Ya. China and India are not quite up to snuff yet. No matter what they way. Check back in a few years tho.
Between unfixable fiscal instability and the inevitable social instability as hundreds of millions of rural peasants flock to the cities and cannot find work, and China has one huge ticking bomb in its front pocket.
Comments such as yours miss the whole point of forex trading; in a world of fiat currencies, the position trader does not seek out the ''best'' currency, the soundest one -- for there is no such thing. The position trader seeks out and buys the least bad, the least UNsound currency.
Similarly, the trader sells the truly rotten; Rand, Bolivar, probably Real here shortly and New Sol for certain. Euro isn't in this class of rotten, but it's far and away the least structurally sound of the majors. Rupee is a dead flat buy/hold, Rupiah is likely a sell, and Ringgit's fate depends on the next government's (perceived) policies, so toss a coin there. Aussie SHOULD be strong, but isn't as strong as it should be. Kiwi is hopeless as a position trade until the Clark gov't goes away.
A decent longside spec is Kazakh; their enormous resources will begin to be developed for real here shortly -- but the trader will have to be patient, very patient.
Any time you want to use your political views as a basis for trading forex, just bring lots and lots of money. I'll send a cab for you, and you can save dealing fees. Fair enough?