Chinese and Indian roles in world markets limited

China's and India's roles in the global financial system are relatively limited, research published by the European Central Bank finds.

The research looks at the integration of China and India into the global economy using a gravity model to gauge the overall degree of their trade intensity and the depth of their bilateral trade linkages. Along with the limitations of their roles in the global finance system, the research also shows:

when considering trade in goods, the overall degree of

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