China eyes “double circulation” to cut reliance on overseas markets amid complex situation
China eyes “double circulation” to cut reliance on overseas markets amid complex situation

China eyes “double circulation” to cut reliance on overseas markets amid complex situation

 

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China's top authority eyes "double circulation" strategy, placing more focus more on its domestic market for economic growth and reducing the reliance on the outside world amid an increasingly hostile external environment.

“China’s economy has recovered steadily, and the resumption of work and production has improved month by month,” said the Politburo, China's top decision-making body chaired by Chinese president Xi Jinping, at its midyear meeting on Thursday .

However, the meeting noted that the nation is still facing severe and complex economic challenges and increasing uncertainties. “Many problems facing China are . . .

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