As measured by patents registered or research publications, China is moving up, and India is moving down. 15. I am making this comparison not so much in despair, but to trigger some introspection about what India should do to regain the glory that we enjoyed as the world’s pre-eminent global power 300 years ago. China has demonstrated what is possible.
This was particularly true of our banking supervisors, who are working closely with BaFin and the ECB to ensure a smooth transition for the financial industry. In particular, that means providing information and being available to answer questions from banks that have, to date, operated their European business from London and now wish to establish offices or expand their presence in Germany.