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Don't you see that China has reached here in the same capacity, the communist dictatorship.
I believe China has only gotten as far as it has by implementing some free market reforms but I doubt it will continued to do so unless the communist regime is toppled or steps down which may happen.
If you been asked to select one from China and India, what would be your choice?
ERmm.....I think India. In real terms China stands the best chance of growth because of sheer large numbers of population. But China's economic growth may slow down because it's government is hostile towards economics.
If China abide by the rules and regulation then who you think can take over