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Features Australia

China is better at geoeconomics

The US has ignored economic statecraft

7 June 2025

9:00 AM

7 June 2025

9:00 AM

In China in 2020, an ambiguous economic plan emerged from a Politburo meeting. The ‘dual circulation’ strategy was confusing because it aimed to marry the ‘external circulation’ of global demand with the ‘internal circulation’ of domestic demand.

Later pronouncements made more sense. The dual-circulation strategy was a vision to make the world need China but China less dependent on the world.

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