China, too, can learn from India
Updated: 2014-05-29 08:44
(China Daily)
|
|||||||||
Whenever you compare China and India in economic terms, India always loses because China rules in almost every department. But is it really true that China's economy is better than India's?
We can see the merits of India's economy if we don't focus on GDP. China's strict family planning policy means a larger aging population and smaller working-age population. So, in the long run India could overtake China as the manufacturing base because of its abundant labor force.
Most of the industries that have made China the "world's factory" are not even Chinese. For example, although China is the largest electronics exporter in the world, it gets only 4 percent of the profit share because "over 90 percent of China's high-technology exports are actually by foreign - not Chinese - firms". On the other hand, India's domestic pharmaceutical industry supplies up to 40 percent of US drugs.
Indians have embraced English as a language of business despite having their distinct languages and cultures, and The Economist says their negotiation skills are superior and more desirable on the world stage.
MUTAFIRE, from China Daily blog
Readers' comments are welcome. Please send your e-mail to opinion@chinadaily.com.cn or letters@chinadaily.com.cn or to the individual columnists. China Daily reserves the right to edit all letters. Thank you.
- Music at her fingers
- Across America Over the Week (Jan 16 - Jan 22)
- Spend Chinese New Year in style
- Ili river valley becomes a popular destination for swans
- Philip Ma: from scientist to businessman
- Birmingham's Spotlight on China dinner
- How to distinguish doucai, wucai, Famille-rose and enamel porcelain
- Xinjiang lake in bumper fishing season
Most Viewed
Editor's Picks
Premier Li attends Davos Forum |
Li Na expecting first baby |
Star's marriage is 'bittersweet' news for fans |
Infographic:Chinese IPOs in the US in 2014 |
Tale of two cities |
China's 2014 diplomacy |
Today's Top News
Houston's SW Chinatown
China to focus on reforms, opening of capital market
Slowdown brings new risks to banks
Trade group calls for BIT
Market status for China is 'political' issue
Birmingham's Spotlight on China dinner
Bank takes renminbi-clearing seriously
Traditional Garb
US Weekly
Geared to go |
The place to be |