China's dual circulation an active choice and long-term strategy

CFP

China's new economic development pattern of "dual circulation" is not a short-term measure, but an active policy choice and long-term strategy, said an official during a press conference held by the 19th Central Committee of the Communist Party of China (CPC) to introduce the guiding principles of the

fifth plenary session

.

The dual circulation takes the domestic market as the mainstay and allows domestic and foreign markets to boost each other. China's domestic demand contributed over 90 percent of the economic growth this year. The country will bring its huge market opportunity into full play to drive the economy growth, said Han Wenxiu, deputy director of the Office of the Central Economic and Financial Affairs Commission.

Meanwhile, highlighting the internal market is by no means a downgrade of opening up, instead, the pattern aims to promote higher level of opening-up by using two resources and two markets, said Han.

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