Containers are seen at a port in Qingdao, in eastern China's Shandong province, on September 1. Exports are expected to play a less-prominent role in China’s growth plans as the new “dual circulation strategy” emphasises boosting domestic demand. Photo: AP Containers are seen at a port in Qingdao, in eastern China's Shandong province, on September 1. Exports are expected to play a less-prominent role in China’s growth plans as the new “dual circulation strategy” emphasises boosting domestic demand. Photo: AP
Containers are seen at a port in Qingdao, in eastern China's Shandong province, on September 1. Exports are expected to play a less-prominent role in China’s growth plans as the new “dual circulation strategy” emphasises boosting domestic demand. Photo: AP
Stephen Olson
Opinion

Opinion

Stephen Olson

China’s dual circulation strategy is a step towards sustainable trade

  • The world is not turning its back on trade or globalisation, but it is being driven towards a more nuanced approach with a more realistic balance than the previous ‘more is better’ mindset
  • The US, EU, Japan, India, Australia and other leading trade nations are also, to one degree or another, making similar adjustments. Expect the process to be messy

Containers are seen at a port in Qingdao, in eastern China's Shandong province, on September 1. Exports are expected to play a less-prominent role in China’s growth plans as the new “dual circulation strategy” emphasises boosting domestic demand. Photo: AP Containers are seen at a port in Qingdao, in eastern China's Shandong province, on September 1. Exports are expected to play a less-prominent role in China’s growth plans as the new “dual circulation strategy” emphasises boosting domestic demand. Photo: AP
Containers are seen at a port in Qingdao, in eastern China's Shandong province, on September 1. Exports are expected to play a less-prominent role in China’s growth plans as the new “dual circulation strategy” emphasises boosting domestic demand. Photo: AP
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Stephen Olson

Stephen Olson

Stephen Olson is a research fellow at the Hinrich Foundation.