Column : Weak economies, hesitant governments
Otherwise, there are more similarities between China and India than one normally admits to. Both the economies have slipped from their spectacular growth performance earlier in the new century. China has just installed a new team in power. By all appearances, it will be weaker than the predecessors. An article in The China Quarterly explains that there is a sharp division between the princelings and the appartchiks. Xi Jinping is a princeling who has risen without any trace of ability thanks to who his father was (remind you of anyone?) while Li Keqiang has been clawing his way up by sheer ability. But the two factions have evenly divided all the top spots and
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