China is now world 3rd largest Economy after USA & Japan, and India is 11th. China GDP is about three times larger than India, and its exports are eight times larger then India. China $4,800bn in savings dwarfs India $215bn only. China has $1,400bn of foreign exchange reserves, India has $221bn.
RE:Elephant rises is too slow than Dragon rises
by Dragon Cares on Sep 22, 2007 07:24 AM Permalink
Hello: your info is already outdated. As of today, the order is China, USA, Japan.......... China's foreign reserve already reached US$ 1.3Trillion as of today 2007/09/22. Comparing India with China is something we are fooling ourselves with our old/past pride. China's 3rd level city is much more better than New Delhi/Mumbai, etc. Chinese cost of living is much lower than that of India's. Corruption level is much lower than India bcoz of the fear that "Capital punishment/Execution" is the only verdict be given to all those guys proved corrupted irrespective of their position in the party/Government. Latest, I.T.Director of a Nationalised Bank was executed (death penalty) for accumulating wealth for 5,000,000US$ and all the properties/money were attached to Government with immediate effect. In the past 60years of India's independence, did any of the politicians got punised and their wealth were seized? NO. We need to learn many good things from our neighbour but we will not becoz of our self-pride on past history we have in our blood.
