India doesn't care, but I doubt China is laughing much after seeing how well the Soviet-style arsenal with which they are equipped is standing up to a moderate dose of western weaponry and tactics.
China are laughing as the West destroys itself in another useless European war, financial crisis break out, and debt and currencies collapse.
They will take what they want, only after arsehole neocons have finally expended all American weapons, money and political will on WWI redux.