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LOL, that is exactly what the author of the OP said.
China is on the verge of collapse, and India is on the verge of ascendancy. It sounds great, until you realize he wrote that article in 2008.
For Indians, they are always living in tomorrow and failing to live up to the expectations. It is always "tomorrow we will grow faster than China" for years and years and years now.
But in ACTUAL fact, China's growth rate is 9.2% while India's growth rate is 6.9%.
I never said verge ..I am saying the bubble is collapsing right now ..obviously those familiar with economics know with the lag effect..but once already the effects
And if you and go about mentioning Indian growth rate is 6.9% in last quarter then at least quote the correct quarterly growth rate of your economy.
8.9% for Q4...down from 9.8% last year.
China's Economy Expands 8.9% in Q4
Published on 1/17/2012 12:17:38 PM | By TradingEconomics.com, Reuters