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Unformatted text preview: began to pour into the country and foreign-invested enterprises sprung up along the coast. By 2000, FIEs contributed to 47.9% of Chinese exports (Zheng, 5). Globalization has caused a profound social and economic impact on China. Due to globalization, China now has the fastest developing economy in the world, on pace to catch the United States within the next 20 years. However, with all the economic advantages gained from globalization, there are negative side-effects. Globalization caused a dramatic effect on China, and the globalized China, in-turn, cause great effect on the world, economically and socially....
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This note was uploaded on 08/31/2008 for the course HIST Chinese Ar taught by Professor Lee during the Spring '08 term at UCLA.
- Spring '08