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Topic - Arvind Subramanian
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"China's slowdown is a historic opportunity for India as Chinese production becomes less profitable," said government Chief Economic Adviser Arvind Subramanian said in a speech Monday in New Delhi, adding, "India is a net importer, so China's slowdown is an opportunity to relaunch growth in India."
"America's ability to influence China will be seriously diminished," he said. "And the open trading and financial system that the United States fashioned after World War II will be increasingly China's to sustain or undermine."