November 16, 2016

"Chinese President Xi Jinping starts his visit to three Latin American countries, Ecuador, Peru and Chile, on Thursday. During the tour, he will also attend the 24th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Lima, capital city of Peru. The visit can be viewed as China's effort to promote globalization and new global governance after theG20 Hangzhou Summit.

The September 11 attacks in 2001 illustrated for the first time the dark side of globalization. The 2008 financial crisis has once again demonstrated the negative effect of economic globalization. The growing appeal of anti-globalization is gradually emerging, with some anti-globalization movements becoming increasingly influential in some Western nations. 

Brexit and the strong support for US President-elect Donald Trump can well embody the trend. Instead of saying that globalization is facing major challenges, it might be better argued that globalization has come to a new historical starting point, which is a new era of globalization."

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http://www.globaltimes.cn/content/1018345.shtml

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