BackChina and India: The odd couple?
The Asian giants have many similarities while China's growth has been much more consistent and higher than India's
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China has been in the news for the last week in both international and domestic media: internationally because of the hugely successful initial public offering (IPO) of Alibaba, the giant Chinese e-commerce firm; and, in India, because of the visit of President Xi Jinping. After the IPO, Alibaba’s market capitalization is some $230 billion, more than that of Amazon and eBay combined—and almost equal to the aggregate of the four largest listed Indian companies. Alibaba also evidences how rapidly China is coming up in information technology, which has been one of the few Indian success stories in the global market.
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