Globalization is a multi-faceted and multi-level complex process involving economy, politics, science and technology, culture, military and social life. The foundation of globalization is economic globalization. The driving forces of globalization can be roughly divided into two categories: first, productivity and scientific and technological revolution, which provide material means for globalization; Second, the relations of production and system, capital in order to obtain greater and more profits, the bourgeoisie in order to maintain and expand the capitalist mode of production. Under the condition of economic globalization, the interdependence of countries' economies is unprecedentedly strengthened. The internal imbalance of any country will be reflected in the external imbalance, which will soon affect the countries closely related to it, and it is very likely that all countries in the world will fall into an unbalanced and crisis situation. 1997 The Southeast Asian financial crisis is the best example. This requires China to improve its economic management intelligence and guard against economic fluctuations and financial risks. Sound macroeconomic policies, fiscal and monetary policies and flexible exchange rate arrangements are effective means to reduce imbalances and external shocks. The challenge of economic globalization to China's economic management functions comes from two aspects: one is the challenge of international economic organizations, and the other is the challenge of multinational corporations. Under the condition of economic globalization, faced with many problems such as trade and investment, no country can solve them alone and has to turn to international organizations. This makes the status and role of international economic organizations increasingly prominent, and it also means the disappearance or transformation of some economic management rights of the original sovereign countries.

In this case, it is very important to adhere to the balance between rights and obligations. Otherwise, the economic sovereignty of the country will be threatened. Multinational companies have an instinctive resistance and evasion to China's policies and measures. They often take advantage of loopholes in laws and policies to engage in speculative activities. Therefore, economic globalization makes the country's economic management function restricted and restricted by international factors, making it more difficult to play its role. China should adapt to the requirements of the development of economic globalization for the transformation of national economic management functions and make timely adjustments. Otherwise, it will endanger the national economic development and national economic security. Generally speaking, China's policy of opening to the outside world cannot and should not be shaken. Comrade Deng Xiaoping repeatedly stressed: "Experience has proved that it is impossible to build behind closed doors, and the development of China cannot be separated from the world." In order to further promote the economic development of China, we must continue to actively carry out foreign economic exchanges and cooperation. At the arrival of the wave of globalization, we must not shrink back passively, but must seize the opportunity and meet the challenge with a positive attitude. Economic globalization has changed the institutional environment of China's opening to the outside world, and China's opening to the outside world has changed from policy opening to institutional opening. Market economy system is the basic mechanism of global resource allocation and the institutional basis of economic globalization, and market economy rules are rules that all countries participating in economic globalization must abide by. With the development of economic globalization, the allocation and reallocation of resources such as capital, technology, talents and market are getting faster and faster, which has a profound and frequent impact on the industrial structure and productivity layout. Only when the market is open can it become an integral part of the world economy. However, as a developing country, China can't completely open its market immediately and unconditionally, but should open it conditionally and step by step, so as to meet its own development level and generate benefits for both trade parties. At the same time, we must abide by the rules of international trade, because the market economy is a legal economy to some extent, so China must abide by the rules and participate in the formulation of the rules. It is also necessary to develop the capital market. If any country wants entrepreneurs to make great achievements, it must develop the capital market.