China and India on the Road to Success

3305 WordsJan 28, 201214 Pages
China and India on the Road to success There are tons of economically successful counties in the world. However, these days two really stick out in the economic crisis. We are in currently; those are China and India. China and India are almost surpassing the United States faster than we can even try to catch up. They are moving at such an economically booming rate. China and India are moving and surpassing the United States with trade and by getting interest from loans to other countries. China and India are huge economic threats to the United States economy. In this research paper, I will be explaining why China and India are huge economic threats to the United States, why china and India are growing at substantially fast rates,…show more content…
India’s main importer is the United States. China and India are also very similar in taxes. They both have similar systems for paying taxes. China pays the higher tax depending on how much money you make. There tax system works the same way the United States taxes people. The more money you make the more tax money you pay monthly. In India, you do not pay as much taxes as in China. This is also similar to China’s system because they pay more taxes on income that makes more money. As you can see by the chart the more income you make the more taxes you pay. But in India what they do have is tax cuts for interest and royalty. China and India have many foreign relations with other countries. They use a lot of foreign communication, especially in trading. They trade often with the United States. China communicates with foreign countries when diplomats are entering or leaving the country and when they are trading to other countries. India communicates with foreign countries when diplomats and when they trade with the United States. China and India have made plenty of investments. China and India have not only invested in other countries ' bonds and stocks but they have had many foreign direct investments. China
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