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An image showing the negative impact of globalisation in China - pollution. This has caused their environment to degrade which also leads to a decrease in their non-material living standards.
Despite having an increasing income inequality in the cities and rural areas of China, thanks to the government's efforts, China's poverty rates had been reduced.
The growth of China's productive capacity and the shift of its production possibility frontier (PPF) would be non-existent if the government did not ease the foreign investment policy.
China joined the World Trade Organisation (WTO) in 2001, commiting to free trade and the orderly conduct of international transactions between countries. Overall, this has improved the Chinese economy.