China will become a developed country? (suspect, compare, economy, government)

[hanwen]

It seem everything goes well in china especially compare with west economy. But think about Brazil, Mexico.
Which level country china would be? What is your idea?

Is there any one believe India would be success in near future?

What is your viewpoint to compare with India and China?

[Drover]

As a casual observer, it would seem China is more committed than India to creating the infrastructure needed to become a fully developed nation. Maybe that's because China simply has more room to build from scratch than India. I've heard of entire cities of 3 million people springing to life in China in a 20-year time span. India just doesn't have anywhere to put a new city of 3 million people, and it's a lot easier to just start from scratch than to retrofit a modern infrastructure into an existing megacity like Bombay or New Delhi.

Additionally, an authoritarian government that can simply command infrastructure into place makes it easier than in a democratic society where people can squabble for a decade or longer over where to put a single mass transit line, and then squabble for another 10 years about how to fund it. Of course, the danger of using authoritarian power to command major economic, social and infrastructural shifts, even when the ultimate goal is a more free-market economy, is the likelihood of misreading supply and demand signals and waste a lot of resources building stuff that isn't needed or building it in places where it isn't needed or wasn't the most efficient use of land and the like.

I also suspect there are fewer cultural barriers to upward mobility in China than in India, but again, just a hunch rather than an educated conclusion.

[boiseguy]

the speed in which china is progressing is unsustainable.. and leads one to believe that a bubble is forming.. when it will burst is the question. Much of the economic data out of china is questionable, because they do not have a free and open society. It is my belief that china does not seek to better the lives of it's citizens, what it seeks is global control and power and influence, to do so militarily would stifle any lasting chances of it happening.. so what they seek to accomplish it in the marketplace. Essentially using the west's individualism and greed against itself. Enticing greed from the west for large capital investments which will essentially gut their own national economies . What china has created is a funnel of wealth transfer from the west to them, and they are using their vast amount of cheap endless manpower (people) to make it happen. There certainly are some benefits for some, which is natural with such wealth coming into the country.. but I still hold strong to the belief that china could care less about the welfare of it's people, it's people are just another resource used for attaining a goal of global dominance

[mullman]

Originally Posted by Drover

As a casual observer, it would seem China is more committed than India to creating the infrastructure needed to become a fully developed nation.

Originally Posted by boiseguy

the speed in which china is progressing is unsustainable.. and leads one to believe that a bubble is forming..

Interesting piece on this:

China's Ghost Cities & Malls

64,000,000 new vacant dwellings

[GregW]

I will not attempt to predict China's future in any detail because I do not have the time for adequate study. However, as the Han people have been successfully taking care of themselves for the last 6,000 years I do not expect them to stop anytime soon. Or ever.

[Winter_Sucks]

I'm not so sure about China. Each year they need massive growth to keep their population under control. The way technology is empowering individuals will eventually loosen Beijing's grip on control and then after that all bets are off.