The "strategy of export-oriented industrialization" of participating in the large circulation of international economy once created the miracle of China's growth. However, currently, the driver of large circulation of international economy has weakened significantly. In the period of the 14th Five-year Plan, China must draw lessons from the historical experience of developed countries, to adjust China's globalization strategy, and gradually achieve the strategic transformation from the "large circulation of international economy" to "the circulation with domestic large circulation as the main body, domestic and international circulation promoting each other".The theory of large circulation of international economy is a kind of concept of opening-up under the condition of planned commodity economy. The new theory of dual circulation is a kind of concept of comprehensive opening-up under the condition of socialist market economy with Chinese characteristics, which adapts to the needs of economy entering a new era of high-quality development and constructs a new pattern of opening up. Both of them belong to the strategy of open economic development of China, but they are different in nature and reflect different concepts of opening to the outside world.
