Decoding China’s “Dual Circulation” Strategy — Yu Yongding

Summary:
Since May, when China's central leadership started referring to a "new development pattern," there has been much speculation about whether the country is embracing an entirely new economic model. In fact, the government is merely describing changes that have already happened. Yu Yongding is considered an authority on Chinese policy that is worth listening to.Project SyndicateDecoding China’s “Dual Circulation” Strategy Yu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, served on the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006. See alsoSCMPChina and world at risk of financial turmoil greater than 2008 crisis, ex-finance minister warns

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