The ability of capital and labor which allows China to build major manufacturing industries and large infrastructure too.
As a result, the country's bamboo curtain over the world with exports of manufactured goods around the world.
Meanwhile, India seized the attention of being able to develop a knowledge-based businesses world-class, such as software, information technology services, and pharmaceuticals as well as supplying skilled human resources.
In the midst of a global crisis, both countries recorded the highest economic growth in the world while the European countries, the United States, and several Asian countries experienced negative growth.
China's economy grew by reserves meraksasa country through 2.27 trillion U.S. dollars at the end of September 2009. Even the country's economic strength overtake the developed countries, like England, France, and Italy.
India, as newly industrialized countries that actively conduct economic transformation, now has reserves of about 200 billion U.S. dollars. Compare this with the reserves of the United States economy 72.5 billion dollars, and English for 71.1 billion U.S. dollars.
Researcher Institute of Management Faculty of Economics Purwantoro Nugroho said Indonesia, China and India incarnated as the strongest magnet in attracting investment, creating local companies leading, as well as a player in the international market.
According Nugroho, although both continued economic transformation, but the approach used by China and India tend to be different.
Government intervention in China's bigger than India's economic activities. China to invest heavily in physical infrastructure, on the other hand since the mid-1980 the Indian government to reduce intervention in the business world.
"From the investment side, China enthusiastically received foreign investment while India tends to be suspicious of foreign investment so that economic growth is more driven domestic demand," said Nugroho.
If China managed to dominate world exports of manufactured goods, and machinery production, India - with the information technology revolution launched since 1999 - has become the production base of software and information technology products for the U.S. market, Europe, and Asia.
Debate, whether a company should focus on China or India markets especially after the two countries' trading partners (bilateral) trade value reached 225 billion dollars, equal to the value of trade between China and the U.S. in 2006.
"As they increasingly integrated, it would be difficult for others to be able to easily enter into it," said Nugroho.
Then what is the impact of the economic gains to both countries of Indonesia's economy? How can the government strategy and Indonesian businessmen facing China and India?
In China, the trade balance deficit of Indonesian non-oil exports, which means that Indonesia imports more than exports to China.
Total trade with China, Indonesia May 2009 period, reaching 9.2 billion U.S. dollars. Indonesian exports to China 4.3 billion dollars while imports from China reached 4.9 billion U.S. dollars.
Meanwhile, Indonesia's trade with India currently listed with a total trade surplus of 6.5 billion U.S. dollars.
Take advantage of the potential
Minister of Trade Mari Elka Pangestu said Indonesia should take advantage of market potential of China and India are very large with a supply-based product manufacturing.
"Taking advantage of the domestic market of China and India with a manufacturing-based exports, is expected to encourage Indonesia's trade balance with the two countries," said Mari.
So far, Indonesia's exports to China and India are still based on natural resources, such as gas, coal, steel products, rubber, aluminum, and other auxiliary materials.
With a huge market potential in both countries, Indonesia is expected to increase opportunities to supply products, intermediate goods, as well as maintaining exports of natural resource based.
Besides having a large population or in the top three in the world, China, India, and Indonesia is also a country with the largest economic growth in the world as the global crisis is still going on.
According to records, China's economic growth in 2009 expected to reach eight percent, India at this year estimated at 6.5 percent, while the Indonesian economy is estimated to be over six percent in 2011 and 2012.
Let's argue, Indonesia at least set a three strategies for coping with China and India, which makes the two countries as a market and investment opportunities, both compete in the economy, and the third to synergy.
Strategic advantage to be gained from the existence of business Indonesia China and India, the business scale, the strength of mutual support, knowledge transfer, and reduce the risk.
Let believes, Indonesia is likely to compete with China and India because Indonesia has natural resources and human resource potential to be developed.
According to Standard Chartered Bank report titled "Indonesia, the rise of Asian Sources of Economic Growth", three categories of countries that could win the business transformation, which has the financial resources, energy resources and commodities, and able to adapt and change.
Senior economist Fauzi Ichsan StanChart Indonesia admitted, Indonesia does not have the financial resources are adequate, so the challenge how to attract foreign investment to cultivate economic potential.
Could be, many people doubt that Indonesia could capture the potential investors and economic process. However, political stability, improving the business climate, and the seriousness of corruption is expected to improve investor perceptions of Indonesia.
Improvement of business climate in the country is absolutely necessary, in line with the development of Southeast Asia that encourage inter-regional trade and attract inward investment flows.
In terms of economies of scale, large enough that Indonesia has a population of 228 million people or a country with a population of the world's fourth largest after China, India, and the United States.
For that Indonesia should take advantage of sectors that are not owned by both countries, the abundant natural resources and the creative field of economics, as well as the benefits of the tourism sector, Indonesia.
At least, tourists who visited China to foreign countries each year could reach 25 million people. This potential can be cultivated to visit Indonesia. (AntaraNews)
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