India and China, the largest developing economies of the world have decided to reduce their investments in the US government securities. The increasing level of fiscal deficit and unaccepted policies implemented in US have been some of the few reasons for its declining popularity. Once upon a time China was the single largest investor in US government securities.
‘Change is the only thing constant’ and is it beginning of the shift from Westernization to Easternization?
Rogues
China is expanding the capacity of its Central business district by double in the heart of Beijing. What makes China different? When should a country be considered a responsible country?
Let us take a fictional country named Demo which is democratic and another country called Com which practices communism. Now, Demo is highly populated with highly over utilized infrastructure. Natives of the country cry over the bad infrastructure and the government is tired of convincing people for relocation. » Read more: Modern China!
The airline industry of the two largest developing nations of the world are high on artificial wings. When the world is experiencing the aftermath of the global financial meltdown, China seems to rake in moolah from the airline industry. China has more than 1200 aircraft owned by the airlines and is expected to cross the 1500 mark by 2010. The airline industry in India is expanding steadily but the strategies adopted by the airlines and the government are hitting their bottom line. However, the Chinese airlines supported by the government has ensured more than $ 1 billion in profits for the first nine months of 2009-10. » Read more: Artificial Wings: Exploring the developing nations
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