Chindia complex

On the weekend there was yet another article describing the chindia complex. Thankfully unlike other articles it does not aim to compare the growth and development of Chinese and Indian economies. It’s a little more realistic and focuses on the growing ties and relative differences of the two.

Despite its reputation as a software superpower, India's exports have been driven by the export of one item: iron ore. Last year the country shipped 60 million tonnes of iron ore to China, as the country's construction industry gobbles up the world's raw materials. Chinese officials have long insisted that if their country is the workshop of the world, then India is the globe's office…

To many experts, China offers India a role model. Indian IT companies made a mark because the Government avoided stifling them with regulation...

…Hardly a day passes that its government does not invoke the "Chinese model" to justify rolling back the state…

As shown, comparing China vs India is really a typical case of apples and oranges. On most major statistics China is by far and away ahead of India.

However, most mag journos seem to make two mistakes. The first is to always directly compare the two economies ignoring the social conditions. The second is to obsessively focus, to the point of showing their ignorance, on the Indian IT sector. It’s good to see things changing in the media.

Via sepiamutiny. More at gnxp, ForeignPolicy (pdf)

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