Hey everyone! The global economy is shaking up like never before 😲. Amid rising trade tensions and tech puzzles, the Chinese mainland's "new development pattern"—introduced by leader Xi Jinping five years ago—is creating a fresh playbook for growth.
This strategy is all about boosting the domestic engine while staying connected globally. In simple terms, it crafts a strong "internal circulation" paired with smart international links, a setup that echoes through sectors such as new energy vehicles (NEVs), AI, and even quantum computing 💡.
For those of us riding the tech wave, this means a future filled with cutting-edge innovation and sustainable industrial upgrades. Projects like the "east data, west computing" initiative have already sparked real progress, with the domestic semiconductor self-sufficiency rate leaping from 15% in 2020 to a more resilient supply chain today!
As emerging economies seek their unique growth paths, this dual circulation approach isn’t just a buffer against global uncertainties—it’s a vibrant blueprint that inspires innovation and resilience in a rapidly evolving world 🚀.
Reference(s):
Navigating global shifts and forging a path for emerging economies
cgtn.com
