China’s structure of employment of 34. Continued, and continuity in, self-sufficiency in food production, therefore is likely to be China’s major challenge; all the more owing to the colossus loss of fertile and arable land, as rapid industrialisation changed Chinese landscape as well as labour market.149 trillion, Russia $2. From being "nowhere" in the last quarter of the 20th century, by 2013 China with $16,162 billion and India with $6,784 billion took second and third positions, respectively in GDP PPP. Its leadership faces an unprecedented situation as Beijing’s China Polyester Spandex Fabrics suppliers four-decade-old growth model has run its course.As mentioned above, the GDP growth apart, what made the scenario dramatic is the purchasing power parity (PPP) economics of China and India vis à vis the West.Luring the Western manufacturers with a "congenial environment" for industrial development, and "conducive to growth" of land, labour, capital, organisation, the four primary factors of production, China succeeded in developing its vast swathe of diverse landscape into an engine of growth and opportunity for multinational corporations, thereby virtually ensuring an unprecedented sort of flight of capital, labour and technology from the developed Occident to the developing Orient. With prosperity, however, there also emerged potential flashpoints.73 trillion, France $2.8 per cent rural and 30.
Not surprisingly, therefore, China’s GDP of $9. And China’s overdependence on exports exposed it to direct global economic fluctuations, thereby leading its line of production to overcapacity and the haunting possibility of a growth without employment (rather rising unemployment).6 per cent urban populace in 1989.5 per cent industry and 35.. As China’s economy goes jumbo and unmanageable, owing to weak growth, slack in demand in critical markets of the US, Europe, Japan, rising production cost and wages along with strong Chinese currency of yuan vis-à-vis dollar, is China losing its market competitiveness? Since for China, economics is foremost and fundamental, and Beijing, in the heart of hearts, prefers finance to firepower pertaining to mega consumer nations, the situation is indeed challenging.4 per cent rural and 46. Understandably, a strong motive of everything cost-effective, from land, labour, logistics, connectivity, tax policy to tariff rate and infrastructure facilities to marketing "Made in China" FMCG and growth of engineering and technology centres in no time, made hordes of Western corporations to shift production base. How did India change? For some, that still remains a mystery. And the biggest surprise in the list was the 10th placed India with a $1. China owes its growth to "my way or highway" posturing based on "national interest" by the single-party command regime with an alibi of communism and an enormous appetite for capitalism. From zero in 1988, Shanghai and Beijing took third and seventh positions, respectively in 2015 with Delhi and Mumbai filling second and fifth slots, respectively among the top 10. Finance being prosperity and firepower, destruction thereof, the external posturing of the Dragon is more than understandable and expected.