1, economic globalization has brought rare opportunities for China's economic development;

(1) Economic globalization can effectively promote the rapid economic development of China. In recent years, China's economic aggregate ranks first in the world, but the development of a country's economy not only means the growth of its economic aggregate, but more importantly, it is reflected in the evolution of industry, the progress of technology, the innovation of management and the continuous emergence and transformation of modern extrusion structure. Economic globalization has brought about the great development of international division of labor, the great transfer of industries and the great flow of production factors such as capital and technology, which is beneficial to China to make up the gap between domestic capital and technology.

(2) Economic globalization is the driving force of China's economic reform. The reform of state-owned enterprises has become a key link in the reform and construction of China's economic system and socialist market economic system. With the acceleration of economic globalization and China's accession to the WTO, the international practice based on market mechanism has greatly strengthened the constraints on state-owned enterprises.

(3) Economic globalization is conducive to the rapid development of China's foreign trade. Economic globalization has brought all countries in the world into the world economic system, and commodities, capital, science and technology and labor can flow rapidly around the world, creating favorable conditions for China to expand its exports and implement an open economy.

4. Economic globalization has created conditions for China to invest overseas, develop multinational companies and occupy more international markets. Under the tide of economic globalization and internationalization of enterprise management, it is difficult for a country to achieve rapid economic development and improve its international competitiveness without its own large multinational companies. From the development trend, economic globalization provides opportunities for China to actively participate in international competition in a wider range of fields.

2. Economic globalization poses a severe challenge to China's economic development:

(1) Economic globalization has greatly increased the possibility of domestic economic fluctuations. Economic globalization has brought China's economy closer to the world economy. China's domestic economic stability depends not only on domestic factors, but also on international factors. The financial crisis and other international economic fluctuations will affect China through the transmission mechanism of the international economy. Therefore, due to the lack of effective global macro-control, economic globalization may not only bring various benefits to our country, but also bring turbulence, imbalance and crisis to our economy and society.

(2) Economic globalization will weaken China's economic sovereignty. First of all, national sovereignty is influenced by special international economic organizations. In the tide of economic globalization, more and more international economic organizations and agreements have emerged, such as the International Monetary Fund, banks and the World Trade Organization. These "supranational institutions" override the government, restrict the government's economic sovereignty and restrict the government's policies and behaviors. Second, opening to the outside world will bring a certain weakening effect to national sovereignty. Third, the establishment of international economic mechanism has established "rules of the game" for countries to participate in globalization. China must abide by these "rules of the game" if it wants to participate in international economic activities. Fourth, national economic sovereignty is threatened by new international production and international division of labor. With the continuous expansion of multinational companies, China's economy has been ruthlessly eroded, which has caused national economic security risks.

(3) Economic globalization will make it difficult for China to control its production structure and industrial structure. Economic globalization makes the world division of labor possible. At present, China's industrial structure is at the bottom of the pyramid in the international division of labor system. The change of domestic industrial structure is restricted by the economic situation of developed countries.

(4) Economic globalization has aggravated the environmental pollution and the deterioration of the ecological environment in China, and affected the sustainable development of the economy. Due to China's eagerness to develop its economy, weak awareness of environmental protection, imperfect environmental legislation, low environmental protection standards, lack of funds and relatively backward technology, developed countries use virtual people.