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b'For ambitious economies that have recently overcome historical economic obstacles and become stable and vibrant engines of growth, the question now is how to make growth sustainable and inclusive. \\n\\nFor the People\\u2019s Republic of China and India, innovation is now the key to their economic futures. Yet the legacies of their growth present troubling issues, chiefly environmental degradation. Both economies are also striving to avoid the middle-income trap that can, in the case of China, undermine sustainability or, in the case of India, undermine inclusiveness.\\n\\nAlthough they share characteristics\\u2014a large population and territory, as well as a long history of civilization\\u2014they are different in important ways. \\n\\nRead the transcript\\nhttps://bit.ly/2OXSwvr\\n\\nRead the working paper\\nhttps://www.adb.org/publications/catching-economic-transition-innovation-prc-and-india\\n\\nAbout the author\\nPeilei Fan is an associate professor of urban and regional planning at Michigan State University, Michigan, USA. \\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2MI2WSc\\nhttps://bit.ly/2N5WyBt'