China vs India: which is better? - For all of 2006 and till October 2007, the Chinese stock markets were on a roll. From a paltry 1,220 in December 2005, the Shanghai Composite Index multiplied 4.27 times to 6,429 by October, registering one of the most rapid rises in stock markets across the globe. During the same period, the Dow appreciated by just 32 per cent, the FTSE by 20 per cent, the Nikkei by 8.5 per cent, Hang Seng by 114 per cent and Sensex by 115 per cent.
Why India might overtake China - That, in fact, was the title of a recent white paper by the Chicago-based consultancy Keystone-India, founded by a group of top economists from Ernst & Young who believe that India is on track to surpass China in growth. "We believe this is India's moment," declares Keystone Chief Economist William T Wilson.
Will India and China be military allies or will they be supicious of each others' fortunes and ambitions?