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Some people say that China is the world’s factory only because of its cheap labor. But India has a similar population and half the wages of China. So why isn’t India the world’s factory?
That’s because China has more advanced technology and far better infrastructure. Every year, China installs half of the world's industrial robots. India is not on the chart. China has built two-thirds of the world’s high-speed rail track. India has zero—yes, zero.
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