Economy Comparison of China and India

Economy Comparison of China and India

China (the more developed country)

China stretches 5,026 kilometers across the East Asian landmass bordering the Korea Bay, East China Sea, South China Sea, and Yellow Sea, between Vietnam and North Korea in a changing pattern of expansive deserts, broad plains, and lofty mountain ranges, including huge areas of land. (Adas, 1999)

Climate

The China's climate is very different; subarctic in the north and subtropical in the south. Monsoon winds, caused by differences in the heat absorbing ability of the ocean and the continent, rule the weather. Irregular seasonal air movements and winds are dry in winter and moist in summer. Tremendous differences in longitude, altitude and latitude increase differences in heat and rain inside China. (Baker, 1998)

Resources

China has a large stock of natural resources, including a lot of minerals. It has about 12% of the overall world's mineral resources. There are reserves of iron, coal, tin, lead, copper, zinc, tungsten, molybdenum, mercury, antimony, graphite, magnetite, fluorspar, and many others. (Adas, 1999)

Population distribution

The country's complex natural environment has formed an unequally scattered population. Density of Population varies with the contrast occurring between the lands of the west and the northwest and the eastern half of China. Extremely high population densities take place in the Pearl River Delta, the Yangtze delta, and on the Chengdu Plain of the western Sichuan Basin. (Baker, 1998)

Education levels

China has a major growth in education. The numbers of undergraduates and people with doctoral degrees have increased. There are over 100 National Key Universities, including Tsinghua University and Beijing University.

Health

Country is considering improvement of its health care structure. The innovative countryside Cooperative Medical Care classification is an initiative of 2005, particularly intended to build it reasonable for the countryside poor.

Ethnic issues

Ethnic issues in China are complicated and occur from the influences of Chinese nationalism, Chinese history, and many other factors. (Baker, 1998)

Agriculture products

Agriculture is an important economic sector of China. China ranks first in worldwide farm output, primarily producing rice, wheat, potatoes, sorghum, peanuts, tea, millet, barley, cotton, oilseed, pork, and fish.

Farming methods

Farming in China has always been very labor-intensive. However, throughout its history various methods have been developed or imported that enabled greater farming production and efficiency. (Adas, 1999)

Major industries

China major industries are coal, steel, television sets cement, and chemical fertilizer.

Import and export

The chief exports of China are data processing equipments, electrical and other machinery, iron and steel, apparel, textiles, and medical and optical equipments.

The chief imports of China are oil and mineral, electrical and other machinery, optical and medical equipments, fuels, metal ores, organic chemicals and plastics. (Baker, 1998)

Trade partners

China's trading partners are European Union, USA, Japan, ASEAN and Hong Kong, South Korea, Netherlands, Germany, United Kingdom, Taiwan, Russia, Singapore.

China Balance of Trade

China stated a surplus equal to 13.91B USD in 2010. Growth in Export has been a main element supporting country's rapid financial growth.

India (the less developed country)

India is linked to the southwest by the Arabian Sea, to the southeast by the Bay ...