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By Dong Zhengnan

China VS IndiaChina VS India

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China and India are 2 of major countries rapidly developing economy in recent years, the overall economy leap up will both make them into the famous "The 4 Gold Bricks".

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From the following four termsFrom the following four terms

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Prospects

tracks in economic

reform

common features of economic

reform

effects of the reform

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common features of economic reform

common features of economic reform

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Similarities in reform

background

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common features of economic reformcommon features of economic reform

background both the highly planned economy. both based on the priority development of

heavy industry to go the road of industrialization.

Both countries are strictly private economy, vigorously develop the public economy.

Both countries insist on self-reliance, the implementation of import substitution development strategy.

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common features of economic reformcommon features of economic reform

Similarities in reform Vigorously promote market-oriented

reforms encourage private economic

development reform the state-owned enterprises Change from inward-looking economy to

an export-oriented economic

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tracks in economic reform

tracks in economic reform

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The time of reform

differences in environment for change and execution in reform

The path of reform options

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comparison

comparison

ChinaChina IndiaIndia

effects of theeconomic reform

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chinachina

China’s opening up steadily pushes forward economic restructuring and successfully achieved a transformation from a planned economy to a market economy. China's GDP increased from USD2683 billion in 1978 to USD8.2 trillion in 2013 , ranked second in the world. It increases rapidly.

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IndiaIndia

India also received good results. Rate of GDP economics growth has accelerated from 1991-92's 1.1% to 2003-04's 8.5% through economic reform.Services sector accounted for more than half of the proportion of GDP.

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IT industries have sprung up everywhere from 1992-93 to 2001-02 period, average annual growth rate of the software production value of more than 50%, from 11.65 billion rupees the year 1992-93 to 2001-02, 481.3 billion rupees (10.25 billion U.S. dollars ) ,2004-05 year reached 20.5 billion U.S. dollars, of which the value of software and services exports as high as 17 billion U.S. dollars, from the mid-90s of 20th century to the present, software and services exports to an average annual growth rate of 46% of the software industry has become Indians The most proud of the industry.

IndiaIndia

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comparisoncomparison

Although the growth performance of the two countries in recent years have attracted worldwide attention, but China’s economic reform started earlier than India,

China’s economic growth much faster than India.

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corporate efficiency

Human resources

management of high-level personnel

China India

economic performance

infrastructure

government efficiency

comparison

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Prospects

China's economic reform, the main problem are

change the mode of economic growth

Guard against economic risk

Polarization

Attention to economic security

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India's economic reform, the main problem are

heavy debt burden

Difficulties in state-owned enterprises (SOE) reform

Infrastructure "bottlenecks" still exists

Unemployment and poverty

Prospects

Energy security

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conclusion

The economic structure of China and India have their own advantages and disadvantages, China needs to vigorously develop the service industry, while India should be the first and second industry arrest.

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