China as a Driver for Globalization and Specialization in Trade

The globalization in trade is a natural trend with an increasing economic situation. But it has a great significant influence on developing country and developed country. It does not only always bring benefits, and sometimes it can bring disadvantages which can account for a large part. As one of the developing country, China playas a driver in globalization, so it must have its own specialized products. In China, manufacturing is the best, and service sector is growing rapidly. In this essay, a detailed description of the globalization of trade and specialization will be provided, and its impact on China will also be discussed.

The globalization of trade means that with the development of science and technology and the increased openness of countries, international exchange and circulation have enhanced in the scope, scale, and extent. Globalization of trade on the premise is that the global spread of technology. During the international division development, in some multinational companies, certain mature technology and relevant technology will spread around the world, strengthening the economic relations between states, which have caused the readjustment of industrial structure in the world scope (baidu. 2011).

For China, the globalization of trade is like a double-edged sword. It is undeniable that the effect of globalization of trade has on China is mainly to provide more opportunities to attract foreign investment. At the same time, it is conducive to acquire the world of technology and management experience faster and greater. But in the main time, it also has some disadvantages, such as exacerbated gap between China and developed countries and contradictions.

China's own advantage lies in manufacturing. In the end of 1978, China was reforming and opening up, and then this is the first contact about China and globalization. China got accessed to WTO in 2001; this is the formal integration of China and globalization. In January 2007, China's economy is completely merged with the global economy. This is the progressive realization of the process of globalization in China. From the product structure of China's exports, exports of labor-intensive products as the main form. At this realization process of globalization in China, one can imagine the impact of the manufacturing sector on developed countries.

In accordance with the provisions of WTO in early 2005, full abolition of quotas on Chinese textiles, China's textile unlimited output has impacted the global textile industry, so that the people of the world witness the energy and power of the Chinese economy. With the globalization process, China as the largest manufacturing plant, a large number of inexpensive products from mainland China were sold around the world, which constitutes a significant "crowding out effect" for all other countries outside of China's manufacturing industry. In the global