Overview
The term "Chinese modernization," also referred to as "Chinese-style modernization" or "Chinese path to modernization," first appeared consistently in the discourse of the Communist Party of China (CPC) in 2021. A year later, President Xi Jinping formally advanced the concept at the 20th CPC National Congress. The concept crystallizes the CPC's decades of governance experience, taking into account China's huge population, common prosperity for all, the pursuit of economic, cultural, and ethical progress as a whole, harmony between humanity and nature, and peaceful development. Studies on Chinese Modernization is a series of ten-plus monographs authored by acclaimed Chinese scholars, aiming to offer an overview of the concept and elaborate on its various manifestations such as values selection, national security, digital economy, innovation-drive development, dual circulation, state governance, man-nature harmony, ideological security, the rule of law, energy transformation, and public finance.
In 2020, China unveiled the idea of developing its economy by relying mainly on its domestic market while at the same time seeking the support of the global market, with the two markets reinforcing each other. In the context of the unprecedented changes taking place in the world, this strategy, widely known as dual circulation, aims to form a new development pattern with a view to resolving the long-standing issues facing China, such as unbalanced development and overcapacity. In Dual Circulation and China's New Development Trends, the authors analyze the new development pattern, discuss ways of boosting China's aggregate demand, dissect the relations between supply-side structural reform and dual circulation, and illustrate how China can better engage in global rulemaking.
What's New
Dissects China's new development pattern from different perspectives, including its origin, historical background, implications, and relationship with dual circulation
