To build a complete domestic demand system in short term, China needs to streamline domestic circulation as soon as possible and accelerate the recovery of domestic economy, according to a recent paper by Huang Qifan: new.cf40.org.cn/uploads/202008… 1/5 #dualcirculation
1. Strengthening weak links, invigorating the economy, and building comprehensive innovation chains that can support the development of a science and technological power. 2/5
2. Advancing Industrial 4.0 by accelerating the industrialization of digital economy and the digitization of the traditional industry through the development of new infrastructure. 3/5
3. Reduce policy obstacles for certain industries and promote balance between supply and demand by absorbing overcapacity with new types of demand. 4/5
4. Adopt a multi-pronged approach to stimulate consumption, promote employment, improve social security, and accelerate the formation of a spindle-shaped income distribution pattern. 5/5
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.