What are the economic challenges of China despite its economic development class 12?

However, China faces a number of major economic challenges that could dampen future growth, including distortive economic policies that have resulted in overreliance on fixed investment and exports for economic growth (rather than on consumer demand), government support for state-owned firms, a weak banking system.

What is 1993 agreement India and China?

The Border Peace and Tranquility Agreement (BPTA or MPTA; formally the Agreement on the Maintenance of Peace and Tranquility along the Line of Actual Control in the India–China Border Areas) is an agreement signed by China and India in September 1993, agreeing to maintain the status quo on their mutual border pending …

What are the main irritants between China and India Class 12?

The issues of conflict between India and China: (i) China tookover Tibet in 1950. (ii) Tibetan spiritual leader sought and obtained political asylum in India in 1959. (iii) Competing territorial claims principally in Arunachal Pradesh and Aksai Chin region of Ladakh.

In what ways does the present Chinese economy differ from the command economy?

The present Chinese economy established new trading laws and created Special Economic Zones leading higher rise in foreign trade. During Command economy the international trade was minimal and per capita income was very low.

What’s behind the India-China border stand-off?

For four weeks, India and China have been involved in a stand-off along part of their 3,500km (2,174-mile) shared border. The two nations fought a war over the border in 1962 and disputes remain unresolved in several areas, causing tensions to rise from time to time.

What is the corollary of the current India-US standoff?

Sure, one certain corollary of the current standoff would be India’s military strengthening its continental focus, and concomitantly, not being able to do its part in terms of maritime burden-sharing (however the U.S. and its Asian allies imagine that to be).

What’s behind the China-Arunachal Pradesh stand-off?

This stand-off in fact, comes within weeks of China’s furious protests against the Dalai Lama’s visit to Arunachal Pradesh, an Indian state that China claims and describes as its own.

How much do you know about India-China border dispute?

Beyond that is a matter of simple ignorance: how many are aware of the fact that almost the entire 3,488 kilometers border between India and China is disputed, the largest such in the world? (In contrast and ironically, a large fraction of the India-Pakistan border is settled, agreed on by both sides on map and ground.)