Globalization is a serious question when it comes to China. China has embraced globalization as it continues its domestic reform. China has boasted that it feels globalization is a positive move as it joins WTO. Questions that face not only China, but also other countries should be considered in the light of globalization. Many businessmen are worried about the affects this will have on their businesses. The problem is how can China develop the steel business or other businesses so they will continue to grow and not be destroyed? The hypothesis is that China can reengineer the project implement of the steel industry with state-owned enterprises and providing employment for those that need income, thus producing a win-win deal for all concerned China and globalization is an issue that should be addressed seriously as the future may depend on the questions to the problems that will be faced when China joins the WTO.
