Extra credit blog: China and globalization --ZHANG MINGSHUO

 The relationship between China and globalization is one of the most important issues in the contemporary international community. As the world's second largest economy, China has played a pivotal role in the process of globalization. Since its reform and opening-up, China has gradually integrated into the world economy and realized rapid development through international trade, foreign investment and technical cooperation. China has become a global manufacturing center, providing the world with a wide range of reasonably priced commodities, and at the same time accumulating a large amount of foreign exchange reserves through the export economic model, which has strengthened its own economic strength. In addition, China's Belt and Road Initiative has further deepened its economic ties with the world, providing new development opportunities for countries along the route through infrastructure development, trade corridors, and cross-border cooperation. However, China's relationship with globalization is not unidirectional, and globalization has also had a profound impact on Chinese society and economy. On the one hand, the introduction of international capital and technology has boosted China's modernization process and raised its productivity and technological level; on the other hand, China also faces challenges related to globalization, including environmental problems, pressure to upgrade its industrial structure, and economic dependence on external markets. At the same time, the socio-cultural impact of globalization has become increasingly significant in China, with the penetration of Western consumer culture and the tension between local traditional culture becoming a hot topic. At the international level, China's rise to prominence in global governance has led to debates about trade fairness, intellectual property protection, and geopolitical competition. Overall, China's relationship with globalization is a complex process of two-way interaction and mutual influence, demonstrating both the driving force of globalization on China's development and China's ability to shape the pattern of globalization.



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