India’s World - Slowdown of the Chinese Economy
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Guests: Prof Nitin Desai (Economist) ; Srikanth Kondapalli (Subject Expert) ; Alka Acharya (Director, Institute of Chinese Studies, JNU) Anchor: Bharat Bhushan
Comments
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the panels and interviewer didn't touch the topics well. they didn't explain the benefits of chinese slowdown for indian economy. also Alka Acharya didnt answer the question on indias trade defecit with china. Eventhough Indias labour cost is much cheaper than China there are other south east Asian countries like Vietnam which has a higher comparative advantage than India can make use of the situation well
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India has nothing to offer that could interest the consumer.
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Chinese economical slowdown actually is a good news not only for China, but also for other countries, like india. That means Chinese government takes the quality of development very seriously. And even a 6% GDP growth in China would be also a big number in the world history.
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If there would be any potential big problem in China the most sensitive and 1st run away people would be business men, not you, the media. It doesn't matter how Indian media or western media make up bad story about China, the people would not be willing to invest in India because there is no infrastructure and corruption improvements in India. Without enough investment how could India achieve their long time dream to become a "Super Country", except its population?
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When the media is full of pessimistic reports about the Chinese economy, the amount of investment by foreign companies in China was increased from $123.9 billion in 2013 to $127.6 billion in 2014. General business terms, the objects they are dealing with money rather than a slogan, so they know much more clearly about China's economic situation than the media. That means the western or India media only have one side stories because of their bias.
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NPA is another problem in China. State owned banks lent (blindly) to (shoddy) state owned companies. NPA is high. Sooner or later banks will turn turtle.
28m 19sLenght
55Rating