Extra credit blog: China and globalization----DENG HUICHEN

1. Is globalization good for China?

I think globalization is good for China, which weakens tariff barriers, helps to expand exports, facilitates China's advantageous industries to go global, helps China gain worldwide technical and management experience, and helps to promote economic and mutual benefits between countries. As the largest developing country in the world, China's economic globalization has promoted the development of multinational companies in developing countries, and gradually strengthened their competitiveness in the world market. However, from the development trend, economic globalization provides opportunities for developing countries to actively participate in international competition in a wider range of fields. At the same time, help expand overseas markets. Economic globalization provides opportunities for China enterprises to actively participate in international competition in a wider range of fields. By giving full play to comparative advantages, we can improve the efficiency of resource allocation, expand overseas markets and improve the competitiveness of enterprises. At the same time, globalization also enables the excellent traditional culture of China and the excellent culture of the whole world to promote and develop together, and achieve a win-win situation. Especially culture, is the "key project" of globalization. If nothing else, the Confucius Institutes opened overseas in recent years are the best witness of the exchange and integration of China's traditional culture and other cultures around the world. The excellent traditional culture takes Confucius Institute as the carrier, constantly exchanges and collides with cultures all over the world, seeks common ground while reserving differences with them, and maintains a peaceful coexistence situation. In a foreign country, apart from traditional culture such as excellent Confucianism, the "flowers" of China's traditional culture blossom, and other excellent cultures promote and develop with the world culture in the process of globalization.

2. Is China good for globalization

China has a far-reaching influence on globalization, and China is beneficial to the development of globalization. China insists on opening wider to the outside world and firmly supports free trade, which boosts the development confidence of regional countries and injects positive energy into the world economy. The sustained development of China's economy will bring more vitality to the world economy. China has formed a huge middle-income group and a huge consumer market, which has a great demand for high-quality, high-tech goods and professional services, which has brought new market opportunities to global enterprises. Many multinational enterprises have benefited from the rapid development and market opening of China. China has a huge population, which also proves that the demand for goods in China is large. Cooperation with China will be beneficial to the country's export of goods, and at the same time, it will promote the country's own development.