The dual face of globalization is made up of on one side with the trend towards economic integration, the internet, and free-floating capital, and cultural-political racial neo-nationalisms and the fencing off of borders on the other. How has this dual dynamic of globalization and neo-nationalism played out in Asia? I explore aspects of this question with special reference to China and India, for no other dimension of the impact of globalization in Asia matches that of the impact of China’s arrival as a global capitalist superpower under the hegemony of the Communist Party.