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The National Bureau of Statistics (NBS) yesterday announced that GDP grew by 10.7 percent to reach 20.94 trillion Yuan ($2.68 trillion). The consumer price index, a key indicator of inflation, inched up by a mild 1.5 percent. †These figures are part of the 2006 fiscal year, and although forecasts were high for this year, growth has slowed down, but this might be to the benefit of China since growth was close to an unstable pace...
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However this slow down is very small, China’s estimated growth this year is at 11.5% .
As impressive as China’s economy is, India also has very strong economic growth. India’s economic development towards what is it today has much to do with its independence from the colonization of the British...
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The Major Strengths Of The Indian And Chinese Economies
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