Interview special episode. Live from the 2013 Hong Kong Watch & Clock Fair, I speak with the interesting and charismatic Vishal Tolani (from Solar Time Ltd.), who answers questions about Chinese watch production, why people in Hong Kong love watches, and other tid bits of interesting information about the Asian watch market.
I found myself agreeing with every point. India is not a democracy though. Too much social and economic disparity that is reinforced by the greedy elite rather than being fought against. It'll never reach the heights that China has.
@Ulysses31 China is equally corrupt. They just have an autocratic government in the place of a capitalist oligarchy. China just likes to tout it's GDP which is inflated by fraudulent speculation of housing. India is the country building the groundwork for a world-class market economy.
@nateb123 @Ulysses31 I didn't say China wasn't corrupt, but when they want to get something done, they do it, though admittedly often by disregarding rights. Six hundred million people out of poverty so far isn't a bad thing; if only India could say the same. India's prosperity is a superficial veneer at best. I really hope that changes in the next few decades but I have my doubts.
@Ulysses31 @nateb123 Half of China's GDP growth for the past 20 years has been due to building cities in the middle of nowhere then valuing the housing at prices no one can afford. Most Chinese developments are newer versions of Detroit except Detroit is bankrupt while the Chinese insist their millions of unwanted homes are adding to their country's assets.
My only point is that India's wealth actually is real wealth. When the Chinese can't keep their scam going, they'll be well behind India's slow but steady development.