What can we expect in the next 5 year period (2011-2015) for China-India comparisons? A highly quoted Morgan Stanley economist believes Indian GDP growth will surpass the Chinese rate in that time period.* That might happen but even if China is no longer the fastest growing major economy, interest in China won't diminish but might actually double compared to the current level.
It's hard to imagine even more interest in China than now but the transformation of China over the next 5 years will even surprise those acclimated to the pace of miracle years. The Economist makes a projection: "China’s torrid growth puts it on course to hit the $16,740 GDP-per-head threshold by 2015..." Although Chinese GDP per capita (PPP) is $7500 for 2010, 2X+ growth in a short time is difficult to believe but highly plausible. If there is 8% real growth + 3-4% inflation + 3-4% currency appreciation over the next 5 years then the per capita will double. At the level of $16,740 per capita, China will be in the same league as countries like Chile, Mexico, and Russia (2010).
Even as someone used to miracle years, I still have a hard time imagining a huge, relatively poor country becoming a middle income country in 5 years. Everyone else will also struggle to make sense of such mind boggling overnight change.
*Update: In 2010 India was the fastest growing major economy. Read the Economist analysis.