The milestone could have major economic and societal implications for both countries.
to become the third-largest — topping the economies of Japan and Germany — by 2028, according to IMF., where population growth has slowed considerably in recent years, faces a grim economic outlook, as it emerges from three years of zero-COVID policies that dampened market activities and consumer confidence.
A declining and aging population will lead to further economic stagnation, some economists say. "China’s demographic decline is the single biggest factor driving down China’s economic growth," said Robert Blohm, a Toronto-based economist and managing director of the investment firm Keen Resources Asia.
That, combined with India's growing population and a shift away from China due to geopolitical reasons, may help the South Asian country chip away at China's dominance as the world's factory. "A lot of production capacity will be moved to India," Yi Fuxian, a scientist in obstetrics and gynecology at the University of Wisconsin-Madison, told Axios.Apple is already moving some production capacity from China to India amid geopolitical tensions between Washington and Beijing, as well as recent supply chain disruptions in China, the New York Times
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
How India's ruling party is tightening its grip on KashmirThe BJP is counting on the addition of up to a million mostly Hindu voters as it pushes to take control of the region of Jammu and Kashmir that is hotly contested by Pakistan and has been governed almost exclusively by Muslim chief ministers
Consulte Mais informação »
India's Gold imports plunge 79% in December 2022 – ReutersCiting two government sources, Reuters reported on Thursday, India's Gold imports in December plunged 79% from a year earlier. Additional takeaways “G
Consulte Mais informação »
Factbox: India's antitrust directives on Android that have spooked GoogleGoogle has been jolted after the Indian antitrust authority sought changes to how it markets its Android system, which powers 97% of smartphones in the world's second biggest mobile market.
Consulte Mais informação »
India's Dec gold imports plunge 79% as price rise dents demand - sourcesIndia's gold imports in December plunged 79% from a year earlier to the lowest level in at least two decades for the month as a rally in local prices near record high dampened demand, two government sources told Reuters on Thursday.
Consulte Mais informação »
Samsung India says reviewing govt notice on tax disputeSamsung Electronics' Indian unit is reviewing a government notice related to a tax dispute, it said on Thursday, after a media report said a domestic agency accused the company of evading import duties worth 17.28 billion rupees ($212 million).
Consulte Mais informação »