Economic Booms of China and India Essay Example for Free

Economic Booms of chinaware and India EssayIt has been well known that China and India are having an economic lucub p splay whilst the west is in a time out. The question is whether China and India are going to slip into a recessional as their rate of issue is thought to be unhealthy, this would put the westbound countries back into recession which is a very worrying prospect for a slowly recovering western terra firma. Chinas gross domestic product (growth domestic product) is now over $4,211 billion a growth from $53 billion in 1978. China is between a LEDC and a MEDC and is increase at a extremely fast rate which is thought to be unhealthy. Chinas main fashion (which there are cc of) are growing at a huge rate which locoweednot be sustainable the Port of Shenzhen is growing at over 25% annually to provide the world which China made products. The port is kinsperson to 39 shipping companies who have launched 131 international container routes. There are 560 ships on call at Shenzhen port on a monthly basis and as well 21 feeder routes to other ports in the drib River Delta region.China just had a deceleration in growth which worried the whole world. The slowdown can be blamed on a variety of factors. Chinas government was aiming for a slight deceleration, as it assay to tame its real estate boom and rapid inflation. While the rate still is allot speedy than the growth in the United Kingdom, it marks an uncomfortable soft patch for China. Over the last 3 decades, the country has barrelled ahead at an average of about 10% a year. This shows that the unhealthy growth of China of an average of 10% will eventually slow down and bring the whole world into a very bad recession. The economy of India is the eleventh largest in the world by nominal GDP and the third largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a fellow member of BRICS. On a per capita income basis, India ranked 140th by nominal GDP an d 129th by GDP (PPP) in 2011, according to the IMF.However Indias economic growth is also overmuch higher than it is in the western world except I deal their growth is much healthier than the growth in China. Indias industry only accounts for 28% of its GDP whereas in China that number is much higher. China and India function many similarities as they are both growing at a huge rate but Chinas growth is mainly in industry which is much less sustainable. China is also relying onthe fact communism remains strong and doesnt crash because if it does wages will rise and put western countries in recession.India designs much more unique high quality products which is much more sustainable than Chinas large scale low quality batch production which is much less sustainable and that is the reason I believe that China is the biggest brat to the western world. I believe that China is the biggest threat to the western countries and would put the whole world into recession. Therefore I beli eve the countries should confront relying on China so heavily because China controls the whole world. If China did not believe in something a county did it could stop the exports to that country which would hugely affect that country. Therefore I believe that it is a threat to the west. I do not believe that India is YET such a threat as China but in less than 10 years I belive it may be just as much of a problem as china.