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China’s Economic Growth under Circumstances of Economic Globalization
HUANG Tai-yan, ZHANG Hong-wei
Teaching and Research
2004, (7):
25-31.
Mobility of essential productive factors worldwide will give rise to a situation where China’s economic growth no longer relies solely on her own resources. Then, she may expect to solve the problem of rapid economic growth with limited resources at home to a certain degree, and thus maintain sustained, steady and rapid development. In this sense, economic globalization and the fact that China has gradually integrated into the world economic system have lessened the bottleneck effect of resources in China, which means there is room for China’s rapid economic growth. The authors maintain that under circumstances of economic globalization, making use of world resources to support economic development at home brings about beneficial effect on rapid economic development, making China more economic competitive in the world.
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