China will use its iron hand in a velvet glove approach to foster growth. The fact that the China is producing a tangible increase in the standard of living for many hundreds of millions of its people buys it a lot of time.

India, is smart and well educated at the top. Politics is notably backward in the countryside, but even there it is beginning to dawn on politicians that the Indian people will get a lot richer by working with the west, and dismantling the absurd Fabian socialist economic structure that they erected after independence fifty plus years ago.