Download our Chief China Economist Bo Zhuang's note "What China's 'dual circulation' strategy means"
“Dual circulation” does not equate to autarky; It's a new jargon for “economic rebalancing”
- “Dual circulation” is new jargon for “economic rebalancing”.
- It does not equate to autarky; rather, it aims to reduce vulnerability to external shocks.
- The leadership plans to accelerate existing development trends via reforms