I tend to agree with L&T. The Chinese by way of controlling its currency and closed economy is killing competition. If India was to devalue its currency and fix it at say Rs 60 to a dollar and peg it at that level, i am sure other countries would cry hoarse. What is also needed is a sustained international effort to put pressure on China to stop its unfair trade practice by means of controlling its currency and market. But i read just a few days back that the officials of the CCP have made it clear that they do not intend to let its currency free anytime soon if at all.