Tourists buy souvenirs at a shop in the city of Qingdao, in east China’s Shandong province, on July 25. President Xi Jinping recently said the country would pursue a new development plan, focusing on its domestic market rather than an export-led growth model. Photo: Xinhua
Opinion
Opinion
Outside In
How Xi Jinping’s economic pivot is China’s version of Trump’s decoupling
- The proven benefits of opening up mean Beijing will not turn completely away from international engagement, but will focus on developing belt and road economies with its new ‘dual circulation’ strategy
- However, China is one of a few economies with the critical mass to rely on its domestic economy for sustainable growth
Tourists buy souvenirs at a shop in the city of Qingdao, in east China’s Shandong province, on July 25. President Xi Jinping recently said the country would pursue a new development plan, focusing on its domestic market rather than an export-led growth model. Photo: Xinhua