However, the impact it has had on China can be considered significant because it has brought China into the spotlight of the global economy. Globalization has had many positive and negative consequences on the Chinese economy. In the short term, it may be that the negative impacts outweigh the positive impacts, but this is easily debatable. Indeed, all the negative impacts of globalization can be corrected through economic policies that can be effectively implemented by the Chinese government. In this way, China as a whole will be able to enjoy all the benefits of globalization and contribute more to the rest of the world as it continues to grow economically and socially. In today's world, globalization is an important part of the development and prosperity of every nation and China should also be able to reap its benefits. Today, as China proudly occupies its place in the global economy as the world's second largest economy and the world's most populous country, it can be said