India and China: The ‘Chinese problem’
India and the Chinese are both struggling to deal with a growing Chinese population.
But what exactly is it that makes the two countries so different?
The Economist spoke to India’s former foreign minister and China’s top diplomat to find out.
What’s driving the differences?
First, China’s growth has been slowing and slowing slowly.
Second, the economy is slowing.
The Economist’s research on the two has been published in a number of languages, including English, Chinese, French, Portuguese, German, Japanese and Spanish.
India’s economy is also growing at a slower pace, but the impact on GDP has not yet been fully realised.
How will the two economies work together?
India’s government has set up a $2.5bn plan to help the Chinese economy and is encouraging foreign investment.
The plan includes an ambitious programme of infrastructure investments that will bring in more than $50bn over 10 years.
These are investments that have the potential to lift millions out of poverty and improve their standard of living.
What can China do to help India?
China has made some progress on a number fronts, such as investing in its own infrastructure and encouraging investment in Indian manufacturing.
However, the Indian economy is still not growing at the speed of China’s.
For example, in July 2017, India’s growth rate for the quarter was just 3.3%, compared with 8.5% for China.
As a result, the GDP of India was $10.7tn and China $18.6tn.
India is also struggling to develop its own energy sector, which is now producing less than 2% of its own electricity.
The Indian government is also planning to invest in a $100bn solar plant that could be operational by 2022.
How can India solve the Chinese problem?
India is already taking steps to help China.
In March 2018, India and Russia signed a strategic partnership agreement that will see India build up to 10 solar power plants, the first in the world.
It is expected to produce 5,000MW of electricity by 2022, compared with 1,400MW of solar power in China.
India also has plans to export about $100m worth of solar energy a year.
These projects will help the two nations to develop energy-efficient manufacturing, which will help India become a global leader in solar energy.
Why is India still not producing enough electricity?
India has an ambitious target to double its electricity generation by 2022 to 100MW.
However it is unclear how many of these projects will be able to achieve this.
As India’s energy needs grow, so too does its dependence on imports.
As China’s economy slows, the country’s dependence on imported oil will also grow.
This is due to the rapid growth in the use of liquefied natural gas (LNG).
It is estimated that India’s LNG imports will reach $300bn in 2023.
However India’s current imports of liquified natural gas represent just 0.6% of total LNG supply.
If India’s imports continue to grow at the same rate, its dependence will be on imports, rather than on renewables, which would be a much more sustainable future for the country.
Why are the two Asian neighbours so far apart on the environment?
India and Pakistan are two of the most heavily polluted countries in the planet.
In India, pollution is largely due to industrialisation, mining, and waste management.
In Pakistan, pollution has a much smaller impact, with most pollution being caused by agricultural and agricultural-related activities.
What is the relationship between India and Australia?
Australia has long had a close relationship with India, which dates back to the early colonial era.
The first Australian Prime Minister, John Curtin, visited India in 1897.
This was followed by more visits by Prime Minister Rajiv Gandhi.
The relationship has grown steadily since then, and Australia has been a strong supporter of India’s development.
Australia has also taken a number measures to combat climate change.
Australia’s National Greenhouse Gas Initiative (NGGI) aims to reduce the amount of greenhouse gas emitted by its electricity sector by 20 per cent by 2030.
Australia is also the largest emitter of greenhouse gases in the global economy.
Australia and India are currently negotiating a new free trade agreement that would allow them to continue trading with each other.
What are the implications for India’s future trade with China?
The two countries will face each other in an increasingly competitive world market.
China’s trade deficit with India was at $14.5tn in 2017, while its trade with India rose to $33.9tn in 2018.
It’s not just trade that is at stake.
The economic relationship between the two neighbours is also at risk of falling apart.
India and Indonesia have been at loggerheads over sovereignty issues in the South China Sea and the South Asia border dispute.
The situation is likely to escalate as tensions mount.
India has also been criticised for being slow to respond to the Zika virus outbreak.
Why has India become the most polluted country in the Western Hemisphere? India
- Mexico says US should get out of NAFTA, Mexico says no
- An earthquake in the Dallas area causes at least four deaths
- How to use CDC’s new 3D Maps for NASA’s Mars 2020 rover
- How to watch the first NBA Draft in Los Angeles: Live updates
- How to get the best out of your mobile phone with the right phone charger