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Headline: From emerging markets to superpowers Source: Euromoney Date: September 2000 more on china more on south Asia more from Euromoney September 2000 By most economic and development measures, China would seem to have taken a firm lead over India in the great race between these two Asian contenders to become regional and global economic superpowers. Yet India, despite its slower economic growth, its poorer yet faster-increasing population and its confused politics, now has thriving new-economy sectors. The western chief executive of one of the large foreign banks in Hong Kong, having previously run one of the Hong Kong trading houses in Bombay, says that for the last 10 years people have been trying to answer the question as to whether India or China is ahead economically. |
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