept to Calculate Road Length

Minister of Road Transport and Highways, Nitin Gadkari, announced that the government has adopted a new lane-kilometre method to measure its highways, instead of the earlier used linear method.

www.google.com

View attachment 7853

These highways are only on Eastern Seaboard between large cities. Most of Chinese highways are like this...

Sichuan-Tibet Highway Southern Route G318​

 

[rockdog]

India’s plan for a world without cash | Lowy Institute

Every day, almost half the globe’s digital transactions take place in India. The country is primed to own the domain.

www.lowyinstitute.org

View attachment 7855

Why India Leads in Digital Payments

Fintech has the potential to fully drive India’s economy. One major factor: the Reserve Bank of India has enacted progressive regulations at a rapid pace.

a16z.com

View attachment 7856

Where Digital Payments, Even for a 10-Cent Chai, Are Colossal in Scale (Published 2023)

India’s homegrown instant payment system has remade commerce and pulled millions into the formal economy.

www.nytimes.com

View attachment 7857

China been cashless society for 10 yrs.

I only need one minute to get my 2017 expense and 2023.

In 2017 i spent USD15K and USD20k in 2023

 

[srev2004]

India's highways in metropolitan areas look like this:

Noida - Gurgoan Expressway

 

[srev2004]

China been cashless society for 10 yrs.

I only need one minute to get my 2017 expense and 2023.

In 2017 i spent USD15K and USD20k in 2023

View attachment 7860


View attachment 7861

Can you write down your understanding and the definition of a digital wallet and a digital transaction?

 

[srev2004]

This is Hyderabad Outer Ring Road


View: https://www.youtube.com/watch?v=WYlOAccD8-U

 

[rockdog]

These highways are only on Eastern Seaboard between large cities. Most of Chinese highways are like this...

Sichuan-Tibet Highway Southern Route G318​

View attachment 7859

Dude, G318 is not "HighWay" it's national express way, free of charge.

G6 the Beijing -Tibet highway, a typical highway looks like this.

 

[srev2004]

Dude, G318 is not "HighWay" it's national express way, free of charge.

Beijing -Tibet highway, a typical highway looks like this.

View attachment 7862

View attachment 7863

So four lanes. Most Indian highways in even remote regions look like this. You are not really making good points here. Indian population distribution is equally distributed throughout India with 52 arable land, so you will have extremely good connectivity in India. China cannot compete with this, since your population is concentrated on eastern seaboard.

 

[rockdog]

Can you write down your understanding and the definition of a digital wallet and a digital transaction?

For last 10 yrs, most Chinese business activities based on digital transaction. If you consider 6 times GDP gap, i don't know how to get ur figure.

 

[srev2004]

Indian Road Network



Our only area with low connectivity is North East, and that is being solved at lighting speed.

Chinese Road Network. You can clearly see the difference.

 

[srev2004]

For last 10 yrs, most Chinese business activities based on digital transaction. If you consider 6 times GDP gap, i don't know how to get ur figure.

Can you write down your understanding of what UPI is and the protocols that it uses? Can you explain why it is more beneficial and reaches larger populations. Unless you understand this basic concept, your worldview will be insufficient to understand what I am saying.

 

[rockdog]

So four lanes. Most Indian highways in even remote regions look like this. You are not really making good points here. Indian population distribution is equally distributed throughout India with 52 arable land, so you will have extremely good connectivity in India. China cannot compete with this, since your population is concentrated on eastern seaboard.

View attachment 7864

View: https://youtu.be/xGYotI2VGjA?si=Wohwn562XIuYjQ6N

 

[rockdog]

Can you write down your understanding of what UPI is and the protocols that it uses? Can you explain why it is more beneficial and reaches larger populations. Unless you understand this basic concept, your worldview will be insufficient to understand what I am saying.

I m not pro on financial, but an IT guy. The current financial infrastructure serve me smoothly. If the ranking really makes u proud, good for you..

 

[srev2004]

Indian highways. They look just as big as Chinese highways to me.

 

[srev2004]

I m not pro on financial, but an IT guy. The current financial infrastructure serve me smoothly. If the ranking really makes u proud, good for you..

So you refuse to understand the differentiation. This is a strawman argument and a common tactic to change goal posts. Your refusal to expand your worldview limits your ability to debate with critical thinking.

Here is a chart that will help your understanding.