Description:
"One of the defining moments of the 21st
century is the rise of China and the emergence
of India, which, according to many analysts will
possibly lead to a tectonic shift in the
economic and strategic balance of power in
the world from America and Europe to Asia.
Some analysts estimate that if the two countries
continue to grow at the rates they have grown
in the past decade (India at 6-8 per cent and
China at 10-12 per cent), China?s economy
would be eight times bigger than India?s in 30
years. China?s rise is faster, more spectacular,
and managed deftly with a well-thought-out
road map. It is not just the statistics that testifies
to China?s rise, but Beijing has matched her
achievements in economic development by
positioning herself both economically and
strategically in the world stage...The ever-expanding trade between the two
countries automatically gives them a huge stake
in keeping co-operation alive, despite occasional
hiccups. There is enough room in the world for
both economies to rise simultaneously..."
Source/publisher:
Institute of Peace and Conflict Studies - Delhi (IPCS Issue Brief 153)
Date of Publication:
2010-08-00
Date of entry:
2010-11-29
Grouping:
- Individual Documents
Category:
Language:
English