Tuesday, September 13, 2016
China should be well-prepared for the stagnation of globalization
ANBOUND
The progress of economic globalization has hit the bottleneck since 2008 as trade protectionism is being upheld by many countries around the world. Anbound research team believes that one of the important reasons for this is related to the profit distribution brought by globalization, and this trend will continue for some time. This will cause great challenges for China to enjoy the benefits of globalization and in its effort to complete economic transformation. Facing this challenging situation, China needs to hold its ground and promote pacifism and globalization (open market) to fully transform Chinese market's potential to growth driver in order to cope with the risk of the stagnation of globalization.