China shows India way forward | mydigitalfc.com by eabhi200k on 22 June, 2012 - 04:00 PM | ||
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eabhi200k | China shows India way forward | mydigitalfc.com on 22 June, 2012 - 04:00 PM | |
ON THE FAST LANE: There is a world of difference between a journey in the Chinese high-speed train from Nanjing to Beijing and a trip on the Rajdhani between Mumbai and Delhi While there are still many areas, where dozens of millions of Chinese live in third-world conditions, the bulk of the Chinese population is rapidly joining the aspiring middle class. Within half a generation, the Middle Kingdom has risen from desperate poverty and underdevelopment to a middle-income country. Already, the world has to face the question as to when China will join the selected group of high-income countries. While there may be disputes about when this event will happen, there can be hardly any doubts that China will eventually reach this ambitious goal. It will emulate the success that earlier on had been achieved by its neighbours, Japan and South Korea. |