Capt.Popeye
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No, it means China has won a strategic victory without even fighting one battle. Just turned India from hostile to neutral country. It's hard for USA and India relations to ever get back to 2004-2008 levels. Instead, they will be like 2003. This is very favorable to China because it makes Pakistan more easily defensible if the two countries on the two sides don't get along enough to wage a war together.
Now it becomes much easier to for China, Pakistan, Russia and Central Asia countries to do military exercises in all directions surrounding Afghanistan. This means we can easily defeat USA in Afghanistan and project power all the way through Iran (another ally) and into Persian Gulf.
A Chinese naval base in the Persian Gulf with aircraft carrier battle group by 2020 should be China's next strategic goal!
If that was intended to be a logical, reasoned out analysis of Indo-US relations then......................
May be Harry Potter might have some opinions on this matter too?