The "dual circulation" development pattern, with a somewhat increased emphasis on domestic consumption, might be looked at as a response to lack of international demand during the pandemic. But it is more accurately looked at as a necessary response to the fact that the Chinese economy is large and growing rapidly and has accomplished two decades of rising wages and, thus, rapidly rising domestic demand. This would have been a necessary policy course-adjustment regardless of the virus.
That would help keep total factor productivity growth at a relatively high compound annual growth rate of 1.6 percent through 2030. Thus, the country's annual per-capita income could more than double by 2030.
The "Made in China 2025" area at the China International Patent Fair 2016 in Dalian, Liaoning province. Premier Li Keqiang introduced the Internet Plus and Made in China 2025 policies to redirect China's manufacturing model in 2015. [Photo provided to China Daily]
The 12th China (Chongqing) Hotpot and Food Culture Festival features exhibits, like this giant hotpot cultural wall, which is made of three tons of hotpot seasoning. It depicts the origin and development of Chongqing hotpot with beef tallow carvings, on Oct 16, 2020. [Photo by Deng Rui for chinadaily.com.cn]
The 12.8-inch touch screen is especially designed for Chinese consumers. Ford's SYNC+ in-vehicle infotainment system enables such functions as natural voice command and mobile phone projection as well as online music.
The 15-km-long 10-kilovolt power line, which took five months to complete, is connected to remote Yulmed township in Luntse county, Shannan city, via 108 electric poles over a 5,000-meter-high mountain, according to the contractor, a Xining-based electric power company in neighboring Qinghai province.
济南搜索引擎优化排名公司
That was the old China of investment and net exports; China as the "world factory" of low costs and cheap prices. But it was also the China of overcapacity and local debt; a China that grew with foreign capital and domestic imitation, amid deep income polarization and great damage to the environment.
The 2.5-day weekend allows workers more time for short holidays, which could help boost tourism consumption, relieve employees' stress and improve work efficiency, the guideline read.
The "whole life-cycle" include five stages: reparation, purchase, construction, operation, assessment and handover. "Investment targets and evaluation standards should be set before starting projects, to prevent unregulated PPPs increasing local governments' hidden debt," he said.
The 11-year-old Shin Shin, which means "truth", was removed from public viewing in mid-May after she began showing signs of pregnancy, including loss of appetite and increased lethargy.