When it comes to business there are shakes and quakes in the status quo, and then there are tectonic shifts. China and India joining hands easily tops the economic Richter scale.
“India and China can together reshape the world order,” Prime Minister Manmohan Singh of India said in New Delhi as Prime Minister Wen Jiabao of China concluded a four-day trip to India.
Few developments would shake up things as much as the two most-populous and fastest-growing major economies combining their strengths. China, the globe’s low-cost factory, and India, its low-cost intellectual power, could close the ranks against mature, aging, high-cost nations.
See also “India, China for political, not technical solution” from the Hindu, and “China, India expect further progress on border issue” from Xinhua.
