India also has a much better developed financial system than China, an advantage that will be increasingly important as the two countries develop. Command and control financing (“directed lending,” as economists call it) works well when it comes to building bridges; it is a lot less effective when it comes to choosing what companies deserve to survive.
印度还具有比中国远远更为发达的金融体系，这一优势在两国发展过程中将日益重要。命令和控制性的贷款资助（也被经济学家称为“指令性贷款”）在修建桥梁的时候还可以奏效。但是在选择哪些公司值得存活的时候，它就相形见绌了。