Chance for a historic recasting of ties | GulfNews.com:
"The void left by the Eastern bloc since the early 1990s in terms of political, economic and military clout was well felt. Such a situation created an imbalance in geo-political equations. But Russia has since regained its influence and while China consolidated its status as an economic powerhouse.
After overtaking France and Britain earlier, the Chinese economy moved past Germany and Japan last year to occupy the second spot after the US. It will not stop at that as it seeks to overcome the US and march towards that goal one careful step after the other. In 2012 it became the biggest oil importer in the world.
India is also treading in the same direction, having achieved high growth rates (until recently). Traditional economic supremos such as the US and the EU now seem to be trying to impede this repositioning of global influence."
'via Blog this'
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