For a big developing economy, the increase in its internal demand is of great significance: It underpins the economy's ability to deal with external risks and challenges, promote economic development, and enhance economic security. In recent years, the traditional international economic circulations have been weakened by the anti-globalization movement, the COVID-19 pandemic, and the rising unilateralism and protectionism, which has posed a threat to the economic security of China.

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China's Industrial Layout Under the “Dual-Circulation” Paradigm

  • Jiuwen Sun

摘要

For a big developing economy, the increase in its internal demand is of great significance: It underpins the economy's ability to deal with external risks and challenges, promote economic development, and enhance economic security. In recent years, the traditional international economic circulations have been weakened by the anti-globalization movement, the COVID-19 pandemic, and the rising unilateralism and protectionism, which has posed a threat to the economic security of China.