According to 1xbet Post the article, at present, two of the fastest growing countries in the world are China and India.
Economic development of both pattern and pattern of slow growth in the West has a lot of different points. China and India’s rapid economic expansion, government investment has played a very important role, while private investment growth is slow, sometimes declining situation. By comparison, Western countries are more dependent on private investment, and slower growth in government investment. Government investment in fast growth and economic development are inseparable. China and India depend on government investment increased rapidly to promote rapid economic growth, and relying too much on private investment in the United States, Europe and Japan in economic growth is relatively slow.
China and India’s rapid economic growth, according to the World Bank 1xbet, in 2015, China’s per capita GDP grew 6.4%, India GDP per capita grew 6.4%. In the world’s major countries, the growth rate was the fastest. It also promoted rapid growth in total consumption of household incomes and domestic demand. In particular, in 2015, China and India economic growth far more than Western countries. In 2015, the EU per capita GDP grew 1.7%, United States of 1.6%, Japan 0.6%. According to 2016, China and India’s growth is almost the same speed as last year, and the United States, the European Union and Japan’s economic growth slows down.
Professor Zhu Tian from China Europe International School of Economics according to the National Bureau of statistics said that from January 2016 to June, the Government fixed assets investment grew 23.5% compared with the same period last year, while private fixed asset investment growth rate is lower, at 2.8%. India’s economic growth is very fast. HSBC (HSBC) India Chief Economist Pranjul Bhandari said in July this year, India government investment rose 21%, while private investment declined by 1.4%.