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The Impacts of Dual Circulation on the Manufacturing Industry in China - A Case Study of Gree Electric Appliances Inc

In: Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)

Author

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  • Hongyi Sun

    (University of Southern California, Marshall School of Business)

Abstract

China has proposed to build a new development pattern of domestic and international dual cycles. In the dual circulation, the export of China is given up by China’s government. China tries to replace the external demand by increasing internal demand. China’s dual cycle policy is bound to greatly affect China’s foreign trade. Through literature review and qualitative analysis, this paper studies the impact of dual cycle on China’s manufacturing industry. Taking the power of Gree Electric Appliance as an example, this paper discusses the specific impact of double cycle on the enterprise and the Countermeasures of the enterprise. On the whole, the double cycle will have a great negative impact on China’s manufacturing enterprises.

Suggested Citation

  • Hongyi Sun, 2023. "The Impacts of Dual Circulation on the Manufacturing Industry in China - A Case Study of Gree Electric Appliances Inc," Advances in Economics, Business and Management Research, in: Seifedine Kadry & Yingchen Yan & Junjie Xia (ed.), Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022), pages 510-516, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-124-1_60
    DOI: 10.2991/978-94-6463-124-1_60
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