Home>Top Issues

China’s experience in dealing with globalization recommendable

Tuesday,May 02, 2017

From: China Daily



Long Yongtu, Chairman of the Center for China and Globalization (CCG)and former vice minister Ministry of Foreign Trade and Economic Cooperation./ Photo provided to chinadaily.com.cn

Today’s economic globalization is driven more by the internet than technology and it’s materialized increasingly by small and medium enterprises than multinational companies and more about the extension of value chain than the relocation of industries, Long Yongtu, former deputy minister of commerce and former Secretary-General of Boao Forum for Asia, concluded at the 3rd China and Globalization Roundtable Forum in Beijing host by a leading think tank, the Center for China and Globalization(CCG) . The following is an excerpt from his speech:

The setbacks and challenges especially in US and Europe now the globalization faces are per se the embodiment of the unbalanced redistribution which governments of the all levels in the world should take responsible for.

Most Chinese now recognize the positive role of the globalization which indicates the success of the Chinese government in deal with the benefit-sharing. In other words, the experience China got could be recommended to other countries given the current anti-globalization trend worldwide.

The benefits globalization should be enjoyed by different social strata and social equity is also a vital attribute in sustaining globalization.

The Chinese government has made social equity a priority by carrying out targeted poverty alleviation, narrowing regional gap and improving income redistribution. The recently unveiled Xiongan New Area, a strategy aimed at boosting regional development, is a prime example of this.

Not withstanding, it is too early to say that China should lead globalization considering the shortcomings both on science and technology and enterprise competitiveness. China has still a long way to go for such a position.

From China Daily, 2017-4-24


  • On Trump’s inauguration

    World Insight Studio make a discussion on the Trump’s inauguration, Dr. Wang Huiyao, the President of the Center for China and Globalization (CCG) , Tom McGergor, the Geopolitical Analyst, David Woodard, Political Professor from Glemson University and Parag Khanna, global strategist from Naitonal Univeristy of Singapore, to sharing their opinions.

  • Wang Huiyao: How a Xi-Trump summit could yield progress

    The first meeting between Xi Jinping, China’s president, and Donald Trump, his US counterpart, has generated intense interest across the Pacific. Mr Trump’s invitation to Mr Xi came earlier than expected but the US president has already toned down his rhetoric against the country that he believes has caused huge trade deficits and job losses for the US.

  • China ‘not afraid’ of trade war with Trump

    Beijing condemns new US tariff threat and warns of ‘comprehensive countermeasures’.

  • Trump Taps China Critic Lighthizer for U.S. Trade Representative

    President-elect Donald Trump has picked lawyer Robert Lighthizer to head the U.S. Trade Representative office, his transition team said Tuesday in a further sign the incoming administration will take a tougher line on China.

  • China defines new globalization with its characteristics

    When I first coined the term “Chiglobalization” in 2009, it was a visionary concept inspired by Niall Ferguson’s concepts of UK-led Anglobalization and US-led Ameriglobalization along with the successful 2008 Beijing Olympic Games.