are demonstrating against globalization. are they justified, then, in criticizing the globalizing world? instead of narrowing the gap between the rich and the poor, they say, globalization enables the developed nations to swallow the developing nations wealth in debts and interest. globalization, they argue, should be about a common interest in every other nations economic health. we are reminded by karl marx that capital goes beyond national borders and eludes control from any other entity. this has become a reality. multinational corporations are seeking the lowest cost, the largest market, and the most favourable policy. they are often powerful lobbyists in government decision-making, ruthless expansionists in the global market and a devastating presence to local businesses. for china, still more challenges exist. how are we going to ensure a smooth transition from the planned economy to a market-based one? how to construct a legal system that is sound enough and broad enough to respond to the needs of a dynamic society? how to maintain our cultural identity in an increasingly homogeneous world? and how to define greatness in our rise as a peace-loving nation? globalization entails questions that concern us all. like many young people my age in china, i want to see my country get prosperous and enjoy respect in the international community. but it seems to me that mere patriotism is not just enough. it is vitally important that we young people do more serious thinking and broaden our mind to bigger issues. there might never be easy answers to those issues such as globalization, but to take them on and give them honest thinking is the first step to be prepared for both opportunities and challenges coming our way. this is also one of the thoughts that came to me while preparing this speech.

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