Tag "Chinese economic reform"

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China Economics

China’s Plan for the Post-Pandemic World Order: The Dual Circulation Strategy

On the 5th of February, 2021, China’s National People’s Congress passed the fourteenth five-year economic plan (14FYP) from 2021 to 2025. A core component of the 14FYP is the Dual Circulation Strategy (DCS). First set forth by President Xi Jinping during the Politburo Standing Committee Meeting of May 14th, 2020, the DCS is set to determine legislative, diplomatic and economic developments in China for the coming decade. Yet, the DCS is not well-defined. By looking into its origins, context, and objectives, this article will forecast the systemic changes to the Chinese economy introduced by the DCS. This article will argue that the DCS is nothing but a plan to advance China’s economic and political interests by strengthening its domestic market, achieving technological self-sufficiency, and promoting the adoption of its standards.

Economics International

Not all about Greece: Underappreciated economic stories of 2015

Greece and the US Federal Reserve have dominated economic headlines for the first half of the year, but several other economic stories of 2015 will have major long-term impacts. Will

Asia Pacific Economics

Chinese Liberalisation 2.0 Shifts Back to the Free Market

The People’s Republic of China appears set to begin a new economic policy that will place less emphasis on state planning and development of industry and more emphasis on the