A man works at a workshop of Hefei plant of Changan Automobile in High-tech Industry Development Zone in Hefei, east China's Anhui Province, Feb. 26, 2020. (Xinhua/Zhou Mu)
BEIJING, Nov. 12 -- Chinese President Xi Jinping has stressed building a new development pattern of "dual circulation," in which domestic and foreign markets reinforce each other, with the domestic market as the mainstay.
Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has elaborated on the new paradigm on many occasions.
The following are some highlights of his quotes:
-- This new development pattern, put forward in light of changes in China's development stage, environment and conditions, is a strategic choice that will enable the country to forge new advantages in global economic cooperation and competition.
-- The advantage of a big economy lies in its advantage of domestic circulation. With a total population of 1.4 billion and per capita gross domestic product exceeding 10,000 U.S. dollars, China boasts the world's largest and most promising consumer market.
-- Taking the domestic circulation as the mainstay is by no means seeking development behind closed doors. Instead, it aims to forge stronger connectivity between internal and external markets, better capitalize on the resources of the two markets and achieve more robust and sustainable development by leveraging the potential of domestic demand.