Strategy set to fit into new era of globalization
By ANDREW MOODY |
China Daily |
Updated: 2020-12-15 07:21
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China COSCO Shipping's Zhongyuantaicang container ship, with a tonnage exceeding 10,000 tons, docks at the Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. [Photo provided to China Daily]
Plan combines weighty role of domestic consumers with continual opening-up
China's new "dual-circulation" development model will provide the engine for the country's future economic success and could herald a new era of globalization, according to experts.
The model, which combines the forces of China's domestic economy and international economic engagement, is set to be central to China's 14th Five-Year Plan (2021-25).