LIN AIJIA Extra credit blog
China and Globalization The relationship between China and globalization is one of the most significant themes in 21st-century international politics, economics, and cultural exchange. As the world's second-largest economy and the largest developing country, China plays multiple roles in the globalization process: as a beneficiary, a driver, and a participant in shaping the rules. Historical Background Reform and Opening-Up & Globalization China's adoption of the reform and opening-up policy in 1978 marked the beginning of its full integration into the globalization process. [1] By introducing foreign investment and joining international economic organizations (such as the World Trade Organization), China gradually transformed from an agriculture-based nation into a global manufacturing hub. Accession to the WTO In 2001, China joined the World Trade Organization (WTO) [2] , a critical milestone in the globalization process. Through mark...