Mom_me--India does not benefit from chaos in China (no country tied to the global economy would given China's size). India benefits in the long-run if Chinese labor costs go up (which they are due to demographics and the growth of materialism in China). The evidence of that growth is seen the rising number of worker riots and strikes--invariably over more pay and benefits, not political ideology.
The rising cost of labor makes other countries more attractive. India's population is younger and growing much faster than Chinas, which means its poorest working classes are likely to stay poorer. Within 10-20 years the industrial base will naturally flow to India as it did from places like Japan to China. Yes Japan still makes stuff, but the cheapest manufactured goods shifted to China because of labor costs. Before Japan there was the US and before that their was Europe.
s_isale--China will not fall. Its economy is merely evolving like everyone else's. These are merely the growing pains.
Mom_me--India does not benefit from chaos in China (no country tied to the global economy would given China's size). India benefits in the long-run if Chinese labor costs go up (which they are due to demographics and the growth of materialism in China). The evidence of that growth is seen the rising number of worker riots and strikes--invariably over more pay and benefits, not political ideology.
The rising cost of labor makes other countries more attractive. India's population is younger and growing much faster than Chinas, which means its poorest working classes are likely to stay poorer. Within 10-20 years the industrial base will naturally flow to India as it did from places like Japan to China. Yes Japan still makes stuff, but the cheapest manufactured goods shifted to China because of labor costs. Before Japan there was the US and before that their was Europe.
s_isale--China will not fall. Its economy is merely evolving like everyone else's. These are merely the growing pains.