Extra credit reading 2（China and globalization）——ZHANG YUEXI

Is globalization good for China? 

Sure. Moreover, globalization is reflected in many aspects, and the most frequently mentioned is economic globalization. Economic globalization has greatly promoted the economic growth of China. China has become a major participant in the global economy and the second largest economy in the world. Affected by economic globalization, a large number of foreign industries have made direct investments in China, which greatly promoted the modernization of industries in China's mainland and upgraded its technology. Secondly, due to the increase of foreign investment and the development of manufacturing industry, China has also obtained a large number of employment opportunities, especially in coastal areas and special economic zones, and the number of jobs has increased substantially. Economic globalization has expanded the China market, enabled China consumers to obtain more international products and services, improved the living standards of China residents and promoted the consumption quality of China consumers. 


Is China good for globalization? 

China's manufacturing industry is world-famous, and the words "made in China" can be seen on the goods sold in many countries, so China's manufacturing industry plays a core role in the globalization. Its high efficiency and low cost production capacity make it a global manufacturing center. China has a large population, so it is destined to have a huge labor force and a huge consumer group. China's consumer market and growing middle class have attracted the investment of many foreign enterprises. China's investment in other countries is also worth mentioning, especially the "the belt and road initiative" construction that China has been advocating, which is very helpful to the integration of the global economy. China is developing at a rapid speed in recent years, and its technological research and innovation is particularly prominent. China has started to own its own chips (such as Huawei), and its self-developed social media software tiktok has also caught fire around the world, with a very wide audience. Its rise in innovation and technology has affected the global development trend. China has become a major player in the fields of telecommunications, e-commerce and renewable energy.

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