Corporate Globalisation - Individual Critical Reflection:

Balancing Globalization and Self-Reliance: The Future of China’s Economic Strategy Student Name University Course Professor Name Date Balancing Globalization and Self-Reliance: The Future of China’s Economic Strategy China’s future globalization strategy is an intricate matrix of benefits and elements. As the global economy becomes more complex, Chinese enterprises face the dilemma of further integration or protectionist measures (Morrison, 2019). This paper examines the various perspectives that Xiaojun (2024) and Liwei et al. (2024) hold concerning this situation. While Xiaojun (2024) stresses the need for more connection to international supply chains, Liwei et al. explain the need for changes that allow self-sufficiency from global tensions. The essay concludes that by incorporating these theories with a blend of integration, China will likely develop sustainable economic growth. Critical Reflection Analysis of Authors’ Arguments Xiaojun (2024) argues that China should integrate into the international value chains, emphasizing substantial and sustainable participation in global trade and technology transfer. Xiaojun holds that self-reliance and grid innovation are crucial for China’s development but must maintain globalization. Xiaojun explains why openness and self-reliance should be an intrinsic polarization and technology renewal that cause China’s confidence, which can effectively affect the country’s modernization. More importantly, her view underlines the importance of international cooperation that will contribute to long-term economic development and technological progress by creating strong linkages with other countries and fostering global connectivity (Xiaojun, 2024). China will develop its financial and technological competitiveness according to the idea put forward by Xiaojun, who believes the nation can learn from and cooperate with other countries. Liwei et al. (2024) highlight the problematic tasks that China has to cope with when it tries to get established as a player in the sector of the future, such as new energy vehicles and solar cells. According to them, the significant challenges to China’s export-oriented development strategy lie in international confrontations, primarily from the US and Europe. They indicated that these industries have overcapacity and advised China to increase domestic demand as an alternative way to boost its growth. Liwei et al. (2024)next consider the part of district authorities in restricting excessive competition and correcting needle investment in these sectors. As stated by Liwei et al., only if the internal conflicts are well dealt with will China be able to overcome the international resistance and sustain the development of these emerging industries. This counter-argument illustrates that it is necessary to balance export plans, a robust domestic market base, and rigorous regulatory measures to control the flow of economic expansion in sectors. Areas of Agreement and Disagreement Both articles agree simultaneously on the significance of international trade and cooperation in the future of the country’s economy. They admit that Chinese involvement in global value chains brings benefits and meets needs. Yet, Xiaojun (2024) is convinced of the probability that China will reintegrate with the world’s economic s...