China and India target $100 bln trade by 2015

[pampango]

Source: Euronews

It is another sign that Wen Jiabao’s charm offensive seems to be working. As the Chinese Prime Minister pursues his trip to India, the two countries are planning to almost double bilateral trade to $100 bln between now and 2015.

Wen’s visit, the first by a Chinese premier to India in five years, has looked carefully choreographed to boost traditionally tense cross-border ties. But the results speak for themselves. Business deals worth more than 12 billion euros have already been signed.

Wen said he hoped to strengthen commercial as well as strategic relations to help secure a better joint future.

India and China, the world’s fastest-growing major economies, are entwined by their booming trade relationship. And while India fears China wants to curtail its rise as a global power, Wen has said they are not rivals and there is room for both powers to develop.

Read more: http://www.euronews.net/2010/12/16/china-and-india-target-100-bln-trade-by-2015/

[Democracyinkind]

1. They were the biggest economies for thousands of years and they will be again

rightfully, so, it seems.

OTHO, where's that growth gonna come from? I see a footprint problem.

[DavidDvorkin]

2. I'm glad you mentioned that

Even on DU, there are people who think that both countries owe everything to the West and that they somehow stole their new success from us.

No more than the US stole its success from Britain in the late 1800s, or Britain stole its success from France before that, and so on. In this case, the future will see Western dominance of the world as an interesting historical anomaly.

[DonCoquixote]

3. True

But the ugly question shall rear it's head, do we want China being the dominant force? Sorry to say, their track record says they do not mind making life cheap.

[DavidDvorkin]

4. I'm not happy about the idea of China being top dog

with their present political and socioeconomic system.

[DonCoquixote]

5. nods

I will admit, if the folks that ran Taiwan ran beijing, this would be China's world, and i would be able to deal with that.

[DavidDvorkin]

6. Over all, I'd prefer India

For all their social problems, democracy seems well rooted there.

Not to mention that as a native English speaker, I'd prefer Indian dominance because of language.

A few years ago, I read predictions that India would surpass China economically by around 2050. I don't know if that prediction still holds.