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In 2020, China proposed the new development pattern based on “#dual_circulation” with domestic and international markets reinforcing each other. According to Zhao Changwen, such a pattern will need an innovation-friendly financial system: new.cf40.org.cn/uploads/202010… 1/6
First, an innovation-friendly financial system should be able to help the country seize the opportunities brought by the new round of technological revolution or industrial revolution. 2/6
Second, an innovation-friendly financial system under the “dual circulation” strategy should be able to help resolve three imbalances in economic structure, that is, imbalance between supply and demand in real economy, … 3/6
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