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Synergies Between the “Dual-Circulation” Paradigm and Metropolitan Areas

In: Regional Economic Development in China in 2020

Author

Listed:
  • Jiuwen Sun

    (Renmin University)

Abstract

At present, the Chinese economy faces profound changes in its domestic and international environments. Domestically, the focus of the economic development has been shifted from high-speed growth to high-quality development, and obvious changes regarding the development drivers, development model, and the country's comparative advantage have occurred. As to the development drivers, the overseas demands have shrunk since the 2008 Global Financial Crisis, and thus the domestic demands have gradually replaced the overseas ones in providing growth momentum for China. This point is verified by China's decreasing dependence on foreign trade.

Suggested Citation

  • Jiuwen Sun, 2025. "Synergies Between the “Dual-Circulation” Paradigm and Metropolitan Areas," Springer Books, in: Regional Economic Development in China in 2020, chapter 8, pages 197-223, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-3604-7_8
    DOI: 10.1007/978-981-95-3604-7_8
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