China needs to lay solid groundwork for domestic development, achieve a stable and controllable production regime and master core technologies. At the same time is should unleash Chinese market demand, so it no longer has to depend on foreign markets.

The post-pandemic era provides paths that, if followed, will catapult the country into first place globally by mid-century. It will open wider, increase cooperation with international partners and make even greater contributions to the world economy.

China was the only major economy to experience positive economic growth in 2020. This reveals China’s place in the world and the financial systems that should be avoided for the global future.

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An increase in regulations on the fintech sector in China will cause small banks to suffer disproportionately as compared to larger banks throughout the country, in an already challenging financial atmosphere.

China’s economy seems largely to have bounced back from the COVID-19 shock. It registered 4.9% annual growth in the third quarter of 2020, and the rate may well exceed 5% growth in the fourth quarter. The result would be at least 2% annual full-year growth – not bad at a time when much of the world is facing a pandemic-induced recession. But that doesn’t mean smooth sailing ahead.

Be prepared, be equipped, no decoupling, no dependence — these are the keys to dual circulation. China’s development is entering a new period in which it will change its way of influencing the world. Tremendous opportunities will come for all.

By keeping the CIIE open as other expos closed their doors in the face of the pandemic, China demonstrated its commitment to an open economy and its desire to share the country’s huge domestic market.

China’s 14th Five-Year Plan and vision for 2035 are logical and achievable under the leadership of the CPC. The recently adopted national development proposal lays out a clear road map.

Removal of institutional barriers, more transparency in domestic rules and a free flow of goods and services and factors of production will allow China to develop its gigantic market to its maximum potential.