China's Economic Strategy: Domestic and Global Development
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China's Economic Strategy: Domestic and Global Development
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The video, outlines China's economic strategies and achievements, particularly emphasizing a shift towards a domestic-led economic cycle. explains how China transitioned from a heavily internal economy (1950-1980) to an export-driven one (1980-2010), and now, by 2050, aims for a balanced dual circulation with a primary domestic focus. This shift is driven by a strategy to transform China into a global economic power by strengthening its internal market, upgrading its industrial output from labor-intensive goods to high-tech and equipment manufacturing, and fostering self-reliance in key technologies like semiconductors. Furthermore, the lecture details China's deepened opening-up strategy, including efforts to integrate domestic and foreign trade regulations, boost the service trade, advance the Belt and Road Initiative, implement free trade agreements, and gradually internationalize the RMB, all while preparing for continued engagement despite external pressures。
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