China 2020-2035 Xi’s Great Dual Circulation
China’s politburo has proposed a so-called “dual circulation” model of growth to steer the economy, the sources said, which would prioritise “internal circulation” to boost domestic demand and be supplemented by “external circulation”. Policy insiders and government advisers said the emphasis signals a strategic shift to local demand and technological development although domestic supply chains would be built partly with the help of foreign investment....
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