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The three shocks to globalisation have squeezed opportunities for China while enlarging them for India. Of course, China can overcome its challenges, just as India can seize the initiative.

United statesUnited kingdomRepublic ofSouth koreaArvind subramanianisEuropean unionGlobal developmentJohns hopkins university shoumitro chatterjeeBrown universityJohns hopkins universityShoumitro chatterjeePresident xi jinpingNd of globalisationChinas economyIndias economyChinas economic growth