Extra credit blog: China and globalization-LUBINGNAN

 China and globalization

1.Is globalization good for China?

According to recent articles and blogs from The Economist. Globalization is good for China. During the time when China joined the process of globalization, great changes have taken place in China's economy, politics and culture. The impact of globalization is not only reflected in the continuous development of China's economy and the soaring GDP ranking, but also in the improvement of China's cultural soft power. After the Beijing Olympic Games was successfully held in 2008, Western media generally believed that the rise of China meant that the former "sick man of East Asia" no longer existed, and a vibrant eastern power had emerged. Among them, the United States was the first to take over the concept of globalization and promote it, trying to use globalization to promote American values ​​and development models in all aspects. As a latecomer, after years of arduous negotiations, China finally joined the World Trade Organization at the beginning of this century and formally entered the mechanism of globalization. After joining the WTO, China adjusted its economic structure, quickly adapted to the various regulations of the WTO, and made full use of the opportunities brought about by globalization to vigorously develop China's economy, and quickly became the world's number one in a short period of time. the second largest economy. In many ways, China is one of the biggest beneficiaries of globalization.

2. Is China good for globalization?

China is not only one of the biggest beneficiaries of globalization but also the main promoter of globalization in the world. Although the concept and practice of globalization were first developed in Western countries. But since China joined the world group, it has quickly become the world's second largest economy. Every development in the world can see the shadow of China. For example, made in China, China's manufacturing industry is very developed, and many global companies have established industrial bases in China. With the continuous development of China's economy, China's aerospace industry has also made outstanding contributions to the world. Although China's aerospace industry was not the first to start, China is the first country in the world to land on the back of the moon. There is the world's first quantum satellite and so on.

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