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India/USA.......China/Russia ? -2
"India, not China, is the coming giant of the 21st century. And India, unlike China, has no history of imperialism or inclination to global domination.|
This year, for the first time, India passed China in economic growth. Its gross domestic product (GDP) shot up by more than 8 percent and now amounts to more than $3,000 per capita, on a purchasing-power-parity basis. China抯 GDP, about $5,000 per capita, is still larger, but not for long.
The key to China抯 coming failure and India抯 growing success is Bejing抯 dependence on manufacturing exports for its wealth and New Delhi抯 focus on its service sector. China exports more than $500 billion of products to the rest of the world, including more than $125 billion to the United States (we sell China only $25 billion each year ?this is not a typo). Because of its low-wage economy and massive manpower, China can undercut the rest of the world in labor costs and produce goods for less than anybody else can."