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CNBC (19 January 2021)

Saheli Roy Choudhury

China’s investment deal with the European Union could pave the way for Beijing’s “dual circulation” strategy of being self-reliant in technology while still remaining a part of the global supply chain, a professor told CNBC.

Last year, the Chinese government came out with a batch of policy terms to bolster its economy, putting them under a vague umbrella term of “dual circulation.” The phrase refers broadly to two circles of economic activity — internal and external — with greater emphasis than before on business at home.

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