In 2003, China's total import and export volume reached more than 800 billion US dollars, which was roughly equivalent to 60% of GDP that year.

A country's economy and the world economy have such deep interpenetration and integration, but a country's public opinion seems to have far less understanding of the world economy than it does about the Wonderful Time Property Hotel Ziguang Desktop Computer Small Apartment Main Lineup Revealed Multimedia Interactive Learning English Business

Go deeper - in this way, perhaps we can understand the recent astonishing noise in the media about "India surpassing China".

International public opinion applauded the Indian economy in 2003 and compared it with the Chinese economy, reflecting the sensitivity of people in the global economic community.

However, some Chinese people have not considered a comprehensive understanding of the two countries' economies as an aspect of grasping world economic trends.

The Economic Channel of China Central Television recently produced an annual report on the world economy. In addition to the fact that the editor and director were as specious as economic enthusiasts in what they said in previous years, the rise of India, which the world's public opinion was exclaiming, was not among the top ten listed in the report in 2003.

In a big event.

Some vague repetitions of old clichés—such as condescending comments about the economy of neighboring South Korea that has little impact on the world economy, etc.—actually compare to the fact that the world has another market that can accommodate 1 billion people and is becoming increasingly active.

Things come first.

The question that has only recently attracted the attention of the Chinese people is: India, our neighbor who is almost as big as us, is undoubtedly China's most important economic competitor. Will it become our potential substitute?

Recently, "Reference News" put an American newspaper article commenting on India on the front page, but changed the original title "India is Rising to Become a World Power" to "India has a very loud tone", which can well prove that the Chinese people are complicated nowadays.

And subtle mentality.

In 2003, India had an economic growth rate similar to that of China.

There are even reports that a deputy director of the Indian Planning Commission predicts that India's economic growth will reach 9% in 2004.

The American "Chicago Tribune" quoted an Indian deputy prime minister as saying that the 20th century belonged to the West, and the 21st century will belong to India.

A recent Citibank survey drew a direct comparison between the two countries.

The result: India's chances are greater than China's.

Almost all major international banks hold the same view, and the reasons are similar: Compared with China, India has greater potential to catch up.

Between Indian and Chinese dance, who has more appetite for the world?

There has not been much careful and fair discussion - what lingers in many people's minds is often the scene when China defeated India militarily 40 years ago - as if India is only qualified to learn from China.

India: Proud of the High-end Market The world's attention to the Indian economy, in addition to its beautiful growth that is rare in the world like China, is also related to an article-it has been mentioned in the Chinese media since the end of last year.

There was a lot of stir-fry.

This article published in the American "Foreign Policy" magazine by Tarun Kaina, a professor at Harvard Business School, and Yasheng Huang, an associate professor at the Massachusetts Institute of Technology, not only effectively explains India's current growth, but also predicts its future growth with evidence.

Awe at the growth potential.

The analysis of the two professors shows that India, whose primary market is far less prosperous than China, is more efficient than China in the advanced market of currency and capital.

I thought their judgment was well-founded.

Indian banks may not be role models for global finance, but they make far fewer mistakes than Chinese banks.

A research report by the consulting firm McKinsey showed that until 2001, only about 10% of India's bank assets were non-performing loans.

That's about as much as India is willing to admit.

According to a report in India's "Economic Times" on November 18, 2003, by the end of March of that year, the total non-performing assets of the Indian banking system had decreased by more than 20 billion rupees, accounting for 4.4% of net assets.

For similar figures in my memory, the non-performing asset rate that China's banking industry is willing to admit is at least 25%.

There is even a gap between China's capital market and India's.

In the past two years, the prosperity of China's barter trading market has amazed the world, but the stock market has performed appalling fraud and a unique global plunge.

According to statistics, at least 800 billion yuan in market value has been wiped out.

In 2003, the performance of the Indian stock market and its economic growth complemented each other, making domestic and foreign investors smile.

Sanjiv Duga, the Indian fund manager of HSBC Investment Management, pointed out that the continued rise of the Indian stock market has attracted a large number of foreign investors. In November 2003, capital inflows hit a record high, and the situation in December was equally optimistic.

The Bombay BSE index, an indicator of the Indian stock market, closed at 5541.3 points on December 19, a cumulative increase of 64.19% from 3374.9 points at the end of 2002, giving all Indian funds a bumper harvest.

The six Indian funds that can be invested in Hong Kong had returns in 2003 ranging from 73.76% to 106.38%, and their upward trend has not stopped.

The high-end market scenes of China and India are very different, which shows that China's market operations have higher costs and expenses, and that India can reduce market expenses more effectively than China.

In this regard, India can serve as a teacher for China.

●Many savings of Chinese people have been wasted.