A Research on China’s Process of Globalization and the Belt and Road Initiative
Abstract
China has seized the opportunity of the world economic transition and integrated into economic globalization ever since it began to implement its national policy of the reform and opening up in 1978. China has taken advantage of its abundant labor force, began its bringing in the capital, technology and managerial experience from the field of processing trade and gone through learning, absorption and innovation. As a consequence, it has grown into both the world's second largest economic entity and the largest country of import and export trade. It is a role model of making full use of the international division of labor, international resources and the international market to develop national economy. Nowadays, China has come up with the Belt and Road Initiative and achieved its further harmony with the global economy with a view to promoting its domestic economic transformation and upgrade and helping the surrounding areas with their economic prosperity.
Keywords: Globalization, The Belt and Road Initiative, Economic Cooperation.
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