Are You Ready for the Reign of China Business? (Part 1)
China business has depended more on the United States than India, during its amazing growth over the past two decades. India and China have been more adversarial than collaborative during modern times. Software engineers from India have made some significant forays in to China of late, and China business has never lost any opportunity to flood Indian cities with goods at bargain prices.
However, this has been with the political back-drops of border disputes, a 1962 conflagration that resulted in humiliating defeat for the Indian Army and India’s shelter for His Holiness the Dalai Lama and his followers. Marxism and Maoist ideology have remained deeply ingrained in parts of India during this period, but largely at the margins of policy-making in New Delhi. India has veered towards the United States after the collapse of the Soviet Union, and this has also served to contain China business influences with its neighbor of nearly comparable size.
There are major if subtle signs of change. China business is set to forge alliances with its peers in India, and no nation on earth will be free of the consequences. It remains a matter for speculation as to what could unfold once these two giants act in concert, and put their resources together, but international politics will clearly move away from US dominance. This will heighten the already bludgeoning financial and economic powers of China business and the Indian corporate sector. The two countries, with sympathy from Russia, will determine global food and energy supplies, and will hold more of leading currencies than their home countries. They are already markets for goods and services that no one can ignore. Military hardware will be a common Achilles heel, but both countries have heritages of fighting through peace rather than with physical force.
India and China Business Yesterday, Today, and Tomorrow
The roles of China business and of Indian companies have been distinct in global terms. India has distinguished herself by specializing in software engineers, and by supplying the world with technical and managerial inputs in related areas. China business has become an outsourcing oasis, enabling top brands to hold shares through great cost savings. The two countries have competed with each other in terms of private equity and capital from financial institutions. India’s economic progress has been accompanied by a surge of capitalist forces diametrically opposed to the China business development model.
Markets, resources, technology, and votes, will be the four powerful axes of influence over world affairs once China business and Indian companies join hands seamlessly. The two countries will have unmatched powers, both as consumers as well as producers. Dr. M. Singh, Prime Minister of India, has suggested nuclear energy as a mode of bilateral cooperation, but true strength lies in pooling common abundance. Sequestered thermal energy for example, has new strategic implications, given the common coal resources of China business and Indian entities acting as one unit. China business has pulled ahead of India in the biotechnology field, but Indian technologists have better track records in organic syntheses. These two streams of expertise can wrest western supremacy in fields such as pharmaceuticals and agrochemicals. Finally, the Chinese Head of State supports India’s seat in the Security Council: this move will demolish the NATO coterie, which the US has used to support its military and economic actions against hostile regimes.