'Chindia' is threatening the world's economic pecking order. The 'China-India' juggernaut will be a $16 trillion economy — on a 'nominal' basis — by 2020, predicts CLSA, a leading international securities research firm. …

Here are some CLSA projections of what is to come: By 2020, Chindia will have one-third of the world mobile subscribers and a $100 billion mobile handset market. Its packaged food market size will be $480 billion, which is one and a half times the present US market and five and a half times the present United Kingdom market. The aggregate of bank loans in Chindia will be $9 trillion in 2020 — twice the current GDP of Japan.

Outside Sikkim, in the rest of India, the talk these days is of "Chindia", an economic region with vast domestic markets, where China's manufacturing complements India's now highly renowned IT sector.

Chinese Premier Wen Jiabao has declared that China and India will be the "two pagodas" of economic power in the 21st century. "Cooperation is just like two pagodas — one hardware and one software," he told Chinese journalists recently.

Davies pointed to economist Woody Brock's "Chindia" description of China and India's emerging middle class of 600 million consumers. "It's a market the size of the EU and the U.S. put together—a huge emerging middle class that is driving consumption" of all commodities—including scrap paper.