India, China should cooperate for mutual benefits: economists

Source: Xinhua| 2018-05-25 21:12:12|Editor: ZD
Video PlayerClose

NEW DELHI, May 25 (Xinhua) -- As the two largest developing economies, India and China should work together for mutual benefits, said Indian economists prior to the upcoming Shanghai Cooperation Organization (SCO) summit.

V. Upadhyay, who specializes in development economics and works at the Delhi-based Indian Institute of Technology (IIT), told Xinhua that the two countries must work together.

"There are so many opportunities ... Already we have a very high level of trade relations between India and China," he said.

China has ample capital and high expertise in many fields, he said, so India can make use of what China has and is ready to offer.

"But in terms of geopolitical terms, if India takes China as a competitor, it won't hold good. In the long run that won't help us really much," he said.

Concerning the Western allegation that China is a developed economy, he said although the Chinese economy has seen a lot of progress, but if one looks at the per capita income of the Chinese people, it is quite low.

"A lot of people continue living in poverty in China, and there can't be any comparison between their living standard with those in European countries, the U.S. or Japan," he added.

Swati Yadav, a senior assistant professor in the department of Economics at the Delhi University's Bhagini Nivedita College, said that while the Western world wants China to embrace the responsibilities of a developed country, China will remain the largest developing country.

"With the status of a developed country comes the responsibilities, especially with regards to the issue of climate change," she said, adding that China is still a developing economy with developed eastern coastal cities and poor western areas.

Swati said that India and China can together present a united front while discussing issues at the international organizations where bargaining needs to be done with the developed nations.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001372066381
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲精品国产一线久久 | 久久国内中文字幕 | 午夜电影网中文字幕在线播放 | 在线观看最新Av不卡 | 中文字幕在线亚洲日韩6页手机版 | 真实国产乱子伦对白视频不卡 |