Western Countries Quit Globalization And China'S "Great Power Rise" Was Just Then.

As the West has withdrawn from the tide of globalization, Britain's retreat from Europe is the most startling manifestation of the recent trend of populism. Analysts expect a new force to fill the gap. This is likely to be China's "great power rise" moment.

In a global economy that lacks growth and investment, China is sitting on the momentum of development and abundant financial resources. Now, when the western countries turn back as a response to the situation of runaway immigrants, they should not just consider the question of whether globalization has come to an end when China wants to join the tide of globalization. Cabet Stan, a senior Chinese observer at Hong Kong Baptist University, raised another question in his article: "what kind of world order does China want?"

If the West does not seize the initiative, China will take the lead. It used to be a typical representative of globalization. Chinese leaders seized the unusual opportunity to open the economy at the end of the 1970s when globalization became more and more turbulent.

Free flowing capital Commodities and technology have proved to be truly transformative. Hundreds of millions of Chinese have got rid of poverty, and many have joined the global workforce, assembling toys, sports shoes and products of higher value such as mobile phones and notebooks.

For the Chinese economy, the fierce opposition of the United States and Europe to globalization means a severe challenge, but the result is not fatal. China has once again grasped precisely the timing: since the collapse of the global financial crisis in 2008, China has been slowly getting rid of its dependence on exports. Domestic consumption is now the main driver of its economic development.

Protectionism in western countries may be given global economy This is also a risk factor. Donald Trump attributed the American economic problem to "leadership worship globalism than Americanism". He also threatened to take trade practices that are not conducive to China.

However, China has a strong influence. Those expectations Globalization People who will bring great success to the free market and the value of freedom will have to put this hope on China, though China has totally different capital and political systems. Such a China will make rules. This is the price that western countries will pay for their shaky financial situation and a shrinking global vision.

Once China has overcome the financial shock caused by Britain's retreat from Europe, it will be able to successfully open the European market, because many countries in Europe are gradually deviating from the trade policy against China. The European economy is in a long decline while China's economy is growing. Europe is laying off workers, while China is increasing employment opportunities and is committed to the development of labor-intensive service enterprises.

Chinese companies with almost unlimited credit advantages are extending their arms overseas. Economic research firm Rong Ding consulting expects Chinese enterprises to invest more than 50 billion dollars in Europe from 2000 to 2014. The consultancy also expects that China's global assets value will reach US $20 trillion in 2020 and increase to three times in just five years.

While Europe is in a state of internal problems, Chinese leaders are thinking globally and putting forward a strategic concept of "one belt and one road", which aims to create new prosperity along the ancient Silk Road linking China and Europe. The countries surrounding the route Central Asia, the Middle East and Africa are looting China's opportunity to raise funds for port facilities, nuclear power stations and high-speed railways. China has invested about $3 trillion in the "one belt and one way" project. This amount is comparable to that of the Marshall plan based on the present value of about $120 billion.