Globalization: Will China Change the World?

摘要

This article illustrates the current status of a globalizing China and discusses the effect of the rise of China on the global economy as well as its consequent changes. Globalization in China should be put in perspective from a historical point of view in order to gain a correct understanding of the changes taking place in China now. In the past, China was one of several core regions in the world, and there seems little doubt that it will reclaim this status in the near future. However, in order for China to regain and maintain its core-region status, China needs to shift from a resource-/energy- intensive, foreign demand-dependent development model to a resource-/energy-conserving, domestic demand-led development model.