Dual Circulation and China¡¯s Development
Justin Yifu Lin
What the paper says
In 2020, China proposed a new development paradigm centered on domestic circulation with a ¡°dual circulation¡± model in which domestic circulation and international circulation promote each other. This new paradigm reflects a clear understanding of China¡¯s development trend that saw its share of exports in the GDP declining steadily since 2006. However, the new paradigm does not necessarily mean that China should change its past policy of fully utilizing domestic and international markets and resources in economic development. Because of large economies of scale in modern manufacturing sector, China should continue to make full use of international markets.
10 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.47 × 0.4 = 0.19 |
| M · momentum | 0.80 × 0.15 = 0.12 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.