FairAndUnbiased
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In what way is China better? Is it because of those swanky steel structures? The military? I can think of only two. The growth rate is illusory and that bubble is pretty unstable which may burst eventually. Their growth rate is falling by the day as their export oriented economy is taking a hit in world markets. So, how is China better?
Net exports make up 7% of China's economy.
There's no credit bubble. Credit bubbles are formed by excess of credit. China has the opposite problem: hundreds of millions are ruthlessly cut off from credit.
I'll just tell you one way China is quantitatively better: China has an average lifespan equal to many European countries like Hungary, Lithuania and Bulgaria, while India's lifespan is closer to North Korea. There's no need to argue with me on this, it is a fact.
List of countries by life expectancy - Wikipedia, the free encyclopedia
80 People's Republic of China (mainland) 73.0
80 Lithuania 73.0
125 North Korea 67.3
139 India 64.7