ABSTRACT
Economic globalization is an inevitable in the development of the world economy and an objective historical trend. Since the 1990s, in particular, economic globalization has swept into every comer of the world and all fields of economic life of various countries with an irresistible force. After hundreds of years of development, developed countries boast comparatively mature economic systems, market economic systems, and mechanisms for market economic operation. Developing countries do not have any compete systems or methods to control globalization. Since 1993 China has ranked first among developing countries in terms of utilization of overseas investment for seven years running. In the more than 20 years, since it initiated the policy of reform and opening-up, China has seen rapid development of its foreign trade and economic cooperation. Participation in the World Trade Organization is conducive to the improvement of the international environment for China to develop its foreign trade and economic cooperation.
