Experts take a closer look at China and India

China and India are two of the largest and fastest growing economies in the world, but what are the differences and how would you choose which is right for you? We talked with emerging markets specialists Stephen Philips, Chief Executive of the China-Britain Business Council, Ian Coleman, Partner and Head of Emerging Markets at PricewaterhouseCoopers UK, and Chris Runckel President of Runckel and Associates.

Chris Runckel: There really is no one China, you have china thats along the Eastern sea board which now is a very, actually a more a more advanced developing area for doing business. It has very good infrastructure, road systems, very good communications system in the major cities. You have modern buildings, a lot of the accoutrements that any business would be looking for.

Then you have the western area of the country which tends to be much poorer, much less developed, infrastructure is starting to go in there. The government is making a push to install infrastructure through the western region and its coming up but really the cost of internal shipping inside China and some of the other costs that are added in a project still makes western China not as attractive are as it might be.

Stephen Philips: For most businesses theyre going to be focussing on the more urban areas, but those urban areas arent just Beijing, Shanghai and Guangzhou, there are many cities across China that have more than a million people which is unlike the UK clearly. CBBC itself has got offices in 11 cities across China, most of those cities most British people will not even have heard of. Chongqing in the west of China for instance, its an urban area, has got 30 million people, half the size of the UK and yes its probably somewhere that the vast majority of people have never heard of.

Chris Runckel: For the west you have India which is a very, very good location for lower cost projects which have more labour content in them. Fairly good protection of intellectual property, some significant ...

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[werewolfvsvamp]

@Phead128 So to see a real change in India u need to change these corrupt politicians who use media to confuse their own people. If they want, they really can change India within a year.There is no problem with natural resources and talented man-power.Infrustructure is not a big deal.

[werewolfvsvamp]

@Phead128 This is just the Swiss Bank,imagine other foreigne banks where corrupt Indian politicians have account.Other exmp.,millions of illegal migrants from Bangladesh/Pakistan,etc r living in India bcz in their own countries life is very hard.Generally they live in slums doing petty things,e.g.,selling things on the street,pulling rickshaw,crime.u can see them everywhere in India.Corrupt ministers legalized them to take their votes to remain in power.

[sriss1414]

notice how they said a new world order at the beginning, something is fishy

[felpaluche]

Good review.

[lukebccb]

@aksstar: big effing deal I have a degree in economics AND I also have a degree in history and political science and your problem is you look straight thru an INDOCTRINATED western economists eyes and the myth that "social and political freedom" precedes economic development when in reality, in MANY cases, "social and political freedom" RESULTS from economic development. South Korea and Germany and Argentina are glaring examples.

[lukebccb]

The biggest problem with India is that the urbanizing of India just means the slums are growing massively. Those illiterate farmers moving into the cities have NO skills to work in call centers and that's where China is succeeding. By going the route of the unskilled factory job, China can put their illiterate migrant farmers to work in the factories whereas India has no such jobs to give to their illiterate migrant farmers.

[lukebccb]

@aksstar: comparing China to Western Europe and America puts China in a pretty negative light but comparing India to China makes China look like Sweden or Canada. Think over your comparisons.

[lukebccb]

@aksstar: Singapore was developed under a strict authoritarian system that is still in place. The Korean miracle occurred during military martial rule. Mexico is considered "free" but it's full of corruption and poverty. Sri Lanka has uninterrupted democracy but has suffered from civill war due to ethnic strife. 70% of blacks of South Africa live near poverty. Saudi theocracy. Phillipines is "free" but people are appalled at the poverty in Manila. I could go on......

[jasondenko]

@TheTube9021 government corruption is a big problem in almost every developing country, don't assume that you can sort it out shortly

[werewolfvsvamp]

@Sasukekillsitachi Yes I agree with you, but I guess you misunderstood my comment above. I meant that infrastructure is not a big deal (i.e., not a big deal to be changed) if Indian politicians wanted to bcz financially, technically, by talented man power they are capable to do it. Only thing what is stopping it to take place is corruption which by current situation seems is at it's peak.People of India seems to be fighting it,& hopefully soon they will overcome it.

[Sasukekillsitachi]

@werewolfvsvamp

sorry man INFRASTRUCTURE is the main problem of India. Everything in India would be much faster and more efficient with better Infrastructure and technology.

[werewolfvsvamp]

@666AmericanFreedom First u comment on my 1 year old comment.I had to re-read to understand what was it about.Secondly,ur question is nth new.It was already discussed up there & I had answered it (Check in my comments).Third,why don't u eat Indian shit if u r so curious about India & Indians defecating?If u want they can serve u some spicy shit in plate and u can feed urself.Motherfucker,this video has nth to do with ur country.It has to do with India & China.So fuck off & focus on ur own shit.