Indo-Chinese Economies


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Being in the world for centuries, these two countries share one of the most advanced technologies, traditions, ideals, morals etc from its civilization. From the border issues to the pricing issues India and China are in competition with each other. With the Global diplomacy and the WTO coming in, both of these countries have to move beyond their conflicts and start to cooperate more for sharing the mutual benefits. India is anyways facing a serious threat from China for its cheap manuafacturing capabilities. In the current circumstances, Globalisation requires for the two Nation States to come together rather being in a conflicting situtations. There has to a healthy competition, mutual respect and friendship between the two for countries.

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Indo-Chinese Economies

  1. 1. Presentation on Indo- Chinese Relations of Friends or Foe: From Competition to Globalisation Akshata Srinath, Student, School of Law, Christ University Bangalore.
  2. 2. Objective of the Presentation <ul><li>Indo- Chinese Relationship- Over </li></ul><ul><li> view </li></ul><ul><li>India and China: A long way </li></ul><ul><li>The Conflict </li></ul><ul><li>Globalisation: Under one roof </li></ul><ul><ul><li>Concept of Globalisation </li></ul></ul><ul><ul><li>Indo- Chinese Relations of Globalisation </li></ul></ul><ul><ul><li>Economies at Conflict </li></ul></ul><ul><li>Conclusion </li></ul>
  3. 3. Indo- Chinese Relationship- An Overview <ul><li>Indo Chinese relations or the Sino-Indian Relations </li></ul><ul><li>Two largest developing countries in Asia, i.e. India and China. </li></ul><ul><li>Bitter and Sweet Relations- over the last ten years </li></ul><ul><li>Need of the Hour stated Prime Minister Mr. Manmohan Singh in Beijing in 2008 “...resolve to promote the building of a harmonious world of durable peace and common prosperity through developing the Strategic and Cooperative Partnership for peace and prosperity between the two countries...” </li></ul>
  4. 4. India and China: A long way <ul><li>India </li></ul><ul><li>The functioning private sector and public sector. </li></ul><ul><li>After the crisis in 1991, India still follows the participatory multi party democracy. </li></ul><ul><li>Population growth rate of 1.4% and literacy rate of 60%. </li></ul><ul><li>The Indian labour force is 406 million, with 60% in agriculture, 17% industry and 23% services. </li></ul><ul><li>China </li></ul><ul><li>The centrally planned and non market economy </li></ul><ul><li>China has authoritarian, one party regime with liberalisation. </li></ul><ul><li>Population Largest in the world. </li></ul><ul><li>Labour force worth 700 million. </li></ul><ul><li>By occupation 50% of the country’s labour force is in agriculture, 22 % in industry and 28% in services. </li></ul>
  5. 5. The Conflict <ul><li>The India China territorial clash </li></ul><ul><li>Nuclear Proliferation and Military Strength </li></ul><ul><li>Conflicts with other Nation States </li></ul><ul><li>Economy competition </li></ul>
  6. 6. Globalisation: Under One Roof
  7. 7. Concept of Globalisation <ul><li>International levels- International Law </li></ul><ul><li>Multinational companies and free market </li></ul><ul><li>Ideas and culture are being exchanged and dealt more freely </li></ul><ul><li>Global Village. </li></ul>
  8. 8. Indo- Chinese Relations with respect to Globalisation <ul><li>China, 1970- Planned to expand the Economy, “advanced industrialized countries and the capitalist world economy”. </li></ul><ul><li>Integration and interdependence between nation states, Change in China’s Economy </li></ul><ul><li>Adopted the foreign technology and foreign corporate management techniques </li></ul><ul><li>‘ Rise of China’ in economic terms. </li></ul><ul><li>India, 1991- started to open up the barrier of the trade and investment and the financial flow. </li></ul>
  9. 9. India GDP Growth Rate
  10. 10. China GDP Growth Rate
  11. 11. Economies at Conflict <ul><li>India’s still growth rate is nearly 6.7 %. </li></ul><ul><li>Since the adoption of the reforms in 1979, China has become the fastest growing economies in the world. The GDP has been at an average rate of 9.6%. </li></ul><ul><li>India and China have used two different ways of development as they are almost the world’s next power </li></ul><ul><li>China -Permanent member at the U.N. Security Council, India is still making its way to the same. </li></ul><ul><li>FDI has been positive to both the Economies of India and China. It has provided goods and services that did not otherwise exist. </li></ul><ul><li>Economic and Stable growth- China at a 9 per cent; India at nearly 6 per cent. </li></ul>
  12. 12. Conti… <ul><li>China's per capita GDP growth is more than double the growth rate of Indian per capita GDP. </li></ul><ul><li>China's average income is believed to have surpassed India's. </li></ul><ul><li>China's poverty ratio was less than half India's 35 per cent. </li></ul><ul><li>Female adult literacy was nearly double </li></ul><ul><li>India's 45 per cent. </li></ul><ul><li>Life expectancy in China was 8 </li></ul><ul><li>years higher than that in India. </li></ul>
  13. 13. Conclusion <ul><li>Two strong Nation State. </li></ul><ul><li>Respect each other’s mechanisms. </li></ul><ul><li>Instead of fighting, cooperation level should increase. </li></ul><ul><li>Now the leaders in both the countries should continue to focus on economic advancement as a primary goal, stability and peace in the Sino-Indian relationship will tend to be maintained. </li></ul>
  14. 14. “ Only when China and India develop well, can one claim that the century of Asia has come. If China and India strengthen cooperation, Asian unity, stability and prosperity will be very hopeful; the world will be in peace and make more progress.” -Deng Xiaoping Chinese ambassador to India
  15. 15. Thank You