Extra credit blog: China and globalization——ZHENG YAYUAN
- Is globalization good for China? For China Economic globalization is a manifestation of the progress of productivity and production relations, which is in line with the market law; capital is profit-seeking, and global investors must tend to place their capital in countries with advanced financial technology and high consumption capacity, because it means more profits, while countries with insufficient production factors can only use parts of their comparative advantages, such as labor and resources, and China's accession to the WTO is After decades of development, the economy entered a new situation when China gradually became an exporter of technology, and the role of China in globalization increased, so it is a mutually reinforcing relationship. The impact of globalization on China has been tremendous. China joined the WTO in 2001 and officially embarked on the path of globalization. By 2003 China's GDP had achieved double-digit growth, and this high growth continued u