Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    How China fights 'protracted war' for prosperity amid uncertainties

    Xinhua | Updated: 2020-08-05 16:08
    Share
    Share - WeChat
    An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, on May 17, 2020. [Photo/Agencies]

    BEIJING - In coping with the disruptions from the COVID-19 epidemic and global economic slowdown, China's leadership has emphasized the need to steer the world's second-largest economy as if fighting a protracted war.

    It called for the quickened establishment of a new development pattern which gives full play to the advantages of a huge domestic market, so that domestic and foreign markets can boost each other. It also said the domestic market should be the mainstay, emphasizing the need to tackle challenges from a protracted-war perspective.

    "Since many problems we face are long- and medium-term, resolving such problems is like fighting a protracted war," the Political Bureau of the Communist Party of China (CPC) Central Committee noted in a meeting on July 30 where arrangements for the economic work for the second half of the year were made.

    Although this new development pattern puts more emphasis on self-sufficiency, it's improper to interpret it as a policy shift to less opening-up or less active interaction with foreign markets.

    DUAL CIRCULATION

    A commentary run by the People's Daily, the CPC flagship newspaper which local authorities tend to take as a reference for policy interpretation, noted that taking the domestic market as the mainstay is "absolutely not an operation behind closed doors." It is there to exploit the potential of domestic market demands to facilitate better connectivity between domestic and foreign markets for more resilient and sustainable growth.

    The new development pattern, or dual circulation, is more of a solution proposed by China in tough times to boost both its economic resilience and that of the world's.

    As overseas demand is expected to remain subdued due to the global coronavirus pandemic, the political bureau meeting urged efforts to keep expanding domestic demand, counteract the impact of COVID-19, boost final consumption and create conditions for consumption upgrading.

    If the demand of the country's 1.4-billion-people market (and its 400 million middle-income earners in particular) is properly unleashed and well met, it is expected to provide forceful support for China's economic recovery. A solid recovery of the Chinese economy will in turn help boost global morale in pursuing post-pandemic growth.

    On the supply side, China has taken multi-pronged measures, from tax and fee cuts to targeted financing support, to protect the supply chain from succumbing to epidemic shocks and retain the vitality of market entities.

    If the Chinese economy managed to rebound steadily, analysts say more spillover effects can be expected across the world.

    1 2 Next   >>|
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    日韩AV片无码一区二区不卡电影| 久久精品aⅴ无码中文字字幕重口| 人妻中文字幕乱人伦在线| 亚洲AV无码一区二区三区DV| 痴汉中文字幕视频一区| 成人无码免费一区二区三区 | 国产久热精品无码激情| 亚洲日韩AV一区二区三区中文| 无码色AV一二区在线播放| 亚洲AV人无码激艳猛片| 中文字幕国产91| 中文www新版资源在线| 中文字幕精品无码一区二区| 精品人无码一区二区三区| 亚洲AV无码久久精品成人| 国产亚洲精久久久久久无码77777| 亚洲综合日韩中文字幕v在线| 熟妇人妻中文a∨无码| 无码人妻精品一区二| 国产亚洲精品无码专区| 激情无码人妻又粗又大中国人| 无码一区二区三区免费| 亚洲级αV无码毛片久久精品| 免费无码又爽又刺激网站| 精品久久久久久久久久中文字幕| 无码专区中文字幕无码| 亚洲va中文字幕无码久久| 亚洲午夜无码AV毛片久久| 日韩乱码人妻无码中文视频| AV无码一区二区大桥未久 | 中文字幕av高清片| 亚洲人成无码网WWW| 无码国内精品久久人妻麻豆按摩| 91精品久久久久久无码| 日韩久久无码免费毛片软件| 亚洲高清无码在线观看| 国产 欧美 亚洲 中文字幕| 中文字幕人妻无码专区| 欧美日韩中文在线视免费观看| а中文在线天堂| 日日摸夜夜爽无码毛片精选|