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Dual circulation needed to protect China economy in ‘extreme’ circumstances, Xi Jinping warns
- The Chinese president said the strategy to boost domestic activity will make sure the country can continue to function normally
- The comments to manufacturers in Inner Mongolia were Xi’s second recent warning to prepare for ‘worst-case’ scenarios
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Chinese President Xi Jinping said China’s strategy to build domestic economic circulation is to make sure the economy can function normally “under extreme circumstances”, in another stern warning of the geopolitical uncertainties ahead.
Xi said the dual circulation strategy is “not contradictory” to China’s participation in international trade and investment flows, during an inspection tour of manufacturers in northern China, state news agency Xinhua said on Thursday.
Xi’s remarks came just a week after his warning to a top level security meeting that China should prepare for “worst-case and extreme scenarios”, to withstand “high winds and waves and even perilous storms”.
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During his visit to Hohhot, capital of the Inner Mongolia autonomous region, Xi praised the local companies’ research and development efforts in new energy and materials.
He urged them to continue to push forward “high-level science and technology self-reliance and overcome science and technology’s bottlenecks”, according to the Xinhua report.
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Xi then said “the purpose of building a large domestic circulation is to ensure that the nation’s economy can continue to operate normally [even] under extreme circumstances, that is not contradictory to participating in international economic circulation”.
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