Liu Yuanchun: "Understanding the New Development Pattern of Dual Circulation"

The concept of "foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other" was first put forward at the seventh meeting of the Central Financial and Economic Commission in April 2020 and was repeatedly raised in other significant conferences. The concept was written into the14th Five Year Plan for National Economic and Social Development of the People's Republic of China and the Long-Range Objectives Through the Year 2035 issued in March 2021.