Leader in Global Trade

[NewDay2006]

With a much lower paid workforce, it is difficult to compete.

 

In Recession, China Solidifies Its Lead in Global Trade

[chengdu4me]

They keep manufacturing going by lowering wages. The wages for most factory workers have been cut by 35 - 50% over the past year and half. A factory worker in Chengdu that works 14 hours a day, 6 days a week will earn an average of 800 - 1000 Yuan/month. A year and a half ago, it was 1600 - 2000 a month.

[knloregon]

And meanwhile,

 

The World's capitol continues to flow to, and be spent in China......

 

India: "IF these problems can't be resolved, India will be hard-pressed to create the kind of sustainable economic growth enjoyed by its giant neighbor, China. Some 280 million Chinese work in factories; fewer than 45 million Indians do...." "What's Holding India Back?" ---Business Week, Oct. 19, 2009.

[Guest Pommey]

And meanwhile,

 

The World's capitol continues to flow to, and be spent in China......

 

India: "IF these problems can't be resolved, India will be hard-pressed to create the kind of sustainable economic growth enjoyed by its giant neighbor, China. Some 280 million Chinese work in factories; fewer than 45 million Indians do...." "What's Holding India Back?" ---Business Week, Oct. 19, 2009.

 

 

so what is holding India back ?

[knloregon]

"....so what is holding India back ?.."

 

Democracy.

 

Some times when things get SO bad, you need an authoritarian government to solve them. At the risk of revisiting the China Model issue, this article is a really good read, and I recommend it highly.