Globalization and Its Contradictions: China's Developing Path

Abstract Globalization is a process of contradictions and value conflicts. Developing countries are faced with various challenges in this process. Economic globalization is essentially global-wide expansion of the capitalist economy. Inherent contradictions of economic globalization can be divided into original and derivative contradictions. The inherent contradiction of the capitalist economy determines its two different aspects, its corresponding effects upon the world history, as well as conflicts between economic, political, and cultural values. Being exposed to this process, China needs to make wise choices.