However, the impact it has had on China can be considered great as it has brought China into the spotlight in 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 ones, but this is easily debatable. This is because all the negative impacts of globalization can be corrected with economic policies that can be undertaken efficiently by the Chinese government. In this way, China as a whole will be able to enjoy the full 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 every nation's development and prosperity, and China should be able to reap the benefits as well. Today, as China proudly occupies a place in the global economy as the world's second largest economy and the most populous country in the world, it can be said