Let's see how China and India weathers the the current financial maelstrom ... both nations are resource nations to the western economies and are therefore are very sensitive to their partners economic health. In addition, both India and China are susceptible to internal instability. India recently had bombings with many fatalities and also India, which is not widely known, has a larger muslim population than Pakistan. If fundamentalist islam has an upswing within India then being happy capitalists will be the least of India's concern. Pakistan's instability doesn't help India either. In terms of China, not all chinese are enjoying the benefits of the country's new found economic muscle. There is still a vast peasantry in China that is in no better shape now than they have been in the last thousand years. The Three Gorges Dam project has dislocated millions of Chinese and thrown them into the ghettos of newly built cities, completely divorced from their traditional lifestyles. Not a recipe for stability either.
In short, rich men like Murdoch, often think that success in one area of life grants them some super human perception of reality generally. Thinking that India and China will reshape the world is wishful thinking on the part of a Mega Capitalist who is watching his traditional markets shrink. There is as much evidence that India and China will retreat from a world role in order to address internal issues is there is of those nations taking a lead in international events at all.
About China
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