Extra credit blog：China and globalization (HUANG LINGXUAN)

 The advantages and disadvantages of globalization for China

Globalization has brought tremendous development opportunities to China. From an economic perspective, China has become the "world factory" by participating in globalization, promoting industrialization, urbanization, and economic growth. At the same time, technology introduction and knowledge exchange have enhanced independent innovation capabilities and enriched the lives of Chinese consumers. However, behind the rapid development is also the intensification of environmental pollution and resource consumption. In addition, China's high dependence on the international market poses potential risks in global economic fluctuations, and the impact of globalization on local culture has also raised concerns about cultural protection.


China's contribution to globalization

China plays an important role in the process of globalization. As the core of the global supply chain, China's efficient production and logistics capabilities have significantly reduced global commodity prices and driven global economic growth. At the same time, the "the Belt and Road" initiative has promoted transcontinental economic cooperation and strengthened infrastructure construction and resource connectivity. However, some critics argue that China's trade policies and subsidies may trigger unfair competition, and its rapid rise has also intensified competition and tensions with other countries in geopolitics.


The two-way interaction between globalization and China

Globalization has not only shaped China's development, but has also been deeply influenced by China. At the economic level, China's contribution to globalization is undoubtedly positive, but challenges and controversies also exist. In the future, how China balances national interests and international responsibilities in the process of globalization, and promotes open cooperation while maintaining local culture, will be an important factor affecting the process of globalization.


Interesting point

The Economist's article mentions that globalization has helped China rise, but in recent years, China seems to have taken "de globalization" measures in certain areas, such as strengthening regulation of its own technology companies and promoting economic circulation. This' selective globalization 'strategy may be a manifestation of China's attempt to strike a balance between globalization and sovereignty.

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