(Because this blog isn't only about anti-American zealotry.)
This piece has a bit (but just a bit) about how China and India are rapidly becoming each others' biggest trading partners. This is really a wonderful trend, because China and India are likely to be the France and Germany of the coming century. The only question is France and Germany of 1914-1945, or France and Germany of 1990 (Formalization of the EU)-Present?
I don't think you need to think hard about which outcome is preferable. This piece in Asia Times has a bit more meat to it.
Boy, now that I re-read that, I really hope that China, India and Japan don't play the roles this century of Germany, France, and Great Britain last century. That would suck on many levels.