Globalization in China

Globalization in China

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For the last century, China’s ineluctable rise ranked among the most salient world developments. Few years ago, U.S.A is still facing economic indigence. Come the end of this century, China’s economy is set to transcend that of the United States (Ella 3). China rises to world’s economic giants, is on the basis of its huge productive volume. Chris, in his documentary, depicts how beautifully China rises, using strict noninterference policy while trading and investing with her partners (Ella 4). China differs from America since she signs lucrative contracts for oil, instead of using brutal power.

China has used various strategies so as promote her ranking. Pursuing capitalism, implementing the policy of state, investing heavily in infrastructure, focusing on foreign direct investment and using a good exchange policy rate, are the key strategies that facilitate China’s rise (Lee 11). By pursuing the capitalism, China allows communist political system to be used, where authorities usually seek truth for facts. The state policy supports capitalism, making it depend on state owned businesses. The exchange rate policy is used to initiate a competition in various economic sectors. China’s economy might not be completely perfect, but her rise is ineluctable.

China’s reemergence in technology also attracts, develops and retains many world’s leading IT companies, R&D centers, manufacturers, suppliers and buyers. According to a report of the European Commission, China surpassed the US, EU-27 and Japan and emerged as the largest high-tech exporter in the world. For instance, in 2009 China’s export in the iPhone amounted US$4.6 billion its annual export in laptop PC valued at US$52 billion5. Furthermore, China’s software industry is undergoing a “golden decade”, and a number of outstanding companies have emerged. Technologies including electronics, computer, software, Internet, telecommunications and cloud computing are the driven power of China’s high-tech industries.

In terms of influential power of these technology development and advancement, China’s booming high-tech industries are set to attract investment from various countries and promote international exchange and cooperation. However we could not get the conclusion that China is growing to take a lead to impact world’s dynamics. We will find that the assembled technology products using imported parts and components will inflate China’s export value.

With this understanding I think China’s strength in assembling and attracting foreign technology will accelerate the world’s technology improvement and fast growth but China still needs a long time to be the first mover of innovative technology and game changer

In terms of influential power of these technology development and advancement, China’s booming high-tech industries are set to attract investment from various countries and promote international exchange and cooperation. However we could not get the conclusion that China is growing to take a lead to impact world’s dynamics. We will find that the assembled technology products using imported parts and components will inflate China’s export value.

With this understanding I think China’s strength in assembling and attracting foreign technology will accelerate the world’s technology improvement and fast growth but China still needs a long time to be the first mover of innovative technology and game changer