Economical Globalization & Development of China

Good afternoon, ladies and gentlemen, my name is Zhang Botao, I am from Shaanxi University of Science & Technology.

When I stand here to deliver my speech, I’m a little worried about my cell phone and also yours. I’m afraid that one of them may suddenly ring loudly so that my fascinating speech will probably be interrupted by SIMENS, NOKIA, MOTOROLA or PANDA. And this is just one possible result caused by economic globalization. No matter if you admit it or not, we are now all in a global village and economic globalization is here to stay.

Nowadays, economic globalization is being referred to more and more. I don’t know who first invented the word, but undoubtedly, it is steadily and inexorably becoming more and more common and important. It covers our world so quickly, just like influenza. As Charles Darwin noted: Survival of the fittest. In order to adapt to this great and global reform, I think, there must be something important and urgent we need to do, for every nation, every corporation, and even to every person.

First, take me for an example. Just ten years ago, I did not know what a computer was, let alone what it can do. But since2001, I cannot live without my computer, just like I can’t live without my cell phone! Of course, these great changes are derived from economic globalization, and the rapid development of China. For every Chinese man like me, these rapid changes mean great challenge: Because of economic globalization, many new technologies rushed into China without translation; Because of economic globalization, many unknown software appeared on our desks; And, because of the economic globalization, we must hasten our rhythm of living, working and even resting. The speed of the development of China has been tremendously accelerated, so if we don’t want to be elapsed from this great tidal wave of development, we must understand the meaning of this phrase very clearly: One is never too old to learn.

Second, to an enterprise in China, it also means a problem concerning survival. Our entrance to WTO has paved the way for many super universal corporations to enter the economic market of China. This means the competition in our domestic market will be much more brutal than ever before. If our state enterprises and other companies don’t adjust to this global reform and get used to the more and more cruel competition, surely they will be elapsed in this blood-red economic battle. If you want your company to stand up at last, I think the most important thing for you to do is that, “Firm your confidence and welcome the great coming challenge.”

Third, as globalization is gradually knitting separate national economies into a single one, if one nation would like to stand up and develop during these global changes, it must effectively carry out some economical and political reforms. For example, reducing the tax to attract more international organizations to invest in our country, or do some political reforms, to cater for some important international organizations. Maintaining an average8% economic increase rate per year needs not only effective and promising economic policy, but also the prudent leadership.

Economic globalization brings us not only a great challenge, but also a great chance to develop. It brings us a great potential of international corporations and makes them take roots and develop in China. And this will create new job opportunities for our huge labor market. If we can strengthen ourselves and take the chance, I promise, China’s development will be hastened greatly, and China will become the leader of economic globalization of the world!

by botao