The Indians are still extremely jealous of China's progress, claiming China's industrialization is all because of help from the West. If that were so, why is India so unlike China even with favorable treatment by the USA and the West in the past? In Indian minds, stealing is easier than copying, which is still the mindset and that is what is holding India back. Jealousy does not improve development. Trying to compete does and India has a lot to learn from China.
The Brits were ruling India for almost two hundred years and all the Indians copied were archaic laws and systems that still hang like an albatross on Indian necks. That shows Indians are so backward that they could not learn a single thing from the West except how to steal whole companies set up by foreigners using those archaic laws.
How about the West copying from China that help them in their progress in all fairness? Did not the West adopt the Chinese use of the compass that provided them the tool for naval exploration and colonization? Did not the West make use of the Chinese invention of paper making that was to revolutionize education and the spread of knowledge? Did not the West capitalize on the Chinese invention of paper printing, which was also instrumental in the spread of knowledge and education? And most of all, did not the West saw the gunpowder invention of the Chinese and capitalized on it to produce weapons of destruction, rockets and provided the essential inputs for space exploration?
The above are just the most important Chinese inventions and innovations that helped to improve the world. There are so many other things that the Chinese discovered or invented that the world does not even realize its humble Chinese origin. In all fairness, be objective and not just swallow the propaganda trotted out by the West to demonize China as a thief and copycat.
Anonymous
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The Indian rupee is in deep shit. While other global currencies are strengthening against the US$, India's rupee is going in the opposite direction. Unless India can become an industrial powerbase like China, with an export-oriented economy, a weak currency is detrimental, especially having to pay, for example, for energy imports.
There are of course pros and cons regarding currency strengths and weaknesses. China as a net exporter of goods cannot allow the Yuan to appreciate too strongly that will make its exports more expensive for others. China is today the biggest exporter of goods, being the factory of the world, and showing a US$1.2 trillion trade surplus. China would prefer to keep a weaker Yuan, which the USA is not happy about. In fact, the Chinese Yuan is very much undervalued than what it is officially today and the USA has long complained about China keeping the Yuan too weak.
For countries like USA (and also India), which does not depend on massive exports of goods, with its manufacturing base already outsourced to other countries, this is one reason it suffered such a huge deficit against China, and a weak currency makes no sense, besides making imports more expensive. For the USA, tariffs are nevertheless already curtailing imports which may make the current position of a weak currency tenable for the time being. But the problem of the USA is that such curtailment forces businesses like retailers finding it impossible to do business going forward without relying on cheap imports.
The USA is in an era of the Government undoubtedly and unknowingly using 'scorch earth' tactics against its own farmers resulting from its trade war against China, retailers getting gutted by tariffs and other entities in the USA providing research, education and businesses getting starved of foreign talents that serves them well in the past.
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