China has grown old before it grew rich. The past decade has been one of a collapsed houehold sector (and birth rate below the already gloomy concensus back in 2010), general deflation, and bright lights and conspicious technology achieved only through throwing government spending at ritzy projects - centrally planned growth and waste. Being unable to escape the domestic security agenda will forever neuter global aspiration, from currency to technology.
India is yet to harmonise widespread organisation.
Relative gaps are smaller, but the persistance of gap is never more entrenched than ever.
That is not a decline. It is however a Great Game, not played with nations but with ideology and where the US and China are quite aligned. That game is less visible until it is seen.
India is yet to harmonise widespread organisation.
Relative gaps are smaller, but the persistance of gap is never more entrenched than ever.
That is not a decline. It is however a Great Game, not played with nations but with ideology and where the US and China are quite aligned. That game is less visible until it is seen.