China and India's Exports Reshape Global Trade Dynamics
The article compares China and India's exports after economic reforms. Both countries shifted from state-controlled to market-oriented strategies to boost exports. China has excelled in manufacturing exports, while India focuses on services. Initial conditions, like China's proximity to Japan, influenced their trade performance. Both giants have become major players in world trade and are expanding into higher-tech products. China is close to surpassing the US as the top exporter, while India is catching up in manufactured goods. The emphasis on free trade agreements may impact their export growth.