Friday, May 20, 2005

Two giants

The Prudent Investor - seeing too many bubbles: Two oriental giants will compete for economic dominance
China carried its repression further as it has its reforms than India. But in both countries the liberalization of foreign trade gave a boost to growth.
The major difference has been in their respective investment rates, with China’s at over 40 per cent of gross domestic product (GDP) being roughly twice that of India’s.