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The following is the Building a new economy dominated by domestic demand From “Internal circulation” recommended by And this article belongs to the classification: Digital economy, research report.

In the meeting of the Political Bureau of the Central Committee of the CPC, which deployed the economic work in the second half of 2020, Chinese President Xi Jinping pointed out that China should accelerate the formation of a new development pattern with the domestic main circulation as the main body and the domestic and international dual cycles promoting each other. We believe that this is a practical and feasible strategy to maintain economic recovery during the post epidemic global recession period.

It emphasizes that double circulation is not a shift to an inward oriented economy, but a hope to tap the potential of China’s economy through the support of domestic and foreign enterprises. This will bring new development opportunities for manufacturers and consumers. As the market needs more customized products and services, consumers will also benefit from better public goods and more flexible employment.

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