The Chinese Achievement

If the 20th century was the American Century. Many economist predict the 21st century might be China. It has lifted more people from abject poverty in the fastest possible time. Cities like Shenzhen (China’s first SEZ) have grown from fishing hamlets to world class metropolises in 3 decades. Their growth rate has been staggering at double digits. Though the growth rate has slowed in recent years to 6.8% compared to India’s 7.1% (Reference). Though India should be cautious in its rejoicement over beating China in GDP growth rate as China’s 6.8% is on 11.2 Trillion USD economy, compared to India’s 7.1% on 2.264 Trillion USD economy, Since China grows on a larger principle, it is still growing faster than India adding more jobs ,enterprises and wealth to its economy.