Compare and Contrast the Economic Booms of China and India

Topics: Purchasing power parity, People's Republic of China, Western world Pages: 2 (620 words) Published: January 13, 2013
Compare and contrast the economic booms of China and India’s and should the west consider this as a threat

It has been well known that China and India are having an economic boom whilst the west is in a recession. The question is whether China and India are going to slip into a recession as their rate of growth is thought to be “unhealthy”, this would put the western countries back into recession which is a very worrying prospect for a slowly recovering western world. China’s GDP (growth domestic product) is now over $4,211 billion a growth from $53 billion in 1978. China is between a LEDC and a MEDC and is growing at a extremely fast rate which is thought to be “unhealthy”. China’s main port (which there are 200 of) are growing at a huge rate which cannot be sustainable the Port of Shenzhen is growing at over 25% annually to provide the world which China made products. The port is home to 39 shipping companies who have launched 131 international container routes. There are 560 ships on call at Shenzhen port on a monthly basis and also 21 feeder routes to other ports in the Pearl River Delta region. China just had a deceleration in growth which worried the whole world. The slowdown can be blamed on a variety of factors. China's government was aiming for a slight deceleration, as it tried to tame its real estate boom and rapid inflation. While the rate still is allot faster than the growth in the United Kingdom, it marks an uncomfortable soft patch for China. Over the last three decades, the country has barrelled ahead at an average of about 10% a year. This shows that the “unhealthy” growth of China of an average of 10% will eventually slow down and bring the whole world into a very bad recession. The economy of India is the eleventh largest in the world by nominal GDP and the third largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. On a per capita income basis, India ranked 140th by nominal GDP...
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