Posted on 11/17/2006 4:43:28 PM PST by mylife
We will never allow India to overtake economically: China
Press Trust of India
Beijing, November 16, 2006
China has dismissed global forecasts that a democratic India will overtake the Communist giant on the economic front by 2020, saying those predictions lacked "statistical evidence".
"There is a prevailing belief in the international community that India will overtake China by 2020. This statement lacks statistical evidence," Secretary-General of the China Council for the Promotion of International Trade (CCPIT), Wang Jinzhen said.
"Both are moving towards prosperity. Reform and opening up in China began in 1978 which prompted rapid economic growth. India also launched reform measures in 1991, which followed a policy of liberalisation and globalisation," he said.
"China and India are following two very different development models," Jinzhen said when asked to comment on the findings of the World Economic Forum 2006 global competitiveness rankings, which placed China 11 places behind India.
Reacting to some global experts who likened China and India to the tortoise and the hare in Aesop's famous fable, Jinzhen said "To use the analogy of the race between the tortoise and the hare for the competition between China and India is fantastic."
"Only when the hare (China) naps does the tortoise (India) overtake the hare. China will never 'nap' in the process of its economic development," he told People's Daily, the official mouthpiece of the ruling Communist Party of China (CPC) in a recent interview ahead of Chinese President Hu Jintao's visit to India.
Last year, China's GDP was the fourth largest in the world and India also ranked in the top 10. Both China and India are experiencing rapid economic development and expect a bright future. This has attracted worldwide attention, Wei acknowledged.
"It doesn't matter whether China surpasses India. The key issue is how to keep China on a path of sound development, with long-term, rapid and sustainable growth," the senior Chinese trade expert said.
If India steals China's Walmart market China's going to be up a creek.
That's why it's so important that we do everything we can to help India grow. Within the next 30 years, I predict that India will either be one of our most important allies, or one of our biggest problems. The only way the latter will happen is if we allow other countries to get their foot on their throat.
If that is the case, then you [China] need to start kissing the USA'a ass! Our corporations control you! We pull out... you die!
When labor gets too expensive in China, multinational corporations will just move their operations to India.
India will become a major economic power for the same reason that Ireland has recently become very prosperous...English is widely spoken and the educational system is surprisingly strong.
That ia a very good point
With the way China has behaved in spite of the US kissing their A$$ since Nixon, I'd like to see the money going to India as opposed to China or GULP!, Vietnam. Soon Iraq will be our enemy and we will reward their killing of Americans with large Oil contracts. Take that prediction to the bank.
It is a good point.
Skilled labor is hard to find though, and that is the weakness that plays in China's benefit.
Gopala
Regardless of literacy rates, I would suggest that we help India as a hedge against China.
I know India has plenty of Commies but at least the overall Gov is free and more inline with the west than China
By 2020, almost 30% of the Chinese population will be over 60.
Of those under 60, about 60% will be men and 40% women.
That doesn't sound very promising. How do things look in India?
China has a shortage of workers?
Who'd a thunk it?
Your 50% statistic misses an important point - India has a middle class as populous as population of the entire United States. This middle class is highly literate in English. Ireland? Ireland is a drop in the bucket compared to the potential of India's burgeoning middle class.
It has been less than 10 years since Indian began to give up its fabian socialism. A lot more freedom there than in China.
Based on what I've seen at the University where I work, the Chinese students we are educating in PHD programs, far, far outnumber those from India. The Chinese students work much harder, and in my opinion, are much smarter. They just simply seem more determined to succeed, and I think it's their culture. Whether this translates to a greater economic powerhouse, I don't really know.
One other thing. Not many from either place, after spending several years here, want to go back, ever. Due to enormous opportunity, and freedoms to pursue their dreams, that just don't exist in their home countries.
This tells me we are still WAY ahead of both of them.
Well, if education made a successful country, the Soviet Union would have been the most successful country of all time. They had squads of highly educated scientists and mathmaticians.
But apparently, other factors are important....
This is just BS spin. What India calls "middle-class" the developed world would call abject poverty at least in exchange rate terms. If you take what India defines as middle class, then practically all of China would be middle class.
A communist China competing economically with a socialist India?
Who'd a thunk it.
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