Read the following passage carefully and answer the question below: Globalization is the objective trend of economic development in the world today, c...
Question
Read the following passage carefully and answer the question below:
Globalization is the objective trend of economic development in the world today, characterized by free flow and optimized allocation of capital, technology, information, and services globally. It results inevitably from the development of productive forces and advances in science and technology, especially the information technology revolution since the 1980s and 1990s. The impact of globalization varies for countries at different development stages. The "dividends" from globalization are unevenly distributed. Developed countries have clear advantages in capital, technology, human resources, administrative expertise, and in setting the "rules of the game," making them the main beneficiaries of globalization. Developing countries, however, generally face disadvantages. They may gain foreign investment, advanced technologies, and management expertise but are also vulnerable to globalization's negative effects and often lack the capacity to mitigate associated risks. The gap between the North and South widened in the 1990s and recent years, putting economic sovereignty and security of developing countries under severe pressure. Some least-developed countries risk marginalization by globalization. Therefore, developing countries must remain vigilant to leverage benefits and avoid risks.
China has maintained an average annual growth rate over 9.3% in the past 20 years, becoming the 6th largest economy and 5th largest trading nation globally, lifting over 200 million people out of poverty. This success amid a volatile international environment is attributed to China following its own development path based on its realities, adhering to socialism, and implementing reforms to resolve contradictions between productive forces and production relations, and between economic base and superstructure, aiming for socialism's self-perfection.
China's opening-up is gradual and systematic, starting from four special economic zones, expanding to coastal cities, inland provincial capitals, and now an all-round opening exemplified by WTO accession. China has leveraged its comparative advantage of low labor costs to attract foreign investment and technology, boosting economic development and growth quality. This integration with the world economy has provided valuable lessons in globalization.
China's participation in globalization is reciprocal. While global economic growth is weak, China's economy remains a bright spot, driving East Asia's recovery with a 6.7% growth in 2002. China also offers the world's largest emerging market, expected to import US$ 2 trillion in goods over the next decade. However, challenges remain, including increased competition domestically and internationally following WTO accession. Despite this, opening to the outside world remains China's fundamental long-term policy, with commitments to broader and deeper opening in multiple dimensions.
Question: Which of the following statements is false?