"The business environment might become exceptionally favorable. China's #Hainan Free Trade Port (FTP) will become a point of convergence between China's #economy and the global economy," said Su Jian, head of the China Center for National Accounting and Economic Growth, Peking University. On Dec 18, the FTP will launch special customs operations. For over four decades, #China has promoted reform and development by embracing openness, a proven approach that will continue to guide the FTP's develo

~ Why does China often outperform India in economic growth, infrastructure, and state capacity? From centralized decision-making and long-term planning to rapid industrialization and stronger export ecosystems, China’s development model gives it strategic advantages that India’s slower, more decentralized system struggles to match. Understanding these structural differences helps explain why the two Asian giants continue to grow at very different speeds. #ChinaVsIndia #EconomicComparison #Develo