On May 14, 2020, the meeting of the Standing Committee of the Political Bureau of the CPC Central Committee proposed for the first time to build a new development paradigm featuring dual circulation, in which domestic and overseas markets reinforce each other, with the domestic market as the mainstay. This is a scientific judgment and a major strategic choice made by the party and the government in the face of profound changes in the situation at home and abroad. It also indicates that China's opening up has entered a new stage.In the new stage of development, we should pay more attention to the connection between international circulation and domestic circulation, focus on the key points of opening up in an all-round, multi-level and wide-ranging way, and develop a higher-level open economy with "higher-level opening-up". Focus on domestic circulation and promote international circulation with domestic circulation; expand regional cooperation and promote global development with regional cooperation; cultivate technological advantages and promote the development of made in China into created in China; promote the institutional opening-up and develop a higher-level open economy.
