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Recs
According to the IMF, China and India will grow 9% and 6.4% in 2010, respectively. Extremely effective stimulus programs have propped up domestic consumption in the face of drastically reduced exports.
Long-term problems facing Chindia include transitioning to sustainable medium-term growth, avoiding the corrosive effects of excessive credit, and preserving/expanding domestic demand once the stimulus programs are inevitably withdrawn.
For now, however, Chindia is as safe a bet as they come.