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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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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 Syndicate
Decoding 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 also

SCMP
China and world at risk of financial turmoil greater than 2008 crisis, ex-finance minister warns

Orange Wang, SCMP corespondent

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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