I think China still has 200 million surplus labor. Their statistics bureau stated that it won't be until 2050 when 75% of the population can get a job in the cities. Both China and India have great labor potentials. While India has a younger population, China has more advanced industrial technology. Though, neither are leading the fields as Africa has a younger population with the US/Japan/western Europe having more advanced technology.
I take your point - but what matters is chinese working population is on decline.
Ill make my point further clear as china grows further it will start diverting its resources from manufacturing to other things such as , health care, social care, education, research, infrastructure/IT, Construction, Banking & Financial sector - definetely this diversion will help china become more stronger as the standard of living gets better the cost of manufacturing will start rising.
See we need to understand the point - west is superior in its technology and it might take nother half a century for china/india to compete west let alone bet as we are talk west is inventing new technologies and they know technology is the future. (you may disagree and some might say china is far superior than west - but lets be realistic for a moment) and remember the banking system is still controlled by West, we might have the treasure but the key is still with the west- and we cant beat nor we have a strategy to beat that yet.
Its all about Zero sum game Western planners aren't stupid and indian/chinese arent smarter either, by the time we reach western standards west would have moved further
away.
Lets not bash each other with ding bats if people here think china/india should be superpowers or even come close to being superpowers they should work together and not fight with eachother.
Some people think china is a superpower at the moment i would say its not as its power rests on US paper dollars not the real assets.
http://www.nationmaster.com/country/ch/Age_distribution (this is chinese population pyramid)
And after 2030 chinese population will actually start declining it says and number of unemployable/old people will double by 2050.
And belive me or not by 2050 chinese population above 55 years will be actually around 500 million if not more. and population below 20 years would be around 400 million, so that leaves around 500 million people to can work.