Economic growth bereft of spiritual underpinnings in the context of the death of Marxism will be a great challenge for China. India as an elder brother should facilitate an orderly transformation based on our common shared ancient wisdom. Let us remember that China too is a multi-cultural and multi-religious society but interested in our shared past. In the words of Hu Shih, a former ambassador of China to the USA (1938-1942) India conquered and dominated China culturally for 20 centuries without having to send a single soldier across her borders. We should be using our soft power to conquer and dominate China. We need to print million copies of the Ramayana and Mahabharata and start some 50 Bharatiya Vidya Bhavans in China. This is the only way to destabilise our younger brother, by delegitimising communism. Actually China needs this more than USA even though all our soft power is currently on show in the USA. We should recognise Chinas weak point and the need of its masses in the absence of communism. Many Chinese even today believe that their next birth should be in India to reach salvation. Culture and religion are not taboos any more. There are other issues. Officially China recognises or permits only five religions, Buddhism, Islam, Taoism, Protestantism and Catholicism. Hence we should take steps to include Hinduism as well. The point is that our soft power in culture is interwoven intimately with religion. You cannot separate it however much you try it. Carnatic music without Bhakthi is neither music nor art. The strategy should be to encircle China with music, dance, art, yoga. ayurveda, spiritual texts, etc, and capture the hearts of the middle-classes as we have done for centuries. The second issue is related to our own mindset. We tend to look at China either through Western spectacles or through local Marxist spectacles which have thicker glasses. We need to come out of it. Policy formulators are still living in the Sixties and Seventies while China is undergoing a gigantic social crisis due to material prosperity and spiritual vacuum. The foreign secretary-in-waiting was Indias Ambassador to China. She should send someone to China who grasps the strategy and fashions the responses and our actions. Unfortunately, as a Chinese colleague of mine commented, both our countries are ruled by rootless deracinated foreign educated wonders that do not have any idea of the civilisational roots or the cultural richness of our lands. But this is an opportunity too good to pass up, especially as there is every likelihood that the next two superpowers will be from Asia. In the process we would be destabilising the current dispensation and the remnants of communism. Are we ready to undertake such an invasion? The author is Professor of Finance, Indian Institute of Management-Bangalore, and can be contacted at vaidya@iimb.ernet.in. The views are personal and do not reflect that of his organization