The overarching economic goal of China’s leadership is to transform its old growth model to a more sustainable path, addressing the long-term challenges of an aging population, declining productivity and less and less room for policy stimulus. Ongoing policies such as rebalancing, deleveraging, and “Made in China 2025,” which are designed to achieve this transition, are likely to remain in place with some implementation details to be adjusted along the way. “Dual circulation” economic strategy – adjusting to the changing geopolitical environment China has recently unveiled a “dual circulation” economic strategy that ... (full story)