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‘CHINA
MIRACLE’ CONFERENCE TO GIVE INSIGHT OF CHINA’s ASCENDANCY MANI
SHANKAR AIYAR TO INAUGURATE
Given India’s rapid
stride in the global economic scenario, the comparison with China
has become obvious. China has emerged as the largest and fastest
growing economy, with India, coming close second. But, in a few
years to come, experts suggest that India would be able to overtake
China, if Government takes certain corrective measures, and if New
Delhi learns from the China example and charts its own course of
action. It is also imperative to cooperate with each other, rather
than confront, in the new global scheme of things.
In order to learn and understand
the China Miracle, the Confederation of Indian Industry (CII), is
organising a two-day conference on March 23 and 24, which would
be inaugurated by Mr Mani Shankar Aiyar, Minister of Petroleum and
Natural Gas, on March 23, who himself had been a great advocate
of oil diplomacy with China. Mr Jairam Ramesh, MP, would be the
Conference Chairman. The Conference would be a precursor to the
Chinese Premier’s visit to India next month.
This would be the first ever Conference
organised with China based experts, who would be speaking on the
China Miracle, covering business, economic, social, cultural and
other issues relating to China. The aim of the CII conference is
to understand the China Miracle and to learn about dealing with
and in China.
The sectors which would come under
scanner would be China’s Financial system, media reform in China,
economic reforms in China, MNC’s experience, China and its neighbours,
social changes in China, doing business in China, China’s SOE’s
China’s IT Hubs etc.
Bilateral trade between India and
China has increased to US$ 13 billion during 2004 from a minuscule
US$ 100 million 10 years back. The CII Conference would explore
the feasibility of a free trade agreement between the two Asian
tigers and means to augment economic and bilateral cooperation.
Some of the key speakers at the Conference
would include Mr Wang Jinzhen, Assistant Chairman, China Council
for Promotion of International Trade, Prof Kong-Yam Tan, Senior
Economist World Bank, Beijing, Prof Feng Lu, China Center Economic
Research, Beijing University, Prof H E Liping, Professor and Head
of the Department of Finance, Beijing Normal University, besides,
hosts of academicians and experts from India and China.
New Delhi
March 22, 2005
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