China's 'Dual Circulation' Strategy

China's economic growth, driven by an export-oriented model, faces challenges due to geopolitical tensions and the pandemic. The dual circulation strategy, introduced by President Xi, aims to enhance domestic production and consumption while maintaining foreign investment. As China seeks self-reliance amid strained international relations, government stimulus plays a crucial role. Although details are limited, dual circulation is expected to shape China's economic policy in the coming years.

What is the primary goal of China's 'dual circulation' strategy?

• To boost internal economic activities

• To increase foreign investment

• To enhance global trade partnerships

• To reduce domestic production

Why is China focusing on greater self-reliance?

• To increase its dependency on foreign technology

• Because of worsening international relations and global trade challenges

• To decrease its GDP

• Due to improved relations with the US

What has weakened consumer spending in China despite an increase in consumption as a percentage of GDP?

• Increased foreign investment

• The coronavirus pandemic

• Improved global trade

• Rising geopolitical tensions

What role is the government playing in China's economic strategy?

• Decreasing foreign technology use

• Increasing consumer spending

• Providing stimulus and investment

• Reducing investment

What is expected to happen with Xi Jinping's 'dual circulation' strategy in the future?

• It will become a concrete policy

• It will reduce domestic consumption

• It will be abandoned

• It will focus solely on foreign investment