Tuesday 22 March 2011

Made in China vs Made in India

Is this a Chinese century?Or an Indian century?
The two powers in Asian  Carries with the same dreams, they hope for the same glory of nation'.
Had a brilliant time - great Tang Shengjing and Asoka towards fresh.
27 years ago, the Chinese changed their path, then beginning a remarkable development. 14 years ago, took over the Indian People's Party government began to adjust economic policies to support structural reforms, out of Slow economic growth path.
According to World Bank statistics, China's GDP in 27 years the average annual increase of 9.4%, per capita GDP is increased by 6 times. "Made in China" is full of supermarkets around the world, global investors to China , entered the 570 billion U.S. dollars of investment in 27 years.
Bold Goldman Sachs predicts that China will overtake the United States in 2041 to become the largest economy in the world!
"Chinese Century" seems to have never been so close to hundreds of years!
On the other hand,10 years ago, there hadn't any people thought that India will become full of vitality and prospects of the country, but now change given the vitality of the Indian government to promote economic growth to 8% per year .On the
speed of the country, second only to China!
In Bangalore, Hydro worship, many Indian software companies are global transportation design software crystallization;
"Tata" will also be the inexpensive car ,even further afield in Europe, runs on the highway.
India hopes to maintain services in addition to a competitive advantage, it is more focused on creating a globalmanufacturing center, it seems that India is getting closed to the dream!
Two big neighboring countries in Asia and the world's "star", when the world's attention turned to the two countries ,and
there be an ongoing topic - a century of China, or India Century?
To answer this question, it is not easy!
Goldman Sachs said that China will become the most powerful country at 30 years later, this century belongs to China.
Morgan Stanley and McKinsey said,it is not necessarily , India and China have their own advantages.
Mercer (the world's largest human resources company) said that China' advantages are losing, India began to show
superiority of human capital!
Well, this century, especially in the second half century, the century  belongs to China or India's century?
So, the question to ask? Placed global supermarket to see the stuff, in the end the name of "Made in China" or "Made in
India", Don't you know ?
You said yes.
India missed the industrial revolution, the first wave of outsourcing, from toys to TVs, from clothing to auto parts, the influx of international industrial transfer of Malaysia, Thailand and China. The second zone With the transfer of echnology and the wave of a capital nature, India is just pulling on the tail. China has over 20 years ago, under the guidance of the open-door policy, open arms to embrace the large and small investors from around the world Persons.
China has also invested more than 1000 billion dollars a year to improve infrastructure, for investors to create a better investment environment, this is seven times that of India, while India's potholed roads and a shortage of bridge Liang hindered the pace of investors to enter.
However, the game is just to begin.
India is working to change these conditions ,they are not satisfied with the leading software outsourcing industry, ambitious to create a global manufacturing center. In recent years, the Indian manufacturing industry is double-digit rate of growth, the Indian government's attitude began to warm and welcome to foreign investors to come and inverst.
Pohang Iron and Steel 10 billion U.S. dollars of investment is finalized this year in India, POSCO had more love in China.
India explosive growth of telecommunications equipment as early as the LG attracted to, root sprout.
Also, India's strong private capital, such as "Tata Group", efficient operation of the Chinese state-owned companies dwarfs the power of private capital in China is the hope of catching up in India.
Take the India Compared to the China, there also derived a lot of interesting questions. China's rapid industrialization is benefited to the Chinese government's resources to promote a strong and deep involvement in economic activities. But India does not seem to intend to change too much "slack" in the market economy, but which model is more potential in the end?
India learns from China,China also needs to learn India.
In any case, the two countries in Eurasia is on the rise, competition is inevitable. The two countries started each attached to each other, begin to deepen the Sino-Indian exchanges, which trade on the performance thoroughly. So the two
big countries in the competition, will join hands to face the same challenges facing the rise - for example, energy and poverty problems?
The rapid development of India's textile industry, India has cheaper labor, more liberal terms of trade, so the development of the Indian textile industry will become strong competitors?
China's large current production on some textiles, such as clothing, sweaters and so on. The issue is how long can China be advantager? Some areas of China, does not have the cost advantages.Some buyers have been to India, Bangladesh, Vietnam, transfer of lower-cost countries such as procurement. If China's labor cost is still an annual growth rate of 10-12%, it is possible to lose competitive advantage to India. But on the other hand, Chinese textile products in the quality of the past few years, outstanding performance, will continue to maintain a competitive edge.
India is the idea, and now they have a special textile fund amounted to hundreds of million, is designed to support technological innovation. But China's textile trade is advantageous,Such as textile machinery parts belonging to the Indian than many of the weak, the technology is not well in China because in the past in India, more family cottage. It's pure hand textiles Still have market overseas, but most of the quality of products such as silk, can not be compared with the Chinese products.
China's textile exports to the developed countries have an advantage, compared favor the developed countries of our products, such as jeans. Textiles produced in India in the design and style are more suitable for African countries. But the developed countries of trade restrictions, restrictions on India's relatively weak. But our country can take a roundabout approach.
On the human capital of China and India, according to a report released MERCER Company, Beijing, China and India, Mumbai,New Delhi made ??a comparison and found that wage costs are significantly higher than that of China to India. With the rising costs of human capital, competition in China and India, will not lose the advantage of attracting foreign investment?China wholesale  dress here.
China's per capita income higher than India, resulting in wage costs are significantly higher than that of India. But companies are not based solely on a decision of the investment intentions, but also consider other factors, such as infrastructure, industry, competitiveness, investment and external environment, but the most fundamental is the ability to earn money business investment - the investment intention of the decision margin .
India is lagging behind on infrastructure, roads, ports and other inefficiencies, it is difficult to attract investors to enter, at least in the short term is difficult to fully improve. If India is to increase investment in this area, even better than the conditions in China,then India's advantage is more pronounced.

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