Over the past 30 years, international trade and investment are very fast- growing and expand faster than the world economy. Many firms decided to expand their business outside their countries, employing peoples internationally. Varieties of products are offered in the stores competing against one another. The technology has been introduced which allows the economy to increase their chance of trade internationally.(1)

“Globalization is today’s objective trend in the economic development in the world in which featured by free flow and optimized allocation of capital, technology, information and service into the global context. It is result in development of the productive forces and advances in science and technology.”(1)

“As a result, economic interdependence and interaction between countries are very strong. In the economic sense globalization means that means there is no country in the world which can develop and prosper in their isolation and successful without trading internationally. China has therefore learnt from their history that isolation in business leads them to go backward. Development progress and prosperity could only be able to achieved through the integration of the outside the countries by increasingly exchanges and cooperation with other countries in the world and influenced by human civilization. Therefore, the globalization gives the world opportunities to keeping up with the changing world outside their origin country.”

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The Criticle Reflection on the Impact on China

Globalization is the process of increasing the integration between different countries and economies by increase the impact of the international influences on other economic aspects.

China sees globalization as their key to economic development and securing a better future for its 1.3 billion of populations.

As the world’s greatest opponent of globalization, China, due to the lack of international economic order, the influence of globalization on specific countries in different stages of their development is entirely treated different. Most of the developed countries often benefit from globalization through their capital, technology, human resources and administrative expertise. On the other hand, developing countries are on focus mainly on the unfavourable position where they can benefit from other foreign investment, advanced technologies and management expertise. (3)

China is benefit from being a fast growing economy. This is mainly occur due to their low cost of manufacturing and labour. Many Westerns companies have change to use Chinese labour more extensively. China has been successfully reduced their poverty through their economic system by mainly focused on increasing openly to trade and foreign investment with other countries.

Even though China’s political system has been run by the communist party, their approach and how they form their strategies in order to promote their economic growth and development has become a bigger player in globalization

The accession of China to the World Trade Organization (WTO) in 2001 has further improve its economy through the integration into the world economy and furthermore into the globalization. As the result becoming part of WTO members they are entitled to provide non-discriminatory treatment to all other members and all foreign individuals. In order to protect the domestic industries and service providers, the price controls is not to be used in this purposes. WTO provided regulations to restrict China’s export subsidies on their agriculture products as they aimed to revise their existing domestic laws and therefore restart their new legislation in compliance with the agreement. In order for China to optimize their export structure and fully participate in international trade. China has to agreed to seize the opportunity under WTO who actively optimist its export structure.

However it does gives China to liberalize its regime in order to integrate in the world economy and offer more pleasant environment for trade and foreign investment in accordance with WTO regulations. This is possible to lead to reduce in the level of corruption in political systems w