China and India are the two most populous countries in the world and also the fastest growing. By sheer virtue of the fact that China and India are home to almost 2.8 billion people, Two-fifths of the world's population. An amount of 100 dollar increase in the per capita income of these two countries would translate into about 280 billion dollars in additional demand for commodities.
The rapid growth of their economies has far-reaching implications not just for global living standards and poverty reduction but also for competitiveness and distribution of income in the rest of the world. Commensurate with their economic progress, there has been a surge of interest in the nature and implications of China and India's economic growth.
There are several apparent similarities in the development process of China and India: both are home to ancient civilizations that have bequeathed distinctive attitudes, institutions, and traditions. Both have very large populations. Both have performed well economically for more than two decades.
As per the International Monetary Fund. “Asia continues to be both the fastest-growing region in the world and the main engine of the world’s economy, contributing more than 60% of global growth (three-quarters of which comes from China and India)."
India leads in R&D, and China has a proven mass-manufacturing track record. The question asked is “How do we nurture an ecosystem for getting affordable and value-added products to the world market using each other’s expertise?”
India and China’s success is vital for a stable world economy. This is evident by the transformation of the economic relationship between India and China which has resulted in a rapid growth for both countries and it is widely accepted that these two emerging giants will transform the global economy in numerous ways over the coming years. Well accepted fact is that by 2030, economies of India and China, together will hold dominance over the world and its policies.
Collaboration instead of competition is vital not just for India and China’s stable growth, but for the entire world economy. Uniting to fight for a common cause is a great way to initiate a mutually advantageous India-China collaboration.
Our objective is to bring our readers the selection of articles from various news agencies not only directly related to India and China but also the ones which affects them indirectly. These will be available on our website as well as will be shared on a timely defined newsletter. These articles will be curated through third-party sources.
THE NAME "INDUQIN"
Hindu and Chinese are the world’s oldest and not just surviving but thriving civilizations. It is amazing that their people still call each other with the ancient names, which is “INDU” for India and “QIN” for China.
We wanted to give this news platform a name which could describe both India and China as well as preserve and respect the position they shared on the world stage for thousands of years, and also to take the inspiration from the ancient names of the two great countries.
No other identification or name came as close as “INDUQIN”, so here we are.
HISTORY OF INDU and QIN
As neighbors and two of the world’s oldest civilizations, India and China have shared a long history of cultural, scientific, and economic linkages. The two ancient civilizations intersected long before the Han dynasty (206BC-AD220) in China and the era of Emperor Ashoka the Great (273-232BC) in India. Through the trading networks of China’s maritime and silk routes, a wide range of goods, pilgrims and knowledge systems enriched each culture. Among them was the dissemination of Buddhism from India to China, which had a transformative effect on Confucian and Taoist culture.
The cultural relations between India and China can be traced back to very early times. There are numerous references to China in Sanskrit texts to confirm this. India and China had coexisted peacefully for over two thousand years. This amicable relationship may have been nurtured by the close historical and religious ties of Buddhism, introduced to China by Indian monks at a very early stage of their respective histories.
The silk route not only maintained trade of China but was also a source of Buddhism in China from India. Ancient India's biggest export to Ancient China was Buddhism. It spread to many other East Asian countries also.
From first century onward Buddhist scholars and monks traveled from India to China. Similarly many students of China traveled to India for their learning. The first establisher of Shaolin temple and a Buddhist monk, Bodhidharma is believed to have traveled from India to China. He is also believed to be the founder of the Zen Buddhism. The Dhyana master Butuo or Buddhabhadra is another master believed to have traveled to China from India. Xuanzang and Yinjing were Chinese students who traveled to Nalanda university in Pataliputra.
Hu Shih, (1891-1962), Chinese philosopher in Republican China. He was ambassador to the U.S. (1938-42) and chancellor of Peking University (1946-48). He said: "India conquered and dominated China culturally for two thousand years without ever having to send a single soldier across her border."
Yuag Xianji, member of the Chinese People's Political Consultative Conference, speaking at the C. P. Ramaswamy Aiyar Foundation, Madras, March 27 1984 said, "Recent discoveries of ruins of Hindu temples in Southeast China provided further evidence of Hinduism in China. Both Buddhism and Hinduism were patronized by the rulers. In the 6th century A.D. the royal family was Hindu for two generations. The following Tang dynasty (7th to the 9th century A.D.) also patronized both Hinduism and Buddhism because the latter was but a branch of Hinduism. Religious wars were unknown in ancient China. There was extensive maritime trade and religious exchanges between India and China at this period (Ad 1-600) and the massive expansion of Indian influence into southern China through Jih-nan and Chiao-chih, in what is now northern Vietnam."
Albert Etienne Terrien de Lacouperie, author of Western Origins of Chinese Civilization states that the maritime intercourse of India with China dates from about 680 B.C. when the sea traders of the Indian ocean" whose "Chiefs were Hindus" founded a colony, called Lang-ga, after the Indian name Lanka, about the present gulf of Kiaotchoa....And throughout this period the monopoly of the sea borne trade of China was in their hands."
India had contact with China from the early period through three routes. One was through the Central Asian region, the second was through Yunan and Burma. The third was by sea to the South Indian ports. The Arthasastra, the Mahabharata, and the Manu-Smriti show knowledge of China. Through all these routes trade and Hindu culture passed to China. Indian arts and sciences were carried to China along with Buddhism. Images, rock-cut caves and the fresco paintings show distinctly Indian influence on the Chinese art. Indian astronomy, mathematics and medicine were spread in China by the scholars who visited it. Several Sanskrit works on these sciences were translated into Chinese.
The art of shipbuilding and navigation in India and China at the time was sufficiently advanced for oceanic crossings. Indian ships operating between Indian and South-east Asian ports were large and well equipped to sail cross the Bay of Bengal. When the Chinese Buddhist scholar, Fa-hsien, returned from India, his ship carried a crew of more than two hundred persons and did not sail along the coasts but directly across the ocean. Such ships were larger than those Columbus used to negotiate the Atlantic a thousand years later. Uttaraptha was the Sanskrit name of the ancient highway which connected India with China, Russia and Persia (Iran).
According to the work of mediaeval times, Yukti Kalpataru, which gives a fund of information about shipbuilding, India built large vessels from 200 B.C. to the close of the sixteenth century. A Chinese chronicler mentions ships of Southern Asia that could carry as many as one thousand persons.
Long before the northwestern routes were opened about the second century B.C. and long before the development of these Indianized states, there were two other routes from India to China. One of these began at Pataliputra (modern Patna), passed through Assam (Kamarupa of old) and Upper Burma near Bhamo, and proceeded over the mountains and across the river valleys to Yunnanfu (Kunming), the main city of the southern province of China. The other route lay through Nepal and Tibet, was developed much later in the middle of the seventh century when Tibet had accepted Buddhism.
In addition to land routes, there was an important sea link between India and China through Southeast Asia. During the course of the first few centuries of the Christian era, a number of Indianized states had been founded all over Southeast Asia. Both cultures met in this region, and the Indianized states served as an intermediary stave for the further transmission of Indian culture and Buddhism to China.
The contribution of India and China to the world's Economy
Hindu and Chinese civilizations were not just the oldest civilizations but also wealthy and prosperous ones. Angus Maddison, the famed British economic historian, is best known for his estimates of world gross domestic product (GDP) that go back all the way to the year 1 AD. In recent times, his charts have been used to tell the fascinating story of how the share of India and China in world GDP used to be very high till about 1600 AD, but started declining thereafter due to the invasions and the industrial revolution. With their current rapid growth, their share in the world economy is now rising once again.
India and China have taken different routes for regain their share in the world economy and that has resulted in their gaining complementary strengths. The world has learned to make use of the resources and capabilities of the both countries and they have become globally competitive. It is easy to spot the advantages of treating India and China synergistically and getting the best of both worlds.
India and China have three good reasons towards their co-operation, first historic, second economic and third strategic. Over centuries both countries have enjoyed strong religious, cultural and economic ties.