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Abstract Asymmetrical financial globalization implies that developing countries have to bear greater costs and risks than developed countries . It is a problem of the global system and is the underlying cause of the subprime crisis and the new type of global financial crisis . It is also the international system framework which China has toconfront in its future development .By means of an implementation mechanism , China may change its role in the asymmetrical financial globalization , thus shifting from passively taking risks to actively dispersing them , and turning into a great power with coordinated development of its virtual economy and real economy .
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Received: 19 April 2010
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