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How about inflation ?? Why it increased to that high ? Reform sounds a good idea. China also needs a lot of reforms.
Rise in the demand of goods. High growth brings high demand and thus causing inflation. Our central bank also formulate policy so that people save more money to curb inflation. Agricultural sector in India also need attention. Because of the British rule, people are against foreign investment, British(East India company) initially came as traders and later became conqueror.
What are the reforms you are talking about in China.