China has embraced an inward-facing economic strategy, known as dual circulation, that President Xi Jinping said will help the country rely less on the outside world. Photo: Xinhua
Opinion
Opinion
Xi Jinping’s grand economic strategy was born out of China’s new perception of the world
- China’s dual-circulation policy, with a greater focus on domestic consumption and production, has paid off in the short term but will continue to be tested
- Disruptions in cross-border trade flows prompted a strategic economic rethink at the highest level
China has embraced an inward-facing economic strategy, known as dual circulation, that President Xi Jinping said will help the country rely less on the outside world. Photo: Xinhua
