Source: Business Standard
Analysts often compare India and China as two rivals that represent Asia’s rise. But T.N. Ninan, editorial director of Business Standard, throws cold water on the notion of Chindia, arguing that the two countries are not in the same league. The two economies were of similar size in 1978, both approaching $150 billion, but India has fallen behind: China’s GDP of nearly $7 trillion is four times that of India; China’s exports are six times those of India; China’s literacy rate is 94 percent compared to India’s 74 percent; China’s life expectancy is 73, India’s is 64.
Written by Guy de Jonquières, ECIPE Policy Brief No. 01/2012
The global economic crisis has changed the perception that many Western countries shared on China. It is no longer viewed as an unruly and disruptive pupil, but rather a potential financial paymaster. Hence the aim of this paper is to identify and describe the challenges that China is facing in its new role. This paper argues that Chinese developments in all three areas are imposing increasing strains on the country’s political system and institutions and demand new approaches both inside and outside the country. The future for the country is still uncertain due to many vulnerabilities in economic, domestic and foreign policy.
Was bringt das Jahr des Drachens? Es scheint zumindest eine gute Voraussetzung für den (Amerikanischen) Aktienmarkt zu sein. Lassen wir uns überraschen und freuen uns, wenn es mal wieder so ist…