Women walk past a popular shopping mall in Beijing, on October 19, 2020. China’s economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships. Photo: AP
Opinion
Opinion
Macroscope
Should Germany follow China’s ‘dual circulation’ strategy?
- Beijing has ample scope to achieve 6 per cent growth in the coming years, but Germany, dependent on trade with its European Union partners, has poorer prospects
- Germany could take its cue from China’s new gambit to turn inwards and focus on domestic-led recovery to thrive
Women walk past a popular shopping mall in Beijing, on October 19, 2020. China’s economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships. Photo: AP
