CNBCのインスタグラム(cnbc) - 9月7日 06時01分


China will likely become the world’s largest economy in a few years, and it is preparing itself for major shifts in international trade. ⁠

In a world rocked by the coronavirus pandemic and tensions with the U.S., the Chinese government has come out with yet another batch of policy terms to bolster its own economy, this time under the vague umbrella of “dual circulation.” The phrase refers broadly to two circles of economic activity — internal and external — with greater emphasis than before on business at home. The high-level political talk comes just months before authorities plan to release China’s economic blueprint for the next half decade.⁠

“The ‘dual circulation’ policy demonstrates China’s recognition that it won’t be able to rely on trade as much for the next two decades, as it did for the previous two,” Stephen Olson, research fellow at the nonprofit Hinrich Foundation, said in an email last week. “The pursuit of deep economic integration with China is increasingly seen in the U.S. as a strategic mistake, which worked out extremely well for China, but considerably less well for the U.S.”⁠

Full story at the link in bio.


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