China's new 'dual circulation' development paradigm — Xinhua

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.

"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....

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China's new 'dual circulation' development paradigm

Xinhua (Chinese state media)