‘Dual circulation’ is the coexistence of ‘inner’ and ‘outer’ circulation. ‘Inner’ circulation refers to China’s goals to realize greater domestic economic potential by boosting consumption, improving innovation, and developing urban clusters. ‘Outer’ circulation refers to China’s trade and investment relationships with foreign countries.
Tag Archives: Trade
Country Spotlight: Vietnam
Vietnam is a low cost manufacturing destination with a government that is supportive of foreign investment and proactive in promoting the country as a destination for foreign companies. Wages and headline taxes in particular make the country a competitive alternative to the China.
Industry Spotlight: Free Trade Zones in China
Free trade zones (FTZs) are a type of special economic zone used by the Chinese government to pilot preferential trade and investment policies. As of 2017, there are 11 FTZs in China. Each FTZ has its own strategic positioning within the larger economic plan of the Chinese government.