China versus India Flashcards
What is China and India’s population?
1
- India = 1.38 Billion
- China = 1.39 Billion
What has been China’s growth rate per year?
1
- Around 10%
What has China’s GDP been growing at?
1
- 7% per year
Advantages India’s population has over China’s?
2
- Growing faster due to Chinese limiting their pop
- Younger demographic
Why has China been growing faster than India?
2
- Investment in construction and infrastructure
- Huge export growth
What are China’s main sources of investment from?
3
- Gov spending, infrastructure
- Now focus = housing, railways, schools, hospitals
- FDI
What has happened to wage rates in China?
1
- Risen
Who is the worlds largest exporter of manufactured goods?
1
- China
What type of products do China mainly export?
2
- Technology
- ^Than India, USA, UK
Which have been India’s major export successes?
2
- ‘Invisibles’ (software engineering)
- Running call centres
What are India’s export advantages over China?
2
- English (global lang) 3rd most spoken in wrld
- Top end of education system turns out world class managers and software engineers
Why does China have better infrastructure than India?
3
- India = democratic gov system (China isn’t)
- Voters don’t agree w policy, gov can’t force it on pop
- India’s road system is worse
How does India have a more narrow education system than China?
2
- 29% of pop is illiterate, can’t do ^skilled jobs, need for eco growth
- China = 96.5% is literate
Who, out of India and China, has the better balance of payments?
2
- China = current account surplus of $290Bill
- India = deficit of $25Bill
What does India’s balance of payments suggest?
1
- Indian consumers buying
