So it comes down to doing the right thing or going for the money.
My Guess in the long run, bad for Google. China will at some point of time outstrip the US, specially when they don't open up their markets for example the pegged rmb. Some company will fill the gap in China and they will grow bigger than Google. Look at the telco how big are they :)
This presumes that India take quite a while to come on line - which it looks like they are slow to get the ball rolling.
But cudos to Google, they are doing the right thing which is why I would/do buy from google. and why I feel like I can trust google, keep it up guys you have my support :)