BEIJING: China's economic pain cannot be India's gain as both economies are not at the same level of development, according to an article in a state-run Chinese daily which said a view that India can take advantage of China's turmoil may cause "unnecessary jitters" between them.
"China's economic fluctuation is worrying the international community. But India has a different opinion. It seems to have sensed an opportunity to acquire a competitive advantage over China," the article in Global Times said.
"Optimists argue that the Chinese slump in the stock market may steer foreign investments out of China into India, and India can benefit from China's rising labour costs, due to which international companies will be inclined to shift their production lines from China to India," said the article titled "China's economic pain can't be India's gain".
China is still miles ahead. All credit goes to Congress. When Nehru was offered a place in UNSC, he shamelessly gifted that to China. He wanted to look like some messiah of peace. Make in India is the only solution to accelerate the development.
Only Indians and Indian government policy can make our lives better. Comparison with China is a waste of time. They are decades ahead in development.
Chinese economy is 5 times bigger than indian economy,no comparison
Their debt to GDP is three times bigger than Indian debt, no comparison
Bcoz of Nehru, your brain is also blocked..
And also Indira when in 70s west was looking for low labor cost production IG did not allow them to invest in India so they went to Hong Kong, Singapore and Taiwan.
It is well known that British left India. In fact, they wanted to leave earlier.
Observer • Maharathi Karna • 14 hours ago
China is an ORIGINAL FOUNDER MEMBER of the UNSC, formed in 1945. The countries that formed the UNSC were China, France, the Soviet Union, the United Kingdom and the United States of America. India at that time was not even an independent country but a slave nation of the British. Nehru had absolutely no say in the formation of the UNSC. And China is miles ahead of India not because of its UNSC seat, but because of socio-economic changes that stupids like you will not understand. In fact, rascals like you who try to mislead people with lies should receive severe punishment.