Policy Update
What’s behind China’s new concept of ‘Dual Circulation’?
China’s government has long had a penchant for announcing grand policy initiatives with titles that can
appear somewhat unclear -- think of Jiang Zemin’s ‘Three Represents’, or Hu Jintao’s ‘Scientific
Development’. The latest in this tradition is Beijing’s catchily titled new economic framework, the so-called
‘Dual Circulation Strategy’ (DCS).
Since it was first mooted in May, the DCS has attracted much scrutiny, both within and outside China. In this piece we offer CBBC’s explanation of the intentions behind the DCS, and what it might mean for China’s economic development.