China-Getting bigger and better?

The way China is growing and the speed with which its GDP is increasing, puts shame to countries whose GDP growth would be far from what China is achieving right now in the global recession. Chinese government being modest about their growth pattern and releasing consevative figures of 8-9% growth in the current downturn could be an eye wash for the rest of the world. The growing dominance of China is becoming and the leverage on the world exports is becoming a force to reckon with for the International market. Talking about the FII in the Chinese market, portfolio investments of the order of $42.6 billion and with huge investments in developing the physical and social infrastructure (40% of GDP), China can only go better from here. Its foreign reserves are of the order of $2.3billion, which more than enough to serve the deficit of America for the FY2009. Also, it already own $800 billion worth of American Assests. Also, other major reason is the massive saving rate of China, which is 72% of the GDP against India's 38% of GDP is the major reason of consumer led growth of China. To maintain & further develop its competitiveness, India's main focus would be in increasing the domestic saving rate, invest in the rural sector, bring and implement reforms at the grass root level to achieive economies of scale, develop infrastructure to maintain and further enhance the ability of international firms to compete on the international platform, enhance education and health reforms in the country and most importantly increase consumer confidence on the banking and financial condition of the country so that the market could earn from domestic purchases and thus lead to economic wealth.