Jun. 9 – The China Council for the Promotion of International Trade (CCPIT) and the Confederation of Indian Industry have just issued their “India-China Trade & Investment Guide” in both Chinese and English languages, to commemorate the 60th anniversary of the establishment of diplomatic relations between India and China.
The guide, which runs to over 230 pages, details much of the statistical development between China and India and is a useful resource for anyone interested in bilateral trade between the two countries. It includes chapters on the Chinese economy; foreign trade; import/export and customs clearance in China; trends in Sino-Indian trade; trends in the Indian economy; India’s foreign direct investment liberalization, and an essay entitled “China and India: The Proverbial Hare and Tortoise?” by Chris Devonshire-Ellis on China-India bilateral development (excerpted below).
We have a limited number of this book available for our readers, however we must restrict copies to business executives only due to the cost of post and packing. If you wish to receive a copy of this book, please provide your name, company, full postal address, web site and corporate email address to us at chinaindia@dezshira.com.
China-India Demographic Comparisons 2010-2030
As India begins to prepare itself for a second wave of growth in the aftermath of what has indeed proven to be a difficult financial crisis for Asia, questions are now being asked as to the extent of competition India really brings to global markets when measured up against China.
In some respects, the rise of India has been greatly overshadowed by what has happened in China over the past twenty years. If the development in China had not occurred, then it would be India that would be considered the new darling of global growth. To some extent, that has enabled India to commence its own growth curves without the media attention that has been focused on China. In other ways, however, there is little doubt that the phenomenal growth of China has served to spur India into action, and to finally release the country from its moribund, 50-year hangover of independence from Britain.
I have a comment. How does China expect to have its yuan as a reserve currency to replace the US dollar, when it does not even have a tradeable unit on the market. The Hongkong dollar is not a substitute for it. The Indian rupees, while not freely tradeable, is not in the contention for an international reserve currency. Any ideas about how the yuan may achieve a more open currency status in future?