China has the potential; however, there is a problem. If the United States does enter a Depression, they will be dragging China down with them. China's current rise to power is a direct result of American business and industry. Take that away and China's economy will decline as well.
PLS read more news about China on FT or WSJ,then think about your word "
China's current rise to power is a direct result of American business and industry. Take that away and China's economy will decline as well"
fact is that China's economy is still growing at a speed of 6%+ and rebounding whild USA is still in depression.
I have a problem with people claiming that India is going to be the next States too. India has massive social problems. I think it's going to take a lot of domestic work before India is anything other than a lucrative foreign market for other superpowers.
Chinas economy began its growth spree almost 13 years (1979) before India even emerged on the global economic market.
as I know, CHina's economy surpassed India during 1950s-1970s ,although it was a dissatifactory era to Chinese.
fact is that in 1980,China's most economy index,including per nominal GDP and HDI , had supassed India.
PLS do more research and stop citing other's clueless word easily before you make any conclusion.
So what is the key difference maker between India and China?
Currently India has the worlds youngest population - almost 1 out of every 10 people in India is below the age of 25. Thus the country has a ton of fresh minds entering the various industry, business, and education sectors.
While China One-Child policy= parents not desire a female child, more males are born = unequal sex ratio (males: females) in which there are less females for every male in the population
Analysts says By 2015 Chinas population will decrease steadily and government will struggle with providing care to its aging millions.
the fact that "
almost 1 out of every 10 people in India is below the age of 25." has kept so for many decades.
but India has kept be poor for many decades althoug it has many young people for many decades, which has proven that only " many youth" is not enough to "be rich and powerful"
in fact ,many african countries has more youth ,if measured by the ratio of youth/total population.
Chinas current economic growth= resource accumulation from trades.
(Debts from foreign powers while trying to market their goods and resources to a global market)
Indias current economic growth= efficient economic sector
(Focusing on specializing their economy and quality services such as the IT sector, research & development)
well, India is not a fish in the same bottle of China now.
China is a semi-industrialized country ,but India as a whole is still a agriculture-based economy.
In one decade or so, China can finish its industrialization and become a industrialized country. or in another way, China will be a industrialized country when my kid goes to school.
But before you and I die, India can not finish industrialization.
More efficient economy will always overtake simple economics.
China is a leading producer of marketable good and a major mass producer of such goods like toys and the T-shirts.
India is a rising power in the software, design, services and precision industry. There is no other IT sector in the world that can compare to or even hold its own against India.
well, god...pls come to China before you draw any conclusion,ok?
difference is that :
Indian take it for granted that english is most noble and accept english as symbol of " upper class".
CHinese think english is just a tool to develop China and make CHinese y take the place of english someday.
India and China produce over 500 thousand engineers who graduate with high degrees - compared to the 60 thousand who graduate in the US.
quantity does not mean quality.
as I know, students in CHinese universities have increased much since 2000,but the quality of those students go down very much.
When I entered into university in 1990s, university students in China were still "social elites" ,but now university students is as many and cheap as slumdogs in Mumbai.
I don't think that India's "million of university students" are much different from CHinese counterparts.
- India has the 2nd largest English speaking population out of the English nations
- 2nd largest nation with the most English speakers per GDP.
as I posted, Indian are proud to speak english,because they still think speaking english is a symbol of " upper class" ! what a weird idea!
English is nothing but a tool for time being and english as a prime language in the world will not last for ever!
Indian seem that they adoren english soooooo werdly.
- Indias education system has proven to be far more advanced than its Chinese counterpart.
PLS check the literacy rate of both countries before you draw such cluess conclusion.
There are no private run enterprises in China - for the fear of individualization and loss of government control of the country. So while China is relying on foreign investments and trade, India has been developing a wave of homegrown, innovative private companies, especially in high tech & information sector.
guy ,were you from mars several hours ago?
50% of chinese economy now is private sectors..
you seem to have come to the modern world by era tunnel from cold war era.
continue good luck with your dreams..
