I can see why Jim Rodgers, the mega-investor, loves China and doesn't India. A similar quake in a major Indian city would have killed fa, far more and left utter third-worldian social chaos in the ground.
Still -- the Chinese need to improve their quake-proofing in their building codes by a few orders of magnitude.
I'd recommend taking a trip to China sometime... Shanghai, Xiamen, Hong Kong, Nanjing, Chengdu, Kunming, Xi'an, Beijing, most of the mid-large cities are very modern. As modern as what you'll find in a lot of Europe, South America, or even the US. And definitely better than most of India...