TITLE:
Analysis of Status, Existing Problems and Countermeasures in the Development of Dual Circulation of China at Each Stage
AUTHORS:
Qing Guo, Yingshi Ye, Ziyu He
KEYWORDS:
China, Dual Circulation, Evaluating Index System, Empirical Analysis, Development Path
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.10 No.5,
May
31,
2022
ABSTRACT: Accurately identifying evaluation indicators and evaluating the development
performance of dual circulation of China at each stage, including the period
after reform and opening up, entering into WTO, the global financial crisis and
the Sino-US trade friction, is of great significance to analyze the development
status of dual circulation in the whole China or some regions. In order to
state the development of the dual circulation at each stage, this paper
establishes an evaluating index system and analyzes relevant data from the
perspectives of inner cycle and outer cycle respectively. The evaluation
results show that: firstly, after reform and opening up, the development of
China’s dual circulation has gone through a process from “the outer cycle
strengthens and the inner cycle weakens gradually” to “the inner cycle
strengthens and the outer cycle weakens gradually”; secondly, at each stage,
the change of China’s economic development pattern has its era conditions and
meets the needs of national development; thirdly, there are some advantages on
China’s economic development brought by the dual circulation of each stage but
also with some problems; fourthly, in the development of the dual circulation,
international trade has always been a well-developed part, while domestic trade
has been a weaker one. According to the existing problems of each stage like
imbalance, developing dual circulation in the future should pay attention to domestic
reform, opening up and domestic-international coordination and so on at the
same time.