💨 Abstract

The article discusses the economic growth of China compared to India, emphasizing the role of bureaucratic decentralization in China's growth. China's local governments have a broader mandate and account for a larger share of government spending compared to India, allowing for more autonomy and experimentation in economic development. This decentralization has led to increased competitiveness among Chinese cities, contributing to their economic success.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖