China’s leaders love a big project.
From the bygone majesty of the Grand Canal to today’s Belt and Road Initiative (BRI), its rulers rarely miss a chance to stamp their mark on history.
The echoes of those projects permeate Beijing’s plans to transform a middle-income nation into an advanced economy.
More information emerges all the time on its ‘dual circulation strategy’. But enough is known to be able to both say what is and predict the winners and losers.
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