The International Process Of Globalization Of Financial Capital And The China Challenge

The glohalizatioti ot economy IS a product of world CCOflOfl1~ developing to a certain historic stages, especially in I 990s, with the end of cold war, the tide of economy globalization swept over the whole world. No matter developed countries or developing countries all were involving onto the tide consciously which has formed great tendency of economic development irreversibly; The globalization of financial capital is the important symbol of economy globalization and a immense strength to push economy globalization forward as well. Facing with swift development ot the glohalizatioti ol linancial capital, many countries lack of sufficient preparation for various issues brought from it. and also made no necessary reformation to international financial system along with it that caused considerably impact over the world economy and many developing countries, even bringing about financial and economic crisis. In this article, I would try to analyze the globalization of financial capital, international course and dynamic mechanism emphasizing on elaborating how Asia and China face the opportunities and challenges oI globalization of financial capital.