It is not a paper but a speech script.

There has always been a word that often appears in our lives: globalization. As an important participant and beneficiary of globalization, China will continue to join this trend. However, if one wants to add a few keywords to the past period, "de-globalization" will probably be among them.

The term "Native Era" put forward by Professor He Fan in an article undoubtedly accurately summarizes the actual situation in the context of current and future international de-globalization.

The ongoing epidemic has magnified the fragility of the global industrial chain. Globalization itself has long been "wounded". Moreover, this general trend of nativelization is going to become the background color of the next era. Nativelization not only hopes to open to the outside world but also entirely focuses on the development of internal self-circulation; it does not reject globalization but calmly looks at the gains and losses it generates. It does not necessarily be initiative, but it is not compliant; it is a combination of active absorption and passive acceptance.

As Buffett said, we must "Be fearful when others are greedy. Be greedy when others are fearful." The ebb of globalization is unfortunate, but it also provides China with precious opportunities for transformation and greater possibilities. The nativelization era will become a brand new era, with challenges but more opportunities because China has a complete industrial chain supply chain, top-notch transportation system, active talent market, and massive consumer market. These things that seem to be ordinary nowadays cannot be easily found in the world. China has gained these elements in the last forty years of development. It can become one of the few who can both find numerous opportunities from the ebb of globalization and regard the nativelization era as a positive and positive one. This era offers a new opportunity for China to improve its domestic market.

China should be confident about nativelization for many reasons. One of them is actually reflected in people's daily life, the advanced express delivery system. Nowadays, the courier fee is about 8 yuan for online shopping, and many products can be delivered the next day. Such achievements are derived from the development of the new infrastructure and logistics industry under the long-term Keynesian practice. These improvements also enable raw materials or finished products to be delivered throughout China at a meager price, which significantly activates production and consumption.

However, the transition period will inevitably face new troubles that have never been encountered before. When we reach the world's forefront in fields such as transportation and Internet technology, methods such as plagiarism and imitation will no longer work for modern China. In the past, if China learned from the West, we could reap dividends, but now China has leaped to second place in the world. Thus, this method has already come to an end. This also means that China must come up with its ideas. If you want to enjoy the dividends of the nativelization era, there must be a set of domestic closed-loop solutions to hedge risks. Fortunately, China has the world's largest consumer market. The solid internal digestibility and colossal market potential have given domestic technologies more opportunities. The ebb of globalization has accelerated the transformation from expanding the international market to paying more attention to the domestic market. Local companies such as BOE, a screen maker, SMIC, a processor, and Maxscend, have moved to the cutting-edge in this social context.

Thus, the local era may be the era of building a nationwide comprehensive internal economic network, that is, the so-called "internal circulation". Moreover, as the former mayor of Chongqing, Huang Qifan once said, the internal circulation is not a misunderstanding such as "closing the country", but a strategic adjustment to the focus of hedging external instability under the normalization of the epidemic. This is the general trend of the current world.

Of course, the fact that the nativelization era is approaching does not mean that the international market is insignificant, but that globalization itself has reached an inflection point of transformation. China will neither leave the international industrial chain nor will it be left; it is just that we will slow down to reflect on the strategy and layout of globalization. In the meantime, combining the promotion of social justice and economic growth is a vital issue. After all, with the advancement of technology, the illusion that the world will naturally be better and fairer has been shattered.

Globalization is not accomplished once, nor was it finally accomplished at any time in history. The nativelization era and the globalization era are always alternating. This round of globalization can be considered to be led by the United States, and the chaos that arises now probably reveals that the dominant country does not intend to do so. With the process of multi-polarization, globalization will eventually regroup and start again.

There are still endless possibilities in the future.