Against a backdrop of global uncertainties, the Chinese mainland’s dual circulation strategy is emerging as a powerful engine for sustainable growth. As factories innovate and markets stay active, supply and demand cycles are reinforcing each other, driving the economy forward.
Last year, in 2024, consumption accounted for 44.5 percent of economic growth, underscoring how household spending has become a key catalyst in this new model. By forging stronger links between domestic demand and homegrown production, policymakers have tapped into the full potential of local markets.
On the ground, companies across sectors—from high-tech manufacturing hubs to digital marketplaces—are leveraging innovation to meet evolving consumer needs. Smart production lines and real-time data analytics are tailoring output to shopper preferences, keeping engagement and spending high.
Analysts say this emphasis on self-sustaining growth not only reduces vulnerability to external shocks but also creates fertile ground for start-ups and green ventures. The focus on innovation ecosystems is attracting fresh talent and investment, laying the groundwork for the next wave of economic transformation.
As the Chinese mainland continues to refine its dual circulation approach, the interplay of robust domestic demand and cutting-edge production offers valuable insights for emerging economies worldwide. By harnessing local strengths and fostering inclusive growth, this strategy could chart a path toward resilience in an ever-changing global landscape.
Reference(s):
cgtn.com
