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Why China's 'dual circulation' plan is bad news for everyone else

New economic strategy is about meeting growing domestic demand

| China
A researcher deals with a wafer arrayed with carbon nanotubes at a laboratory in Beijing: China will do its utmost to substitute domestic products for imported high-end intermediate goods.   © VCG/Getty Images

Alicia Garcia-Herrero is Asia-Pacific chief economist at Natixis and a senior research fellow at Bruegel, a Brussels-based think tank.

Minds in Beijing are focusing increasingly on the upcoming meeting of the Chinese Communist Party Central Committee next month.

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