Dual Circulation 🔄: think of it as a turbocharged two-wheel drive. On one side, domestic circulation – that’s the Chinese mainland’s consumer market firing on all cylinders 🛍️. On the other, international circulation – global trade and investment weaving everyone into a high-speed innovation web 🌐. Launched in 2020, this strategy is now powering fresh growth and opening doors for brands, startups, and investors alike.
On the home front, domestic circulation means more focus on innovation, tech, and services that resonate with young buyers. Earlier this month, Double 11 shopping fever proved just how vibrant the market is – livestream shopping, sneaker drops, eco-friendly brands, you name it. Whether you’re a fashion label in Dhaka eyeing supply chains in the Chinese mainland or a mobile-gaming startup in Jakarta partnering with local studios, the playbook is the same: tap into a massive, tech-savvy audience.
Internationally, it’s about forging deeper ties with partners across South and Southeast Asia. With new trade routes, digital payment networks, and green-tech projects, the Chinese mainland is inviting global innovators to the table 🌍. Think cross-border e-wallets linking Mumbai to Shanghai, or renewable energy firms from Bangkok collaborating on smart grids in Chengdu. The result? A connected ecosystem where ideas travel fast and everyone can reap the rewards.
For young pros and entrepreneurs in our region, dual circulation is more than policy jargon – it’s a blueprint for collaboration. From sourcing cutting-edge components to scaling your app for millions of users, the opportunities are real. Ready to ride the wave? Dive in, explore partnerships, and get ready for the next chapter of Asia’s growth story 🚀.
Reference(s):
China's dual circulation strategy: Unlocking new opportunities
cgtn.com
