We consider the evolution by mean curvature flow of a closed submanifold of the complex projective space. We show that, if the submanifold has small codimension and satisfies a suitable pinching condition on the second fundamental form, then the evolution has two possible behaviors: either the submanifold shrinks to a round point in finite time, or it converges smoothly to a totally geodesic limit in infinite time. The latter behavior is only possible if the dimension is even. These results generalize previous works by Huisken and Baker on the mean curvature flow of submanifolds of the sphere.
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