The major source of disaffection and also the major normative challenge in the process of globalization is regarded to the distribution. In the interdependence of economies there are global and regional instabilities which are rooted with the same. In one nation having global and regional effects there are manifested in local economic crises and fluctuation (Chinn 2007). One of the most famous example of the same was the financial and exchange rate crisis in Asia which was originated in the year 1998 in Thailand and it was spread rapidly to the other economies of South-east Asia. As a result of the same, throughout the global financial system there were ripples sent due to the crisis. There are implications across the borders because of these linkages which interconnect and bind economies and at the same time it proposes a higher mutual exposure. There are various examples where the interdependence had to be because of globalization with beggar-they-neighbor policies, great depression style competitive devaluations, other kind of protectionist interventions and increased tariffs. However, it could also be said that the overall impact of these might result in the warfare of the economies and there is also a probability of military hostility. Hence, in the following essay we would look at the negative impacts of globalization with a sole focus on China.