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Being in the world for centuries, these two countries share one of the most advanced technologies, traditions, ideals, morals etc from its civilization. From the border issues to the pricing issues India and China are in competition with each other. With the Global diplomacy and the WTO coming in, both of these countries have to move beyond their conflicts and start to cooperate more for sharing the mutual benefits. India is anyways facing a serious threat from China for its cheap manuafacturing capabilities. In the current circumstances, Globalisation requires for the two Nation States to come together rather being in a conflicting situtations. There has to a healthy competition, mutual respect and friendship between the two for countries.
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Presentation onIndo- Chinese Relations of
Friends or Foe:From Competition to
Globalisation
Akshata Srinath, Student, School of Law, Christ UniversityBangalore.
Objective of the Presentation
Indo- Chinese Relationship- Over view
India and China: A long way The Conflict Globalisation: Under one roof
Concept of Globalisation Indo- Chinese Relations of
Globalisation Economies at Conflict
Conclusion
Indo- Chinese Relationship- An Overview
Indo Chinese relations or the Sino-Indian Relations Two largest developing countries in Asia, i.e. India and China. Bitter and Sweet Relations- over the last ten years Need of the Hour stated Prime Minister Mr. Manmohan Singh in Beijing in
2008“...resolve to promote the building of a harmonious world of durable peace and common prosperity through developing the Strategic and Cooperative Partnership for peace and prosperity between the two countries...”
India and China: A long way
India
The functioning private sector and public sector.
After the crisis in 1991, India still follows the participatory multi party democracy.
Population growth rate of 1.4% and literacy rate of 60%.
The Indian labour force is 406 million, with 60% in agriculture, 17% industry and 23% services.
China
The centrally planned and non market economy
China has authoritarian, one party regime with liberalisation.
Population Largest in the world. Labour force worth 700 million. By occupation 50% of the
country’s labour force is in agriculture, 22 % in industry and 28% in services.
The Conflict The India China territorial clash Nuclear Proliferation and Military Strength Conflicts with other Nation States Economy competition
Globalisation: Under One Roof
Concept of Globalisation International levels-
International Law Multinational companies
and free market Ideas and culture are
being exchanged and dealt more freely
Global Village.
Indo- Chinese Relationswith respect to Globalisation
China, 1970- Planned to expand the Economy, “advanced industrialized countries and the capitalist world economy”.
Integration and interdependence between nation states, Change in China’s Economy
Adopted the foreign technology and foreign corporate management techniques
‘Rise of China’ in economic terms.
India, 1991- started to open up the barrier of the trade and investment and the financial flow.
India GDP Growth Rate
China GDP Growth Rate
Economies at Conflict India’s still growth rate is nearly 6.7 %. Since the adoption of the reforms in 1979, China has
become the fastest growing economies in the world. The GDP has been at an average rate of 9.6%.
India and China have used two different ways of development as they are almost the world’s next power
China -Permanent member at the U.N. Security Council, India is still making its way to the same.
FDI has been positive to both the Economies of India and China. It has provided goods and services that did not otherwise exist.
Economic and Stable growth- China at a 9 per cent; India at nearly 6 per cent.
Conti…
China's per capita GDP growth is more than double the growth rate of Indian per capita GDP.
China's average income is believed to have surpassed India's.
China's poverty ratio was less than half India's 35 per cent.
Female adult literacy was nearly doubleIndia's 45 per cent.
Life expectancy in China was 8years higher than that in India.
Conclusion
Two strong Nation State. Respect each other’s
mechanisms. Instead of fighting,
cooperation level should increase.
Now the leaders in both the countries should continue to focus on economic advancement as a primary goal, stability and peace in the Sino-Indian relationship will tend to be maintained.
“Only when China and India develop well, can one claim that the century of Asia has come. If China and India strengthen cooperation, Asian
unity, stability and prosperity will be very hopeful; the world will be in peace and make
more progress.”
-Deng XiaopingChinese ambassador to
India
Thank You
