Asian Economic Race: India and China

The complicated relationship of India and China is highlighted by their economic ties with each other. Both countries are considered as Newly Industrialized Economies marked with their large economic growth rate and booming population. Although both countries are competitors in the global free market, they share the same interests that serve their individual needs. India and China have a historical strenuous relationship over Tibet and Pakistan.

India condemned China for its military takeover of Tibet and its support for the nuclear program of Pakistan. But inside global capitalism, the market economy dictates their cooperation both economically and militarily. Despite international policy friction between the two regions, both countries have no other choice but to cooperate in order to compete and gain an edge over their Western counterparts.