China and India 3
The countries of China and India are both very fascinating and are making their presents felt in
the world. Each contributes in its own way. China due to the U.S. economic growth as seen a rise
in exports “China’s export volume was stronger than expected in July, surging 14.5 percent from
the previous year to USD 212.9 billion, China’s General Administration of Customs said in a
statement Friday. The sharp rise in exports lifted China’s trade surplus to a record USD 47.3
billion last month.” (PNA, 2014) It is no secret that China is one of the biggest exporters in the
world and thus plays a valuable part in the world economy and will no doubt continue ot do so in
the future. India’s economy is expected to grow 6.4% in 2013-14. “Gross domestic product is
forecast to grow 6.4 percent in 2013-14, up from 5 percent in the previous year, which was the
slowest pace in a decade. Rangarajan hinted that estimate for 2012-13 might be lifted
upwards.”(RTTNEWS, 2013) Each has great importance in the world economy. While this paper
is not about the economies of China and India but the examples above does give a hint to their
importance and place in the world. China is a communist country. One thing to keep in mind is
that the political environment in China is moving the country into a full established market
economy. China-Britain.org describes Chinas political structure as “China’s government is a
pyramid shaped structure, at the top of which sits the President, currently Hu Jintao. The role of
the Presidency is essentially to provide vision – to set the general course for the country as a
whole. Each of China’s leaders since Mao has marked his role with a body of thought which all
those below are supposed to turn to as general guidance in policymaking.
Below the Presidency is the State Council – China’s cabinet – headed by the Premier, currently
Wen Jiabao. This eleven member body is the key national policy making group in China. Its laws
are passed by the National People’s Congress, commonly known as China’s parliament, a three
thousand member delegate body whose membership is drawn from across the PRC. It meets in