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Saheli Roy Choudhur said that SINGAPORE — China’s investment deal with the European Union could pave the way for Beijing’s “dual circulation” strategy of being self-reliant in technology while still remaining a part of the global supply chain, a professor told CNBC.
Last year, the Chinese government came out with a batch of policy terms to bolster its economy, putting them under a vague umbrella term of “dual circulation.” The phrase refers broadly to two circles of economic activity — internal and external — with greater emphasis than before on business at home.
“Dual circulation is such an important point in the middle of this China-U.S. tech war,” said Winston Ma, an adjunct professor of law at New York University.
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