Faced with weakened export markets amid the #COVID19 pandemic, and a hostile United States banning Chinese companies like #Huawei, and apps like #TikTok and #WeChat, #China seeks to recalibrate its economy. A consumer-driven approach, a so-called "internal circulation," would make more sense in the immediate term. Although China, at the same time, could keep doors open to investment and further open up its own economy, could this strategy work? What are the pros, cons and pitfalls of a more self-reliant economic approach?
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