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Can 'dual circulation' reverse China's growth slowdown?

Difficult to cut through the media buzz around Xi Jinping's new strategy

| China
Migrant workers arrive at Guangzhou South Railway Station on Mar. 19: market-based allocation of resources means allowing workers to move more easily to the largest cities.   © Reuters

Yukon Huang is a senior fellow at the Carnegie Endowment for International Peace. He is author of "Cracking the China Conundrum: Why Conventional Economic Wisdom is Wrong." Joshua Levy is a junior fellow at the Carnegie Endowment for International Peace.

Over the span of forty years, China has evolved from a poverty-stricken nation to a major economic power.

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