To sustain growth, China is pushing a "dual circulation" development paradigm, which has been mentioned as a guiding thought in a blueprint for its development in the next five to 15 years.ECNS
"China will advance the building of a strong domestic market and a strong trading nation in a concerted way, based on the domestic circulation," read the Outline of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035.
What is the new development paradigm? Why did China put forward it in 2020? How will the country foster it? Here are some explanations....
China's new 'dual circulation' development paradigm
Xinhua (Chinese state media)
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