India, April 14 -- The world's largest and second largest economies, US and China, have declared economic war on each other. Unlike a military war, this is a war where elites, not millions of soldiers are planning and trading attacks. This also means that the similarities and differences between the elites of these two countries will matter in how this battle is fought or resolved. How different are the American and Chinese elite? The former is the world's oldest democracy and the biggest capitalist power while the latter is a communist country with highly developed production structures today but also one which only started tasting economic success a few decades ago. Research by a group of academics from a project which was started in 20...