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Chindia closing the gap: Obama

business Updated: Sep 17, 2010 23:42 IST
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Reminding Americans that they are facing a highly competitive global environment, US President Barack Obama has said that India and China have got “some very talented” people and are moving up the ladder.

“We are in a very competitive environment, where other countries like China and India have now caught up — in some indicators — and are going to keep on moving because they are hungry and they've got some very talented people,” Obama said in his remarks at a Democratic Party fundraiser in Greenwich, Connecticut.

Campaigning for the Democratic party ahead of the November Congressional polls, Obama said yesterday that the challenges that the US has confronted over these last two years have been extraordinary.

“We've got a long way to go,” he said. “This country received a body-blow. It was already having difficulties competitively. We had a healthcare system that was broken, a middle class that hadn’t seen its incomes or wages go up at the same time as their costs were skyrocketing for everything from college tuition to healthcare.”