Wednesday, 20 July 2011

How Has China Built Relations With African and South American Countries













Modern Sino-African relations between China and the African continent began in the 1950's when China signed a trade agreement with Algerian, Egypt, Guinea, Morocco and Sudan. Over time, the trading between China and African countries flourished, and in 1999, the total Sino-African trade volume was US$6.5 billion. However, by 2005, the total Sino-African trade had reached US$39.7 billion, and in 2006 it jumped to US$55 billion. Africa provides 1/3 of Chinese oil supplies, prompting a lot of Chinese investment in the energy sector in recent years.

http://en.wikipedia.org/wiki/Sino-African_relations

Tuesday, 19 July 2011

India And Its Liberalisation

 Economic reforms began the Liberalisation of India in 1991, these reforms were :

Tax Reforms
The Opening of International Trade and Investment
Controlling Inflation Methods
The Initiation of Privitisation
Deregulation

"In the 1990s India started liberalizing its economy," says Dalmia, "and it did three things: cut taxes, liberalized trade, and deregulated business." 

Since the early 1990s, India has cut its poverty rate in half. About 300 million Indians,equivalent to the population of the entire United States, escaped the hunger and deprivation of extreme poverty thanks to pro-market reforms that increased economic activity.

Tuesday, 12 July 2011

India Foreign Investment and Purchasing Power

India as a country is now ranked at second place, behind China for Foreign Direct Investment. And this will continue to remain at second because of the attractiveness of the country and its lower prices for labour etc. The Japan Bank of International Cooperation, conducted by Japanese investors firmly stated that 'India is the second most promising country for foreign direct investment and overseas business operations'. India attracted FDI equity inflows of US$ 1,274 million in February 2011. The cumulative amount of FDI equity inflows from April 2000 to February 2011 stood at US$ 128.642 billion, according to the data released by the Department of Industrial Policy and Promotion (DIPP).



This video is about how many people are seeing India as a better opportunity for Foreign Direct Investment rather than China because of the fact that China's economy is growing at an extremly rapid rate. And also India has a much lower labour rate then China.

India's Economic Growth and Export Rates

GDP - real growth rate: 8.3% (2010 est.) This GDP is ranked 10th in the world with a percentage change from the previous year of around 12.16%. This shows a massive change in growth although it is not as high as that of China it still ranks highly in the world.
7.4% (2009 est.)
7.4% (2008 est.)


This picture is showing us a 'Rough' estimate of the worlds leading economies, showing a GDP growth OUTLOOK, as you can see India's GDP is ranked second in the % change much much higher then that of the US and the Euro Zone. As you can see from this picture the worlds BRIC economies are growing at a much higher percent then that of the already big economies like the United States Japan and the Euro Zone.

185,420,394 (185.42 million or 18.54 crore)Export Import shipment data from 2003



This video is from the newly appointed Finance Minister of India showing that he sees India's economic growth being at around 8.5% which is a huge economic growth, this is determined on inflation due to the rise in the worlds comoditty prices.

India's Population Facts and Statistics

Currently India holds the worlds second largest population, with a population size of around 1,210,000,000. India's population grew above the 1 billion mark in the year 2000, this was at the same time as when the worlds population grew to an astonishing 6 billion people. It is said by demographers that India's population is expected to raise above the most populated county in the world (China) in the year 2030. The actual projected population number is expected to be around 1.53 billion whilst China's population is expected to peak at around the 1.43 billion mark. This is a substantial population size, unlike any ever seen before. India's current population holds around 17% of the entire worlds population.

1947 India gained independance from the United Kingdom and at this time had about 350 million people and since India gained their independance their population had tripled. India has a 17.64 growth rate and still maintains this.





This video is explaining how India's population has grown a substatial amount since 1991.



This video is showing us how India's population is expected to surpass that of China by 2030, yet showing this is a burden because of the high illiteracy rates in the country and also the fact of the massive unemployment.

Tuesday, 21 June 2011

The Chinese Car Industry

It is not surprising that since 2009 the Chinese car industry has become the largest car industry in the entire world. 2009 saw China develop 13.79 million automobiles.
These are China's biggest players in their car industry,BYD, Lifan, Chang'an (Chana), Geely, Chery, Hafei, Jianghuai (JAC), Great Wall, Roewe. The rest of the car produced in China are on joint ventures with foreign car manufactures such as Volkswagen and GM, this could not only improve the Chinese car industry but also their economy aswell. Many of the cars produced in China are sold in China, which seems surprising compared to the vast amount of foreign cars that the United Kingdom imports.








Jianghuai Automobile


Jinghuai Automobile & Co LTD the company is based in the Anhui Province in China. This company was one of the most productive car manufacturers in the whole of China. The company's estimated production capacity is over 500,000 units/year as of 2009.






http://news.bbc.co.uk/1/hi/business/7879372.stm
this article shows the Chinese car industry overtaking the US