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China VS India
By
Dong Zhengnan
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China and India are 2 of major countries
rapidly developing economy in recent
years, the overall economy leap up will
both make them into the famous "The 4
Gold Bricks".
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From the following four terms
common features
of economic
reform
tracks in
economic
reform
Prospects
effects of the reform
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common
features of
economic
reform
background
Similarities in reform
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common features of economic reform
 background
 both the highly planned economy.
 both based on the priority development of
heavy industry to go the road of
industrialization.
 Both countries are strictly private economy,
vigorously develop the public economy.
 Both countries insist on self-reliance, the
implementation of import substitution
development strategy.
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common features of economic reform
Similarities in reform
 Vigorously promote market-oriented
reforms
 encourage private economic
development
 reform the state-owned enterprises
 Change from inward-looking economy to
an export-oriented economic
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The time of reform
tracks in
economic
reform
differences in
environment for change
and execution in reform
The path of reform
options
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compar
ison
China
India
effects of the
economic reform
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china
China’s opening up steadily pushes forward economic
restructuring and successfully achieved a transformation
from a planned economy to a market economy. China's
GDP increased from USD2683 billion in 1978 to USD8.2
trillion in 2013 , ranked second in the world. It increases
rapidly.
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India
India also received good results. Rate of GDP economics growth has
accelerated from 1991-92's 1.1% to 2003-04's 8.5% through economic
reform.
Services sector accounted for more than half of the proportion of
GDP.
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India
IT industries have sprung up everywhere from 1992-93 to 2001-02 period,
average annual growth rate of the software production value of more than
50%, from 11.65 billion rupees the year 1992-93 to 2001-02, 481.3 billion
rupees (10.25 billion U.S. dollars ) ,2004-05 year reached 20.5 billion U.S.
dollars, of which the value of software and services exports as high as 17
billion U.S. dollars, from the mid-90s of 20th century to the present,
software and services exports to an average annual growth rate of 46% of
the software industry has become Indians The most proud of the
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industry.
comparison
Although the growth
performance of the
two countries in
recent years have
attracted worldwide
attention, but
China’s economic
reform started earlier
than India,
China’s economic
growth much faster
than India.
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comparison
China
India
economic
performance
corporate
efficiency
government
efficiency
Human
resources
infrastructure
management of
high-level personnel
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Prospects
change the
mode of
economic
growth
Guard
against
economic
risk
China's
economic
reform, the
main problem
are
Attention
to
economic
security
Polarization
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Prospects
heavy debt
burden
Difficulties in
state-owned
enterprises
(SOE) reform
India's
economic
reform, the
main problem
are
Infrastructure
"bottlenecks"
still exists
Energy
security
Unemploy
ment and
poverty
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conclusion
The economic structure of
China and India have their
own advantages and
disadvantages,
China needs to vigorously
develop the service
industry,
while India should be the
first and second industry
arrest.
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