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LAW437/BSUL388 Chinese Trade and Investment Law QUESTIONS 1 China recognizes that there is now a global economy and China wishes to become part of it. This means that its law not be such as to enable China to take its proper role in the globalisation process. It is important that these laws fit within Chinese culture to ensure that such as do not become irrelevant. This means they must become part of China's social and business fabric and its relations with the outside world. Of course, it is also important that there be an independent judiciary and legal profession. The meaning found in Cambridge International Dictionary of English about the term "globalization" refers to "the increase of trade around the world, especially by large companies producing and trading goods in many different countries" and "when available goods and services, or social and cultural influences, gradually become similar in all parts of the world"1....

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