According to Joshua Cooper Ramo,"Whats happening in China at the moment is not only a model for china,but has begun to remake the whole land scape of international development, economics, society and by extension, politics." India and China's average GDP rate of last five years are 8.8% and 9.8%. Both are proceeding to the path of becoming super power.
Chinese IT firms are recently becoming a new threat to us. In global market,they are running even neck to neck to Indian firms. Recent fraud in 'Satyam' might be a blessing for them. Recent incidents regarding Sikkim, Arunachal Pradesh is also a cause of concern. Chinese low price products are acquiring global,indian donestic market.
Industrial, technological and scientific boom is going on in China rapidly. India can gain from this situation by sharing views.As if our foregin policies with USA, UK, other euopian nations. Chinse product qualities sometimes do not match the international standards. India can encash this by quality contol measures.
Every thing will depend on economic situation, global power sharing and both countries' foreign policis. If they share a good relationship with each other, that will emerge peace and prosperity for both. Otherwise, can be a great treat for each of them.
