Interesting Chindia from Australians' view

The following is an itneresting perspective on China and India.

Michael Pascoe “Chindia - you aint seen nuthin' yet”, 22/09/2010, http://www.smh.com.au/business/chindia--you-aint-seen-nuthin-yet-20100923-15o2v.html

It starts with the following paragraph:

“Even if you think you know the “Chindia” story, odds are you don't really know the Chindia story. And if you're still caught up in China “housing bubble” and US-consumer-dependency yarns, you're blinded by Western conceit and actually don't have a clue.”

Another interesting paragraph:
"Spare me the usual myopic line born of American xenophobia and ignorance about China being dependent on exports to the USA. There is neither time nor space here to go into the detail of these four presentations, but Dines quickly dispatches such nonsense, pointing out that net exports' contribution to China's growth over the past decade has averaged just 1.5 per cent. And the United States' share of China's exports is 20 per cent so the much ballyhooed American consumer is only good for 0.3 per cent of China's GDP growth - growth that runs along in double digits or close to it even in the Great Recession."