Kochi, Jan 23 (UNI) Stressing the importance of Indo-Sino relations in the new world economic order, Director of South Asian Studies at the China Institutes of Contemporary International Relations in China Hu Shisheng said both the countries were not only rising economies but also 'engines of the global reform'.
Presenting a paper at the Conference on the India-China-US triangle, Dr Hu said ''China and India are rapidly reshaping the world economy and redefining the world geo-political map, making the international strength-pattern and balance tilting towards Asia.'' He said the abundant labour force of both the countries would have far reaching bearings on the international trading and manufacturing patterns.
''While the US, Europe and Japan become more focussed in manufacturing high tech and very specialised products with high added-value, more and more labour intensive and low-value added industries have shifted to China and India,'' he noted.
However, the western technological supremacy was under threat from the two economies as both the countries were on the path of science and technology innovation, and creation of know-how, Dr Hu said.
The rising of China and India had the capacity to change the earth's appearance as the future choices of both the countries would greatly affect the future human life in general, he added.
UNI MA JJ KK RN1729