The author of the passage believes that ----.

China and India need to fix their economies and
societies, and to do so, they have to deal with some
grim news. Growth is slowing, though in China’s case
that helps cool an overheated economy. In both
countries, exports are falling, inflation is at painful
levels, income inequality is reaching great proportions,
and injustices like land grabs are sparking widespread
protests. The two countries have lifted countless
millions of the unemployed out of poverty, but countless
other millions – youths, workers and farmers – remain
marginalized and desperate for decent livelihoods.
While China does not follow the rules, India has too
many rules to follow. China is struggling to contain
assets, deal with bad loans and to rebalance its
economy away from state-directed investment to
consumer-led growth. India’s reputation, meanwhile,
has been so damaged by bureaucratic corruption that
the country’s top corporations have hired US
consultancy firms to make a so-called “credible India”
campaign. However, it seems that India needs to do
lots of work to overcome its bad reputation and there is
no guarantee that it will be able to do so.