The Hindu: India Will Surpass China with Faster GrowthPosted: May 1, 2015
Mil.huanqiu.com says in its report today that according to The Hindu’s report on April 29, India is expected to achieve a growth rate of 8%, faster than China. If it conducts further reform and achieves steady faster growth rate, it will certainly surpass China.
China is not afraid of India surpassing it though it has border dispute with India. Xi Jinping provided India with financial assistance for its economic growth when he visited India last year.
Only the US is afraid of another country surpassing it and is even willing to harm itself by harming China as pointed out in my post “Is US So Desperate as to Harm Itself in Order to Harm China?” yesterday.
However, I pointed out in my previous post that US problems lie in its declining economic strength instead of China’s rise to contend with it for world leadership. China is rising but so are other countries. An alliance of two or a few rising countries may put an end to US world leadership.
I have to quote US former Treasury Secretary Hank Paulson once more:
You (Americans) should be less worried about whether China will overtake us than what we’re going to do [in the United States]. Because if we do the things we need to do to get our house in order and fix our economic problems and restore our economy, we’re going to be the preeminent power for a long time. And if we don’t, we won’t.
Source: mil.huanqiu.com “Indian media: Indian economic growth will steadily surpass China: Disparity will keep on narrowing” (summary by Chan Kai Yee based on the report in Chinese)