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Advisers: Dual circulation key to China's development

By Chen Jia | | Updated: 2021-03-03 21:24
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Since the 19th National Congress of the Communist Party of China in 2017, China has entered a new stage of opening-up. Although the anti-globalization trend is rising in the world, China consistently and firmly supports globalization through its own practices and actions, said Yu from Peking University.

The tasks China faces in the coming years include better integrating cross-border trade with industrial development, and promoting economic and trade cooperation in key regions. "Dual circulation" is a crucial new development paradigm to achieve the overall targets of high-quality opening-up, said Yu.

One of the key fields that China will promote this year and beyond is to actively participate in matters related to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership to move forward with reform and opening-up across the board. Further implementing the EU-China Comprehensive Agreement on Investment will be another important task, said Yu.

Zhang Yue and Hou Liqiang contributed to this story.

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