Extra credit blog: China and globalization /YUERONG WANG
Globalization is an undeniable trend in today's world, exerting profound effects on China. It has brought numerous opportunities and challenges to the country while shaping China's international image. So, is globalization beneficial for China? Conversely, is China advantageous for globalization? Firstly, globalization has positively impacted China's economy. Integration into the global economic system has made China a vital player in global trade, fostering rapid development in manufacturing and services, resulting in substantial economic returns. This economic growth not only elevated living standards nationwide but also propelled China to the forefront of the international stage, showcasing its rising power. Secondly, globalization has propelled significant progress in technology and innovation in China. The nation's alignment with global standards and its open policies have facilitated the exchange of technology and knowledge, allowing China to emerge as a leader in...