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