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China’s economic strategy shift shows Xi Jinping is preparing for ‘worst case scenario’, analysts say

Summary:
[unable to retrieve full-text content]China’s move to double down on a pivot away from export-led growth in favour of developing its domestic market reflects a strategic shift by Beijing to prepare for the “worst case scenario” after the coronavirus pandemic, according to analysts.President Xi Jinping told dozens of top economic advisers in Beijing at the weekend that China was pursuing a new development plan in which “domestic circulation plays the dominant role”.“For the future, we must treat domestic demand as the starting point…

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[unable to retrieve full-text content]
China’s move to double down on a pivot away from export-led growth in favour of developing its domestic market reflects a strategic shift by Beijing to prepare for the “worst case scenario” after the coronavirus pandemic, according to analysts.President Xi Jinping told dozens of top economic advisers in Beijing at the weekend that China was pursuing a new development plan in which “domestic circulation plays the dominant role”.“For the future, we must treat domestic demand as the starting point…

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