Globalization reconfigured, not abandoned
China moving up value chain while remaining pivotal node in production
As geopolitical tensions, climate imperatives and digital disruptions reshape the worldwide economic landscape, many have argued that globalization is in retreat. Yet such a view misses the deeper transformation underway, a senior trade expert told China Daily in an exclusive interview.
"Globalization is not collapsing; it is being reorganized. What we are witnessing is not deglobalization, but reconfiguration," said Zhao Zhongxiu, president of the University of International Business and Economics.
Moreover, China is moving up the value chain while remaining a pivotal node in global production, against the background of rising protectionism in some countries, Zhao said, citing key findings from the Global Value Chain Development Report 2025: The Re-wiring of Global Value Chains in a Changing Global Economy.
