India is rising to the power of the East. Can China and India lead Asia?

China is building a manufacturing empire, but Indians believe that the forces that decide who will dominate the 21st century are in the hands of Indians. India's Minister for Industry and Commerce camel Nash bluntly declared: "China will win the sprint, but India will win the marathon ."
It is undeniable that foreign funds that flood into China are "gambling", and some may even call it "Mao Shuyin ". However, China implements a controllable market economy policy and can use powerful financial means to avoid the drastic economic change of large scale.
At present, China and the United States are making trouble in dealing with trade issues. What the US wants to say is: China should re-evaluate the value of RMB to reduce the huge trade surplus with the US caused by low labor costs. The general view is that once the RMB appreciation is 25% or more, Chinese products will lose the price advantage in the international market, and the foundation of China's manufacturing empire will also be weakened. However, if you want to focus on the entire Asian manufacturing industry, this is a bit boring.
There is a fact that should not be ignored: the product printed with "MadeinChina" in the European and American markets today is actually the product of the entire Asian manufacturing cooperation, quoting a Chinese merchant: "When you see a shirt printed with 'madeinchina', it is considered to be made in China. Its cotton yarns may first come from Thailand and then be shipped to South Korea for processing, the buttons may come from the Philippines. China just completes the sewing of the fabric and the fixation of the buttons, and delivers the finished products to Europe and America."
Given the large reliance on imports of raw materials, the appreciation of the RMB will greatly reduce the cost of raw materials for Chinese manufacturers. In the end, the products they make can still be sold to Europe and America at a low price. Therefore, the Chinese merchant concluded: "As long as it is politically acceptable, the appreciation of the renminbi will not fundamentally change (the final price of Chinese products in the European and American markets ." This view has also been recognized by the economist besterrom: "This fully demonstrates that we need to adjust the exchange rate for the whole of Asia, rather than simply requesting the appreciation of China's currency ."
If the trade disputes between China and the United States are full of the colors of the 1944-the debate like this has been the main melody of international trade disputes so far, the debate between the US and India will focus on the future.
Indians claim that they aim to be "a hub for global knowledge centers and a hub for cross-border flow of knowledge and services ". India's industry and commerce minister Nash believes that India's comparative advantage is that it has a large, young, well-educated population. According to statistics, 1.1 billion of the population of 70% in India are educated, many of them are proficient in English, and half of them are under 30 years old.
Nash's demographic view conforms to the demographic development trend. An important issue facing developed countries is aging population. Who will fill in the positions left by the retirees after they have retired? Accept immigrants?