API Geoeconomic Briefing is a series provided by the Asia Pacific Initiative, an independent think tank based in Tokyo. The series will look into geopolitical and economic trends in the post-COVID-19 world, with a particular focus on technology and innovation, global supply chains, international rule-making and climate change.
China’s “dual circulation" strategy, referring to the parallel emphasis on internal and international circulation, has been grabbing global attention after the term was first used in a May 14 meeting of the Communist Party Politburo.
China’s central leadership proclaimed that the nation will “fully bring out the advantage of its superlarge market scale and the potential of domestic demand to establish a new development pattern featuring domestic and international dual circulations that complement each other.”