M.Phil Year 2 Translation 10HT Week 6
China and India: The two differ in business
as much as they do in politics
1. China, with 1.3bn people, and India, with 1.1bn, happen to be the world’s most populous nations. Both economies are growing exceptionally fast, and both are increasingly dependent on imports of energy and raw materials.
2. China started growing earlier and grew faster, India is poorer and the average Indian still has only half as much income as the average Chinese.
3. China’s population growth will stop in the next two decades, while India will have to find jobs for hundreds of millions of young job seekers as the number of its inhabitants exceeds China’s and heads towards 1.6bn.