The first details about China’s new “dual circulation” economic strategy are emerging.
Beijing will deny it, but its new plan is another nail in the coffin of multilateralism, and yet more evidence of the desire of the great powers to put the needs of their own market above everyone and everything else.
“It’s protectionism, plain and simple,” says Alicia Garcia-Herrero, chief economist for Asia Pacific at Natixis.
The new model will be unveiled next month at a meeting of the Chinese Communist Party’s central committee.
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